Survey Background 

The investigation team has received calls from investors asking for more disclosure of traders whose real office address was not in accordance with the address that regulation agency released. Given the feedback from the investors, the investigation team plans to visit Fidelis Cyprus on spot.

Building Survey

According to the regulation information, the company address of Fidelis CM in Cyprus is Omonia Avenue, Troodos Court, Suite 301, Omonoias 52A, Limassol 3052.The investigation staff visited the spot.

Guided by the regulation information,the investigation staff arrived at Omonia Avenue and saw the building of “Troodos Court”. This was the office building of Fidelis CM.

Exclusive 

Entering this building, the investigation staff haven’t found any logo of Fidelis CM on the directory.

Then, they came to the room 301, still found no company logo of Fidelis CM on the door. The investigation staff rang the doorbell,but no answering. So they suggested that Fidelis CM might have moved away already.

Conclusion 

Through this on-the-spot investigation by the survey team we concluded that Fidelis CM office in Cyprus does NOT exist.

In terms of licenses, the broker held a STP license from CySEC and a retail forex license from VFSC. Please think twice and then make choice.