Most traders lack the capital to break into the trading world. And the overwhelming majority of traders lack the necessary capital to do it full-time.
Prop trading firms exist to bridge the gap. These platforms are life-changing for traders who need a little help accessing capital.
There are many platforms out there–too many to count. But Fidelcrest is showing up on the radar more than ever.
In this Fidelcrest review, we are going to examine all the platform has to offer. Specifically, its Trading Challenge.
What is Fidelcrest?
Founded in 2018, Fidelcrest is a revolutionary prop trading platform that aims to take talented traders and help them find success in the financial world.
The platform offers traders a chance to showcase their skills and attract funding by participating in its multi-step evaluation process.
Fidelcrest’s funding model is based on a profit-sharing structure, where funded traders earn most of the profits generated from the trades.
How Fidelcrest Works
Fidelcrest’s funding program works by allowing traders to apply for an evaluation process where they must meet certain criteria to qualify for funding–allowing traders to showcase their skills and risk management capabilities.
The evaluation is a two-step process, the first being known as the Trading Challenge and the second is Verification. Once you complete the verification, you will receive funding and be enabled to choose between two funded accounts: Pro Trader Normal and Pro Trader Aggressive.
Let’s break all of this down.
The Trading Challenge
The first step on the path to becoming funded is passing the Trading Challenge. To get started, you must first choose an account size and a risk level (Normal or Aggressive).
During this phase, you can trade all the available instruments to prove you are a skilled trader who can reach the profit target. The trading style is completely up to you.
This phase features a 60-day trading period with no minimum trading days. The risk level you choose will determine the maximum loss, maximum daily loss and profit target as follows:
- Normal – 10% maximum loss, 5% maximum daily loss and 10% profit target.
- Aggressive – 20% maximum loss, 10% maximum daily loss and 20% profit target.
Unlike SurgeTrader, becoming funded with Fidelcrest can’t be achieved in one step. Successfully completing this stage will advance you to the Verification phase.
Fidelcrest Verification Stage
The reason the best prop trading firms have these multi-step evaluation processes is simple: they want to be sure you didn’t just get lucky the first time. These firms are giving you their capital to trade with–they want to make sure you know what you’re doing.
Hence the second step to becoming a funded trader with Fidelcrest–the Verification phase.
This is a replica of the Trading Challenge. You have a 60-day trading period with no minimum trading days.
Additionally, the maximum losses and profit goals are the same.
Fidelcrest Trader
After completing the Challenge and Verification, you are now a Fidelcrest trader. You can begin trading using Fidelcrest’s capital.
One attractive trait about being a funded trader with Fidelcrest is that it eliminates the profits targets, as long as you don’t reach the maximum loss limits.
The risk level you choose will also determine your profit share. Choosing Normal will give you a profit share of 80% and a profit share of 90% comes with Aggressive.
Features of Fidelcrest
There are several benefits of using Fidelcrest for both aspirational and grounded traders. Let’s look at each of them.
- Funding – This is self-explanatory and perhaps the only reason you went the prop trading firm route in the first place. The amount of funding you receive varies from $250K to 2M.
- Skill development – The evaluation process isn’t just a test–it’s also a place where you can further develop your skills. You learn by doing and, if you happen to fail, you can always come back and try again.
- Trading Platform – Fidelcrest’s trading platform has been designed to offer a technical platform for traders only.
- Trading instruments – Fidelcrest allows you to trade more than 175 products with spreads and commissions designed solely for prop trading. These include stocks, forex, commodities, indices, metals and more.
- Leverage rates – No matter where you live–the US, Canada or Europe–Fidelcrest trading accounts have a leverage of up to 1:100.
- Analytics – Fidelcrest’s proprietary trading software tracks your trading progress and objectives. The metrics obtained are available to you 24/7.
- No hidden fees – Fidelcrest boasts no membership fees, no recurrent charges and no hidden fees. It is just a one-time fee to participate in the Challenge.
Fidelcrest Review: Final Thoughts
Fidelcrest is an innovative platform that offers traders and investors an opportunity to benefit from a symbiotic relationship where both parties aim to achieve profitability–mostly the trader.
Fidelcrest’s evaluation process tests traders’ skills and ensures that they are trading within a risk management framework, giving them a chance to see if they can handle the pressure.
Fidelcrest aims to disrupt the traditional funding model in the financial industry and create a community of traders working together to achieve a common goal of profitability.
If all of this sounds like you, click here to get started with Fidelcrest today.
Disclaimer: This article contains sponsored marketing content. It is intended for promotional purposes and should not be considered as an endorsement or recommendation by our website. Readers are encouraged to conduct their own research and exercise their own judgment before making any decisions based on the information provided in this article.
