Review
Fidelcrest

“Fidelcrest Review: A Comprehensive Assessment of Fidelcrest’s Services and Features”

“Fidelcrest: Empowering Traders with Enhanced Capital for Life-Changing Opportunities | Global Proprietary Trading Firm in Nicosia, Cyprus”

Fidelcrest, a prominent proprietary trading firm headquartered in Nicosia, Cyprus, offers traders the chance to access substantial capital and improve their financial situations. The firm’s primary goal is to help retail traders globally achieve consistent and sustainable profits over extended periods.

Fidelcrest actively encourages traders from diverse backgrounds to take part in their verification challenge. Upon successfully meeting the challenge’s requirements, these traders gain the privilege to manage substantial capital allocations of up to $1,000,000 from anywhere in the world.

Fidelcrest places a strong emphasis on the professional growth and success of its traders by providing opportunities to increase profits through trading balances of up to $2,000,000. To secure funding, traders are required to complete a two-step trading challenge successfully. Upon completing this, traders can benefit from profit splits ranging from 80% to 90% on their earnings.

Who are Fidelcrest

Fidelcrest is a proprietary trading firm established in 2018 by a team of experienced forex traders and industry professionals. The company is headquartered in Nicosia, Cyprus, with its IT department operating from Tallinn, Estonia. Fidelcrest uses Fidelcrest Markets as its preferred brokerage platform, and its main office address is at Arch. Makariou III & 1-7 Evagorou, MITSI 3, 1st floor, office 102 C, 1065 – Nicosia, Cyprus.

Funding Options

Fidelcrest offers traders two different programs to choose from:

Micro Trader evaluation program accounts

– Normal Micro Trader evaluation program accounts
– Aggressive Micro Trader evaluation program accounts

Pro Trader evaluation program accounts

Normal Pro Trader evaluation program accounts
Aggressive Pro Trader evaluation program accounts

Micro Trader evaluation program account:

Normal Micro Trader evaluation program accounts

The Fidelcrest Normal Micro Trader evaluation program accounts are designed to identify skilled and dedicated traders who can consistently meet specific performance targets during a two-phase evaluation period. Participants in this program have the opportunity to trade with leverage of up to 1:200.

During the first phase of the evaluation, traders must achieve a 10% profit target while ensuring they do not exceed a maximum daily loss of 5% or a maximum overall loss of 10%. This profit goal must be reached within 60 calendar days from the date a trader initiates their first position on the evaluation account. There are no specific requirements regarding the minimum number of trading days needed to progress to the second phase.

In the second phase, traders are required to reach a 5% profit target while adhering to the same maximum daily loss and maximum loss limits as in phase one. Again, this profit target must be achieved within 60 calendar days from the day the trader places their initial position on the evaluation account. Similar to phase one, there are no minimum trading day requirements to advance to a funded account.

Upon successful completion of both evaluation phases, traders are granted a funded account without specific profit targets. The only requirement is to follow the maximum daily loss of 5% and the maximum loss of 10% rules. After establishing their initial position on the funded account, traders become eligible for their first payout ten calendar days later, provided certain criteria are met. During this time, traders must engage in a minimum of 10 calendar days of trading while maintaining profitability in order to request their first withdrawal. The profit split will be 80% based on the profits generated in the funded account.

It’s important to note that the current evaluation program for Normal Micro Traders does not include a scaling plan.

Rules for normal micro trader:

The profit target refers to a specific percentage of profit that traders must achieve to successfully complete an evaluation phase, withdraw profits, or scale their trading account. Phase 1 requires a profit target of 10%, while Phase 2 entails a profit target of 5%. Funded accounts do not have profit targets associated with them.
The maximum daily loss represents the maximum allowable loss traders can incur on a daily basis without violating their trading account. Regardless of the account size, the maximum daily loss limit is set at 5%.
The maximum loss denotes the highest permissible overall loss traders can experience before violating their trading account. Across all account sizes, the maximum loss threshold is set at 10%.
The maximum trading days signify the maximum duration within which traders are required to achieve a specific profit target or withdrawal target. Both Phase 1 and Phase 2 have a maximum trading period of 60 calendar days.
The risk desk team is responsible for assessing whether a trader’s trading strategy aligns with the prop firm’s requirements. If the team determines that a trader’s strategy is not eligible, a refund is issued for their evaluation account.
When utilizing third-party copy trading services, it is important to be aware of the risk associated with duplicating the trades of other traders. Since there may be other traders employing the same trading strategy through the third-party service, there is a potential risk of exceeding the maximum capital allocation rule. If this occurs, it could result in the denial of a funded account or withdrawal.

