Are you ready to start your trading career and earn impressive profits? If you’re a skilled trader looking to get funded or a new trader working on your skills, Fidelcrest may be the perfect prop firm for you. This highly regarded firm offers fast funding, huge account sizes, and exceptional customer support.
Read our 2023 Fidelcrest Review to determine if this prop firm is right for you.
What Is Fidelcrest?
Fidelcrest is a prop trading firm that provides skilled traders with a funded account.
At Fidelcrest, you can trade risk-free, as the firm takes responsibility for any losses.
This prop trading firm copies trades from funded to live coverage accounts with its liquidity providers. Fidelcrest rewards traders with their share of profits. With Fidelcrest, traders can access 175+ assets, like forex, indices, metals, commodities, and stocks.
Who Founded Fidelcrest?
In 2018, forex traders and industry experts came together to form Fidelcrest. The founders noticed traders had trouble making money with typical broker accounts. A scarcity of proper funding in the proprietary trading world needed to be addressed. To fix this, they created Fidelcrest, a prop firm that enables traders to grow their funds and make money.
How Does Fidelcrest Work?
Let’s understand how Fidelcrest works, including its trading programs and rules.
Pro Trader Program
The Pro Trader Program is for experienced traders with solid risk management skills and reliable trading strategies. Traders can choose between a Normal or Aggressive Account with the following initial balances: $150K, $250K, $500K, or $1,000,000*.
*A starting capital of $1,000,000 is only available for Normal Pro Traders.
To start your journey as a funded trader at Fidelcrest, you must complete their two-phase evaluation process. The first phase, the Fidelcrest Trading Challenge, lets you trade with an account size of your choice. Don’t worry if you don’t succeed at first – you have unlimited free attempts, so there’s no need to get it immediately.
Here are the rules for Phase I:
- 30 days to pass the trading challenge
- Normal:
- 10% profit target
- 10% max loss limit
- 5% max daily loss limit
- Aggressive:
- 20% profit target
- 20% max loss limit
- 10% max daily loss limit
Phase II is the Verification Phase, where all the rules are the same except for these:
- 60 days to pass the verification stage
- 5% max loss limit for normal
- 10% max loss limit for aggressive
- Receive up to a $30 commission with your first profit split
After passing Phases I and II of the Trading Challenge, Fidelcrest will reward you with a funded account of your chosen size and style.
Here are the trading rules for the funded Pro Trader Normal Account:
- 30-day trading period
- No profit target for funded accounts
- 10% maximum loss limit
- 5% maximum daily loss limit
Here are the trading rules for the funded Pro Trader Aggressive Account:
- No profit target for funded accounts
- 20% maximum loss limit
- 10% maximum daily loss limit
If you’re a skilled trader with a tried-and-true strategy, the Pro Trader Program is an excellent option. With no minimum trading days required, you can get funded fast and start managing big accounts instantly. High-risk traders should select the Pro Trader Aggressive Account, and normal-risk traders should choose the Pro Trader Normal Account.
Micro Trader Program
The Micro Trader Program is for beginner traders who want to test their trading skills before managing a big account. This program teaches traders basic risk management skills and allows them to start earning after just one phase.
Traders can choose between a Normal or Aggressive Account with the following initial balances: $10K, $25K, or $50K.
Before getting funded, you’ll need to pass the evaluation process, which works similarly to the Pro Trader Program. First, you’ll need to follow the rules of Phase I, the Trading Challenge:
- 30 days to pass the trading challenge
- Normal:
- 5% profit target
- 10% max loss
- 5% max daily loss
- Aggressive:
- 15% profit target
- 20% max loss
- 10% max daily loss
The second phase is the Verification Stage, where traders prove their skills. During this phase, traders must follow the same profit objectives and max daily loss requirements as in Phase I, while adhering to these additional rules:
- 60 days to pass the verification stage
- 5% maximum loss for normal traders
- 10% maximum loss for aggressive traders
- Receive up to a $20 sign-up commission with your first profit split
Like the Pro Trader Program, you get unlimited free retries to pass these phases. After completing each phase, you’ll become a funded trader at Fidelcrest. Here are the rules for the funded Micro Trader Normal Account:
- 30-day trading period
- No profit target for funded accounts
- 10% maximum loss limit
- 5% maximum daily loss limit
Here are the rules for the funded Micro Trader Aggressive Account:
- 30-day trading period
- No profit target for funded accounts
- 20% maximum loss limit
- 10% maximum daily loss limit
If you’re a new trader still testing your trading strategy, the Micro Trader Program is your best option, as the account sizes are smaller and the trading rules are less strict. High-risk traders should sign up for Aggressive Accounts, while normal traders should sign up for Normal Accounts.
Top Features of Fidelcrest
Let’s talk about Fidelcrest’s top features that set it apart from other prop trading firms.
