Fidelcrest Review: Is Fidelcrest Scam or a Good Prop Trading Firm?

Prop trading firms have rapidly gained popularity among traders looking for opportunities to leverage capital and scale their trading endeavors without risking their own money. Among these firms, Fidelcrest has emerged as a noteworthy contender, attracting traders worldwide with its unique offering and growth-centric approach. But, as with any financial venture, traders are naturally cautious and want to know: Is Fidelcrest genuinely a reliable firm, or is it a scam?

In this comprehensive review, we will dive deep into what Fidelcrest is, how it operates, its offerings, advantages, potential drawbacks, and most importantly, whether it stands up as a legitimate, trustworthy prop trading firm or raises red flags.

Let’s embark on this detailed analysis with the understanding that your goal is to make an informed decision based on facts, transparency, and real-world insights.

What is Fidelcrest? An Overview

Fidelcrest is a proprietary trading firm that provides traders with the capital to trade various financial instruments, including forex, commodities, indices, and cryptocurrencies. The company operates on a profit-sharing model, where traders are given an opportunity to manage large amounts of capital after passing specific evaluation processes.

Founded relatively recently compared to some long-standing firms, Fidelcrest has quickly gained a reputation for offering competitive evaluation programs, flexible trading rules, and competitive profit splits. It aims to connect talented traders with a consistent source of growth capital—thus eliminating the need for traders to risk their personal funds.

The Core Business Model

Fidelcrest’s business model revolves around assessment phases:

Evaluation Phase: Traders must pass specific trading challenges or evaluations that test their skills, discipline, and risk management.
Propagation of Traders: Successful traders are then granted access to trading with Fidelcrest’s capital, and they share a portion of the profits generated.

This model is typical of proprietary trading firms, which essentially act as intermediaries between talented traders and the financial markets, banker-style, providing capital in exchange for a share of the profits.

Product Offerings and Evaluation Programs

Fidelcrest’s offerings are primarily designed around its evaluation and trading programs. These are structured to be approachable for traders at different skill levels, with a focus on flexibility.

Evaluation Phases Overview

Fidelcrest currently offers at least two main evaluation programs:

Fidelcrest Challenge (or Direct Evaluation): Traders take on a challenge by demonstrating their ability to trade within set risk limits over a period, typically 30 days. Successful completion grants access to trading capital.
Instant Funding/Express Programs: Some firms offer quicker or less strict evaluation options, and Fidelcrest is reportedly working on expanding these avenues.

Program Details

Key features of their evaluation programs include:

Profit Targets: Usually around 8-10% during the evaluation period.
Maximum Drawdown Limits: Typically 5-10%, depending on the specific challenge.
Trading Flexibility: Traders can usually choose their preferred trading styles—scalping, day trading, swing trading—subject to certain guidelines.
Trade Instruments: Forex, commodities, indices, and cryptocurrencies.
Account Size & Scaling: Starting accounts might range from $25,000 to $200,000+ depending on the evaluation package, with profit splits increasing as traders scale.

Profit Sharing & Payout Structure

Fidelcrest generally offers a profit split of 70-80% in favor of the trader. They also support monthly payouts, making the arrangement transparent and predictable for traders.

How Does Fidelcrest Differ from Other Prop Trading Firms?

Understanding how Fidelcrest stands out is vital to judging its credibility:

Flexible Evaluation Rules: Compared to some firms that impose rigid constraints, Fidelcrest offers notable flexibility, including multiple evaluation options and relatively high profit targets.
Trading Styles: Their program supports various trading styles, from scalping to swing trading, which appeals to different trader profiles.
Account Scaling Models: Many firms scale accounts based on consistent performance, which Fidelcrest supports, fostering genuine professionalism.
Transparency & Support: Early user reviews indicate that Fidelcrest maintains transparent processes and reasonably responsive customer support, which is crucial in avoiding scams.

Is Fidelcrest a Scam? Critical Examination

When evaluating whether any prop trading firm is legitimate or fraudulent, the following criteria are fundamental:

Regulation & Licensing: Most proprietary trading firms operate outside direct regulation, but they should still follow legal & financial transparency standards.
Business Transparency: A legitimate firm clearly communicates its terms, fee structure, and operational processes.
User Feedback & Reputation: Feedback from actual traders, online forums, and reviews can reveal the truth.
Withdrawal & Profitability Conditions: Reputable firms have straightforward payout policies with no arbitrary restrictions.
Red Flags: Hidden fees, vague terms, delayed payouts, or refusal to communicate raise concerns.

Is Fidelcrest Regulated?

As of now, Fidelcrest operates as a private proprietary trading firm without direct regulation from financial authorities like the SEC or FCA. This is typical of many prop firms. However, this alone doesn’t underscore illegitimacy if the firm’s practices are transparent, and they respect their traders’ rights.

Common Scam Traits & How Fidelcrest Measures Up

Promises of Guaranteed Profits: Fidelcrest does not promise guaranteed profits, which is a positive sign.
Upfront Fees: The firm charges for evaluation programs, which is standard in the industry; however, these should be transparent.
Payout Clarity: Successful traders report timely payouts, which increases credibility.
Risk Management: The rules are clear about risk limits, and traders are held accountable for adhering to them.

Online Trader Experiences

Most reviews from traders indicate that Fidelcrest offers a genuine opportunity to trade with actual capital, with many expressing satisfaction with profit splits and support. There are no prominent allegations or evidence of fraudulent behavior.

Pros and Cons of Trading with Fidelcrest

Advantages

High probability of gaining access to capital through evaluation programs.
Flexible trading rules accommodating different styles.
Competitive profit splits and transparent payout policies.
Structured scaling opportunities for consistent performers.
Diverse instrument offerings across forex, commodities, indices, and crypto.
No unreasonable restrictions during live trading.

