Fidelcrest vs Nations Trading

Fidelcrest vs. Nations Trading: Navigating Prop Firm Features for Traders

When it comes to choosing a proprietary trading firm, retail traders are often looking for robust trading platforms, supportive customer service, and favorable trading conditions. This review compares two prop firms, Fidelcrest and Nations Trading, to assist traders in making an informed decision.

Fidelcrest Overview

Fidelcrest's reputation in the trading community is solid, boasting an impressive Trustpilot rating of 4.6/5. This reflects a high level of trust and satisfaction among its users. The offer of endless free evaluation reattempts is particularly noteworthy, catering to the reality of trading where even skilled traders can face setbacks before qualifying for funding. Additionally, Fidelcrest provides traders with advanced trading technology through Fidelcrest Markets, including the benefits of zero fees and genuine spreads. This tech-forward approach shows a firm in tune with contemporary trader needs. The firm's multilingual customer support ensures traders from various backgrounds can get help conveniently. Moreover, the allowance for holding trades overnight and during news events, coupled with a maximum leverage of 1:200 and potential capital of up to $2,000,000, makes Fidelcrest an attractive proposition.

Nations Trading Overview

Nations Trading, a newer entrant in the market, sets itself apart by offering sizable evaluation accounts up to $250,000 and funding up to $1,000,000 per account, which is quite generous. This firm stands out with its extensive range of trading instruments and the permission it grants traders to hold positions over the weekend, which provides flexibility and aligns with many trading strategies. Moreover, Nations Trading's allowance for trading during news events shows understanding of various trading tactics. Perhaps the most appealing offering is the 80% profit sharing, which is on the higher end of the spectrum for prop firms.

Critical Comparison: Visibility & Trading Conditions

Where Fidelcrest has established a strong presence with comprehensive feedback from its trading community, Nations Trading seems to lag with its limited community feedback. This can be an influential factor for traders who rely on community-driven reviews and testimonials. In addition, the lack of a free trial for Nations Trading might deter traders who prefer testing the waters before diving in. The direct robot-assisted live chat support from Nations Trading may not satisfy traders who prefer personalized, human support, which is an area where Fidelcrest has an advantage with its multilingual customer service. In terms of trading conditions, while Fidelcrest has high profit targets for its Aggressive accounts, reaching from 15% to 20%, Nations Trading does not provide specifics on its profit targets, which might raise questions regarding transparency and expectations.

Risk Management & Rules

Both firms enforce rules aiming at risk management, such as Maximum Daily Loss and Maximum Loss limits. While Fidelcrest prohibits the use of Martingale strategies, Nations Trading takes a firmer stance against copy trading and Expert Advisors (EAs). These restrictions indicate that both firms have a risk-averse approach, focusing on sustainability and long-term profitability.

Funding and Withdrawals

As for deposit and withdrawal options, Fidelcrest offers more versatility, accepting bank wire transfers, cryptocurrencies, and credit/debit cards. It also provides a withdrawal method through Deel, which might be appealing to international traders looking for convenient currency conversion options. Nations Trading, however, limits both deposits and withdrawals to cryptocurrencies and credit/debit cards, potentially narrowing its appeal.

Account Features and Tradeable Instruments

Regarding account sizes, Fidelcrest caters to a wider range of traders with various options, from $15,000 to $1,000,000, compared to Nations Trading, where account details are less specific. Both firms offer a broad spectrum of tradeable instruments, with Fidelcrest including Commodities, Crypto, Forex, Indices, and Stocks. Nations Trading matches this variety and adds Metals to its portfolio, potentially drawing traders looking for a more diverse commodity offering.

Conclusion: Evaluating Your Trading Needs

Choosing between Fidelcrest and Nations Trading ultimately comes down to individual trading preferences and needs. Fidelcrest stands as a seasoned firm with a tight-knit community, advanced trading technology, and a range of account sizes. In contrast, Nations Trading, though less established, offers substantial profit sharing and holds potential for traders who can work with less community feedback and support. Both firms have their merits and could serve different trading styles and strategies. Therefore, traders are encouraged to weigh these factors alongside their personal goals, risk tolerance, and trading approach.