Fidelcrest is a prop trading firm based in Nicosia, Cyprus. Founded in 2018, it has gained the trust of over 6,000 traders globally. Fidelcrest offers traders the opportunity to become funded traders through a multi-step evaluation process. This process includes the Trading Challenge and Verification stage, where traders must meet specific trading criteria. Traders have a wide range of trading options, including stocks, CFDs, cryptocurrencies, commodities, metals, and forex trading. One standout feature of Fidelcrest is its excellent customer support, with an average response time of only one minute.
Trustpilot reviews indicate a high level of satisfaction among traders, with an overall rating of 4.6 out of 5 stars. Customers frequently praise Fidelcrest’s customer service, fair challenge rules, and competitive drawdown percentages. However, some reviewers have raised concerns about the company’s response to queries and VAT charges for non-Cyprus residents. Despite these concerns, Fidelcrest is widely regarded as a legitimate prop trading firm in the forex trading industry.
Key Takeaways:
Fidelcrest is a trusted prop trading firm based in Cyprus.
Traders have the opportunity to become funded traders through Fidelcrest’s multi-step evaluation process.
Customers have access to a wide range of trading options, including stocks, CFDs, cryptocurrencies, commodities, metals, and forex trading.
Fidelcrest’s customer support is highly praised, with an average response time of only one minute.
While there have been some concerns raised by reviewers, Fidelcrest is generally considered a legitimate firm in the industry.
What is Fidelcrest?
Fidelcrest is a prop trading firm based in Nicosia, Cyprus. Founded in 2018, the company aims to provide traders with capital to maximize their trading potential. Fidelcrest offers traders the opportunity to become funded traders by successfully completing a multi-step evaluation phase. This phase consists of the Trading Challenge and Verification stage, where traders must meet specific trading criteria.
Fidelcrest provides a diverse range of trading options, including stocks, CFDs, cryptocurrencies, commodities, metals, and forex trading. Traders have the flexibility to choose between different challenge options based on their risk tolerance and experience level. The challenges offered by Fidelcrest have varying profit targets and maximum loss limits, tailored to the specific challenge selected by the trader.
One of the advantages of trading with Fidelcrest is the absence of a minimum trading days requirement, allowing traders to have the flexibility to trade on their preferred schedule, including weekends. The company’s website provides comprehensive details and transparent guidelines explaining the specifics of each challenge.
Overall, Fidelcrest serves as a prop trading firm that empowers traders by providing funding opportunities and a wide range of trading options to enhance their trading journey.
Funding Traders for Success
Fidelcrest’s primary objective is to fund traders and provide them with an avenue to showcase their trading skills. By passing the Trading Challenge and Verification stage, traders can become funded traders with access to live trading capital. This funding opportunity enables traders to maximize their potential returns and participate actively in the financial markets.
The Fidelcrest evaluation process ensures that funded traders meet specific criteria, promoting discipline and risk management in their trading strategies. With various trading options available, traders can explore different markets and instruments to diversify their portfolios and seek profitable opportunities.
Here’s a breakdown of the benefits and features offered by Fidelcrest:
Fidelcrest Overview
Fidelcrest offers traders the opportunity to become funded traders through its evaluation phases. These phases include the Trading Challenge and Verification stage, where traders must meet specific trading criteria.
The company provides a wide range of trading options, including stocks, CFDs, cryptocurrencies, commodities, metals, and forex trading. Traders have the option to choose between normal and aggressive risk challenges, depending on their risk tolerance and experience.
Fidelcrest prides itself on its excellent customer support, with multiple channels available for traders to reach out for assistance. The customer support team has an average response time of just one minute for the live chat feature.
The company’s website also features a blog with articles on various trading-related topics and occasional webinars for traders to enhance their trading skills. Fidelcrest also has a trading community where traders can share their experiences and advice.
For a comprehensive overview of Fidelcrest’s offerings, please refer to the table below:
Trading Options
Evaluation Phases
Customer Support
Stocks
Trading Challenge
Live Chat (1-minute response time)
CFDs
Verification Stage
Email Support
Cryptocurrencies
Facebook Chat
Commodities
Metals
Forex Trading
As shown in the table above, Fidelcrest provides a diverse range of trading options and ensures a strong focus on customer support, offering prompt assistance through live chat, email, and Facebook chat. Traders also have access to educational resources and the opportunity to connect with a trading community.
