There are many brokerage companies out there that offer amazing services and trading platforms to their clients. But not every brokerage company is trustworthy. Fidelity-amm.net, a commonly known broker that promises to provide top-notch trading services, is one such company that has been accused of being a scam. In this article, we’ll look into Fidelity-amm.net’s background, services, and regulation status to give you a clear idea of whether or not you should trust this company with your investments.
Company Overview
| Broker Name | Fidelity Amm |
| Website | https://fidelity-amm.net |
| Location | United Kingdom |
| Regulation | Not regulated |
| Traders’ review | Negative |
Team
There is no clear mention of the team that works at Fidelity-amm.net on their website. They fail to provide any details about the educational background and experience of the team members. This is a major red flag, and traders should be wary of investing with a broker whose team members are not transparently mentioned on their website.
Services and Products
Fidelity-amm.net offers trading services for forex, indices, commodities, stocks, and cryptocurrencies. They also provide various account types, including basic, silver, gold, and platinum. These accounts differ in their minimum deposit amount, spreads, and leverage ratio. Despite their claims of exceptional services, there is no clear evidence of the quality of their services and products.
Trading Platform
The company does not have its own proprietary trading platform but offers the popular MT4 trading platform. MT4 may be a reliable and popular platform, but the lack of a proprietary trading platform means that Fidelity-amm.net may not offer any unique value to its clients.
License and Regulation
License Status
While Fidelity-amm.net claims to be a regulated broker, we found no evidence of it being licensed by a reputable regulatory authority. This means that they are operating illegally and are not subject to any regulatory oversight.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Regulation Status
Check for the credibility and validity of a company’s regulation status before investing any money in them. Fidelity-amm.net falsely claims to be regulated by FCA, which is not true at all. Even though they may provide their address in the UK, they are not authorized to offer any financial services.
Why Should Not You Trust An Unlicensed Broker?
Trusting an unlicensed broker can result in investors losing their hard-earned capital. An unlicensed broker is not bound by any laws, guidelines, or regulatory authorities. They can manipulate the market, withhold information, and act unethically without any repercussions. An unregulated broker increases the risks of losing the invested capital, as there is no way to guarantee that the funds invested are safe and secure.
Legal Warnings Against Fidelity-amm.net
Several regulatory authorities, including the FCA, have issued warnings against Fidelity-amm.net. FCA has warned that the company is offering financial services without proper authorization. Other regulatory authorities like ESMA, CNMV, and CONSOB have also issued warnings against this broker. Investors should heed these warnings and avoid investing with Fidelity-amm.net.
Client Feedback About Fidelity-amm.net
About Their Trading
There have also been reports of traders being consistently manipulated and cheated in their trading activities with Fidelity-amm.net. Some traders have reported that the company manipulates prices, leading to substantial losses on their trades. Additionally, traders have noted that quotes and spreads are not consistent, which affects their trading positions.
About Their Customer Service
Customers have noted that Fidelity-amm.net’s customer service is slow to respond and not particularly helpful. The company’s website does not provide any direct phone contact or email address, and the live chat feature may not always be available. Overall, the lack of transparency and poor communication with customers is a major red flag.
How Can Reviewsadvice Help You If You Get Scammed?
If you have been scammed by Fidelity-amm.net, submit your case to us. We will provide you with a free consultation and service recommendations to help you in recovering the money.
Final Thought
Fidelity-amm.net is a trading company that has been accused of being a scam by several regulatory authorities and clients. As we have seen, Fidelity-amm.net is unregulated and not authorized to provide financial services. Therefore, investors should be wary of investing in this company. It is essential to check the credibility and validation of an online brokerage company before investing any funds to avoid losing your capital.
