WikiFX Review: Is it ok to invest in Fidelcrest?

About Fidelcrest

Founded in 2018, Fidelcrest, also called Fidelcrest Markets, is an online forex broker offering more than 1,000 trading instruments, including forex and cryptos. The physical address for this broker is Suite 305, Griffith Corporate Centre, Kingstown, St. Vincent, and the Grenadines. This broker reportedly has more than 6,000 clients from over 170 countries speculating on the markets. Saint Vincent and the Grenadines is an attractive place for financial companies to operate through an offshore company. there is no sharp regulation or overseeing of the company operation implemented. The SVG broker can run its activity and accept forex payments through credit cards but is not overseen.

Unavailable website

For unknown reasons, we cannot open this brokers website. There is no further information about who owns and runs the company.

Regulation: Is Fidelcrest legit？

This broker is not regulated by any authorities. It is risky to invest in an unregulated broker as it may take your money away fraudulently. WikiFX has given this broker a very low rating of 1.26/10.

Account Type

Fidelcrest offers 13 types of accounts, based on experience, risk, and investment. All accounts offer leverage trading up to 1:100 and access to more than 1,000 financial instruments. There are two main trading programs:

• MicroFX+: This program has smaller account sizes so its a great option to get started, test your strategy, and hone your risk management skills. The smallest account has a fee of €99 and the most expensive is €199 where you will be able to trade with up to $20,000.

• ProFX+: If you are an experienced trader with access to funds, you can use the ProFX+ accounts to invest up to $400,000. Account fees range from €349 to €1,499. You will have higher profit targets than the MicroFX+ accounts in the Challenge and Validation to demonstrate your skills, but you will also be granted access to higher profits.

Trading Platform

Fidelcrest Markets offers MT4 Trading Platform.

Deposit and Withdrawal

Deposit through this Broker can be made through, Visa, Mastercard, Wire Transfers, Bitcoin, and other Crypto.

Customer Service

You can contact Fidelcrest via email (support@fidelcrest.com), live chat, and Facebook chat. Their live chat is open 24 hours a day during the week and has an average response time of 1 minute with a 95% satisfaction rating.

Fidelcrest also lets you talk to other traders to learn their strategies. You can request an invite to the Telegram group and then contact featured traders.

Conclusion

Overall, Fidelcrest is not a good option for you to invest in as it is an unregulated broker that has a bad track record of endangering traders money. We recommend you do more research and find a better alternative before you make a decision.

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Click on Fidelcrest Markets' WikiFX page for details