Fidelcrest Review 2024 - Comprehensive Guide And Analysis

Last Updated: December 30, 2023

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Fidelcrest Trading was set up by Michael B. Peres back in 2018. It's a pretty well-known proprietary trading firm, and it's based out of Cyprus. Peres, both the CEO and Founder, started Fidelcrest to find and nurture trading talent from all over the globe.

What's interesting about Fidelcrest is their approach. They have this innovative platform where traders can show off their skills. They provide traders with significant capital to manage, which is a big deal because you get to trade with their money instead of risking your own. And the way you prove your mettle is through various trading challenges they set up.

The focus at Fidelcrest isn't just about making profits; they're big on skill enhancement and risk management. This seems like a smart move because it's not just about the short-term gains but also about developing long-term, sustainable trading strategies.

Because of this approach, Fidelcrest has become a hot spot for traders who want to up their game in the financial markets without dipping into their pockets. They're offering a stepping stone for traders to advance their careers with less financial risk.

Fidelcrest: A Comprehensive Overview

Fidelcrest is quite a global player, with over 6,000 traders from more than 170 countries. They've positioned themselves as a leader in the trader funding arena, and what's cool is their diverse set of challenges for skilled traders. Plus, they don't have minimum trading days and even allow weekend trading, which adds a nice touch of flexibility.

One of the key strengths of Fidelcrest is its low minimum funding option of $15,000. But get this - you can work your way up to managing a hefty $2,000,000 with a 90% profit share. That's a pretty significant leap! They also provide a demo account for those wanting to practice and a professional one for the more experienced traders.

What also stands out about Fidelcrest is its reputation for great customer service and an easy signup process. Fidelcrest is a top choice for traders looking to expand their portfolios, especially if you're into flexibility and innovation in your trading journey.

Pros and Cons

When considering Fidelcrest, it's essential to weigh its Pro's and Con's to access if it aligns with your trading approach and goals.

How It Works and Leverage Rate

At Fidelcrest, traders enjoy diverse trading opportunities designed for proprietary trading. You can trade over 175 products, including Forex, Indices, Metals, Commodities and Stocks, all with spreads and commissions tailored for proprietary trading purposes.

When you sign up, you can choose between normal and aggressive risk options. Fidelcrest offers a multi-step evaluation process to qualify for funded trading with real capital. Traders are encouraged to employ various trading strategies, except for robo-traders and third-party traders, which are not allowed.

Two types of challenges are available: "Normal accounts" and "Aggressive accounts." Each has different profit targets, with normal accounts aiming for 10% and aggressive accounts targeting 20%. These challenges consist of the Trading Challenge and the Verification stage, where you need to maintain consistent strategies as conditions change.

The Trading Challenge spans 30 calendar days in the first phase, with the second phase doubling the conditions. Importantly, there are no minimum trading day requirements, and trading is allowed on weekends.

During the "Challenge" phase, you have 30 days for review, while the "Verification" phase extends to 60 days. The profit objective remains the same in the Verification stages, but the maximum loss and loss limit are doubled to reduce trader stress.

Fidelcrest operates in 30-day trading periods, starting when you open your first position and concluding when all positions are closed. This is when the final profit or loss is calculated. Traders can employ various strategies during these periods, such as news trading, swing trading, and utilizing stop/loss orders.

All Fidelcrest accounts come with a 1:100 leverage, allowing you to amplify your positions. You also have the option to use Expert Advisors (EAs) if permitted by the platform. However, it's essential to adhere to the firm's strict rules outlined in the Trader Agreement, including maximum daily loss limits and minimum trading day requirements. Violating these rules may result in account cancellation, so review the terms and conditions carefully.

Leverage Details

At Fidelcrest, leverage is a crucial aspect of their trading framework, allowing traders to control larger positions with less invested capital. This leverage amplifies both the potential profits and losses, making it a powerful tool in the hands of experienced traders. The specific leverage ratios offered by Fidelcrest are designed to balance opportunity with risk, allowing traders to maximize their strategies while maintaining responsible market exposure. This carefully calibrated leverage can allow traders to execute a range of trading styles, from conservative to aggressive, within the risk parameters set by the firm.

TURBO and SUPERIOR challenges ($6K to $300K):

• Forex: 1:100 leverage
• Commodities: 1:20 leverage
• Indices: 1:20 leverage
• Crypto: 1:2 leverage

STANDARD challenge:

• Forex: 1:30 leverage
• Commodities: 1:10 leverage
• Indices: 1:10 leverage
• Crypto: 1:2 leverage

Reputation and Social Media 

Types of Trading Programs

Micro Trader Program - Packages and Prices and other details

Designed for new or inexperienced traders, this program usually involves a smaller account size and offers a structured environment to learn and grow with less financial risk.