Potential Drawbacks

Upfront fees for evaluation, which might deter some traders.
No regulation from a financial authority, implying reliance on reputation and trust.
Risk of early disqualification if trading rules are not followed.
Limited brand longevity compared to older firms—scarcity may be a concern for some traders seeking proven long-term reliability.
Possible platform limitations depending on the trader’s broker or trading platform compatibility.

The Application & Trading Process: What to Expect

If you’re considering to trade with Fidelcrest, here’s what the process typically involves:

Choose an Evaluation Package: Select the package that suits your trading style and capital aspirations.
Pay the Evaluation Fee: Make the payment—fees vary depending on account size.
Complete the Evaluation: Trade within set parameters for a designated period, usually 30 days.
Pass the Evaluation: Meet or exceed profit targets without breaching risk limits.
Receive Funded Account: Gain access to a live trading account funded by Fidelcrest.
Start Trading with Real Capital: Trade in live markets, aiming to generate profits while remaining within risk parameters.
Profit Sharing & Withdrawals: Share profits per the agreement, and submit withdrawal requests as per platform rules.

Risk Management & Trading Tips on Fidelcrest

While Fidelcrest’s structure provides opportunities, success relies heavily on trader discipline:

Strict Risk Control: Always follow the prescribed maximum drawdown limits; hitting these limits means failure.
Trade Consistently: Avoid impulsive decisions—stick to your strategy.
Monitor Performance: Regularly assess your trades to ensure compliance.
Plan for Drawdowns: Even disciplined traders face losing streaks; protect your capital.
Adopt a Profitable Trading System: Whether scalping or swing trading, if your system is consistent, Fidelcrest can amplify your gains.

Cost Analysis: Is Fidelcrest Worth It?

Assessing whether the costs associated with Fidelcrest are justified depends on your trading goals:

Evaluation Fees: Usually range from $50 to several hundred dollars. These are essentially investment costs for the opportunity to trade with large capital.
Profit Split: Typically 70-80%, which is fair and competitive.
Platform & Data Costs: You might need to account for continuous platform or data subscriptions, which are side costs.

Is it worth it? For skilled traders who can pass evaluations and have a plan to scale, Fidelcrest offers excellent opportunities for profit magnification without risking personal capital.

Final Verdict: Is Fidelcrest a Scam or a Good Prop Trading Firm?

Based on comprehensive analysis, Fidelcrest appears to be a legitimate and reputable prop trading firm. While it operates outside regulated environments—common among many prop firms—it adheres to transparent procedures, maintains consistent feedback from traders, and offers a genuine pathway for talented traders to capitalize on their skills.

It’s vital for prospective traders to remember that success in prop trading involves discipline, adherence to risk rules, and strategic trading. Fidelcrest provides the infrastructure and opportunity, but it ultimately hinges on the trader’s ability.

Therefore, if you’re an experienced trader who values flexibility, fair profit sharing, and a structured evaluation process, Fidelcrest is likely a good choice. Always do your due diligence, start with smaller accounts, and aim for consistent performance before scaling up.

Frequently Asked Questions (FAQs)

1. Is Fidelcrest regulated by any financial authority?

No, Fidelcrest does not hold regulation from any official financial authority. Most prop firms operate unregulated; their legitimacy is based on reputation and operational transparency.

2. What are the main costs involved when signing up?

The primary costs are evaluation or challenge fees, which vary from approximately $50 to a few hundred dollars depending on the account size and program.

3. How much can I earn trading with Fidelcrest?

Earnings depend on your trading skills, risk management, and account size. Successful traders can earn a significant portion of the profits, especially as they scale, often reaching tens of thousands of dollars per month.

4. Can I use my preferred trading platform?

Fidelcrest generally supports popular trading platforms like MetaTrader 4 or 5, but traders should verify compatibility before signing up.

5. What happens if I breach the risk limits?

Failure to adhere to risk parameters typically results in disqualification from that evaluation and forfeiture of the funding opportunity.

6. How are profits split?

Profit splits usually range from 70% to 80% in favor of the trader, with details specified upon account activation.

7. Is there a payout limit?

Most trader accounts allow monthly payouts, with specific limits depending on the account size and profit levels.

8. Can I trade cryptocurrencies with Fidelcrest?

Yes, Fidelcrest supports cryptos alongside other asset classes, subject to platform availability and broker compatibility.

9. Are there any hidden fees?

Transparency appears high; however, always read the terms thoroughly to avoid unexpected costs, especially relating to withdrawal fees or platform charges.

10. Is Fidelcrest suitable for beginner traders?

While newer traders can participate, the evaluation’s profit targets and risk limits make it more suitable for intermediate or advanced traders with solid risk control and trading strategies.

Final Thoughts

Fidelcrest’s model aligns well with traders seeking a credible path to trading with substantial capital without personally risking large sums. Its transparent evaluation process, competitive profit splits, and trader-friendly rules help it stand apart from less reputable options.

As with any financial opportunity, combat complacency with due diligence. Remember that success in prop trading is not guaranteed—discipline, strategy, and continuous learning remain pivotal.

If you’re a dedicated trader with the capability to pass evaluations and manage risk, Fidelcrest can be a valuable partner in scaling your trading career. Always approach it responsibly, treat it as a professional venture, and aim for steady, consistent performance.

Disclaimer: This review is based on available information up to early 2023. Traders should independently verify terms and conditions before engaging and consider seeking advice from financial professionals.

Fidelcrest Review : Is Fidelcrest Scam or Good Prop Trading Firm