FIDUS INVESTMENTS CYPRUS Broker Overview
FIDUS INVESTMENTS CYPRUS is the trading brand of Fidus Investments Cyprus Limited, a Cyprus investment firm based in Nicosia and authorised by the Cyprus Securities and Exchange Commission under licence number 326/17. It has held that authorisation since May 2017 and offers MetaTrader 4 and a multi-product platform to clients who open a Personal, Corporate or Joint account. Funding is by bank transfer only, with no published minimum deposit, and trading costs are charged as commission per instrument and per market rather than through a published spread.
FIDUS INVESTMENTS CYPRUS Regulation and License
The operating company and the licensed entity are the same: Fidus Investments Cyprus Limited, registered in Cyprus under company number HE355918, with its office at Aisopou 10 Aglantzia, 2113 Nicosia. Its regulator is the Cyprus Securities and Exchange Commission (CySEC), the statutory financial regulator of the Republic of Cyprus and its competent authority under MiFID II, and its Cyprus Investment Firm authorisation carries the number 326/17 with an effective date of 12 May 2017. The authorisation appears on the regulator's own register of Cypriot investment firms, with no qualifying status beside the number and no published expiry date. CySEC separately publishes www.fidusinvestments.eu as this firm's approved domain, and that is the website the firm trades through.
Is FIDUS INVESTMENTS CYPRUS Regulated?
Yes, and this is confirmed regulation rather than an unverified claim: the licence number was found on the CySEC register against the same company name, with the company registration number and the approved domain matching as well. One qualification concerns the firm's own website rather than the register. The site footer prints the licence as 326/27, one digit different from the 326/17 that CySEC publishes, so a reader checking the footer number against the register will not find it.
FIDUS INVESTMENTS CYPRUS License 326/17
Licence 326/17 is a Cyprus Investment Firm authorisation held by Fidus Investments Cyprus Limited. The register prints two investment services under it: reception and transmission of orders in relation to one or more financial instruments, and execution of orders on behalf of clients. Dealing on own account is not among them. Three ancillary services are also shown: safekeeping and administration of financial instruments, granting credits or loans in connection with a transaction, and foreign exchange services connected to the provision of investment services.
Is FIDUS INVESTMENTS CYPRUS Safe?
The firm's regulatory standing is the strongest point in its favour, but an authorisation is not the same as safety and says nothing about how an individual account will be handled. What is established is that one named Cyprus company holds the licence, operates the website CySEC approves for it, and has done so since 2017. What a prospective client should weigh against that is how little the firm publishes about trading itself: no maximum leverage, no spread figure and no instrument counts appear anywhere in its material, there is no help centre or published FAQ, and the only funding route is a bank transfer from an account in the client's own name. The firm's own risk disclosure states that 68 per cent of its retail investor accounts lose money when trading CFDs.
FIDUS INVESTMENTS CYPRUS Account Types
Three account categories are offered on the client registration form: Personal, Corporate and Joint. They describe who holds the account rather than different trading terms, and the firm publishes no separate minimum deposit, leverage or commission for any of them. The commission schedule applies by instrument and by market, so costs do not vary by account category.
FIDUS INVESTMENTS CYPRUS Spreads, Commissions and Fees
Costs are commission based and no spread figures are published. Commission is charged per instrument and per market rather than per lot, and opening and closing a position are charged separately. Futures cost 35 USD, EUR, GBP or CHF a contract, or 3,500 JPY, and forex and currency options cost 35 USD or the currency equivalent per 100,000 units of the price currency. Shares and single stock CFDs are charged at 5 per mille on most markets and 7 per mille on the Australian market and the Athens exchange, each with a market minimum of about 50 in the market currency, and purchases on the United Kingdom market also carry 0.5 per cent stamp duty. Bonds and euro notes are charged at 2.5 per mille. On top of trading commission there is custody of 0.25 per mille a month with a 10 USD minimum, an account fee of 100 USD a year, 20 USD on closure and 2 USD a month on a dormant account.
FIDUS INVESTMENTS CYPRUS Leverage
No maximum leverage is published. The firm's fee and commission material is detailed but states no leverage cap, and none of the three account categories carries a published limit, so no figure is recorded for this broker.
FIDUS INVESTMENTS CYPRUS Trading Platforms
MetaTrader 4 is offered for Windows, Android, Linux and Apple computers, with charting and one click order entry from charts. The firm also offers a multi-product platform, whose name it does not publish, for trading shares, CFDs, futures, options and fixed income through one gateway. The site refers to a download centre but publishes no direct download link, so the software is obtained through the firm rather than from its website.
FIDUS INVESTMENTS CYPRUS Deposits and Withdrawals
Bank transfer is the only funding route published, for both deposits and withdrawals. Deposits go to accounts held at Bank of Cyprus and Societe Generale Bank Cyprus in euro, US dollars, sterling, Swiss francs, Canadian dollars and Australian dollars. Third party payments are not accepted, so money must move to and from an account in the client's own name. No minimum deposit or withdrawal is published in the deposit method document or the fee schedule. A deposit fee applies per transfer, 20 EUR on euro amounts up to 50,000 and 40 EUR above it, and withdrawals cost 0.15 per cent of the amount with a floor and a ceiling in each currency, 25 EUR and 250 EUR for euro. Withdrawal requests received on a business day within business hours are processed the same day, and otherwise on the next business day.
FIDUS INVESTMENTS CYPRUS Support
Support is reached on a main line at +357 22 502900, a trading desk at +357 22 502999 and a single general address at info@fidusinvestments.eu, with live chat during business hours. Published hours are Monday to Friday 09:00 to 23:00 Cyprus time, with back office processing from 08:00 to 13:30. The firm states that its services are provided only from its Nicosia head office and only through its approved domain.
FIDUS INVESTMENTS CYPRUS Pros and Cons
- A Cyprus Investment Firm authorisation confirmed on the CySEC register, held by the same company that operates the website.
- The approved domain CySEC publishes for the firm is the site it actually trades through.
- A commission schedule published in full, covering futures, forex, shares, CFDs and bonds market by market.
- No maximum leverage, no spread figure and no instrument counts published anywhere.
- Bank transfer is the only funding route, from an account in the client's own name.
- Account, closure, dormancy and custody charges apply on top of trading commission.
- No help centre or published FAQ, and no direct platform download.
FIDUS INVESTMENTS CYPRUS Review and Assessment
Fidus Investments Cyprus Limited is a small Cyprus investment firm with a conventional onshore authorisation and a traditional offering: MetaTrader 4, commission charged per instrument and per market, and funding only by bank transfer. The published cost structure suits a client trading in reasonable size across futures, shares, bonds and CFDs, and suits a small account poorly, because the per market minimums and the fixed account charges fall heavily on small tickets. The most important thing to settle before funding an account is what the firm does not publish, which is much of what a trader needs to know: the leverage available, the spreads and the instrument list. Its banned jurisdictions clause also names a set of countries it will not accept clients from, and describes that list as non-exhaustive and subject to change at the firm's discretion.
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