Fidelcrest vs FTMO 2024

Jeremy Biberdorf
By: Jeremy Biberdorf
 

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Proprietary trading firms, such as Fidelcrest and FTMO, have become popular among forex traders looking for additional capital and resources to improve their trading strategies. Both firms offer traders the opportunity to trade with company funds after successfully completing a trading challenge.

Fidelcrest is Better For:FTMO is Better For:
Remote Prop TradingTrading Evaluation
Flexible Trading CapitalFunded Trading Accounts
Automated TradingReal-Time Trading Data

In this article, we will compare Fidelcrest and FTMO across three key factors: Trading Challenge, Funding Programs, and Trader Support. By the end of this article, you will have a better understanding of which platform is best suited for your forex trading needs.

Fidelcrest FTMO
Service Type Remote Prop Trading, Automated Trading, and Scalping Trading Evaluation and Funded Trading Accounts
Fees Subscription-Based Program, with No Risk of Loss One-Time Payment for Evaluation, with No Monthly Fees
Customer Support Email Support, Community Forum, and Trading Resources Email Support, Live Chat, and Trading Resources
Best Use Traders Seeking Flexible Trading Capital and Automated Trading Traders Seeking Funded Trading Accounts and Trading Evaluation
Current Promotion

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Save 15% with Coupon Code MM-15

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Modest Money Overall Rating
4.5 rating based on 5 ratings
4.5 rating based on 5 ratings

Factor 1: Trading Challenge

Fidelcrest: Three-phase evaluation process

  • FTMO: Two-stage challenge
  • Fidelcrest: Different challenge levels
  • FTMO: Fixed challenge parameters

Fidelcrest

Fidelcrest’s trading challenge consists of a three-phase evaluation process, which assesses a trader’s ability to manage risk, maintain consistent profits, and adhere to the company’s trading rules. The three phases include the MicroFX Challenge, ProFX Challenge, and a Live Account Evaluation. Traders can choose from different challenge levels, each with varying account sizes, profit targets, and maximum drawdown limits. The flexibility in challenge levels allows traders to select an evaluation that best aligns with their trading style and risk tolerance.

FTMO

FTMO offers a two-stage trading challenge: the FTMO Challenge and the Verification stage. The FTMO Challenge requires traders to demonstrate their ability to achieve a specific profit target while adhering to maximum loss limits and other trading rules. The Verification stage has more relaxed objectives, focusing on consistency and risk management. FTMO’s challenge parameters are fixed, with traders having to choose between account sizes of $10,000, $25,000, $50,000, and $100,000. While this may be less flexible than Fidelcrest’s offering, it allows traders to focus on proving their skills within a set framework.

Factor 2: Funding Programs

Fidelcrest: Up to $2,000,000 in funding

  • FTMO: Up to $800,000 in funding
  • Fidelcrest: Progressive growth model
  • FTMO: Possibility to manage multiple accounts

Fidelcrest

Fidelcrest offers traders the opportunity to receive up to $1,000,000 in funding after successfully completing their trading challenge. The company operates on a progressive growth model, allowing traders to start with smaller account sizes and gradually increase their funding as they demonstrate consistent performance. This growth model provides traders with a structured path to increasing their capital and potential profits. With a scaling plan after the challenge, traders can get as high as $2,000,000 in capital.

FTMO

FTMO provides successful traders with account sizes up to $800,000, depending on their performance during the trading challenge. While this is a lower maximum than Fidelcrest, FTMO allows traders to manage multiple funded accounts, potentially increasing their total trading capital. This flexibility can be appealing to traders who wish to diversify their strategies across multiple accounts or work towards managing larger sums of capital.

Factor 3: Trader Support

Fidelcrest: Trading tools and resources

  • FTMO: Comprehensive trader support
  • Fidelcrest: Educational materials
  • FTMO: Access to proprietary applications

Fidelcrest

Fidelcrest offers a range of trading tools and resources for its traders, including access to the MetaTrader 4 and MetaTrader 5 platforms, Virtual Private Servers (VPS), and other trading software. The company also provides educational materials, such as articles and videos, to help traders improve their skills and knowledge. While Fidelcrest’s trader support may not be as extensive as FTMO’s, it still offers valuable resources for traders looking to enhance their trading experience.

FTMO

FTMO’s comprehensive trader support includes access to proprietary applications designed to help traders monitor their performance and manage risk. Some of these applications include the FTMO Trader App, the Account MetriX, and the FTMO Challenge App. In addition to these tools, FTMO offers a free trading course, webinars, and a blog to help educate traders on various aspects of forex trading. The company also provides customer support through email and live chat, ensuring traders have access to assistance when needed. FTMO’s robust trader support system can be a significant advantage for traders seeking a comprehensive platform to help them grow and succeed in the forex market.

Fidelcrest vs FTMO: Our Summary

Both Fidelcrest and FTMO offer valuable opportunities for forex traders to access additional capital and resources to enhance their trading strategies. While each platform has its unique strengths, your choice will ultimately depend on your individual trading goals and preferences.

Fidelcrest offers a flexible trading challenge with different levels, catering to various trading styles and risk tolerances. The company’s progressive growth model allows traders to gradually increase their funding as they demonstrate consistent performance. Fidelcrest also provides access to trading tools and educational materials, making it an attractive option for traders seeking a supportive and adaptable funding program.

Click here to learn more about Fidelcrest.
Learn More About Fidelcrest
FTMO, on the other hand, offers a structured two-stage trading challenge with fixed parameters, enabling traders to focus on proving their skills within a set framework. While the maximum funding available may be lower than Fidelcrest, the ability to manage multiple accounts allows traders to diversify their strategies and potentially access more significant capital. FTMO’s comprehensive trader support, including proprietary applications and educational resources, makes it an excellent choice for traders seeking a robust platform to help them succeed in the forex market.

Click here to explore FTMO’s offerings.

Learn More About FTMO
Ultimately, choosing between Fidelcrest and FTMO will depend on your specific trading needs and preferences. If you prioritize a flexible trading challenge and a progressive growth model, Fidelcrest may be the better choice for you. However, if you value a structured trading evaluation and comprehensive trader support, FTMO may be the more suitable option. Take the time to carefully assess each platform’s unique offerings to ensure you make the best decision for your forex trading journey.