Fidelis Capital Markets Review

Category: Reviews | Author: Trading Brokers | Date: October 7, 2023

Nestled within the intricate world of financial trading lies Fidelis Capital Markets, a name that resonates with traders and investors seeking a platform to navigate these bustling markets. In this review, we embark on an unbiased exploration of Fidelis Capital Markets, aiming to provide an unvarnished assessment of its services, reputation, and performance. Whether you’re an experienced trader searching for a reliable partner or a beginner venturing into the realm of online trading, this review will serve as your guiding compass in deciphering the nuances of Fidelis Capital Markets.

Pros & Cons

  • Utilizes the advanced MetaTrader 5 (MT5) platform
  • Diverse asset selection, including forex, indices, commodities, and metals
  • Offers competitive spreads and flexible leverage options
  • Regulatory oversight in Mauritius and St. Vincent and the Grenadines
  • Provides educational resources like webinars and tutorials
  • Limited offering in metals, with only four available
  • Limited regulatory coverage compared to brokers in major financial hubs
  • Complexity in the variety of account types
  • Minimum deposit requirement of $100 for most accounts
  • Geographic restrictions may apply to certain services

Summary

Fidelis Capital Markets Review

Fidelis Capital Markets Review

Fidelis Capital Markets, a global online forex broker, offers an extensive array of trading services across diverse financial instruments, including forex, indices, commodities, and metals. The company operates under two distinct regulatory jurisdictions: the Republic of Mauritius, regulated by the Financial Services Commission (FSC) with an Investment Dealer License, and St. Vincent and the Grenadines, where it functions as an International Business Company (IBC) under the oversight of the Financial Services Authority (SVGFSA).

To cater to its clients’ varied trading needs and preferences, Fidelis Capital Markets provides an impressive suite of platforms and tools, spearheaded by the renowned MetaTrader 5 (MT5). In tandem with its comprehensive platform offerings, Fidelis Capital Markets prioritizes trader education, providing webinars, video tutorials, and ebooks. Moreover, Fidelis Capital Markets grants access to a wide spectrum of markets, encompassing forex, indices, commodities, and metals. The broker ensures competitive spreads, flexible leverage options, and swift, reliable execution for these markets.

Furthermore, Fidelis Capital Markets offers a range of account types to align with varying trading preferences, including Rookie/Pro, Prime/ECN Pro, and Unique/VIP, each with distinct features such as minimum deposit, spreads, leverage, commissions, and trade fees.

Finally, to facilitate seamless financial transactions, the broker provides diverse funding options, including bank wire transfers, credit/debit cards, and e-wallets. These options vary in terms of speed, security, convenience, and cost, ensuring clients have the flexibility to manage their trading accounts efficiently.

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Regulations

The company operates under two different regulatory jurisdictions: the Republic of Mauritius and St. Vincent and the Grenadines.

In the Republic of Mauritius, Fidelis Capital International Markets is regulated by the Financial Services Commission (FSC) with an Investment Dealer License bearing license number GB19024708. The FSC is the integrated regulator for the non-bank financial services sector and global business in Mauritius. It aims to promote the development, fairness, efficiency, and transparency of financial institutions and capital markets in Mauritius. The FSC also ensures the protection of investors and consumers of financial services and products.

As an Investment Dealer licensed by the FSC, Fidelis Capital International Markets is authorized to carry out several activities related to securities transactions, such as acting as an intermediary, trading as principal, giving investment advice, underwriting or distributing issues of securities, and managing portfolios of clients. Fidelis Capital International Markets is also required to comply with the FSC’s rules and regulations, such as maintaining adequate capital, submitting periodic reports, adhering to anti-money laundering and combating the financing of terrorism (AML/CFT) standards, and safeguarding client funds.

In St. Vincent and the Grenadines, Fidelis Capital Markets Limited is registered by the Financial Services Authority (SVGFSA) with the number 24163 IBC 2017. The SVGFSA is the single regulatory authority for all non-bank financial services in St. Vincent and the Grenadines. It supervises and regulates entities such as international business companies, mutual funds, insurance companies, trust and service providers, credit unions, money transfer services, and payment system providers.

