FTMO vs Fidelcrest - full comparison
| Feature | FTMO | Fidelcrest |
|---|---|---|
Overall |
4.22 |
4.25 |
4.5 |
3.8 |
|
4.3 |
4.4 |
|
3.7 |
4 |
|
4.7 |
4 |
|
Benefits for Prop-trader |
3.9 |
4.5 |
4.2 |
4.8 |
|
|
Your capital is at risk.
|
Your capital is at risk.
|
FTMO vs Fidelcrest: pros and cons
To qualify for a funded trading account at FTMO, you must go through a rigorous three-step process: Enter the FTMO Challenge, where you must meet the profit targets within 30 days. Begin the 60-day Verification Procedure, during which you must demonstrate that you can repeat your FTMO Challenge success. After completing the two-step review procedure with the FTMO Challenge and Verification, you will be contacted by FTMO with an offer to trade their capital on accounts ranging from $10,000 to $400,000. A great fact to note is that FTMO’s stronghold is its currencies. This is the best place to consider a forex funded account, if you enjoy trading currencies. You can trade 44 currency pairs as well as 10 cryptocurrencies. Furthermore, cash indices, commodities, and stock CFDs are available for trading. The free versions of the three most popular forex trading platforms, MetaTrader 4, MetaTrader 5, and cTrader, are accessible.
Fidelcrest offers few accounts to suit different types of traders, providing access to more than 1,000 financial instruments. Known for its robust training programs and exceptional support services, the prop firm offers profit splits of up to 90%. There are two main accounts available at Fidelcrest, Micro Trader and Pro Trader, both of which offer Normal and Aggressive settings. Each risk type is funded at three different levels. Depending on the risk type, the Micro account has funding between $15,000 and $60,000. A difference between the two lies in the profit targets, the minimum number of trading days, and the maximum loss limits. Micro Trader, for example, has a maximum overall loss limit of 10% and a profit target of 5%. There is a maximum loss of 20% with Aggressive risk, and a maximum profit target of 15%. Currently, ProTrader accounts are funded between $250,000 and $1 million, of which $1 million is only available for Normal Risk accounts. Both accounts can be leveraged up to 1:100. Each account type is evaluated in two steps, depending on the minimum number of trading days, maximum daily loss limit, and maximum overall loss limit. The KYC program at Fidelcrest requires that you submit documents in addition to meeting the trading parameters.
| FTMO | Fidelcrest | |
|---|---|---|
| Overall Pros | Quite low testing cost is €155 | One-time subscription, not monthly like other prop trading firms |
| Classic platforms such as MT4, MT5, and Ctrader are familiar to many traders. For these platforms, hundreds of indicators, scripts, and advisers have been developed | Bonuses in the form of an accelerated plan, free additional account and doubling the capital | |
| The starting reward is 80% | ||
| Diversification of tariff plans. Candidates can choose a demo deposit from 10 thousand to 200 thousand US dollars. There are tariff plans that span from standard to aggressive trading | ||
| Leverage is up to 1:100 | ||
| Overall Cons | Strict requirements for the test period. The allowable maximum loss is 10% of the deposit amount. The target profit is 10%, for which 1 month is provided | Expert Advisors, trading robots and copy trading are prohibited |
| Strict requirements for the test period. The allowable maximum loss is 10% of the deposit amount. The target profit is 10%, for which 1 month is provided | ||
| There is no information about how the company is funded |
FTMO vs Fidelcrest - regulation and safety
| FTMO | Fidelcrest | |
|---|---|---|
Regulators |
No |
No |
Country of registration |
Czech Republic |
Cyprus |
Year of establishment |
2014 |
2018 |
Reliability of a prop trading company largely depends on its registration and regulation. The most reliable companies operate in compliance with laws of countries with high legal culture, such as the U.S., the UK, EU countries, Australia and Singapore.
A long period of operation in the global markets and awards can also provide additional information about the company. TU compared regulation and reliability of FTMO and Fidelcrest by the above criteria.
