Fidelcrest Review: Experience, Cons & Pros

Fidelcrest is a prop investment firm specializing in forex trading that offers traders worldwide investments of up to $400,000.

Fidelcrest

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Fidelcrest Rating: 9,2

Fidelcrest Features:

  • Funding up to $400,000
  • Scalable up to $800,000
  • Profit sharing up to 80%
  • Leverage 1:100
  • Not always a good reputation
  • Low funding for novice traders

Fidelcrest Trading Firm Review

Fidelcrest Review

What is Fidelcrest?

Fidelcrest is a global trading company based in Cyprus, Nicosia. Founded in 2018, Fidelcrest gives experienced traders access to accounts with real funds up to $800,000, thus allowing them to make a difference in their lives.

Fieldcrest’s management team consists of traders and Forex professionals with over a decade of niche experience working for global brokerage firms.

According to Fidelcrest, its mission is to help retail clients gain and increase their profits over the long term. Fidelcrest has more than 6,000 traders from all over the world. The company offers a wide range of account size options designed for traders with different levels of expertise and needs.

The trading challenge at Fidelcrest, like everywhere else, begins with an evaluation period. You will be given a demo account with predetermined rules. Once you complete the trial period and prove your knowledge, you will be able to get funded and trade with over 1,000 trading instruments.

All Fidelcrest account holders should be aware that the company adheres to strict rules described in the Trader’s Agreement. Violation of these rules will result in a suspension of the account.

Fidelcrest How Does it Work

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Fidelcrest offers one of the largest profit splits in the industry at 80%, for which they attract over 6,000 traders. Fidelcrest offers a scaling plan up to $400,000. An additional 25% is added to your account for every 15% profit you make over a 3-month period.

Fidelcrest Features and Highlights

💼 HQ Cyprus, EU
💰 Profit Split up to 90%
🌱 Trial 30 Days
🖥️ Technology Browser-based application
➕ Features Forex funded trading accounts
📈 Trading Platforms
WebTrader
💸 Deposit Methods
Credit/Debit Card, Bank Transfer

Fidelcrest Trustpilot reviews

Fidelcrest trustpilot reviews

Top benefits in user’s opinion:

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

Bad benefits in user’s opinion:

  • Some negative reviews about changing rules

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.

How to start?

Fidelcrest has a thorough verification process to ensure you have a consistent strategy that will help you meet your profit goals. Follow these steps to become a qualified prop trader with Fidelcrest:

1. Choose an account

Fidelcrest offers 13 different accounts depending on your desired level of risk (Normal vs. Aggressive) and your experience and capital (MicroFX+ accounts for retail investors vs. ProFX+ accounts for professional investors).

2. Choose a broker

You can trade with seven different brokers (TradeView, IC Markets, XM, Pepperstone, RoboForex, Blueberry Markets, Purple Trading) and multiple platforms (MetaTrader 4, MetaTrader 5, cTrader). You can change brokers and platforms at the end of each 30-day trading period.

3. Complete the Fidelcrest Trading Challenge (Phase 1).

To complete the Challenge, which takes place on a demo account, you must reach the minimum profit target at the end of the 30-day period. If you do not reach the profit target, you may be able to get a second try for free – see the Rewards and Referrals section.

4. Complete the verification of resources (stage 2).

To complete the verification, you must reach the profit target without exceeding the maximum loss limits and submit your KYC documents. You can trade with real money and earn up to 50% of the profit.

5. Trade with your professional account (phase 3).

Once you complete the challenge and verification phase, you are officially a Prop Trader for Fidelcrest. You can then trade with a funded account with no profit targets and keep up to 80% of the profits during the 30-day trading period. You must be careful not to reach the maximum allowable losses.

There are also some additional steps to take your trading to the next level:

6. Scaling up

If you want to go further with the professional account and invest more, you can contact customer service and sign up for the scaling-up plan. With this plan, you will receive a 25% capital increase every time you make a total profit of at least 15% for three consecutive months.

7. Larger accounts

You can have multiple verification and professional accounts. If you are satisfied with your account, you can restart the process for larger capital amounts by paying the appropriate fee and completing the Challenge.

Account Types

Micro Trader Account Types

Fidelcrest Micro trading accounts

Fidelcrest offers traders a choice of 4 different account types. Let’s start with micro-accounts. If you choose to trade in micro accounts, you’ll have between $10,000 and $25,000 at your disposal, depending on which funding option you choose. Of course, there is a one-time fee to open an account – only $99, which makes this company one of the cheapest on the market.

