- Scaling potential up to $1,280,000 with a 4.7/5 Trustpilot rating.
- Options for basic evaluation, direct funding, and five account programs.
- Inclusive of preparatory educational sessions.
- Overnight holding permitted (Monday - Friday) with 1:100 leverage.
- Premium instruction and mentorship from industry experts.
Fidelcrest
- Impressive 4.6/5 Trustpilot rating and endless free evaluation reattempts.
- Advanced trading with Fidelcrest Markets tech: zero fees, genuine spreads.
- Multilingual customer support.
- Allows holding trades overnight and during news.
- Maximum leverage of 1:200 with potential capital up to $2,000,000.
Cons ❌
Alphachain
- Restrictions on lot size
- Minimum of 30 active trading days required
- Prohibition on news trading and holding positions over weekends
Fidelcrest
- Profit goals range from 15% to 20% for Aggressive accounts
Rules 📋
Alphachain
Lot Size Limit, Maximum Loss, Maximum Weekly Loss, Minimum Trading Days, No EAs Allowed, No News Trading, No Weekend Holding, Profit Target, Stop Loss Required
Fidelcrest
Maximum Daily Loss, Maximum Loss, Maximum Trading Days, No Martingale Allowed, Profit Target, Risk Desk Team, Third Party Copy Trading Risk, Third Party EA Risk
Alphachain and Fidelcrest are both reputable proprietary trading firms offering opportunities for traders to scale their careers and manage significant capital. With Trustpilot ratings of 4.7 and 4.6 out of 5 respectively, they each boast high levels of user satisfaction and trustworthiness, setting them apart as leaders in the industry. Alphachain, though younger with its inception in August 2020, competes closely with Fidelcrest, which was established in September 2018.
Funding and Account Options
Alphachain provides traders with the potential to scale their managed capital up to an impressive $1,280,000, which is remarkable for serious traders aiming for high growth. Their account options include basic evaluation to direct funding, along with five distinctive account programs, catering to various trader needs. Conversely, Fidelcrest swings big with the potential for traders to manage up to $2,000,000 in capital, alongside the unique advantage of unlimited free evaluation reattempts, which is a significant consideration for those new to prop trading or facing a rough patch.
Educational and Technical Resources
Both firms offer substantial resources, with Alphachain taking a notable stance on education, including preparatory sessions and premium mentorship from industry experts—a boon for traders who prioritize continuous learning. Fidelcrest’s advanced trading technology also shines through; they offer zero fees with genuine spreads that can greatly benefit those focusing on cost-efficient trading strategies.
Customer Support and Trading Conditions
Multilingual customer support from Fidelcrest gives it a customer service edge, particularly for non-English speaking traders. Furthermore, Fidelcrest's maximum leverage of 1:200 could be more attractive than Alphachain's 1:100 to those seeking higher leverage levels. Alphachain does permit overnight holding from Monday to Friday, but unlike Fidelcrest, they do not allow trading over the weekends or during news events, which can be a downside for traders specializing in such strategies.
Trading Restrictions and Rules
When it comes to trading conditions, Alphachain enforces a minimum of 30 active trading days and imposes restrictions on lot sizes, which may hamper the flexibility some traders desire. In contrast, Fidelcrest's rules regarding daily loss limits and the presence of a risk desk team indicate a more structured approach to risk management, providing a sense of security but also potentially limiting aggressive trading styles.
Financial Transactions
Regarding financial transactions, Alphachain sticks to the basics with credit/debit card deposit methods, whereas Fidelcrest offers a wider range including bank wire transfer and crypto. For withdrawals, both firms provide options for bank wire and crypto, but Fidelcrest again edges out with an additional method via Deel, suggesting greater convenience for their traders.
Account Offerings and Trading Instruments
Looking at account sizes, Alphachain offers a variety of choices from $10,000 to $50,000, which allows traders to start at a level they are comfortable with and scale up. Fidelcrest, however, does not specify their account sizes, leaving a gap in information. Both firms offer trading on commodities, crypto, forex, and indices, but Fidelcrest adds stocks to their suite of tradeable instruments, making it more appealing for those interested in equity markets.
Final Thoughts
Retail traders and potential users must weigh these factors based on individual trading styles, preferences, and goals. Alphachain's educational focus and mentorship may make it an excellent choice for those looking to develop their skills further, while Fidelcrest's technological offerings and more flexible terms might suit traders focused on an expansive set of instruments and greater capital growth. Each firm presents its unique advantages and restrictions, and the best fit will depend on personal trading plans and risk tolerance.