Aggressive Micro Trader evaluation program accounts

Fidelcrest’s Aggressive Micro Trader evaluation program account is designed to identify dedicated and skilled traders who can earn rewards for maintaining consistency during a two-phase evaluation period. This program enables trading with leverage of up to 1:200.

In the first phase of the evaluation process, traders must achieve a 15% profit target while abiding by a maximum daily loss limit of 10% and a maximum loss limit of 20%. Traders have a 60-calendar-day window, starting from the date they make their first trade in the evaluation account, to reach this profit target. There are no minimum trading day requirements to proceed to the second phase of the evaluation.

The second phase of the evaluation involves traders aiming to achieve a 15% profit target while staying within the maximum daily loss limit of 10% and the maximum loss limit of 20%. Similar to the first phase, traders have 60 calendar days from the date they initiate their first trade in the evaluation account to meet the profit target. There are no minimum trading day requirements to qualify for a funded account.

Upon successfully completing both evaluation phases, traders are provided with a funded account that doesn’t come with specific profit targets. The only conditions are to adhere to a maximum daily loss limit of 10% and a maximum loss limit of 20%. The initial payout occurs ten calendar days after the trader makes their first trade in the funded account, provided that certain criteria are met. During this period, the trader must trade for a minimum of 10 calendar days and maintain a profitable position to request their first withdrawal. The profit split will be 90% based on the profit generated in the funded account.

It’s important to note that, at this time, the Aggressive Micro Trader evaluation program does not provide any available scaling plans for accounts.

aggressive micro traders rule:

The profit target denotes a specific percentage of profit that must be attained by a trader to successfully complete an evaluation phase, withdraw profits, or expand their account. Phase 1 and Phase 2 both require achieving a profit target of 15%. However, funded accounts do not have profit targets.
The maximum daily loss refers to the highest permissible amount of loss that a trader can incur within a single day before the account is deemed violated. For all account sizes, the maximum daily loss is set at 10%.
Similarly, the maximum loss signifies the maximum cumulative loss that a trader can reach overall before the account is considered violated. Irrespective of the account size, the maximum loss is capped at 20%.
The maximum trading days indicate the prescribed time frame within which a trader must attain a specific profit target or withdrawal target. Both Phase 1 and Phase 2 encompass a maximum trading period of 60 calendar days.
The risk desk team is responsible for assessing whether a trader’s trading strategy aligns with the requirements of the proprietary firm. If the team determines that the trading strategy does not meet the eligibility criteria, the trader is entitled to a refund on their evaluation account.
Third-party copy trading risk arises when utilizing copy trading services. It is important to consider that by utilizing a third-party copy trading service, there may already be other traders employing the same trading strategy. Consequently, using such a service carries the potential risk of being denied a funded account or withdrawal if the maximum capital allocation rule is exceeded.

Pro Trader evaluation program account

Normal Pro Trader evaluation program accounts

The Fidelcrest Normal Pro Trader evaluation program account is designed to identify and reward skilled traders who maintain consistent performance over a two-phase evaluation period. This program allows traders to leverage up to 1:200.

In the first evaluation phase, traders are required to achieve a 10% profit target without exceeding a maximum daily loss of 5% or a maximum loss limit of 10%. This goal must be met within 60 calendar days from the day they first open a position in the evaluation account. There is no specific minimum trading day requirement to advance to the second evaluation phase.

The second evaluation phase mandates that traders reach a 10% profit target while adhering to the 5% maximum daily loss and 10% maximum loss rules, similar to the first phase. The profit target should also be reached within 60 calendar days from the initial position placement in the evaluation account. Again, there are no specific minimum trading day requirements to move on to a funded account.

Upon successful completion of both evaluation phases, traders are provided with a funded account that does not have specific profit targets to meet. However, they must still follow the maximum daily loss of 5% and maximum loss limit of 10%. The initial payout from the funded account is scheduled ten calendar days after the first position is opened, subject to meeting certain criteria. During this period, traders must trade for a minimum of 10 calendar days and be in a profitable state to request their initial withdrawal. The profit split will be 80% based on the profits generated in the funded account.

