In today’s prop trading landscape, Fidelcrest emerges as a prominent player, offering a platform where traders can explore a space that encourages growth, stability, and substantial returns. In this article, we provide a detailed review of Fidelcrest, dissecting every corner of its operations and service offerings. From the unique business model that drives its operations to the remarkable opportunities it offers traders, this review illuminates every facet of this extraordinary firm.
- Access million-dollar account sizes for more ambitious trading
- Start earning money even during the evaluation phase
- Dive into a wide array of tradable assets
- Rest easy knowing you’re with a trustworthy partner
- Get some of the highest profit splits you’ll find in the industry
- Enjoy rapid funding to jumpstart your trading journey
- Explore infinite account options that suit your preferences
- Too many options
- The verification stage can be challenging
- Our strict max loss calculation keeps you in control
Who Are Fidelcrest?
Fidelcrest is more than just a trading platform – it’s a gateway to unparalleled trading experiences. This prop trading firm is renowned for its commitment to nurturing traders’ talents and propelling them towards profitability. Whether you’re an aspiring trader or a seasoned professional, Fidelcrest has something for everyone.
One of the standout features of Fidelcrest is its profit-sharing model. This means that traders have the chance to secure some of the highest profit splits available in the industry. This unique approach not only incentivizes success but also aligns Fidelcrest’s interests with those of its traders. As you achieve profitability, you can expect to see a direct impact on your earnings.
Fidelcrest believes in jumpstarting your trading journey. With rapid funding options, you won’t have to wait long to get into action. What’s more, Fidelcrest understands that success doesn’t always happen overnight. That’s why they offer you the opportunity to start earning money even during the evaluation phase. This supportive approach ensures that you can focus on honing your trading skills without worrying about financial pressures.
Every trader is unique, with their own preferences and aspirations. Fidelcrest recognizes this diversity and offers a range of account options to suit various trading styles. Whether you’re comfortable with smaller accounts or ready to take on more substantial challenges, Fidelcrest has you covered. For those with ambitious trading goals, Fidelcrest provides access to million-dollar account sizes, opening doors to larger opportunities.
What Are The Options For Funded Accounts On Fidelcrest?
Fidelcrest’s innovative funding program options provide aspiring traders with a structured pathway to demonstrate their skills, earn funding, and capitalize on their trading expertise. In this section, we’ll delve into the intricacies of Fidelcrest’s Normal Micro Trader and Normal Pro Trader evaluation programs, shedding light on the requirements, benefits, and opportunities they offer.
Normal Micro Trader Evaluation Program
The Normal Micro Trader evaluation program at Fidelcrest is designed to identify and reward serious and talented traders, offering them the chance to showcase their skills and gain access to funding. This program enables traders to trade with leverage of up to 1:200, amplifying their trading potential.
Evaluation Phase One
In the first phase of evaluation, traders are required to reach a profit target of 10% within 60 calendar days from the day they place their first position on their evaluation account. While pursuing this target, traders must not exceed a maximum daily loss of 5% or a maximum loss of 10%. It’s noteworthy that there are no minimum trading day requirements for progressing to evaluation phase two.
Evaluation Phase Two
Moving on to the second evaluation phase, traders need to achieve a profit target of 5% within another 60 calendar days, adhering to the same maximum daily loss and maximum loss rules. Similar to phase one, there are no minimum trading day requirements to proceed to a funded account.
The Path to Funded Accounts
Upon successfully completing both evaluation phases, traders are awarded a funded account, marking a significant achievement in their trading journey. Funded account holders are liberated from profit targets and are only bound by the 5% maximum daily loss and 10% maximum loss rules.
Payout and Profit Splits
Traders who earn funded accounts are entitled to their first payout ten calendar days from placing their first position on the funded account, provided specific criteria are met. During this period, traders need to trade for a minimum of ten calendar days while being in profit to request their first withdrawal. The profit split for funded accounts is set at an impressive 80% based on the profit generated on the funded account.
As of now, the Normal Micro Trader evaluation program accounts do not have an available scaling plan. However, the opportunity to earn a funded account and leverage Fidelcrest’s resources for growth and success remains unparalleled.
