A proprietary trading firm, Fidelcrest, was established in 2018. Over 6,000 dealers from more than 170 nations actively participate in market speculation. All it takes to get started is a one-time payment and the completion of their Challenge. If you are successful in the company’s inaugural trading challenge, you will be given control of up to $400,000, with an opportunity to keep as much as 80% of your gains.
Fidelcrest gives its clients a lot of leeway by providing a variety of account sizes to accommodate their varying degrees of experience and investing capital. More than a thousand trading assets, including forex and cryptocurrencies, are available for trading with their money on various leading trading platforms.
How to become a qualified prop trader with Fidelcrest?
With Fidelcrest’s comprehensive verification procedure, you can feel confident that you’re employing a reliable method that can reliably achieve your profit goals. To join the company as a certified prop trader, please do the following:
1. Select Your Login Method
MicroFX+ accounts are geared at novice traders, while ProFX+ accounts are designed for seasoned pros; these are only two of Fidelcrest’s 13 available account types. Look down below at the “Accounts” section for further information.
2. Pick a Broker.
TradeView, IC Markets, XM, Pepperstone, RoboForex, Blueberry Markets, and Purple Trading are just some of the brokers and trading platforms available to you (MetaTrader 4, MetaTrader 5, cTrader). After each thirty-day trading term, you can switch brokers and trading platforms.
3. Solve the Fidelcrest Trading Puzzle (Phase 1)
The minimum profit objective must be met by the conclusion of the 30-day term to complete the Challenge on a demo account. It’s possible to acquire a free trial run if you need to make more money the first time around. Read up on the bonuses and referrals page for additional information.
4. Verify Your Funding Status (Phase 2)
You must meet the profit objective while staying below the maximum loss limits and submit your KYC credentials to pass verification. You can invest actual money and keep up to half the income made.
5. You Should Use a Business Account When Trading (Phase 3)
The Challenge and Verification phases must be pass before a candidate may become a Fidelcrest prop trader. If you trade on a funded account without profit objectives for 30 days, you can retain up to 80% of your gains. It would help if you took care not to incur more losses than are legally permissible.
To take your trading to the next level, you also need to follow these extra steps:
6. Expanding on a Grander Scale
If you’re making good use of the professional account and would like to upgrade your investment, you may get in touch with the support staff and join the scaling plan. If you have a cumulative gain of at least 15% for three consecutive months, your investment allocation will rise by 25%.
7. We Will Be Taking On Larger Accounts
Accounts at both the Verification and Professional levels are unlimited in number. After getting the hang of things with your current account, you may begin the process again for higher capital levels by paying the appropriate cost and completing the Challenge.
How Topstep Work
The screening procedure for potential traders consists of two stages. Although this is an additional step compared to rivals like Earn2Trade and Profit, it is a logical method to guarantee traders only obtain a funded profile when they are ready. Leeloo and FTMO are only two examples of funded account providers who use a two-stage process.
Users must show they can make a profit and handle the risks involved in the process. Users’ accounts are financed once they’ve proven their competence and eligibility. Users can receive up to 90% of revenues, albeit this fluctuates depending on their profile type. Topstep’s financing trading program is the fastest in the business, with the top step review procedure completed in as few as eight days.
Because Topstep is not a broker-dealer, it is not subject to oversight by any monetary authorities. That is the norm for private investments that do not need to comply with any legislative security criteria. However, platforms’ security, such as the availability of two-factor authentication or biometric logins, should still be reviewed.
Topsteptrader offers a risk management team that keeps an eye on accounts as an extra layer of protection.