Fidelcrest is a trading company located in several countries like, Nicosia and Cyprus and was founded back in 2018. The pure essence of this company is to trade its fund through other traders, instead of requesting them to put their money on the desk.
Its operation is straightforward; it is focused on locating traders who exhibit expertise, experience, & profitability in the markets and funding them with real money so they may make significant profits.
WHAT IS THE PROCESS FOR THE FIDELCREST EVALUATION?
You must successfully complete two levels of evaluation to become a Fidelcrest sponsored trader: the Challenge phase and the Verification phase.
Phase 1: Challenge
- The challenge phase is the initial step in trying to get funding; to get through it, you must:
- In no more than 30 days, but in no fewer than 10 days, reach earnings targets (between 5% & 20%, depending on the method).
- Build up to at least 10 trading days in the conventional mode or 5 in the aggressive mode, where a trading day is defined as the period during which you had opened at least one deal.
- Don’t go over the daily or overall loss restrictions.
- Once your profit targets & minimum trading amount have been met, close out all open positions.
Checking in Step 2
The requirements and goals for the verification period are the same as those for the earlier phase, but you will have up to 60 days to complete it. If you successfully complete this phase, you will also be entitled to between 40% and 50% of the profits.
After that, if you were successful in meeting the requirements and goals of the verification phase, you will oversee a funded live account with a profit share of up to 90%.
The Verification test can only be accessed after you have successfully completed the Challenge stage. To do this, you must submit the necessary KYC documents in the Trader area and sign an agreement (digitally) with the company. You should go and check fidelcrest review.
Another thing to keep in mind is that the verification periods always begin on Mondays and that you will receive an email with the account login information at least 4 hours before the scheduled start time.
PACKAGING OPTIONS
It can be noted that Fidelcrest offers a wide range of packages, with two types—Micro Trader and ProTrader—and two modes—Normal and Aggressive—for each.
In contrast to conservative accounts, which allow for more losses, aggressive accounts have higher costs as well as higher profit targets. Prices and terms are subject to change at any time, so make sure you double-check them on the official Fidelcrest website.
The prices for the Micro Trader Normal accounts are set at 99 euros, 249 euros, and 499 euros, respectively, with the ability to manage an account of 10,000, 25,000, or $50,000.
THE FIDLCREST RULES
Rules that make it too difficult to access funding programmes are frequently imposed by numerous forex prop firms. Fidelcrest has several restrictions and rules, but they are all rather straightforward and unambiguous.
What are they, then?
Reach the verification stage’s goals in no more than 60 days and no fewer than 10 trading days, as well as the Challenge test’s profit target in no more than 30 days and at least 10 trading days (for Normal mode) and 5 (for Aggressive mode) minimum.
- After achieving the minimum profit & trading day goals, close out all open positions.
- One Challenge account may only be used to trade at once.
- Use of expert advisers or copying of other Fidelcrest traders’ transactions is not permitted without the company’s prior consent.
- Never, ever, go above the daily or maximum loss restrictions.
The loss limits are set as follows, as can be seen from the last rule:
- ProTrader and Micro Normal accounts: The daily loss cap is 5% of the overall.
- 10% of the total is the maximum loss permitted.
- ProTrader Aggressive Accounts and Micro Aggressive Swing Accounts
- Up to 10% of the total loss per day is permitted.
- 20% of the total value is the maximum loss permitted.
AVAILABLE FINANCIAL METHODS
More than 175 products, all with spreads & commissions tailored for proprietary trading, are accessible through Fidelcrest on a variety of markets, including Forex, CFDs, Crypto, Metals, Commodities, and Stocks.
