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Fidelcrest Review 2025

Fidelcrest Review 2025

Updated:
Updated: January 06, 2025

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Summary of Fidelcrest Trading Company

Fidelcrest, a brokerage firm, operated as a Ponzi scheme, defrauding thousands of investors of billions of dollars. This scam was orchestrated by the company's founder and CEO, who lured investors with promises of unrealistic profits generated through his proprietary trading strategies.
In reality, Benson and his associates used funds from new clients to pay off existing ones, creating the illusion of successful investments. This scheme began in the late 2010s and persisted until 2022 when authorities uncovered the fraud and initiated an investigation.
Former users reported sudden and unjustified account closures, often following significant gains. Investigations revealed questionable practices, such as the manipulation of trading results and the use of unfavorable terms hidden in the fine print.
By the time of its closure, Fidelcrest had amassed over $8 billion from more than 50,000 investors worldwide. Benson and several top managers were arrested and charged with securities fraud and money laundering.
The Fidelcrest scandal stands as one of the largest financial frauds in recent history, leaving countless investors without their capital and underscoring the urgent need for increased regulatory oversight in the financial sector.

User Satisfaction i

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Pro tusaevargen
1 year ago
Location KG Bishkek

Good

Scared

The use of leverage is allowed on Fidelcrest challenge accounts, which is great. I had the option to choose up to a leverage rate of 100. My trading position started the day I opened my account, as the platform operates a
330-day trading period, which is when the final loss or profit is calculated. It is important to not use a high leverage when opening positions since you are expected to show how technical and your understanding of the market.

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Pro Sanam
1 year ago
Social link Verified
Location GB Slough

Great choice of trading assets

So far, I haven't found any

You can register to trade Forex commodities, cryptocurrency, stocks and metals on Fidelcrest. I opted to trade Forex and was presented with over 60 currenc pairs to trade any of these seven different brokers like XM, Pepperstone, RoboForex, Blueberry Markets, TradeView, IC Markets, and Purple Trading on train platforms like MetaTrader 4, MetaTrader 5, cTrader. There is an option to change the broker and platforms at the end of each 30-day trading period. For example if XM did not give what you want, you can opt for for RoboForex after 30 days.

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Pro Diana Shapovalova
1 year ago
Social link Verified
Location SE Uppsala

Training program

None

I can recommend the training program at Fidelcrest. They train traders who need some brushing providing them with an option to manage a small account before managing a bigger funded account. The MicroTraders program on the platform helped me test my trading skills again before entering the challenge of managing bigger accounts with a low deposit. I learned basic trading and risk management skills. This account does not require any monthly fees or minimum profit requirements and is signed up with €100. On the negative side, I can say that completing the challenge may be more difficult than you expect. I managed to do it only on the 3rd try

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Mehmed
1 year ago
Location BA Tesanj

Fidelcrest customer service is responsive, I recently contacted them to inquire about the "double your leverage" feature and to know the maximum leverage available. I got a fast response and the customer agent briefed me on the leverage for the different instruments available on the platform before adding that I can opt for double leverage during account purchases

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mperera
1 year ago

What I like about Fidelcrest is that you can start with small deposits. For those who are trying their hand at capital management, an initial deposit of $15,000 will be suitable. The conditions at Fidelcrest are quite acceptable. However, it is difficult to maintain a drawdown of 5% of the deposit amount. But I asked to set the drawdown size to 10%, and the company agreed to it. However, my goal is still to trade with a capital of $500,000.

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pllovers1234
1 year ago

I can only leave a positive review about Fidelcrest. Although the platform is non-standard and unfamiliar to many, it is very fast. Order processing is instantaneous. Rare slippages, no requotes observed at all. Fidelcrest offers the possibility of using different trading plans; I work with a sum of $200,000. With this amount, you can have a good income.

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talha
1 year ago

I am an elderly woman who relied on the persuasion of a Fidelcrest broker. He promised me a good pension increase and did not let me down.

Olen iäkäs nainen, joka luotti Fidelcrest välittäjän suostutteluun. Hän lupasi minulle hyvän eläkekorotuksen, eikä pettänyt minua.

We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.

FAQs

Why has prop company Fidelcrest been blacklisted?

Possible reasons:
• The prop company Fidelcrest was found manipulating traders' evaluation stages, such as manipulating spreads, quotes, or forcibly closing trades under false pretexts.
• The website is malfunctioning or offline, and regulators have complaints against the company.
• The company lacks transparency, with complaints from traders.

I saw Fidelcrest in the blacklist. What should I do?

Take this fact into account. Prop trading during the evaluation stage involves trading on a demo account, so your only risk is the fee paid for the evaluation. If you plan to redo the evaluation, consider choosing a different company.

Should I continue working with prop company Fidelcrest if it’s been blacklisted?

If you are already in the evaluation stage, continue to complete it. This is additional experience for you without any significant risk. There’s a chance the prop company could be removed from the blacklist by the time you finish.

How can I file a complaint against a prop company to have them blacklisted?

You can share your review through the form on this page. Alternatively, you can send an email to Traders Union's support service, providing details of your experience with company Fidelcrest along with supporting screenshots. After reviewing your complaint, Fidelcrest may be added to the blacklist.

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