Fidelcrest Review

In the world of online trading, aspiring traders are often on the lookout for opportunities that can help them enhance their skills and access more capital to grow their portfolios. Fidelcrest is one such platform that claims to provide traders with a pathway to trade substantial amounts of capital. In this comprehensive review, we will delve into the details of Fidelcrest’s offerings, specifically focusing on their Pro Trader and Micro Trader programs. We will analyze the key features, phases, and conditions of these programs to help you make an informed decision if you’re considering joining Fidelcrest.

Fidelcrest
Fidelcrest

Introduction to Fidelcrest

Fidelcrest presents itself as a platform for talented traders seeking to manage up to 2 million dollars in the financial markets. Their unique approach offers traders an opportunity to showcase their skills through a structured three-step process, leading to potential capital allocation. Let’s take a closer look at what Fidelcrest has to offer.

Fidelcrest Pro Trader Program

Step 1 – Trading Challenge

The Pro Trader Program kicks off with the Trading Challenge, where traders can choose their desired account size and risk level to align with their skills and profit targets. Fidelcrest gives traders the flexibility to select between two trading strategies: Normal and Aggressive.

Key Parameters for Step 1:

  • Trading Period: 60 days
  • Minimum Simulated Trading Days: 0 days
  • Maximum Loss: 10% | 20%
  • Maximum Daily Loss: 5% | 10%
  • Profit Target: 10% | 20%

Step 2 – Verification

Once traders successfully complete the Trading Challenge, they progress to the Verification phase. Here, the objective is to prove that their success in the challenge phase was not a matter of luck. Similar to Step 1, traders can choose between Normal and Aggressive trading strategies.

Key Parameters for Step 2:

  • Trading Period: 60 days
  • Minimum Simulated Trading Days: 0 days
  • Maximum Loss: 10% | 20%
  • Maximum Daily Loss: 5% | 10%
  • Profit Target: 10% | 20%

Step 3 – Fidelcrest Trader

The final step of the Pro Trader Program grants traders access to Fidelcrest’s proprietary trading firm, enabling them to trade the firm’s capital without profit targets. The main restriction in this phase is not reaching the maximum loss limits. Traders are rewarded with a commission that can be as high as 90% of all profits generated in each trading period.

Key Parameters for Step 3:

  • Minimum Simulated Trading Days: 10 days
  • Max. Inactivity: 30 days
  • Maximum Loss: 10% | 20%
  • Maximum Daily Loss: 5% | 10%
  • Profit Target: Nil
  • Your Share: 80% | 90%

Fidelcrest Micro Trader Program

Step 1 – Trading Challenge

The Micro Trader Program follows a structure similar to the Pro Trader Program, beginning with the Trading Challenge. Traders can select their preferred account size and risk level, with the choice of Normal or Aggressive trading strategies.

Key Parameters for Step 1:

  • Trading Period: 60 days
  • Minimum Simulated Trading Days: 0 days
  • Maximum Loss: 10% | 20%
  • Maximum Daily Loss: 5% | 10%
  • Profit Target: 10% | 15%

Step 2 – Verification

In Step 2 of the Micro Trader Program, traders continue trading with the Verification account to prove their consistency and skill. They can choose between Normal and Aggressive trading strategies.

Key Parameters for Step 2:

  • Trading Period: 60 days
  • Minimum Simulated Trading Days: 0 days
  • Maximum Loss: 10% | 20%
  • Maximum Daily Loss: 5% | 10%
  • Profit Target: 5% | 15%

Step 3 – Fidelcrest Trader

The final phase of the Micro Trader Program allows traders to access Fidelcrest’s proprietary trading firm, similar to the Pro Trader Program. Here, traders can trade the firm’s capital without profit targets, with the primary requirement being to avoid reaching the maximum loss limits. The commission offered to traders can be as high as 90% of all profits generated during each trading period.

Key Parameters for Step 3:

  • Minimum Simulated Trading Days: 10 days
  • Max. Inactivity: 30 days
  • Maximum Loss: 10% | 20%
  • Maximum Daily Loss: 5% | 10%
  • Profit Target: Nil
  • Your Share: 80% | 90%

Evaluating Fidelcrest’s Trading Programs

Pros:

  1. Capital Allocation Opportunity: Fidelcrest’s Pro and Micro Trader Programs offer traders the enticing prospect of managing substantial capital up to 2 million dollars. This can significantly amplify trading potential and potentially lead to substantial profits.
  2. Flexibility in Trading Strategies: The platform allows traders to choose between Normal and Aggressive trading strategies in multiple program phases. This flexibility caters to traders with varying risk tolerances and trading styles.
  3. No Scaling Plan Required: Unlike some other trading platforms, Fidelcrest does not require traders to follow a scaling plan to access larger accounts. This simplifies the process for traders and allows them to focus on their trading performance.
  4. High Profit Sharing: Fidelcrest offers an attractive profit-sharing model, with traders being eligible for commissions ranging from 80% to 90% of the profits generated during the Fidelcrest Trader phase. This can be highly rewarding for successful traders.

