Find out the major disadvantages of FidelCrest Proprietary Trading Firms and alternatives with lower fees and more security. Unbiased FidelCrest Alternatives reviews.
So which Proprietary Trading Firms are better than FidelCrest? Want to jump straight to the answer? OspreyFX is the best alternative broker to FidelCrest for September 2022

2.8 / 5

Rating breakdown

Challenge difficulty
70%
3.5/5
Support
60%
3.0/5
Trading Fees
30%
1.5/5
Payout scheme
60%
3.0/5

Things we didn't like:

 Unregulated (as not a broker)
 30-day trading period
 Oppressive trading rules
 No telephone customer support

Why would you want an alternative to FIDELCREST?

Be warned that while FidelCrest dangles an enticing carrot in front of traders' noses (up to 2 million USD funded account with up to 90% profits taken home!) this comes at a literal cost. The Pro Trader Normal Account, with starting capital of $150,000 come with a fee of €649. To trade with $1 million starting capital (virtual money) will set you back €2,899 (your real money). The Pro Trader Aggressive is more expensive still, with an initial fee of €999 for the smallest account size.

Traders should also read the small print of the trading rules and requirements. FidelCrest can change the challenge fees and requirements at any time, and traders will have their accounts suspended without the option of a refund if they are not activated within 30 calendar days. Traders have complained about being forced to trade specific lot sizes and being told they had failed the challenge even after meeting the profit target of 10%. Others pointed out the delays in accessing stage 2 or being of being outright ignored after passing the first part of the challenge.

So, it would appear that “all that glisters is not gold.” FidelCrest certainly has the stars to its name and brand recognition. However, when you ask around the traders with a real-hand experience of taking the FidelCrest Trading Challenge it would appear It has some trust holes to fill. While FidelCrest is the chosen and preferred prop firm of many a user, there are many disgruntled traders out there waiting to be rightfully brought onto stage 2, or complaining they were unfairly dismissed on restrictive lot sizes. While the rewards are great, traders should be cautioned to ensure they are ready to stand the risk of not getting their entry fees back.

What to look for in a FIDELCREST Alternative?

With the above in mind, here is what we would suggest as an alternative to FidelCrest: a propriety trading firm which fills in the gaps above. Ideally you want to keep the good and add the missing features.

Best FIDELCREST alternatives – Proprietary Trading Firms like (or better than) FIDELCREST

4.3 / 5

Rating breakdown

Challenge difficulty
90%
4.5/5
Support
80%
4.0/5
Trading Fees
90%
4.5/5
Payout scheme
80%
4.0/5

Things we liked:

 15% Exclusive Discount Code (SBOCOUPON)
  The OspreyFX team is reliable and helpful
 highly transparent - easy track and analyze results

Things we didn't like:

 Relatively new player in the funded account offering
 An entry fee to sign up for the challenge.

#1
OspreyFX Overview

OspreyFX is a powerhouse broker that offers leverage of up to 1:500 to trade forex, crypto, stocks, or more. They recently launched the OspreyFX Funded Account Challenge, a chance for traders to manage $100,000 with zero risk.

3.6 / 5

Rating breakdown

Challenge difficulty
90%
4.5/5
Support
50%
2.5/5
Trading Fees
60%
3.0/5
Payout scheme
90%
4.5/5

Things we liked:

 FTMO charges a one-time fee only
 FTMO has generous conditions for its traders

Things we didn't like:

 Complaints about the platform freezing
 Complaints about lack of customer support

#2
FTMO Overview

FTMO is the latest in a burgeoning series of scouting programs. Propriety trading firms or “prop firms” put traders to the test (for a fee) through evaluations and challenges. The lucky few who pass are then funded with capital, and successful trades are split down a percentage with the broker. As scouting firms go, FTMO is an excellent all-rounder. Alongside a decent 80% payout for successful traders, FTMO equips users with webinars, workshops, and coaching.

3.5 / 5

Rating breakdown

Challenge difficulty
90%
4.5/5
Support
40%
2.0/5
Trading Fees
70%
3.5/5
Payout scheme
80%
4.0/5

Things we liked:

  it takes a low percentage cut on your profits

Things we didn't like:

 Not one-off payment
  Challenges perceived to be too hard or pointless

#3
Topstep Overview

Founded in 2012, TopstepForex has become one of the biggest proprietary trading sites online. Topstep FX is based in the USA, but it is available for everyone to use worldwide. Traders are invited to join their "forex funded trader program," which gives them the chance to use Topstep FX's money (and gain a healthy cut of the profits), without risking their capital.

FidelCrest Alternatives Frequently Asked Questions (FAQs):

Are there any sites like FidelCrest?
Yes, there are many sites offering similar services like FidelCrest. Those include My Forex Funds, City Traders Imperium and many more. If you are to look for an alternative to FidelCrest for your crypto trading needs, then you must make sure it is one with a better offering.

Are you Satisfied with what They Offer?