Having a profitable strategy is an amazing thing. It means that you have found something that works, and you can use it to your advantage. However, the downside to this is that if you don’t have enough assets to capitalize on your strategy, it can be very frustrating. You may have the best strategy in the world but without the assets to back it up, it won’t do you a bit of good. It can be very disheartening when you have the winning formula but can’t use it because you lack the resources. If this is your situation, keep reading!
Welcome to the Fidelcrest Review! Fidelcrest is a trading challenge that has been designed with the mission of helping traders maximize their potential and become successful in their trading efforts. The challenge is an online stock trading platform that allows participants to take advantage of simulated trading, real-time data, and expert guidance to build a portfolio with winning stocks and generate returns.
With a successful, profitable, and consistent trading strategy, you could become a funded trader for the Fidelcrest prop firm and manage an account of up to 2 million!
What is a Prop Trading Firm?
A prop trading firm, or proprietary firm is a financial services company that specializes in trading on behalf of its own account. The firm typically uses its own capital to take risks in the markets and can sometimes act as a broker or advisor for customer accounts.
Prop firms typically employ teams of traders or outsource trading activities to individual traders, who receive a percentage of the profits from successful trades. This type of firm is an attractive option for individual traders who want to take on greater risk in the markets without having to front their own capital.
Fidelcrest trading challenge is the first step to becoming a funded trader with Fidelcrest LLC, who currently provides capital for over 6,000 traders across 170 countries.
Fidelcrest Trading Challenge
Do you think you have what it takes to become a successful trader? Test yourself in the Fidelcrest Trading Challenge, where you can choose between Normal and Aggressive risk levels, which will dictate your profit target at either 10% or 20%.
Put your skills to the test by attempting this two-stage challenge. During the Trading Challenge phase, try out nearly any trading strategy or trading style, except for copy trading and robo trading. With an assortment of financial instruments including stocks, CFDs, cryptocurrencies, commodities, metals, and forex, test your mettle and see how far you can go by using the only supported platform – MetaTrader 4.
The trading challenge is separated into two different account types known as Micro Trader accounts, featuring starting capital of $10,000 up to $50,000. And Pro Trader account types, ranging from $150,000 up to $1,000,000 in starting capital.
The second stage is the Verification phase where you are given either 30 or 60 days to trade successfully while using consistent strategies across phases as conditions change. Fidelcrest claims to be the only prop firm on the market that will pay you for successfully completing the verification stage. This bonus option alone could be worth $30,000!
Depending on the account size and type, Fidelcrest provides clearly stated objectives in the following domains: minimum profit targets, trading days, maximum calendar days, maximum loss, maximum daily loss, commission potential, and profit splits.
Is Fidelcrest right for me?
If you’re looking for a funded trading account, Fidelcrest may be the best option for you–but only if you’re an experienced trader with excellent risk management skills and a stable strategy. With a challenging multi-step program, the aim of Fidelcrest is to make sure that those who receive funds are capable of handling the risks associated with trading.
As such, it’s difficult for novice traders to pass the challenge and be successful. For this reason, we recommend that inexperienced traders look to other sources for their trading needs. If however you have the skills and knowledge to take on more advanced trading strategies, Fidelcrest offers an excellent opportunity to secure significant funding and take your trading to the next level.
Fidelcrest is highly reviewed for having an incredible customer support team, able to serve traders across the globe.
Consistency is Key
The Fidelcrest Trading Challenge is an opportunity for traders to prove their trading skills and potentially receive funding to manage accounts. However, the importance of consistency when completing the challenge cannot be overstated.
Fidelcrest may disqualify traders who switch strategies too often, as they are looking for consistency with trading performance throughout all phases. It is essential that traders prepare a strategy and stick to it to increase their chances of success with the challenge.
Consistent strategies will boost a trader’s chance of becoming a funded trader with up to two million dollars in their account. Before starting the challenge, it’s important to research, prepare and plan out a consistent strategy that works best for you.
Fidelcrest claims that it can help traders learn how to use better risk management and technical analysis when trading, as well as provide them with simulated market conditions in which to practice their strategies. The platform also provides access to real-time financial data that can be used for analysis purposes, such as charting, technical indicators, and news events. But ideally these are skills you want to have already developed before fronting the money and betting on yourself.
Fidelcrest is an excellent opportunity for experienced traders who are looking for access to high amounts of trading capital. The company provides a challenging program that tests the skills of participants and rewards those who are successful with large amounts of funds and access to sophisticated trading tools.
However, it is not well-suited for beginners who do not have the necessary skills or experience to pass the challenge. If you are an experienced trader, Fidelcrest is a great way to take your trading to the next level, click here to try Fidelcrest today.
Also check out TopStepTrader, FTMO, and Earn2Trade.