Fidelity (Imposter) has been flagged by Financial Markets Authority for "Registered/Licensed entity impersonators|Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
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
Fidelity (Imposter) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Segregated accounts|No hidden fees|Fast support response|Market news feed
Cons: Currency conversion fee exists
If you are reading this considering Fidelity (Imposter) - run. I wish I had read more negative reviews based on a colleague's recommendation. I thought the positive ones were real. Maybe some are. My experience over for just over a year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Good mobile app|Clear documentation|Economic calendar
Cons: Withdrawal takes 1-2 business days|Search feature is basic
My withdrawal request from Fidelity (Imposter) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Social trading features|Portfolio tracking tools
Cons: Nothing significant|Website design could be more modern
After for about ten months with Fidelity (Imposter) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: No hidden fees|Market news feed|Excellent charting|Full transparency
Cons: No phone support on weekends
Do not use Fidelity (Imposter) for anything serious. I used them since I opened my account last year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Full transparency|Fast support response|Dedicated account manager
Cons: Live chat only during business hours|Spreads widen during volatile periods
The so-called education at Fidelity (Imposter) is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for a couple of months now thinking they would help me learn.
Pros: Portfolio tracking tools|Easy withdrawals|Competitive fees
Cons: Currency conversion fee exists|Website design could be more modern
The mobile app from Fidelity (Imposter) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Market news feed|High security standards|Clear documentation|Personal attention
Cons: Email notifications too frequent|Minor UI glitches occasionally
Fidelity (Imposter) has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Dedicated account manager|Copy trading available
Cons: Limited ETF selection|Research section could be deeper
Where do I even begin with Fidelity (Imposter)? for about ten months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: API access|Great customer service|Clear documentation
Cons: Would like more payment methods|Help articles are sometimes vague