Fidare Prime has been flagged by Autorité des marchés financiers for "Unregistered/Unlicensed entity offering financial products or services". Fidare Prime is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec.
Last known city: Mauritius. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: fidareprime.com.
The reporting at Fidare Prime is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Dedicated account manager|Instant funding|Customizable dashboard
Cons: Some tools only available on higher tiers
I invested $3,500 with Fidare Prime after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Autorité des marchés financiers.
Pros: Professional looking website
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
I am in a dispute with Fidare Prime over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Fast support response|Copy trading available|Personal attention
Cons: Spreads widen during volatile periods|Limited demo account features
After seeing ads for Fidare Prime online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Autorité des marchés financiers. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
I had a dispute with Fidare Prime and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Low minimum deposit|Smooth onboarding|Good mobile app
Cons: Spreads widen during volatile periods
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
Fidare Prime offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Educational resources|Economic calendar|Low minimum deposit|Responsive team
Cons: Charting tools need more indicators
Fidare Prime seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: No hidden fees|High security standards|Segregated accounts
Cons: Onboarding videos are outdated
Fidare Prime locked my account without warning and demanded documents I had already submitted. since early this year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Real-time alerts|Fast support response|Responsive team|Copy trading available
Cons: Search feature is basic|Desktop app not available on Linux