This time, Forex Prop Reviews is here with another review for you. We will be talking about Fidelcrest since they have implemented some updates since we last reviewed them over eight months ago. Fidelcrest continued to grow in popularity and is becoming one of the more popular prop trading firm options for traders worldwide. That’s why we’re here to review Fidelcrest‘s positive and negative features and their trading objectives and rules. So, let’s dive into the Updated Review of Fidelcrest.
Fidelcrest Updated Review
Fidelcrest was established back in 2018. Now, they are located in Cyprus. They offer traders a chance to choose between different two-step evaluation accounts. Traders can manage up to one million dollars all the way up to two million dollars in USD while earning 80% up to 90% profit splits.
Funding Programs
Fidelcrest offers traders two different programs to choose from:
- Micro Trader evaluation program accounts
- Normal Micro Trader evaluation program accounts
- Aggressive Micro Trader evaluation program accounts
- Pro Trader evaluation program accounts
- Normal Pro Trader evaluation program accounts
- Aggressive Pro Trader evaluation program accounts
Their overall objective is to look for disciplined and experienced Traders.
Fidelcrest Normal Micro Trader Evaluation Program
So, let’s look first at Fidelcrest Normal Micro Trader evaluation program accounts. This is designed to give people an opportunity to test their trading skills and strategy before entering into bigger account sizing.
- In this account type, phase one requires a Trader to reach a profit Target of 5%. You’re required to hit your profit Target in 30 calendar days from the day you place your first position. You also have no minimum trading day requirements for evaluation phase two.
- Phase two here requires a Trader to reach a profit Target of 5% profit Target required in 60 calendar days. You also have no minimum trading days requirements in order to proceed to a funded account.
By completing both evaluation phases, you are awarded a funded account. There are no profit targets again. You’re just required to respect the maximum daily and maximum overall loss rules. Note that Micro Trader doesn’t have any available scaling plan at the moment.
Fidelcrest Aggressive Micro Trader evaluation program accounts
Fidelcrest Aggressive Micro Trader evaluation program account is another two-step evaluation account.
- In this account, phase one requires a Trader to reach a profit Target of 15 while not surpassing their ten maximum daily loss or 20 maximum overall loss rules. You are required to hit your profit Target 30 calendar days from the day you place your first position on your evaluation account. You also have no minimum trading day requirements in order to proceed to evaluation phase two.
- Phase two profit Target of 15. Traders can’t surpass the ten maximum daily loss or ten overall maximum loss rules. You should also hit your profit Target in 60 calendar days from the day you place your first position. You also have no minimum trading day requirements in order to proceed to a funded account.
After completing both evaluation phases, you are awarded a funded account with no profit targets. Traders are required to respect the maximum daily loss and maximum overall loss rules. Note that aggressive micro Trader evaluation accounts currently have no available scaling plan.
What makes Fidelcrest different?
Note the Fidelcrest Aggressive Micro Trader evaluation program account offers bonus options upon purchase of a funding program. You can choose between doubling your Capital, where you receive a free second account after making a profit with your funded account. Fidelcrest also offers a second chance for free, where you receive a second account for free if you fail your first challenge phase. This helps us differentiate them from other prop firms.
They differentiate themselves from other industry-leading prop firms because they have straightforward trading rules. The firm also has different accounts to choose from.
There is more information about the firm and more details about their programs along with the different perks they offer, So watch the Updated Review of Fidelcrest:
If you want to trade with them and start your trading journey, use our Discount Code (FPR-15) for a 15% discount. And you can also take a look at the Most Relevant Prop Firm Facts by clicking on the link.
