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Fidelcrest Review: Is it legit, safe and trustworthy for UAE citizens and residents?

Becoming a prop trader is a fantastic method to invest, since it provides the opportunity for bigger volumes at a lower level of risk. Prop trading company Fidelcrest LLC provides its employees with first-rate educational opportunities and a committed support staff. Learn how to become a funded trader with the Fidelcrest by reading this review, which covers topics like as the discount coupons that are currently available, the withdrawal process, and more. Visit FidelCrest Website.

Fidelcrest is a firm that specializes in prop trading that was established in 2018. They have more than 6,000 traders participating in market speculation, and these traders hail from over 170 nations. You will not be able to begin until you have paid the one-time charge and finished their challenge. You will be able to manage up to $400,000 and keep up to 80 percent of the profits if you are successful in the initial trading challenge presented by the company.

There is a wide variety of account sizes available at Fidelcrest, catering to investors of varying degrees of expertise and levels of investing commitment. Trading with their funds is possible using a variety of the best trading platforms and more than a thousand different trading instruments, including FX and cryptocurrencies.

When you initiate a position with Fidelcrest, the 30-day trading period begins, and it continues until you close out all of your positions. At the conclusion of the time, once all of your positions have been closed, you will find out if you made a profit or a loss overall for the period. You are free to use your own trading strategy during each period, whether it be news trading, swing trading, overnight position holding, or making use of stop-loss and take-profit orders.

Every Fidelcrest account comes standard with a leverage ratio of 1:100. You may also employ EAs if the particular platform permits their utilization. The Trader Agreement contains a comprehensive list of the company's stringent criteria, such as the maximum daily loss that is permitted and the minimum number of trading days. If you violate any of these guidelines, it is possible that your account will be terminated; thus, it is important that you read the fine print.

Fidelcrest offers a comprehensive verification procedure that is designed to verify that you have a reliable plan that is able to meet your profit goals. In order to become a qualified prop trader with the company, follow the procedures below:

MicroFX+ accounts are designed for tiny investors, and ProFX+ accounts are designed for professional investors. The 13 accounts that are available from Fidelcrest are categorized according to the amount of risk that the investor is comfortable with (Normal or Aggressive). For further information, please refer to the Accounts section that may be found below.

You may trade with a variety of brokers and platforms, including TradeView, IC Markets, XM, Pepperstone, RoboForex, Blueberry Markets, and Purple Trading. These seven brokers are listed below (MetaTrader 4, MetaTrader 5, cTrader). At the conclusion of every thirty day trading session, you are free to switch trading brokers and platforms.
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Finish the Fidelcrest Trading Challenge, if you dare! (Phase 1)
You will need to meet the minimum profit objective at the conclusion of the 30-day period in order to successfully complete the challenge, which will take place on a demo account. In the event that you are unable to make the desired amount of money, you may be eligible to receive a free additional attempt if you check out the incentives and referrals area.

You will need to accomplish the profit objective without hitting the maximum loss levels in order to finish the verification process. In addition, you will need to submit your KYC papers. Trading with real money gives you the opportunity to keep up to half of the earnings made by your trades.

As soon as you have successfully completed both the Challenge and the Verification phases, Fidelcrest will welcome you as an official prop trader. During the 30-day trading period, you will have the opportunity to trade on a funded account without being subject to any profit objectives, and you will be able to keep up to 80 percent of any gains you make. You will need to take precautions to ensure that your losses do not exceed the maximum amount that is permitted.

To take your trading to the next level, there are also a few of extra measures you need to perform, which are as follows:

You may sign up for the scaling plan by contacting the customer care team and letting them know that you are making progress with the professional account and would like to spend more. Whenever you have a total gain that is at least 15 percent for three consecutive months, you will be eligible for a 25 percent increase in the amount of funds you have available to invest.


There is no limit to the number of Verification and Professional accounts you can have. Therefore, if you feel confident using your account, you may begin the process again for higher capital thresholds by making the appropriate payment and completing the Challenge. This time, however, you will need to meet the higher capital threshold requirements.

Fidelcrest provides customers with the option to choose from one of thirteen distinct account types, which vary in terms of investment, level of investment expertise, and level of risk. Every account comes with access to more than a thousand different financial products and leverage trading of up to 100 to 1. The two primary trading programs are as follows:

MicroFX+: Because this program allows for lower account amounts, it is an excellent choice for getting started in foreign exchange, putting your strategy to the test, and honing your abilities in risk management. There is a cost of 99 for the lowest account, and there is a price of 199 for the most expensive account, which allows you to trade with up to $20,000 total.
ProFX+: If you are a seasoned trader who also has access to cash, you may utilize the ProFX+ accounts to make investments with a maximum of $400,000 in capital. There is a range of prices for account fees, starting at 349. In order for you to demonstrate your expertise, the Challenge and Validation that you participate in will have larger profit objectives than the MicroFX+ accounts have; however, you will also be provided access to bigger earnings.
Both the Normal and the Aggressive account types are available in both systems. The more risk you take with an aggressive account, the more potential losses you have, but also the more potential gains you may make. Before you sign up for an account in the Aggressive tier, you should make sure that you are comfortable with your talents.

