FAQ
Find answers to the most Frequently Asked Questions. If you still need help, you can always use our Chat Support!
F.A.Q.
Yes! You are more than welcome to use your Expert Advisor (EA). But please use caution.
TIP: Make sure you are able to set your EA settings to hold trades at least 10 seconds and that they have Stop Loss (SL). If these are not set, you risk violating our Challenge Rules. All trades must be held at least 10 seconds and must have SL on every trade.
It is prohibited to trade 5 minutes before and after major (red) news releases! . (Economic News Calendar can be found within your account dashboard)
Yes, hedging is allowed while trading with us. Also, our open positions number is not limited. Please be aware of the Margin limits when hedging your positions especially if you are using a Expert Advisor (EA).
For example, you might be taking a position for a currency pair, and neither the base nor the quote currency is the same as the currency used on your account. As a result, the margin requirement for these kinds of trades can be calculated in a currency that is different from what your own account deals with, which makes calculating margins a bit more difficult.
Let’s say that you decided to trade with GBP and JPY. The currency you use in your account is USD. Suppose that you then decide to take a position with 10,000 units of currency. This means that you are buying 10,000 GBP against an equivalent number of JPY. You are paying in JPY and buying in GBP, but in reality, you are buying JPY with USD. As far as your broker is concerned, your margin requirement will be calculated solely in USD, or your main account currency.
The formula is: MarginPercentage = (MT4_margin / MT4_equity * 100)
Even if margin stays constant, equity is still moving up and down, changing the margin %.
Our North American traders get 1:100 leverage, hedging and their accounts have no FIFO-rule. Also, they can trade with brokers that might not accept North American clients at all.
Fidelcrest has a pool of Investors and Investor Capital that is allocated towards live trading accounts. We provided traders with access to this capital once they become a Funded Fidelcrest Trader.
This form of trading is not prohibited or monitored in the Challenge phase. However, it is not possible to trade news straddling when you receive the funded Fidelcrest account and therefore we do not recommend it even in the test phases. Following is the reason:
It may seem that significant price movements on macroeconomic reports have a great potential for profit, but it is very important to emphasize that trading on DEMO accounts does not respect real market liquidity.
Yes! We have traders from all over the globe. Since we are not a Broker, we are able to provide these services and Funded Accounts to anyone worldwide. As a Funded Trader, you will be responsible for adhering to your local taxation laws yourself.
No you don’t have to. You have to close all open positions in the end of trading period only.
(Old revision version applies to accounts purchased before 21st of June: MicroFx traders can keep trades open for overnight or over the weekend as well. ProFx traders have to close all positions over the weekend, but not daily.)
You have to start trading with 14 days from applying to the program. Once you execute your first trade, a 30- trading day period starts automatically. After 30 trading days, the Challenge is automatically deactivated and all open positions are closed.
We want to provide traders with access to Investment Capital and trade on our behalf. The Fee allows us to separate traders with a excellent skill set and not a gamblers mindset. We are looking to establish a long term relationship with Funded Traders that are able to prove their strategy and trading abilities work with real investment capital. If a trader is not willing to risk a bit of their own capital (Challenge Fee), they tend to have a more relaxed mindset on losses and trade riskier strategies.
The good news is that you cannot lose more than this fee. On top of that, the Challenge fee will be refunded back to you with your first profit withdrawal from the Funded Professional Account.
MicroFx traders can trade with Metatrader 4 or 5. ProFx traders can also choose cTrader.
Forex is the main instrument with all trading programs but traders can to trade with all additional instruments the chosen broker is offering. Availability of additional instruments may different time to time depending on the broker and market situation. For example during the COVID-19 crises we were forced to limit amount of available instruments due to potential massive risks for our investors.
It depends on account size / trading program you have chosen. MicroFx traders who are still learning risk management don’t have to close positions with funded account daily (for weekends only). ProFx traders have to close positions daily.
Yes you do.
What is a High-Water Mark?
A high-water mark is the highest peak in value that an investment fund or account has reached. This term is often used in the context of fund manager compensation, which is performance-based. The high-water mark ensures the manager does not get paid large sums for poor performance. If the manager loses money over a period, he must get the fund above the high-water mark before receiving a performance bonus from the assets under management (AUM).
After we sign a contract, you will receive your trading profits (up to 90%) based on the chosen risk strategy and you will need to deal with taxes on your own.
Trader commissions after the trading challenge (Professional Account) 10 – 30 trading days per trading period:
- 30% (low risk), 40% (medium risk) and 50% (aggressive) of min. profit target + 70% (low risk), 80% (medium risk) and 90% (aggressive) of all profits above min. profit target after each completed trading period of 30 days.
- Min. profit targets to earn commission with the funded professional account is: Low risk 2.5%, Medium Risk 5% and Aggressive 10%
Don’t worry, the losses are covered by the investor. As long as the Daily loss limit or the Maximum draw-down is not hit, you are free to trade. In the unfortunate situation you hit one of these two limits, your open positions will be automatically closed and you will be contacted by us.
At this stage, your trading account is approved by Fidelcrest investor and you will start trading a funded professional account.
Binding rules are the limits on maximum daily loss and maximum loss, maximum daily margin usage and maximum margin usage as our mutual trust is based on them.
A Professional Trader also needs to reach the minimum targets based on risk level from previous performance.
Because real money is at stake, at this stage, a trader must avoid the uncontrolled risk associated with off-market hours positions holding and also holding during the macroeconomic news that tends to have a significant effect on the market liquidity. For the above reasons it is not permitted to trade in those situations on the Professional Fidelcrest account and we require you not to open any new position 5 minutes before up till 5 minutes after the major news release. This doesn’t include speeches. We regularly inform our funded traders about the upcoming news and we will provide a table of the important macroeconomic releases and their affected instruments. Read more: Sign up
The account will be controlled by our company.
The account management works through the demo account which is connected to our live account with a real capital. Your profits will always come from the results of your demo account.
The relationship between a trader and our company is based on the Contract Agreement that we will send you for signing after you have completed the Trading Challenge.
The whole process depends on your performance during the Challenge. In the best case scenario, it only takes 10 trading days because we require you to trade 10 days in the Challenge.
POPULAR PROGRAMS
Fidelcrest has the widest range of trading program options in the whole industry. You can choose from 24 different account types and trading strategies. Small accounts (MicroFx) are perfect for those who are still learning and challenge phase is very is to complete. Our bigger accounts (ProFx) are for more experienced traders who have already learned risk management skills otherwise saying how to make stable profit without risking too much investor capital.
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10
SHORTEST AMOUNT OF DAYS TO GET FUNDED
$400,000
THE BIGGEST FUNDED ACCOUNT
172
COUNTRIES REPRESENTED IN OUR TRADING COMMUNITY
10
SHORTEST AMOUNT OF
DAYS TO GET FUNDED
$400,000
THE BIGGEST
FUNDED ACCOUNT
172
COUNTRIES REPRESENTED IN OUR TRADING COMMUNITY