Fidelcrest Review

Fidelcrest In a nutshell: Fidelcrest LLC is a proprietary trading firm (founded in 2018). That offers those who pass its trading challenge and verification phase a profit split of up to 90%.

Traders get to choose between the “Normal” and the “Aggressive” trading challenge (with the latter offering a higher profit split after the challenge phase is complete).

For an experienced trader, these challenges should be realistic to pass, but that doesn’t necessarily imply they’ll be easy either. Find out all the details in this Fidelcrest review!

Fieldcrest Review – Overview

Fildelcrest keeps winning fintech innovation awards for it’s innovative approach to trader funding. This prop firm has recently attracted new investors and is looking to provide even better value to traders. Top notch customer service easy sign up process. . Traders have opportunity to earn commissions while qualifying to trade forex, CFDs, and cryptocurrency for the prop firm as Fidelcrest Funded Trader . Is Fidelcrest worth your time? To find out more, tune in to our review.

Fieldcrest was a limited liability company established in 2018 by The Fidelcrest Group of Companies. This site features many forex traders and professionals with extensive brokerage experience. The prop company has its headquarters in Cyprus and offices in Budapest.

Fidelcrest LLC has over 6,000 trade partners from more than 170 nations.

Prop firms cater to both experienced traders and those building their portfolios slowly. New traders have a relatively low barrier to entry, with the lowest funding option being $5,000.

Fieldcrest traders can take home an 80% profit share with the Aggressive Accounts feature. This makes it one of Fidelcrest’s highest profit-sharing splits. Fieldcrest offers a variety of accounts for traders with varying investment levels. These include a demo account to let traders practice their trades risk-free and a challenge account. There is also a professional account for more experienced traders.

The Fidelcrest Platform in More Detail

Fidelcrest traders trade over 175 financial products which include Forex, cryptocurrency, CFDs, precious metals, and stocks. The company gets access to the low commissions expected by proprietary traders.

The trading platform used by Fidelcrest is Metatrader4, which is the industry standard platform for professional traders. Traders can open an account immediately and get access to top-quality trading conditions.

Fidelcrest Pricing and Fees

Fidelcrest offers transparent pricing on its website; traders will know what kind of agreement they are entering into.

The starting account size of $150,000 carries a €649 fee to get start with Fidelcrest. For successful traders, the first payout of the profit split can be after 11 days with a $3,000 commission bonus. This account is dependent on a normal trading strategy with an 80% profit split.

There are four tiers of fees which goes as high as €2,899 to trade with an account of $1 million. That comes with a profit split commission bonus after 11 days of trading, of up to $20,000. Successful traders should see this as an investment in their confidence to be profitable after 11 days. The normal accounts have a maximum downside of 5% in one day and a profit target of 10% for the month.

One obstacle for traders is that they have to reach the monthly profit target of 10% or they will have to purchase a new challenge. That should make traders think about the calendar month that they seek to start the challenge. Trading volumes can be lower around the summer holidays and Christmas period.

More About Trading Strategy

Fidelcrest is very strict about the strategy using by active traders when they are trading the company’s funds. While the expectations are clearly stated, those without prior experience in the proprietary trading industry may struggle with the tight risk versus reward profile.

Unfortunately, this seems to be one of the key areas for complaints with the Fidelcrest platform. However, it should be realized that a professional trading firm cannot have a large number of traders running volatile trading strategies with company funds. Fidelcrest states that traders can be disqualified for unsuitable trading strategies. This has led to negative feedback from disqualified traders who claim that they are a “scam company”.

It is possible that these traders were new to the proprietary trading environment and were trying to trade different products with different risk profiles. Having traded in proprietary firms before, it should be noted that the company would prefer that you trade the same 1-2 forex currencies or stocks every day with a very similar volatility profile.

Is Fidelcrest the Right Platform for You?

Successful traders with a profitable track record will find Fidelcrest to be an enticing option to manage a large company account from anywhere in the world.

If you have previous experience at a proprietary trading firm or have honed your strategy, then Fidelcrest is worth a deeper look. The firm was founded by traders with experience in the prop trading industry, so they know that competitive funds and profit splits are needed to attract the best traders.

Do you think you have what it takes to successfully manage a professional trading account for a 90% profit split?

Click here to sign up for the Fidelcrest reading challenge and pit your skills against the best on Wall Street.