Fidelcrest is a proprietary trading firm founded in 2018 by Forex traders and professionals. The official incorporation of the firm took place in 2020. Fidelcrest welcomes ordinary traders to take on their verification challenge, and if they pass it successfully, they can manage up to $1,000,000 in capital from anywhere in the world.
Their headquarters are located at Arch. Makariou III & 1-7 Evagorou, MITSI 3, 1st floor, office 102 C 1065 – Nicosia, Cyprus.
FidelCrest Two Exciting Updates
Hello there, traders! Fidelcrest has some exciting not one but two Updates for you.
Due to increased demand, Fidelcrest is pleased to announce that Stop Loss is not mandatory. For any of the phases; phase 1, phase 2, or the funded phase. Instead of relying on a stop loss, it may be more beneficial for the traders to utilize risk management techniques such as diversification and position sizing. These techniques help reduce help risk and ensure that your capital remains balanced and aligned with your investment goals.
Using Stop Loss is a personal choice and should be based on your trading style and risk strategy. This means traders are free to trade without setting stop-loss limits. Although stop-loss can be used as a loss limitation tool, it does not guarantee that the sale will occur at the fixed stop price. So, Fidelcrest is allowing choosing the strategy that suits them the most.
Another update that Fidelcrest announced is that their platform allows copy trading (manually, without the software). This means you can copy your trades if you have more than one challenge account at Fidelcrest, or you can copy the trades of other professional traders and benefit from their expertise.
But please keep in mind that the maximum cumulative balance of your account is $2,000,000; therefore, your accounts or group of accounts overtake that initial balance.
Copy Trading is one of the most straightforward methods of capitalizing if you have a great strategy. Because you maintain complete control over the process, you can open and close trades at your discretion and potentially increase your profits.
We hope this update will help you make everyone’s trading experience more successful and enjoyable.
Lastly, since the two updates by Fidelcrest are great, don’t forget to use our discount code (FPR-15) to get a 15% discount if you are going to trade with them. And if you don’t know how to use the discount code, click on the link.