If you’re a trader looking for a reliable evaluation course, you might have come across Fidelcrest. Fidelcrest Trading Challenge is designed to discover traders who can make sustainable long-term profits. Upon successful completion of the Trading Challenge and Verification, you will be recommended to a 3rd party proprietary firm to manage their trader account with a balance of up to 2 million USD. But is Fidelcrest worth your time and money? In this review, we’ll take a closer look at Fidelcrest and what it has to offer.

Fidelcrest is a trading evaluation course established in 2018 that aims to identify traders who can make consistent profits. The course is divided into two phases: Trading Challenge and Verification. The Trading Challenge lasts for 60 calendar days, during which you’ll be given a demo account with a balance of up to 100,000 USD. Your goal is to make a profit while following the rules and risk management guidelines provided by Fidelcrest.

If you pass the Trading Challenge, you’ll move on to the Verification phase, where you’ll be given a live account with a balance of up to 2 million USD. Suppose you can maintain consistent profits and manage risk effectively. In that case, you’ll be recommended to a 3rd party proprietary firm to handle their trader account.

While the concept of Fidelcrest sounds promising, you might be wondering if it’s worth your time and money. In this review, we’ll go over the pros and cons of Fidelcrest, the features it offers, and what traders have to say about their experience with the course.

Understanding Fidelcrest

Fidelcrest is a prop firm that provides professional-level traders with the opportunity to trade and manage proprietary trading company capital up to $1,000,000 per trader. The company is based in Nicosia, Cyprus. It is owned and operated by Fidelcrest Ltd, which is registered under the Cyprus Company Law.

Fidelcrest offers a Pro Trader program that has been designed for experienced traders who have excellent risk management skills and a stable trading strategy. The program provides traders with the opportunity to trade with the firm’s capital and earn a share of the profits they generate. The company’s website states that the program is the best available prop trading program for professional-level traders in 2023.

To participate in the Pro Trader program, traders must first review and sign the agreement and the Terms of Use (TOU) provided by Fidelcrest. The company’s website includes information on how to review and sign the contract and what happens once a trader has made their payment. It is important to note that Fidelcrest does not offer refunds once a trader has started trading.

Fidelcrest’s Pro Trader program allows traders to trade in a variety of markets, including forex, commodities, indices, and cryptocurrencies. The program provides traders with access to advanced trading tools and platforms to help them execute their trading strategies.

In summary, Fidelcrest is a prop firm based in Nicosia, Cyprus, that offers a Pro Trader program for professional-level traders. The program provides traders with the opportunity to trade with the firm’s capital and earn a share of the profits they generate. To participate in the program, traders must review and sign the agreement and the TOU provided by Fidelcrest. The company’s website provides information on how to do this and what to expect once a trader has made their payment.

Account Types

When it comes to Fidelcrest, there are three main types of accounts available for traders: Normal, Aggressive, and Funded accounts. Each account type has its own unique features and requirements, so it’s important to choose the one that best suits your trading style and goals.

Normal Account

The Normal account is designed for traders who are just starting out or who want to trade with smaller amounts of capital. With this account, you can trade up to 10 lots and have a maximum drawdown of 10%. The minimum deposit for a Normal account is $500, and you can choose from a variety of different challenge sizes.

Aggressive Account

The Aggressive account is designed for traders who are more experienced and want to take on more risk. With this account, you can trade up to 20 lots and have a maximum drawdown of 20%. The minimum deposit for an Aggressive account is $1,000, and you can choose from a variety of different challenge sizes.

Funded Account

The Funded account is designed for traders who have successfully completed the Trading Challenge and Verification process and want to trade with a larger amount of capital. With this account, you can trade up to 50 lots and have a maximum drawdown of 5%. The minimum deposit for a Funded account is $5,000, and you will be given a trading account with a balance of up to $2 million.

Overall, Fidelcrest offers a range of account types to suit different trading styles and goals. Whether you’re just starting out or you’re an experienced trader looking for more capital, Fidelcrest has an account that can meet your needs.