FTMO vs Fidelcrest - trading conditions, costs and leverage
FTMO
| Trading Plan | Managed amount, USD | Min trading days / Trading period | Profit target, USD | Daily loss | Max total loss | Max leverage | Price, USD |
|---|---|---|---|---|---|---|---|
| Normal | 10 000 | 10/30 (Stage 1) 10/60 (Stage 2) | 1000 (Stage 1) 500 (Stage 2) | 5% | 10% | 155 EUR (one-time payment) | |
| 25 000 | 2500 (Stage 1) 1250 (Stage 2) | 5% | 10% | 250 EUR (one-time payment) | |||
| 50 000 | 5000 (Stage 1) 2500 (Stage 2) | 5% | 10% | 345 EUR (one-time payment) | |||
| 100 000 | 10000 (Stage 1) 5000 (Stage 2) | 5% | 10% | 1:100 | 540 EUR (one-time payment) | ||
| 200 000 | 20000 (Stage 1) 10000 (Stage 2) | 5% | 10% | 1080 EUR (one-time payment) | |||
| Aggresive | 10 000 | 2000 (Stage 1) 1000 (Stage 2) | 10% | 20% | 250 EUR (one-time payment) | ||
| 25 000 | 5000 (Stage 1) 2500 (Stage 2) | 10% | 20% | 345 EUR (one-time payment) | |||
| 50 000 | 10000 (Stage 1) 5000 (Stage 2) | 10% | 20% | 540 EUR (one-time payment) | |||
| 100 000 | 20000 (Stage 1) 10000 (Stage 2) | 10% | 20% | 1080 EUR (one-time payment) |
Fidelcrest
| Trading Plan | Managed amount, USD | Min trading days / Trading period | Profit target, USD | Daily loss | Max total loss | Max leverage | Price, USD |
|---|---|---|---|---|---|---|---|
| Pro Trader Normal | 250 000 | 0/60 | 10% | 5% | 10% | 1:100 | |
| 999 EUR (one-time payment) | |||||||
| 500 000 | 10% | 1899 EUR (one-time payment) | |||||
| 1 000 000 | 10% (Stage1) 5% (Stage 2) | 2999 EUR (one-time payment) | |||||
| Pro Trader Aggressive | 250 000 | 20% | 10% | 20% | 999 EUR (one-time payment) | ||
| 1999 EUR (one-time payment) | |||||||
| 500 000 | 20% | 3499 EUR (one-time payment) | |||||
| Micro Trader Normal | 15 000 | 0/60 | 10% (Stage1) 5% (Stage 2) | 5% | 10% | 1:100 | 99 EUR (one-time payment) |
| 30 000 | 199 EUR (one-time payment) | ||||||
| 60 000 | 299 EUR (one-time payment) | ||||||
| Micro Trader Agressive | 15 000 | 15% | 10% | 20% | 199 EUR (one-time payment) | ||
| 30 000 | 299 EUR (one-time payment) | ||||||
| 60 000 | 399 EUR (one-time payment) |
Prices of offered trading plans, minimum and maximum amount under management are the most interesting aspects of a prop trading company. Risk management levels for maximum losses and profit targets also play the key role.
FTMO vs Fidelcrest - profit split
| Profit split | FTMO | Fidelcrest |
|---|---|---|
Managed amount |
up to USD 400,000 |
up to USD 2 million |
% Profit split |
80% (with a possibility of an increase to 90%) |
80%-90% |
Profit split is one of the most interesting criteria for traders. Learn about the share of trading profit you can earn by traders with FTMO and Fidelcrest.
FTMO vs Fidelcrest - trading restrictions
| Trading restrictions | FTMO | Fidelcrest |
|---|---|---|
Scalping |
Allowed |
Allowed |
News trading |
Allowed (for Swing Account). For other account, the limitations is +/-2 minutes |
Allowed |
Algorithmic trading |
Allowed |
Allowed individually |
Mandatory Stop Loss |
No |
No |
Mandatory position closing before the weekend |
No (for Swing Account) |
No |
Other limitations |
For traders who received real equity to manage after passing the exam, there are restrictions on daily / total loss of 5% / 10% |
Some prop trading companies have limitations for certain trading strategies. There can also be limitations for trading without Stop Loss, trading position rollover to weekend, etc.s
FTMO vs Fidelcrest - trading assets
| Asset Name | FTMO | Fidelcrest |
|---|---|---|
Forex |
Yes |
Yes |
Stocks |
No |
Yes |
Metals |
Yes |
Yes |
Cryptocurrencies |
Yes |
Yes |
Energy |
Yes |
Yes |
Indices |
Yes |
Yes |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Others |
No |
No |
Most prop trading companies focus their trading on specific markets: stock, Forex, futures and options, and in some cases cryptocurrency. If you have a preference of a specific market, compare FTMO and Fidelcrest trading assets to make a better informed choice.
FTMO vs Fidelcrest - trading platforms
| FTMO | Fidelcrest | |
|---|---|---|
МТ4 |
Yes |
Yes |
МТ5 |
Yes |
No |
cTrader |
Yes |
No |
NinjaTrader |
No |
No |
Other |
No |
No |
|
Your capital is at risk.
|
Your capital is at risk.
|
Trading platform is very important to many traders, particularly those who already have experience of working with trading bots and strategies on one of them. Prop trading companies mostly offer to work with MT4, MT5 and cTrader Forex trading platforms as well as proprietary platforms of large brokers. Compare trading platforms of FTMO and Fidelcrest to make the best choice.
FAQs
How to choose a prop trading company
Choose one of the top prop trading companies for analysis.
Compare it with its key competitors using the criteria developed by TU experts.
Select the company that perfectly fits your trading strategy and style.
Submit an application and fulfill the conditions of a prop company.
What are the main benefits of working with a prop company?
Firstly, you will be able to raise a substantial amount for trading, which will greatly improve your possibilities and potential profit. You will be able to use less risky strategies and earn decent income. Also, prop trading companies help traders to improve their professional level by offering educational courses, seminars, and exchange of experience.
What amount can I get as a funded trader?
Trading plans of prop companies are developed taking into account individual financial abilities and needs of traders. As a rule, beginners are offered plans from $10,000 to $25,000. Successful traders can attract up to $1 million in management.
Can anybody become a prop trader?
You don’t need special education and status to become a prop trader. The main selection criterion is the ability to trade successfully and meet company’s risk/reward requirements.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
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.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).