Score

1.08 /10
Danger

Fidelity Market

United States

Within 1 year

Suspicious Regulatory License

United States Common Financial Service License Unauthorized

Suspicious Overrun

High potential risk

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Score

Regulatory Index0.00

Business Index3.68

Risk Management Index0.00

Software Index4.00

License Index0.00

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Warning: Low score, please stay away! 4
Previous Detection : 2024-09-30
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • United StatesNFA (license number: 0564185) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!

WikiFX Verification

Fidelity Market · Company summary
Broker Name

Fidelity Market

Founded in 2023
Registered in United States
Regulated by Not regulated
Market InstrumentsForex, Commodities, Stocks, Indices
Maximum Leverage1:1000 for forex
SpreadsTrue ECN spreads from 0.0 pips
Trading Platform Web, Andord, IOS
Customer Support support@fxinf.net

Overview of Fidelity Market

Fidelity Market, founded in 2023 and based in the United States, offers a variety of trading options for investors. Although not directly subject to explicit regulations, they facilitate trading in forex, commodities, stocks, and indices via a user-friendly web and mobile platform (Android & iOS).Leverage options vary by instrument, reaching up to 1:100 for indices. Spreads are claimed to be tight with True ECN spreads from 0.0 pips, but commission structures are not explicitly mentioned. Customer support is available via email (support@fxinf.net).

Overview of Fidelity Market

Regulation

Fidelity Market appears to operate without regulatory oversight. Regulatory bodies typically ensure financial markets adhere to standards that protect investors and maintain market integrity. The absence of regulation could potentially expose investors to increased risks, as there are no established frameworks for monitoring or enforcing fair practices. Investors should exercise caution when engaging with unregulated entities like Fidelity Market, as the lack of oversight may impact transparency and recourse in case of disputes or market malpractice.

Regulation

Pros & Cons

Fidelity Market presents several advantages and disadvantages for potential traders. On the positive side, it offers a wide array of trading instruments encompassing forex, commodities, stocks, and indices, catering to diverse investment strategies. The platform boasts a streamlined online application process and a user-friendly web interface accessible across multiple devices, enhancing convenience for traders on the go. However, notable drawbacks include a lack of transparent information regarding account types, which may hinder informed decision-making for prospective clients. Additionally, customer support options are limited primarily to email, potentially delaying assistance and resolution of issues. Furthermore, the absence of regulatory oversight raises concerns about the platform's adherence to industry standards, posing potential risks to investors in terms of market fairness and investor protection. Investors should weigh these factors carefully when considering engagement with Fidelity Market.

Pros Cons
• Various trading instruments to trade• Operates without regulatory oversight, potentially exposing traders to risks
• User-friendly web platform accessible on various devices (desktop, mobile, tablet)• Lack of information for account types
• Streamlined online application process• Limited customer support options, primarily through email

Market Instruments

Fidelity Market offers many market instruments including forex, commodities, stocks, and indices. These instruments cater to diverse investment preferences, allowing clients to engage in currency trading, invest in commodities like precious metals and energies, trade equities in global markets, and track performance across various indices. Each market instrument provides opportunities for portfolio diversification and speculation on market movements, though specific details regarding available assets and trading conditions would further inform potential investors on the suitability of Fidelity Market's offerings to their financial objectives.

Market Instruments

How to open an account

Fidelity Market offers a streamlined account opening process accessible through their website. They cater to both new and existing customers. Here's a simplified breakdown:

  • Visit the Fidelity Market website and navigate to the “Open an Account” section.
  • Select the appropriate account type based on your investment goals and experience level.
  • Provide your personal information and complete the verification process.
  • Fund your account using a linked bank account or other eligible methods.
How to open an account

Leverage

Fidelity Market offers varying leverage ratios across different asset classes to enhance trading opportunities for its clients. Specifically, they provide leverage up to 1:1000 for forex trading,1:500 for commodities, 1:100 for stocks, and 1:100 for indices. Leverage enables traders to control larger positions with a smaller initial investment, amplifying both potential profits and risks. Traders should carefully consider the implications of leverage on their trading strategies and risk management practices, as higher leverage ratios can magnify both gains and losses in volatile markets. Fidelity Market's leverage offerings cater to different risk appetites and trading styles, providing flexibility for clients to optimize their investment strategies accordingly.

Leverage

Trading Platform

Fidelity Market offers a web-based trading platform accessible on various devices including desktops, laptops, tablets and mobile phones. The image showcases versions for iPhone & iPad, Android and a separate web platform. Fidelity highlights these platforms as user-friendly and convenient to trade from anywhere

Trading Platform

Customer Support

Fidelity Market's customer support, as indicated by their provided email address (support@fxinf.net), suggests a direct channel for customer inquiries and assistance. The email contact implies a method for users to seek guidance or resolve issues related to their services. However, the quality and responsiveness of their support cannot be fully assessed without direct interaction or additional information regarding their service standards and response times.

Physical Address: 3609 Austin Bluffs Pkwy Ste 31, Colorado Springs ,80918,United States

Customer Support

Conclusion

Fidelity Market offers a diverse range of tradable instruments (forex, commodities, stocks, indices) through a user-friendly web and mobile platform. The minimum deposit is low ($100) and leverage options provide flexibility (up to 1:100 for indices). However, the lack of regulatory oversight and limited information about account types and customer support raise concerns. Overall, Fidelity Market may be suitable for experienced traders comfortable with unregulated environments.

FAQs

Is Fidelity Market safe?

Fidelity Market is not regulated, which means there's no government oversight to ensure fair practices and investor protection. This increases the risk of fraud or manipulation.

What are the account types offered by Fidelity Market?

Information regarding account types is not readily available on Fidelity Market's website. This lack of transparency can make it difficult for potential clients to choose the account suited to their needs.

How can I contact Fidelity Market for support?

Customer support appears limited to email (support@fxinf.net). This may limit options for obtaining prompt assistance with inquiries or resolving issues.

Risk Warning

Trading online carries inherent risks, including the potential loss of your entire investment. It's essential to recognize that online trading may not be suitable for everyone, and individuals should carefully consider their risk tolerance before participating. Additionally, please be aware that the details provided in this review are subject to change as companies update their services and policies. Therefore, it's advisable to verify the most up-to-date information directly with the company before making any trading decisions. Ultimately, the responsibility for utilizing the information in this review lies solely with the reader.

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Gantleder
more than one year
Very quick approval process once I submitted the documents you requested. It seems like once I transferred you money it was put into my account instantaneously so I could begin trading when the market opened which was surprising to say the least. I mentioned that because with my current broker funding would take one to two business days as well as withdrawals. Very professional and efficient :-)
Very quick approval process once I submitted the documents you requested. It seems like once I transferred you money it was put into my account instantaneously so I could begin trading when the market opened which was surprising to say the least. I mentioned that because with my current broker funding would take one to two business days as well as withdrawals. Very professional and efficient :-)
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2024-07-10 10:26
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