Fidelcrest Review

Fidelcrest invites regular traders to undertake their validation challenge. Upon successful clearance, they have the opportunity to oversee up to $1,000,000 of funds from any global location.

Fidelcrest motivates traders to excel in their journey. They provide the potential to amplify earnings by trading with a balance as high as $2,000,000. The path to funding involves clearing a two-tier trading challenge. Successfully completing this earns traders between 80% and 90% of their profit shares.

What is Fidelcrest?

Established in 2018, Fidelcrest is a proprietary trading company conceptualized by seasoned forex experts. With its main office in Nicosia, Cyprus, and an IT base in Tallinn, Estonia, they grant traders the privilege of working with capital amounts up to $2,000,000, partnering with Fidelcrest Markets for brokerage.

Their central office address is Arch. Makariou III & 1-7 Evagorou, MITSI 3, 1st floor, office 102 C 1065 – Nicosia, Cyprus.

Program Choices for Funding

Fidelcrest introduces two distinct program alternatives:

• Micro Trader verification program accounts
• Standard Micro Trader verification program accounts
• Intense Micro Trader verification program accounts
• Pro Trader verification program accounts
• Standard Pro Trader verification program accounts
• Intense Pro Trader verification program accounts

Micro Trader evaluation program accounts

1. Normal Micro Trader Evaluation program accounts

The main objective of Fidelcrest's standard Micro Trader evaluation program account is to spotlight skilled traders, rewarding them for their consistent achievements during the bifurcated evaluation stages. Traders can leverage up to a 1:200 ratio.

The initial evaluation phase mandates a 10% profit goal, while ensuring the trader doesn't breach the 5% daily loss or 10% overall loss benchmarks. This target should be met within 60 days from initiating the first trade. No specific trading days are necessary for transitioning to the next phase.

Phase two entails a 5% profit objective, again without exceeding the 5% day-to-day loss or 10% aggregate loss limits. This has to be accomplished within a 60-day period from the day of the first transaction. The absence of a minimum trading day clause also applies here.

Upon successfully navigating both phases, traders are presented with a funded account free from profit objectives. They are only bound by the 5% per day loss and 10% aggregate loss limitations. The maiden payout can be expected within ten days from initiating the first funded trade, provided certain conditions are adhered to. In this timeframe, a minimum of 10 trading days is essential, with the account being profitable to initiate the first withdrawal. Profit shares stand at 80% of the account's earnings.

Scaling Plan for Standard Micro Trader Evaluation program accounts

Currently, the Standard Micro Trader verification program accounts do not offer a scaling plan.

Guidelines for Standard Micro Trader verification program accounts

• Profit target: Profit goals denote the precise profit percentage that traders need to achieve to clear an evaluation stage, draw profits, or scale their account. Phase 1's goal is 10% and phase 2's is 5%. Funded accounts are devoid of these objectives.
• Maximum daily loss: A 5% daily loss cap is the highest permissible daily loss before the account is deemed violated.
• Maximum loss: An aggregate loss cap of 10% signifies the ceiling for total permissible losses.
• Maximum trading days: Both Phase 1 and 2 allow a 60-day trading period.
• No martingale allowed: Use of martingale strategies is prohibited.
• Risk desk team: The Risk desk team evaluates if a trader's approach aligns with the firm's objectives. Unsuitable strategies result in a refund.
• Third-party copy trading risk: Opting for third-party copy trading exposes traders to risks, as others might be using similar strategies. This could lead to a rejection if the maximum capital allocation rule is breached.‍

2. Aggressive Micro Trader evaluation program accounts

Fidelcrest's Aggressive Micro Trader evaluation program account is designed to spotlight dedicated and skillful traders, offering them rewards for maintaining consistent performance through the bi-level evaluation duration. This account grants the opportunity to trade with leverage scaling up to 1:200.

The first stage of evaluation mandates traders to achieve a 15% profit threshold without breaching the 10% daily loss or 20% overall loss constraints. The stipulated profit threshold must be reached within a span of 60 days starting from the initiation of the inaugural trade on the evaluation account. Moreover, there's no obligation to adhere to a specified number of trading days to transition to the subsequent evaluation stage.

