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Based on my thorough evaluation and recent observations, I consider Fidelity to be a legitimate financial institution with a strong regulatory standing. My confidence primarily comes from the clear regulatory oversight by the Securities and Futures Commission (SFC) in Hong Kong, where Fidelity holds a valid license for dealing in futures contracts. I find this particularly important because SFC is recognized for its stringent regulatory requirements, which directly enhances investor protection and operational transparency. Fidelity’s established presence—having been active for over two decades in both Japan and Hong Kong—also contributes to my trust. Over time, I’ve learned that longevity and continued regulatory compliance are strong indicators of a broker's legitimacy and commitment to fair practices. Furthermore, I appreciate Fidelity’s focus on diverse, long-term investment products like mutual funds, retirement schemes (MPF/ORSO), and multi-asset strategies, rather than more opaque instruments like FX or CFDs. This minimizes product complexity and reduces potential conflicts of interest. However, I have noted that there is no demo or Islamic (swap-free) account available, and the fee structure can be relatively high for smaller investment balances. While these factors do not compromise legitimacy, they do require careful consideration for prospective investors. Overall, in my experience and judgment, Fidelity demonstrates the hallmarks of a reputable, strictly regulated firm. I advise anyone interested to review its product scope and fee terms diligently before committing funds.