Fidelcrest review

Everything we know about Fidelcrest.

Updated on: 2022-03-01

If you want to trade but don’t have enough of your own capital, you might want to consider working with Prop Firms. These firms provide capital for you to trade. Usually, there’s an evaluation process that you need to pass before you get real money to trade. This way you can show your skills and prop firm knows that you’re worth the investment. If you can reach target profits, they make money and you make money.

When working with proprietary firms you need to follow their rules when it comes to managing capital, risk management, and other requirements. This protects you and the company from unwanted losses. Rules and requirements vary from firm to firm so you need to do research and choose the conditions that work the best for you.

The reason many traders choose prop firms is that bigger capital gives more chances for profit and faster growth opportunities. For those with less discipline, this is a great solution to keep you in line and more focused on your trading.

Watch this short video to get a good idea about FIDELCREST: the company, the online presence, the rules and evaluation programs.

(the video is a bit outdated, Fidelcrest change the evaluation programs quite often, it’s hard to keep up)

Is Fidelcrest legit?

Fidelcrest was founded in 2018 with a mission to help traders to generate steady profits in a long run. All trades are copied from funded accounts to our live coverage accounts from where you get your monthly payment. Coverage accounts have strict money management rules which are monitored by their proprietary trading software. They find, train, and evaluate experienced traders to manage and trade with their capital. Fidelcrest was awarded as the Best Micro Forex provider in Europe in 2021. They want to become a famous international brand. They work on it by taking traders from all around the world for their Trading program.

We truly appreciate the fact that Fidelcrest is very honest about their business model, they publish the company address, and are very active on social platforms.

Fidelcrest is not taking any client’s deposits and their business model is not a broker-dealer.

You simply trade for them, with their capital and get a profit split.

Fidelcrest invests their own investors’ resources into skilled traders and their trading so it’s a win-win. Their funds are held by a FCA-regulated broker. Fidelcrest Ltd only evaluates traders and introduces traders to their 3rd party proprietary trading company and manages risk on its own live coverage accounts.

There are two funding programs in Fidelcrest. Micro Trader and Pro Trader are two basic programs and both contain different account sizes. Also, there are normal and aggressive options for both. Let’s see what options you have for trading with this prop firm.

Micro Trader

There are three steps to this program that evaluate your skills and knowledge.

The first step is the trading challenge that requires you to choose account size and reach profit target. You can use any trading style as long as you meet the requirements. For normal trading in this step, you have 30 days to complete the challenge with 10 minimum days of trading. Profit targets are 5%, maximum loss 10% with 5% maximum daily loss.

The aggressive version also requires 30 days to complete the challenge, but the minimum days to trade are 1 to 5. Profit targets are 15%, maximum loss 20% with 10% maximum daily loss.

Step two is to make sure that you really know what are you doing in case you were lucky in the first step. You continue to trade with your verification account and keep a 40-50% profit split.

For normal trading in this step, you have 60 days to complete the challenge with 10 minimum days of trading. Profit targets are 5%, maximum loss 5% with 5% maximum daily loss. Your profit share will be 40%.

The aggressive version also requires 60 days to complete the challenge, but the minimum days to trade are 1 to 5. Profit targets are 15%, maximum loss 10% with 10% maximum daily loss. Your profit share will be 50%.

The third step is when you start trading the live account with Fidelcrest capital without any profit targets. It’s only important that you don’t reach maximum loss limits in a trading period. Your profit split in this step is 80-90%.

For normal trading in this step, you have 30 days to complete the challenge with 10 minimum days of trading. Maximum loss is 10% with 5% maximum daily loss. Your profit share will be 80%.

The aggressive version also requires 30 days to complete the challenge, but the minimum number of days to trade is 5. Maximum loss is 20% with a 10% maximum daily loss. Your profit share will be 90%.

Micro trader accounts come in three sizes. For one time payment of €99, you get $10,000 initial capital. For one time payment of €249, you get $25,000 initial capital. For one time payment of €449, you get $50,000 initial capital.

Bonus options

Fidelcrest is offering bonus options for your Micro Trader account. The first bonus option is to get a second account for free after you make a profit in phase 3. This option is not available for 1 million accounts. The second option is that you can retry for free in case you fail challenge phase step one. This applies to all account sizes and types. The third option refers to Micro Trader Aggressive accounts and it means that there are no minimum trading days.

Pro Trader

Like in Micro Trader, there are three steps to this program that evaluate your skills and knowledge.

The first step is the trading challenge that requires you to choose account size and reach profit target. You can use any trading style as long as you meet the requirements.

For normal trading in this step, you have 30 days to complete the challenge with 10 minimum days of trading. Profit targets are 10%, maximum loss 10% with 5% maximum daily loss.

The aggressive version also requires 30 days to complete the challenge, and the minimum number of days to trade is 10. Profit targets are 20%, maximum loss 20% with 10% maximum daily loss.

