Fidelcrest Review

Fidelcrest is one of the latest forex prop firms joining the ever increasing league of prop firms in the world. It was established in the year 2018 with its location in Nicosia, Cyprus. According to the company, they exist to make life easy for retail traders by supplying them with large capital that would enable them to trade in the financial market. The company actively searches for traders with a strong knowledge of how the financial market works and funds them so they can succeed.

4/5
Fidelcrest Review

Fidelcrest review.

Fidelcrest is one of the latest forex prop firms joining the ever increasing league of prop firms in the world. It was established in the year 2018 with its location in Nicosia, Cyprus. According to the company, they exist to make life easy for retail traders by supplying them with large capital that would enable them to trade in the financial market. The company actively searches for traders with a strong knowledge of how the financial market works and funds them so they can succeed.

Is Fidelcrest legit?

The uncontrolled proliferation of forex props these days is a concern to many. This is because many of these prop firms are just out there to extort the traders and hence the need for traders to establish the legitimacy of a prop firm. That said, Fidelcrest appears to be legit but the issue is it does not have a widespread review compared to prop firms like FXTM. Nevertheless, the company has an average review of 3-4 over 5. This appears fair though. The company also has presence in Spain, Germany, Italy, and the likes.

And again the company boasts of having over 6000 investors. But in summary, we can say the company is legit but we cannot ascertain how excellent their service is because there are no widespread reviews.

What platforms are available to trade with Fidelcrest?

It is important at this point to know that Fidelcrest is not a forex broker and so they do not collect money to trade. That said, Fidelcrest gives money to traders to trade with a verifiable broker using any platform. So with Fidelcrest, you can trade with any platform of your choice. But they do have a preferred platform just like every other prop firm. The preferred platform is the meta trader 4.

How do I withdraw from Fidelcrest?

Just like every other prop firm with its specific rules of engagement, Fidelcrest also has its own rules of engagement to get withdrawal.  Firstly you need to hit the profit target of about 5%. This is lower than other platforms, it is good anyways as you won’t be under pressure to perform. As soon as you hit the target, then you can proceed to withdraw. There are different means to withdraw as you could use transfer card withdrawal and you can decide to be paid in crypto

What can I trade with Fidelcrest?

Fieldcrest allows you to trade a variety of assets including major currency pairs, exotic pairs, minor pairs, indices, stocks CFDs.

Can I trade crypto with Fidelcrest?

The answer is yes, Fidelcrest is one of the prop companies supporting crypto trading. They allow you to trade Cryptos with their capital.

Do they offer education and training?

Apart from the fact that they provide funds for traders to train, they also provide education. The company has a goal to search out potential good traders, train them to be ready to trade profitably and then equip them with the needed capital to win. But note that the quality of this education cannot be ascertained.

Do they charge commission and spread?

They don’t charge commission, traders earn commission from signing up on the platform. And because they are not a broker, they don’t charge spread.

Do they offer contact support?

Contact support is available via email, social media and their website. You would be readily attended to.

How does it work?

Fidelcrest is a forex prop firm providing funds to traders. The firm provides funds to traders all over the world. So it doesn’t matter where you are from, you can always register on their website. After you have registered, you then proceed to show yourself by going through their training and challenge which is often referred to as evaluation. In evaluation, you would be given some rules and regulations to meet up with it. Usually, you are expected to hit a profit target of 5% during the evaluation which may last for 30 days. In the same vein, the max drawdown is just 10%. If you stick to this for 30 days, you would be given access to a live account which you would trade choosing any broker. Typically you would be asked to keep up with a 5% profit target and max drawdown of 10%.

What makes them unique is that they are one of the prop firms that offer scaling opportunities to trading. That is, every time you hit the 10% target, they double your capital. And so traders can expect to trade with capital up to about 1 million US dollars

To learn more or sign up for Fidelcrest click here!

Advantages

Disadvantages

How does This prop Firm Work?

How much Capital do they provide and what are their prices?

Are They legit?

What platform do they use?

What markets can be traded?

Do They Trade Crypto?

How much does the company charge as commission and spread?​

What are Their Withdrawal Options?

Do they provide education and training?

Do they have Support and Contact options?

What makes them unique?