Trading Challenge

Fidelcrest offers a Trading Challenge for traders who wish to prove their skills and earn an opportunity to manage a third-party proprietary firm’s trader account with a balance of up to 2 million USD. The Trading Challenge is designed to evaluate traders who can make sustainable long-term profits.

The Trading Challenge has two stages: the Challenge Stage and the Verification Stage. The Challenge Stage has a maximum loss limit of 10% of the initial account balance. If you reach the maximum loss limit, your account will be closed, and you will not be able to continue the Trading Challenge. However, you can always start again and pay the fee again to participate.

The Evaluation Process is based on the performance of your trading account during the Challenge Stage. The Evaluation Process is designed to evaluate traders who can make sustainable long-term profits. The Verification Stage is the final stage of the Trading Challenge. It is designed to verify that the trader can trade profitably and consistently.

During the Trading Challenge, traders can trade over 175 products with spreads and commissions designed for proprietary trading. You can trade Forex, Indices, Metals, Commodities, Stocks, and more. The Trading Challenge accounts have a leverage rate of up to 1:100, which applies to all traders.

In conclusion, the Fidelcrest Trading Challenge is a great opportunity for traders who wish to prove their skills and earn an opportunity to manage a third-party proprietary firm’s trader account. The Trading Challenge is designed to evaluate traders who can make sustainable long-term profits. The Challenge Stage has a maximum loss limit of 10% of the initial account balance, and the Evaluation Process is based on the performance of your trading account during the Challenge Stage.

Trading Platforms

Fidelcrest offers its traders a powerful and user-friendly trading platform. The platform has been designed to offer a technical platform for Fidelcrest Traders only. The trading platform is equipped with a range of advanced features that make trading easy and efficient. It offers a wide range of instruments, including Forex, Indices, Metals, Commodities, Stocks, and more.

The trading platform offered by Fidelcrest is compatible with both MT4 and MT5, which are two of the most popular trading platforms in the industry. The platform is available for both desktop and mobile devices, allowing traders to access their accounts and trade from anywhere at any time.

Fidelcrest’s trading platform comes with a range of tools and features that help traders make informed trading decisions. The platform offers real-time quotes, advanced charting tools, and a range of technical indicators. Traders can also use the platform to set up automated trading strategies and backtest their trading strategies.

Overall, Fidelcrest’s trading platform is a powerful and reliable tool for traders looking to trade a wide range of instruments. The platform is easy to use and comes with a range of advanced features that make trading efficient and profitable.

Trading Instruments

At Fidelcrest, you have access to a wide range of trading instruments to choose from. The trading challenges automatically include Forex and Metals, but the availability of additional instruments may change from time to time, depending on third-party brokers.

The platform allows you to trade a variety of financial instruments, including cryptocurrencies, commodities, stocks, and indices. You can choose to trade one or multiple instruments based on your preference and trading strategy.

Fidelcrest offers a News Event Trading option, which allows you to trade during news announcements. This feature can be beneficial if you are experienced in trading news events and can help you maximize your profits.

There are no limits on the volume traded, and you can trade as much as you want. The biggest account size available is up to $1M without a scaling plan. The one-time fee-only model ensures that you won’t have to pay any recurrent charges or fees for using the platform.

In conclusion, Fidelcrest offers a wide range of trading instruments to choose from, including Forex, Metals, Cryptocurrencies, Commodities, Stocks, and Indices. The platform also allows news event trading and has no limits on the volume traded. With a one-time fee-only model, Fidelcrest is an excellent option for traders looking for a sustainable long-term profit.

Support Services

When it comes to trading, having access to reliable and efficient support services is crucial. Fidelcrest provides a range of support services to ensure that you have a smooth trading experience.

If you have any questions or concerns, Fidelcrest’s support team is available to assist you. You can contact them via email or live chat. The team is knowledgeable and responsive, and they will do their best to provide you with the information you need.