External Fidelcrest Review & Ratings
Fidelcrest has garnered positive reviews and earned high ratings across various external review platforms. On Trustpilot, the company boasts an impressive overall rating of 4.6 out of 5 stars, with a whopping 86% of reviewers awarding a perfect 5-star rating. These rave reviews reaffirm the company’s commitment to providing excellent customer service and fostering a conducive trading environment.
The reviews specifically highlight the outstanding customer support offered by Fidelcrest, with individuals like Elizabeth and Juan receiving commendation for their prompt and helpful assistance. Reviewers also appreciate the fair challenge rules implemented by Fidelcrest, ensuring transparency and fairness in the evaluation process. Additionally, the company’s competitive payout structure has garnered praise from traders, further enhancing its appeal.
Traders are particularly delighted with Fidelcrest’s unlimited retries, which allow them to improve their performance without incurring additional costs. This feature showcases the company’s commitment to supporting aspiring traders and fostering growth.
However, it is important to note that some reviewers have expressed dissatisfaction with the company’s response to queries and raised concerns regarding VAT charges for non-Cyprus residents. While these criticisms are relatively few and far between, they highlight areas where Fidelcrest can improve to further enhance trader satisfaction.
Overall, the majority of traders have had a positive experience with Fidelcrest, praising its exceptional customer support and fair challenge rules. These factors, combined with the high ratings and positive reviews, solidify Fidelcrest’s standing as a reputable prop trading firm in the forex trading industry.
Fidelcrest Plans and Pricing
When it comes to Fidelcrest, traders have the flexibility to choose from a variety of challenges, each with its own unique pricing structure. The cost of each challenge varies depending on the level of risk and potential reward.
Challenges and Pricing
Traders can select from the following challenges:
Micro Trader Challenge – €99 ($15k)
Standard Trader Challenge – €399 ($50k)
Advanced Trader Challenge – €1,299 ($200k)
Pro Trader Challenge – €2,499 ($300k)
Pro Trader Aggressive Challenge – €3,499 ($500k)
Each challenge comes with its own set of specifications, including profit targets and maximum loss limits. Traders have the flexibility to choose between normal and aggressive risk challenges based on their risk tolerance and desired profit split.
Unlimited Free Retries
One of the standout features of Fidelcrest is the unlimited free retries the company offers. This gives traders the opportunity to improve their performance without incurring any additional costs. Once a trader achieves the qualification criteria for a funded account, there are no additional membership fees to worry about.
With transparent pricing options and the ability to retry without any extra charges, Fidelcrest provides traders with a cost-effective way to pursue their goals in the prop trading world. This allows traders to focus on enhancing their trading skills and achieving their full potential.
Fidelcrest Trader Support and Resources
At Fidelcrest, we understand the importance of providing our traders with comprehensive support and valuable resources to enhance their trading experience. We are committed to helping our traders succeed in their trading challenges and achieve their financial goals. As a result, we offer a range of support channels and educational resources to cater to their needs.
Our dedicated customer support team is available to assist traders through multiple channels, ensuring prompt and efficient assistance. Whether it’s through our live chat feature, email, or Facebook chat, our team is ready to address any questions or concerns that traders may have. We take pride in our average response time of just one minute, providing traders with the support they need when they need it most.
When it comes to educational resources, Fidelcrest offers a wealth of knowledge through our informative blog. Our blog covers a variety of trading-related topics, including market analysis, trading strategies, risk management, and more. We strive to provide valuable insights and practical tips that can help traders improve their trading skills and make informed decisions.
Additionally, we occasionally host webinars where experienced professionals share their expertise and insights with our traders. These webinars offer a unique opportunity to learn from industry experts and gain valuable insights into successful trading strategies and techniques.
For real-time trading tips, market news, and other useful information, be sure to follow our active social media channels. We regularly share valuable content that can assist traders in making informed trading decisions and staying updated on market trends.
