Fidelcrest Review 2023: Falsified or Fantastic Prop Firm?
In a nutshell: Fidelcrest LLC is a proprietary trading firm (founded in 2018) that offers those who pass its trading challenge and verification phase a profit split of up to 90%.
Traders get to choose between the “Normal” and the “Aggressive” trading challenge (with the latter offering a higher profit split after the challenge phase is complete). With starting capital between $250,000 and $1,000,000 for the “Pro Trader” or $15,000 – $60,000 for “Micro Trader”.
At Fidelcrest you can copy-trade, enjoy zero minimum trading days, trade on weekends, engage in news trading, and trade without mandatory stop-loss or consistency rules. Additionally, you can choose between the popular MT4 or MT5 platform
For an experienced trader, these challenges should be realistic to pass, but that doesn’t necessarily imply they’ll be easy either. Find out all the details below in this Fidelcrest review!
| Service Type | Fees | Promotion |
|---|---|---|
| Prop Trading Firm | €99 - €5,998 (with add-ons) | Use Coupon Code: MM-15 to save 15%! |
Fidelcrest is best for…
The experienced trader who has the trading skills necessary to produce positive results consistently. Fidelcrest allows traders to use any trading styles that they wish, but the company values consistency more than many alternative firms.
It’s entirely possible to be disqualified for not using a consistent strategy, making it important to identify and stick with a profitable strategy early on.
- Reasonable trading objectives
- Up to 90% profit split
- Excellent customer support team
- MT4 & MT5 Platforms Supported
- Zero Minimum Trading Days & Trade on Weekends
- Discourages inconsistent strategy
Table of Contents
What is Fidelcrest?
Fidelcrest is a prop trading firm based out of Nicosia, Cyprus. The company is relatively new, having been founded in 2018. Like many other proprietary trading firms, Fidelcrest LLC offers skilled traders the opportunity to become funded traders (required they can meet the trading conditions outlined in their various challenges).
Challenge specifics—such as profit target and maximum loss limits—vary between challenges, and the challenge attempted will also affect a trader’s final profit split. There is no minimum trading days required across any of their challenges, and traders can also trade on the weekends. The specific’s of each challenge are clearly defined on the company’s website.
One thing that sets this company apart from the competition is its excellent customer support. CS can be contacted via email, Facebook chat, or Live Chat. However, we’d recommend the latter (which has an average response time of only one minute!).
External Fidelcrest Review & Ratings
| Site | Rating | |
| Trustpilot | 4.6 from 1,016 reviews | |
| Tradersunion | 4.2 | |
| Forex Prop Reviews | 5 | |
| Onlineproptrading | 4.7 |
Features
Like other prop firms, Fidelcrest requires traders to pass a multi-step evaluation phase before they can qualify for funded trading with real capital. Traders have the option to choose between normal risk and aggressive risk when they sign up.
Nearly any type of trading strategy—such as news trading—is allowed, but the use of robo-traders or third-party traders isn’t permitted.
Both types of challenges offer multiple levels of initial capital. The profit target for “Normal accounts” is 10%; it’s 20% for “Aggressive accounts”. The challenges are split into two sections: the Trading Challenge and the Verification stage.
Challengers will need to use a consistent strategy across stages in phases as the conditions change. Whereas the first phase has a trading period of 30 calendar days, the conditions from phase one are doubled in the 2nd phase. There are zero minimum trading days, and traders can trade on the weekends as well.
30 days for review are provided in the “Challenge” phase; 60 days are included in the “Verification” phase. The profit objective is the only thing that stays the same in the Verification stages. Maximum loss (and maximum loss limit) are both doubled in this phase, reducing stress for traders.
Traders will have various financial instruments available to them including stocks, CFDs, cryptocurrencies, commodities, metals, and forex trading. However, they’re not offered multiple trading platforms. Meta
Pricing & Plans
Fidelcrest offers fair pricing when compared to other proprietary trading firms. Depending on the challenge you take, prices vary from as little as €99 ($15k “Micro Trader” challenge) to as much as €3,499 ($500k Pro Trader Aggressive challenge).
