“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 is a prominent proprietary trading firm that offers traders the opportunity to access substantial capital and transform their lives. As a global enterprise headquartered in Nicosia, Cyprus, its overarching objective is to assist retail traders worldwide in achieving consistent and sustainable profits over extended durations.
Fidelcrest actively encourages traders from diverse backgrounds to participate in their verification challenge. Upon successfully meeting the challenge’s requirements, these traders gain the privilege to manage a substantial capital allocation of up to $1,000,000 from any location across the globe.
Pros of FounderNext
Excellent Trustpilot rating of 4.6/5
Unlimited evaluation free retirees
Multiple add-on options
Own trading tech – Fildecrest Markets – 0 commission and raw spreads
Multilingual customer support
Overnight holding and news trading allowed
Lavarge up to 1:200
Up to 2,000,000 capital
Cons of FounderNext
Fidelcrest prioritizes the professional growth and success of its traders by facilitating the opportunity to generate increased profits through trading balances of up to $2,000,000. To attain funding, traders are required to successfully complete a two-step trading challenge. Upon accomplishing this feat, traders are granted the benefit of profit splits ranging from 80% to 90% on their earnings.
Who are Fildecrest?
Fidelcrest is a proprietary trading firm that was established in 2018 by a team of experienced forex traders and industry professionals. The company’s headquarters are situated in Nicosia, Cyprus, while its IT department operates from Tallinn, Estonia. Fidelcrest provides clients with an opportunity to access substantial capital of up to $2,000,000 and utilizes Fidelcrest Markets as its preferred brokerage platform.
The company’s main office address is Arch. Makariou III & 1-7 Evagorou, MITSI 3, 1st floor, office 102 C, 1065 – Nicosia, Cyprus.
The founding program options:
Fidelcrest offers traders two different programs to choose from:
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- 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 accounts
Micro Trader evaluation program accounts
Normal Micro Trader evaluation program accounts
Phase one of the evaluation process mandates that a trader achieves a profit target of 10%, all the while ensuring that they do not exceed the maximum daily loss of 5% or the maximum loss of 10%. This profit target must be reached within 60 calendar days from the day the trader initiates their first position on their evaluation account. Furthermore, there are no specific requirements regarding the minimum number of trading days to proceed to phase two of the evaluation.
Phase two of the evaluation process necessitates a trader to attain a profit target of 5% while adhering to the same maximum daily loss and maximum loss rules as before. Similar to phase one, this profit target must be reached within 60 calendar days from the day the trader places their initial position on the evaluation account. Similarly, no minimum trading day requirements need to be fulfilled to progress to a funded account.
Upon successful completion of both evaluation phases, the trader is granted a funded account without any profit targets. The only requirement is to abide by the maximum daily loss of 5% and the maximum loss of 10% rules. The trader becomes eligible for their first payout ten calendar days from the day they establish their initial position on the funded account, provided certain criteria are met. During this time, the trader must engage in a minimum of 10 calendar days of trading while maintaining profitability to request their first withdrawal. The profit split will be 80% based on the profits generated on the funded account.
It is worth noting that the current evaluation program for Normal Micro Traders does not offer a scaling plan.
Rules for normal micro trader:
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- 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
- 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%.
Aggressive Micro Trader evaluation program accounts
Phase one of the evaluation process necessitates traders to achieve a profit target of 15% while adhering to the maximum daily loss limit of 10% and the maximum loss limit of 20%. The trader is given a timeframe of 60 calendar days, starting from the day they initiate their first trade on the evaluation account, to attain the profit target. There are no minimum trading day requirements to progress to phase two of the evaluation.
Phase two of the evaluation entails traders aiming to reach a profit target of 15% while staying within the maximum daily loss limit of 10% and the maximum loss limit of 20%. Similar to phase one, traders have a period of 60 calendar days from the day they place their first trade on the evaluation account to achieve the profit target. 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 any specific profit targets. The only conditions are to adhere to the maximum daily loss limit of 10% and the maximum loss limit of 20%. The initial payout occurs ten calendar days after the trader initiates their first trade on the funded account, given 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 on the funded account.
As of now, the Aggressive Micro Trader evaluation program does not offer any available scaling plan 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 accounts
Normal Pro Trader evaluation program accounts
Evaluation phase one necessitates traders to achieve a profit target of 10% without exceeding the maximum daily loss of 5% or the maximum loss limit of 10%. The timeframe for hitting the profit target is 60 calendar days starting from the day the first position is placed on the evaluation account. No specific minimum trading day requirement is imposed to advance to evaluation phase two.
Evaluation phase two mandates traders to attain a profit target of 10% while adhering to the 5% maximum daily loss and 10% maximum loss rules. Similar to phase one, the profit target must be achieved within 60 calendar days from the initial placement of a position on the evaluation account. There are no specific minimum trading day requirements to progress to a funded account.
Upon successful completion of both evaluation phases, traders are granted a funded account with no profit targets to meet. However, they must still observe the maximum daily loss of 5% and maximum loss limit of 10%. The first payout from the funded account is scheduled ten calendar days after placing the first position, provided certain criteria are met. During this timeframe, 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.