Micro Trader Account Types

1)     Micro Normal Trader (Normal Risk):

2)     Micro Trader Aggressive (Aggressive Risk):

Pro Trader Program - Packages and Prices and other details

Aimed at more experienced traders, this program typically offers larger account sizes and higher profit splits. It often requires traders to demonstrate their trading skills and risk management abilities.

ProTrader Account Types

1)     Pro Normal Trader (Normal Risk):

2)     Pro Normal Aggressive (Aggressive Risk):

How to get Funded

Trading Challenge: Select the account size and risk level that best aligns with your skills and profit goals. Trade various instruments and demonstrate your trading expertise to achieve your profit targets. You have the freedom to choose your trading style.

Verification: Keep trading using the Verification account to show consistent success during the challenge phase.

Fidelcrest Trader: You are a Prop Trader now! As you join the proprietary trading firm, you can commence trading using their capital without meeting predefined profit targets, as long as you stay within the maximum loss limits. You can earn up to 90% commissions on all profits earned at the end of each trading period.

Min Simulated Trading days: 10 Days

Max Loss: 10% | 20%

Maximum Daily Loss: 5% | 10%

Profit Target: None

Profit Share: 80% | 90%

Scaling Plan

With their Scaling Plan, you can double your account's starting balance within 12 months from the moment you complete your first Professional Account trading period. Here's how it works:

Every three months, they will boost your account by an extra 25% of your initial capital, but there are some key requirements you'll need to meet:

1. You must demonstrate a minimum gain of at least 15% over three consecutive months. This averages a 5% monthly gain; all three months must show positive results.
2. Your account balance needs to stay above the initial balance of your Professional Account when they decide to scale up. If your balance falls below the initial amount, the 25% increase will occur once your account balance is back in the positive by the end of the trading period.

They will continue adding 25% to your initial balance every three months, provided you meet these conditions, until your account balance reaches a 100% increase.

For a clearer picture of how your account balance could grow with a Professional Account, refer to the table below:

1) From $10K to $15K:

2)   From $25K to $50K:

3 )   From $50K to $60K:

4)   From $60K to $250K:

5)   From $250K to $500K:

6)   From $500K to $1,000,000:

Fees, Security and Customer Support

Affordable and Flexible Trading Challenges

Fidelcrest stands out in the proprietary trading firm landscape with its competitively priced challenges. Whether starting small with the €99 "Micro Trader" challenge or aiming big with the €3,499 "Pro Trader Aggressive" challenge, Fidelcrest caters to a range of ambitions and budgets. Once qualified, enjoy the benefit of no membership fees and the freedom to retry challenges without extra cost.

Simple and Fair Profit Withdrawals

Withdrawing your earnings from Fidelcrest is hassle-free. Profits are deposited into your Wallet every 30 days, allowing you to request a withdrawal anytime without a minimum limit. Although a €50 fee applies for non-SEPA bank transfers, opting for Bitcoin can bypass this fee. Plus, with no monthly account fees, up to 80% of the profits are yours to keep. And if losses occur on a professional account, rest easy knowing there's no penalty – refine your strategy for the next period.

Security and Transparency

Your security is paramount at Fidelcrest. While not a broker, Fidelcrest ensures all partnered platforms are FCA-regulated and reputable. We always recommend vigilance with personal and payment information and advise thoroughly reading the Trader Agreements and Terms and Conditions. Furthermore, Fidelcrest's commitment to transparency means clear, straightforward communication about all trading conditions and policies.

Exceptional Customer Support

Fidelcrest takes pride in its top-notch customer support. Reach out via various channels for prompt assistance:

• Live Chat: Quick help with an average response time of just one minute, accessible directly on the Fidelcrest website.
• Email: For non-urgent inquiries, email the support team (support@fidelcrest.com) and expect a reply within 24 hours.
• Social Media: Engage through Facebook Messenger or Instagram DMs for a more casual interaction.

Moreover, Fidelcrest's community aspect is strengthened through its Telegram group, where you can connect with fellow traders and exchange strategies.

Refund and Canceclation Policy

14-Day Withdrawal Right: As a consumer at Fidelcrest, you have the right to cancel your contract within 14 days of signup without any questions. However, it's important to note that if you engage in any demo trades during this 14-day period, you will forfeit your right to cancel the contract.

How to Withdraw: To withdraw from your Fidelcrest contract within the 14-day period, email your request to support@fidelcrest.com. Upon confirmation, any fees you've paid will be refunded within 14 days.

Provider's Right to Cancel: Fidelcrest can cancel the contract if you breach any terms outlined in the agreement.

