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What FIDUS INVESTMENTS CYPRUS legally published, but does not want you to read

Every clause below is published by FIDUS INVESTMENTS CYPRUS itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: Fidus Investments Cyprus Limited

sole discretionhidden feeunilateral amendmentwithdrawalsclient moneyconflict of interestcountry restrictiondeemed acceptancedocument versionkyc freeze

Fidus publishes two different fee schedules at the same time, and they disagree on what holding an account costs. Moving USD 1,000 in and out costs USD 60 before you place a single trade. The agreement lets Fidus freeze your money on suspicion without giving reasons. It also warns that pooled funds may be used to meet other clients' debts. Fidus is a genuine CySEC firm and states that 68% of its retail clients lose money.

Back to FIDUS INVESTMENTS CYPRUS

Contract risk

Money at risk
6.0/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
5
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
19
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
288
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
3

How the 19 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical5
Warning12
Notice2

section 25 of 27is where the deepest clause sits, 93% of the way into the document it is in

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

1 of these 4 figures comes from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical$100Fee you were not shown. Jump to the clause this comes from.Two different fee schedules are published at once$100Fee on an unused account. Jump to the clause this comes from.Holding the account costs USD 100 a year before you trade1 working daysWithdrawal limit. Jump to the clause this comes from.One business day is an aim, not a promise10 daysAccount limit. Jump to the clause this comes from.Margin can be raised with ten days notice, or none

What the documents say

19 clauses worth knowing about, worst first, each quoted from FIDUS INVESTMENTS CYPRUS's own files

01

Fidus charges USD 100 a year to hold an account under the fee schedule on its products page. The schedule on its legal page says USD 5 a month instead. Both are titled Appendix 4 and both carry the same document number.

Why this matters

You agree to pay whatever Appendix 4 says, and two versions of Appendix 4 are live today. Nothing on either page tells you which one Fidus will bill you under.

Exhibit 1CriticalRarely seen$100New

The Client undertakes to pay fees in relation to the Services, in accordance with the Fee Schedule set out in Appendix 4 to this Agreement.
Quoted in INVESTMENT SERVICES AGREEMENT, p.1
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must give a retail client a single clear statement of costs and charges before that client trades. Fidus publishes two, from different years, and names neither as the one in force.

FIDUS INVESTMENTS CYPRUS is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 10The agreement lets Fidus set fees by posting a schedule on its website, which is how two schedules came to be posted at the same time.
  • Same clause as Exhibit 6The disputed line is the standing annual charge, which is the single largest cost of simply keeping an account open.
02

Where Fidus suspects a client may be in breach of money laundering law, clause 11.3 lets it block, freeze or retain that client's cash and instruments. The clause ends by saying it need not provide reasons. You are owed nothing for the loss, even after you have told Fidus what the freeze is costing you.

Why this matters

Suspicion is the only trigger, and the contract sets no deadline for lifting the hold. Clause 11.4 then removes any claim you might bring over it.

Exhibit 2CriticalHarder than usual

The Company may at any time after entering into an Investment Services Agreement with the Client, refuse to provide or to continue to provide Services and/or to execute pending orders and/or to freeze and/or to block and/or to retain any client cash or financial instruments, where it suspects that the Client may be in breach of any provisions of the Prevention and Suppression of Money Laundering and Terrorist Financing Law (Law 188(I)/2007)
Clause 11.3 in GENERAL INVESTMENT SERVICES TERMS AND CONDITIONS, p.15
Downloaded from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC can restrict an account to meet their money laundering duties, and must still treat the client fairly and keep the complaints route open. This contract goes further, by stating that no reasons are owed and no liability arises even once you have reported the harm.

FIDUS INVESTMENTS CYPRUS is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 11A withdrawal is the moment a due diligence review is most likely to be reopened, and clause 23.3 says an unfinished review may affect whether you can withdraw at all.
03

Fidus holds client money in pooled accounts, and clause 22.21 warns that funds in them could be withdrawn or used to meet the obligations of other clients. Clause 22.22 adds that in an insolvency the money may be lost entirely, and that the client agrees not to hold Fidus liable for that loss.

Why this matters

You accept in advance that you will not pursue Fidus if your deposit disappears with somebody else's. The clause asking you to give up that claim sits in the section headed safeguarding of clients' assets.