It’s worth noting that at the moment, the normal Pro Trader evaluation program accounts do not include a scaling plan.

Rule normal pro trader

The profit target represents a specific percentage of profit that traders must achieve before they can successfully complete an evaluation phase, withdraw their profits, or scale their trading account. During Phase 1 and Phase 2, the profit target stands at 10% for each phase. It is important to note that funded accounts do not have profit targets associated with them.
The maximum daily loss denotes the maximum allowable loss that traders can incur on a daily basis before their account is considered in violation. Regardless of the account size, the maximum daily loss limit is set at 5%.
Similarly, the maximum loss signifies the overall maximum loss that traders can reach before their account is deemed in violation. All account sizes adhere to a maximum loss limit of 10%.
The maximum trading days refer to the prescribed time frame within which traders are required to achieve a specific profit target or withdrawal target. Both Phase 1 and Phase 2 have a maximum trading period of 60 calendar days.
The risk desk team is responsible for evaluating whether a trader’s trading strategy aligns with the prop firm’s criteria. If the team determines that the trading strategy is ineligible, the trader is entitled to receive a refund on their evaluation account.
When considering third-party copy trading, it is important to be aware that utilizing such services may involve other traders who are already implementing the same trading strategy. By using a third-party copy trading service, there is a potential risk of exceeding the maximum capital allocation rule, which could result in the denial of a funded account or withdrawal.

Aggressive Pro Trader evaluation program accounts

Fidelcrest’s Aggressive Pro Trader evaluation program account is designed to recognize dedicated and skilled traders who are rewarded for their consistent performance in a two-phase evaluation period. This program enables you to trade with a leverage of 1:200.

In the initial evaluation phase, traders are expected to achieve a profit target of 20%, while adhering to specific limits, including a maximum daily loss of 10% and a maximum overall loss of 20%. Meeting this profit target within 60 calendar days from the first position taken in the evaluation account is mandatory. Importantly, there are no minimum trading day requirements to progress to the next evaluation phase.

During the second evaluation phase, traders once again need to reach a 20% profit target while maintaining the maximum daily loss and maximum loss restrictions. The timeframe for achieving this remains 60 calendar days, starting from the day the first position is opened in the evaluation account. Similar to the previous phase, there are no specific minimum trading day obligations to move on to a funded account.

Upon successfully completing both evaluation phases, traders are provided with a funded account without profit targets. The only requirements are to follow the maximum daily loss of 10% and maximum loss of 20% rules. The initial payout is scheduled ten calendar days after the first position is initiated in the funded account, subject to meeting specific criteria. During this period, traders are required to engage in a minimum of 10 trading days and show profitability to be eligible for their first withdrawal. The profit split ratio is set at 90%, based on the profits generated in the funded account.

Please be aware that the Aggressive Pro Trader evaluation program does not currently include a scaling plan.

Rule aggressive pro trader

The profit target represents a specific percentage of profit that must be achieved by a trader to successfully conclude an evaluation phase, withdraw profits, or expand their account size. During Phase 1 and Phase 2, the profit target is set at 20% for each phase. However, funded accounts do not have profit targets.
The maximum daily loss denotes the maximum permissible loss a trader can incur daily before breaching the account’s stipulations. For all account sizes, the maximum daily loss is capped at 10%.
Similarly, the maximum loss refers to the highest acceptable cumulative loss a trader can experience before violating the account’s terms. Across all account sizes, the maximum loss is restricted to 20%.
The maximum trading days signify the prescribed timeframe within which a trader must attain a specific profit target or withdrawal target. Both Phase 1 and Phase 2 encompass a maximum trading period of 60 calendar days.
The risk desk team consists of professionals responsible for evaluating a trader’s trading strategy to determine its compatibility with the proprietary firm’s requirements. If a trader’s strategy is deemed ineligible, a refund is issued for their evaluation account.
When employing third-party copy trading services, it is crucial to acknowledge the associated risks. By utilizing such services, there is a possibility of multiple traders already using the same trading strategy. Consequently, utilizing a third-party copy trading service entails the potential risk of being denied a funded account or withdrawal if it exceeds the maximum capital allocation rule.

