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FidelCrest Trading Features

FidelCrest Trading Features. This summary is updated; however, rules frequently change. Always confirm rules with your prop firm.
Trading Feature Value
💰 Fees:  The FidelCrest Challenge with an initial capital 10k balance costs €99 (MicroTrader); 25k balance for €249(MicroTrader); 50k balance for €449(MicroTrader); 150k balance for €649; 500k balance for €1,599; 1m balance for €2,699;
🚀 Profit split:  The FidelCrest funded account challenge pays out Micro Trader and ProTrader accounts with Normal risk strategy: 80%. Micro Trader Swing and ProTrader accounts with Aggressive risk strategy: 90%
✔️ Evaluation:  The Fidelcrest has two-part evaluation process that you must pass to become a funded trader.
🎯 Profit Target:  10% for Phase 1 and 2 in Normal Mode. 20% for Phase 1 and 2 in Aggressive Mode.
⚓ Maximum drawdown (MDD)​​:  Normal Mode: 5% Maximum daily loss with a 10% Maximum loss. Aggressive Mode: 10% Maximum daily loss with a 20% Maximum loss.
⌛ Trading Period​​:  The Fieldcrest Challenge duration is 60 calendar days.
⚖️ Leverage:  The leverage offered by Fieldcrest is up to 1:100. This applies for all traders even from US, Canada and EU -countries.
🔧 Instruments:  Forex, CFDs, Cryptos, Metals, Commodities, and Stocks.
📰 Allow Trade News:  Yes in Fieldcrest Challenge and Verification.
🔄 Weekend Position:  Yes in Fieldcrest you are free to keep positions open overnight, over weekends, or holidays. The only requirement is to liquidate your positions before the trading period ends.
Read to find out about FidelCrest Forex Prop Trading Firm, what is FidelCrest Funded Account, How to Pass FidelCrest Challenge, and Much More

FidelCrest Review and Analysis

Overview

FidelCrest Proprietary Trading Firm

FidelCrest has the markings of a venture capitalist firm or high-end Wall Street brokerage. The design and feel of the site are sleek and confident. The winged lion logo oozes pride. The phases of the Trading Challenge are immediately presented in a clear comparison table exuding the apparent transparency and trustworthiness of FidelCrest. Does the challenge lose its shine when you get up close? In this review, we have gone under the hood of the FidelCrest Trading Challenge to see whether it lives up to the hype.

FidelCrest: What’s it all about?

  • FidelCrest has its inbuilt trading platform. They offer raw spreads starting from 0 pips and 0 commissions.
  • Traders can choose between over 175 instruments from forex, stocks, indices, commodities, metals, and more.
  • FidelCrest grants leverage of up to 1:100 – regardless of traders’ geolocation.
  • Traders can monitor and assess their performance with detailed analytics and account metrics.
  • Profit split of up to 90% for the traders – one of the highest of any prop firm.

FidelCrest was awarded Best Proprietary Trading Firm in UK 2022 (and 2021) by the International Business Magazine. The firm refers to its “trust and transparency” and quotes itself as winning “Best Micro Forex in Europe 2021” in the People’s Choice category at the Forex Expo last year. FidelCrest certainly has some impressive strings on its bow, but is it the best prop firm out there?

Funded Accounts

What are proprietary trading firms?FidelCrest Funded Account

Before we launch into the nitty gritty of this particular funded account challenge – we should check the fundamentals. What exactly does proprietary trading mean? Prop firms are a mutually beneficial agreement between trader and broker, whereby the former seek low-risk leverage from the latter upon passing a series of prerequisite tests or “challenges.” Only high-earning and consistently profitable traders pass the funded account challenge and can then be rewarded for their efforts with up to a quarter of a million dollars funding in which the majority of risk is assumed by the broker, and profits taken home by the trader.

Challenge Overview

FidelCrest Challenge reviewHow to Pass the FidelCrest Challenge

The FidelCrest Trading Challenge is one of the oldest in the market. Established in 2018, the challenge is hailed as an opportunity for traders to access leverage of up to two million dollars – which eclipses the maximum funding of most prop firms. The FidelCrest Trading Challenge is described as an evaluation course that sets out to recruit promising traders. The package is alluring indeed: a 5% minimum profit target, minimal trading rules and regulations, and the opportunity to trade with up to $2m with a 90% profit split in the trader’s favor.

Pro Trader vs Micro Trader

Like many prop firms, FidelCrest offers two main avenues to traders: the Pro Trader Program and the Micro Trader Program. Both approaches have inbuilt phases: the trading challenge, the verification stage, and the final funded account as a FidelCrest Trader (to the lucky winners). They have 30 days in which to prove consistent profits, with targets between 5% and 15% and maximum losses of 10% to 20%. The minimum number of trading days is 10 and traders are invited to pursue normal or aggressive trading strategies.

The verification stage continues in the same vein, except that this time traders can begin to keep a share of the profits (between 40% and 50%). Depending on the account size, this could amount to up to $20,000. The traders who make it through the second stage will then be brought onboard FidelCrest with the opportunity of trading the firm's capital and sharing the profits without assuming personal financial risk. In this final phase, the profit margin is up to 90% for the trader. The Pro Trader regulations are the same as the above, except in the second phase (the Verification Stage) traders will have the opportunity of keeping up to $30,000 of the profits.

