Fidelity, founded in 1946 and headquartered in the United States, is one of the world's largest and most trusted financial services companies, managing trillions of dollars in client assets. For Suriname traders, Fidelity offers access to a broad range of US-listed securities, including stocks, ETFs, bonds, and mutual funds, as well as a selection of international instruments. However, when it comes to retail forex trading, Fidelity is a unique case: it offers only 1:1 leverage, meaning you cannot trade with borrowed funds. This makes it fundamentally different from the typical forex brokers available in Suriname, which offer leverage up to 1:500 or more. The broker accepts clients from Suriname, with account registration requiring a National ID or Passport. Deposits can be made using Bank Transfer, Skrill, or USDT, which is convenient for local users. While Fidelity's reputation, stability, and low costs are undeniable, Suriname forex traders should carefully consider whether the platform's limitations match their trading needs. The $0 minimum deposit is a plus for beginning traders, but the lack of a dedicated forex trading interface and zero leverage are serious drawbacks for anyone seeking meaningful forex exposure.
| Detail | Information |
|---|---|
| Founded | 1946 |
| Headquarters | USA |
| Regulated by | FINRA,SIPC |
| Min Deposit | $0 |
| Max Leverage | 1 |
| Platforms | — |
| Islamic Account | Not available |
| Copy Trading | Not available |
| Demo Account | Available |
| Instrument | Typical Spread | Commission/Lot | All-In Cost | Standard Spread |
|---|---|---|---|---|
| EUR/USD | Check broker | Varies | Varies | Check broker |
| Feature | Available |
|---|---|
| Demo Account | Yes |
| ECN/Raw Account | No |
| Islamic (Swap-free) | No |
| Scalping Allowed | No |
| Hedging Allowed | No |
| Expert Advisors (EA) | No |
| Copy Trading | No |
Fidelity does not offer Islamic accounts. This is a disadvantage for Suriname's Muslim traders who require swap-free trading to comply with Sharia law. An Islamic account, also known as a swap-free account, ensures that no interest is charged or earned on overnight positions. Since Fidelity does not provide this, Muslim traders would only be able to trade on a 1:1 leverage basis where no overnight financing is applied to forex positions because positions must be fully collateralized. However, securities margin trading and CFDs are not available, so the issue of swap is not as prominent as with conventional forex brokers. Some clients use external payment solutions like Skrill or USDT to mitigate interest exposure, but this does not replace an official Islamic account. If swap-free trading is essential for you, we recommend considering brokers such as IslamicFX or markets.com that explicitly offer Islamic accounts to Suriname residents.
| Feature | Details |
|---|---|
| Islamic Account Available | No |
| Swap Fees | May apply |
| Hidden Admin Fees | Verify with broker before trading |
| How to Apply | Contact support after opening standard account |
| Approval Time | Usually same business day |
| Asset Class | Examples | Available | Typical Spread |
|---|---|---|---|
| Forex Major Pairs | EUR/USD, GBP/USD, USD/JPY | All available | Check broker |
| Gold (XAU/USD) | Spot Gold | Available | — |
| Silver (XAG/USD) | Spot Silver | Available | Check broker |
| Oil CFDs | WTI Crude, Brent Crude | Available | $0.03–$0.05 |
| Stock Indices | S&P500, NASDAQ, DAX, FTSE | Available | 0.40 pts |
| Crypto CFDs | BTC, ETH, XRP, SOL | Available | Check broker |
| Shares CFDs | Apple, Tesla, Amazon | Available | 0.02% |
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|---|---|---|---|---|
| Fidelity (current) | $0 | Check broker | No | No | 3.3 |
| Pepperstone | $0 | 0.09 pips | Yes | Yes | 4.9 |
| IC Markets | $200 | 0.02 pips | Yes | No | 4.8 |
| Exness | $10 | 0.10 pips | Yes | No | 4.8 |
Fidelity is a legitimate and trustworthy US broker with excellent regulation and a long history, but it is not a forex broker in the traditional sense. For Suriname traders whose goal is retail forex trading with leverage, Fidelity fails to deliver: the 1:1 leverage, lack of MT4/MT5, and no swap-free accounts make it incompatible with standard forex trading. The $0 minimum deposit and acceptance of Skrill, USDT, and Bank Transfer are positive points, but they don't overcome the fundamental limitations. This broker is best suited for Suriname residents who want to invest in US stocks and ETFs for the long term, not for day trading currencies. If you are serious about forex, we strongly recommend exploring regulated forex brokers that cater to Suriname, offer high leverage, and support local payment methods. Fidelity is a safe harbor for stock investors, but a dead end for forex traders.