The5ers vs Fidelcrest - full comparison
| Feature | The5ers | Fidelcrest |
|---|---|---|
Overall |
3.98 |
4.25 |
3.5 |
3.8 |
|
4.5 |
4.4 |
|
3.5 |
4 |
|
4.5 |
4 |
|
Benefits for Prop-trader |
3.5 |
4.5 |
4.4 |
4.8 |
|
|
Your capital is at risk.
|
Your capital is at risk.
|
The5ers vs Fidelcrest: pros and cons
The 5%ers are known for their unique ways of handling forex funded accounts. These methods may be beneficial to traders who would like to try something different. The 5%ers take a completely different path from the other apps on this list. Each funded trading account is a live, real-money funded trading account funded by The5ers and tradeable by subscribers. All forex majors such as EUR/USD, USD/CHF, and key cross-currency pairs such as AUD/CAD and GBP/JPY are tradable assets. Each trader must complete the Level 1 Program with a profit target ranging from 10% to 25%. The Level 1 Program will be closed once the profit target has been archived by trading according to the guidelines. Profit will be distributed in accordance with the profit split, and a new trading account on the next higher financing level will be established with you as a Portfolio Manager Partner.
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.
| The5ers | Fidelcrest | |
|---|---|---|
| Overall Pros | 7 currency pairs, 2 precious metals, 6 indices and over 3,000 securities available for trading | One-time subscription, not monthly like other prop trading firms |
| Prop-company finances traders free of charge in the amount of 6 thousand US dollars, depending on the deposit | Bonuses in the form of an accelerated plan, free additional account and doubling the capital | |
| There is a demo account and a training program for novice traders with funding | ||
| Standard leverage 1:10, by increasing the deposit and additional options, it can be increased to 1:30 | ||
| The platform provides trading tools, analytics, strategy ideas, economic calendar | ||
| Overall Cons | A trader cannot have more than 3 accounts, and if accounts are inactive for 21 days, they are automatically closed | Expert Advisors, trading robots and copy trading are prohibited |
The5ers vs Fidelcrest - regulation and safety
| The5ers | Fidelcrest | |
|---|---|---|
Regulators |
No |
No |
Country of registration |
Israel |
Cyprus |
Year of establishment |
2016 |
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 The5ers and Fidelcrest by the above criteria.
The5ers vs Fidelcrest - trading conditions, costs and leverage
The5ers
| Trading Plan | Managed amount, USD | Min trading days / Trading period | Profit target, USD | Daily loss | Max total loss | Max leverage | Price, USD |
|---|---|---|---|---|---|---|---|
| Low | 6 000 | no limitations/180 | 375 (6,2%) | No | 360 USD | 1:10 | 235 EUR (one-time payment) |
| 10 000 | 600 (6%) | 600 USD | 385 EUR (one-time payment) | ||||
| 20 000 | 1400 (7%) | 1200 USD | 745 EUR (one-time payment) | ||||
| Aggressive | 6 000 | no limitations/60 | 720 (12%) | 360 USD | 1:30 | 235 EUR (one-time payment) | |
| 10 000 | 1200 (12%) | 600 USD | 385 EUR (one-time payment) | ||||
| 20 000 | 2400 (12%) | 1200 USD | 745 EUR (one-time payment) | ||||
| Bootcamp | 100 000 | no limitations/12 months | 6% | 5% | 1:10 | 95 EUR (one-time payment) | |
| 250 000 | 225 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.
The5ers vs Fidelcrest - profit split
| Profit split | The5ers | Fidelcrest |
|---|---|---|
Managed amount |
USD 100,000-250,000 |
up to USD 2 million |
% Profit split |
50% with by-stage increase to 100% |
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 The5ers and Fidelcrest.
The5ers vs Fidelcrest - trading restrictions
| Trading restrictions | The5ers | Fidelcrest |
|---|---|---|
Scalping |
Tick scalping is prohibited |
Allowed |
News trading |
Allowed |
Allowed |
Algorithmic trading |
Allowed |
Allowed individually |
Mandatory Stop Loss |
No |
No |
Mandatory position closing before the weekend |
No |
No |
Other limitations |
Arbitrage and copying signals are prohibited |
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
The5ers vs Fidelcrest - trading assets
| Asset Name | The5ers | Fidelcrest |
|---|---|---|
Forex |
Yes |
Yes |
Stocks |
No |
Yes |
Metals |
Yes |
Yes |
Cryptocurrencies |
No |
Yes |
Energy |
No |
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 The5ers and Fidelcrest trading assets to make a better informed choice.
The5ers vs Fidelcrest - trading platforms
| The5ers | Fidelcrest | |
|---|---|---|
МТ4 |
No |
Yes |
МТ5 |
Yes |
No |
cTrader |
No |
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 The5ers and Fidelcrest to make the best choice.
FAQs
How to get funded as a trader
You need to select one or several companies that seem interesting to you, review their conditions, submit an application and pass the primary selection of traders. As a rule, prop trading companies offer educational courses or organize competitions on demo accounts, based on the results of which you can receive financing.
What percentage of trading profit can I withdraw?
As a rule, upon expiry of an established trading period, traders can withdraw from 50% to 90% of profit. Everything depends on the conditions of a specific trading plan. Prop companies often incentivize successful traders by offering them a higher percentage of payouts and additional bonuses.
Do prop trading companies operate legally?
Prop trading companies operate in the market for many years and value their reputation, therefore organizing their activities in compliance with the law. Companies from the U.S., the UK, Australia and other countries with a high legal culture are considered the most reliable.
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.
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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).