Special add-on options upon purchase of an evaluation program

Introduce insurance coverage: In the event of failing the initial Challenge phase, clients are eligible to receive a second account at no additional cost. This insurance offer applies to all account sizes and types, and an extra fee of (+30% on the one-time fee) is applicable.
Enhance capital growth: Upon successfully generating profits with the funded account, clients can obtain a second account at no extra charge. This opportunity allows for the doubling of capital. Clients are required to pay an additional fee of (+50% on the one-time fee).
Increase leverage potential: Clients have the option to access leverage of up to 1:200 while trading on their trading accounts. This enables the control of larger position sizes than is typically possible. This leverage enhancement is available to all account sizes and types, and an extra fee of (+20% on the one-time fee) is applicable.
Enjoy unlimited evaluation retries: If clients are in profit at the end of their trading period, they have the privilege of making unlimited retries on their evaluation phases. This valuable benefit is provided at no cost and applies to all account sizes and types.

What makes Fidelcrest different

Fidelcrest stands out among the most prominent proprietary firms in the industry by implementing transparent trading regulations, enabling traders to participate in trading during news events, maintain overnight positions, and operate throughout weekends.

When compared to other proprietary firms, Fidelcrest’s Micro Trader evaluation program involves a two-phase evaluation process that traders must successfully navigate to qualify for payouts. In the first phase, normal risk accounts have a profit target of 10%, while aggressive risk accounts aim for a 15% profit. The second phase retains the profit targets of 5% for normal risk accounts and 15% for aggressive risk accounts. Normal risk accounts are subject to a maximum daily loss limit of 5% and a maximum loss limit of 10% in both evaluation phases and once they are funded. Conversely, aggressive risk accounts have a maximum daily loss limit of 10% and a maximum loss limit of 20% in both evaluation phases and once funded. Importantly, there are no minimum trading day requirements for both normal risk and aggressive risk accounts during the evaluation phases. It’s worth noting that the Micro Trader evaluation program does not include a scaling plan. In comparison to other top proprietary firms in the industry, Fidelcrest’s trading goals align with industry norms.

Likewise, Fidelcrest’s Pro Trader evaluation program also follows a two-phase evaluation process to make traders eligible for payouts. In both phases, both normal risk and aggressive risk accounts have a profit target of 10%. However, aggressive risk accounts have a higher profit target of 15% in each phase. The maximum daily loss limit for normal risk accounts is set at 5%, with a maximum loss limit of 10% in both evaluation phases and once funded. Aggressive risk accounts have a maximum daily loss limit of 10% and a maximum loss limit of 20% in both evaluation phases and once funded. Similar to the Micro Trader evaluation program, there are no minimum trading day requirements for normal risk and aggressive risk accounts during both evaluation phases in the Pro Trader program. The Pro Trader evaluation program accounts also do not include a scaling plan. When compared to other leading proprietary firms in the industry, Fidelcrest’s trading objectives align with industry standards.

In summary, Fidelcrest sets itself apart from other prominent proprietary firms by offering two distinct funding programs and clear-cut trading rules that allow trading during news events, holding overnight positions, and trading on weekends.

Is getting capital realistic

When assessing prop firms that match your forex trading style, it’s essential to evaluate the viability of their trading requirements. While a firm offering a generous profit split on a well-funded account may seem attractive initially, it’s crucial to consider the likelihood of success when dealing with high monthly percentage gains and low maximum drawdown expectations.

Opting for funding through the Micro Trader evaluation program accounts is generally a practical choice as they offer the flexibility to select between standard and aggressive risk account types. The standard risk accounts involve moderate profit targets (10% in phase one and 5% in phase two) along with typical maximum loss limits (5% maximum daily loss and 10% maximum loss in both evaluation phases). In contrast, the aggressive risk accounts come with higher profit targets (15% in both phases) and stricter maximum loss rules (10% maximum daily loss and 20% maximum loss in both evaluation phases).

Similarly, obtaining funding through the Pro Trader evaluation program accounts is also a reasonable option since they offer a choice between standard and aggressive risk account types. The standard risk accounts have moderate profit targets (10% in both phases) and standard maximum loss rules (5% maximum daily loss and 10% maximum loss in both evaluation phases). On the other hand, the aggressive risk accounts feature higher profit targets (20% in both phases) along with more rigorous maximum loss regulations (10% maximum daily loss and 20% maximum loss in both evaluation phases).

