Regulation FSPR
Accepts US Clients: No
Min. Deposit: $200
Leverage: $200
Platforms: cTrader , Metatrader Mutiterminal , MT4 , MT5(Beta)

Broker Overview

Company Information

Broker’s Name Fidelis Capital Markets Limited
Website www.fideliscm.com
Headquartered in Auckland, New Zealand
Founded in 2011
Regulating Authority FSPR
US Clients Accepted  ForexTradingTime.com_ Forex Brokers List & Reviews
Telephone Number +55 21 3958 0560
Fax Number
E-mail Address support@fideliscm.com,

Account Options

Type of Broker ECN , No dealing desk , STP , DMA
Commission Yes
Mini Account  ForexTradingTime.com_ Forex Brokers List & Reviews
VIP Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Segregated Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Islamic Account (Swap Free)  ForexTradingTime.com_ Forex Brokers List & Reviews
Demo Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Institutional Accounts  ForexTradingTime.com_ Forex Brokers List & Reviews
Managed Accounts  ForexTradingTime.com_ Forex Brokers List & Reviews
Maximum Leverage $200
Minimum Deposit $200
Deposit Options Bank Wire Transfer , Credit Card
Withdrawal Options Bank Wire T

Bonus & Rewards

No Deposit Bonus ForexTradingTime.com_ Forex Brokers List & Reviews
Bonus for First Deposit  ForexTradingTime.com_ Forex Brokers List & Reviews
Is the Bonus Based on the Volume of the Transaction? ForexTradingTime.com_ Forex Brokers List & Reviews
Other Bonuses ForexTradingTime.com_ Forex Brokers List & Reviews

Trading Platform

Platform Type cTrader, Metatrader Mutiterminal, MT4, MT5(Beta)
Platform Languages Multi-lingual
OS Compatibility iOS , Windows , Android
Streaming News Feed  Yes
Trading Signals  Yes
Automated Trading Yes
Trade From Charts  Yes
Market Commentary  ForexTradingTime.com_ Forex Brokers List & Reviews
E-mail Alerts Yes
Mobile Alerts  No
Scalping Yes
Hedging  Yes
Trailing Stops  Yes
Guaranteed Stop Loss  No
Guaranteed Limit Orders  No
Guaranteed Fills No
Interest on Margin  No
One-Click Execution  Yes
OCO Orders Yes

Customer Service

Customer Support Languages English
Customer Service Hours 24h
Place Trades Over the Phone?  ForexTradingTime.com_ Forex Brokers List & Reviews

Fidelis Capital Markets - Review

FidelisCM Review


Fidelis Capital Markets Limited, a New Zealand based company, is one of the few leading online forex brokers that maintain a presence in major financial centers around the world. Equipped with the latest technology, Fidelis Capital Markets is able to give their clients a true ECN trading environment and unbridled access to the Forex market 24 hours a day. In addition, Fidelis Capital Markets is also a member of Financial Services Complaints Limited, an independent party that act as an External Dispute Resolution (EDR) scheme for participating members and their clients.

Backed by a team of experienced individuals in the field of finance and technology, Fidelis Capital Markets aim to deliver superior service to all their clients.

Intro

Trading Platforms


Catering to all level of clients, Fidelis Capital Markets offers six (6) types of trading platforms for a hassle free trading experience.

  • cTrader
  • cTrader Web
  • cTrader Mobile Web
  • Fidelis Meta Trader 4
  • MetaTrader Multiterminal
  • MetaTrader 5 Beta

 

cTrader Based Platform

Powered by FIX Protocol, cTrader offers a fast and efficient execution of orders. The cTrader trading platform also supports scalping ensuring traders gets the best possible deal. The trading platform is available in three (3) versions:

  • Desktop Application
  • Mobile Version
  • Web Based Version
cTrader-645x450

MetaTrader Trading Platform


Fidelis Capital Markets also provided their clients with access to the forex industry leading trading platform, the MetaTrader. With trading platform unique array of tools, traders will have no difficulty in accessing information to help them make a proper analysis of their trading strategies. The MetaTrader based trading platform is also available in three (3) versions:

  • MetaTrader 4
  • MetaTrader Multiterminal
  • MetaTrader 5 Beta
MT4

Types of Trading Accounts


 

 

The two (2) main types of trading accounts offered by Fidelis Capital Market only differs in the way the clients are charged for services provided by the company. They comprises of:

  • Spread Accounts
  • Commission Accounts

 

Both types of trading account require a minimum initial deposit of $200 to open. Apart from the above, traders also have access to a Demo account that provide them with full capability of the trading platform and access to live market feeds.

Spread and Commission

The spread and commission charged by Fidelis Capital Markets depend on the type of trading account.

Spread Trading Account

Dealing only with the top tier banks and market liquidity providers, Fidelis Capital Markets claims to offer one of the best spread available to their clients. The prices are obtained from their liquidity providers and streamed on a “best bid – best offered” basis.

Commission Account

Recognizing that transaction charges forms the largest cost factor in any trading activities, Fidelies only charge a $3 commission for each trade made with this type of account. The commission is charged on top of the raw ECN spreads that traders obtained from the market (raw ECN spreads starts from 0.1 pips).

Customer Support

Fidelis Capital Markets take its customer support services very seriously. You can tell this from the fact that their website is available in over 60 languages! In addition, the broker maintain a physical presence in several locations each with a local number for clients to call at:

  • Australia (+61 3 8400 4487)
  • Bahrain (+973 1619 8775)
  • Brazil (+55 21 3958 0560)
  • New Zealand (+64 9442 7388)
  • South Africa (+27 21300 2123)
  • United Kingdom (+44 120 223 2844)

 

Apart from the phone, customer support is also reachable through:

 

Reliability

Ensuring that their clients’ trading account integrity is not compromised, Fidelis Capital Markets encrypt their trading data traffic with a 128bit encryption key. IP addresses are also masked to ensure that a transaction remain secured.

With regards to their handling of funds, the broker only provides 2 methods of depositing and withdrawal of funds:

  • Bank Wire Transfer
  • Major Credit/Debit Cards

 

Pros

Dealing with Fidelis Capital Markets definitely has some major advantages. These include:

  • Access to major technical trading tools
  • Competitive Spreads
  • EAs and Scalping Allowed
  • Instant Trade Execution
  • Maximum Leverage at 200:1
  • No Dealing Desk
  • No Price Manipulation
  • No Requotes

 

Cons

There is small risk of a trading account reaching a negative balance as there is no automatic mechanism to close an adverse market position.

Conclusion

Although New Zealand is not a major financial center, it still qualified as a well developed economy with a high standard accountability. This can be seen with how the New Zealand Government tries to assist both clients and financial services providers resolve their disputes with the EDR scheme. Overall, this broker is bona-fide and worth checking out if you are in the market for a Forex broker.

 

1 Comment

  1. Ilias says:

    Its a good broker despite the fact they lack professionalism.

     

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