How to get funded with Fidelcrest prop company?
To get funded with Fidelcrest prop company, traders must pass a comprehensive evaluation process that tests their trading skills and risk management. Once approved, traders can access a funded trading account with up to $400,000 in buying power and a competitive profit split.
With so many prop companies coming in, it can be quite a tough decision to understand which one you should move ahead with. If you want to get funded sooner, check out the Fidelcrest funded trader programs. In this article, we will be discussing everything you must know about Fidelcrest funded trading accounts to become a funded trader with Fidelcrest.
Fidelcrest Website
How do you become a funded trader?
To become a funded trader with Fidelcrest, you need to follow these steps:
Register an account: Create a Fidelcrest trading account and complete the registration process. Choose the plan.
Pass the evaluation process: Fidelcrest evaluates traders based on their skills and experience. You will need to pass their evaluation process to be eligible for funding.
Get funded: If your evaluation and trading plan are approved, Fidelcrest will provide you with funding to trade.
Trade and grow your account: Use the Fidelcrest funded trading account to trade and grow your account. Fidelcrest will monitor your trading performance and adjust the funding amount based on your results.
How long does it take to become a funded trader?
The Fidelcrest funded account program gives traders 30 days to become funded. The minimum number of trading days is 1. As long as the traders aren't hitting the daily dropdown limit and securing the 5% profit in Phase 1 and Phase 2, they can become the funded trader.
It's important to note that becoming a funded trader with Fidelcrest is a competitive process, and not all applicants will be approved. It's recommended to thoroughly prepare your trading plan and demonstrate your trading skills and experience to increase your chances of being approved.
Best Forex Prop FirmsFidelcrest audition review
Two types of Fidelcrest funded programs are Pro Trader Program and Micro Trader. Each of these is further divided into two categories depending on the risks- Normal Risk and Aggressive Risk; the trader will get the flexibility of making a choice. They will need to make the deposit amount to secure the capital.
For the normal risk account, the individual trader will be eligible to secure a profit of 80% with a 20% share of the company.
However, for the Aggressive Risk account, the individual can secure a profit of 90% with the rest 10% share to the company.
The traders can get all the details for the capital they can secure for the Micro Trader Program with the profit share and the number of trading days in the table below:
Micro Trader Account Types
| Micro Trader Normal | Micro Trader Aggressive | |||||
|---|---|---|---|---|---|---|
| Capital | $10,000 | $25,000 | $50,000 | $10,000 | $25,000 | $50,000 |
| Deposit | €99 | €249 | €449 | €149 | €349 | €549 |
| Risk | Normal | Normal | Normal | Aggressive | Aggressive | Aggressive |
| Maximum Trading Days | 30 | 30 | 30 | 30 | 30 | 30 |
| Profit Target | 5% | 5% | 5% | 15% | 15% | 15% |
| Maximum Loss | 10% | 10% | 10% | 20% | 20% | 20% |
| Maximum Daily Loss | 5% | 5% | 5% | 10% | 10% | 10% |
Fidelcrest Website
The Pro trader program details are as follows:
Pro Trader Account Types
| Pro Trader Normal | Pro Trader Aggressive | ||||||
|---|---|---|---|---|---|---|---|
| Capital | $150,000 | $250,000 | $500,000 | $1,000,000 | $150,000 | $250,000 | $500,000 |
| Deposit | €649 | €999 | €1799 | €2899 | €999 | €1599 | €2899 |
| Risk | Normal | Normal | Normal | Normal | Aggressive | Aggressive | Aggressive |
| Maximum Trading Days | 30 | 30 | 30 | 30 | 30 | 30 | 30 |
| Profit Target | 5% | 5% | 5% | 5% | 15% | 15% | 15% |
| Maximum Loss | 10% | 10% | 10% | 10% | 20% | 20% | 20% |
| Maximum Daily Loss | 5% | 5% | 5% | 5% | 10% | 10% | 10% |
If you become a funded trader with Fidelcrest, they will give you a raise of 25% after every three months on your capital. However, you will have to satisfy the criteria and prove your eligibility as the funded trader. If you want a 25% increase in your capital, you must not make a loss of more than 5% daily. If you do so, you will be deemed to fail and will not be allowed to carry forward with your funded challenge. As a result, you will have to start from Stage 1.
You will have to secure a 15% profit on your capital for three months consecutively (5% per month) to get the 25% raise. You must satisfy these criteria to get the raise. You will get the capital raise as soon as you fulfill the criteria.
Best Prop Trading FirmsHow much can I attract as a funded trader?
The amount of funding that a trader can attract as a funded trader with Fidelcrest depends on several factors, including their trading experience, the size of their trading account, and their performance.
Fidelcrest typically provides traders with a portion of the capital they need to trade, with the amount of funding based on the trader's performance and risk management strategy.
It's important to note that the funding provided by Fidelcrest is not a loan and does not need to be repaid. Instead, the trader is required to return a portion of their profits to Fidelcrest as a performance fee. The performance fee is typically a percentage of the trader's profits and is used to cover the costs of providing the funding.
As a trader, you can secure up to $1,000,000 of capital in your funded account, which will keep growing by 25% on the capital as long as you satisfy the criteria. The capital that you can secure by taking part in the funded trader program:
$150,000
$250,000
$500,000
$1,000,000
If your account grows and you're consistent with your profit strategy, you will also be able to manage up to $2,000,000.
How much can you make as a funded Forex trader?FAQs
Who can apply to become a funded trader with Fidelcrest?
Traders with experience and a proven track record of successful trading are eligible to apply to become a funded trader with Fidelcrest.
What is the process for becoming a funded trader with Fidelcrest?
Becoming a funded trader with Fidelcrest involves submitting an application, passing an evaluation process, and submitting a trading plan. If approved, traders receive funding to trade and grow their accounts.
What are the benefits of becoming a funded trader with Fidelcrest?
The funding provided by Fidelcrest can also help traders to take on larger positions and generate higher profits. Additionally, Fidelcrest provides traders with tools and resources to help them improve their trading performance and achieve their goals.
How much profit can be generated as a funded trader on Fidelcrest?
Fidelcrest's funded trader's profits depend on account size, strategy and risk management, but traders can keep up to 80% of their earnings, making it a competitive option.
Team that worked on the article
Upendra Goswami is a full-time digital content creator, marketer, and active investor. As a creator, he loves writing about online trading, blockchain, cryptocurrency, and stock trading.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.