Broker Review: Fidelis Capital Markets

Today I’m taking a look at a new Forex brokerage some of the readers here have been asking about, Fidelis Capital Markets. They believe that when traders reach the top, they should keep trading. This is a very positive concept, and there are quite a few messages like these that they want to deliver to their traders. I have to say that I feel the same way.

The brokerage is operated by “Fideliscm Cyprus Limited dba Fidelis Capital Markets ( “FCM” ) fka SN Financials Limited (Regulated by CySEC under license number 208/13) and Fidelis Capital Markets Limited (License Number 14841) is regulated by VFSC, Vanuatu.” They are located at 52A Omonia Avenue, Troodos Court, Suite 201, 3052 Limassol, Cyprus and can be reached via various phone numbers on their contact page, as well as support@fideliscm.com.

For a full list of recommended brokers, that is still in the progress of being developed, go here.

Fidelis Capital Markets Review

The corporate entity behind the Fidelis Capital Markets brokerage believe that they have a clear understanding of what each trader needs. While there are many different options to choose from, they believe that this really sets them apart from the rest of the marketplace. They claim to offer the best FX trading products, and utilize an STP trading environment. They focus heavily on tight spreads, and fast execution that ensures there are no requotes.

Their mission statement informs traders that they “truly believe that a strong public confidence can be nurtured by providing stability, security and credibility.”

I appreciate this, of course.

Account Types

Fidelis Capital Markets currently provide 3 different trading accounts, based on how much a trader deposits.

• Rookie

The Rookie account offers commission free trading with a $10 deposit. On this account the spreads start at 1.6 pips, which is a higher floor than the other two options. The CFD is $15.

• Prime

The most popular account is the Prime, which requires a $100 deposit and offers spreads from 0 pips. The commission on this account is $3 per $100,000 traded with a CFD at $9

• Elite

The elite account requires a $50,000 deposit, which is a major jump. With this account traders also have access to spreads that start at 0 pips, as well as a commission at $2.5 per $100,000 traded and a CFD at $8.

To deposit, traders have access to Visa, MasterCard, Neteller, WebMoney, Skrill, Bankwire Transfers and CashU.

Education

Along with many different tools, the FidelisCM brokerage also provides an education section. In this section traders have access to a beginners course, intermediate course and advanced course. You can actually access many of the videos before signing up with the broker, and this is a good way of seeing if you like what they have to offer. Keep in mind however, that there are a handful of videos that are locked, that will only be unlocked when you register. I don’t believe a deposit is required for these but I could be corrected on that point.

Promotions

Fidelis Capital Markets are currently running two promotions. One, is a “Prince of Pips-2, The Traders War” live account trading contest. Traders are required to deposit $100 and then compete for multiple prizes.

• 1st prize: $5,000
• 2nd prize: $2,500
• 3rd prize: $1,250
• 4th prize: $750
• 5th prize: $500

Actually, upon reading further it looks this competition is closed, with the winner hitting a gain of nearly 700% over 32 trades. So I guess we will have to wait for Prince of Pips 3, before we can signup with this promotion! Does look like a lot of fun though.

Conclusion

My first thoughts on the Fidelis Capital Markets broker are positive. They meet all my requirements to trade on the MT4 platform, with all the necessary instruments and margin requirements. If you are looking for a new brokerage, FCM may fit the bill. As of right now I’ll be providing a 3 star review and then shifting this up or down based on the feedback from the Forex community.

Please let me know what you think about this brokerage, and thank you for visiting Forex Robot Nation.