Have you ever wanted to show off how good you are at trading and make money from it? Say hello to Fidelcrest Trading Platform. It’s a prop trading firm looking for people like you who are great at trading. Whether you like to play it safe or take big risks for huge rewards, they offer challenges that could give you up to $2,000,000 to trade with. And guess what? You could keep up to 70% of the profits if you do well.
You can trade the way you like, including over the weekend or when big news hits, and choose between two popular trading systems, MT4 or MT5. There is no need to worry about strict rules like stopping your trade at a certain point.
Ready to see if you can be one of the best traders with Fidelcrest? Check out our full review to see if this prop trading is a good fit for you.
Fidelcrest Overview
Fidelcrest is a proprietary trading company founded by seasoned Forex market pros with over a decade of experience in brokerage services. Established in Cyprus in 2018, it connects with traders globally, including those in the USA.
The company stands out by offering one of the highest profit shares in the sector, with traders keeping up to 70% of their earnings. From the start, traders can manage a funded account of up to $1 million, bypassing the need for complex advancement schemes.
Account Types: Micro Trader and Pro Trader (Normal & Aggressive)
Fidelcrest presents an extensive selection of trading packages, divided into two principal categories: Micro Trader and ProTrader. Each category offers options for Normal and Aggressive trading modes.
Designed for traders ready to navigate higher risk, aggressive accounts come with higher costs but also have the potential for greater profit targets.
For Micro Trader Normal mode, fees begin at €149 for managing a $15,000 fund, €249 for a $30,000 fund, and €349 for a $60,000 fund. Micro Trader Aggressive mode, with its modified rules for higher risk, starts at €249 for managing a $15,000 fund, €349 for a $30,000 fund, and €449 for a $60,000 fund.
In the Pro Trader category, Normal mode fees are set at €1,299 for managing a $100,000 fund and €2,199 for managing a $200,000 fund. The Aggressive mode, tailored for those seeking even greater challenges, is priced at €2,299 for a $100,000 fund and €3,799 for a $200,000 fund.
To ensure you have the latest information on pricing and terms, it's recommended to consult the official Fidelcrest website at https://fidelcrest.com/, as details may vary over time.
How Does the Fidelcrest Trading Challenge Work?
To access Fidelcrest's funded accounts, traders must successfully complete an evaluation, which is divided into two stages:
Phase 1: Trading Challenge - This stage has profit goals of 14%, whether you choose a Normal or Aggressive account, within a maximum timeframe of 60 days.
It's crucial to understand that after passing the Challenge phase, you must provide the necessary KYC (Know Your Customer) documents in the Trader section and digitally sign an agreement with the firm to move on to the Verification phase.
Phase 2: Verification - This 60-day period has the same profit targets, and successful traders earn 40% or 50% of the profits upon completion.
Traders who pass the verification phase and meet certain requirements will progress to a live-funded account and get the chance to trade with Fidelcrest's money. Trading funds start at $15,000 and can go up to $2 million.
Be aware that verification periods begin on Mondays, and you'll receive your account login details via email at least 4 hours before the scheduled start time.
Fidelcrest Evaluation Fees & Profit-Share
Fidelcrest charges a one-time evaluation fee for each evaluation period, which varies from €149 to €3,799. You can pay using bank transfers, debit/credit cards, Skrill, or Neteller. Be sure to use a Fidelcrest coupon code to get a 15% discount.
This firm stands out by offering 60 days to meet a profit target of 5% to 10%, providing double the usual time and a more achievable goal compared to many other prop trading firms.
If traders don't hit the profit target without breaking any trading rules, they can attempt the evaluation again, thanks to Fidelcrest's policy of unlimited retries. Once traders are approved, they receive a full reimbursem*nt of their evaluation fee with their first profit share.
In terms of profit sharing, Fidelcrest leads with one of the most generous offers in the industry, allowing prop traders to keep 70% of their earnings.
What are the Trading Rules at Fidelcrest?
Once prop traders select their preferred evaluation account type, pay the fee, and make their initial trade, a 60-day evaluation period commences.
For Normal micro accounts, the first and second phases have a 15% profit target, with a daily loss cap of 2% and a maximum drawdown of 3%.
Opting for the Aggressive option raises both the daily loss and maximum drawdown limits to 3% and 7%, respectively, with the profit targets for both phases set at 10%. Fidelcrest offers a generous 60-day window to reach these goals, doubling the typical 30-day period provided by most prop firms.
Pro normal accounts mirror the micro normal ones, with consistent 10% profit targets for both phases, whereas the aggressive variant demands a 14% gain. There are 10% profit targets for both Pro Trader Normal and Aggressive funded accounts.
Should traders not adhere to the rules, their accounts will be closed. However, Fidelcrest allows traders who miss the profit targets without breaking any rules to retry.
Withdrawing Profits
Taking out your earnings is a big moment for many traders. Here's how it works: after you meet the requirements for trading with the company's money, you can send your profits to your bank account or other payment options. This usually happens quickly, within 1 to 3 days after you finish certain steps.
You have a few ways to get your money:
Good news about getting your money is there's no smallest amount you need to take out, and most of the time, you won't have to pay any fees. But, if you're sending money to a bank outside of the SEPA zone, there's a €50 fee.
Please ensure the account used for withdrawals is registered in your name.
Fidelcrest Tools and Learning Resources
When it comes to tools and educational content, Fidelcrest offers a modest selection:
The platform doesn't boast a wide array of personalized tools, but it does offer:
Customer Support
If you have any questions or problems regarding Fidelcrest, their customer support team is available to assist you through these channels:
By focusing on these services and support mechanisms, Fidelcrest aims to enhance your trading experience.
Key Differences Between Fidelcrest and Other Prop Trading Firms
While Fidelcrest might not be as well-known as FTMO or Topstep right now, it's quickly catching up. Its rules, programs, and conditions are quite similar to those of top prop trading firms. Still, it also offers unique benefits that set it apart, such as special bonuses and the chance to earn profits during the second phase of its evaluation process after passing.
When comparing Fidelcrest to other prop firms, especially those not at the very top, several distinct advantages emerge:
These features and others position Fidelcrest as a strong contender among leading firms like My Forex Funds and FTMO, earning it a spot among the top 5 prop trading firms.
An important aspect to note about Fidelcrest is its strict evaluation process. Many traders don’t make it through simply because they haven’t paid close enough attention to the rules and trading objectives.
For those interested in trading with Fidelcrest, it's crucial to thoroughly understand all the rules and objectives needed to pass the evaluation's two phases. This diligence is essential not just to become a funded trader but also to successfully maintain your live account.
Conclusion: Should You Try Trading with Fidelcrest?
Fidelcrest is a standout company among forex trading firms because it offers easy-to-understand and good trading deals. It's known for being transparent about how it works and giving traders a big share of the profits, up to 70%.
The prop trading firm is open to many trading methods within its programs for funded accounts, including computer-based and manual trading.
Information about the people running the company could be better shown. This might be something some people consider.
Even so, Fidelcrest shows itself as a top and welcoming trading company. It has easy requirements, like not having to meet profit goals every month after you pass the first test, which makes it appealing for traders who want to make a steady 5% profit every month.
With all these good points, Fidelcrest is definitely an excellent option for traders looking for a trustworthy company with clear rules and a chance to make a good amount of money.
Ready to take the trade challenge of Fidelcrest? Register now and get a 15% discount! Use our coupon code “SHINY15”.
