Analyzing Fidelis Capital Markets (FidelisCM), based on the provided official website (https://www.fideliscm.com/) and various aspects such as online complaints, risk assessment, website security, WHOIS lookup, IP and hosting analysis, social media presence, red flags, regulatory status, user precautions, and potential brand confusion, reveals significant concerns. Below is a detailed breakdown of the analysis, incorporating available information and critical evaluation.
Forex Peace Army (FPA): Multiple user reviews on FPA indicate severe issues with FidelisCM. Complaints include:
Non-processed withdrawals for over six months, with users reporting delays and unresponsiveness from account managers. One user claimed a loss of over 80 lakh INR (approximately $95,000 USD) and labeled FidelisCM a “big fraud company.” Another reported a blocked MT5 account after a profitable trade, with a denied withdrawal request for $25,000 USD.
Users noted that the company claimed to be “merging” or “migrating,” but no progress was made on withdrawal requests, and communication ceased.
Trustpilot: FidelisCM has a limited number of reviews (12 contributors), with no specific TrustScore provided in the data. The lack of substantial reviews could indicate low user engagement or selective review management, but it does not provide enough data to assess sentiment definitively.
Other Platforms: Revieweek.com notes no user reviews for FidelisCM, which is unusual for a brokerage claiming to be established. This absence could suggest either a lack of user base or suppressed feedback.
Nature of Complaints:
Common themes include withdrawal issues, unresponsiveness, account blocking after profitable trades, and unexpected charges (e.g., swap fees applied without prior notice).
Allegations of fraud are prominent, with users warning against investing due to significant financial losses and lack of recourse.
Red Flags:
Consistent reports of withdrawal delays or denials are a major concern, as this is a hallmark of potentially fraudulent brokers.
Claims of the company being “out of business” or having a non-existent office at the provided Bangalore address raise doubts about operational legitimacy.
Trust Rating: Scamanalyze.com assigns FidelisCM “No Rating Reputation” and notes it “Looks Like a New Website.” It ranks #665,627 globally and #72,829 in India, indicating low traffic and limited online presence, which is concerning for a purportedly established forex broker.
User Feedback: The severity of complaints, particularly financial losses and lack of response, suggests a high-risk broker. The absence of positive user feedback on reputable platforms further elevates the risk.
Operational Transparency: Reports of a non-existent office and unverified claims of company mergers indicate a lack of transparency, increasing perceived risk.
Overall Risk Level: High. The combination of withdrawal issues, fraud allegations, and lack of verifiable operational details points to significant risks for users.
The website (https://www.fideliscm.com/) uses HTTPS, indicating an SSL/TLS certificate, which is standard for securing data transmission. Scamanalyze.com confirms a valid HTTPS certificate and labels the site’s Safe Browsing status as “Safe.”
However, a valid SSL certificate only ensures encrypted communication, not the legitimacy of the business.
Security Headers and Practices:
No specific data is available on advanced security headers (e.g., Content Security Policy, X-Frame-Options) or vulnerability scanning results for fideliscm.com.
The website reportedly went offline or displayed as “down” at some point, as noted on FPA, which could indicate poor maintenance or intentional suspension.
Red Flags:
A website outage for a financial broker is highly unusual and suggests operational instability or potential abandonment.
Lack of transparency about security practices (e.g., no visible Responsible Disclosure Policy or security certifications) is concerning for a financial platform.
Specific WHOIS data for fideliscm.com is not provided in the references, but Scamanalyze.com notes it as a relatively new website with low traffic rankings.
The domain’s registration details (e.g., registrant name, creation date, registrar) are critical for assessing legitimacy. Without this, we rely on secondary indicators.
Red Flags:
If the domain was recently registered (as implied by “new website” status), it could indicate a short-lived or potentially fraudulent operation.
Lack of publicly available WHOIS data (e.g., hidden registrant details) would be a concern, as reputable brokers typically provide transparent contact information.
No specific IP address or hosting provider details are provided for fideliscm.com in the references.
