Fidelcrest Review 2023
 | By: Jeremy Biberdorf | Jan 30, 2023 |
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).
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 in this Fidelcrest review!
| Service Type | Fees | Promotion |
|---|---|---|
| Prop company | €649 - €2,899 | N/A |
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
- Discourages inconsistent strategy
- No copy trading
What is Fidelcrest?
Fidelcrest is a prop 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 trading days or minimum profit target—vary between challenges, and the challenge attempted will also affect a trader’s final profit split. Fortunately, the specific details 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!).
Features
Like other prop firms, Fidelcrest requires traders to pass a multi-step program before they can qualify for funded trading with real money. 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 30-day trading period, the conditions from phase one are doubled in the 2nd phase.
30 days for review are provided in the “Challenge” phase; 60 days are included in the “Verification” phase. The profit target is the only thing that stays the same in the Verification stages. Maximum loss (and maximum daily loss) 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. However, they’re not offered multiple trading platforms. At the moment, only MetaTrader 4 is supported.
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 €649 ($150k “Normal” challenge) to as much as €2,899 ($1m “Normal challenge/$500k “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.
At the moment, traders have the free bonus option of redeeming a “Double Your Capital” or “Second Chance” offer: check the website for specific details.
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.
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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