Fidelcrest vs Leveled Up Society

Fidelcrest: An In-Depth Review

Fidelcrest has positioned itself quite impressively in the prop trading arena with a stellar 4.6/5 Trustpilot rating, suggesting a high level of trader satisfaction. This is not surprising given its robust offering of free evaluation reattempts, a feature not commonly found in the market. Fidelcrest's proprietary trading technology, Fidelcrest Markets tech, is a game-changer for serious traders seeking advanced tools with the benefit of zero fees and competitive spreads. The customer support offered by Fidelcrest is not just responsive but sensitive to the language needs of a global user base, adding a layer of comfort for international traders. For those more aggressive in their trading strategies, the allowance to hold trades overnight and during news events, combined with a maximum leverage of 1:200, grants significant flexibility. Furthermore, with capital potential reaching up to $2,000,000, Fidelcrest caters to the ambitions of both seasoned traders and those looking to expand their trading capital significantly. However, no firm is without drawbacks. The profit goals for Fidelcrest are notably steep, ranging from 15% to 20% for Aggressive accounts, which could be a daunting hill to climb for some traders. Additionally, strict rules including maximum daily loss limits, maximum trading days, and a prohibition on certain high-risk strategies such as Martingale, while beneficial for risk management, may stifle the more daring investors. The robustness of Fidelcrest's service is further supported by its flexible deposit and withdrawal methods, which include bank wire transfers, cryptocurrencies, and the international payroll service Deel. Account size options are diverse, scaling up to $1 million, catering to a wide range of trading capital requirements. Fidelcrest's tradeable instruments span across popular asset classes, including commodities, cryptocurrencies, Forex, indices, and stocks, offering traders a bounty of opportunities to diversify their portfolios using the USD as the base account currency.

Leveled Up Society: An In-Depth Review

Leveled Up Society entered the prop trading market very recently in April 2021, and has swiftly made a name for itself by offering traders accounts balanced up to $1,000,000 with unlimited evaluation retries—a feature traders often look for to ease the journey towards trading larger capital. The profit-sharing scheme is notably generous, with traders taking home between 80% to 90% of profits and receiving them every two weeks. One of the commendable features of Leveled Up Society is the open position policy, which allows trades to be held overnight and over weekends. This, paired with an account scaling feature and a maximum leverage of 1:100, provides traders with a fair ground for growth without being overly restrictive in terms of risk. A plethora of trading assets is available, including forex, commodities, indices, and metals, giving traders ample room to maneuver and strategize across different markets with USD as the base account currency. While Leveled Up Society does hold promise, it also sets certain boundaries for trading strategies. Notably, it doesn't allow the Martingale tactic and imposes restrictions on news-based trading, constraining traders who might prefer these more aggressive approaches. Another limitation is the trailing drawdown for single-step accounts, which might deter traders who are looking to maximize their capital utilization without constant worry about account balance relative to peak performance. As for logistics, Leveled Up Society harnesses a more streamlined approach, with Deel being the sole withdrawal method and credit/debit cards and cryptocurrency being facilitators for deposits.

Comparative Insights

Comparing Fidelcrest and Leveled Up Society throws light on some distinctive differences and similarities that must be considered by retail traders and potential users: Fidelcrest excels in customer experience as depicted by its higher Trustpilot rating and is more inclusive in its offerings, such as the variety of withdrawal and deposit methods, and a greater scope in account sizes and tradeable instruments. Its more established tenure since September 2018 also suggests a certain level of market experience and stability. Leveled Up Society, though newer to the scene, does not fall short in appealing to traders with its attractive profit share scheme, the flexibility to hold positions, and its own set of unique growth features like account scaling. Traders must weigh these factors against their personal trading goals, risk tolerance, preferred instruments, and strategies when selecting a prop firm that aligns best with their trading ambitions. Both Fidelcrest and Leveled Up Society, while having their respective pros and cons, present compelling options within the prop trading industry.