Currently, the normal Pro Trader evaluation program accounts do not offer 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 aims to identify serious and talented traders who are rewarded for their consistency in the two-phase evaluation period. The evaluation program account allows you to trade with 1:200 leverage.
The evaluation phase of the Consistency Express model necessitates traders to achieve a profit target of 25%, while strictly adhering to the maximum daily loss and maximum loss thresholds of 5% and 10% respectively. There are no specific requirements regarding the duration of the evaluation phase; traders can take as much time as needed. However, it is mandatory to engage in trading for a minimum of 10 trading days per month during this period. Furthermore, traders must observe the consistency rule, which aims to cultivate consistent trading practices and ensure that profits are generated steadily until the profit target is reached.
Upon successful completion of the Consistency Express model evaluation phase, traders are rewarded with a funded account. In this funded account, there are no profit targets to be met. However, traders must still comply with the 5% maximum daily loss and 10% maximum loss rules. It is important to note that the consistency rule remains in effect even after transitioning to a funded account. Additionally, traders are obliged to trade for a minimum of 10 trading days during each monthly trading cycle. Initially, the profit split stands at 60% based on the profits generated. Moreover, traders receive a 15% profit share from the profits achieved during the evaluation phase as their first payout. Subsequently, the profit split increases to 75% after the first withdrawal and reaches a final profit split of 90% after the second withdrawal.
The Consistency Express model also entails a scaling plan. Traders are required to attain a profit target of 10% or more within a four-month period, during which two of the four months must yield profits, and the final month must conclude with a profit. Upon meeting these criteria, traders are eligible for an account increase equal to 40% of the original account balance, with the possibility of further increasing the account balance up to $4,000,000.
Example:
After 4 months: If you have a $100,000 account, your account balance will increase to $140,000.
After next 4 months: Balance of $140,000 increases to $180,000.
After next 4 months: Balance of $180,000 increases to $220,000.
And so on…
Trading instruments for the Consistency Express model accounts are forex pairs, commodities, and indices.
Consistency in Express Model Account rules
The profit target represents a specific percentage of profit that traders must achieve in order to successfully complete an evaluation phase, withdraw profits, or expand their account. During the evaluation period, the profit target is set at 25%. However, funded accounts do not have profit targets.
The maximum daily loss denotes the highest allowable loss that traders can incur within a single day before their account is considered in violation. Across all account sizes, there is a uniform maximum daily loss limit of 5%.
The maximum loss indicates the highest permissible overall loss that traders can experience before their account is deemed in violation. Similar to the maximum daily loss, all account sizes adhere to a maximum loss threshold of 10%.
The minimum trading days specify the minimum duration during which traders must actively engage in trading before they are eligible to complete an evaluation phase or request a withdrawal. During the evaluation period, a minimum of 10 trading days is required. Furthermore, in each subsequent monthly trading cycle, traders are also expected to trade for a minimum of 10 days.
The “no weekend holding” policy strictly prohibits traders from maintaining open positions during weekends.
The “no news trading” policy restricts traders from participating in trading activities during high-impact news releases. During both the evaluation period and funded status, traders are prohibited from opening or closing any trades within a 5-minute window before and after news releases.
The consistency rule is a fundamental requirement that mandates traders to maintain consistency in various aspects, such as position sizes, risk management, losses, gains, and more. This rule necessitates that account results exhibit a level of consistency, without drastic variations in their characteristics.
What makes Fidelcrest different from other prop firms?
Fidelcrest sets itself apart from the most prominent proprietary firms in the industry through its implementation of clear-cut trading regulations that allow traders to engage in trading activities during news events, hold positions overnight, and operate throughout weekends.
In comparison to other proprietary firms, Fidelcrest’s Micro Trader evaluation program entails a two-phase evaluation process that traders must complete to become eligible for payouts. In phase one, normal risk accounts have a profit target of 10%, while aggressive risk accounts have a profit target of 15%. Phase two maintains 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 funded. Aggressive risk accounts, on the other hand, have a maximum daily loss limit of 10% and a maximum loss limit of 20% in both evaluation phases and once funded. During both evaluation phases, there are no minimum trading day requirements for both normal risk and aggressive risk accounts. It is important to note that the Micro Trader evaluation program accounts do not offer a scaling plan. In comparison to other industry-leading proprietary firms, Fidelcrest’s trading objectives align with industry averages.
Similarly, Fidelcrest’s Pro Trader evaluation program also follows a two-phase evaluation process for traders to become eligible for payouts. Both normal risk and aggressive risk accounts have a profit target of 10% for each phase. 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. There are no minimum trading day requirements for normal risk and aggressive risk accounts during both evaluation phases. Similar to the Micro Trader evaluation program, the Pro Trader evaluation program accounts do not offer a scaling plan. Compared to other leading proprietary firms in the industry, Fidelcrest’s trading objectives align with industry averages.
In summary, Fidelcrest distinguishes itself from other prominent proprietary firms by offering two distinct funding programs and straightforward trading rules that permit trading activities during news events, overnight positions, and weekends.
