Beware! FidelitySignals.com is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
At times we come across brokers that we have no clue how they survived for so long. Today’s one is an example of this. FidelitySignals.com is a barely functioning website, half of which is broken, while the other is hanging on a thread. It’s a completely broken and fully uninformative scammer brokerage site that is and should be dismissed the moment anyone steps into it. There is nothing here for users and clients. So make sure to read the review to find out what went wrong.
We were able to registered withing seconds, and thankfully we could do so because if we had to rely on the site we would be completely lost, for there is close to no useful information on it. But even then, we were faced with an existential situation- there was no trading software in sight, and the user area as a whole was very unattractive and scammer. Without a platform, there is no way to trade with assets, no applicable spreads or leverages.
FIDELITYSIGNALS.COM REGULATION AND SAFETY OF FUNDS
After spending some time with the website we can tell you for sure that there is absolutely nothing on the website that can help us in terms of legal details.
There is no legal information, no addresses, no nothing. Moreover, there are no legal documents to be seen which also means that the user is not protected in any way against attacks form the broker. And not to mention that FidelitySignals.com can do as it pleases.
Add to that the fact that the website is broken to its core, and what you have is an unregulated broker, a scam, and a completely anonymous one. That last part makes the whole ordeal more dangerous than you might have expected at first since anonymous brokers are all untraceable, meaning that any invested capital will not be able to be traced. Think about that; all investments will be lost, and the user will also be left at the mercy of the firm.
If you are investing in an unregulated broker better not invest at all; at least in the latter occasion you will not be ensnared in an investment scam that will not only take your money but will greatly waste your time and energy. Better yet, if you have the will to invest, and either are skilled at it or want to expand your knowledge, there is no better way to go than any of the European, UK, US, or Australian brokers we have compiled for you. These are all regulated, and so are up to industry standards, but are also limited in the amount of freedom they can have by some of the top regulators!
FIDELITYSIGNALS.COM TRADING SOFTWARE
As we revealed, there is no trading software used by FidelitySignals.com. And even if there was it would have not been one to write home about; it rarely is the case where a scammer broker includes a decent trading platform.
A classic move was pulled here. The uses area includes a collection of third part charts that it hopes can replace the lack of a trading software visually. Well, we are her to say that this will never happen; these charts a completely useless.
Furthermore, the client portal also offers a very fake copy trading area, and a shady NFT store that does nothing. Just empty filler content.
FIDELITYSIGNALS.COM DEPOSIT/WITHDRAW METHODS AND FEES
From the user area we learn that the available payment methods are Skrill, Perfect Money, wire transfer, credit cards, debit cards, and 4 crypto wallets. The inclusion of these payment methods is the biggest of all surprises, and the highlight of the broker. But still, all deposits will be lost without exception. Even more so when considering that there is no minimum deposit requirement, where the client can invest as low as $1 and still proceed to checkout. However, here the client never deposits directly but sends a deposit request which seems like it should be approved by the broker.
The withdrawal area on the other hand gives only a wire transfer method and a crypto wallet. This goes against the essential anti money laundering rules, governing that all deposits and withdrawals have to be made through the same payment gateways.
There are no further details on payment methods. No fees have been mentioned which does not actually exclude the possibility of FidelitySignals.com applying them. Another reason not to invest in this scammer broker.
HOW DOES THE SCAM WORK
Scams have surprisingly little evolved over the past decades since their inception. It’s basically the same principle being rendered through different sites and by a plethora of different agents.
The core remains the same. The broker tries to grab the client’s attention either by advertising false profit gains, or by directly contacting the user, who is the vastness of the internet let his guard down at some point and either provided an email or a phone number to some now forgotten source.
Should the user get contacted (or fall for the ads) he or she will be shown to the website of the investment fraud and promptly be pushed to invest, either by sweet talking representatives of the scam, or by the account manager which is also the one that keeps the whole thing in check.
The ultimate goal is to compel the user to invest once, and after that the trap is fully shut. The client already lost money, and any further investments are a bonus to the broker. All withdrawals will not be available, and even if the broker seems to be keeping a straight face, it’s all part of the scheme.
Sometimes the users will get a small teasing taste of profit, just so they are motivated to invest more. But after that one time is when most clients realize that something is wrong.
WHAT TO DO IF SCAMMED
The best thing to do is to file for a charge back with your credit or debit card provider, provided that you had previously invested via them. MasterCard and VISA have a chargeback period of 540 days, so its relatively easy to get reimbursed, and that’s why fewer and fewer scammer brokers are offering card payments.
An easier way to lose money is through wire investments. The only advise we can give you is to contact the bank as soon as the money has been lost (or when you realize you have been played). That and to change your bank account password and user name!
We come to the favorite investment methods of unlicensed brokers – crypto wallets. These are untraceable, and thus once a payment goes through it’s finished! There is no real way of getting one’s money back.
Also do not trust recovery agent or agencies promising to get your money back. These will fee you a hefty sum in return for their services, but as soon as you pay them they will disappear!