Looking for a way to invest with reduced risk and higher volumes? Fidelcrest, a proprietary trading firm founded in 2018, might be just what you are looking for. With a profit split of up to 90% for those who pass its trading challenge and verification phase, Fidelcrest offers traders the opportunity to leverage their trading gains to fast-track their way to wealth.
While these challenges are realistic for experienced traders, they won’t be a walk in the park. In this Fidelcrest review, we’ll delve into the details of what this proprietary trading firm has to offer. So, if you’re looking to become a funded trader with Fidelcrest, keep reading and discover everything you need to know.
What is Fidelcrest?
Established in 2018, Fidelcrest is a relatively new prop trading firm. Fidelcrest is based in Nicosia, Cyprus. It provides an opportunity for skilled traders to become funded traders by meeting the trading conditions outlined in their various challenges.
The challenge specifics vary between challenges, such as trading days and minimum profit targets, and the challenge attempted will affect the final profit split. Fidelcrest stands out from the competition with its exceptional customer support, which can be reached via email, Facebook chat, or Live Chat.
With over 6,000 traders from more than 170 countries, Fidelcrest offers a flexible range of account sizes to suit different experience and investment levels. Fidelcrest offers access to more than 1,000 trading instruments, including forex and cryptocurrencies, that can be traded through a variety of top platforms.
Fidelcrest Features
1. 80-90% Profit Split:
Traders can keep up to 80-90% of their profits depending on their chosen program, making Fidelcrest highly competitive compared to many other prop firms.
2. Manage Capital Up to $2,000,000:
Traders can manage accounts with as much as $2,000,000. This is an impressive amount, and traders can start handling $1,000,000 immediately with the Pro Trader Program, without requiring a scaling plan.
3. No Minimum Trading Days:
Fidelcrest doesn’t require any minimum trading days to receive a funded account, allowing traders to get funded the same day they sign up. This feature is ideal for traders who want to start trading quickly.
4. Top-Notch Customer Support Team:
Fidelcrest has a customer support team to assist traders at any time. The team is friendly, knowledgeable, and available via Live Chat to answer any questions traders may have in just a few minutes.
Fidelcrest Pricing
Fidelcrest offers 13 account types based on experience, risk, and investment. Both MicroFX+ and ProFX+ offer Normal and Aggressive accounts with leverage trading up to 1:100 and access to more than 1,000 financial instruments.
MicroFX+ is ideal for beginners, with account fees ranging from $115 to $230 and trading sizes up to $20,000. ProFX+ is for experienced traders, with account fees ranging from $405 to $1,730 and trading sizes up to $400,000.
Withdrawals are free with no minimum payment required, and any profits at the end of the 30-day trading period can be transferred to your wallet. It should be noted that transfers to bank accounts outside of the SEPA (Single Euro Payments Area) area have a $50 fee.
Make sure to check the official Fidelcrest website for current prices and conditions, as they may change at any time.
Fidelcrest Review: The Pros and Cons
Pros of Fidelcrest:
1. Ability to manage an account of up to $1,000,000 from the outset without complex scaling plans
2. One of the highest profit split schemes, with up to 90% for the trader.
3. Bonus credited up to 50% of profits made during verification when moving to the Fidelcrest live account.
4. 5% profit target in phases 1 and 2 for Micro Trader accounts.
5. A wide variety of assets are available across different markets, including forex, CFDs, stocks, and cryptocurrencies.
6. Multiple options for withdrawals, including bank transfer, PayPal, Paysafe (Skrill, Neteller), or Bitcoin
Cons of Fidelcrest:
7. The profit target in step 2 is the same as step 1, but the maximum total loss in step 2 is only half of step 1, which may make it harder to progress.
8. Maximum trading days limit of 30 days, which is not ideal for long-term strategies.
9. Limited educational materials and tools compared to other prop trading firms.
10. A two-phase evaluation process that can take up to 90 days.
Fidelcrest Alternatives
If you have got this far in this Fidelcrest review and are thinking that it might not be right for you, read on, because we have found some quality alternatives. If you would like a prop trading firm that offers extensive educational resources, Earn2Trade might be best for you.
Earn2Trade’s Career Path program gives you all the resources to gain the knowledge needed to become a successful trader. You can read more about them in this best prop trading firms article.
If you like to capitalize on market volatility caused by news releases, FTMO is worth a look. They even offer a free trial to test out before committing to their premium membership. Read more about FTMO in this best funded stock trading accounts article.
Is Fidelcrest Right For You?
Whether you’re an experienced trader or just starting out, Fidelcrest has something to offer. Experienced traders can get funded instantly by passing the Trading Challenge and reaching the minimum profit target, while new traders can benefit from Fidelcrest’s tailored programs.
With reliable customer support, clear trading goals, and the ability to trade multiple instruments, Fidelcrest is a great choice for most prop traders. Ready to take on the challenge and see if Fidelcrest is right for you? Click here to learn more and start your journey towards success.