Exhibit 3CriticalHarder than usual

In this case the Company clearly makes it known to the Client that there is a risk that its funds could be withdrawn or used to meet obligations of other Clients.
Clause 22.21 in GENERAL INVESTMENT SERVICES TERMS AND CONDITIONS, p.35
Downloaded from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must keep client money separate from their own and stay responsible for how carefully they choose and reconcile with the banks holding it. Fidus states those duties too, then asks the client to consent in advance not to hold it liable if the pooled money is lost.

FIDUS INVESTMENTS CYPRUS is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 7One clause warns that pooled money may go to other clients' obligations, and the other grants Fidus the right to lend that property out in the first place.
04

Clause 28.1 lists the events that let Fidus close or suspend every one of your accounts. One of them is that litigation has started between Fidus and you. Another is that the client persistently acts in an abusive manner when dealing with the company.

Why this matters

Going to court over a dispute hands Fidus the right to shut your accounts and liquidate your open positions. The same list also triggers on anything Fidus considers might affect your ability to meet your obligations.

Exhibit 5CriticalRarely seen

any litigation is commenced between the Company and the Client;
Clause 28.1(h) in GENERAL INVESTMENT SERVICES TERMS AND CONDITIONS, p.46
Downloaded from the broker's site on Open the reference
05

Fidus charges USD 25 to take in a deposit of up to 50,000. Sending money back costs 0.15%, with a minimum of USD 35 each time. Bank transfer is the only route offered, and Fidus refuses payments from anyone but you.

Why this matters

Put USD 1,000 in and take it out again without trading once, and you are USD 60 poorer. The minimum charge means the smaller your withdrawal, the more of it the fee takes.

Exhibit 4WarningHarder than usual$35

Deposit Fees Transfer Currency Deposit Amount Deposit Fee USD 0 - 50,000 USD 25
Quoted in APPENDIX 4 - FEES SCHEDULE (June 2026, linked from Products and Services), p.3
Read from the broker's site on Open the reference
  • Only applies after Exhibit 1These amounts are identical in both published schedules, so they are the part of Appendix 4 a reader can rely on.
06

Fidus takes an administrative fee of USD 100 a year whether you trade or not. Holding shares or bonds adds a monthly custody fee with a USD 10 floor. Leaving costs USD 20, and a dormant account is charged USD 2 a month on top.

Why this matters

A USD 10,000 portfolio pays USD 220 a year in standing charges before a single trade. Neither document says when an account becomes dormant, so you cannot tell when the extra USD 2 a month starts.

Exhibit 6WarningHarder than usual$100New

Administrative yearly fee USD 100
Quoted in APPENDIX 4 - FEES SCHEDULE (June 2026, linked from Products and Services), p.1
Read from the broker's site on Open the reference

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Every yearFidus takes an administrative fee of USD 100 for holding the account.
Every month holding securitiesA custody fee is charged on the portfolio value, with a floor of USD 10.
Once dormantA USD 2 monthly dormant account fee is added. The schedule does not say what makes an account dormant.
Six years with no movementFidus may write to your last known address and give you 28 calendar days to withdraw, after which it need no longer treat the balance as client money.22.19
On closingA closure of account fee of USD 20 is charged.

The agreement both claims and denies that Fidus is your counterparty

Clause 16.3 of the Fidus agreement says the Company is the sole counterparty of the Client. Clause 22.25 says the Company is not the counterparty of the traded financial instruments. Nothing in the contract resolves the two. Separately, clause 22.24 has the client grant Fidus the right to pledge, re-pledge, hypothecate, invest or loan their securities to itself as broker or to others, which clauses 22.29 and 22.34 then appear to forbid for retail clients.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Whose side Fidus is on2 clauses flagged

Clause 22.24 has you grant Fidus the right to pledge, re-pledge, hypothecate, invest or loan your securities, to itself as broker or to others, and to mix them with other clients' property. The same clause lets Fidus move funds between your accounts at any time without notice.

Why this matters

Property lent out is property somebody else is holding when things go wrong. Two later clauses pull the other way, so read them alongside it: clause 22.29 requires your prior express written consent before Fidus uses your instruments, and clause 22.34 limits these arrangements to professional clients.

Exhibit 7CriticalRarely seen

The Client hereby also grants to the Company the right to pledge, re-pledge, hypothecate, invest or loan, either separately or with the property of other Clients, to itself as broker or to others, any securities or other property of the Client held by the Company as margin or security.
Clause 22.24 in GENERAL INVESTMENT SERVICES TERMS AND CONDITIONS, p.36
Downloaded from the broker's site on Open the reference
Set against a regulated standard: CySEC (Cyprus), ESMA (EU)

Firms licensed by CySEC and under ESMA rules may only use a retail client's financial instruments with that client's prior express consent, recorded in writing. Clause 22.24 reads as a standing grant of that consent buried in a 69 page agreement, while clause 22.29 states the proper requirement a few pages later.

