Fidelcrest has apparently gone out of business since I wrote this blog post. I’m keeping the post for future reference but here are some cool Fidelcrest alternatives:
But don’t worry, you can check here all the Fidelcrest alternatives.
If you want to know what Fidelcrest was, keep reading the article.
Fidelcrest is a prop trading firm located in Cyprus.
In this article, you’ll get a review of this prop firm, including analysis and instructions to get funded with an account from Fidelcrest.
Here’s what you’re going to learn:
Fidelcrest is a prop firm located in Nicosia, Cyprus. It was founded in 2018 so it already has some experience with funding traders.
Fidelcrest is a prop firm that funds traders to trade Forex and other CFDs trading assets.
Here’s a list of all of the instruments:
Fidelcrest funds traders with account balances that go from $10,000 up to $2,000,000.
To get access to a funded account you need to pass an Evaluation with two phases. The price of the Evaluation is different according to the account size that you are applying to.
The prices of the smaller funded account start at $99 and go up to $2,899 for the bigger account.
The leverage provided by the prop firm is 1:100. It’s worth mentioning that this is the maximum leverage, applied to Forex. This applies to all traders, including those from the US, Canada, and the EU.
According to the support inquiry that I made, the 1:100 leverage is offered to all products, including stocks and crypto!
All Challenges from Fidelcrest come with an 80% to 90% profit split.
The 80% payouts apply to the Normal Strategy accounts. The 90% payouts apply to the Aggressive Strategy accounts.
According to Trustpilot, Fidelcrest is classified as excellent. It’s scoring 4.6/5.0 after almost 700 reviews from users.
The challenge, or evaluation, has two phases to pass. Each phase has a set of rules and objectives.
Let’s look at them in detail.
During this phase, you need to achieve a profit target within 30 calendar days. Here are all the details:
| Account Type | Max Loss | Daily Loss | Profit Target |
|---|---|---|---|
| Micro Normal | 10% | 5% | 5% |
| Micro Aggressive | 20% | 10% | 15% |
| Pro Normal | 10% | 5% | 10% |
| Pro Aggressive | 20% | 10% | 20% |
After you complete the Challenge phase, you’re ready to start the Verification phase.
This phase has an extended period. You now have 60 calendar days to achieve the profit target while not breaking any rules. All the rules are the same as in Phase 1.
Important to note that you can get a signup commission of up to $30,000 from this phase.
If you like to use EAs to trade, Fidelcrest may or may not be a good option for you. They state that they prefer traders who do their own analysis and don’t rely on robots.
An exception can be made though. You can contact them and an exception for using your EAs may be granted.
Unfortunately, Fidelcrest doesn’t offer free trials at the moment, but you can get a free repeat which is also good.
Fidelcrest provides free repeats for traders who want to take the challenges again.
The only requirement is that you are profitable at the end of the trading period (although you didn’t achieve the profit target), and of course, that you didn’t violate any rule.
Use the promo code link below to get unlimited free repeats. Don’t forget to delete your cookies if you already visited the Fidelcrest website.
Fidelcrest gives you access to the most popular trading platform used by Forex brokers.
You can use:
There are no restrictions about holding trades overnight or during the weekend.
You can have your positions open for as long as you want according to your own trading style. Just be careful with daily and weekend gaps.
There are no restrictions on news trading. You just need to be careful with the volatility, but if you’re like me, those are the best times of the day to trade. Just don’t exceed your maximum safe lot size and manage your trades properly.
Yes, Fidelcrest is a legit company.
Here are the contacts to reach them:
You can also contact them through the live chat on their website.
Here’s the list of the best Fidelcrest alternatives:
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