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  7. Fidelcrest Review 2022: Is This Prop Trading Firm Legit?

Fidelcrest Review 2022: Is This Prop Trading Firm Legit?

Jenna Gleespen - December 15, 2021

Fidelcrest review
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Check out our Fidelcrest review to learn everything you need to know about this top prop trading firm.

If you’re looking to join a reputable prop trading firm, then you might want to take a close look at Fildelcrest.

The firm is known for its training programs and dedicated customer support team.

Fidelcrest provides many valuable tools to sharpen your trading skills and help you meet your trading objectives.

Its trading platform offers funded accounts for prop traders who want to trade forex, CPOs, and cryptocurrency.

But is Fidelcrest worth your time and money?

Tune in for our Fidelcrest review to find out.

Fidelcrest review

Fidelcrest Review: Overview

Fidelcrest is a limited liability company founded in 2018 by the Fidelcrest Group of Companies.

It features several forex traders and trading professionals with extensive brokerage experience.

The prop firm is headquartered in Cyprus, with offices in Budapest.

Fidelcrest LLC works with over 6,000 traders from more than 170 countries.

The prop firm caters to both the experienced trader and those gradually building their portfolios.

The barrier of entry for new traders is relatively low, with $5,000 being the lowest funding option.

The Aggressive Accounts feature allows Fidelcrest traders to take home an 80% profit share, making it one of the prop firms’ highest profit-sharing splits.

Fidelcrest provides a wide range of account options for traders and varying investment levels, including a demo account that lets traders practice their craft risk-free, a challenge account, and a professional account for more experienced traders.

>> Already sold on Fidelcrest? Click here to sign up now! <<

How Does Fidelcrest Work?

To start using Fidelcrest, you must complete a comprehensive verification process to demonstrate that you have the skills to consistently meet monthly profit targets.

You can choose from any of the 13 accounts that Fidelcrest provides, which cover various risk levels and investments.

Each of the funded accounts offered leverage trading and access to more than 1,000 financial instruments.

There are MicroFX+ (Micro Trader) accounts for small investors to use and test their strategy and risk management skills.

And there is the ProFX+ (Pro Trader) program for larger investors to use, which allows for investing up to $400,000.

You can also trade with up to seven top brokers and use several platforms, including cTrader, MetaTrader 4, and MetaTrader 5.

Further, you can immediately change your brokers and platforms at the end of each trading period, which typically lasts for 30 days.

The following steps are necessary so you can secure a funded account:

  1. Complete the Fidelcrest Trading
  2. Complete the Funded Verification
  3. Fidelcrest Trading Challenge
  4. Trade With Your Professional Account

Fidelcrest review

Step 1: Complete the Fidelcrest Trading Challenge

The trading challenge is one of the most critical elements of the prop trading platform and the first of a four-step phase to secure funding.

Once you choose an account size, the trading challenge tests whether or not you’re a skilled trader who can regularly meet profit targets.

Your trading style during the challenge is completely up to you.

Step 2: Complete the Funded Verification

During the verification stage, you need to reach the profit target without hitting maximum loss targets.

You also need to submit your Know Your Customer (KYC) documents and sign a trade agreement located in the Trader Area of the Fidelcrest website.

During the funded verification phase, you can trade with real money, earning up to 50% of the profits in the process.

Step 3: Fidelcrest Trading Challenge

The Fidelcrest Trading Challenge takes place on the prop firm’s demo account.

To take the trading challenge, you have to reach the minimum profit target by the end of the 30-day trading period.

If you’re unsuccessful in your efforts to reach the minimum profit target during the Trading Challenge phase, you can get a second attempt at it for free by accessing a promo code when purchasing the challenge.

Plus, you can get back your evaluation fee.

The challenge account can be used for a normal trade strategy or an aggressive one.

The minimum number of trading days is 10, with the maximum loss being 10% for the normal plan and 20% for the aggressive plan.

The profit targets are 10 and 20% for the normal and aggressive plans, respectively.

fidelcrest review

Step 4: Trade With Your Professional Account

After completing the trading challenge and verification stages, you’ll officially secure a funded account on Fidelcrest.

