Topstep vs Fidelcrest - full comparison
| Feature | Topstep | Fidelcrest |
|---|---|---|
Overall |
4.28 |
4.25 |
4.4 |
3.8 |
|
4.1 |
4.4 |
|
3.6 |
4 |
|
4.5 |
4 |
|
Benefits for Prop-trader |
4.4 |
4.5 |
4.7 |
4.8 |
|
|
Your capital is at risk.
|
Your capital is at risk.
|
Topstep vs Fidelcrest: pros and cons
Topstep has the brand strength and reputation that traders rely on as an industry leader and one of the Inc. 5000 fastest-growing companies in the United States. To engage in their funded account program, every trader begins with the Trading Combine. You can open a real-time virtual futures account with $50,000, $100,000, or $150,000 in purchasing power. After the Trading Combine, you will receive a funded trading account if you demonstrate consistent profitability and risk management. Topstep sends funds to your account and allows you to trade in real-time with their capital without taking any personal risks. After only eight trading days, traders can earn a funded account. The amount funded is equal to the plan chosen for the Trading Combine. Topstep is also extremely efficient in processing payouts daily, completing payouts requested before 10 a.m. CT the same day.
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.
| Topstep | Fidelcrest | |
|---|---|---|
| Overall Pros | Real trading accounts are financed by a broker, there is no need to invest your funds in trading | One-time subscription, not monthly like other prop trading firms |
| The company provides a wide range of free training materials, including free group coaching | Bonuses in the form of an accelerated plan, free additional account and doubling the capital | |
| You can contact the support team using several convenient methods | ||
| The broker offers a referral program for extra income | ||
| Overall Cons | The company doesn’t offer bonuses, automated trading, or other passive income options | Expert Advisors, trading robots and copy trading are prohibited |
| The support service works only on weekdays during set hours |
Topstep vs Fidelcrest - regulation and safety
| Topstep | Fidelcrest | |
|---|---|---|
Regulators |
No |
No |
Country of registration |
USA |
Cyprus |
Year of establishment |
2012 |
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 Topstep and Fidelcrest by the above criteria.
Topstep vs Fidelcrest - trading conditions, costs and leverage
Topstep
| Trading Plan | Managed amount, USD | Min trading days / Trading period | Profit target, USD | Daily loss | Max total loss | Max leverage | Price, USD |
|---|---|---|---|---|---|---|---|
| Trading plan 1 | 50 000 | 5/no limitations (under conditin of monthly payment of subscription) | 3000 | 1000 USD | 2000 USD | 1:100 | 165/month |
| Trading plan 2 | 100 000 | 6000 | 2000 USD | 3000 USD | 325/month | ||
| Trading plan 3 | 150 000 | 9000 | 3000 USD | 4500 USD | 375/month |
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.
Topstep vs Fidelcrest - profit split
| Profit split | Topstep | Fidelcrest |
|---|---|---|
Managed amount |
n/a |
up to USD 2 million |
% Profit split |
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 Topstep and Fidelcrest.
Topstep vs Fidelcrest - trading restrictions
| Trading restrictions | Topstep | Fidelcrest |
|---|---|---|
Scalping |
Allowed |
Allowed |
News trading |
Allowed |
Allowed |
Algorithmic trading |
Allowed |
Allowed individually |
Mandatory Stop Loss |
No |
No |
Mandatory position closing before the weekend |
Yes |
No |
Other limitations |
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
Topstep vs Fidelcrest - trading assets
| Asset Name | Topstep | Fidelcrest |
|---|---|---|
Forex |
No |
Yes |
Stocks |
No |
Yes |
Metals |
No |
Yes |
Cryptocurrencies |
No |
Yes |
Energy |
No |
Yes |
Indices |
No |
Yes |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
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 Topstep and Fidelcrest trading assets to make a better informed choice.
Topstep vs Fidelcrest - trading platforms
| Topstep | Fidelcrest | |
|---|---|---|
МТ4 |
No |
Yes |
МТ5 |
No |
No |
cTrader |
No |
No |
NinjaTrader |
Yes |
No |
Other |
TSTrader , TradingView , MotiveWave, ATAS |
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 Topstep and Fidelcrest to make the best choice.
FAQs
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.
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.
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.
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.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
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.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
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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). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.