The subsequent evaluation phase also emphasizes a 15% profit objective, while keeping within the bounds of the 10% daily loss and 20% cumulative loss limits. The requisite profit mark should be met within a window of 60 days from initiating the primary trade on the evaluative account. Likewise, there’s no requisite minimum trading day count to qualify for a fully funded account.

Upon adeptly navigating the dual evaluation stages, traders are endowed with a funded account, devoid of any profit directives. However, they must adhere to the boundaries set at 10% for daily losses and 20% for overall losses. The initial disbursement is scheduled ten days post the inaugural trade on the funded account, contingent upon meeting certain conditions. Within this bracket, a minimum of 10 trading days is imperative, and the account should be in a profit-making position to qualify for the maiden withdrawal. The profit share stands at a lucrative 90% of the earnings accrued on the funded account.

Scaling Strategy for Aggressive Micro Trader evaluation program accounts

At present, there's no scaling strategy available for the Aggressive Micro Trader evaluation program accounts.

Rules for Aggressive Micro Trader evaluation program accounts

• Profit target: Profit benchmarks represent the exact percentage of gains a trader is expected to secure prior to finalizing an evaluation phase, capitalizing on profits, or escalating their account size. The first phase has a 15% profit mark, and the subsequent phase mirrors this at 15%. The funded accounts are absolved from such constraints.
• Maximum daily loss: The daily loss ceiling denotes the apex loss permissible in a single day before the account status is compromised. Across all account magnitudes, this limit is pegged at 10%.
• Maximum loss: Cumulative loss constraints define the peak loss permissible across the account's lifespan before a breach is recognized. The cap for all account sizes is stationed at 20%.
• Maximum trading days: The maximum trading duration outlines the maximum timeframe in which a trader must achieve a particular profit or withdrawal goal. Both stages, the initial and subsequent, are capped at 60 days.
• No martingale allowed: The prohibition of martingale signifies that traders are restricted from employing any martingale-based strategies during their trading activities.
• Risk desk team: The Risk desk team is an ensemble tasked with evaluating if a trader's modus operandi aligns with the firm's aspirations. Unaligned strategies result in the refunding of the evaluation account's fee.
• Third-party copy trading risk Potential hazards with third-party copy trading entail that if traders opt for such services, there's an inherent risk. Given that other traders might be utilizing the same service, there's a potential overlap in trading strategies. This concurrent usage might jeopardize the chances of attaining a funded account or withdrawal if the uppermost capital distribution stipulation is breached.

Pro Trader evaluation program accounts

1. Normal Pro Trader evaluation program accounts

Fidelcrest's Normal Pro Trader evaluation program account is structured to unearth committed and adept traders. They are celebrated for their steadiness throughout a bifurcated evaluation process. This account bestows the privilege of trading with a leverage of up to 1:200.

During the preliminary evaluation phase, traders are tasked with achieving a profit milestone of 10%, ensuring they remain within the bounds of a 5% daily loss or a 10% overarching loss. Achieving this goal within 60 days from the onset of the first trade on the evaluation account is essential. Furthermore, there are no prescribed trading days to qualify for the subsequent evaluation phase.

The secondary evaluation stage also mandates a 10% profit benchmark, while adhering to the 5% daily loss and 10% cumulative loss parameters. This profit goal should be reached within the stipulated 60 days, commencing from the date of the account's first trade. Similarly, there's no specified minimum trading days to be eligible for the funded account.

Upon successful navigation of both evaluation tiers, traders are presented with a funded account, devoid of any profit prerequisites. They are simply obliged to maintain within the 5% daily loss and 10% total loss confines. The inaugural payout is scheduled ten days after the initiation of the first trade on the funded account, provided specific benchmarks are met. In this interval, traders must engage for a minimum of 10 days and maintain a profit stance to qualify for their first withdrawal. Profits are allocated with an 80% share based on the gains from the funded account.

