A Swiss office, nice statements about reliability, and promises of favorable conditions — all of this sounds appealing, but why is there no regulation? Fidelis Reservo only seems like a safe broker on paper, but in reality, it is most likely just another scam waiting for a victim to deposit money. Read our review to find out why trading here is not a good idea.
As always, let’s start by reviewing Fidelis Reservo’s official website. Immediately, we can note several serious shortcomings.
The texts are often overloaded with abstract phrases and slogans that fail to provide a clear understanding of the specific services or advantages the platform offers. For example, phrases like “we are revolutionizing the financial landscape” or “you deserve financial freedom” sound grand, but they lack the substance that would help users make a decision about partnering with the company. This doesn’t add value, especially for those looking for a quick explanation of how the platform works and what specific services it provides.
Fidelis Reservo does not disclose any licenses, nor do they mention if they even have them. Additionally, there’s no information about their operational history or many other aspects of their activities. In fact, it takes a lot of time to read all the content available on the website. Traders are made to waste time studying useless information, receiving nothing in return.
At the top, there’s the standard menu, but there’s no button to switch languages. It seems that only English is supported. The images were taken from the internet with a simple Google search. These are not unique images.
Fidelis Reservo tried to create a high-quality and attractive official website, but they failed. Instead, we’re presented with something resembling a book without a plot. You can spend a lot of time studying it, but still not get answers to important questions.
The broker provided several email addresses for different types of inquiries: technical support, legal questions, and the financial department. Additionally, Fidelis Reservo listed five phone numbers: Australia, the United Kingdom, Switzerland, the Netherlands, and Canada. Interestingly, no addresses are listed apart from the Swiss office.
There are also no other ways to communicate with a manager that would offer advantages over phone and email. An online chat is a convenient tool for urgent questions and quick problem resolution, but it is absent on the Fidelis Reservo website. There are also no messengers or social media accounts.
To begin trading, traders are required to deposit a significant amount — at least $5,000. This deposit is necessary to activate the first type of account. There are a total of five account types, and the better the plan, the more money is required. In this way, Fidelis Reservo lures clients into depositing as much as possible.
The type of account affects many terms and conditions:
Furthermore, the company promises additional services. The logic here is the same: the better the account type, the more privileges. Personal managers, market insights, account protection, and others. These services are used to attract clients, but in reality, they are simply marketing tricks.
The commissions are very high. Traders will also have to pay a spread. Compared to other, more well-known firms, trading with Fidelis Reservo is simply not profitable. The commission should not exceed 0.3%, otherwise there’s no point in trading, as no profit will be made.
It’s unclear how the broker attempts to compete with other firms. There’s a huge minimum deposit, but no guarantees. The business model is 100% B-Book, meaning users’ trades are not passed on to the interbank market or liquidity providers. The leverage is very low, but this is actually a plus. However, bonuses up to 75% are a clear sign of a questionable platform.
So, we’ve established that dealing with this platform is not beneficial. Now, we need to determine if it’s safe to store a deposit here. Any forex broker is required to obtain a license, but the company in question says nothing about regulation. This in itself is already a red flag. If the company truly held licenses, it would display them on the homepage: the number, a link to the regulator’s register, and details.
According to the official website, their headquarters are in Switzerland. Therefore, the company should have obtained a license from FINMA. However, it has not done so. There is no Fidelis Reservo listed in the FINMA register. This is because such an organization simply does not exist in Switzerland. The address the scammers provide is fake. A check of legal entities confirms this.
So, it turns out that the company is not officially registered and has no licenses. All the facts and statements are just fake, and they cannot be trusted.
Moreover, the platform lacks solid operational experience. Since there is no registered legal entity, we cannot look up the actual founding date in the registry. However, there is another way to find out how long the company has been in the market. Let’s check the domain of the official website, fidelisreservo.net, to see when it was launched. So, the scammers acquired the domain on August 8, 2024, which is less than a year ago.
Fake positive reviews are a clear red flag for any broker, and in the case of Fidelis Reservo, this is especially noticeable. The comments read like paid content, with generic phrases like “withdrawals are fast” or “spreads are low”, but without any specifics. Real traders usually share details about their trading experiences, but such reviews provide no clarity about the actual experience.
There are many advantages and flashy words, but no guarantees of reliability. Fidelis Reservo is a classic example of an illegal and fraudulent broker that has only created the illusion of seriousness and safety, while in reality, it lures inexperienced traders in to steal their funds.
Helen always knew that her passion for journalism was more than just a hobby. It was a potential career. She began her professional journey at a local newspaper in the small town where she was born. Writing on a variety of topics, from local news to financial reviews, her persistence and investigative talent soon caught the attention of editors at larger publications. We are thrilled that Helen accepted our offer and now writes for fincapital-reviews. Her exposés always create a buzz. Sometimes, we think Helen could easily open her own detective agency.
A scam. They begin by asking for US$200 deposit. The first trade is successful and they even insist on allowing you to withdraw the profit from that first trade to prove that it’s legit ($12 in my case). Then the traders begin to put pressure on you to invest more. They keep changing traders every few days, all of them with western-sounding names (Alex, Oscar, Monica, Alex, Christian) and they keep asking the same questions. My suspicions were aroused when the first withdrawal into my bank account had “Living Room of Roshi” as the description. It was clearly not a legitimate investment company. When I repeatedly asked to withdraw my funds, I kept getting told that it was going to happen the next day but it never happened of course. The system would send an email confirmation of withdrawal but it was never honoured. They also told me that I had to keep a minimum $100 to keep the account open (this amount kept changing, depending on the trader I spoke to). When I tried to close the account and withdraw my funds, they just stopped calling or responding to emails which was in stark contrast to when they were trying to get me to deposit more funds (they would call upto 5 times each day). For the sheer principle of it, I will report them to the Federal Police’s scam helpline and to ASIC Scam Watch and to my bank. Do not believe them – they are very persuasive at the start but when you ask awkward questions about why the deposit name is Living Room of Roshi, they realise that you are on to them and they stop communicating. The trading platform may look professional but it’s just designed to keep you hooked.
These are scammers! 100%, guaranteed. I laugh when I read fake reviews about Fidelis Reservo. In the comments, they claim it’s a MetaTrader 5 platform – THIS IS COMPLETE NONSENSE! There is no MT5 here and never has been. In short, this is a fake broker and an outright scam. Don’t even think about investing money here. I’m sure you won’t get anything back!
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