The process of withdrawing money from Fidelcrest is really simple. Any profit made during a given trading term of 30 days will be moved to your Wallet at the end of that time. At any time, you may submit a withdrawal request, and there is no minimum amount that must accompany the request. The funds will be sent to you within three business days. There is a cost of 50 for any transfers made to bank accounts that are located outside of the SEPA area, which includes nations from the EU, the UK, and other countries. If you purchase your Challenge account using Bitcoin, you won't have to worry about this problem.

Since Fidelcrest does not assess a fee for maintaining your account on a monthly basis, you are eligible to keep up to 80 percent of any gains made at the conclusion of the 30-day trading term. If you use a professional account and end up losing money, you won't have to pay any fees or penalties for it. This presents a chance for you to enhance your technique in preparation for the subsequent trading season. If you have a loss that is more than the limit that is specified in the regulations, then your account will be closed.

Fidelcrest is not a broker; hence, it does not keep any funds and does not engage in any fund trading. All of the platforms that Fidelcrest has collaborated with are trustworthy and regulated by the FCA. However, regardless of whether or not the company follows the security measures that are typical in the business, we strongly advise exercising extreme caution while giving personal information or financial data.

There is a variety of feedback on Fidelcrest available online. It's important to read the regulations thoroughly before you start trading because the majority of the unfavorable reviews are from traders who have unwittingly broken the Trader Agreement.

You may get in touch with Fidelcrest by e-mail (support@fidelcrest.com), live chat, or the Facebook chat feature. Their live chat is available around the clock, seven days a week, with an average response time of one minute and a satisfaction rating of 95%.

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Fidelcrest also gives you the ability to communicate with other traders so that you may learn from their tactics. You may make a request to join the Telegram group, and once you're in, you can communicate with the highlighted traders.

If you purchase the MicroFX trading challenge and enter the promotional code "2NDFREE" during the checkout process, you will receive a free additional try if you are unable to meet the profit objective. In addition, once you have finished the MicroFX Challenge, the Evaluation cost that you paid will be repaid to the bonus wallet that you have created. You won't be able to cash it out, but it may be put toward the purchase of further challenge accounts.

Get in touch with the Fidelcrest customer service staff to obtain further information on discount codes and contests.

Prop trading with Fidelcrest comes with a number of benefits, including the following:

Customized to fit your needs: we provide 13 distinct accounts that vary according to your level of experience, the amount of risk you are willing to take, and the amount of cash you need. After gaining some experience, you'll be able to upgrade to a more powerful account without having to abandon your present one.
You may select the assets that you are comfortable trading on the platform that is appropriate to your strategy. The platform is flexible, as it features seven brokers and more than 1,000 financial instruments.
Risk: Because the money of the prop trading business are being invested, you are able to take greater bets without putting your own capital at risk.
Scaling program: Traders who are successful have the option to have their original capital increased by a factor of two through the scaling program.
Profit sharing: Fidelcrest provides traders up to 80 percent profit share. This is a greater sum than that offered by rivals such as FTMO.
Customer service Fidelcrest's customer service staff is known for their speedy responses and consistently receives high marks from satisfied customers.

The following are some of the drawbacks of conducting business with Fidelcrest:

Long-term investments are restricted to a 30-day trading period.
No telephone client assistance
Strict trading rules

Within the realm of prop trading, Fidelcrest provides some of the most generous profit sharing programs available. Additionally, the organization uses a stringent validation procedure in order to qualify potential investors. And despite the fact that the company has been criticized in online reviews for having stringent trade restrictions, giving the terms and conditions a thorough reading before signing up should help you escape any unpleasant surprises.

After demonstrating your expertise on a practice account, you will be able to trade with real money at Fidelcrest, which is a legal proprietary trading firm. The site boasts thousands of active traders from across the world.

Demonstrating that you can make a certain amount of money when trading on a practice account is one of the requirements to pass the Fidelcrest trading challenge. After reaching this milestone, you will be required to finish a sponsored verification phase. After that, you are given a professional account that allows you to retain up to eighty percent of the money you make.

To be able to prop trade for Fidelcrest, all that is required of you is to buy a Challenge account and finish it without failing. There is not a minimum required profit or a monthly charge that must be paid. The initial membership price starts at 99.

There are none of those kinds of regulations in place. Since Fidelcrest provides its services all over the world, the company has a sizable clientele comprised of active traders hailing from a variety of nations.

It is not necessary to regulate Fidelcrest as the company does not engage in the holding or trading of any money. Having said that, every single one of the brokers with whom they work is regulated by the FCA.

 

 

Reviewed by Arpita Singh

Arpita SinghArpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.