Furthermore, Fidelcrest has created a dynamic trading community where traders can connect with each other, share experiences, and learn from one another. Our trading community serves as a valuable resource for traders to network, collaborate, and gain insights from fellow traders who have experienced similar challenges and successes.
Overall, at Fidelcrest, we prioritize the support and resources we provide to our traders. We understand that success in trading goes beyond just capital, and that’s why we are passionate about equipping our traders with the knowledge, tools, and support they need to thrive.
High-Quality User Experience at Fidelcrest
Fidelcrest prioritizes delivering a high-quality user experience to its traders. With a focus on user-friendly design and efficient customer service, Fidelcrest ensures a smooth and enjoyable trading journey.
Intuitive Onboarding Process
The onboarding process at Fidelcrest is designed to be simple and straightforward. Traders can easily navigate through the application and account setup, reducing any potential friction when getting started.
Clear and Intuitive Challenge Rules
The challenge rules at Fidelcrest are presented in an intuitive manner, allowing traders to quickly grasp the requirements and guidelines. This clarity ensures that traders can focus on their trading strategies and goals without confusion.
Responsive Customer Service
Fidelcrest’s customer service team is known for its professionalism and quick response times. Traders can rely on prompt assistance, ensuring their concerns are addressed in a timely manner. Whether through live chat, email, or other channels, Fidelcrest’s customer service team is always ready to provide support.
User-Friendly Platform and Website
The Fidelcrest platform and website are designed to provide a user-friendly experience. Clear navigation and an organized interface make it easy for traders to access important information and navigate through different features. The platform’s user-friendly design allows for a seamless trading experience.
Key Features of Fidelcrest’s User Experience
Benefits
Intuitive onboarding process
Simplified account setup for a hassle-free start
Clear and intuitive challenge rules
Enables traders to focus on trading strategies without confusion
Responsive customer service
Quick and professional assistance in addressing trader concerns
User-friendly platform and website
Effortless navigation and access to essential information
In summary, Fidelcrest’s commitment to providing a high-quality user experience is evident through its intuitive onboarding process, clear challenge rules, responsive customer service, and user-friendly platform. Traders can confidently engage with the platform, knowing that their experience is a top priority.
The Broader Forex Trading Landscape
In the forex trading industry, there are several prominent prop trading firms and funding providers that offer opportunities for traders to access live trading capital. One such firm is Fidelcrest, which is widely recognized as a leading player in the industry. Alongside Fidelcrest, other reputable firms include Alpha Capital Group, FTMO, and Blue Guardian Capital.
These prop trading firms play a crucial role in the forex trading ecosystem by providing funding to traders who possess the necessary skills but may lack the necessary funds to trade with. Through these firms, traders can secure the capital they need to execute their trading strategies and potentially achieve financial success.
When considering a funding provider, there are several factors that traders should take into account. Firstly, the amount of funding offered is an important consideration. Different firms may have varying levels of funding available, so it’s crucial to choose one that aligns with your trading goals and capital requirements.
The fee structure is another key factor to consider. Some firms may charge upfront fees, while others may take a percentage of the profits generated by the trader. Understanding the fee structure is essential for effectively managing your trading costs and maximizing your overall profitability.
Additionally, the trading platform and brokerage arrangements provided by the funding provider should be carefully evaluated. Ensure that the platform offered is user-friendly and suitable for your trading needs. It’s also important to consider the quality of the brokerage services and the associated costs, such as spreads and commissions.
While Fidelcrest has garnered positive reviews and established a solid reputation in the industry, it is crucial for traders to conduct their own research and due diligence before making any investment decisions. Each trader’s needs and preferences may vary, so it’s important to choose a funding provider that aligns with your specific trading goals and requirements.
Prop Trading Firms
Leading Funding Providers
Fidelcrest
Alpha Capital Group
Alpha Capital Group
FTMO
FTMO
Blue Guardian Capital
Blue Guardian Capital
Fidelcrest
By considering these factors and conducting thorough research, traders can make informed decisions when choosing a prop trading firm and funding provider in the forex trading industry.
