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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 - January 22, 2022

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 Fidelcrest.

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.

Reviews of Fidelcrest

What Is Fidelcrest?

Fidelcrest is a prop trading firm founded in 2018 by the Fidelcrest Group of Companies.

It houses many forex traders and trading professionals with extensive brokerage experience.

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.

Its Aggressive Accounts allows Fidelcrest traders to take home an 80% profit share, making it one of the highest profit-sharing splits in the industry.

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

Where Is Fidelcrest Located?

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

Is Fidelcrest Legit?

Fidelcrest is a legitimate prop firm that works with thousands of investors across the globe.

It’s an especially solid firm for forex trading.

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

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

Is Fidelcrest Regulated?

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

As such, it does not need to be regulated.

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

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

Fidelcrest Funded Accounts

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 Micro (Micro Trader) accounts for small investors to use and test their strategy and risk management skills, which offer up to $25,000 in funding.

And there is the Pro (Pro Trader) program for larger investors to use, which offers up to $500,000 in funding.

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 lasts for 30 days.

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 Trader 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 engage in copy trading, with the latter violating risk management policies.

How Do I Get a Funded Trading Account?

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

These are the steps that you need to take to receive and maintain a funded account:

Funded Accounts on Fidelcrest 3 steps

Step 1: Sign Up for the Fidelcrest Trading Challenge

If you want a funded account, you’ll need to sign up for the Trading Challenge.

What is the Fidelcrest Trading Challenge?

It’s a challenge that verifies if you have what it takes to start trading with this prop firm.

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.

More on the Fidelcrest Trading Challenge

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

To pass 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.

Step 2: 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: Start Trading

After successfully completing the verification stage, you’ll be provided with a funded account.

It has an 80/20 profit split, and withdrawals can be made at the end of each 30-day trading period.

You can trade on the funded account without a profit target, but you cannot pass the maximum loss amount.

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

Fidelcrest Review: Features

  • Brokers and Instruments
  • Leverage Rates
  • Choice of Trading Platforms
  • Account Analytics and Automated Monitoring
  • Profit Split
  • Fidelcrest Customer Support
  • Fidelcrest Withdrawal

what's included with Fidelcrest

Brokers and Instruments

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

For the best experience, you might want to choose a broker that has the financial instruments and the platforms you’re familiar with.

Some of the instruments you can trade with include:

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

Fidelcrest trading instruments review

Leverage Rates

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

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

Thanks to the proprietary software that Fidelcrest provides, its account analytics and automated monitoring allow you to effortlessly track trading objectives and progress.

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

fidelcrest software

Profit Split

Fidelcrest accounts offer two profit splits, 70% and 80%.

Both of these are much higher than you’d find at most prop firms.

  • Micro Trader, Normal: 70% 
  • Micro Trader, Aggressive: 80%  
  • Pro Trader, Normal: 70% 
  • Micro Trader, Aggressive: 80%

This is one of the top draws to the firm, and few offer anything higher.

Fidelcrest Withdrawals

Withdrawals from Fidelcrest are simple and surprisingly quick. 

Here’s how it works.

After your 30-day trading period, profits will be sent to your wallet.

After that, all you need to do is make a withdrawal request, and within three business days, your funds will be transferred to you.

Many firms take up to seven days to fulfill a withdrawal request, so this is a nice change of pace.

To sweeten the deal, if you have a Pro Trader Account, you have access to bi-monthly withdrawals.

Fidelcrest Customer Support

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

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’s support team through social media.

Fidelcrest customer service ratings

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

How much Does Fidelcrest Cost?

There are 13 different funded accounts, so there are a ton of pricing options.

Keep reading because we’re going to break down each one. 

Micro Trader Accounts Pricing

Micro Trader Accounts are a great place to start for beginners who want to test out their strategies before taking on larger accounts.

Micro traders receive a sign-up commission of up to $1,875 after completing the challenge and evaluation.

There are two types of Micro Trader accounts, normal and aggressive.

micro trader normal account pricing

Micro Trader Normal

Micro Trader Normal Accounts come with a normal risk with three ranges of initial trading capital: 

  1. $10,000 (€99 fee)
  2. $15,000 (€149 fee)
  3. $25,000 (€199 fee)

micro trader aggressive account pricing

Micro Trader Aggressive

Micro Trader Aggressive Account fees include:

  1. $10,000 (€149 fee)
  2. $15,000 (€249 fee)
  3. $25,000 (€349 fee)

These packages also feature a maximum loss and profit target of 20% and 15%, respectively.

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

Pro Trader Accounts Pricing

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

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

There are two types of Pro Trader accounts, normal and aggressive.

pro trader normal account pricing

ProTrader Normal

ProTrader Normal Accounts come with a normal risk with four ranges of initial trading capital: 

  1. $75,000 ( €349 fee)
  2. $150,000 (€649 fee)
  3. $250,000 (€999 fee)
  4. $500,000 (€1,599 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.

pro trader aggressive account pricing

Pro Trader Aggressive

Aggressive Accounts in the Pro Trader program includes:

  1. $75,000 (€649 fee)
  2. $150,000 (€999 fee)
  3. $250,000 (€1,599 fee)

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.

How Much Can You Make with Fidelcrest

How much you make depends on how effectively you can wield your trading strategy.

With a 70/30 or 80/20 split, you have the potential to keep more of your profits compared to other firms.

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.

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.

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 highest profit-sharing schemes.

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.

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 and has solid user ratings from traders.

Cons

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

Strict Trader Agreement – Fidelcrest’s rules are not as flexible as other firms out there.

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

Plenty of prop traders give Fidelcrest high marks.

Check out what others have to say about this firm.

Fidelcrest ratings

FIdelcrest rating

Is Fidelcrest Worth It?

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 might be best for traders with some experience in the financial markets.

So if you’re an experienced trader or a novice who can quickly adapt, you should 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.