
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
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.
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

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

BrokersView found that the domain "https://www.fidelitycfd.com/;https://wt.fidelitycfd.com/" are currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

BrokersView found that the domain "https://www.fidelitycfd.com/;https://wt.fidelitycfd.com/" are currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
