Who is Fidelcrest?
Fidelcrest, established in 2018 by forex traders and professionals, stands as a proprietary trading firm. Based in Nicosia, Cyprus, their headquarters house their operations, while their IT department finds its home in Tallinn, Estonia. Fidelcrest extends an opportunity for clients to operate with capital reaching $2,000,000 and to employ Fidelcrest Markets as their designated broker.
Fidelcrest’s management team possesses a collective experience of over 10 years within the realm of international brokerage firms. Throughout this tenure, a significant insight emerged – the challenge, if not impossibility, for the average retail trader to amass substantial profits using a conventional brokerage account. The primary hurdle was the adequacy of account funding.
At Fidelcrest, we employ a strategy of replicating all trades from funded accounts into our live coverage accounts alongside our liquidity providers. In this setup, your rightful portion of profits is disbursed during each trading period. To ensure prudent management of resources, our coverage accounts strictly adhere to comprehensive money management protocols. These protocols are vigilantly overseen by our proprietary trading software.
How it work
FIdelcrest Trader Program Process
Fidelcrest’s core activity centers on the identification, education, and assessment of forex, CFDs, and diverse trader profiles, with the aim of directing them towards trading with Fidelcrest proprietary trading company’s capital.
Launched in 2018, the Fidelcrest trading challenge serves as an evaluation program tailored for traders. Its purpose is to unearth individuals capable of consistently generating substantial, enduring profits. Upon the successful culmination of the trading challenge and subsequent verification, candidates are endorsed to the Fidelcrest proprietary firm. This endorsem*nt positions them to oversee Fidelcrest trader accounts with balances potentially reaching up to 2 million USD, accompanied by profit splits of up to 90%.
Trading Challenge – Select an account size and risk level that aligns with your abilities and profit objectives. Engage with all accessible instruments and demonstrate your proficiency as a trader capable of attaining the profit goal. Your chosen trading approach remains entirely at your discretion.
Verification – Continue trading with the Verification account and prove you weren’t just lucky in the challenge phase.
Fidelcrest Trader – Fidelcrest proprietary trading firm invites you to commence trading with their capital, free from predefined profit targets, provided you adhere to maximum loss limits. For every trading period, your commission potential extends up to 90% of all profits generated
Trading platforms: MT4 – MT5 MetaTrader
Fidelcrest Pro Trader Challenge
Pro Trader Normal and Pro Trader Aggressive
Pro Trader Normal Accounts size:
250k – €999, 500k – €1,899, 1,000,000k – €2,999
Pro Trader Aggressive:
Funded account profit splits: 90%
Maximum Loss: 20%
Maximum daily loss: 10%
Profit target for Phase 1 and Phase 2: 20%
Pro Trader Aggressive Accounts size:
250k – €1,999, 500k – €3,499
Fidelcrest Micro Trader Challenge
Fidelcrest Micro Trader Normal and Micro Trader Aggressive
Micro Trader Normal Account size:
15k – €99, 30k – €199, 60k – €299.
Micro Trader Aggressive:
Funded account profit split: 90%
Maximum loss: 20%
Maximum daily loss: 10%
Profit target for Phase 1 and Phase 2: 15%
Micro Trader Aggressive Account size:
15k – €199, 30k – €299, 60k – €399.
What makes Fidelcrest different from other prop firms?
Fidelcrest differentiates itself from most industry-leading prop firms due to its straightforward trading rules. With Fidelcrest, you can trade during news, hold trades overnight, and throughout the weekends.
In comparison to other prop firms, Fidelcrest’s Micro Trader evaluation program account follows a two-phase evaluation format, mandating completion of both phases to become eligible for payouts. In phase one, the profit target is 10%, followed by 5% in phase two for normal risk accounts. For aggressive risk accounts, the profit target is 15% for both phases. For normal risk accounts, the maximum daily loss limit is 5%, with a 10% maximum loss limit in both evaluation phases and once funded status is achieved.
On the other hand, aggressive risk accounts impose a 10% maximum daily loss limit, along with a 20% maximum loss limit in both evaluation phases and once funded status is attained. Neither normal risk nor aggressive risk accounts have a minimum trading day requirement during the evaluation phases. Micro Trader evaluation program accounts do not include available scaling plans. When compared to other industry-leading prop firms, Fidelcrest upholds industry-average trading objectives.
Fidelcrest’s Pro Trader evaluation program account differs from other prop firms in that it follows a two-phase evaluation structure. This necessitates traders to successfully complete both phases before becoming eligible for payouts. For both normal risk and aggressive risk accounts, the profit target is 10% for both phases. However, aggressive risk accounts demand a 15% profit target for both phases. Under the umbrella of normal risk accounts, there is a 5% maximum daily loss rule and a 10% maximum loss rule throughout both evaluation phases and once funded status is achieved.
Conversely, aggressive risk accounts adhere to a 10% maximum daily loss rule and a 20% maximum loss rule in both evaluation phases and after funded status is attained. There is no minimum trading day requirement for either normal risk or aggressive risk accounts during the evaluation phases. Scaling plans are not applicable to Pro Trader evaluation program accounts. When juxtaposed with other leading prop firms in the industry, Fidelcrest’s trading objectives align with industry averages.
Is getting Fidelcrest capital realistic?
When evaluating prop firms that align with your forex trading style, it’s crucial to assess the realism of their trading requirements. While a prop firm might offer an appealingly high-profit split on a well-funded account, this allure can fade if their expectations demand lofty gains per month alongside minimal maximum drawdowns ultimately, undermining your chances of achieving success.
The viability of obtaining capital through the classic challenge accounts remains substantial due to their pragmatic profit targets (8% in phase one and 5% in phase two), coupled with reasonable maximum loss regulations (5% maximum daily and 10% maximum loss).
Likewise, securing capital via the rapid challenge accounts holds promise, primarily because of their attainable profit targets (8% in phase one and 5% in phase two) and marginally below-average maximum loss thresholds (5% maximum daily and 8% maximum loss).
Taking all these factors into consideration, Bespoke Funding emerges as a highly favorable option for securing funding. The availability of two distinct funding programs, each with pragmatic trading objectives and attainable payout conditions, positions Bespoke Funding as an outstanding choice for traders seeking a realistic and conducive path to funding.
Payment Proof
Fidelcrest payment proof AUG 17 – 2023
Fidelcrest Broker Partners
Fidelcrest latest alliance introduces an enhanced trading companion: a foreign exchange clearing house that promises superior trading conditions, maintaining the remarkable 0 commission per lot structure. Meticulously crafted to cater to proprietary trading firms, this collaboration unveils elevated spreads, minimized slippage, and an improved price feed. The outcome is a harmonious symphony of trading excellence, aimed at providing traders with unparalleled advantages.
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