Fidelcrest’s live chat support is available 24/7, so you can get help whenever you need it. The live chat feature is easy to use and allows you to get in touch with a support representative quickly.

In addition to email and live chat support, Fidelcrest also provides a comprehensive FAQ section on their website. This section covers a wide range of topics, including account setup, trading platforms, and funding methods. The FAQ section is well-organized and easy to navigate, making it a valuable resource for traders.

Overall, Fidelcrest’s support services are reliable and efficient. Whether you need help with account setup, funding, or trading, the support team is available to assist you. With 24/7 live chat support and a comprehensive FAQ section, Fidelcrest makes it easy for traders to get the help they need.

Profit Targets and Splits

When participating in the Fidelcrest Trading Challenge, traders are given a minimum profit target of $2,000,000 to achieve within a specified time period. If the trader successfully reaches this target, they will be recommended to a third-party proprietary firm to manage their trader account with a balance of up to 2 million USD.

It is important to note that if a trader is unable to reach the profit target within the given time frame, they will not be eligible for the next stage of the evaluation process. Therefore, it is crucial to have a solid trading strategy that can consistently generate profits and meet the target.

In terms of profit splits, Fidelcrest offers up to 90% profit sharing for successful traders who are recommended to the proprietary firm. The exact profit split percentage may vary depending on the trader’s performance and other factors. However, it is important to keep in mind that the profit split is only applicable to profits generated after the profit target has been reached.

Fidelcrest offers traders various payment and profit-split payout methods, including PayPal, Skrill, and bank wire transfers. It is recommended that you carefully review the available options and choose the one that is most convenient and cost-effective for you.

Overall, Fidelcrest’s profit targets and splits are designed to reward successful traders who can consistently generate profits and meet the minimum target. It is important to have a solid trading strategy and to carefully consider the available payment and profit split payout methods when participating in the Trading Challenge.

Education and Training

Fidelcrest offers a comprehensive education and training program for traders of all levels. Whether you are a beginner or an experienced trader, Fidelcrest’s training programs can help you improve your trading skills and become a successful trader.

Fidelcrest’s education program includes a range of resources, such as webinars, video tutorials, and educational articles. These resources cover a wide range of topics, including technical analysis, fundamental analysis, risk management, and trading psychology. The webinars are presented by experienced traders who share their knowledge and experience with the participants.

Fidelcrest’s training programs are designed to help traders develop their trading skills and become successful in the markets. The training programs are tailored to the individual needs of each trader, and they include both theoretical and practical components. The theoretical component covers the fundamental concepts of trading, while the practical component involves trading in a simulated environment.

Fidelcrest’s training programs are designed to be flexible and convenient. Traders can access the training materials online and study at their own pace. The training programs are also designed to be interactive, with traders receiving feedback and guidance from experienced traders.

Overall, Fidelcrest’s education and training program is a valuable resource for traders who are looking to improve their skills and become successful in the markets. Whether you are a beginner or an experienced trader, Fidelcrest’s education and training program can help you achieve your trading goals.

Risk Management

When it comes to trading, risk management is a crucial aspect that every trader needs to consider. Fidelcrest understands the importance of risk management and provides its traders with the necessary tools and resources to help them manage their risks effectively.

Fidelcrest offers different account sizes and risk levels to meet your skills and profit targets. This allows you to choose an account that matches your risk tolerance level. The risk-free account is an excellent option for traders who want to test their trading skills without risking their capital.

Fidelcrest’s risk management team also monitors your trading activities to ensure that you are trading within your risk parameters. They will contact you if they notice any unusual trading behavior or if you exceed your risk limits.

To ensure that traders are managing their risks effectively, Fidelcrest has specific rules in place. For example, normal risk strategy account holders must close all open positions for weekends and trading holidays in phases 2 and 3. However, exceptions can be granted based on your individual trading methods after an interview with the risk management team.