FIDUS INVESTMENTS CYPRUS is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 3Lending the property out is the mechanism, and the warning that pooled funds may meet other clients' obligations is the consequence.

Clause 16.3 says Fidus is the sole counterparty of the client. Clause 22.25 says Fidus is not the counterparty of the traded financial instruments. Both sentences are in the same agreement, about 20 pages apart.

In plain words

Liquidity providers are outside banks and brokers.

Why this matters

Whether Fidus is on the other side of your trade decides who owes you when you win, and whether Fidus gains when you lose. Clause 18.21 adds that your order may be matched against another client's rather than sent to an exchange.

Exhibit 13WarningRarely seen

Despite any Electronic Trading Platform being a branded trading platform made available through a third party, the Company is the sole counterparty of the Client.
Clause 16.3 in GENERAL INVESTMENT SERVICES TERMS AND CONDITIONS, p.23
Downloaded from the broker's site on Open the reference

Fidus publishes two fee schedules and lets you find out which one applies

Fidus charges USD 25 to accept a deposit and at least USD 35 to send money back, and commission is billed twice on every position, with a USD 50 floor each side on United States shares. None of those amounts appear in the 69 page agreement, which only points to Appendix 4. Two different versions of Appendix 4 are live right now, from 2020 and 2026, both carrying the same document reference and disagreeing on the annual holding fee. The fee schedule is one of 286 documents on a single Disclosures page.

Cost disclosure2 clauses flagged

Fidus charges its commission on every operation, so opening and then closing one position is billed twice. On United States shares the minimum is USD 50 each time, which makes USD 100 the floor for a single round trip.

Why this matters

A USD 1,000 share position pays USD 100 in commission to open and close. That is 10% of the position gone before the price has moved at all.

Exhibit 8WarningHarder than usual$50

The Commission Rate is charged for every operation individually i.e. opening and/or closing of position operation.
Quoted in APPENDIX 4 - FEES SCHEDULE (June 2026, linked from Products and Services), p.2
Read from the broker's site on Open the reference

Clause 27.1 lets Fidus convert between currencies when it thinks appropriate, and at such fee as it may reasonably determine. No rate and no fee is stated anywhere in the fee schedule. Pooled client accounts are held in United States dollars.

Why this matters

If you fund in euro or sterling, a conversion you did not ask for can happen at a price only Fidus sets. You also carry the exchange rate risk, which clause 27.2 puts entirely on you.

Exhibit 9WarningHarder than usual

may be done by the Company in such a manner and at such time as the Company may deem appropriate in its reasonable discretion and at such fee as the Company may reasonably determine.
Clause 27.1 in GENERAL INVESTMENT SERVICES TERMS AND CONDITIONS, p.45
Downloaded from the broker's site on Open the reference

Fidus aims to pay within one business day and promises nothing

The one business day target in clause 23.5 is faster than most brokers commit to, and the word Fidus uses is aim. Payment goes only to a bank account in your own name, only by transfer, and only once you have closed enough positions yourself to free the money. Clause 23.3 adds that an unfinished due diligence check may affect whether you can withdraw at all.

Exit conditions1 clause flagged

Fidus says it will aim to transfer your funds within one business day of the request, which is faster than most brokers promise. The word is aim. Clause 23.3 then says an unfinished due diligence check may affect whether you can withdraw at all.

Why this matters

Money can only go back to an account in your own name, by bank transfer. If you hold open positions, Fidus will not pay out until you have closed enough of them yourself.

Exhibit 11WarningStandard wording1 working days

Subject to the above, the Company shall aim to transfer funds to the Client within one Business Day from the date on which the Client makes a withdrawal request.
Clause 23.5 in GENERAL INVESTMENT SERVICES TERMS AND CONDITIONS, p.41
Downloaded from the broker's site on Open the reference

Fidus can correct your balance and price the correction itself

Where a quoting error occurs, Fidus disclaims liability for the resulting balance and reserves the right to make corrections or adjustments to the account. Any dispute is then settled at a fair market value that Fidus determines in its sole discretion. The clause sits at paragraph 21 of the 27 paragraph risk disclosure, a document the client initials page by page.

