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FidelityCFD

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Operating status: SCAM

Website: https://www.fidelitycfd.com/; https://wt.fidelitycfd.com/

Broker violations and abnormal records
  • 2023-08-21 The UK FCA issues a warning against FidelityCFD

    On August 22, 2023, the Financial Conduct Authority (FCA) issued a warning against FidelityCFD, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/fidelitycfd

    On August 22, 2023, the Financial Conduct Authority (FCA) issued a warning against FidelityCFD, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/fidelitycfd
  • 2023-08-22 BrokersView has reviewed that FidelityCFD is an unregulated broker

    FidelityCFD's claim concerning its regulatory status is false.

    Firstly, FidelityCFD marks itself as an established forex broker since 2015, but its domain fidelitycfd.com is newly registered in June 2023.

    Secondly, FidelityCFD claims to be the trading name of Top Markets Ltd, a company supposedly registered with the Hong Kong Securities and Exchange Commission. However, there isn't a such authority in Hong Kong and this broker is required to be licensed by Hong Kong Securities and Futures Commission (SFC). Unfortunately, we have been unable to locate any records matching Top Markets Ltd on the SFC register.

    Thirdly, FidelityCFD is allegedly domiciled in the UK. However, the UK Financial Conduct Authority (FCA) has added it to its warning list for providing financial services or products in this jurisdiction without the required authorization.

    In essence, FidelityCFD is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. 

    FidelityCFD is unequivocally a scam.

    FidelityCFD's claim concerning its regulatory status is false.Firstly, FidelityCFD marks itself as an established forex broker since 2015, but its domain fidelitycfd.com is newly registered in June 2023.Secondly, FidelityCFD claims to be the trading name of Top Markets Ltd, a company supposedly registered with the Hong Kong Securities and Exchange Commission. However, there isn't a such authority in Hong Kong and this broker is required to be licensed by Hong Kong Securities and Futures Commission (SFC). Unfortunately, we have been unable to locate any records matching Top Markets Ltd on the SFC register.Thirdly, FidelityCFD is allegedly domiciled in the UK. However, the UK Financial Conduct Authority (FCA) has added it to its warning list for providing financial services or products in this jurisdiction without the required authorization.In essence, FidelityCFD is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. FidelityCFD is unequivocally a scam.
  • 2024-02-29 The CONSOB orders the blackout of FidelityCFD's website

    On March 1st, 2024, the Italian Companies and Exchange Commission (CONSOB) ordered  FidelityCFD's website to be blacked out since it offers financial services illegally in Italy. https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-1-march-2024/718268

    On March 1st, 2024, the Italian Companies and Exchange Commission (CONSOB) ordered FidelityCFD's website to be blacked out since it offers financial services illegally in Italy. https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-1-march-2024/718268
  • 2024-04-21 The CySEC adds FidelityCFD to its warning list

    On April 22, 2024, the Cyprus Securities and Exchange Commission (CySEC) added FidelityCFD to its warning list, stating it does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities. https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=1df3a7f6-6ce5-4cc8-9369-2b22837308e5

    On April 22, 2024, the Cyprus Securities and Exchange Commission (CySEC) added FidelityCFD to its warning list, stating it does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities. https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=1df3a7f6-6ce5-4cc8-9369-2b22837308e5

Related Complaints

Q&A

Im looking for a reliable broker to invest. Is FidelityCFD good or not?

Myrna
Colombia
2023-09-21
ANSWER FidelityCFD is not a good choice for investors because it is a scam broker.FidelityCFD's regulatory status is not true. It says it has been a forex broker since 2015, but its domain "fidelitycfd.com" was first registered in June 2023. It also claims to be the trading name of Top Markets Ltd, a company supposedly registered with the Hong Kong Securities and Exchange Commission. But there is no such authority in Hong Kong and what this broker actually needs is a license from Hong Kong Securities and Futures Commission (SFC). However, we couldn't find any records matching Top Markets Ltd on the SFC register.Moreover, FidelityCFD is allegedly domiciled in the UK. However, the UK Financial Conduct Authority (FCA) has added it to its warning list for providing financial services or products in this jurisdiction without the required authorization. You can refer to here for the full FCA warning.BrokersView strongly suggests investors steer clear of FidelityCFD. It poses significant risks, such as fraud and identity theft. No rules are in place to safeguard the interests of its clients and ensure that it follows the regulatory standards. Once any violation occurs, traders engaging with the platform may not be able to retrieve their funds or get compensation from any official body. To avoid this disaster, it is advisable to choose a fully regulated broker instead.
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