Information about the broker “Fi Da”
Fi Da is a company that positions itself as a broker offering clients safe conditions for investing and free access to CFD trading. Among their offerings are over 250 assets, efficient trading plans, round-the-clock professional technical support, optimal spreads, leverage, and a wide range of analytical tools.
Additionally, investors have access to cryptocurrency accounts.
According to the website fi-da.org, the company was established in 1919 and, through several structural changes, focused on providing investment services. While the company is headquartered in the USA, the footer lists the address as 10 Fleet Pl, London EC4M 7RB, United Kingdom. However, it is worth noting that the broker does not provide services in several countries, including the USA. There are no certificates of registration, licenses, or information about regulatory authorities provided.
You can contact technical support via phone, email, online application form, or request a callback. The company promises professional service and consultations from experienced specialists and traders.
Trading conditions of Fi Da
After registering on the website, clients have access to trading Bitcoin, S&P 500, gold, EURUSD, and over a hundred other assets, including stocks, indices, CFD contracts, forex, and commodities. The company offers several types of trading accounts suitable for both experienced investors and beginners:
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Standard account – $150: designed for novice traders, provides instant trade execution and leverage of 1:100.
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Advanced account – $1000: recommended for experienced traders, allows trading cryptocurrencies and metals, provides investment insurance and technical support.
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Master account – $5,000: a professional account type with leverage of 1:100, deposit protection and insurance, round-the-clock support.
The company does not offer additional services, limiting clients to an economic calendar and calculator as additional options. There are no bonus programs or partnership opportunities.
Account funding and withdrawals from “Fi Da”
The initial deposit to start trading is $150. The methods of account funding and withdrawal are not specified, and there is no information on the withdrawal request process, withdrawal amount limits, and commissions. The company largely conceals information about financial operations.
Conclusion
“Fi Da” positions itself as a broker with a questionable development history. The trading accounts they offer have limited functionality, lack additional services, and incentive programs. The website also lacks official documentation, and the withdrawal process from the account remains unknown.
Working with Fi Da as a broker was an exceptionally disappointing experience. The level of professionalism displayed was appalling – information was not communicated properly and there were cases of misinformation. Transparency was not their strong suit as hidden fees were introduced out of the blue. Customer service was consistently poor as well. More often than not, my queries and concerns were disregarded and dealt with unjustifiable delays. They were lacking in vital market knowledge and expertise, making the entire process more challenging and frustrating. I would not recommend Fi Da to anyone seeking a hassle-free and efficient broker service.