Available financial instruments, supported trading platforms, and profit targets stay consistent within each category (regardless of the level of funding you’re after.). There are no membership fees once you qualify for a funded account.
They also features unlimited free retries!
How to Get Started with Fidelcrest?
If you’re considering taking on the Fidelcrest challenge and aiming to become a funded trader, here’s a step-by-step guide on how to get started with Fidelcrest:
- Visit Fidelcrest’s official website: Head over to the Fidelcrest website to explore their offerings and understand their trading challenge requirements.
- Choose your challenge: Select between the “Normal” and “Aggressive” trading challenge based on your risk tolerance, experience, and desired profit split.
- Register for an account: Create an account by providing your personal information and agreeing to their terms and conditions.
- Pay for your challenge: Choose your desired level of initial capital and pay the corresponding fee for the challenge you selected.
- Download the MetaTrader 4/5 platform: As Fidelcrest currently only supports the MetaTrader 4 & 5 platform, you’ll need to download and install it on your computer or mobile device.
- Connect your Fidelcrest account: Once you have the MetaTrader 4/5 platform installed, connect your Fidelcrest account to the platform using the provided login details.
- Begin trading: Start trading using your preferred strategy, while ensuring you abide by the rules and requirements set forth by Fidelcrest. Make sure to maintain a consistent strategy to avoid disqualification.
- Complete the Trading Challenge: Meet the profit targets and other requirements within the 30-day period of the “Challenge” phase.
- Advance to the Verification stage: If you’ve successfully completed the Trading Challenge, you’ll move on to the “Verification” stage, which lasts 60 days. Here, you must continue to maintain your trading performance and meet the specified requirements.
- Become a funded trader: Once you’ve passed both the Trading Challenge and Verification stage, you’ll be eligible to receive a funded account, allowing you to trade with real money and earn a profit split of up to 90%.
Remember, Fidelcrest is best suited for experienced traders who can demonstrate consistent and profitable trading strategies. If you’re confident in your trading abilities and want to take advantage of the high-profit splits offered by Fidelcrest, getting started with their trading challenge could be the next step in your trading career.
Fidelcrest Trader Support and Resources
Fidelcrest provides traders with valuable support and resources to help them succeed in their trading challenges and become funded traders. This section will discuss the various support channels and educational resources available to traders who sign up for a Fidelcrest challenge.
Support Channels
Fidelcrest prides itself on offering excellent customer support to its traders. They have a dedicated team that can be reached through multiple channels:
- Live Chat: This is the most recommended channel for immediate assistance, with an average response time of just one minute. The live chat feature can be accessed directly from the Fidelcrest website.
- Email: For less urgent queries, traders can send an email to the support team. The email address is listed on the website, and the team aims to respond within 24 hours.
- Facebook Chat: Fidelcrest is also active on social media, and traders can reach out to their support team via Facebook Messenger.
Educational Resources
While Fidelcrest does not offer a comprehensive educational program, they do provide some resources to help traders improve their skills and become more consistent in their trading strategies:
- Blog: Fidelcrest’s blog features articles on various trading-related topics, including market analysis, trading strategies, risk management, and more. The blog is updated regularly, and traders can gain valuable insights from these articles.
- Webinars: Fidelcrest occasionally hosts webinars for traders, covering different aspects of trading, such as technical analysis, fundamental analysis, and trading psychology. These webinars are a great way for traders to learn from experienced professionals and enhance their trading skills.
- Social Media: Fidelcrest’s social media channels, such as Facebook, Twitter, and Instagram, often share trading tips, market news, and other useful information for traders. Following these channels can help traders stay informed and make better trading decisions.