As an International Business Company (IBC) registered by the SVGFSA, Fidelis Capital Markets Limited is subject to the provisions of the International Business Companies (Amendment and Consolidation) Act 2007. Before we dive deeper into the world of Fidelis Capital Markets, it’s worth considering your options. Please see a list of regulated brokers for some alternative options. This will provide you with a broader perspective to make an informed decision about your trading partner.

Platforms and Tools

Fidelis Capital Markets primarily relies on the MetaTrader 5 (MT5) platform, recognized worldwide as one of the most advanced and widely used trading platforms. This versatile platform caters to multiple asset classes, including forex, stocks, futures, and CFDs, offering traders superior execution and competitive spreads.

MT5 Trading Platform

MT5 Trading Platform

MT5’s array of features and advantages includes a user-friendly interface that can be tailored to accommodate various trading styles and preferences, an extensive suite of technical analysis tools encompassing indicators, charts, and graphical objects, as well as robust algorithmic trading capabilities, empowering traders to create, test, and implement automated trading strategies using the MetaEditor, the MQL5 programming language, and the Strategy Tester.

Fidelis Capital Markets also offers an impressive array of supplementary tools and features within the MT5 platform to enhance the trading experience. Let us have a look at some of these innovative tools:

  • Economic Calendar: This tool provides traders with information on upcoming economic events that could impact the financial markets. The economic calendar shows the date, time, country, currency, event name, importance, previous value, forecast value, and actual value of each event. Traders can use the economic calendar to plan their trades ahead of time and anticipate market movements based on the data released. The economic calendar also helps traders to avoid trading during periods of high volatility and uncertainty caused by major economic announcements.
  • Copy trading: The company offers a copy trading service to its members, which allows them to follow and copy the trades of successful traders.
  • VPS: Fidelis Capital Markets offers a Virtual Private Server (VPS) that allows traders to run their trading platform and Expert Advisors (EAs) 24/7 without interruption. A VPS is a remote server that hosts the trader’s trading platform and EAs, which are automated trading programs that execute trades based on predefined rules and conditions. By using a VPS, traders can benefit from faster execution speed, lower latency, higher security, and uninterrupted operation. A VPS also eliminates the need for traders to keep their computers on and connected to the internet all the time.
  • Market News: Fidelis Capital Markets provides traders with up-to-date news on the financial markets, which can help them make informed trading decisions. The market news covers various topics, such as economic data, central bank policies, geopolitical events, market trends, and analysis. Traders can access the market news from the Fidelis Capital Markets website or the MT5 platform. The market news helps traders to stay updated on the current market conditions and sentiment, as well as to identify potential trading opportunities and risks.

Education

Fidelis Capital Markets also provides its clients with various educational resources to help them learn and improve their trading skills and knowledge. Some of the educational resources that the company offers are:

  • Webinars: Fidelis Capital Markets conducts live and recorded webinars on various trading topics, such as market analysis, trading strategies, risk management, technical indicators, and more. The webinars are hosted by experienced traders and analysts who share their insights and tips with the audience. The webinars are interactive and allow the participants to ask questions and get feedback from the hosts. The webinars are also archived and can be accessed anytime from the Fidelis Capital Markets website.
  • Video Tutorials: Fidelis Capital Markets provides video tutorials that cover the basics of forex trading, such as how to use the MT5 platform, how to place orders, how to use charts and indicators, how to manage risk, and more. The video tutorials are short and easy to follow and can help beginners to get started with forex trading. The video tutorials are also available on the Fidelis Capital Markets YouTube channel.
  • Forex Education Courses: Fidelis Capital Markets provides forex education courses to its clients, which cover topics such as trading strategies, social trading, market analysis, and the psychology of trading.
  • Ebooks: Fidelis Capital Markets offers ebooks that cover various aspects of forex trading, such as market psychology, fundamental analysis, technical analysis, trading strategies, and more. The ebooks are written by experts and professionals who have extensive knowledge and experience in the forex market. The ebooks are comprehensive and detailed and can help traders to deepen their understanding of forex trading. The ebooks can be downloaded for free from the Fidelis Capital Markets website.