Traders have 4 types of accounts to choose from. The simplest ones are micro-accounts. When you start trading with micro accounts, you will have between $10,000 and $25,000 at your disposal. The amount depends on what financing option you choose.

There is a one-time fee of $99 to open an account.

Micro Trader USD 10,000 Program Information

Initial Capital: $10 000
Trading Program & Strategy: Micro Trader/ Normal Risk
Leverage: Up to 1:100
Available Brokers: All
Available Instruments: All
Trading Platforms: MT4 & MT5
Account Monitoring: Fully automatic
Trader Support: 24/5
Performance Coaching: Yes
One-Off Evaluation Fee: $99
Promo Codes available: Read more here

Profit targets, profit sharing, and financing terms

The terms of the Normal MicroFx+ program include:

  • Profit target: 5% (0% after verification phase).
  • Funding: $5,000 to $20,000
  • Minimum number of trading days: 10
  • Maximum loss: 10%.
  • Profit Share: 70% (40% during the evaluation phase)
  • Price: one-time fee between 99 and 199 euros

The terms and conditions of the Micro Aggressive program include:

  • Profit target: 15% (0% after the evaluation phase)
  • Funding: $5,000 to $20,000
  • Minimum number of days to trade: 5
  • Maximum loss: 20%
  • Profit Share: 80% (40% during the evaluation phase)
  • Price: one-time fee between 149 and 349 euros

A key benefit of the Micro Fx+ programs is that you will get a free second try using the promo code “2NDFREE” when you purchase the trading challenge. That way, if you don’t reach your profit target, you can try again without having to pay a one-time fee.

In addition, successful completion of the MicroFX Challenge will grant you a refund of the evaluation fee. However, the refunded amount is deposited in your bonus wallet, and you will not be able to request a withdrawal. It can only be used to purchase new accounts for the Fidelquest Challenge.

Micro Trader Program Phases

Fidelcrest Micro Trader Program Phases

Pro Trader Account Types

Fidelcrest Pro Trader Account Types

 

Fidelcrest also offers Pro accounts. They start at $75,000 and go up to $500,000 under management. This is currently the largest account you can purchase from a pro firm.

Both account options have 2 options: “Normal” and “Aggressive.” If you as a trader have large PnL fluctuations and usually large drawdowns – but at the same time large profits – the “Aggressive” account option will suit you. Because this type of trading behavior is allowed.

In the option “Aggressive” your profit share increases from 70% to 80% maximum drawdown increases to 20%, and the profit target also increases to 20%.

The only drawback here is that compared to the regular account type, you will have to pay a higher initial account opening fee.

Pro Trader USD 75,000 Program Information

Initial Capital: $75 000
Trading Program & Strategy: ProTrader/ Normal Risk
Leverage: Up to 1:100
Available Brokers: All
Available Instruments: All
Trading Platforms: MT4 & MT5
Account Monitoring: Fully Automatic
Trader Support: 24/5
Performance Coaching: Yes (Read more)
One-Off Evaluation Fee: $349
Promo Codes available: Read more here

Profit targets, profit-sharing, and conditions relating to equity financing

“Terms and conditions of the ProFx+ Normal program:

  • Target profit: 10% (0% after screening phase)
  • Start-up capital: USD 50 000 – 400 000
  • Minimum number of trading days: 10
  • Maximum losses: 10%
  • Profit share: 70% (40% after screening phase)
  • Price: One-off fee from €349 to €1,499

“ProFx Aggressive Terms and Conditions:

  • Profit target: 20% (0% after verification phase at each account level)
  • Initial capital: USD 50,000 to 200,000
  • Minimum number of trading days: 10
  • Maximum loss percentage: 20%
  • Profit share: 80% (40% at the assessment stage)
  • Price: One-off fee between €549, and €1,399

Pro Trader Program Phases

Fidelcrest Pro Trader Program Phases

Trading strategy and conditions

Fidelcrest offers some of the most flexible terms on the market.

For example, you are not limited in your choice of trading strategy. Use any trading methods that you know and have used successfully. Most importantly, demonstrate consistent and appropriate risk management. You also do not have to use stop-loss orders (although I recommend doing so).