In conclusion, Fidelcrest takes risk management seriously and provides traders with the necessary tools and resources to help them manage their risks effectively. By choosing the right account size and risk level, following the rules, and working with the risk management team, you can minimize your risks and increase your chances of success.

Reviews and Customer Experience

When it comes to Fidelcrest, the reviews and customer experience are generally positive. Many traders who have used their services have praised the company for its professional approach and high-quality trading programs.

On Trustpilot, Fidelcrest has a rating of 4.5 out of 5 stars, which is an excellent score. Many customers have praised the company for its transparency, responsiveness, and customer support. The company has also been praised for its trading programs, which are designed to help traders manage proprietary trading company capital of up to $1,000,000 per trader.

Overall, Fidelcrest has received overwhelmingly positive reviews from its customers. Many traders have praised the company for its professionalism, transparency, and high-quality trading programs. If you are looking for a reliable and trustworthy prop trading firm, Fidelcrest is definitely worth considering.

Pricing and Offers

When it comes to pricing, Fidelcrest offers a funded account program that requires a one-time payment of €999.00. This program provides traders with a fully funded account and a profit split of 80%. Traders are allowed a maximum of 60 calendar days to reach their profit target.

Fidelcrest also offers occasional promotions and offers, such as their recent Halloween Offer. However, it is important to note that these promotions are not always available and may be subject to change.

Unfortunately, Fidelcrest does not currently offer any promo codes or coupon codes for their funded account program. However, their pricing and profit split structure is competitive and offers traders a fair opportunity to earn profits while minimizing risk.

Overall, Fidelcrest’s funded account program offers a transparent and straightforward pricing structure with no hidden fees or charges. While there may not be any current promotions or coupon codes available, the program’s profit split and funding structure provide traders with a fair opportunity to succeed.

Withdrawal Process

When it comes to withdrawing your funds from Fidelcrest, the process is straightforward and easy to follow. You can request a withdrawal via the Client Section by following these simple steps:

Log in to your account on the Fidelcrest website.
Click on the “Withdrawal” button in the Client Section.
Enter the amount you wish to withdraw and select your preferred withdrawal method.
Submit your request.

Fidelcrest offers several withdrawal methods, including bank wire transfers, credit/debit cards, and e-wallets like Skrill and Neteller. The processing time for withdrawals can vary depending on the method you choose, but Fidelcrest strives to process all withdrawal requests within 24 hours.

It’s important to note that Fidelcrest may require additional documentation or verification before processing your withdrawal request. This is to ensure the security of your account and prevent any fraudulent activity. If you have any questions or concerns about the withdrawal process, you can contact Fidelcrest’s customer support team via email or live chat.

Overall, Fidelcrest’s withdrawal process is reliable and efficient, making it easy for traders to access their funds when they need them.

Fidelcrest Vs Competitors

When it comes to trading challenges and evaluation courses, Fidelcrest is not the only player in the market. Competitors such as FTMO and City Traders Imperium also offer similar services. Here’s how Fidelcrest compares to its competitors:

FTMO

FTMO is another popular trading challenge provider that offers a similar evaluation process to Fidelcrest. However, there are a few key differences between the two.

One major difference is the funding process. While Fidelcrest recommends traders to third-party proprietary firms for funding, FTMO directly funds successful traders themselves. Additionally, FTMO has a higher maximum funding amount of up to $300,000 compared to Fidelcrest’s $200,000.

Another difference is the pricing structure. FTMO charges a one-time fee for the evaluation process, while Fidelcrest charges a monthly subscription fee. However, Fidelcrest’s subscription fee includes access to their educational resources and support, which may be a valuable benefit for some traders.

City Traders Imperium

City Traders Imperium is another trading challenge provider that offers a similar evaluation process to Fidelcrest and FTMO. However, there are a few key differences to note.

One major difference is the evaluation process itself. While Fidelcrest and FTMO use a combination of trading metrics and risk management skills to evaluate traders, City Traders Imperium focuses primarily on risk management. This may be a benefit for traders who prioritize risk management over trading performance.

