- Trader Career Path (TCP)
- Methodical Progression
- Well-Structured Program
- Clear Profit Targets
- Drawdown Limit Adjustments
- Lucrative Live Account Opportunity
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 ❌
Earn2Trade
- Minimum Trading Days
- Daily Loss Limit
- Requires Discipline
Fidelcrest
- Profit goals range from 15% to 20% for Aggressive accounts
Rules 📋
Earn2Trade
Funded Trader Program
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
When it comes to choosing a proprietary trading firm, retail traders seek platforms that offer not only a great set of trading conditions but also a real opportunity to grow as a trader. In this comparison review, we take a critical look at two established players in the prop firm space: Earn2Trade and Fidelcrest.
Firm Profiles
Earn2Trade
Founded in 2016, Earn2Trade is known for its Funded Trader Program, which provides traders with a straightforward path to becoming professional money managers.
Fidelcrest
Incorporated in September 2018, Fidelcrest entered the market with the promise of offering advanced trading technologies through Fidelcrest Markets. Its strong 4.6/5 Trustpilot rating attests to a positive reception from its user base.
Firm Pros and Cons
Earn2Trade
Unfortunately, the specifics regarding the Pros and Cons of Earn2Trade have not been provided. It is crucial to assess every aspect of a prop firm before drawing any conclusions.
Fidelcrest
With an impressive online reputation, Fidelcrest shines in the field of customer satisfaction. The proprietary tech for advanced trading and the flexibility in holding positions overnight or during news events set it apart. They also provide a significant advantage with multilingual customer support and generous leverage options, scaling up to a major capital provision of $2,000,000. However, the flipside is the relatively high profit goals for Aggressive accounts, set between 15% to 20%, putting extra pressure on the trader.
Trading Rules and Guidelines
A comparison of trading rules is pivotal when assessing prop firms, as these can markedly impact a trader's strategy and risk management.
Earn2Trade
Earn2Trade's Funded Trader Program comes with its own set of rules, though these are not detailed in the provided context. A thorough understanding of these is necessary to leverage the program effectively.
Fidelcrest
Fidelcrest implements a structured set of trading rules, including maximum daily and total loss limits, maximum trading days, stringent criteria for profit targets, and the inclusion of a risk desk team. It also prohibits high-risk strategies like Martingale and has specific clauses for third-party copy trading and the use of Expert Advisors (EAs), ensuring a controlled trading environment.
Funding and Withdrawal Options
The ease of funding and withdrawal impacts a trader's experience significantly.
Earn2Trade
Earn2Trade offers funding through credit/debit cards and allows withdrawals via bank wire transfer. While convenient, the options are relatively limited compared to others in the market.
Fidelcrest
Fidelcrest caters to a broader audience by accepting bank wire transfers, cryptocurrencies, and credit/debit card deposits. Additionally, it provides withdrawal through wire transfer, cryptocurrencies, and Deel, making financial transactions more accessible for international traders.
Account Features Comparison
Tradeable instruments and account size can define the breadth of trading strategies a trader can employ.
Earn2Trade
Earn2Trade offers a starting account size of $10,000 and focuses on Commodities, allowing specialization in this market segment. It also offers versatility with account currency options in both USD and GBP.
Fidelcrest
Fidelcrest, on the other hand, provides diversity in trading with a range of assets including Commodities, Crypto, Forex, Indices, and Stocks. Although account sizes are denominated in USD, they are not specified in the context provided. This range of tradeable instruments indicates that Fidelcrest caters to traders looking for a varied portfolio.
Final Thoughts
Both Earn2Trade and Fidelcrest offer solid foundations for retail traders. However, Fidelcrest's multilingual support, broad range of financial instruments, and funding and withdrawal options make it an attractive choice for traders seeking versatility and growth opportunities. Earn2Trade might appeal to traders looking for a focused commodities trading environment, though a closer examination of its conditions is necessary. It's imperative to weigh personal trading preferences, the importance of customer service, and each firm's trading conditions before making the final decision.