Scamanalyze.com does not mention hosting-related issues, but the website’s low traffic rank suggests minimal infrastructure investment.
Red Flags:
If hosted on low-cost or shared servers, it could indicate a lack of investment in robust infrastructure, which is concerning for a financial platform handling sensitive user data.
Without IP geolocation data, we cannot confirm if the hosting aligns with the claimed operational base (e.g., Saint Vincent and the Grenadines or Bangalore).
Scamanalyze.com reports “0 social actions” on Facebook for fideliscm.com, indicating no significant presence or engagement on major social platforms (e.g., Facebook, Twitter, LinkedIn).
No mentions of official FidelisCM social media accounts (e.g., Twitter, Instagram, LinkedIn) are found in the provided data or on the website’s visible content.
Red Flags:
A legitimate forex broker typically maintains active social media profiles for customer engagement, updates, and transparency. The absence of social media presence is a significant red flag.
Lack of social media activity could indicate a low user base, deliberate avoidance of public scrutiny, or a dormant operation.
Withdrawal Issues: Repeated complaints about non-processed withdrawals and blocked accounts are critical red flags.
Unverified Office: Users reported that the Bangalore office address provided by FidelisCM does not exist, suggesting a false physical presence.
Website Downtime: Reports of the website being down indicate potential operational failure or intentional suspension.
Lack of Transparency: No clear information on company leadership, financial audits, or operational history is available, which is unusual for a regulated broker.
Low Online Presence: Low traffic rankings and minimal social media engagement suggest limited legitimacy or user trust.
Regulatory Concerns: See section below for details on questionable regulatory status.
Fraud Allegations: Direct accusations of fraud, including claims of a fraudulent owner, elevate the risk profile.
The website (https://www.fideliscm.com/) describes FidelisCM as a forex brokerage offering MetaTrader 4 and 5 platforms, with over 45 forex pairs, CFDs, commodities, indices, cryptocurrencies, and more. It claims to operate on STP and NDD principles and targets both experienced and inexperienced traders with educational materials.
The website mentions a demo account (expiring after one month) and varying minimum deposits based on account types.
Claims vs. Reality:
The claim of being a “highly recommended FX brokerage firm with a proven track record” is not supported by user reviews, which are overwhelmingly negative.
Educational materials are mentioned, but no evidence of their quality or accessibility is provided in reviews or external sources.
Red Flags:
The website’s promotional tone contrasts sharply with user experiences, suggesting possible misrepresentation.
Reports of the website being down undermine claims of operational reliability.
FidelisCM is registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines under registration No. 24163 IBC 2017.
However, the Saint Vincent and the Grenadines FSA explicitly does not issue licenses for forex trading, brokerage, or binary options trading, nor does it regulate, monitor, or supervise International Business Companies (IBCs) engaged in such activities. This means FidelisCM’s registration is essentially a business registration, not a regulatory license.
Implications:
The lack of oversight from a reputable regulatory body (e.g., FCA, ASIC, CySEC) is a major red flag. Saint Vincent and the Grenadines is known for lax regulations, often exploited by dubious brokers.
Without proper regulation, there is no guarantee of client fund protection, dispute resolution, or compliance with financial standards.
Red Flags:
Misrepresenting an IBC registration as regulatory oversight is misleading and a common tactic among unregulated brokers.
No mention of segregation of client funds or participation in compensation schemes, which are standard for regulated brokers.
To protect against potential risks when considering FidelisCM, users should:
Avoid Investment: Given the high-risk indicators (withdrawal issues, fraud allegations, lack of regulation), users should avoid depositing funds until credibility is established.
Verify Contact Details: Independently verify the company’s physical address and contact information. The reported non-existent Bangalore office is a major concern.
Check Regulatory Status: Confirm regulation with a reputable authority (e.g., FCA, ASIC) rather than relying on Saint Vincent and the Grenadines registration.
Research Reviews: Consult multiple review platforms (e.g., FPA, Trustpilot) and prioritize brokers with consistent positive feedback.
