How To Make Money On Fidelcrest: Full Guide

Top Ideas on how to make money on Fidelcrest

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Below are the popular ways to make money on Fidelcrest.

Funded trading

Funded trading is the first and most common way to make money on Fidelcrest. This method entails putting an account that is already funded under the care of an experienced trader who manages the account. Fidelcrest and the trader will split the profits equally when the trader trades and makes money from transactions.

Firstly, the trader will prove to the broker that they can manage the heavily leveraged account. They demonstrate this by passing Fidelcrest's evaluation test. Fidelcrest extends a funding offer to those who complete the evaluation phase successfully. Traders can choose from the two primary trading programs available.

• Micro Trader: The minimum account amount is €149 and €249, and the maximum account amount is €349 and €449.

• Pro Trader: Account costs vary from €1,299 to €3,799.

Typically, Fidelcrest sets specific risk guidelines and regulations that apply to traders. These rules promote responsible trading and risk management. These could include profit targets, daily loss caps, and maximum drawdown limits.

Fidelcrest Copy Trading

The copy trading system on Fidelcrest presents an additional earning opportunity by allowing you to replicate the trades of experienced traders. Using a third-party copy trading service may result in others using the same trading strategy as you. While Fidelcrest prioritizes consistency, giving traders the freedom to trade as they wish, it's essential to maintain a consistent strategy to avoid disqualification.

Access to a funded account or withdrawal may be denied if you surpass the maximum capital allocation rule. While copying trades can help learn from professionals, it's important to comply with the firm's policies, which stipulate that the total balance of all accounts must not exceed $2,000,000. However, less experienced traders can still gain from the knowledge and experience of more seasoned traders by imitating their trades. This can help novice traders develop their skills and learn profitable trading strategies.

Affiliate program

You can earn as an affiliate with the Fidelcrest prop trading platform. This is a non-trading way to earn money on this platform. There are no restrictions on how many referrals a trader may make, and the Fidelcrest referral program pays traders up to $500 for each new customer they introduce to the company.

Fill out the simple registration form to become a Fidelcrest affiliate and receive a 15% commission on the trades of clients that registered through your affiliate link. Upon account establishment, the trader must disseminate their affiliate link through various digital channels such as social media platforms, websites, and email campaigns. By installing a tracking cookie on their browser via any of the channels, users consent to have their IP address collected when they click on the trader's affiliate link. The trader will be credited with the sale if the user completes a purchase. Fidelcrest will review the purchase, and upon approval, the trader will receive commission payouts.

What is the minimum deposit on Fidelcrest?

Fidelcrest does not have a minimum deposit requirement, but it does charge prospective clients a certain amount to participate in the assessment. This amount is known as a subscription fee. Since the objective of the assessment is to assess the trader's trading skills, there are different stages to this process based on the package the broker selects. The programs you can choose from are Micro Trader and Pro Trader. The updated details on subscription fees and capital amounts received by traders are summarized in the table below.

For each trading program, traders can choose to include the following add-ons:

• Insurance (+30%);

• Double leverage (+20%);

• Unlimited retry (free);

• Unlimited trading days (free);

• 60 days max (retry if drawdown is up to 2%).

Is it possible to earn an extra $1,000 per month on Fidelcrest?

It is very much possible to earn an extra $1,000 monthly on Fidelcrest, but this will depend on the capital and the trader's level of expertise. Without gaining the necessary knowledge and employing prudent risk and money management strategies, traders who merely think that trading Forex will enable them to make a lot of money instantly risk blowing their accounts.

Even though trading requires expertise and discipline on a psychological level, it can be challenging to make up to $1000 per month when starting with a small capital. For this reason, most Forex traders are unable to generate positive returns over the long run, and the likelihood of consistent returns is even lower with a small account. Forex trading is risky, and not all trades result in profits.

Traders no longer have to worry about the capital needed to open larger positions, thanks to the offer from Fidelcrest. Before they can trade with funded accounts, they need to develop extraordinary trading skills and knowledge. Below is what a beginner trader needs to make up to $1000 monthly on Fidelcrest:

• Get trading knowledge from all the corners of the trading world. Learn and practice using trial accounts, and keep learning and honing your skills.

• Obtain a Fidelcrest-funded account by passing the evaluation process.

• Trade with well-considered strategies that combine the most effective risk-reduction methods. Use leverage to boost your possible profits, but ensure you know what you are doing since leverage can cause more losses.

• Before opening a position, stay informed about the most recent developments in the economy and adjust your approach as necessary. Keep your head high and emotions out when you are trading.

A trader who consistently achieves favorable results and practices proper money and risk management can earn $1000 monthly with Fidelcrest's account sizes tailored to their needs. To qualify for trading accounts of up to $200,000, traders must demonstrate reasonable profits and adhere to straightforward risk management guidelines during the Fidelcrest challenge and verification process.

How to choose the best way to make money on Fidelcrest

Although trading with a prop firm account and/or copying trades are the most popular ways to earn money, signing up for an affiliate program is also a great alternative. Nevertheless, the optimal choice will depend on the trader's background, skill level, and social and online presence.

You can succeed with Fidelcrest affiliate marketing if you already have a social media following and the ability to persuade others to adopt your viewpoint. If you are a top trader, this will not limit your options to what you can do with your skills; you can still trade on the platform. Select the fund trading option if you have the time to conduct daily research, read news articles, and analyze markets. Trading is a lifelong learning process. If you must duplicate another trader, you should carefully consider who you are replicating because, in essence, you are letting them dictate the course your account will take.

Before you choose the best way to make money on Fidelcrest, you may need to consider the tips below.

• Examine your trading inclinations and strengths if you plan to trade. Which investment strategy do you favor more: long-term investing, swing trading, or day trading?

• Consider your experience and risk tolerance when choosing a funding level. Higher funding levels usually come with stricter risk management rules. Since Fidelcrest offers flexibility, pick a tactic that complements your style.

• Learn about the policies and procedures of Fidelcrest, such as risk limitations, profit-sharing plans, and assessment standards. Verify that the conditions they set for their funded trading program meet your comfort level.

• Create effective risk management plans to follow Fidelcrest's guidelines. Keep in mind elements such as profit targets, daily loss caps, and maximum drawdown. Ensuring long-term success requires a methodical approach to risk management.

• Stay informed about news, economic events, and market trends. Make educated judgments by keeping up to date on the instruments you trade.

• Use a demo account to hone your approach before making live trades. This allows you to learn about new trading strategies, market trends, and evolving conditions while testing your strategy in a risk-free environment.

• Review your Fidelcrest trading performance regularly. Examine both profitable and unsuccessful trades to find areas that need improvement.