Fidelcrest Review 2024

Fidelcrest Overview

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, I’d recommend the latter (which has an average response time of only one minute!).

External Fidelcrest Reviews & Ratings

Site	Rating
Forex Prop Reviews	5
Onlineproptrading	4.7
Trustpilot
Tradersunion	4.2

Firsthand User Experience with Fidelcrest

After spending a great deal of time reading through all of the online reviews, here are some of the most telling reviews, from traders who have experienced the platform firsthand:

Fidelcrest Customer Review Analysis

Many of the positive Fidelcrest reviews and ratings point out how responsive and helpful the customer service team is, handling any issues quickly and professionally. They also mention how the payouts are handled as expected, with no issues or strings attached.

Just like all of the other prop firms, most of the negative reviews are full of people who are angry because their accounts were banned for various reasons. In my opinion, as long as the prop trading firm lists all of the reasons an account can be banned, it is up to the trader to comply and keep their account in good standing.

If you want to dive even deeper into more reviews, you can check out the Fidelcrest Reddit reviews. Although, most of the Fidelcrest Reddit threads are populated with random comments about experiences with other prop trading firms.

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.

Pricing & Plans

Compared to other proprietary trading firms I have reviewed, Fidelcrest offers fair pricing. 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 feature 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, I put together this 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, I believe 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. In this section I 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.”

Fidelcrest Rules

Proprietary trading firms often have a maze of rules for their funding programs, but Fidelcrest stands out with rules that are refreshingly straightforward and transparent. Here’s a clear outline of their guidelines:

Profit Targets:

• Complete the Challenge phase by hitting the profit target within 30 days maximum, ensuring a minimum of 10 trading days for Normal strategy or 5 for Aggressive.
• For the Verification phase, meet the goals within 60 days, with at least 10 trading days.

Trading Management:

• Once the profit and trading day thresholds are reached, all positions must be closed.
• Only one Challenge account should be active and traded at a time.

Trading Conduct:

• Do not replicate trades from other Fidelcrest traders or use expert advisors without explicit approval from the firm.

Loss Limits:

• Adhere to daily and maximum loss limits as outlined below:

For Micro Normal and ProTrader Normal accounts:

• Daily loss limit: Up to 5% of the total balance.
• Maximum loss limit: Not to exceed 10% of the total balance.

For Micro Aggressive Swing and ProTrader Aggressive accounts:

• Daily loss limit: Up to 10% of the total funds.
• Maximum loss limit: Capped at 20% of the total capital.

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). I wouldn’t recommend this platform to traders who often struggle to find a profitable trading strategy.

That said, I 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 Alternatives

If you are looking to find a prop firm to help you leverage your trading acumen in the financial markets, but came across a red flag in my Fidelcrest review, there are a wide range of alternative trading programs out there.

FTMO is one of the major proprietary trading companies. For a one-time fee, traders can begin trading with up to $400,000 with leverage of 1:100. To see how they stack up, this Fidelcrest vs FTMO comparison will be a valuable resource.

Another great prop trading firm I must mention is TopStepTrader. With 5,000 accounts funded just last month, TopStepTrader is exploding in popularity. To see what successful traders like most about them, check out my TopStepTrader review.

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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