Dealing with Service Issues: If Fidelcrest's service doesn't meet the promised standards, report the issue via email immediately. You can request a resolution, a discount, or contract cancellation if the problem remains unsolved. The firm should address complaints within 60 days, after which you retain the right to cancel the contract if unresolved.

No Refunds in Certain Situations: You won't get a refund if you cancel your account, don't complete challenges, violate terms, or dispute fees unreasonably.

Changing Challenge Options: Your initial selection of a Fidelcrest Trading Challenge is final and will apply to all future verifications. However, this rule does not apply to new challenges you may undertake later.

Fee and Service Changes: Fidelcrest may change fees and service parameters, but changes won't affect already purchased services.

Requesting Account Cancellation: To cancel your Fidelcrest account, send an email to support@fidelcrest.com. Doing so will terminate your contract and forfeit your rights to receive refunds.

Activating the Trading Challenge: Initiating the Fidelcrest challenge begins with your first demo trade. This action might waive your right to withdraw from the contract. Your access will be suspended if you activate the challenge within 60 days. You must reactivate it within 6 months, or you'll lose access and won't be eligible for a refund.

Out-Of-Court Dispute Settlement: For complaints or suggestions, direct them to Fidelcrest via email. EU consumers can use the Cyprus Consumer Center or the EU's online dispute resolution platform to resolve issues out of court.

Remember, always read the full terms for detailed information.

How to Set up

Step-by-Step Guide to Kickstarting Your Journey with Fidelcrest

Choosing the Right Account for You: Choose from a range of 13 varied account options, each tailored to suit your individual preferences and financial goals. Make your decision based on your risk tolerance, opting for either a Normal or Aggressive approach. Additionally, select the account that aligns with your investment level and trading experience, with Micro Trading Program designed for beginners and Pro Trading Program tailored for those with more expertise in the field.

Broker and Platform Selection: You have a choice of seven different brokers, such as TradeView and IC Markets, among others. Additionally, you can access trading platforms like MetaTrader 4, MetaTrader 5, and cTrader. It's worth noting that you have the flexibility to switch your broker or platform at the end of each month, allowing you to adapt your trading strategy to your evolving needs and preferences.

Fidelcrest Trading Challenge (First Phase): Strive to reach the minimum profit goal in a 30-day demo account period, with the possibility of a second attempt explained in the incentives and referral sections if needed.

Funded Verification Process (Second Phase): Your primary goals are to meet the established profit target while adhering to loss limits. Once these requirements are met, you can transition to live trading, where there is the potential to earn up to a 50% profit.

Progressing to a Professional Trader (Final Phase): Completing the initial stages leads to a professional trading role, where you'll operate with a funded account, no set profit targets, and the potential to retain up to 80% of profits, while still managing loss thresholds.

Enhancement Opportunities: Interact with our support team to discuss the capital increase plan. There's an opportunity to increase your capital by 25% after consistently maintaining a 15% profit over three consecutive months. At the Verification and Professional stages, you'll have the ability to manage and balance multiple accounts. As your confidence grows, you can start new Challenges to access larger account sizes, following the applicable fee structure.

With these steps, Fidelcrest makes your trading journey straightforward and growth-oriented. Happy trading!

Fidelcrest Review: Summary

Fidelcrest caught my eye as a platform where traders can flex their skills, handle some serious capital provided by the firm, and rake in profits through various trading challenges. It's like a playground for traders who want to grow their skills and manage risk without dipping into their own wallets.

This firm is pretty popular, and it's easy to see why. They've got over 6,000 traders from more than 170 countries in their programs. They offer a range of challenges that cater to different skill levels and trading styles. They've got you covered whether you're into normal risk or feeling more aggressive. Plus, they have this multi-step evaluation process for funded trading, a great way to ensure you're ready for the big leagues.

You can trade over 175 products with them, which gives you plenty of room to find your niche. They've tailored spreads and commissions, too. While they're cool with various trading strategies, robo-trading and third-party trading are no-gos. 

They offer a 30-day Trading Challenge and a 60-day Verification phase, and the best part? No minimum trading day requirements. All accounts come with a 1:100 leverage, and if you're into using Expert Advisors, they're compatible on certain platforms.

What's interesting about Fidelcrest is how they cater to all experience levels. The Micro Trader Program is perfect for newbies or those still getting their feet wet, with smaller account sizes and a generous 80% to 90% profit split, depending on your risk level. The Pro Trader Program offers larger accounts and similar profit splits for seasoned traders. Each program has different account types, capital amounts, max days, profit targets, and loss limits.

The Fidelcrest Scaling Plan is something else. It gives you a shot at doubling your account's starting balance in 12 months, provided you hit specific goals, like a 15% gain over three consecutive months. This plan shows how Fidelcrest isn't just about making quick bucks; they're invested in helping traders grow their portfolios over time.