Account Rules
Fidelcrest has established clear account rules to maintain fairness and discipline within their programs:
- Profit Targets: Traders must achieve specific profit targets before advancing through evaluation phases or scaling their accounts. Phase one and phase two of the Normal Micro Trader program entail profit targets of 10% and 5% respectively. Funded accounts, however, have no profit targets.
- Maximum Daily Loss: To prevent excessive losses, all account sizes are subject to a maximum daily loss of 5%.
- Maximum Loss: Traders are also bound by a maximum loss of 10% to ensure responsible risk management.
- Maximum Trading Days: Both evaluation phases encompass a maximum trading period of 60 calendar days, emphasizing the need for timely achievement of profit targets or withdrawal goals.
- No Martingale Allowed: The use of martingale strategies is prohibited to promote sound trading practices.
- Risk Desk Team: A specialized team evaluates trading strategies to align them with the firm’s goals. If a strategy is deemed ineligible, a refund is issued for the evaluation account.
- Third-Party Copy Trading Risk: Traders intending to use third-party copy trading services should be cautious, as there is a risk of exceeding the maximum capital allocation rule and being denied funded accounts or withdrawals.
Aggressive Micro Trader and Normal Pro Trader Programs
Fidelcrest also offers Aggressive Micro Trader and Normal Pro Trader evaluation programs, each tailored to a distinct trading style and risk appetite. The rules and requirements for these programs mirror those of the Normal Micro Trader program but with different profit targets, maximum daily loss, maximum loss, and profit split ratios.
Fidelcrest’s evaluation programs provide a strategic approach for traders to prove their skills and access funded accounts. With carefully defined rules, progressive evaluation phases, and attractive profit splits, Fidelcrest empowers traders to navigate the complex world of trading with discipline, precision, and potential for growth. Whether you’re an aspiring trader seeking a platform to showcase your expertise or an experienced trader aiming for funded success, Fidelcrest’s funding program options offer a structured and rewarding path towards trading excellence.
What Sets Fidelcrest Apart from Other Proprietary Trading Firms?
Fundamentally, Fidelcrest operates as a Proprietary (Prop) Trading Firm. The firm’s approach sets it apart from competitors, chiefly due to its unwavering dedication to risk management and nurturing trading talent. Fidelcrest invests its capital into its traders, providing them with funded trading accounts. These accounts offer an unparalleled advantage by allowing traders to delve into the world of trading without bearing any personal financial risk.
The modus operandi of Fidelcrest is devised to empower traders by offering them the tools, resources, and support needed to thrive. The firm offers several trading programs, each one carefully crafted to accommodate various experience levels, trading styles, and financial goals.
As a part of its service offerings, Fidelcrest provides a vast array of trading programs, each one meticulously designed to cater to a wide range of trading styles and financial objectives. The firm’s MicroFX Program is an excellent fit for beginners, offering a low-risk environment that encourages learning. For more experienced traders with a focus on larger capital access, the ProFX Program fits the bill.
Every trading program offers traders access to Fidelcrest’s capital via funded trading accounts. This approach eliminates the financial risk usually associated with trading. The programs also encompass performance evaluations, ensuring that traders are consistently enhancing their skills and trading strateg
Is Getting Funded On Fidelcrest Realistic?
Fidelcrest operates a performance-based profit-sharing model, ensuring that traders are aptly rewarded based on their success. Traders receive up to 80% of the profits they generate with their funded trading accounts, offering an exciting incentive that aligns the interests of the firm and its traders.
At its core, Fidelcrest is built on a solid foundation of transparency and trust. The firm operates with full disclosure, providing clear and concise information about its trading programs, profit-sharing model, risk management policies, and funded trading accounts. This commitment to transparency cultivates a trusting relationship between the firm and its traders, strengthening the community and enhancing operational efficacy.
Risk management is woven into the fabric of Fidelcrest’s operations. The firm has implemented stringent risk management policies to ensure the security of its capital and maintain the sustainability of its trading activities. Traders are guided through Fidelcrest’s risk management strategies, emphasizing the critical role risk management plays in attaining long-term success.