Another difference is the pricing structure. City Traders Imperium offers a one-time fee for their evaluation process, which includes access to their educational resources and support. However, their maximum funding amount is lower than that of both Fidelcrest and FTMO, at a maximum of £100,000.

Overall, each trading challenge provider has its own unique features and benefits. It’s important to consider your own trading goals and preferences when choosing which provider to use.

Additional Features

In addition to their Trading Challenge, Fidelcrest offers a number of additional features to their traders. These features include:

Blog: Fidelcrest has a regularly updated blog that covers a variety of topics related to trading. This blog includes articles on everything from market analysis to trading psychology and is a great resource for traders who are looking to expand their knowledge and improve their skills.
Special Trading Conditions: Fidelcrest offers a number of special trading conditions to their traders, including tight spreads and low commissions. These conditions can help traders maximize their profits and minimize their losses and are a great option for traders who are looking for a competitive edge in the market.
Leverage: Fidelcrest offers leverage of up to 1:100, which can be a powerful tool for traders who are looking to increase their exposure to the market. However, it is important to remember that leverage can also increase the risk of losses, and traders should always use leverage responsibly.

Overall, Fidelcrest offers a number of features that can be very useful to traders. Whether you are looking for educational resources, competitive trading conditions, or powerful leverage options, Fidelcrest has something to offer.

Pros and Cons

When it comes to Fidelcrest, there are both pros and cons to consider before making a decision.

Pros

Low Risk Trading: Fidelcrest offers a unique opportunity for traders to gain experience without risking their own capital. This can be particularly beneficial for new traders who want to test their skills before investing their own money.
Flexible Account Options: Fidelcrest offers a range of account options to suit different trading styles and risk tolerances. Traders can choose from a variety of account sizes and funding options to find the right fit for their needs.
Competitive Fees: Fidelcrest’s fees are competitive compared to other trading firms. Traders can expect to pay low commissions and spreads, which can help to maximize profits.
Easy to Use Platform: Fidelcrest’s trading platform is user-friendly and easy to navigate. Traders can access a range of tools and resources to help them make informed trading decisions.

Cons

Limited Asset Classes: Fidelcrest currently only offers trading in forex and commodities. This may not be suitable for traders who are interested in trading other asset classes, such as stocks or cryptocurrencies.
Strict Risk Management Rules: Fidelcrest has strict risk management rules in place to protect traders and the firm. While this is important for maintaining a stable trading environment, it can be frustrating for traders who want more control over their trading strategies.
Limited Withdrawal Options: Fidelcrest currently only offers bank wire transfers as a withdrawal option. This may not be convenient for all traders, particularly those who prefer to use e-wallets or other payment methods.

Overall, Fidelcrest offers a unique trading experience with low-risk and flexible account options. However, traders should be aware of the limited asset classes and strict risk management rules before making a decision.

Conclusion

In conclusion, Fidelcrest is a reputable prop trading firm that offers excellent trading programs for experienced traders. The Fidelcrest Pro Trader program is the best available prop trading program for professional-level traders in 2023. The trading program has been designed for experienced traders who have excellent risk management skills and stable strategies to trade and manage proprietary trading company capital up to $1,000,000 per trader.

Fidelcrest also offers an affiliate program that allows traders to earn up to 15% commission on every trader referred to the firm. The program is a great way to earn extra income while spreading the word about your favorite trading programs.

Fidelcrest’s website is easy to navigate and provides all the necessary information about the trading programs and the firm. The firm is transparent about its ownership and operation, with its registered office located at Arch. Makariou III & 1-7 Evagorou, MITSI 3, 1st floor, office 102 C.

Overall, Fidelcrest is an excellent choice for experienced traders looking for a reputable prop trading firm. With its excellent trading programs, transparent operation, and easy-to-navigate website, Fidelcrest is definitely worth considering for traders looking to take their trading to the next level.