Pros and Cons

Let’s talk about the good stuff …

  • 13 types of accounts
  • Leverage of up to 1:100
  • +1000 financial assets on offer
  • Easy withdrawals
  • No recurring fees
... and the bad
  • Unregulated (as not a broker)
  • 30-day trading period
  • Oppressive trading rules
  • No telephone customer support

Evaluation Metrics

Overall metrics

    To truly evaluate what FidelCrest brings to the trading table, we decided to score each aspect of the FidelCrest Challenge individually.
  • Challenge difficulty: The idea behind funded account challenges is essentially to headhunt profitable traders, so contestants need to know the basics of trading. What we like about FidelCrest is that it does offer a range of account sizes with accompanying challenges of varying difficulty to suit many types of traders.
  • Customer support: Not bad: like most prop firms, FidelCrest doesn’t offer telephone support. Nonetheless, the alternative means (live Chat, Messenger, and email) have a response rate of 95% and average wait time of 1 minute. Also, by avoiding call hours they are available 24/7!
  • Fee: The broad range of account sizes and tiers is reflected in the fees. These start from €99 to €1,499.
  • Payout scheme: FidelCrest doesn’t hold back when it comes to the profit split, with a generous 80% in the trader’s favor. Of course, this is the higher bracket and there have been complaints from disgruntled traders of late payouts.

Frequently Asked Questions (FAQs):

What is FidelCrest?
FidelCrest is a proprietary trading firm that offers traders the chance of accessing leverage in return for demonstrating consistent profitability. The FidelCrest Trading Challenge is tiered by ability, account size, and profit share, and the entry requirements and trading rules vary accordingly.
Is FidelCrest a regulated broker?
No, while FidelCrest is partnered with brokers that are regulated by the Financial Conduct Authority (FCA), the company itself is not a broker (they do not trade or hold funds) and therefore is not regulated in this way
Can you hold positions overnight on FidelCrest?
Yes; traders undergoing the FidelCrest Trading Challenge can keep positions open overnight, on weekends and during holidays.
How trusted is FidelCrest?
The trusted source of information on fintech matters SBO, gave FidelCrest a 2.75/ 5.00 rating based on analysing 20+ criteria and testing. FidelCrest is currently in 14th place in this ranking. FunderPro is currently rank as the number one.
What is the FidelCrest fee?
The FidelCrest Challenge with an initial capital 10k balance costs €99 (MicroTrader); 25k balance for €249(MicroTrader); 50k balance for €449(MicroTrader); 150k balance for €649; 500k balance for €1,599; 1m balance for €2,699;
Does FidelCrest offer coupons for customers?
Yes, currently, there is one FidelCrest discount coupon FPR-15 available for customers.
How can I find FidelCrest discount coupons and promo codes?
Visit the FidelCrest dedicated discount coupons page as well as by joining several discussions and conversations within relevant online groups and communities.
What is the profit split for FidelCrest?
The FidelCrest funded account challenge pays out Micro Trader and ProTrader accounts with Normal risk strategy: 80%. Micro Trader Swing and ProTrader accounts with Aggressive risk strategy: 90%
What is FidelCrest evaluation process?
The Fidelcrest has two-part evaluation process that you must pass to become a funded trader.
How do I become an FidelCrest Trader?
10% for Phase 1 and 2 in Normal Mode. 20% for Phase 1 and 2 in Aggressive Mode.
What is an acceptable max drawdown for FidelCrest?
Normal Mode: 5% Maximum daily loss with a 10% Maximum loss. Aggressive Mode: 10% Maximum daily loss with a 20% Maximum loss. Maximum Drawdown is the Distance between the highest and lowest points (maximum and minimum peak).
What is FidelCrest Trading Duration / Time restriction?
The Fieldcrest Challenge duration is 60 calendar days.
What is FidelCrest leverage?
The leverage offered by Fieldcrest is up to 1:100. This applies for all traders even from US, Canada and EU -countries.
What financial instruments can be traded at FidelCrest?
Forex, CFDs, Cryptos, Metals, Commodities, and Stocks.
Can I trade news at FidelCrest?
Yes in Fieldcrest Challenge and Verification.
Can I hold trades overnight or over the weekend?
Yes in Fieldcrest you are free to keep positions open overnight, over weekends, or holidays. The only requirement is to liquidate your positions before the trading period ends.

Traders comments and Reviews about FIDELCREST

Sites like Trustpilot provide excellent third-party social proof. Please be aware that there is no guarantee whether or not fake reviews are or are not present. These can lead to bias and compromise the reliability of reviews.
TrustPilot FidelCrest TrustPilot Customer Reviews, Feedback and Complaints
Trustpilot On Trustpilot, FidelCrest has currently 770 number of reviews with a TrustScore (the overall measurement of reviewer satisfaction) of 4.60/5.00. Reviewers embracing FidelCrest most frequently mention Clients centered company, and The best pay cut, and Helps to work with a big capital. FidelCrest also has a fast and reliable support team that will provide you with all the necessary information you require from them or if you are unsure of anything.

FidelCrest firm's reply behavior to negative reviews is up to the standard having replied to 4% negative reviews with a response time to their negative reviews in less than 90 days.

FidelCrest  Read TrustPilot Customer Reviews, Feedback and Complaints

Real Benefits according to the Positive Users' Reviews

  • Clients centered company.
  • The best pay cut.
  • Helps to work with a big capital.

Main Complains according to the Users' Reviews

  • Some negative reviews about changing rules
  • Degree of difficulty of the challenge
In my opinion, the challenge is not easy. It requires a unique set of skills and perfect execution. Only professional traders can manage to meet such requirements. And whilst the firm has come under fire in online reviews for its tough trading rules – a careful read before you sign up should help you avoid any surprises.

TrustPilot Reviews' Key takeaway

Are you Satisfied with what They Offer?