Key Considerations
Before choosing a prop trading firm like Fidelcrest, it’s essential to consider several key considerations that will help you make an informed decision. By evaluating these factors, you can ensure that the firm aligns with your trading goals and preferences.
Funding Options
One of the primary considerations is the funding options offered by the prop trading firm. Different firms provide varying levels of buying power, giving traders access to different capital amounts. Consider your trading strategy and the amount of capital you require to effectively execute your trades.
Fee Structure
Reviewing the fee structure is crucial to managing your trading costs effectively. Some prop trading firms charge upfront fees, while others may take a percentage of your profits. Understand the fee structure and assess how it aligns with your trading style and profitability expectations.
Platform and Brokerage Arrangements
Ensure that the firm’s trading platform meets your needs and preferences. The platform should offer a user-friendly interface, advanced tools and features, and smooth execution of trades. Additionally, verify that the firm’s brokerage arrangements, including spreads and policies, align with your trading strategy and preferred financial instruments.
Taking these key considerations into account will help you select a prop trading firm that best suits your trading requirements and maximizes your potential for success.
Final Verdict: Is Fidelcrest a Scam?
Based on the overwhelming evidence, Fidelcrest is considered a legitimate prop trading firm in the forex trading industry. The company has received positive reviews and high ratings from trusted review platforms like Trustpilot. The majority of traders have had a positive experience with Fidelcrest, citing its excellent customer support, fair challenge rules, and competitive drawdown percentages.
However, it is important to approach any investment opportunity with caution and do thorough research before making a decision. While Fidelcrest has a strong reputation, it is always wise to conduct your own due diligence and consider your personal risk tolerance and investment goals. Investing in the forex market involves inherent risks, and success is not guaranteed. It is crucial to be well-informed and make informed decisions based on your own judgment.
Ultimately, the legitimacy of Fidelcrest is supported by the positive feedback and reviews from traders who have experienced their services. While no investment opportunity is without risk, Fidelcrest has established itself as a reputable prop trading firm in the industry. As with any investment decision, it is essential to carefully consider your own circumstances and consult with professionals before engaging in trading activities.
FAQ
Is Fidelcrest a legitimate prop trading firm?
Yes, Fidelcrest is considered a legitimate prop trading firm in the forex trading industry.
What is Fidelcrest?
Fidelcrest is a prop trading firm based in Nicosia, Cyprus that offers traders the opportunity to become funded traders by passing a multi-step evaluation phase.
What does the evaluation phase at Fidelcrest consist of?
The evaluation phase at Fidelcrest consists of the Trading Challenge and Verification stages, where traders must meet specific trading criteria.
What trading options does Fidelcrest provide?
Fidelcrest provides a wide range of trading options, including stocks, CFDs, cryptocurrencies, commodities, metals, and forex trading.
How is Fidelcrest’s customer support?
Fidelcrest has excellent customer support, with an average response time of only one minute.
What are the reviews and ratings for Fidelcrest?
Fidelcrest has received positive reviews and high ratings on platforms like Trustpilot, with an overall rating of 4.6 out of 5 stars.
What are the pricing options for Fidelcrest’s challenges?
Fidelcrest offers a range of challenges with different pricing options, ranging from €99 ($15k) to €3,499 ($500k).
What resources and support does Fidelcrest provide to traders?
Fidelcrest provides valuable support and resources to traders, including a dedicated customer support team, a blog, occasional webinars, and a trading community.
Does Fidelcrest provide a user-friendly experience?
Yes, Fidelcrest focuses on providing a high-quality user experience, with a user-friendly platform, clear navigation, and excellent customer service.
What is the broader forex trading landscape like?
Fidelcrest is considered one of the leading prop trading firms, standing alongside reputable firms like Alpha Capital Group, FTMO, and Blue Guardian Capital.
What are the key considerations when choosing a prop trading firm?
Key considerations include funding options, fee structure, and platform and brokerage arrangements.
Is Fidelcrest a scam?
No, Fidelcrest is not a scam. It is a legitimate prop trading firm with positive reviews and a solid reputation in the industry.
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