You can trade on the funded account without a profit target.

And you get to keep 80% of the profits during the 30-day trading period.

As long as you don’t reach the maximum loss level, you will have the chance to regularly trade with your funded professional account.

>> Ready to get started with Fidelcrest? Click here to sign up now! <<

Who Can Get a Fidelcrest Funded Account?

The firm offers funded Fidelcrest accounts to new and experienced traders from all over the world.

However, you can only start making money from Fidelcrest after completing the challenge and the verification process.

You’ll also need to sign an agreement with the prop trading company to receive earnings from trades.

Fidelcrest only issues restrictions against trading robots and EAs.

Prop trading firms usually seek traders who buy and sell based on their own analysis instead of relying on automation.

You may be granted an exception if you can prove that using EAs and trading profits unlock your profitability capabilities.

Additionally, you cannot trade on Fidelcrest if you allow a third party to trade your account or copy trading, with the latter violating risk management policies.

Is Fidelcrest Legit?

Fidelcrest is a legitimate prop firm that features thousands of investors across the globe actively holding positions on popular financial markets using the firm’s capital.

The firm follows a rigorous validation process to ensure the legitimacy of all the traders who use the platform.

Fidelcrest LLC does not operate as a broker, meaning they do not hold or trade funds at any time.

All of the top brokers partnered with Fidelcrest are regulated by the Financial Conduct Authority (FCA).

Though Fidelcrest fully follows industry-standard protocols, all precautions must be taken when sharing sensitive information on this or any other prop trading platform.

>> Don’t wait… sign up for Fidelcrest TODAY! <<

What Are Some Fidelcrest Features?

Fidelcrest boasts a range of features that draws in top-tier talent within the investing space, including: 

  • Brokers and Instruments
  • Leverage Rates
  • Choice of Trading Platforms
  • Account Analytics and Automated Monitoring
  • Fair Profit Split
  • Trader Support

Keep reading our Fidelcrest review for more info on each one.

Fidelcrest review

Brokers and Instruments Review

There are seven top brokers you can trade with on Fidelcrest during each 30-day trading period.

The brokers include:

  • IC Markets
  • TradeView
  • XM
  • RoboForex
  • Blueberry Markets
  • Pepperstone
  • Purple Trading

The broker of your choosing should be one who can provide the financial instruments and the platforms you’re familiar with.

Each instrument that the brokers provide is eligible for trade.

Some of the instruments Fidelcrest offers include:

  • Cryptocurrencies
  • Forex
  • Metals
  • CFDs
  • Stock CFDs
  • Commodities

Fidelcrest review

Leverage Rates Review

All of the Fidelcrest accounts have a default leverage rate of 1:100.

The leverage rate applies to all brokers and traders from all countries.

Choice of Trading Platforms Review

As mentioned earlier, you can choose from three different platforms to trade on.

Fidelcrest offers cTrader, MetaTrader 4, and MetaTrader 5 to users.

The trading platform you use depends on the broker you work with.

Account Analytics and Automated Monitoring Review

Thanks to the proprietary software that Fidelcrest provides, their account analytics and automated monitoring feature allow traders to track their trading objectives and progress.

All key account metrics are in the Trader Area, and each account is consistently monitored each day, 24/7.

fidelcrest review

Fair Profit Split Review

You only pay a one-time fee using Fidelcrest, with no recurrent or hidden fees.

No membership fees are included when using the prop firm platform.

Traders on the prop trading outlet get a huge amount of profit with the fair profit split, more so than other prop firms, thanks to an 80% profit share.

Traders earn the first commission once they have completed the verification phase.

Trader Support Review

Fidelcrest is renowned for having a quality customer support team that features trader support members based in the Americas, Europe, Africa, and Asia to answer any traders’ queries.

According to their website, the prop trading firm’s customer support team is available 24/7 during each business day, and their average response time is one minute.

The easiest way to contact Fidelcrest customer support is through the firm’s live chat feature.

The live chat is always open on weekdays, and you can make chat requests via email.

However, the chat isn’t available on the weekends.

You can also contact Fidelcrest support teams through social media.

