- 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.
Funded Academy
- Real accounts with up to $1,000,000 in genuine capital.
- Bi-weekly payouts with profit shares of 70% to 90%.
- 1:100 leverage for Standard challenge accounts.
- Permitted overnight positions and news trading.
- Exclusive benefits for Extended challenge accounts.
Cons ❌
Fidelcrest
- Profit goals range from 15% to 20% for Aggressive accounts
Funded Academy
- Lot size restrictions
- 1:10 leverage on Extended challenge accounts
- Monthly payouts on Extended challenge accounts
Rules 📋
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
Funded Academy
Lot Size Limit, Maximum Daily Loss, Maximum Loss, No Weekend Holding, Profit Target, Stop Loss Required, Third Party Copy Trading Risk, Third Party EA Risk
Fidelcrest presents a robust platform for serious retail traders, boasting an impressive Trustpilot rating of 4.6/5, which reflects the firm's reliability and customer satisfaction. The firm offers traders the opportunity for endless free evaluation reattempts, which is a commendable advantage for those who may need multiple attempts to prove their trading skills.
Their proprietary trading technology, Fidelcrest Markets, offers zero fees and genuine spreads, presenting a transparent and cost-effective trading environment. Multilingual customer support is a strong suit, ensuring traders from various regions can receive assistance without language barriers.
The ability to hold positions overnight and during major news events caters to various trading strategies, offering traders the flexibility they demand. Additionally, Fidelcrest’s leverage of up to 1:200, coupled with the potential to manage up to $2,000,000 in capital, makes it an attractive option for high-volume traders.
Despite these advantages, potential traders should consider Fidelcrest's profit targets, which range from 15% to 20% for Aggressive accounts, might be challenging for some traders. Moreover, they have a set of rules, including maximum loss limits and restrictions on trading strategies like Martingale, which traders must rigorously adhere to, potentially constraining certain trading styles.
Funded Academy: Strengths and Limitations
Funded Academy differentiates itself with real accounts that can reach up to $1,000,000 in capital, appealing to traders looking for significant financial opportunities. Their profit-sharing model, offering traders 70% to 90% of profits, is a generous structure that highly incentivizes successful trading. Standard challenge accounts come with 1:100 leverage, a reasonable amount that balances opportunity with risk.
Traders at Funded Academy benefit from the permission to hold positions overnight and trade during news releases, much like Fidelcrest. Extended challenge accounts also garner exclusive benefits, underlining Funded Academy’s understanding of diverse trader needs.
However, restrictions on lot sizes, the 1:10 leverage on Extended challenge accounts, and monthly payouts on these accounts could be seen as less competitive elements, particularly for traders who prefer more flexibility and higher leverage. Moreover, their rules also stipulate limits on trading styles.
Deposit and Withdrawal Methods
In terms of financial transactions, Fidelcrest offers a broader range of options. Both firms support the mainstream methods of crypto and credit/debit card transactions. Still, Fidelcrest goes a step further by including bank wire transfers and using Deel for withdrawals, enhancing their financial convenience and accessibility. Conversely, Funded Academy’s reliance solely on crypto for withdrawals may limit options for traders who prefer more traditional withdrawal methods.
Account Specifications
Fidelcrest’s account offerings are expansive, with account sizes ranging from $15,000 to a commanding $1,000,000. This range of account sizes offers traders the ability to choose a scale of trading that suits their comfort level. On the other hand, Funded Academy sticks with accounts denominated in USD without specifying particular tiers, which could suggest a more one-size-fits-all approach that may not suit all traders.
Tradeable Instruments and Currency
In terms of market reach, both firms provide a diverse array of tradeable instruments, including crypto, forex, indices, and stocks. Fidelcrest further includes commodities in their lineup, potentially appealing to traders with a preference for diversification in asset classes. Both firms operate with accounts in USD, maintaining a standard for international traders.
Establishment and Track Record
Fidelcrest, established in September 2018, has a few years of additional operation over Funded Academy, which began in July 2021. This longer track record may instill additional confidence for traders seeking stability and a proven operational history.
Concluding Thoughts
In sum, each prop trading firm presents a distinctive set of advantages and constraints. Fidelcrest shines with its high Trustpilot rating, array of deposit and withdrawal methods, and its capacity for significant capital management. Funded Academy, while newer to the scene, offers enticing profit shares and the allure of real accounts backed by genuine capital. The right choice for a trader will largely depend on their specific trading goals, preferred trading instruments, desired leverage, and the flexibility they require regarding trading rules and financial management.