Scaling Framework for Normal Pro Trader evaluation program accounts

Currently, there's no scaling blueprint available for Normal Pro Trader evaluation program accounts.

Rules for Normal Pro Trader evaluation program accounts

• Profit target: The profit mandate represents the exact profit percentage a trader must secure before concluding an evaluation tier, cashing out profits, or amplifying their account dimensions. Both the initial and subsequent phases have set the bar at 10% for profit. No such benchmarks exist for funded accounts.
• Maximum daily loss: A daily loss ceiling indicates the apex loss permissible in a day, post which the account status is deemed compromised. All account magnitudes are set with a 5% threshold.
• Maximum loss: The overall loss parameter signifies the zenith of losses an account can accumulate before being declared as breached. Across all accounts, this limit is stationed at 10%.
• Maximum trading days: The prescribed trading duration highlights the maximum timeframe wherein traders are expected to meet profit or withdrawal objectives. Both phases have capped this period at 60 days.
• No martingale allowed: The "No martingale" dictum implies that the application of any martingale strategies during trading is strictly prohibited.
• Risk desk team: The Risk Desk team comprises professionals who assess the compatibility of a trader's methodologies with the firm's visions. A misalignment results in a refund of the evaluation fee.
• Third-party copy trading risk: Engaging with third-party copy trading services brings inherent risks. Traders must be wary, as other participants may already be leveraging the same strategy via the service. Such duplication could jeopardize the chances of securing a funded account or withdrawal, especially if the capital distribution ceiling is crossed.

2. Aggressive Pro Trader evaluation program accounts

Fidelcrest's Aggressive Pro Trader evaluation program account is crafted to spotlight dedicated and proficient traders. They are recognized and lauded for their persistent performance throughout the dual-stage evaluation process. This account grants traders the ability to operate with a leverage of 1:200.

The initial evaluation stage mandates traders to achieve a profit benchmark of 20% without exceeding their 10% daily loss limit or the overarching 20% loss constraint. This objective should be met within a 60-day window starting from the initiation of the inaugural trade on the evaluation account. Furthermore, there's an absence of any set trading day minimums to transition to the subsequent evaluation phase.

The following evaluation segment similarly necessitates traders to meet the 20% profit threshold, while adhering to the 10% daily loss and 20% cumulative loss parameters. The same 60-day timeline applies, commencing from the first trade initiation on the evaluation account. Again, there are no predetermined trading days to qualify for the funded account.

Upon successfully navigating both evaluation stages, traders are bestowed with a funded account, devoid of any profit preconditions. Their primary obligation is to stay within the 10% daily loss and 20% total loss bounds. The first compensation is scheduled ten days post the inception of the first trade on the funded account, contingent on meeting specific benchmarks. During this interval, trading engagement for at least 10 days and maintaining profitability are prerequisites to be eligible for the maiden withdrawal. The profit distribution accorded will be a substantial 90%, calculated on the earnings from the funded account.

Scaling Blueprint for Aggressive Pro Trader evaluation program accounts

As of now, the Aggressive Pro Trader evaluation program accounts lack an established scaling strategy.

Guidelines for Aggressive Pro Trader evaluation program accounts

• Profit target: Profit objectives signify the stipulated profit percentage traders need to secure before advancing through an evaluation stage, extracting profits, or augmenting their account dimensions. The bar is set at 20% for both phase 1 and phase 2. Funded accounts lack such stipulations.
• Maximum daily loss: A daily loss ceiling represents the pinnacle of permissible loss in a day before an account status is deemed compromised. The threshold for all account sizes is stationed at 10%.
• Maximum loss: An overall loss benchmark is the zenith of cumulative losses an account can sustain before its status is jeopardized. This boundary is set at 20% across all account variations.
• Maximum trading days: Prescribed trading duration underlines the stipulated period within which specific profit or withdrawal markers must be met. Both evaluation tiers cap this duration at 60 days.
• No martingale allowed: The "No martingale" clause indicates that employing martingale tactics during trading is strictly off-limits.
• Risk desk team: The Risk Desk team consists of professionals that assess the synergy of a trader's modus operandi with the firm's aspirations. A deviation leads to a reimbursement of the evaluation fee.
• Third-party copy trading risk: Leveraging third-party copy trading services is fraught with intrinsic risks. Traders should be cognizant of the possibility that others might be mirroring the same strategy via the service. Such overlaps could jeopardize the prospects of securing a funded account or withdrawal, especially if there's an overstep of the capital distribution norm.

