FidelityGain Review: FidelityGain.com Crude Forex Scam
FidelityGain (Fidelitygain.com) is another Crypto Currency and Forex online scam to hit the trading world. Fidelity Gain is purporting to offer an award winning trading platform that deals with Bitcoin. What we have a problem with is their website which seems not to be functioning properly. Members have already started coming out with complaints of having their funds mismanaged. Read this genuine and honest FIDELITYGAIN Review and get the truth.
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FidelityGain Review
It is imperative that newbies get to know what a broker is up to before committing themselves to them. Newbies should make sure they have conducted a thorough research regarding the type of broker to use. FidelityGain is certainly one of those brokers to avoid as they have a bad online reputation. Reviews are flooded with negative comments from members who lost funds with this platform. Want to know the whole story? Read this entire dossier and find out some of the tricks used by online scam artists.
After receiving some touching emails from victims of this scam, we decided to investigate. What looks like a genuine trading platform is nothing but a shoddy platform out to steal from members. Dealing with such platforms is not advisable and traders should shun such brokers. Ensure you keep your trading strictly to approved and recommended online platforms. What you need is a broker who will keep your assets safe at all times. It is time to expose Fidelity Gain for their scandalous platform.
About FidelityGain
Not much is known about this platform apart from the fact that it is scamming anyone who signs up. Details are clear we are dealing with another anonymous online platform. For all we know, this could be brokers based offshore who are stealing from European investors. A closer look at their website suggests the platform is based in the UK. Scam artists will do or say anything to make sure their platforms appear legit and true. To find out the tricks used, you need to go over this entire review.
Anonymity is what makes scammers get away with stealing from unsuspecting investors. Looking closely at their entire website, there is not a single mention of an actual name. Who are the founding members of this platform? Why can’t we get the names of people who are actually running the show? Without having their actual names, it is clear the website is run by ghost workers. Traders are blindly depositing their hard earned funds to an unknown online entity.
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Is FidelityGain licensed or registered?
Another shocking detail we must expose is in regards to their license credentials. It turns out FidelityGain is operating without a valid trading license. Since they claim to be located in the UK, they must have some form or licensing right? To try and confirm their license status, we reached out to the FCA to know the truth. Results show that no broker is licensed under the Fidelity Gain’s name. What this means is we are dealing with an illicit broker with no authority to conduct Forex business.
Looking closely at their website, you can see the platform does not post any license credentials. You would expect a broker to post their license and registration number at the footer of their homepage. FidelityGain is not doing so which means they are hiding something. We know they don’t want newbies to learn that the platform is a scam. This is why they have failed to post any copies of their license certificates and documents. Proof we are dealing with a slimy online scam artist.
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Advantages of FidelityGain
We could not come up with any advantage of trading with an illicit platform. Stay away from brokers who have no trading license and have negative reviews on them. Such platforms will make you lose money and there is no way to recovery. These scam artists are using anonymity as their shield as we don’t know their actual location. Be on the lookout for platforms which share similar characteristics.
Disadvantages of FidelityGain
Accounts Offered
FidelityGain is furnishing traders with three different account types to choose from. Accounts are listed as Starter, Premium, and Executive. What we noticed odd with these accounts is that they offer a so-called automated weekly payout of 5% and 20%. Depending on the account type, users also get a referral bonus which is a trap. Another disturbing feature with their accounts is the high minimum deposit. To start trading with the basic account, traders have to part with $500.
Fake awards
The platform boasts of having numerous awards such as Forex Report Award 2016 and China Forex award. Problem with this statement is that the awards are fake and hold no bearing. If you look closely at the website, these are simply logos of awards. Why have they failed to post pictures of their officials receiving these awards? Awards should have their names engraved in them which is not the case. As we always say, scam artists will say anything to make their platforms appear legit.
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No Demo Account
Another shocking feature with FidelityGain is lack of a demo account. Stay away from any platform which doesn’t give users a chance to test how their platform works. Users are signing up blindly not knowing what to expect. It is best to be cautious at all times.
Web based platform
The platform is offering users a web based platform which is unstable and totally unsafe. Without proper security features, hackers can easily take over this platform. Lack of DDoS protection and SSL encryption is a huge risk with this platform. Mobile compatibility is also an issue as the platform is slow. Your information is at risk of being used by scam artists such as credit card details to apply for loans. Ensure you stay away from this platform or become their next potential victim.
Are funds safe with FidelityGain?
How can funds be safe with a platform which has a bad online reputation? Segregation of accounts is also an issue which we must raise. Pooling of funds in one account is strictly forbidden and FidelityGain is actively pursuing. No member should expect any compensation as the platform does not participate in a compensatory scheme.
Is FidelityGain a scam?
Clear evidence is showing we are dealing with an illicit online trading platform. Smart investors should stay away as FidelityGain is a scam. Mark all their emails as spam and never click on any links sent by their email marketing team. Warn your family and friends from joining any of their affiliate programs. Stay away from this platform and choose platforms which come highly recommended by expert traders.
Final thought
We will be adding this platform to our scam blacklist and making sure our readers stay informed.
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Wishing all investors a happy and prosperous trading experience.