Fidelcrest is not merely a prop trading firm. It’s a vibrant community of traders that fosters learning and collaboration. The firm places a strong emphasis on professional development, offering comprehensive educational resources. These resources range from webinars and e-books to personalized coaching sessions, further enhancing the utility of their funded trading accounts.
Which broker does Fidelcrest use?
In terms of trading technologies, Fidelcrest sits at the vanguard. The firm equips its traders with state-of-the-art trading platforms, such as MetaTrader 4 and MetaTrader 5. These platforms provide traders with comprehensive tools and resources that include real-time market data, advanced charting capabilities, and a multitude of trading instruments.
Frequently Asked Questions (FAQs)
What is Fidelcrest?
Fidelcrest is a proprietary trading firm that offers individuals the opportunity to trade its capital and share in the profits. It aims to find skilled traders and enable them to succeed in the financial markets.
How does Fidelcrest’s trading program work?
The trading program offered by Fidelcrest allows traders to show their skills in a simulated environment first. Upon successful completion of this phase, the trader can then manage Fidelcrest’s live capital and earn a share of the profits.
What are the criteria to become a trader with Fidelcrest?
Fidelcrest requires potential traders to pass a Trading Challenge which tests their ability to manage risks and make profitable trades. Each trader must adhere to specific trading rules and reach the target profit without exceeding maximum loss limits.
What are the benefits of trading with Fidelcrest?
The primary benefit of trading with Fidelcrest is the opportunity to trade with a larger capital base than a trader may have access to on their own. Traders also gain access to a professional trading platform, along with a supportive community of other traders.
What risk controls does Fidelcrest have in place?
Fidelcrest enforces strict risk controls, including a maximum daily loss limit and a maximum loss limit for the entire trading account. It is designed to protect both the trader and the firm’s capital.
What trading platforms can I use with Fidelcrest?
Fidelcrest supports multiple trading platforms, including MetaTrader 4 and MetaTrader 5.
What markets can I trade in with Fidelcrest?
Fidelcrest offers trading in a wide range of markets, including Forex, commodities, indices, and more.
How much profit can I make as a trader with Fidelcrest?
The profit potential largely depends on a trader’s skills, strategy, and market conditions. Fidelcrest’s profit sharing arrangement allows traders to earn a substantial portion of the profits they generate.
Fidelcrest Customer Support and Help
Email: support@fidelcrest.com
Social Media Profiles
Fidelcrest can also be found on social media on the following channels:
- Instagram profile with 7,668 followers
- Twitter account with 2,996 followers
- Discord channel has 4,292 members
- Facebook page with 13k followers
Fidelcrest Trust Pilot Reviews
Fidelcrest has a received great customer feedback from its traders on Trust Pilot. With an overall score of 4.6 out of 5 from 1,052 reviews.
Conclusion
Every aspect of Fidelcrest, from its comprehensive trading programs and cutting-edge technologies to its robust risk management policies and commitment to professional development, converges to make it an exceptional prop trading firm. Fidelcrest presents traders with a unique opportunity to trade without risk, learn from experienced professionals, and share in the profits of their success. The funded trading accounts offer a pathway to trading success without personal financial risk, solidifying Fidelcrest’s position as a leading prop trading firm.
FAQ’s
Fidelcrest offers two main types of accounts: Micro Trader and Pro Trader. Micro Trader accounts come with virtual funds of $10,000, $25,000, or $50,000, while Pro Trader accounts provide options of $150,000, $250,000, and $500,000.
Traders need to first acquire a Challenge account and successfully complete the challenge to trade with Fidelcrest. The challenge includes ambitious profit targets and stringent loss limits set by Fidelcrest.
The starting fee for a Challenge account is €99. On average, Fidelcrest charges about $2 per trade, which is relatively low compared to other proprietary trading firms. There are no charges for withdrawals or deposits from Fidelcrest, although third-party service fees might apply.
Traders can promptly request a withdrawal once they accumulate notable profits. The withdrawal process is swift, with funds being processed either instantly or within a span of up to 3 business days. Multiple withdrawal methods are available including bank transfers, PayPal, and both credit and debit cards.
Fidelcrest provides high-quality technical support accessible via live chat or email. The support is multilingual and operates 24 hours a day from Monday to Friday. However, there is no direct phone support, and customer support is not available during weekends.
