Fidelcrest vs The Trading Pit

Comparison Overview

Retail traders seeking to partner with a proprietary trading firm must weigh various factors including reputation, trading conditions, and growth potential. The following comparison between Fidelcrest and The Trading Pit should help highlight the distinct features that each offers to its traders, allowing you to make an informed decision based on your trading style, goals, and preferences.

Fidelcrest: Established With Ample Trading Support

Fidelcrest is marked by its impressive Trustpilot rating of 4.6/5, a testament to its credibility and the satisfaction of its users. Retail traders are likely to appreciate the opportunities offered by endless free evaluation reattempts, suggesting that the firm is committed to finding talented traders even if initial performance falls short. Additionally, the technology provided by Fidelcrest Markets ensures competitive trading conditions with genuine spreads and no fees. The customer support in several languages can be a boon for traders requiring assistance in their native tongue, fostering an inclusive and supportive trading environment. Importantly, Fidelcrest allows its traders the flexibility to hold positions overnight and during major news events, ensuring that trading strategies need not be unduly restricted. Another positive aspect of Fidelcrest is the leverage, which at 1:200 with potential capital up to $2,000,000, positions the firm as a serious option for traders aiming for high capital growth paths. However, traders should be aware of the relatively high-profit goals, especially in Aggressive accounts. While this encourages ambitious trading, it may also require a more robust risk management strategy.

The Trading Pit: Newcomer with Aggressive Growth Potential

Since its incorporation in February 2022, The Trading Pit has quickly established a reputable image with an exemplary Trustpilot rating of 4.8/5. It caters to ambitious traders through its generous offer of scaling up to $5,000,000 and an attractive profit division going up to 80%. This signals a firm that is confident in its ability to support and reward successful traders. The minimal trading requirement of just 3 days is particularly appealing for those looking to prove themselves and move quickly through the evaluation phases. In addition, The Trading Pit boasts a wide range of trading instruments and a flexible trading ethos, not limiting traders from holding positions overnight, on weekends, or during news events. However, traders starting out with The Trading Pit should be conscious of the initial lower profit share and the trailing drawdown criterion after funding, which might place constraints on trading style and risk exposure.

User Experience and Accessibility

In terms of user experience, both firms provide a high level of accessibility with various deposit and withdrawal methods. Fidelcrest’s inclusion of Deel for withdrawals may cater to an international user base valuing diverse payment methods. Account sizes differ significantly, with Fidelcrest offering a wide range of options catering to different levels of trader experience and capital requirement.

Trading Instruments and Rules

Both firms offer an extensive array of tradeable instruments including commodities, cryptocurrencies, and more, ensuring traders can diversify or specialize as they prefer. The rules set by both firms are fairly standard for the industry, with maximum loss and maximum daily loss limits in place to enforce disciplined trading.

Final Verdict

Considering these factors, Fidelcrest shines for its technology, customer support, and inclusivity in terms of holding trades. On the other hand, The Trading Pit edges out in terms of profit potential and ease of scaling. Ultimately, retail traders must evaluate their own trading strategies, risk tolerance, and growth goals when choosing between these firms. Both Fidelcrest and The Trading Pit have carved out their own distinct niches in the prop trading landscape, and thoughtful consideration will reveal which path aligns with your trading journey.