Fidelcrest review

>> Like what Fidelcrest has to offer? Sign up now! <<

What ProTrader Account Types Are Available?

The ProTrader program is designed for experienced traders with strong risk management skills and sound strategies.

You are expected to successfully manage and trade Fidelcrest’s capital — up to a million dollars per trader.

Professional traders receive a sign-up commission of up to $20,000 after completing the challenge and evaluation.

There are two types of ProTrader accounts that are available on Fidelcrest.

fidelcrest review

ProTrader Normal

The normal account comes with a normal risk with four ranges of initial capital: 

  1. $75,000 (with a €349 one-off evaluation fee)
  2. $150,000 (with a €549 fee)
  3. $250,000 (with an €849 fee)
  4. $500,000 (with a €1,499 fee)

There is a 10-trading-day minimum with this account, and the profit share is 70%.

The maximum loss and profit target are 10% each, and it gives traders access to all instruments.

ProTrader Aggressive

The aggressive account in the ProTrader program includes the $75,000 (€549 fee), $150,000 (€799 fee), and $250,000 (€1,399 fee) options — each offering an 80% profit share.

These packages also feature a maximum loss and profit target of 20%.

And like the normal account, you get access to all financial instruments available on Fidelcrest.

Fidelcrest Cancellation Policy

At any time, you may cancel delivered or undelivered services within 90 days from purchase with written notice.

The trading program fee will also be refunded to you during cancellation.

Traders can cancel purchased or delivered trading programs, then request a refund by contacting their customer service team at customersupport@fidelcrest.com.

The refund request must be made within a 14-day window from the purchase if the trader involved hasn’t started to trade on the account.

If the 14-day period passes, then the refund request will be rejected.

Traders will have to wait a maximum of three business days to get their money back during the cancellation process.

Fidelcrest Pros and Cons

Our Fidelcrest review found plenty of standout features, but there are some areas where the firm could improve.

Fidelcrest Pros

Trading Challenge – The Fidelcrest trading challenge and verification processes are very thorough, separating the savvier traders from those who need more practice.

Profit Split – With a profit split of 80%, Fidelcrest offers one of the biggest shares among prop trading firms.

Funding – You can get up to $400,000 in funding, and the funding options are favorable for newer traders who aren’t looking to risk too much.

Leverage Rates – The 1:100 leverage is another favorable figure for low-risk and aggressive traders alike.

Brokers and Platforms – With a wide range of brokers and trading platforms to choose from, traders get a good inside look at what the industry standard of trading looks like.

Customer Support – The customer support team is very responsive, immediately answering queries, and has strong user ratings from traders.

While there is no telephone support, you can reach the support team via live chat or email.

Fidelcrest Cons

Trading Period – The 30-day trading period limits the potential for long-term investments on Fidelcrest.

Reputation – While Fidelcrest continues to gain credibility, it has received its share of negative reviews due to complaints about its strict trading rules, terms and conditions as well as withdrawals.

Lack of Education Tools – New traders might find that the lack of educational resources leaves a lot to be desired.

However, Fidelcrest has a blog and a Q&A feature that answer many questions about various trading aspects.

>> Ready to start trading with Fidelcrest? Sign up HERE! <<

Fidelcrest Trader Reviews

Fidelcrest customer reviews tend to be generally positive. Let’s take a look at a couple from around the web. 

Fidelcrest review

FIdelcrest review

Fidelcrest Review: Is Fidelcrest Right for Me?

Whether you’re new to trading or are an established trader, Fidelcrest offers a lot to like.

One of the main draws to this firm is the flexibility of choosing your trading platform and the alluring 80/20 profit split.

The profit split alone could be enough to bump this prop firm higher on your shortlist, as many firms only offer 50/50.

While the service does attract many newcomers, it appears to be geared toward traders with some experience.

So if you’re an experienced trader or a novice who can quickly adapt, you might want to give Fidelcrest a closer look.

>> That’s it for our Fidelcrest review? Click here to sign up TODAY! <<

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Jenna Gleespen is a copywriter specializing in finance and investment finance. Originally from the United States, she now calls London, England home.