- Trading Community: Fidelcrest has a community of traders who share their experiences, insights, and advice with one another. Joining this community can provide traders with valuable support and learning opportunities.
High-Quality User Experience at Fidelcrest
One of the most commendable aspects of Fidelcrest is their relentless focus on providing a high-quality user experience to their traders. The firm has painstakingly designed its platform, policies, and customer service channels to ensure a seamless, rewarding experience for every trader, regardless of their level of experience or trading style.
Website Interface and Platform Usability
Fidelcrest’s website is designed with user-friendliness at its core. The interface is intuitive and straightforward, with clear navigation tabs that make it easy to access essential information about the trading challenges, pricing, and available support. The site is also optimized for mobile devices, which means you can access all the resources and services you need, even on the go.
Their chosen platform, MetaTrader 4/5, is one of the most renowned and reliable trading platforms globally. It’s known for its advanced charting tools, comprehensive market analytics, automated trading capabilities, and customizable interface. This guarantees that traders have all the tools and features they need to effectively execute their strategies and manage their trades.
Transparent Trading Conditions and Policies
Transparency is another crucial aspect of the user experience at Fidelcrest. All trading conditions, requirements, and policies are clearly explained on their website. There’s no hidden fine print or unclear terms, which means traders know precisely what to expect when they join the Fidelcrest community. learning opportunities.
Trading Community
Beyond the technical aspects of their platform, Fidelcrest has built a community of traders where knowledge, insights, and experiences are shared. This social aspect enhances the user experience, providing traders with a support network where they can learn from and support each other.
Fidelcrest’s emphasis on a high-quality user experience is evident in every aspect of their operations. From the clear and user-friendly website interface to the transparent trading conditions, robust customer support, educational resources, and inclusive trading community, Fidelcrest has gone above and beyond to create a rewarding and enjoyable experience for its traders.
Limitations
Fidelcrest is extremely strict when it comes to the standards they hold for active traders applying for a funded account. While they clearly state all of the requirements for professional traders on the “Challenge” page of their website, the importance of a consistent strategy isn’t highlighted.
Unfortunately, this appears to be the main reason for complaints in the past. Fidelcrest does mention that they may disqualify a trader for inconsistencies, but it’s not exactly emphasized. This has led to a few disqualified traders labeling them as a “scam company” and leaving negative reviews.
You’ll want to keep this in mind if you do try one of their challenges, as switching strategies constantly is likely to disqualify you. As the company states, “Your trading strategy is totally up to you but we’re looking for consistency with your trading during all phases.”
Is Fidelcrest Right for You?
As we’ve seen in this Fidelcrest review, Fidelcrest is one of the more competitive proprietary trading firms (both in terms of their standards and in terms of the profit share percentages they offer). We wouldn’t recommend this platform to traders who often struggle to find a profitable trading strategy.
That said, we do recommend this firm to those who can consistently profit using the same strategy. With profit share percentages of up to 90%, there’s no doubt that there’s certainly a lot of money to be made from this platform.
Fidelcrest Review – Final Thoughts
This Fidelcrest review has provided an in-depth look at the proprietary trading firm, its offerings, and the opportunities it presents to skilled traders. Fidelcrest stands out for its high profit-split percentages and its focus on consistent trading strategies. While the firm may not be suitable for everyone, it offers a great opportunity for experienced traders who can demonstrate consistent profitability.
If you’re an experienced trader with a proven track record and a solid trading strategy, Fidelcrest might be the perfect platform to help you reach new heights in your trading career. However, it’s important to keep in mind that consistency is key, and failing to maintain a consistent trading approach may lead to disqualification.
Fidelcrest offers a competitive option for traders looking to join a prop firm and benefit from a high profit-split percentage. With a clear focus on consistency and risk management, this platform can help experienced traders grow their careers and earn significant profits in the process.
Do you think you have what it takes to succeed? Click here to head over to Fidelcrest, learn the specifics, and take on the challenge for yourself!
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