Fidelity Exposed: Traders Complain About Withdrawal Denials, Frozen Accounts & Platform Glitches

Does Fidelity Investments prevent you from accessing funds despite numerous assurances on your requests? Do you witness an account freeze by the US-based forex broker every time you request withdrawal access? Do you struggle with an unstable trading platform here? Is the slow Fidelity customer service making you face forced liquidation? These issues haunt traders, with many of them voicing their frustration on several broker review platforms such as WikiFX. In this Fidelity review article, we have shared quite a few complaints for you to look at. Read on!

Detailing the Trading Problems Faced by Traders at Fidelity Investments

The Usual Fund Withdrawal Access Denial

Traders accuse Fidelity of constantly playing with their patience by repeatedly denying withdrawals. While the broker constantly assures them of access, nothing turns out in real time. Here is a screenshot expressing the traders helplessness.

Too Many Procedures & Expenses, But No Withdrawal, Claims Traders

Fidelity Investments also draws flak for making the withdrawal process lengthy and costly. In one case, the trader, in order to receive withdrawal access approval from the broker, followed lengthy processes and paid the required cost. At one point, the trader typed the fund password wrong. Fixing it made him pay further. At the end, the trader could not withdraw the capital amount. Sharing a screenshot explaining a painful journey for the trader.

Bad Customer Support Service, Forced Liquidation

Recently, a case emerged where the trader feared that the market downturn could lead to a margin call and a forced liquidation. Out of this sheer anxiety, the trader connected with the customer support service. However, the long wait time resulted in a partial position liquidation. Here is what the trader said while sharing the Fidelity review online.

The Poor Trading System Claim

The trading system, as claimed by the trader, is not smooth, leading to trading delays and the frustration that comes later. Sharing a screenshot where the trader has expressed this issue.

The Review of Fidelity by WikiFX: Score & Regulatory Status

Considering the grave nature of trading complaints, as mentioned above, the WikiFX team conducted a thorough inquiry into the broker, aimed at detecting the root cause of the trading mess. Our investigation found Fidelity Investments to be an unregulated broker, answering the question - is Fidelity a scam or legit? Trading with an unregulated broker is the path to non-stop losses and scams. Considering the prevailing investment risks, the WikiFX team handed Fidelity a score of 1.57 out of 10.

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