FidelCrest has established itself as a trusted name in the prop firm industry, offering eligible traders an opportunity to get funding and keep 90% of the profits.
FidelCrest has established itself as a trusted name in the prop firm industry. It offers eligible traders an opportunity to get funding and keep 90% of the profits they generate. The firm also has great training platforms and a dedicated support team.
Some of the most attractive features of the platform include the ability to copytrade other traders and trade without any consistency rules or mandatory stop losses. This makes it much easier for experienced traders to pass the challenge. But should you really trust FidelCrest?
Let’s take a closer look at what sets FidelCrest apart and why it’s a compelling choice for traders looking for a proper prop firm to elevate their trading journey.
Pros and Cons of FidelCrest
- 13+ accounts to choose from based on risk appetite, experience, and capital requirements
- Over 1000+ financial instruments and 7 brokers on board offering both MT4 and MT5
- Up to 90% profit split payout for funded accounts
- Ample maximum loss limits of up to 20%
- Reasonable trading rules and objectives
- Excellent customer support
- Inconsistent trading results may get your account canceled
- Can’t access customer support via phone
- No verifiable information about the firm’s management team
Company Overview
FidelCrest is a relatively new prop firm, with its corporate headquarters in Cyprus. The company was founded in 2018, and just like other prop firms, it offers traders an opportunity to get a funded account, so long as they meet certain individual conditions.
To get started, traders need to pay a one-time fee and complete the FidelCrest trading challenge. Once you pass the initial challenge, you get access to up to $400,000 in funding, where you can keep up to 80% of the profits you generate.
FidelCrest’s Key Features
- Traders need to go through a two-step evaluation process with profit targets ranging from 5% and 15%
- The 60-day evaluation fee ranges from €99 to €2,999.
- During the evaluation period, there are no minimum trading days requirements.
- FidelCrest offers both MT4 and MT5 trading platforms, and algorithmic trading is allowed on request.
- The maximum leverage allowed is 1:100.
- There are unlimited retries in case you fail to reach the profit target or meet the trading rules.
- The daily loss limit is between 5% to 10%, with a 10% to 20% trailing drawdown limit.
- For traders who qualify for funding, the evaluation fee is refunded.
- There are no profit targets for funded accounts.
- There are no minimum withdrawal amounts.
- The customer response is fairly quick and available 24/7.
Account Types at FidelCrest
You can choose between three micro-accounts at FidelCrest: Normal and Aggressive, and three professional accounts: Normal and two Aggressive accounts. Normal accounts have a profit-sharing arrangement of 80% while the aggressive accounts receive 90%.
There’s also a scaling plan to double your total assets under management in 12 months. The desired balance and the current account time will determine the fee charged, and this can’t be changed once approved. The prop firm offers some of the most generous trading terms among the prop firms we’ve reviewed.
How to Get Started with FidelCrest
To get started with FidelCrest, the following are the steps to get started:
- Visit FidelCrest’s official website.
- Choose the challenge you want to undertake based on your risk appetite and desired profit split.
- Enter your personal details and register for an account.
- Pay your evaluation fee based on your desired initial capital.
- Download the trading app or platform. FidelCrest supports both MT4 and MT5.
- Add your FidelCrest account to the MetaTrader platform.
- Start trading and adhere to the firm’s rules and requirements.
- Complete the challenge and the verification stage within 60 days.
- Become a funded trader.
It’s worth pointing out that FidelCrest offers traders 60 days to reach the 10% to 20% profit target. Fortunately, if you fail to reach these targets and you’ve not violated the trading rules, FidelCrest offers unlimited retries.
What are FidelCrest’s Trading Rules?
For the Normal Micro Accounts, the profit targets are 10% for the first part of the challenge and 5% for the next phase. The maximum daily loss is 5% while the maximum drawdown is 10%. If you opt for the Aggressive Accounts, the profit target rises to 15% for phases one and two, and the max daily loss increases to 10% and the max drawdown to 20%.
The Professional Normal Accounts are identical to the Micro Normal, though the profit target is 10% for phases one and two, while the Aggressive Accounts will require 20%.
| Account Type | Max Loss | Max Daily Loss | Profit Target |
| Micro Normal | 10% | 5% | 5% |
| Micro Aggressive | 20% | 10% | 15% |
| Professional Normal | 10% | 5% | 10% |
| Professional Aggressive | 20% | 10% | 20% |
Accounts are typically closed whenever the trader violates the trading rules, but traders who fail to meet the profit targets but don’t violate the trading rules are allowed to try again.
Withdrawals at FidelCrest
Withdrawing money from your FidelCrest account is rather straightforward. Every 30 days, any profits that you generate will be transferred to your wallet. You can withdraw the amount at any point, without any minimum payment threshold requirements. The withdrawal should be completed within three business days.
Fees
FidelCrest charges a minimum evaluation fee of €99.
The prop firm doesn’t charge a monthly fee, even if you end up making losses. This gives you ample opportunity to hone your strategy for the next trading period. However, do note that In case your losses exceed the amount stated in the rules, your account may be canceled.
The prop firm supports credit/debit cards, bank wires, Neteller, Skrill, bank wires, and PayPal.
Customer Support at FidelCrest
We found customer support to be excellent on FidelCrest. There’s a dedicated team that all traders can reach through various channels, including Live Chat, Facebook Chat, and Email. The FAQs section on their website can help with most questions, and all the products and offerings are explained well. One notable exception is phone support, which could be essential.