Exclusive Add-on Options with the Purchase of an Evaluation Program

• Secure Your Trades: Secure an additional account for free if your first Challenge phase isn't successful. Applicable to all account sizes and types. (Additional +30% on the one-time fee).
• Boost Your Capital: Obtain a bonus account for free after securing profits on your funded account. (Extra +50% on the one-time fee).
• Enhance Your Leverage: Elevate your trading with an opportunity for up to 1:200 leverage on your account. This empowers you to manage even bigger positions. Accessible for all account sizes and types. (Add +20% on the one-time fee).
• Retry Without Limits: Avail endless retries on your evaluation phases, granted you end your trading period in profit. (Complimentary for all account dimensions and types).

Additionally, opt for one of the two complimentary add-ons:

1. Enjoy an infinite trading day duration during both assessment phases.
2. Benefit from a 60-calendar day maximum trading period with a bonus retry if the drawdown is below 2%.

How Does Fidelcrest Stand Out Among Prop Firms?

Fidelcrest distinctively offers transparent trading regulations, permitting trading during news, retaining trades overnight, and even during weekends.

Contrasting with other prop firms, the Fidelcrest Micro Trader evaluation program necessitates a bi-phase evaluation. Traders undergo two stages prior to qualifying for payouts. For regular risk accounts, the profit objective is 10% in the inaugural phase and 5% in the subsequent phase. For those with an appetite for risk, aggressive accounts require a 15% profit in both stages. Regular risk accounts have set boundaries of a 5% daily maximum loss and a 10% cumulative maximum loss, both during evaluation and post-funding. The aggressive risk accounts align with a 10% daily maximum loss and 20% cumulative maximum loss during both the evaluation and post-funding. Neither the regular nor aggressive accounts have any obligatory trading days during the evaluation. The Micro Trader evaluation program doesn't extend any scaling plan. In relation to top-tier prop firms, their trading objectives align with the industry norm.

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In conclusion, Fidelcrest is different from other industry-leading prop firms by offering two different funding programs. In addition, they also offer traders straightforward trading rules. You can trade during news, hold trades overnight, and during the weekends.

Is attaining capital from Fidelcrest achievable?

It's crucial to understand the feasibility of trading criteria when identifying prop firms that align with your forex trading approach. A firm offering an enticing % profit split on a sizeable funded account may seem appealing. However, if they demand lofty % monthly gains coupled with minimal % allowable drawdowns, the odds of succeeding drastically plummet.

Securing capital from the Micro Trader evaluation program is feasible primarily due to the provision of normal and aggressive risk account options. The normal risk accounts stipulate moderate profit objectives (10% in phase one and 5% in phase two) combined with standard maximum loss provisions (5% maximum daily loss and 10% overall maximum loss across both evaluation phases). Conversely, the aggressive risk accounts set higher profit objectives (15% for each phase) along with elevated maximum loss provisions (10% maximum daily loss and 20% total maximum loss across both phases).

Acquiring funds from the Pro Trader evaluation program is equally achievable. It offers similar options of normal and aggressive risk accounts. The normal risk accounts set balanced profit targets (10% across both phases) and standard loss limits (5% maximum daily loss and 10% total maximum loss for both phases). The aggressive risk options aim for amplified profit benchmarks (20% for both stages) while tolerating greater loss limits (10% daily maximum loss and 20% total loss for both phases).

Given these considerations, Fidelcrest emerges as a top contender for obtaining funding. Their evaluation program options all present attainable trading goals and transparent conditions for remunerations.

Evidence of Payments

Established in 2018 and formally recognized in 2020, Fidelcrest provides verifiable payment evidence.