You can keep positions open at night, on weekends, or on holidays, with the help of an accumulation trader program. The only requirement is that you liquidate your positions before the trading period ends. The only restriction that Fidelcrest imposes concerns advisors and trading robots. The reason is that the company is mainly looking for traders who can buy and sell based on their own analysis, rather than automation. However, if using advisors and trading profits can increase your profitability, you may be granted an exception. All you need to do is contact Fidelcrest customer support.

In addition, Fidelcrest does not allow third-parties to trade in your account or copy trades due to its risk management policy. However, this is not surprising since most funded trading account providers follow a similar policy.

Education and support for traders

Rather than using online resources such as Babypips for forex trading education, some traders prefer to use education and related news provided by their brokers or proprietary firms to keep up with the latest trends in the industry.

Fidelcrest doesn’t offer much educational or supportive content for traders. They offer a backend area where you can track your trading stats, which of course is very valuable when you are trading within a strict time frame and perimeter. They also offer an economic calendar, just like ForexFactory, as well as a margin calculator tool.

Starting in November 2021, Pat Byluni begins coaching Fidelcrest Traders

Fidelcrest Markets trading fees

There are a number of costs associated with trading. These are primarily spread, commission, and foreign exchange fees.

Spreads are the difference between buying and selling prices in the market. The spread for this broker currently starts at 1.6 pips. This is usually the lowest value, but for EURUSD it is often higher and for other pairs, it also starts with a higher value. The spread is often lower on accounts that also charge a commission.

Currently, this broker does not charge a commission, which means that all your profits come from the spread. There are no additional fees for each trade you make.

A swap fee is charged by this broker. A swap fee is a commission that is paid into your account to make a trade overnight when the market changes. For accurate swap fees, you should check the broker’s website as they are constantly changing.

Fidelcrest Customer Support

You can contact the broker by e-mail. The broker is obliged to keep in touch. There are also other means of communication.

The availability of the support team is also important. The support team is available 24 hours a day, 5 days a week, and is closed at the same time as the markets, on weekends and some holidays. During trading, they are available to support you throughout the day and night.

Fidelсrest demo accounts and bonuses

Demo accounts are fantastic because they allow you to test new strategies or changes to your current strategy without risking your capital. So it’s good news that this broker has demo accounts. Simply log into your account and open one of them. Be sure to use them as often as possible. You can use them to learn how the trading platform works, how to trade, and what trading conditions you may face if you use the right account.

This Forex broker offers bonuses that can help you increase your initial funds or provide other benefits. Always pay attention to the details of the bonus you receive. Some brokers use them to attract funds, but that doesn’t mean this broker does. So before you use the bonus, check the fine print.

Security

Fidelcrest is not a broker and does not hold or trade funds. All platforms that work with Fidelcrest are regulated by the FCA and have a good reputation. Although the company adheres to standard security protocols, care should always be taken when sharing personal or payment information.

Pros & Cons

Pros

  • Easy to manage
  • No risk
  • Good support team
  • Earn from verification

Cons

  • A 30-day trading period limits long-term investments
  • No phone customer support
  • Strict trading rules

Conclusion

Fidelcrest offers some of the highest profit-sharing systems in the real estate trading industry. In addition, the company has a rigorous vetting process in place for new investors. And while the company has been criticized for its strict trading rules, you can avoid surprises by reading carefully before signing up.

FAQ

What do I have to do to complete the challenge phase?

  1. Reach the profit target within 30 calendar days
  2. Not to hit daily or maximum loss limits
  3. To reach a minimum amount of trading days (Normal strategy 10, aggressive 5). Trading day = you have to open at least one position every trading day
  4. To close all positions after you have reached the profit target and minimum amount of trading days

What instruments can I trade?

Our traders are allowed to trade all available instruments with a chosen broker. This includes but is not limited to FX, CFDs, Cryptos, Metals, Commodities, Stock CFDs.

What if I have lost trades?

All losses are covered by Fidelcrest. That is the reason why we have Maximum loss limits to prevent losing all of the allocated trading capital and protect investor funds.

Is swing trading allowed?

All aggressive strategy account is Swing accounts. Yes, swing trading is allowed when choosing the Aggressive Strategy.

Kevin Doran

I have been trading forex since 2015. Over the past few years, I have tried and tested all the most popular Forex Brokers. I publish my reviews to help you choose a reliable broker and reduce your risks.

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