Balance adjustment1 clause flagged

If a quoting error happens, Fidus is not liable for the resulting account balance and may make corrections or adjustments to your account. Any dispute about it is settled on a fair market value that Fidus determines in its sole discretion.

Why this matters

A profit you banked on a mispriced quote can be taken back out, and the figure it is replaced with is one Fidus chooses. This sits near the end of the five page risk disclosure you initial at sign up, not in the trading terms.

Exhibit 12WarningHarder than usual

Should a quoting error occur (including responses to Customer requests), the Company is not liable for any resulting errors in account balances and reserves the right to make necessary corrections or adjustments to the relevant Account.
Clause 12 in RISK DISCLOSURE POLICY, p.4
Read from the broker's site on Open the reference

Buried at section 21 of 27 in the RISK DISCLOSURE POLICY, 78% of the way through.

Fidus can reprice and reshape the account while you hold it

Clause 22.27 lets Fidus set the fees it charges by posting a schedule on its website, with no notice period and no consent from you, and the 2026 schedule shows that power being used. Margin and close out levels move on 10 calendar days notice, or none at all in volatile conditions. The banned country list is described as non exhaustive and alterable at any time at Fidus's sole discretion.

Changing the deal4 clauses flagged

Clause 22.27 says the fees Fidus imposes from time to time are available in the fee schedule posted on its website. No notice period is set and your agreement is not needed. The signing page adds that the terms may be amended and then notified to you.

Why this matters

The charge on your account can rise the moment a new file goes up. That already happened: the annual holding fee went from USD 5 a month in the 2020 schedule to USD 100 a year in the 2026 one.

Exhibit 10WarningHarder than usual

The general fees imposed by the Company from time to time are available to the Client in the Fees Schedule posted on the Company’s website as Appendix 4 to the Investment Services Agreement and may also be communicated to the Client in any other means.
Clause 22.27 in GENERAL INVESTMENT SERVICES TERMS AND CONDITIONS, p.36
Downloaded from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must tell a retail client about a material change to charges in advance and in a durable form, not by quietly updating a web page. Clause 22.27 treats posting on the website as sufficient, and adds that fees may also be communicated by any other means.

FIDUS INVESTMENTS CYPRUS is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 1A power to set fees by posting a file, exercised without withdrawing the old file, is how a client ends up facing two schedules at once.

Fidus can change the margin you must keep and the level at which it closes you out, on 10 calendar days notice. The same clause then lists circumstances in which it may change margin with no notice at all, including significant volatility and any news that may have a material adverse effect.

Why this matters

The no notice list covers exactly the conditions in which a margin change hurts most. A higher requirement arriving mid storm can close your position at the worst moment.

Exhibit 15WarningStandard wording10 days

The Company may vary the required Margin and Close-Out Level by providing 10 (ten) calendar days prior notice in accordance with the provisions of clause 45 (“Amendments”) of this Agreement. The Company may vary the required Margin without prior notice where the following circumstances arise or is reasonably likely or possible to arise:
Clause 14.9 in GENERAL INVESTMENT SERVICES TERMS AND CONDITIONS, p.21
Downloaded from the broker's site on Open the reference

Retail clients of Fidus get negative balance protection, so a loss cannot push the account below zero. Ask to be reclassified as a professional client and that protection goes. The sentence saying so is in clause 15, which is headed Third Parties.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

Reclassification is usually sold as access to higher leverage. What you hand over is the guarantee that you can never owe Fidus more than you deposited.

Exhibit 16WarningStandard wording

except for the coverage and negative protection of such Client Balance expressively applying to Retail Clients. Professional Clients as well as Eligible Counterparties will not enjoy the said protection regarding Negative Balances.
Clause 15.2 in GENERAL INVESTMENT SERVICES TERMS AND CONDITIONS, p.22
Downloaded from the broker's site on Open the reference
Set against a regulated standard: CySEC (Cyprus), ESMA (EU)

Under ESMA and CySEC rules a retail client must have negative balance protection on contracts for difference, and a professional client need not. Fidus applies both rules correctly. The point here is where it tells you: in a clause about intermediaries and agents, rather than on the reclassification request itself.

FIDUS INVESTMENTS CYPRUS is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Fidus names 13 countries plus four Ukrainian regions it will not open new accounts for. It then says the list is non exhaustive and can be altered at any time it deems proper, at its sole discretion.

Why this matters

Your country can join the list after you have opened the account. Fidus names Lebanon alongside Cyprus and the EU as a market it operates in, and a reader there has no way to know how durable that is.