Is getting Fidelcrest capital realistic?
When evaluating prop firms that align with your forex trading style, it is crucial to assess the feasibility of their trading requirements. While a company offering a high percentage profit split on a well-funded account may initially sound appealing, it is important to consider the likelihood of success when faced with high monthly percentage gains and low maximum drawdown expectations.
Opting for capital from the Micro Trader evaluation program accounts is generally a realistic approach as they offer the flexibility to choose between normal and aggressive risk account types. The normal risk account types entail moderate profit targets (10% in phase one and 5% in phase two) along with average maximum loss regulations (5% maximum daily loss and 10% maximum loss in both evaluation phases). Conversely, the aggressive risk account types come with higher profit targets (15% in both phases) and more stringent maximum loss rules (10% maximum daily loss and 20% maximum loss in both evaluation phases).
Similarly, obtaining capital through the Pro Trader evaluation program accounts is also a realistic option, as they provide the choice between normal and aggressive risk account types. The normal risk account types involve moderate profit targets (10% in both phases) coupled with average maximum loss rules (5% maximum daily loss and 10% maximum loss in both evaluation phases). On the other hand, the aggressive risk account types feature higher profit targets (20% in both phases) along with more stringent maximum loss rules (10% maximum daily loss and 20% maximum loss in both evaluation phases).
Taking all of these factors into consideration, Fidelcrest emerges as an excellent choice for securing funding, primarily due to its evaluation program accounts, which offer realistic trading objectives and payout conditions for traders to adhere to.
Payment proof
Fidelcrest was founded in 2018 and officially incorporated in 2020.
You can find payment proof on their Youtube channel and their News section, which you can find on their website.
Another place you can check to get payment proof is an Instagram account named Fidelcrestgroup, which you can access it
Which brokers do Fidelcrest use?
Fidelcrest has its broker named Fidelcrest Markets.
As for trading platforms, they allow you to trade on MetaTrader 4.
Trading instruments:
Fidelcrest offers a large variety of trading instruments. You are allowed to trade forex pairs, commodities, indices, stocks, and cryptocurrencies.
Trading fees
Education and support for traders
Fidelcrest does not provide any educational content on its website. However, they have a thread on ForexFactory, but it was lastly updated on December 30th, 2019.
They have also been mentioned numerous times in another thread named ‘’PROP FIRM HUB’’ made by a user named Masterrmind on ForexFactory.
Traders’ Comments about Fidelcrest
Fidelcrest has excellent feedback from their reviews.
Fidelcrest has garnered a significant number of favorable reviews from its community on Trustpilot, achieving a commendable rating of 4.6 out of 5 based on 753 reviews.
One notable aspect of Fidelcrest is the presence of a reliable support team that is readily available to address inquiries about their proprietary trading firm, trading rules, objectives, and any other concerns that may arise.
The community’s positive feedback predominantly revolves around the exceptional customer support service provided by Fidelcrest. The team is known for their promptness and remarkable assistance, regardless of the nature of the issue at hand.
Another noteworthy advantage is Fidelcrest’s funding program options, which cater to a wide range of traders. With the availability of Micro and Pro accounts, individuals at various skill levels, including beginners and experienced traders, can take advantage of the opportunity. Account sizes range from $15,000 to $1,000,000, providing a diverse range of choices.
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.
Social media statistics
Social Media Statistics
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 reputable proprietary trading firm that provides traders with the opportunity to select between two funding programs: Micro Trader and Pro Trader programs.
The Micro Trader evaluation programs consist of a standard two-phase evaluation challenge, which must be completed before being funded and eligible to earn profit splits. Fidelcrest requires traders to choose between normal and aggressive risk account types. Normal risk account types have profit targets of 10% in phase one and 5% in phase two, accompanied by average maximum loss regulations (5% maximum daily loss and a maximum loss of 10%). Aggressive risk account types, on the other hand, have profit targets of 15% in both stages, with maximum loss rules of 10% maximum daily loss and a maximum loss of 20%. By participating in Micro Trader evaluation programs, traders can earn profit splits ranging from 80% to 90%, depending on their chosen risk type.
Similarly, the Pro Trader evaluation programs follow the industry-standard two-phase evaluation process, requiring successful completion of both phases to become funded and eligible for profit splits. Traders are again given the choice between normal and aggressive risk account types. Normal risk account types have profit targets of 10% in both stages, with average maximum loss rules of 5% maximum daily loss and a maximum loss of 10%. Aggressive risk account types, on the other hand, have profit targets of 20% in both stages, with maximum loss rules of 10% maximum daily loss and a maximum loss of 20%. By opting for the Pro Trader evaluation programs, traders can earn profit splits ranging from 80% to 90%, depending on their selected risk type.
I would highly recommend Fidelcrest to individuals seeking a prop firm with clear trading rules and a consistent trading strategy. They are a well-established firm that offers favorable conditions to a diverse range of traders with varying styles. After carefully considering all the offerings provided by Fidelcrest, it is evident that they rank among the top proprietary trading firms in the industry.
