- Direct funding up to $500,000 without evaluation.
- Trustpilot rating of 4.7/5 and excellent customer service.
- Scaling plan with unrestricted timeframe and 10% fixed drawdown.
- Flexibility: Overnight holding (Mon - Fri) and account doubling at 10% profit.
- Benefits: Free retake & 14-day extension for Ability Challenge.
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 ❌
Audacity Capital
- No free trial
- No trading or holding over the weekend
- 50% profit split
- Monthly platform charges
Fidelcrest
- Profit goals range from 15% to 20% for Aggressive accounts
Rules 📋
Audacity Capital
Consistency Rule, Lot Size Limit, Maximum Daily Loss, Maximum Loss, Maximum Trading Days, Minimum Trading Days, No News Trading, No Weekend Holding, Profit Target
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
Audacity Capital stands out for providing direct access to a financed trading account up to $500,000 without the need for an evaluation process. This proposition is particularly appealing for experienced traders who have a proven track record and wish to avoid the often rigorous and time-consuming evaluation phases that most prop firms require. Such a direct funding approach is a testament to Audacity Capital’s confidence in its selection criteria for traders.
User Experience and Customer Support
User satisfaction is a clear priority, as reflected in their impressive Trustpilot rating of 4.7 out of 5. This is indicative of a firm that has built strong reliability and customer service responsiveness. The convenience factor is further bolstered by the flexibility offered in trading strategies, with overnight holding from Monday to Friday and the option of account doubling after accruing 10% profit.
Scaling and Profit Sharing
The firm’s scaling plan is another robust feature, offering traders an unrestricted timeframe to manage their growth with a stable 10% fixed drawdown. This gives traders room to operate with a safety net that encourages calculated risk-taking. However, the 50% profit split might be less appealing compared to other proprietary firms that offer higher percentages to their traders.
Considerations and Restrictions
Still, some drawbacks include the absence of a free trial for potential traders, monthly platform fees which can add up, and the limit on market exposure with no weekend holding—factors that may deter certain trading styles.
Fidelcrest Review
Embracing the Trader’s Journey with Fidelcrest
Fidelcrest provides a robust platform for traders to showcase their abilities, with the carrot on the stick being the potential to manage up to $2,000,000 in capital. Their standout feature is the endless free evaluation reattempts, which demonstrates a business model that invests in the development of their traders. The multilingual customer support speaks to their global reach and inclusivity.
Trading Technology and Leverage
The advanced trading technology offered through Fidelcrest Markets, boasting zero fees and genuine spreads, positions them as an innovation-forward firm. The leverage of up to 1:200 is another considerable advantage for traders looking to maximize their potential in the forex and CFD markets.
The Road to Success with Fidelcrest
However, traders aiming to achieve the aggressive accounts need to be diligent, as profit goals ranging from 15% to 20% are quite ambitious and may require a more aggressive trading strategy. It’s a prop firm that seems to favor the bold, with high rewards for those who can consistently hit higher benchmarks.
Product Diversity and Regulation
What might draw a diverse array of traders to Fidelcrest is the wide selection of tradable instruments, including commodities, crypto, forex, indices, and stocks. Such diversity affords traders the flexibility to tap into various markets. Deposit and withdrawal methods are on par with industry standards, and the inclusion of Deel for withdrawals may offer added convenience for certain users.
Comparatively, the rules set by Fidelcrest manage to strike a good balance between freedom and risk management, with the Risk Desk Team and restrictions on aggressive strategies such as Martingale and third-party EA and copy trading posing as safeguards.
Conclusion: Weighing Your Options
Each firm delivers unique value propositions and constraints. Audacity Capital might be ideal for traders seeking quick access to significant capital with fewer formalities but at the cost of a lower profit share and no weekend trading. In contrast, Fidelcrest caters to the tenacious trader who is willing to persist through rigorous profit targets and embrace a variety of instruments, potentially managing an even substantial sum of capital with higher leverage.
Incorporating feedback from real users and considering the alignment of each firm’s trading parameters with personal strategies will serve as vital steps for any retail trader looking to make an informed decision.
