Does Fidelcrest pay out?
How Much Is The Fidelcrest Payout? All Challenges from Fidelcrest come with an 80% to 90% profit split. The 80% payouts apply to the Normal Strategy accounts. The 90% payouts apply to the Aggressive Strategy accounts.
Fidelcrest vs Other Trading Challenges
Additionally, Fidelcrest offers a profit split payout of up to 90%, which is higher than the industry standard of 50%. Another unique feature of Fidelcrest is that it allows traders to trade Forex and other CFDs like Indices, Metals, Commodities, Stocks, and Crypto.
Yes, prop firms do pay. While there are some scams out there popping up everyday, reputable prop trading firms like True Forex Funds, FTMO,5%ers,FundedNext are legitimate and pay traders according to their profit-sharing agreements. As for True Forex Funds, I can vouch for their credibility.
If you are a consumer, you have the right to withdraw from a contract without giving a reason within 14 days of its execution (see GTC clause 2.10 for details on the time of execution of the agreement).
The trading rules for the Fidelcrest Challenge are: 5% daily loss limit (Normal), 10% daily loss limit (Aggressive) 10% trailing drawdown limit (Normal), 20% trailing drawdown limit (Aggressive)
Fidelcrest is an award winning prop firm that funds traders worldwide with up to 2M in capital and offers generous profits splits up to 90%. Receive your first payout up to 30K in as little as 15 days just for passing the Challenge (Step 1) and Verification Phase (Step 2)!
Fidelcrest is a moderate-risk prop trading firm with the TU Overall Score of 6.43 out of 10.
Funding Pips and Maven lead the rankings with the most frequent pay-outs, offering transactions every 5 days. Close behind, Traddoo and Funded Trading Plus offer weekly pay-outs. Smart Prop Trader, with its 12-day pay-out cycle, caters to those with a trading style that can accommodate less frequent access to funds.
- Axi Select.
- FTMO.
- The Forex Funder.
- E8 Markets.
- True Forex Funds.
- The 5%ers.
- Funded Next.
Proprietary trading firms often provide evaluation accounts where you prove your trading skills. Usually, you pay a one-time fee to enter this "challenge." If you lose money during this evaluation, you won't owe anything beyond the initial fee.
Where is Fidelcrest based?
Fidelcrest is a prop firm located in Nicosia, Cyprus.
Can Americans join Fidelcrest? Yes. Fidelcrest is open to traders from all over the world, including the US.
Fidelcrest Traders trade +175 products with spreads and commissions designed for proprietary trading. Trade Forex, Indices, Metals, Commodities, Stocks and more! Fidelcrest Trading Challenge accounts have a leverage rate up to 1:100.
Traders can have a maximum Daily Drawdown of 5% from their starting equity (including all floating losses & profits). The 24-hour period starts at 00:00 GMT+3 server time . For example: If you have a starting balance of $200,000, 5% drawdown equals to a $10,000 loss.
Trading Restrictions
For example, Fidelcrest prohibits traders from using hedging strategies, while FTMO does not allow traders to hold positions overnight.
Drawdowns FAQs
By setting a 20% maximum drawdown level, investors can trade with peace of mind and always make meaningful decisions in the market that will, in the long run, protect their capital.
You should have read their rules carefully before starting. They have a margin limit of 2%.
Fidelcrest offers traders a range of account types to choose from, starting with Micro accounts. If you choose to trade the Micro accounts, you'll have a range of $5000-$20,000 to manage, depending on which funding option you decide on.
| Proprietary Trading Firm | No Time Limitation Requirement |
|---|---|
| Audacity Capital | ✅ |
| Axe Trader | ✅ |
| Bespoke Funding | ✅ |
| Blue Guardian | ✅ |
FunderPro: FunderPro is the most popular alternative to FTMO. It has a similar two-step challenge process, but the requirements are slightly more lenient. For example, the FunderPro Challenge requires a 10% profit target in 30 days, while the FTMO Challenge requires a 12% profit target.
Do prop firms really work?
Also known as “prop trading,” it offers higher earnings potential much earlier in your career than jobs like investment banking or private equity. It's arguably the most merit-based industry within finance: if you make millions of dollars for your firm, you'll earn some percentage of it.
Yes, as a funded trader with True Forex Funds, it is possible to make a living from prop trading firms. Proprietary trading firms, or prop firms, often provide traders with the opportunity to trade with the firm's capital, allowing them to access larger trading positions and potentially increase their profits.
- FTMO: evaluations starting at $399.
- TopStepTrader: Challenges starting at $375.
- T4tCapital: Flexible evaluation options starting at $299.
- Funded Trading Plus: Starting at $25.
- Earn2Trade: $99 Mini challenge.
- True Trading Group: $49 evaluation with a $25,000 virtual account.
| Proprietary Trading Firm | Payout Cycle |
|---|---|
| Axe Trader | Weekly |
| Bespoke Funding | Bi-weekly |
| Blue Guardian | Bi-weekly |
| Cash Flow Funding | Elite Challenge: Weekly Standard Challenge: Bi-weekly |
A prop trading firm looks to recruit talented traders and fund them with the company's capital. The funds that a trader makes, is then split between the trader and the company. The profit share is between 50 – 95%, with the trader taking the lion's share.
