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.
Do not believe the bonus offer from Fidelity (Imposter). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after attending a webinar they hosted and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Economic calendar|Personal attention|Full transparency|Helpful community forum
Cons: Currency conversion fee exists
I referred a friend to Fidelity (Imposter) through a financial advisor. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Dividend tracking|Multiple order types|Full transparency|Dedicated account manager
Cons: Search feature is basic
My card was charged twice by Fidelity (Imposter) on the same day. I had to dispute it with my bank. Fidelity (Imposter) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Stable platform|Great customer service|Good mobile app
Cons: No phone support on weekends|Withdrawal takes 1-2 business days
I lost a significant amount because Fidelity (Imposter) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Fast support response|Regular platform improvements|Two-factor authentication
Cons: Wait times can be long during peak hours
Fidelity (Imposter) locked my account without warning and demanded documents I had already submitted. since last summer later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Clear documentation|Intuitive for beginners|Dedicated account manager|Detailed reporting
Cons: Website design could be more modern
I closed a profitable position at Fidelity (Imposter) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Fast deposits|Reliable uptime|Tax reports included
Cons: Cannot customize dashboard fully|Limited demo account features
I experienced a security concern with my Fidelity (Imposter) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Easy withdrawals|Fast execution|Dividend tracking
Cons: Charting tools need more indicators|Help articles are sometimes vague
KYC with Fidelity (Imposter) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Tax reports included|Easy withdrawals|Fast support response|Copy trading available
Cons: Cannot customize dashboard fully