Educational Resources
FidelCrest doesn’t offer comprehensive educational programs. This is not a bad thing, as prop firms are not really meant for beginners. Moreover, FidelCrest claims that it seeks traders who already understand how to trade.
However, there are some resources aimed at helping professional traders improve their skills and consistently generate profits. This includes an active blog, regular webinars, and a thriving trading community.
FidelCrest has nurtured a community of professional traders where they share insights, knowledge, and experiences. The social element helps to enhance the user experience, giving the traders a support network where they can support each
Notable Drawbacks and Limitations of FidelCrest
During our review, we found FidelCrest to be very strict in terms of the standards they hold for their traders. Although they do state all the requirements they have for traders applying for their challenge, we think that they don’t emphasize the importance of a consistent strategy enough.
In fact, this seems to be one of the main sources of complaints in the past. The firm doesn’t really say that they might disqualify a trader for being inconsistent in their trading. This has resulted in several negative reviews and bad ratings from disgruntled traders who were disqualified from their inconsistencies.
We recommend that you keep this in mind if you do attempt one of their challenges. Switching your trading strategy or facing unfavorable trading conditions during this period may end up having you disqualified.
Fidelcrest Alternatives
While Fidelcrest offers a compelling platform for proprietary trading, several alternatives in the market might be better for traders seeking capital, support, and opportunities to grow their trading careers. Here’s an overview of some notable Fidelcrest alternatives:
TopstepTrader
TopstepTrader provides traders with the opportunity to trade futures and forex markets with simulated accounts initially. Traders who meet the firm’s profit targets and risk management criteria can qualify for funded trading accounts.
Earn2Trade
Earn2Trade offers a combination of educational resources and funded trading programs for traders interested in futures and forex markets. Traders can participate in a comprehensive educational curriculum and demonstrate their skills to qualify for funded accounts.
The 5%ers
The 5%ers offer funded trading accounts to traders who pass their evaluation process. Traders can choose from various account sizes and trade forex, stocks, and commodities markets with a performance-based profit split.
Blue Point Trading
Blue Point Trading provides proprietary trading opportunities to traders worldwide. The firm offers a funded trading program where traders receive capital to trade the markets and retain a portion of their profits based on performance.
Prop Trading Asia
Prop Trading Asia specializes in providing proprietary trading opportunities to traders in the Asian markets. The firm offers funded trading accounts and educational resources to help traders succeed in trading futures, forex, and equities.
Maverick Trading
Maverick Trading offers proprietary trading opportunities to experienced traders. The firm provides capital, risk management tools, and support to traders, allowing them to trade various markets and retain a percentage of their profits.
SMB Capital
SMB Capital is a proprietary trading firm that offers a range of trading programs and education for traders at different experience levels. Traders can access capital, training, and mentorship to develop their trading skills and strategies.
These alternatives to Fidelcrest vary in their offerings, including funding structures, educational resources, and market focus. Traders should carefully evaluate each option based on their trading goals, preferences, and individual needs to find the most suitable platform for their trading journey.
FidelCrest Review: Our Verdict
FidelCrest impressed us with its reasonable trading rules and objectives, which makes it stand out from most of its competitors. It’s also a fairly transparent prop firm with high ratings from satisfied customers. Moreover, the fact that approved traders enjoy profit splits of between 80% and 90% makes it a great choice for professional traders who can be consistent in their trading.
Of course, FidelCrest isn’t for everyone. However, if you’re a professional trader with a solid trading strategy, FidelCrest might just be the platform that helps you elevate your trading career. Just don’t forget that consistency is key when trading with them.
Frequently Asked Questions (FAQs)
What is Fidelcrest?
Fidelcrest is a proprietary trading firm that provides funding, risk management, performance evaluation, and support to traders worldwide. It offers aspiring traders the opportunity to access capital and trade the financial markets with the potential to earn profits.
How does Fidelcrest’s funding program work?
Fidelcrest’s funding program allows traders to access capital to trade the markets. Traders can choose from various funding tiers based on their experience and risk appetite. Upon meeting certain profit targets and risk management criteria, traders can retain a percentage of their profits while the rest goes to Fidelcrest.
What kind of risk management does Fidelcrest employ?
Fidelcrest prioritizes capital preservation and employs a robust risk management framework. Traders are provided with risk controls and monitoring tools to ensure responsible trading practices. Additionally, Fidelcrest offers risk management education and guidance to help traders mitigate risks effectively.
How is trader performance evaluated at FidelCrest?
Fidelcrest evaluates trader performance using transparent metrics and benchmarks. Traders receive feedback and guidance based on their performance, enabling them to enhance their trading strategies and skills continuously.
What support and resources does Fidelcrest offer to traders?
Fidelcrest offers comprehensive support and resources to its traders, including personalized coaching, mentorship, educational webinars, and market insights. Traders also benefit from a vibrant community of peers, fostering collaboration and idea sharing.
Is Fidelcrest suitable for both experienced and novice traders?
Yes, Fidelcrest caters to traders of all experience levels. Whether you’re an experienced trader looking for growth opportunities or a novice trader starting your trading journey, Fidelcrest provides the tools, support, and resources needed to succeed in the financial markets.
How can I join Fidelcrest?
To join Fidelcrest, you can visit their website and explore their funding programs. You will need to fulfill certain criteria and complete the application process, which typically involves demonstrating your trading skills and knowledge.
Is Fidelcrest a trustworthy firm?
Yes, Fidelcrest is widely regarded as a trustworthy and reputable proprietary trading firm. With its commitment to transparency, integrity, and trader empowerment, Fidelcrest has earned the trust and respect of traders worldwide.
