Fidelcrest safety and regulation

Is Fidelcrest legit?

Fidelcrest Review

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Fidelcrest is a legitimate prop firm and not a broker. It does not trade or hold any funds. Its registered office is located in Nicosia. No red flags against its operations have been noticed till today. Several reputable and FCA-regulated platforms have partnered with Fidelcrest.

Although the firm follows various industry-standard protocols for security, it is important to be cautious while sharing personal details.

Is Fidelcrest legit in my country?

Some beginners have a question: Is Fidelcrest safe and legit in their countries? Fidelcrest has gained the attention of traders from different countries. The IT department of the prop firm is located in Estonia. Besides, Fidelcrest runs its business in several other countries, including the UK, Australia, Turkey, Chile, Spain, Nigeria, Ecuador, South Africa, and the USA. However, investment and trading laws are very rigid in the USA; thereby, residents need to check the laws of their country to fetch more clarity.

Is Fidelcrest a scam or safe?

As Fidelcrest is not considered a brokerage company, no license is needed from financial regulators. Your money is not stored in Fidelcrest.

However, a 2-tier management structure has been implemented by Fidelcrust. It consists of the Executive Management Board and the Board of Directors. The Board of Directors evaluates the strategies and checks the different activities of Fidelcrust. On the other hand, the Executive Management Board analyzes the daily business management of the prop firm. Both these management bodies are responsible for internal systems and risk management.

Fidelcrest background

Since the year of establishment, Fidelcrest has been steadily growing its business. Today, it has gained international recognition. Its global team has developmental and financial targets. It discloses financial reports quarterly and hosts investor meetings to reveal financial results.

The company established its global offices in different countries. Fidelcrest Ltd was set up in Nicosia, Cyprus. Again, Fidelcrust SVG Ltd is located in Kingstown, the Grenadines, and St. Vincent. Prop500.com Ltd is another global office established in the UK.

Fidelcrest gives its traders easy access to live accounts. These accounts can be funded with an amount of up to $400,000. The management team at Fidelcrest comprises experienced professionals and Forex traders who have worked with brokerage companies. But, the official website has not revealed the details about the operator and owner of the company.

According to Fidelcrest’s team, it has a goal to assist retail clients in making consistent profits over a long period. There are 6000+ active traders, and Fidelcrest has become a reputed trading prop firm. Moreover, it offers multiple account size options for meeting every trader’s needs.

The trading challenge program begins with an assessment process. You can trade with a practice account while following the pre-determined trading rules. After passing the challenge in the trading period, you will receive the fund. There are 1000+ trading instruments available for traders. You can check the Trader Agreement to avoid violating any rules.