fdglobalfx is a Contract for Difference (CFD) broker, with its official website domain registered on July 24, 2024. It primarily offers trading services in financial derivatives such as forex, precious metals, crude oil, indices, and cryptocurrencies to both retail and institutional clients. This broker does not provide services to jurisdictions where it may violate local laws or regulations.
Company Registration Information and Regulatory Status
Public information on the fdglobalfx official website shows that it operates under the trade name "Fidelity", with its headquarters in London, United Kingdom. It is listed as one of the top 50 financial services companies in the UK. However, the broker has not disclosed detailed company registration information or relevant regulatory information on its website.
Upon investigation, while both the UK Companies House and the Financial Conduct Authority (FCA) list companies with names closely resembling that of this broker, fdglobalfx has not published its full company name or corresponding registration number on its website, making it impossible to verify the authenticity of its corporate entity.
Moreover, fdglobalfx is using the trade name and logo of the well-known American financial company "Fidelity Investments", when in reality, it is a fraudulent broker site with neither a legitimate corporate entity nor any regulatory oversight.
Additionally, the website design and content of fdglobalfx are strikingly similar to those of other scam broker sites such as stockfxmarkets.com, Gold Harbor Finance, trustwalletltd.com, prudential-ltd.com, fxdecodefxs, and ogm-fx.
Trading Instruments
fdglobalfx offers trading in various financial derivative instruments including forex, precious metals, crude oil, indices, and cryptocurrencies.
- Forex: Offers dozens of major forex pairs including EUR/USD, USD/CAD, GBP/USD, USD/JPY, and more.
- Precious Metals: Provides spot trading in multiple metals: Gold (XAUUSD), Silver (XAGUSD).
- Crude Oil: Offers trading in US Crude Oil (UsOIL).
- Indices: Includes Nikkei Index (N225), German Index (GER30), S&P 500 Index (US500).
- Cryptocurrencies: Offers trading in numerous major digital currency pairs including Bitcoin (BTC/USD), Ethereum (ETH/USD), Ripple (XRP/USD), and more.
Account Opening Process
To open an account with fdglobalfx, visit the broker's official website and click "Open Account" at the top right corner to access the registration page. Enter your email and set a login password. Verify your email by entering the received code into the account application form and submitting it. Once submitted, the account will be successfully registered. After logging in, you must complete full KYC verification before you can deposit funds and begin trading.
Trading Account Information
The fdglobalfx website only discloses information on spreads, trading leverage, and contract size. However, details on account types, trading commissions, minimum/maximum trade sizes, maximum position/order volume, margin call/stop-out levels, and minimum price increments are not provided.
- Base Currency: USD
- Spread: Floating, starting from 1 pip
- Leverage: 1:100
- Contract Size: 1 lot = 100,000 units of currency
Trading Platform
The fdglobalfx website claims to offer the ST5 trading platform, available for both desktop and mobile devices. The platform is said to feature over 50 technical indicators and intraday analysis tools, along with advanced functionalities for seasoned traders. In reality, however, the design and functionality of ST5 are quite rudimentary, typically used by fraudulent brokers.
Deposits and Withdrawals
fdglobalfx does not explicitly disclose the supported deposit and withdrawal methods, fees, or minimum deposit and withdrawal amounts on its website.
Conclusion
Traderknows reminds investors that fdglobalfx is a scam website that deliberately conceals company registration and regulatory information, and fraudulently uses the name and logo of the well-known American financial company "Fidelity Investments." The only contact method provided is through email. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as "Suspected Fraud" on Traderknows.
