Welcome to our blog series of comprehensive reviews on prop trading firms! In this edition, we dive deep into Fidelcrest, an exceptional choice for experienced traders seeking consistent profitability. Based in Nicosia, Cyprus, Fidelcrest prioritizes consistency and offers traders the freedom to employ their preferred trading style. Join us as we explore the pros and cons of Fidel Crest and provide a step-by-step guide to getting started with this prop trading firm.
About Fidelcrest
Fidelcrest operates by offering skilled traders the
opportunity to become funded traders, subject to meeting the trading conditions specified in their various challenges. Each challenge
varies in terms of trading days and mi
nimum profit targets, which in turn aff
ect the trader's final profit split. Detailed information regarding these challenges can be found on the company's website.
What's Unique about Fidelcrest?
Prioritizing consistency:
One of the key aspects that sets Fidelcrest apart is its emphasis on consistency. Unlike some other prop trading firms, Fidelcrest recognizes the importance of maintaining a consistent and profitable trading approach. This focus on consistency helps traders build a solid track record and increase their chances of success in the long run.
Freedom in trading styles:
Fidelcrest offers traders the flexibility to choose their preferred trading styles. Whether you are a day trader, swing trader, or prefer other strategies, Fidelcrest allows you to implement the trading approach that aligns with your strengths and preferences. This freedom enables traders to capitalize on their expertise and execute trades according to their individual strategies.
Profit split and trading objectives:
Fidelcrest provides traders with attractive profit s
plit opportunities. Successful traders can receive up to a 90% profit split, allowing them to keep a significant portion of their earnings. This incentive structure motivates traders to strive for consistent profitability and rewards them accordingly.
Outstanding customer support:
Fidelcrest prides itself on its exceptional customer support. The company offers prompt assistance to traders through various channels, including email, Facebook chat, and Live Chat. The Live Chat option, with an average response time of just one minute, ensures that traders receive timely and effective support when they need it the most. The dedication to customer service sets Fidelcrest apart and enhances the overall trading experience.
Pros and Cons of Fidelcrest
Pros:
Reasonable trading objectives
Profit split of up to 90%
Excellent customer support team
Cons:
Discourages inconsistent trading strategies
No copy trading functionality
The Final Score
In conclusion, Fidelcrest is an appealing choice for experienced traders who value consistency and independence in their trading approach. With reasonable trading objectives, a lucrative profit split, and excellent customer support, Fidelcrest offers a platform that supports traders in their pursuit of profitability. However, it is important to consider the company's focus on consistent trading strategies and the absence of copy trading functionality as potential limitations.
Getting Started
Click here to visit Fidelcrest's official website and automatically receive your Prop Up Trading Discount.
Explore their offerings and gain a comprehensive understanding of their trading challenge requirements.
Choose your challenge: Select either the "Normal" or "Aggressive" trading challenge based on your risk tolerance, experience, and desired profit split. Consider your personal trading goals and preferences when making this choice.
Register for an account: Create an account by providing your personal information and agreeing to Fidelcrest's terms and conditions. This step will allow you to participate in their trading challenges.
Pay for your challenge: Determine your desired level of initial capital and pay the corresponding fee for the challenge you have selected. Fidelcrest offers different funding options, so choose the one that aligns with your financial capability.
Download the MetaTrader 4 platform: As Fidelcrest currently supports only the MetaTrader 4 platform, you will need to download and install it on your computer or mobile device. This platform will serve as the trading interface for executing your trades.
Connect your Fidelcrest account: Once you have the MetaTrader 4 platform installed, use the provided login details to connect your Fidelcrest account to the platform. This connection will enable you to access and trade with your funded account.
Begin trading: Start trading using your preferred strategy while ensuring you abide by the rules and requirements set forth by Fidelcrest. It is crucial to maintain a consistent trading strategy to avoid disqualification during the challenges.
Complete the Trading Challenge: Within the 30-day period of the "Challenge" phase, aim to meet the profit targets and other requirements specified by Fidelcrest. Successful completion of this phase will unlock further opportunities.
Advance to the Verification stage: If you successfully complete the Trading Challenge, you will progress to the "Verification" stage, which lasts for 60 days. During this stage, continue to maintain your trading performance and meet the specified requirements.
Become a funded trader: Once you have successfully passed both the Trading Challenge and Verification stage, you will qualify to receive a funded account from Fidelcrest. This account will allow you to trade with real money and earn a profit split of up to 90%.
It's important to note that Fidelcrest is specifically designed for experienced individuals like yourself who possess the skills to consistently generate profitable trading strategies. If you're confident in your abilities and want to elevate your trading career, participating in Fidelcrest's trading challenge can be a significant milestone.
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