Cons:

  1. Stringent Risk Parameters: Fidelcrest imposes strict maximum loss and maximum daily loss limits throughout the program phases. This can be challenging for traders who prefer more flexibility in risk management.
  2. Limited Trading Days in Step 3: The requirement of a minimum of 10 simulated trading days and the risk of inactivity within 30 days in the Fidelcrest Trader phase may not suit traders who engage in longer-term trading strategies.
  3. Lack of Profit Targets in Step 3: While the absence of profit targets can be liberating, it may also lead to a lack of motivation for traders to strive for continuous improvement in their trading performance.
  4. Unclear Evaluation Criteria: Fidelcrest’s website does not provide detailed information on how trading performance is evaluated, which may raise concerns about transparency in the selection process.

Fidelcrest Coupon Codes & Discount

If you are interested in joining Fidelcrest, you might want to use some coupon codes to get discounts on the challenge fee. To apply the coupon codes, you need to create an account on Fidelcrest’s website and choose the challenge that you want to take. You need to enter the coupon code that you have and validate it. You will see the discount applied to the price shown. Then, you can choose the payment method and finalize the purchase process of your challenge.

You should note that Fidelcrest may discontinue or change these coupon codes at any time without notice. Therefore, you should always check the validity and terms and conditions of the coupon codes before using them. You can also follow Fidelcrest on social media or subscribe to their newsletter to get updates on their latest offers and promotions.

Conclusion

Fidelcrest offers a unique opportunity for talented traders to access significant capital without the need for a scaling plan. The structured three-step programs, both for Pro and Micro traders, provide a clear pathway for traders to showcase their skills and progress to managing substantial amounts of capital. The high profit-sharing potential is undoubtedly an attractive feature.

However, the stringent risk parameters and the absence of profit targets in the final phase may not align with the preferences of all traders. Additionally, the lack of detailed information regarding the evaluation process raises questions about transparency.

Ultimately, Fidelcrest could be a valuable platform for traders who are comfortable with its risk management parameters and are seeking an opportunity to trade large amounts of capital. As with any trading endeavor, it’s crucial for traders to thoroughly research and understand the terms and conditions before participating in such programs.

FAQ

What is Fidelcrest’s maximum drawdown?

Fidelcrest has a maximum loss of up to 20%.

What is Fidelcrest’s profit target?

Fidelcrest offers profit target up to 20%.

What are Fidelcrest’s minimum and maximum trading days?

According to the web search results, here are the details of the minimum and maximum trading days for each step:

  • Trading Challenge: The minimum simulated trading days are 0 days, and the trading period is 60 days.
  • Verification: The minimum simulated trading days are 0 days, and the trading period is 60 days.
  • Fidelcrest Trader: The minimum simulated trading days are 10 days.

What are Fidelcrest’s challenge fees?

Fidelcrest’s challenge fees for the various accounts are as follows:

  • $250,000 (Pro Trader Normal) – Fee €999
  • $500,000 (Pro Trader Normal) – Fee €1,899
  • $1,000,000 (Pro Trader Normal) – Fee €2,999
  • $250,000 (Pro Trader Aggressive) – Fee €1,999
  • $500,000 (Pro Trader Aggressive) – Fee €3,499

Does Fidelcrest offer a retry?

According to the web search results, it seems as if Fidelcrest offers a retry.

Does Fidelcrest offer a fee refund?

According to the web search results, it seems as if Fidelcrest offers a fee refund.

What is Fidelcrest’s profit split?

Fidelcrest offers up to 90% profit split.

Does Fidelcrest offer a scaling plan?

Yes, Fidelcrest offers a scaling plan.

Does Fidelcrest allow expert advisors?

According to the web search results, it seems like Fidelcrest prefers traders that do their own analysis and don’t rely on robots. An exception can be made though. You can contact them and an exception for using your EAs may be granted.

Does Fidelcrest offer a free trial?

Yes, Fidelcrest offers a free trial.

What is Fidelcrest’s minimum deposit?

According to the web search results, it seems like Fidelcrest does not have a minimum deposit.

What are Fidelcrest’s brokers?

According to the web search results, it seems like Fidelcrest offers traders a number of brokers, including:

What are Fidelcrest’s platforms?

According to the web search results, it seems like Fidelcrest offers traders the popular MT4 & MT5 platforms.

What is Fidelcrest’s leverage?

Fidelcrest offers up to leverage of 1:200.

Is Fidelcrest legit?

Based on the web search results, Fidelcrest seems to be a legit prop trading firm that offers funded accounts to traders who pass their challenge. It has a high rating on Trustpilot, and most of the users praise its customer service, profit sharing, and trading conditions. However, some users also complain about its strict rules, lack of education, and technical issues. Therefore, you should do your own research and read the terms and conditions carefully before joining Fidelcrest.

Fidelcrest’s alternatives

Some Fidelcrest’s alternative prop firms that you may consider are FTMO, The Funded Trader, FundedNext, BluFX, Topstep, and so on.

Fidelcrest

€99
8.5

Features

8.5/10

Challenges

8.5/10

Value

8.5/10

Pros

  • One of the top prop trading firms
  • Good variety of accounts to choose from
  • Great selection of brokers and trading instruments
  • Financing of up to $2 million is available
  • Profit share can reach 90%
  • Do not need to risk your own capital
  • Excellent customer support
  • 5% profit target in phase 1 and phase 2 (Micro Trader accounts)
  • Various withdrawal options
  • The ability to trade with leverage

Cons

  • 30-day trading period limits long term investments
  • Strict trading criteria to follow
  • Limited educational material and tools compared to other prop trading firms
  • Two-phase evaluation process, which makes it longer and can take up to 90 days
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