Step two is to make sure that you really know what are you doing in case you were lucky in the first step. You continue to trade with your verification account and keep a 40-50% profit split.

For normal trading in this step, you have 60 days to complete the challenge with 10 minimum days of trading. Profit targets are 10%, maximum loss 5% with 5% maximum daily loss. Your profit share will be 40%.

The aggressive version also requires 60 days to complete the challenge, but the minimum number of days to trade is 5. Profit targets are 20%, maximum loss 10% with 10% maximum daily loss. Your profit share will be 50%.

The third step is when you start trading with Fidelcrest capital without any profit targets. It’s only important that you don’t reach maximum loss limits in a trading period. Your profit split in this step is 80-90%.

For normal trading in this step, you have 30 days to complete the challenge with 10 minimum days of trading. Maximum loss is 5% with 5% maximum daily loss. Your profit share will be 80%.

The aggressive version also requires 30 days to complete the challenge, but the minimum number of days to trade is 5. Maximum loss is 10% with a 10% maximum daily loss. Your profit share will be 90%.

Pro trader accounts come in three sizes. For one time payment of €649, you get $150,000 initial capital. For one time payment of €999, you get $250,000 initial capital. For one time payment of €1,599, you get $500,000 initial capital. For one time payment of €2,699, you get $1,000,000 initial capital. The last funding of 1,000,000 doesn’t have the aggressive version.

Reviews by the traders.

Here are some of the TrustPilot reviews to see what actual traders say about this company.

“Hello my name is Johan and I am a funded trader in this company. I am in love with their services, the spread is great, the servers work very well, the customer service is extremely responsive, I recommend it to all traders.”

“Fidelcrest is the very helpful prop firm available because their requirements are achievable and the customer support is fantastic. I think it’s the best choice for beginners and experienced traders.”

“I am trading with this prop firm for a long time I feel that FidelCrest has been great!! The customer support is the best, helpful and nice!! I am happy to keep working with FidelCrest!!!!”

“I am very satisfied with the services this prop firm provides, I am trading in phase 2 of the 10.000$ challenge account which I got really fast after I completed the KYC. Spread is ok and you don’t have commissions on the trades in phases so this really helps me to achieve 5%.

Support is also very nice, responds fast, and always wants to help out. I will for sure take a higher account challenge after I finish the this phase”

“The best Propfirm platform. after trying a few other Propfirm companies I came to the conclusion that Fidelcrest is the best. They offer easy challenges to get an account, very fast support, and professionalism.”

“Very good prop firm, transparent, trustworthy, accessible. I am happy they exist and provide us with wonderful opportunities for success.”

“I love this prop firm, I got a 20.000$ challenge account and I am very satisfied with the conditions and support. as I am a day trader I make a lot of trades so their spread and commissions are really good for my strategy.”

Frequently asked questions

How long have you been in business?

• Fidelcrest is in business since 2018.

Do you allow overnight positions?

• Fidelcrest allows you to keep trades overnight.

Who covers trade losses?

• All losses are covered by Fidelcrest and there’s Maximum loss limits system to prevent this from happening.

Is trading allowed during the news releases?

• Yes, you may trade over important economic releases. You just need to pay attention to extremely volatile market conditions in these times.

How long does it take to double the initial balance?

• It usually takes up to 12 months to double the initial balance with the Fidelcrest scaling plan which is really fast.

Can you copy-trade or have someone else trade for you?

• Both copy-trade and third parties in trading are forbidden.

Do you have to Stop/Loss orders?

• You don’t have to but Fidelcrest recommends that you do.

Is swing trading allowed?

• Swing trading, meaning holding trades open over the week-end, is allowed with Aggressive accounts since all of those are swing accounts.

Are EA and robots allowed?

• If you contact Fidelcrest’s Customer Support Team they might allow you to use these. But they mainly want to work with real traders.

Conclusion

Fidelcrest prop firm looks promising for those who want to get higher capital amounts as well as for those who want to try with smaller capitals. Conditions are very reasonable and evaluation seems not too hard to pass. The verification process is not long and you are earning real money in this phase already. It’s all up to your skills since they provide you with all the needed tools and requirements.

There’s a lot of freedom when you work with this firm. It’s a rare firm to allow the use of EA and robots, to not have profit targets in the last step of trading, and to support trading over the news releases. Their Maximum losses are very doable and profit targets achievable. If you show exceptional gains and good risk management with your Professional Account, they will allow trading with more than $1,000,000. So there’s a lot of opportunity for growth.

Make sure that you choose an account size that works with your set of skills and ambitions. You can always upgrade if needed so you can start small if you’re not confident enough to start with bigger accounts.

Check their website to apply and you can always contact their helpful Customer Support team if the Q&A section doesn’t answer all of your questions. Good luck!

Your opinion.

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