Before we allow you to trade for our Proprietary Trading Firm, we need to be sure that you can manage risk. For this reason, we developed Trading Objectives. By meeting the Trading Objectives, you prove that you are a disciplined and experienced trader. Your trading style is entirely up to you; we don’t set any limits on instruments or position size you trade.

STEP 1: Trading Challenge phase

• Prove that you can trade by reaching min. profit target within 30 calendar days without violating any rules or trading objectives.
• You can require an account review after you have closed all open positions and min. trading days objective have been met.
• Once the Challenge phase has been completed you are ready to enter Verification phase and start earning real money.
• If you will violate any rules or objectives, your challenge account will be failed. All Fidelcrest accounts have automatic 24/7 monitoring.

STEP 2: Verification phase

• Continue trading with a verification account and prove during the max 60 days trading period you weren’t just lucky in the challenge phase. Upon successful completion you will keep up to 50% of reached profit target.

STEP 3: Fidelcrest Trader

• You can now start trading Fidelcrest proprietary trading firm’s capital without profit targets as long as you won’t reach max. loss limits. Your commission is up to 80% of all profits made after each trading period of 5 trading days to 30 days.
• You can require an account review after you have closed all open positions and min. trading days objective have been met.

Trading Challenge period starts any time you will open your position and it will end after 30 calendar days. In verification phase trading period is extended to 60 calendar days.

To meet this objective, depending on chosen trading strategy, you must trade for 5 to 10 trading days during the trading period. At least one position must be opened on each of these days.

• A trading day means a day when at least one trade is executed
• If a trade is held over multiple days, the day when the trade was executed is considered as the trading day.
• You can proceed to the next phase without need to wait until the maximum trading period of 30 or 60 days will end

This rule can also be called “account stop-loss”. Maximum Loss is the difference between your highest recorded balance and your current equity.

Depending on your trading program, phase and chosen trading strategy the difference between highest recorded balance and subsequent lowest equity cannot reach below 5% – 20%.

For example if the maximum loss is 5%, here is the formula for Maximum Loss calculation:

• Current Equity / Highest Recorded Balance x 100% = must be over 95% at all times.

This rule can also be called “trader’s daily stop-loss”. The rule says that in any moment of the day (EE(S)T – Eastern European Summer Time), the result of all closed positions in sum with the currently open floating P/Ls (profits/losses) must not hit the determined daily loss limit. 

The counting formula: Current daily loss = results of closed positions of this day + result of open positions.

Maximum leverage with all accounts is 1:100.

Depending on chosen trading strategy and phase the minimum profit target to complete the phase or earn commission is set between 5% to 20% of the initial balance. Profit target means that a trader reaches a profit of at least 5% to 20% of the initial account balance in the sum of closed positions on the assigned trading account in 30 trading days. Also, at the end of the trading period, all positions must be closed.

For example: If you trade Challenge with $10,000 capital targeting min. 10% = your profit target is $1,000.

After you have completed the Verification period (Phase 2), minimum profit target will be removed. You can trade your phase 3 accounts as long as you won’t reach max loss limits or violate other rules or objectives.