Exhibit 17NoticeStandard wording13

The aforementioned list of countries is non-exhaustive and the updated list of banned countries, is subject to alteration at any time the Company deems proper upon its sole discretion.
Clause Banned Jurisdictions in GENERAL INVESTMENT SERVICES TERMS AND CONDITIONS, p.3
Downloaded from the broker's site on Open the reference

Suing Fidus is listed as a default that closes your accounts

Clause 28.1 treats the commencement of litigation between Fidus and the client as an event of default, which lets Fidus close or suspend every account the client holds and liquidate open positions. The same list includes acting in an abusive manner. Elsewhere, clients agree in advance not to hold Fidus liable if pooled money is lost entirely, and accept that orders later proven unauthorised remain their loss.

Challenging a decision1 clause flagged

Fidus accepts orders by email as well as by phone and platform. Clause 18.16 says that where it acts in good faith on instructions it reasonably believed were genuine, it bears no responsibility even if those instructions are later proven to have been unauthorised.

Why this matters

If somebody sends an order from your email address, the trade stands and the loss is yours. The good faith test is a real limit, but it is Fidus that has to have acted in good faith, not you that has to have authorised anything.

Exhibit 14WarningHarder than usual

where the Company performs any acts in good faith and upon reasonable reliance that the instructions received by any of the means mentioned above, are authentic, the Company shall not bear any responsibility nor it shall have any liability, where such acts are later proven to be unauthorized.
Clause 18.16 in GENERAL INVESTMENT SERVICES TERMS AND CONDITIONS, p.27
Downloaded from the broker's site on Open the reference

Fidus is CySEC licensed, and its website misprints the number

You contract with Fidus Investments Cyprus Limited, registered in Cyprus as HE 355918 and licensed by CySEC under number 326/17. Its website states 326/27 on every page, which is not a number that will find the firm on the register, and gives a different office address from the one in the agreement. Compensation through the Cyprus Investor Compensation Fund is capped at 20,000 euro or 90% of a claim, whichever is lower.

Who you are dealing with2 clauses flagged

Every page of the Fidus website states that it is regulated by CySEC under licence number 326/27. Every legal document it publishes, including the June 2026 fee schedule, says 326/17. The office address disagrees too.

Why this matters

Check 326/27 on the CySEC register and you will not find this firm. The documents point you to 16 Kennedy Avenue for written instructions and posted complaints, while the website gives a different street altogether.

Exhibit 18WarningHarder than usual

is an investment services firm authorized and regulated by the Cyprus Securities and Exchange Commission (“CySEC”) under license number 326/17.
Clause About Us in GENERAL INVESTMENT SERVICES TERMS AND CONDITIONS, p.1
Downloaded from the broker's site on Open the reference
Our own capture of fidusinvestments.eu, taken on Oct 8, 2026The claim, on Contact block in the footer of the Fidus homepageVisit this page on the broker's siteDownload the full size image file

Fidus belongs to the Cyprus Investor Compensation Fund. If it cannot meet a claim against it, the fund pays you 20,000 euro or 90% of the claim, whichever is lower, across all your claims together.

Why this matters

Anything you hold above 20,000 euro has no compensation behind it if Fidus fails. The cap is stated in the last clause of the risk disclosure you initial at sign up.

Exhibit 19NoticeStandard wording$20000

Any compensation provided to you by the Investor Compensation Fund shall not exceed twenty thousand euro (EUR 20.000) or 90% of your covered claim, whichever is lower. This applies to your aggregate claims against the Company.
Clause 13 in RISK DISCLOSURE POLICY, p.5
Read from the broker's site on Open the reference

Buried at section 25 of 27 in the RISK DISCLOSURE POLICY, 93% of the way through.

Set against a regulated standard: CySEC (Cyprus), FCA (UK)

The Cyprus Investor Compensation Fund covers 20,000 euro or 90% of a claim, whichever is lower. Firms licensed in the United Kingdom sit behind the Financial Services Compensation Scheme, which covers up to 85,000 pounds per person per firm. Both figures are correct for their own regime, and the gap matters when you choose where to hold a larger balance.

FIDUS INVESTMENTS CYPRUS is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

Fidus publishes two fee schedules called Appendix 4 at the same time, and they set a different standing charge for holding the same account.

Said in public, in English

Administrative monthly fee USD 5

Fee schedule published as Appendix 4 on the Disclosures page, uploaded November 2020

In the contract · clause Administrative Fees

Administrative yearly fee USD 100

02

The website gives the licence number as 326/27 while every legal document gives 326/17, so the number a visitor would check the register with is not the firm's own.

