Our Review of Fidelis Capital Markets Limited
Fidelis Capital Markets Limited
Based in New Zealand, Fidelis Capital Markets Limited is a leading online Forex broker that utilizes the most secure and advanced technology available to link directly to the interbank market, providing traders with a true ECN, non-dealing desk trading environment and unrestricted 24-hour market access. Backed by an experienced team of traders and investors, Fidelis Capital Markets Limited delivers superior customer service and trading tools to all of their clients, ensuring each one has every opportunity to trade successfully and profit from the lucrative Forex market.
Fidelis offers both spread and commission-based trading accounts, both of which provide traders with the same functionality, tools, and market access. In fact, the only difference between these two main account types is the way clients are charged for the broker’s services. Both types of accounts have a low $200 initial deposit requirement and provide traders with access to all of Fidelis’ trading platforms and tools.
Commissions & Spreads
As an ECN broker with direct access to the world’s financial markets, Fidelis Capital Markets Limited offers some of the lowest spreads in the Forex industry. However, the spreads and commissions charged by the popular Forex broker vary depending on the type of account a trader selects.
Dealing directly with market liquidity providers and top-tier banks, Fidelis offers its clients some of the best spreads available. The bid and ask prices are directly obtained by the broker’s liquidity providers, allowing traders with a Spread Trading Account to enjoy the lowest possible spreads.
Recognizing that commissions, spreads, and other transaction charges can seriously cut into a trader’s bottom line, Fidelis Capital Markets Limited charges an industry low $3 commission per trade for traders with a Commission Trading Account. This commission is charged in addition to the raw ECN spreads, which can be as low as 0.1 pips for certain currency pairs. Regardless of the type of account a Fidelis trader chooses, he or she is able to enjoy some of the lowest spreads and commissions in the industry.
In an effort to cater to traders of every level, Fidelis Capital Markets provides six different types of trading platforms, including:
• Fidelis MetaTrader 4
• MetaTrader 5 Beta
• MetaTrader Multi-Terminal
• cTrader Mobile Web
• cTrader Web
Like many respected Forex brokers, Fidelis Capital Markets Limited offers clients access to the powerful and popular MetaTrader trading platforms. With MetaTrader’s diverse range of tools, charts, and inidcators, traders have everything they need at their fingertips to properly analyze their trading strategies and profit from each trade.
Fidelis also provides traders with access to the powerful cTrader platform for lightning-fast order execution. Following FIX Protocol, the cTrader trading platform is ideal for scalpers, ensuring sub-second order execution and the lowest possible spreads. The Fidelis cTrader platform is available as a desktop application, a Web-based version, and a mobile version.
Deposits & Withdrawals
Deposits can be conveniently made via Visa, MasterCard, Net Teller, and wire transfer. Withdrawals are made to the method of deposit. However, if a trader deposits funds to their account via a credit card and the amount of the withdrawal exceeds the amount able to be refunded to the card, Fidelis will promptly wire the remaining balance to his or her bank account.
The Fidelis Capital Markets website is available in over 60 languages, providing a clear sign of its commitment to customer service. The broker also has physical locations in countries around the world with local customer service and support numbers. In addition to phone support, Fidelis also offers live chat, email support, and call back requests.
Regulators & Safety
Established in 2011, Fidelis Capital Markets Limited is regulated by New Zealand’s FSPR and is a member of FSCL, which is a third-party external dispute resolution scheme. Unlike some Forex brokers with zero regulation, Fidelis is fully regulated and provides a highly secure trading environment.
Fidelis Capital Markets Limited provides leverage at 200:1, allowing traders to potentially multiply their account size in a short amount of time with limited risk.
Fidelis Capital Markets Limited is a top-notch Forex broker with direct access to the markets, industry-leading low spreads, an array of tools and platforms, and excellent customer support, making it one of today’s leading online Forex brokers.