Their YouTube channel and News segment on their official website showcase proof of payments. Additionally, the Fidelcrestgroup Instagram account provides further validation, available for perusal here.

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Which brokerage is Fidelcrest affiliated with?

Fidelcrest operates its brokerage titled Fidelcrest Markets. In terms of trading platforms, they accommodate trading via MetaTrader 4.

Trading instruments

Fidelcrest offers a good range of trading instruments to trade with such as forex pairs, commodities, indices, stocks, and cryptocurrencies.

Trading fees

Trading commission:

Spread:

To gain access to the live spreads, use these login credentials to get into the trading account below:

Platform: MetaTrader 4

Server: ForeignExchangeClearingHouse-Demo

Login Number: Zd3dchl

Password: 1712029

Download Platform: Click here

Instruction & Assistance for Traders

Fidelcrest doesn't host educational resources on its platform. That said, there's a thread associated with them on ForexFactory, which saw its last update on December 30th, 2019.

They've also garnered mentions in another thread titled "PROP FIRM HUB," initiated by a user named Masterrmind on ForexFactory.

For the thread reference, click here.

Feedback from Traders on Fidelcrest

The feedback trail for Fidelcrest is primarily positive.

On Trustpilot, a barrage of commendable remarks from their audience, leading to a 4.6/5 score from 753 reviews, supports their reputation.

Fidelcrest's responsive support unit ensures that traders receive comprehensive insights about their proprietary trading framework, trading stipulations & targets, and solutions for any obstacles they might face.

The positive resonance from their user community mostly hinges on their unparalleled customer assistance. Their response time is swift, and they're adept at troubleshooting any trader's concern.

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Another highlight is the array of financing program selections, ranging from Micro to Pro accounts. This means both novices and seasoned traders have choices, with account capacities varying from $15,000 up to a staggering $1,000,000.

Online Presence Metrics

Fidelcrest maintains a significant online presence:

• Facebook page attracting 12k enthusiasts,
• Instagram handle with 6,699 aficionados,
• Twitter profile with 305 followers,
• LinkedIn page captivating 685 professionals, and
• YouTube channel that boasts 3,29k subscribers with a portfolio of 22 videos.

Moreover, Fidelcrest's Discord channel offers an avenue for dialogues with their broad community.

Assistance Overview

The FAQ section on Fidelcrest's portal serves as a repository for all vital details about their operations.

Their support echelon is reachable via their social platforms or through the direct email pathway at support@fidlecrest.com.

A dynamic 24/5 live chat service, operational from Monday to Friday, further bolsters their support mechanism.

Final Thoughts

To sum it up, Fidelcrest stands out as a bona fide proprietary trading entity offering traders the latitude to opt between two distinctive funding paths: Micro Trader and Pro Trader programs.

The Micro Trader evaluation protocols embody a two-stage assessment gauntlet mandating the fruition of both levels prior to funding eligibility and qualifying for profit sharing. Here, traders must decide between normal and aggressive risk profiles. Normative risk profiles anticipate profit margins of 10% in the initial phase and 5% in the subsequent one, with standard loss ceilings (5% daily peak loss and an overarching 10% limit). Conversely, aggressive profiles target 15% profits across both stages with permissible losses capped at 10% daily and an overall 20%. Opting for Micro Trader evaluation protocols can yield between 80% to 90% profit allocations, contingent on your risk preference.

The Pro Trader evaluation protocols are structured similarly, but the aggressive risk bracket aspires for 20% profits throughout, with identical loss restrictions. Here too, profit shares span between 80% to 90%, hinging on your chosen risk bracket.

Endorsing Fidelcrest becomes easy for anyone scouting for a prop firm with lucid trading stipulations, backed by a robust trading game plan. As a prop entity, their offerings make them a standout, catering to a diverse range of traders with varied trading temperaments. Weighing up Fidelcrest's offerings, they undeniably rank among the top-tier proprietary trading entities out there.

This assessment of Fidelcrest saw its last revision on 10.08.2023 at 06:19 (CE(S)T).

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