Markets

Fidelis Capital Markets offers trading services in various financial instruments, such as forex, indices, commodities, and metals. The company provides its clients with access to a wide range of markets and products to suit their trading needs and preferences. Some of the markets that Fidelis Capital Markets offers are:

  • Forex: Forex: Fidelis Capital Markets offers forex trading services to its clients. The company provides access to major currency pairs, as well as minor and exotic currency pairs.
  • CFDs: The company offers CFD trading services to its clients. Fidelis Capital Markets provides access to a range of CFDs, including indices, commodities, and cryptocurrencies.
  • Precious metals: Fidelis Capital Markets offers trading services in precious metals such as gold, silver, and platinum.

Accounts

Fidelis Capital Markets takes pride in presenting a carefully curated selection of diverse account options, meticulously designed to cater to the distinctive trading needs and preferences of its valued clientele. Among these notable account offerings provided by Fidelis Capital Markets are:

  • Rookie/Pro Account: This account is designed for beginners who want to trade commission-free with a low minimum deposit and competitive spreads. The minimum deposit for this account is $500 and the spreads start from 1.6 pips. The leverage or margin requirements range from 1:1 to up to 1:400 and the minimum trade volume is 0.01. The commission for this account is $0 for FX and gold, $7.5 for silver and CFDs, and the trade fee is not applicable.
  • Prime/ECN Pro Account: This account is designed for experienced traders who want to trade with tight spreads and low commissions with high minimum deposits and leverage. The minimum deposit for this account is $1000 and the spreads start from 0.0 pips. The leverage or margin requirements range from 1:1 to up to 1:400 and the minimum trade volume is 0.01. The commission for this account is $3 for FX and $4.5 for metals and CFDs, and the trade fee is not applicable.
  • Unique/VIP Account: This account is designed for professional traders who want to enjoy the best in the industry offerings with prime bank fees and high-end services. The minimum deposit for this account is $50000 and the spreads start from 0.0 pips. The leverage or margin requirements range from 1:1 to up to 1:200 and the minimum trade volume is 0.01. The commission for this account is $1.25 for FX, metals, and CFDs, and the trade fee is not applicable.
  • Islamic account: The Islamic account type is designed for traders who follow Islamic finance principles and offer swap-free trading.

Funding

Fidelis Capital Markets offers a diverse range of funding options for clients to conveniently manage deposits and withdrawals from their trading accounts. These options include:

  • Bank Wire Transfer: This secure and reliable method allows clients to transfer funds directly from their bank accounts to Fidelis Capital Markets’ accounts. While it is a trusted choice, it may take 3-5 business days to process and could involve fees imposed by the banks. Notably, Fidelis Capital Markets does not charge fees for bank wire transfers. However, it necessitates a minimum deposit of $100 and a minimum withdrawal of $50.
  • Credit/Debit Cards: Clients can utilize Visa or MasterCard credit or debit cards to fund their trading accounts swiftly and conveniently. Although it offers speed and convenience, there may be limitations on transaction amounts and frequency depending on the card issuer’s policies. Importantly, Fidelis Capital Markets does not impose fees for credit/debit card transactions. Yet, a minimum deposit of $100 and a minimum withdrawal of $50 apply.
  • E-Wallets: Online payment services like Neteller, Skrill, Webmoney, Fasapay, UnionPay, Qiwi, Yandex, and more provide a popular and hassle-free method for funding trading accounts. E-wallets may entail certain fees and currency restrictions, depending on the provider’s terms. It’s worth noting that Fidelis Capital Markets does not charge fees for e-wallet transactions. However, a minimum deposit of $100 and a minimum withdrawal of $50 are required.

Conclusion

In conclusion, our comprehensive review of Fidelis Capital Markets reveals a brokerage that exemplifies reliability in the dynamic realm of online trading. Offering a wide spectrum of financial instruments, diverse account options, and convenient funding methods, Fidelis Capital Markets accommodates the varied needs of traders, irrespective of their experience levels. With a strong commitment to security, competitive offerings, and an intuitive trading environment, this broker provides a solid foundation for traders to build and execute their strategies. Nonetheless, it’s important to keep in mind that although Fidelis Capital Markets provides robust features, there are other brokerage firms with more extensive track records that could merit exploration as viable alternatives. To discover a wider array of options, we recommend delving into our trading broker reviews.

Fidelis Capital Markets Logo

$100

Fidelis Capital Markets is an online forex broker that offers a range of trading products and services, including forex, CFDs, metals, indices, and social trading. The broker operates as an STP/ECN model, providing fast execution, tight spreads, and deep liquidity.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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