80-90% Profit Split
Traders at Fidelcrest keep 80-90% of their profits depending on their chosen program. For example, normal-risk traders keep 80% of their profits, while aggressive traders keep 90%. These profit splits make Fidelcrest highly competitive compared to many other prop firms.
Manage Capital Up to $2,000,000
At Fidelcrest, traders can manage accounts with as much as $2,000,000. Not only is this impressive, but you can start handling 1,000,000 immediately with the Pro Trader Program- no scaling plan required!
No Minimum Trading Days
Fidelcrest doesn’t require any minimum trading days to receive a funded account; this means traders can get funded practically the same day they sign up. This is an excellent feature for traders who want to get funded fast.
Top-Notch Client Support Team
The Fidelcrest Customer Support Team is located worldwide to assist their traders anytime. Friendly, knowledgeable, and available via Live Chat, the Customer Support Team will answer any questions you have in just a few minutes.
Fidelcrest Pricing
So what’ll it cost you to become a trader at Fidelcrest? Let’s break down how much each program costs!
Pro Trader Program Prices
Here’s how much a Pro Trader Normal Account costs:
| Pro Trader Normal Account Size | Price |
| $150K | £649 ($786.72) |
| $250K | £999 ($1,210.99) |
| $500K | £1,799 ($2,180.75) |
| $1,000,000 | £2,899 ($3,513.99) |
Here’s how much a Pro Trader Aggressive Account costs:
| Pro Trader Aggressive Account Size | Price |
| $150K | £999 ($1,210.00) |
| $250K | £1,599 ($1,938.21) |
| $500K | £2,899 ($3,513.99) |
Micro Trader Program Prices
Here’s how much a Micro Trader Normal Account costs:
| Micro Trader Normal Account Size | Price |
| $10K | £99 ($119.99) |
| $25K | £249 ($301.79) |
| $50K | £449 ($544.19) |
Here’s how much a Micro Trader Aggressive Account costs:
| Micro Trader Normal Account Size | Price |
| $10K | £149 ($180.60) |
| $25K | £349 ($423.02) |
| $50K | £549 ($665.44) |
Fidelcrest Pros & Cons
Let’s give a quick breakdown of Fidelcrest’s pros and cons!
Fidelcrest Pros
- Get funded fast with no minimum trading days
- Manage account sizes up to $2,000,000
- Multiple tradable assets
- Positive reputation
- Speedy payouts
- Excellent customer support
Fidelcrest Cons
- Some traders complain the rules are too strict
- The 30-day trading period limits long-term trades
User Reviews for Fidelcrest
Fidelcrest has 4.6 stars on TrustPilot, which is considered an excellent rating. Let’s see what Fidelcrest traders think of this prop firm!
Positive Reviews
One trader named Sunil praised Fidelcrest’s support team, saying they addressed his questions and concerns in a prompt and friendly manner.
Another happy trader named Merudh said Fidelcrest is an amazing prop firm with excellent customer service and fair trading rules.
Negative Reviews
Of course, Fidelcrest isn’t without its critics; one trader said that other prop firms offer better, more relaxed rules than Fidelcrest.
Another disgruntled trader named Francesco criticized Fidelcrest’s requirements and complained about customer service.
Fidelcrest Alternatives
Now that you’ve heard the pros, cons, and trader reviews, you may be ready to start trading with Fidelcrest. But if you’re not sure this prop trading firm is right for you, we recommend checking out some of its competitors:
Our Personal Experience with Fidelcrest
How does Fidelcrest stack up against other prop firms?
We believe Fidelcrest is an outstanding choice for traders of all levels and trading styles, both beginners and experts alike.
At Fidelcrest, you can keep up to 90% of your profits, compared to the industry-standard 80% depending on which account you pick.
We love that Fidelcrest requires no minimum trading days to fund your account, which is perfect for traders who need to manage capital quickly.
Fidelcrest’s impressive customer support answered our questions within minutes – a feature rarely seen at other proprietary trading firms.
Yet, Fidelcrest is not perfect.
For instance, some of the rules are stricter than other prop firms, making it unsuitable for traders who prefer flexibility. Additionally, the 30-day trading period isn’t favorable for those who make long-term trades. Depending on your trading style, these rules could make or break Fidelcrest as a viable option.
Conclusion: Should You Trade with Fidelcrest?
Is Fidelcrest right for you? Experienced traders can get funded instantly by passing the Trading Challenge and reaching the minimum profit target. And newbies find hFidelcrest’selcrest’s tailored programs. Plus, regular and high-risk traders can choose between normal or aggressive accounts.
With reliable customer support, clear trading goals, and the ability to trade multiple instruments, Fidelcrest is a great choice for most prop traders. But you can always check out other options with our review of the Best Prop Trading Firms for Swing Traders!
