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Anmeldungsdatum: 05.02.2023
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 Verfasst am: 22. März 2023 07:03 Titel: Fidelcrest Review 2023 |
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Fidelcrest Review 2023
Becoming a prop trader is a great way to invest with higher volumes and reduced risk. Fidelcrest LLC is a prop trading firm with excellent training programs and a dedicated support team. Read this review to learn how to become a funded trader with the Fidelcrest, including the discount codes on offer, the withdrawal process, and more.To get more news about fidelcrest, you can visit wikifx.com official website.
What Is Fidelcrest?
Fidelcrest is a prop trading company founded in 2018. They have more than 6,000 traders from over 170 countries speculating on the markets. To get started, you need to pay a one-off fee and complete their challenge. If you pass the firm’s initial trading challenge, you could manage up to $400,000 and keep up to 80% of profits.
Fidelcrest offers serious flexibility, with a range of account sizes to suit different experience and investment levels. You can trade their funds through a range of top platforms and more than 1,000 trading instruments, including forex and cryptos.
Trading With Fidelcrest
Fidelcrest operates in 30-day trading periods, which start the moment you open your first position. All your positions should be closed at the end of the period, which is when the final profit or loss is calculated. During each period you can follow your own strategy, which could include news trading, swing trading, holding positions overnight and using stop/loss orders.
All Fidelcrest accounts come with 1:100 leverage. You can also use EAs if allowed by the respective platform. The firm has a strict set of rules, detailed in the Trader Agreement, including the maximum daily loss allowed and minimum trading days. Breaking any of these rules could lead to your account being cancelled, so make sure to read the small print.
Getting Started
Fidelcrest has a thorough verification process to ensure you have a consistent strategy capable of hitting profit targets. Follow these steps to become a qualified prop trader with the firm:
1. Choose An Account
Fidelcrest offers 13 different accounts, depending on your preferred risk level (Normal vs Aggressive) plus your experience and funds (MicroFX+ accounts for small investors vs ProFX+ accounts for professional investors). Check out the section on accounts below to learn more.
2. Choose A Broker
You can trade with seven different brokers (TradeView, IC Markets, XM, Pepperstone, RoboForex, Blueberry Markets, Purple Trading) and several platforms (MetaTrader 4, MetaTrader 5, cTrader). You can change brokers and platforms at the end of each 30-day trading period.
3. Complete The Fidelcrest Trading Challenge (Phase 1)
To complete the challenge, which happens on a demo account, you will need to reach the minimum profit target at the end of the 30-day period. If you do not reach the target profit, you might be able to get a second try for free – check the rewards and referrals section for more.
4. Complete The Funded Verification (Phase 2)
To complete verification, you will need to reach the profit target without reaching the maximum loss levels and submit your KYC documents. You can trade with real funds and earn up to 50% of the profits.
5. Trade With Your Professional Account (Phase 3)
Once you complete the Challenge and the Verification stages, you are officially a prop trader for Fidelcrest. You will be able to trade on a funded account without profit targets and keep up to 80% of the profits during the 30-day trading period. You will need to make sure you don’t reach the maximum allowed losses.
There are also a couple of additional steps to take your trading to the next level:
6. Scaling Up
If you’re progressing with the professional account and would like to invest more, you can the contact customer service team and sign up for the scaling plan. With this plan, you receive a 25% increase in capital every time you have a total gain of at least 15% for three consecutive months.
7. Moving On To Bigger Account Sizes
You can have multiple Verification and Professional accounts. Therefore, once you are comfortable with your account, you can start the process again for larger capital thresholds by paying the corresponding fee and completing the Challenge. |
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