Test with Small Amounts: If engaging, start with a minimal deposit and attempt a withdrawal early to test reliability.
Avoid Sharing Sensitive Data: Be cautious about providing personal or financial information, especially if the website’s security practices are unclear.
Report Issues: If affected, file complaints with the FBI’s Internet Crime Complaint Center (IC3) or local authorities, as suggested for online scams.
Fidelis Security: A cybersecurity company (fidelissecurity.com) offering threat detection and response solutions. It is unrelated to FidelisCM but shares the “Fidelis” name, which could cause confusion. Fidelis Security is well-established, with a LinkedIn following of over 23,000 and partnerships with reputable organizations.
Fidelis Risk Advisory: A cybersecurity consulting firm (fidelisrisk.com) based in Austin, TX, focusing on risk assessments and penetration testing.
Fidelis Group: An IT solutions provider (fidelisgroup.in) offering business process and security solutions.
Fidelity: A well-known financial services firm (fidelity.com), which could be confused with FidelisCM due to similar-sounding names and financial services. Fidelity provides guidance on avoiding scams, highlighting risks like those associated with FidelisCM.
Risks of Confusion:
FidelisCM may exploit the “Fidelis” or similar names to appear legitimate by association with reputable firms like Fidelis Security or Fidelity.
Users searching for FidelisCM could mistakenly engage with unrelated companies, or vice versa, leading to misplaced trust or missed red flags.
The lack of a strong, distinct brand identity for FidelisCM (e.g., minimal social media, low traffic) exacerbates the risk of confusion.
Red Flags:
Using a name similar to established firms without clear differentiation is a potential tactic to mislead users.
No evidence of FidelisCM addressing or clarifying potential brand confusion, which a legitimate broker would typically do.
The website’s claim of being a “highly recommended” broker is directly contradicted by user complaints and fraud allegations.
The Saint Vincent and the Grenadines registration is misrepresented as regulatory oversight, a common tactic among questionable brokers.
Lack of Accountability:
No verifiable leadership details, financial transparency, or response to user complaints are evident, undermining credibility.
The reported website downtime and non-existent office suggest either operational failure or intentional deception.
Comparison to Industry Standards:
Reputable brokers (e.g., regulated by FCA, ASIC) typically offer segregated accounts, transparent fee structures, and active customer support. FidelisCM lacks these hallmarks.
The absence of social media engagement and limited online presence is inconsistent with established forex brokers, which rely on visibility to build trust.
Based on the analysis, Fidelis Capital Markets (FidelisCM) presents a high-risk profile for potential users. Key concerns include:
Severe Complaints: Widespread reports of withdrawal issues, account blocking, and significant financial losses, with allegations of fraud.
Questionable Regulatory Status: Registered in Saint Vincent and the Grenadines with no actual regulatory oversight, a major red flag.
Operational Red Flags: Non-existent office, website downtime, and lack of transparency about operations.
Minimal Online Presence: No social media activity and low traffic rankings suggest limited legitimacy or user trust.
Brand Confusion: Potential to be mistaken for reputable firms like Fidelis Security or Fidelity, which could mislead users.Recommendation: Avoid engaging with FidelisCM due to the high likelihood of financial risk and potential fraud. Users should prioritize brokers with verifiable regulation (e.g., FCA, ASIC, CySEC), transparent operations, and positive user feedback. If already affected, report issues to authorities like the FBI’s IC3.
Data Limitations: The analysis is constrained by the lack of specific WHOIS, IP, or hosting data. Further investigation into these areas could provide additional clarity.
Dynamic Nature: The website’s status (e.g., downtime) and user complaints suggest an evolving situation. Users should check for real-time updates before engaging.
Sources: All findings are based on provided references and critical evaluation. No information was invented, and contradictions in the establishment narrative (e.g., regulatory claims) were scrutinized.
If you need further details or assistance with specific aspects (e.g., verifying an address, checking recent user reviews), please let me know!
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