In today’s financial landscape, proprietary trading firms have become essential gateways for traders looking for high capital leverage and generous profit splits. Among these, Fidelcrest LLC has emerged as a noteworthy player. Established in 2018 and based in Cyprus, Fidelcrest offers a unique blend of value and flexibility for both aspiring and seasoned traders. This Fidelcrest review delves into the features, pricing, and the pros and cons of partnering with Fidelcrest, aiming to provide a comprehensive understanding of what sets this firm apart in the crowded field of proprietary trading.
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Overview: Understanding Fidelcrest
Founded in 2018, Fidelcrest LLC is a Cyprus-based proprietary trading firm that offers a unique opportunity for traders to get funded. Their evaluation process includes a trading challenge and a verification phase, which if successfully completed, allows traders to trade with Fidelcrest’s capital and earn up to a 90% profit split.
Features: Value and Flexibility Combined
Challenges & Verification: Fidelcrest offers two types of challenges—Normal and Aggressive—each with its own set of rules and profit splits. Successful completion of these challenges and verification phases enables traders to start trading with initial capital ranging from $15,000 to $1,000,000 depending on whether they qualify as a “Micro Trader” or “Pro Trader.”
Trading Flexibility: The firm provides a high degree of flexibility, allowing for copy-trading, news trading, and trading on weekends. Zero minimum trading days and no mandatory stop-loss or consistency rules add to this flexibility.
Platform Options: Fidelcrest supports both MT4 and MT5 trading platforms, which are popular and widely used in the trading community.
Customer Support: Exceptional customer support is one of the standout features of Fidelcrest. Traders can seek help via email, Facebook chat, or live chat, with the latter having an average response time of just one minute.
Pricing and Promo Codes
The fees for participating in Fidelcrest’s challenges range from €99 to €5,998, with add-ons. To further enhance the trading experience, Fidelcrest offers an exclusive promo code ‘MM-15,’ which provides a 15% discount. This promotion not only makes it more cost-effective to join the Fidelcrest community but also unlocks a series of unique features and benefits crafted to augment trading success. Whether a trader is navigating the initial steps in the financial markets or is a seasoned professional, the Fidelcrest promo code serves as an entryway to a more fruitful trading journey.
Is It Worth It? Pros and Cons
Reasonable trading objectives
Generous profit splits of up to 90%
Excellent customer support
Zero minimum trading days and weekend trading
MT4 & MT5 Platforms supported
Discourages inconsistent trading strategies
Given these features, Fidelcrest seems most suited for experienced traders who are capable of maintaining a consistent and profitable trading strategy. Inconsistency can lead to disqualification.
Top Forex Proprietary Trading Firms of 2023: A Comprehensive Guide
Although Fidelcrest is an excellent forex prop firm, it is not the only option on the market. This section aims to provide an insightful overview of the best forex prop trading firms, highlighting their unique benefits and operational methodologies:
Elite Trader Funding: In the rapidly evolving Forex market of 2023, various proprietary trading firms offer distinct advantages tailored to different trading styles and needs. One of the best instant funding forex prop firms, Elite Trader Funding is particularly suited for traders who are seeking significant funding amounts and minimal risk parameters. This firm specializes in Forex trading, providing a 90% to 10% profit split in favor of the trader. With no formal evaluation method, Elite Trader Funding emphasizes a clear path to profitability with adaptable high funding limits. A unique promo code ‘ETF4EVER’ offers traders a 65% discount. The firm is committed to nurturing skilled traders by supplying the initial capital and focusing on trader education.
FTMO: FTMO serves as another robust option, ideal for traders looking for an all-encompassing platform. FTMO deals in a variety of tradable assets, including forex, indices, cryptocurrencies, and commodities. It is one of the best crypto prop trading firms. Like Elite Trader Funding, it also offers a 90-10 profit split. FTMO differentiates itself by implementing a structured two-step evaluation process that focuses on a trader’s skill set and consistency. In addition, the firm provides a wealth of educational resources and places significant emphasis on risk management, making it a key player in the proprietary trading space.
City Traders Imperium: Last but not least, City Traders Imperium is rated as the top overall choice, particularly for traders who prefer more personalized trading strategies and approaches. The firm specializes in Forex and Indices with a flexible profit split ranging from 80% to 100%. What sets City Traders Imperium apart is its personalized evaluation method and a focus on meeting individual traders’ needs. A promotional code ‘CTI10%’ also provides a 10% discount. The firm stands out for its tailored trading strategies that cater to a diverse range of trading styles.
Whether you are an experienced trader or just starting out, these firms offer a myriad of options to match your trading objectives and preferences. You can also check out no evaluation prop firms, which skip the evaluation phase and allow you to trade right away.
Final Thoughts: Is Fidelcrest the Best Instant Funding Prop Trading Firm?
Fidelcrest brings a unique proposition to the table for traders who are looking to get funded. Their flexible rules, supportive customer service, and generous profit splits make it a compelling choice. However, it’s essential for traders to maintain a consistent strategy, as the firm values consistency. If you are an experienced trader looking for an opportunity to trade with substantial capital, Fidelcrest could very well be the best prop trading firm for you. Try it out today and see how Fidelcrest can jumpstart your trading journey.
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