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.
• Once the Challenge phase has been completed you are ready to enter Funded 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: Funded Verification phase

• Prove that you can trade with a funded account with responsible and consistent strategy
• Reach min. profit target within 30 calendar days without violating any rules or trading objectives.
• You can withdraw your commission for that trading period once you have reached min. profit target for commission payout and passed the verification phase. After that, you are ready to enter Funded Professional Account phase.

STEP 3: Funded Professional account

• You are now one of our team members and you will receive commission after every trading period you’ve managed to reach agreed min. profit target for commission.
• You can trade your Funded Professional account as long as you won’t reach loss limits or violate any trading rules and objectives. Each trading period takes 30 calendar days.

Trading period starts any time you will open your position and it will end after 30 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 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 $100,000 capital targeting min. 10% = your profit target is $10,000.

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