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Fidelis Capital Markets Discussion

  • #1
  • First Post: May 6, 2013 3:06pm May 6, 2013 3:06pm
Has anyone heard of Fidelis Capital Markets or actually open an account with this broker. Would like to get your feedback. Its a New Zealand broker and they offer an ECN environment.
  • #2
  • May 6, 2013 5:31pm May 6, 2013 5:31pm
Quoting tony_montana
Has anyone heard of Fidelis Capital Markets or actually open an account with this broker. Would like to get your feedback. Its a New Zealand broker and they offer an ECN environment.
Its all about regulated markets and capital preservation these days.

Doesnt matter how much money you make you have to answer the question "will they let me take the money out?"

If in doubt STAY OUT
  • #3
  • May 6, 2013 6:00pm May 6, 2013 6:00pm
Well they are registered with Financial Service Providers Register (FSPR) and also are members Financial Service Complaints Limited (FSCL). Do you think there will be issues with withdrawing your funds? They seem to have lower spreads compared to a quite a few brokers, so thought they could be a good option, considering that most brokers are market makers.
  • #4
  • May 6, 2013 7:25pm May 6, 2013 7:25pm
conditions look very similar to ICMarkets with a $7 round lot commission and $200 deposit. however, leverage only goes up to 200:1. as for the spreads, eurusd spread is at 0.4 pips when i checked, but not sure how high it really goes. someone should really test out their support and see how quickly they respond to the emails sent to them and also see how well they address client concerns through live chat.
  • #5
  • May 6, 2013 7:30pm May 6, 2013 7:30pm
Quoting tony_montana
Well they are registered with Financial Service Providers Register (FSPR) and also are members Financial Service Complaints Limited (FSCL). Do you think there will be issues with withdrawing your funds? They seem to have lower spreads compared to a quite a few brokers, so thought they could be a good option, considering that most brokers are market makers.
I would question their systems and support.

How many staff?
Who are their Liquidity providers? If not who are they whitelabeling?
Who is their prime broker?

If they cant answer positively any of these questions then I would be suspicious.
  • #6
  • May 6, 2013 8:00pm May 6, 2013 8:00pm
Well on their website have named about 11 bank such as Citi, Barclay, Deutsche Bank etc.

In your opinion how many staff would be employed for a successful broker?

Also, in case they are whitelabeling anyone. Wouldn't it make sense to seek out the Prime Broker and have an account opened up with them instead?
  • #7
  • Last Post: May 6, 2013 9:33pm May 6, 2013 9:33pm
Quoting tony_montana
Well on their website have named about 11 bank such as Citi, Barclay, Deutsche Bank etc. In your opinion how many staff would be employed for a successful broker? Also, in case they are whitelabeling anyone. Wouldn't it make sense to seek out the Prime Broker and have an account opened up with them instead?
ASk them who their aggregator is for the banks

Well you want 24/5 service which includes admin, IT, trading, customer service,sales - minimum 12 staff

No unless you have millions a prime broker wont touch you .
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