Said in public, in English

Fidus Investments Cyprus Limited is authorized and regulated by CySEC (License no. 326/27).

Licences and Authorisations block in the footer of the Fidus homepage

In the contract · clause About Us

is an investment services firm authorized and regulated by the Cyprus Securities and Exchange Commission (“CySEC”) under license number 326/17.

03

The website and the client agreement give different offices, and the agreement's address is the one a client is told to use for written instructions and posted complaints.

Said in public, in English

Aisopou 10 Aglantzia, 2113 Nicosia, Cyprus

Contact block in the footer of the Fidus homepage

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of fidusinvestments.eu

In the contract · clause About Us

The Company’s offices are located at 16 Kennedy Avenue, 1087 Nicosia, Cyprus.

What changed quietly

First review of Fidus Investments Cyprus, so no earlier review exists for comparison.

  • REWRITTENClause Administrative Fees · 2020/11 to 2026/06

    The standing charge for holding an account rose from USD 60 a year to USD 100 a year, and the older wording is still published.

    Administrative yearly fee USD 100

  • REWRITTENClause Events Commissions · 2020/11 to 2026/06

    Corporate event commission became a flat USD 5 instead of a rate capped at USD 100, which is cheaper for large holdings and dearer for small ones.

    Commissions rates for each market 5 USD or equivalent in other currencies

The documents this reading is based on

288 files, all published by FIDUS INVESTMENTS CYPRUS. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording FIDUS INVESTMENTS CYPRUS publishes.

How this reading was done

Every clause above was read out of a document FIDUS INVESTMENTS CYPRUS publishes itself

This reading was published on .

Documents
7 of 288downloaded from the broker's site, and 7 read in full
Pages opened
44pages walked to find those documents, footer links included
Older copies
2earlier versions downloaded, 2 identical to the copy we hold by fingerprint
Marketing pages
4public pages set against what the contract says
Position measured
2clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

Fidus Investments Cyprus Limited

You contract with Fidus Investments Cyprus Limited, a Cyprus company registered as HE 355918 and licensed by CySEC under number 326/17. It is the only entity in the document set, and there is no offshore sister company to be moved to, which puts it ahead of most brokers. The agreement cannot decide whether Fidus is your counterparty: clause 16.3 says it is the sole counterparty, and clause 22.25 says it is not the counterparty of the traded instruments. And although the licence is Cypriot, the firm's own Pillar III disclosure names Lebanon alongside Cyprus and the EU as the political environment it operates in.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

Fidus sells no bonuses or promotions, so there is no turnover requirement and no locked deposit anywhere in its documents. Retail leverage is capped at 1:30 and negative balance protection is spelled out in both the agreement and the risk disclosure, so a retail loss cannot take you below zero. The complaints policy is better than most: five working days to acknowledge, two months to answer, three months as an outer limit, and it names both the Financial Ombudsman and CySEC. It sets no deadline on you to complain, which is where many brokers put a trap. Staff are paid a fixed salary with no variable component, so nobody at Fidus earns more when you trade more. The firm reported a capital adequacy ratio of 454.77% at the end of 2022, far above its requirement. The website is English only and makes almost no promises, so there is very little marketing here to contradict the contract.

This review covers the 69 page investment services terms up to clause 28.14. The clauses after it, on complaints, liability, indemnity, notices, amendments and governing law, are not covered. So the review cannot say which courts hear a dispute or how much notice Fidus must give before changing the terms. Fidus publishes 286 documents on one page, and about 260 of them are product information sheets for individual futures and options that this review does not cover. Four of the Pillar III disclosures and the directors' data protection letter would not open at all. The 2019 Pillar III opened as unreadable characters. Every quoted fee comes from the rendered documents, because the per mille symbol in the commission rates is lost when the text is extracted. The review covers the first five pages of the seven page complaints policy. It does not cover the client categorisation policy, the order execution policy or the conflicts of interest policy, each of which the agreement relies on.

How to check any of this yourself

Every quote above links to the FIDUS INVESTMENTS CYPRUS file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document FIDUS INVESTMENTS CYPRUS publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge FIDUS INVESTMENTS CYPRUS on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Oct 8, 2026.

If you represent FIDUS INVESTMENTS CYPRUS and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on FIDUS INVESTMENTS CYPRUS. Whether its licence is real and current is a separate check on the broker profile.

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