Established in 2018, Fidelcrest has quickly become a force to reckon with in the prop trading industry. Based in Nicosia, Cyprus, this firm caters to the major challenge that many traders face: obtaining sufficient capital for significant profit generation. Today, we delve deep into the world of Fidelcrest reviews & ratings across different platforms.
Fidelcrest Reviews & Ratings
Fidelcrest has positioned itself as a prominent figure in the prop trading arena. Their commitment to nurturing talent, combined with their transparent and trader-friendly business model, has cemented their reputation as a reliable trading partner for many across the globe.
Trustpilot, a renowned review platform, gives Fidelcrest an impressive rating of 4.6/5, with the majority of the reviews being 5-star ratings at 86%.
Customers have voiced:
- High satisfaction levels, particularly among those who have utilized the Challenge funds.
- Positive onboarding experiences, with simple sign-ups and prompt support.
- The rules of the trading challenges are considered more than reasonable.
- A responsive and effective support team that readily handles any hitches.
- The feedback from multiple users even lauded a staff member, Juan, for his outstanding support.
However, it’s important to note a minor complaint regarding withdrawal issues, highlighting the importance of vigilance when navigating any trading platform.
Overview and History
Fidelcrest, a segment of the larger Fidelcrest Group of Companies, boasts a diverse clientele of more than 6,000 traders hailing from over 170 countries globally. Their modus operandi is simple yet effective; to initiate one’s trading journey with Fidelcrest, an aspirant has to pay a one-time fee and successfully pass the firm’s initial trading challenge.
The prop trading firm is renowned for its extensive flexibility, offering a spectrum of account sizes tailored to cater to various experience and investment thresholds. Traders have the liberty to operate with the firm’s capital across an array of top-tier platforms and can choose from a whopping array of trading instruments. This vast selection encompasses notable domains like forex and cryptocurrencies.
The company’s founding members comprise forex traders and industry experts who perceive a gap in the market. They realized that many traders struggled with conventional broker accounts due to a lack of proper funding. Addressing this need, Fidelcrest was formed, aiming to empower traders to enhance their funds and generate income
How to Start Trading with Fidelcrest
- Enrollment & Challenge: To initiate your journey with Fidelcrest, you’ll be required to pay a one-time fee and undertake their trading challenge. By successfully navigating this challenge, you stand a chance to manage up to $400,000 and retain as much as 80% of the profits you generate.
- Account Selection: Fidelcrest provides a diverse array of account types. Your choice will hinge on your preferred risk level, with options ranging from ‘Normal’ to ‘Aggressive’. Each of these has distinct criteria, such as profit targets. For instance, while Normal accounts have a profit target of 10%, Aggressive accounts have a 20% target .
- Trading Strategy: Once you’re on board, you can commence trading in 30-day periods, which kick off the moment you open your first position. By the period’s end, all positions must be closed, and that’s when your final profit or loss gets calculated. Notably, Fidelcrest allows traders to adopt their unique strategies, including news trading, swing trading, holding positions overnight, and employing stop/loss orders .
- Rules and Restrictions: While Fidelcrest does offer significant flexibility, they also enforce stringent guidelines. Every Fidelcrest account has a 1:100 leverage. The company spells out conditions like the maximum permissible daily loss and mandatory trading days. A breach of any of these rules might result in account termination .
What Sets Fidelcrest Apart?
- Versatility: Traders can access a wide range of platforms and instruments, including forex and cryptocurrencies .
- Customer Support: Fidelcrest’s support system stands out from the competition. They offer prompt customer support via various channels, with Live Chat boasting an impressive average response time of merely one minute .
- Profit-sharing: One of the highlights of trading with Fidelcrest is the generous profit-sharing scheme. Their Aggressive Accounts, for instance, enable traders to take home an astounding 80% of the profits .
- Training and Resources: The firm is celebrated for its comprehensive training programs and a myriad of tools tailored to hone your trading acumen.
Pros & Cons
Every company has its strengths and weaknesses, and Fidelcrest is no different:
Pros:
- Generous maximum loss levels of up to 20%.
- Competitive leverage and a diverse asset range
- High profit share potential: Up to 90%.
- Trading platforms: MT4 and MT5 with algorithmic trading allowed.
Cons:
- To foster this principle of consistent strategy, Fidelcrest has set out particular rules, such as allowing almost any kind of trading strategy like news trading, but prohibiting the use of automated robo-traders or third-party traders. This ensures that traders engage with markets personally and maintain consistency in their decision-making processes, rather than relying on automated tools that might introduce variability.
Fidelcrest offers an exceptional platform for both novice and seasoned traders to manage large funds, refine their strategies, and realize substantial profits. However, as with all trading ventures, it’s paramount to conduct thorough research, understand the firm’s terms and conditions, and align your strategies accordingly.
Interested in Trading with Fidelcrest?
Fidelcrest has built a name for itself in a short span, making it an appealing choice for traders. From generous profit splits to a robust support system, it provides a well-rounded prop trading experience. If you’re venturing into prop trading, Fidelcrest is certainly worth a closer look. Click here today to learn more.