Considering all of these factors, Fidelcrest stands out as an excellent option for securing funding, primarily because of its evaluation program accounts, which provide realistic trading objectives and payout conditions for traders to adhere to.

Payment Verification:

Fidelcrest was established in 2018 and officially incorporated in 2020. You can verify payment proof on their YouTube channel and their News section, both accessible on their website. Another reliable source for payment proof is the Instagram account named Fidelcrestgroup, which you can access for further verification.

Which brokers does Fidelcrest use

Fidelcrest has its broker named Fidelcrest Markets.

As for trading platforms, they allow you to trade on MetaTrader 4.

Fidelcrest offers a large variety of trading instruments. You are allowed to trade forex pairs, commodities, indices, stocks, and cryptocurrencies.

Education and Support

Fidelcrest’s website lacks educational content, though they do have a thread on ForexFactory that was last updated on December 30th, 2019. They are also frequently mentioned in another ForexFactory thread called “PROP FIRM HUB” by a user named Masterrmind.

Fidelcrest offers a comprehensive FAQ page that encompasses all the pertinent information regarding the firm.

Should you require further assistance, their support team can be reached through their social media channels or directly via email at support@fidelcrest.com.

Additionally, their live chat support operates actively from Monday to Friday, assisting within a 24/5 timeframe.

Clients review

When it comes to trader feedback about Fidelcrest, the company has received highly positive reviews. On Trustpilot, they have achieved an impressive rating of 4.6 out of 5 based on 753 reviews.

A standout feature of Fidelcrest is their responsive and reliable customer support team. They are known for their quick and helpful assistance, addressing various inquiries related to the proprietary trading firm, trading rules, objectives, and other concerns with efficiency.

Furthermore, Fidelcrest offers a diverse range of funding program options, including Micro and Pro accounts. This flexibility caters to traders at different skill levels, from beginners to experienced professionals. Account sizes are available in the range of $15,000 to $1,000,000, offering a wide variety of choices for traders.

Social media stats

Fidelcrest can also be found on social media.

They have a:

Facebook page with 12k followers,
Instagram account with 6,699 followers,
Twitter account with 305 followers,
LinkedIn page with 685 followers, and
Youtube channel with 3,29k subscribers and 22 uploaded videos.

In addition, you can also join Fidelcrest’s Discord channel to communicate with other members of their community.

Conclusion

In summary, Fidelcrest is a well-regarded proprietary trading company that affords traders the choice of two funding programs: the Micro Trader and Pro Trader programs.

The Micro Trader evaluation programs encompass a standard two-phase assessment challenge, which must be successfully completed before traders become eligible for funding and profit sharing. Fidelcrest allows traders to select between standard and aggressive risk account types. Standard risk accounts come with profit targets of 10% in phase one and 5% in phase two, along with reasonable maximum loss restrictions (a maximum daily loss of 5% and a maximum overall loss of 10%). In contrast, aggressive risk accounts set profit targets at 15% for both phases and impose maximum loss limits of a 10% daily loss and an overall maximum loss of 20%. Traders participating in the Micro Trader evaluation programs have the opportunity to earn profit shares ranging from 80% to 90%, depending on their chosen risk level.

Similarly, the Pro Trader evaluation programs follow the standard two-phase industry evaluation process, with successful completion of both phases being a prerequisite for funding and profit sharing. Traders once again have the option to select between standard and aggressive risk account types. Standard risk accounts have profit targets of 10% for both phases and adhere to maximum loss rules of a 5% daily loss and a 10% overall maximum loss. Aggressive risk accounts, on the other hand, set profit targets at 20% for both phases and have maximum loss restrictions of a 10% daily loss and an overall maximum loss of 20%. Opting for the Pro Trader evaluation programs enables traders to earn profit shares ranging from 80% to 90%, depending on their chosen risk profile.

I wholeheartedly recommend Fidelcrest to individuals seeking a proprietary trading firm with transparent trading guidelines and a consistent trading approach. They are a long-established company that offers favorable terms to a diverse array of traders with various trading styles. Upon careful evaluation of all the offerings provided by Fidelcrest, it becomes evident that they stand among the top proprietary trading firms in the industry.

Review Fidelcrest

ReviewFidelcrest