Where is Fidelcrest based? (2024)

Where is Fidelcrest based?

Fidelcrest is a prop firm located in Nicosia, Cyprus.

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Does Fidelcrest pay?

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.

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Which is the most trusted prop firm?

The most popular prop trading firms and funded programmes
  • Axi Select.
  • FTMO.
  • The Forex Funder.
  • E8 Markets.
  • True Forex Funds.
  • The 5%ers.
  • Funded Next.

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What is the rating of Fidelcrest?

Fidelcrest is a moderate-risk prop trading firm with the TU Overall Score of 6.43 out of 10.

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What is the best prop firm with instant funding?

FTUK is a reputable prop firm with instant funding accounts, which attracts seasoned traders who want to access large trading capital without a lengthy evaluation process. The funding range is from 14k to 5 million USD with a profit share of 80% and maximum leverage of 1:100.

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What is the first payout of Fidelcrest?

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)!

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Do prop firms really pay out?

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.

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Why is FTMO banned in the US?

FTMO have now restricted access to all new US-based traders as of January 2024. This appears to be related to regulatory issues and may have something to do with the recent My Forex Funds case.

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Which prop firm is better than FTMO?

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.

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What percentage do prop firms take?

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.

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What trading platform does Fidelcrest use?

Fidelcrest allows traders to trade on their preferred platform, MT4 or MT5, and provides excellent customer support.

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Is Fidel Crest regulated?

Is Fidelcrest regulated? No, Fidelcrest is not regulated.

Where is Fidelcrest based? (2024)
What can you trade on Fidelcrest?

Trade Forex, Indices, Metals, Commodities, Stocks and more! Fidelcrest Trading Challenge accounts have a leverage rate up to 1:100.

Which prop firm has the lowest fees?

Best cheap forex prop firms
  • 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.
Feb 27, 2024

Which prop firm is the oldest?

{quote} FTMO (unless you are a US citizen), The5ers, and City Traders Imperium are the three oldest prop firms, and probably the only ones with 5+yrs reputable history of reliable payouts. I'd start with those three.

What happens if you lose money in a prop firm?

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.

Does Fidelcrest allow hedging?

Trading Restrictions

For example, Fidelcrest prohibits traders from using hedging strategies, while FTMO does not allow traders to hold positions overnight.

What prop firms have no time limit?

Leading no-time-limit prop firms like FTMO, Smart Prop Trader, Blue Guardian, and FundedNext also stand out for offering high profit splits, funded accounts starting from just $500, advanced trading platforms, and valuable skill enhancement tools.

What is the 1 million prop firm account?

Traders are required to meet profit targets to complete a $1 million funded account prop firm challenge. These profit targets build the challenge program for traders to prove their skills, talent, and achieve their goals. Choose from a range of trading instruments including forex, crypto, stocks, indices, and metals.

What is the problem with prop firms?

Limited Control Over Capital and Payouts:

- Traders in prop firms often have limited control over the firm's capital. They may need to deposit their own money as collateral or risk management. - Additionally, payouts are subject to the firm's rules, which may restrict a trader's access to profits.

What is the failure rate for FTMO?

The FTMO challenge has a reputation for being extremely difficult to pass. Across FTMO's various account levels, it is estimated that only around 10% of traders are able to successfully complete the evaluation and become a funded trader. This means approximately 90% of those who attempt the challenge end up failing.

Can you make a living trading for a prop firm?

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.

Why are prop firms being shut down?

Therefore, when a funded trader makes profits – it costs the company money. The only way that traders can be paid is from other traders signing up and failing their prop firm challenges – This is literally a Ponzi scheme. Winners getting paid out because of losers. These firms will be shut down by the regulators.

Why are prop firms closing in the US?

Prop trading firms have been shutting down or suspending their services, particularly to U.S.-based clients, because of a crackdown from MetaQuotes, the company behind the popular MetaTrader trading platforms.

What happens if you lose FTMO money?

Loss of the FTMO Trading Account: FTMO sets maximum drawdown limits that traders must adhere to. If your account balance falls below this limit due to trading losses, FTMO may terminate the trading account, and you would no longer have access to their capital.

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