Find answers to the most Frequently Asked Questions.
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F.A.Q.
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 and after completing the Challenge you can start earning real money.
Normal Risk Strategy: After reaching a profit target with a funded Verification account (Phase 2) The trader will get 40% commission of trading profits. With a funded Professional account (Phase 3) The trader will get 40% commission of reached profit target + 80% of whatever trader makes on top of profit target.
Aggressive Risk Strategy: After reaching a profit target with a funded Verification account (Phase 2) The trader will get 50% commission of trading profits. With a funded Professional account (Phase 3) The trader will get 50% commission of reached profit target + 90% of whatever trader makes on top of profit target.
Our traders are allowed to trade all available instruments with a chosen broker. This includes but not limited: FX, CFDs, Cryptos, Metals, Commodities, Stock CFDs.
Currently available brokers are: TradeView, IC Markets, XM Markets, Blueberry Markets, Purple Trading, Pepperstone, RoboForex.
With Fidelcrest, you can trade using MT4/MT5 or cTrader platforms.
You can start the Challenge as soon as you’ve received Challenge account logins to your registered email. Alternatively, you can check account login credentials by logging in to your Trader Area. Challenge must be started within 14 days of receiving account logins.
You can receive your first commission payment already during Step 2 when you reach the profit target. Earned commission is transferred to your account wallet where you can request a withdrawal to your bank account or BTC wallet.
STEP 1: Trading Challenge phase – 30 trading/business days
STEP 2: Funded Verification phase – 30 calendar days
STEP 3: Funded Professional account – 30 calendar days
Trader commissions are paid after reaching an agreed profit target at the end of each trading period. Trading profits are paid to your Fidelcrest wallet. You can withdraw funds from your wallet anytime during business hours to your bank account or BTC wallet.
All rules and objectives are available in Trader Area or on our website https://fidelcrest.com/programs
Traders are allowed to trade max 2 challenge phase accounts, only 1 funded verification phase account and max 2 funded professional account at the same time.
You can increase your trading capital by purchasing additional Challenge accounts and completing them.
You can start trading your funded Professional account earliest when your Verification period has been completed and you’ve reached trading objectives with your Verification account (Step 2) without violating any rules. Before starting you have to sign an agreement (digitally in the Trader area). Funded Professional trading periods start always on Mondays 2pm EE(S)T. You will receive your new account credentials normally at least 4 hours before the agreed start time via email.
Please note that the profit target to reach is notably lower during Step 2, so it’s much easier to achieve and advance to a funded Professional account.
You can start trading your funded Verification account earliest when your Challenge period has been completed and you’ve reached trading objectives with your Challenge account (Step 1) without violating any rules. Before starting you have to upload required KYC documents in Trader area and sign an agreement (digitally in the Trader area). Funded Verification trading periods start always on Mondays 2pm EE(S)T. You will receive your new account credentials normally at least 4 hours before the agreed start time via email.
Profit target must be reached in order to advance to the next step. However, you will get a second Challenge Account free of charge provided you haven’t violated any rules or other objectives.
In short – we are looking for profitable traders to connect them with investor funds for mutually beneficial cooperation. We validate traders’ ability to abide by money management rules and reach a profit target. Up to $400 000 is made available to manage for traders who pass our validation process. After that, a share of profits trader makes each month will be paid out as a commission payout when rules and objectives are followed.
Proprietary Trading Company is a company which invests its own resources in a trader instead of using clients’ money. Prop trading involves using the capital of a company to trade different markets for profit. A prop trader gets a share of the profits they make on behalf of invested capital.
Fidelcrest is a proprietary trading company and not a broker.
Fidelcrest Kft is registered in Budapest, Hungary. Our management team is located in Europe and USA. Our support team members are located in Europe, Asia, Africa and North and South America.
Fidelcrest Kft is registered at 1077 Budapest, Wesselényi utca 66, Hungary and is regulated by the Hungarian law.
EU Identification number: HUOCCSZ.01-09-348083
EU VATN: HU27076363
We have currently 6000+ traders from all over the world and the number is increasing every month – we are here for the long run.
First of all, not paying a trader would be considered as fraudulent behavior on behalf of the company: the company is bound by the agreement with the trader, as much as the trader. Agreement is in place, to ensure that we as a company respect the rules of mutual cooperation.
Unlike many similar companies, Fidelcrest invests in every single trader who passes the Challenge. All your trades are processed straight through (STPd) to the live market. That way, you can be sure that when you make profit, we have funds to pay out commissions as well.
This also ensures that we really do want you to be profitable and keep trader-company cooperation as long as possible.
Fidelcrest is an international team of traders and trading professionals. All our team members have been involved in trading one way or another. Our senior team members have over 10 years of experience in trading and working for several FX brokerage companies.
You would need to sign up here and purchase a Challenge: https://my.challenge.fidelcrest.com/index.php?p=register
All you need to do after that is complete the Challenge by reaching the profit target without violating rules stated in Terms of Use and start earning trading commission.
Evaluation fees are charged because there are IT and staff costs involved with account setup, monitoring and trader support. Please remember that the fee is only a marginal amount of the funds you will be trading once you pass the Challenge.
No you can’t. Every trader needs to complete the Challenge in order to start earning commissions on trading profits.
Unfortunately, some traders who fail their Challenge or Professional Account feel the need to blame us for their own undoing. The most common reason for failure is a simple fact that traders don’t take their time to read about our trading and risk management rules. We encourage every client in every step of the process to be familiar with rules and objectives. The easiest way for such traders is to write a negative review online when in fact there is no blame on us.
Fidelcrest has headquarters in Budapest, Hungary but as we are 100% digital company we are here available to meet you every business day, online. Fidelcrest also organizes events/meetings for traders, team members and investors normally at least 4 times a year. Unfortunately due to Covid-19 we have been forced to postpone planned events and meetings in the future.
Please contact our customer support to schedule a meeting with management.
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 became a Funded Fidelcrest Trader.
Unfortunately we are not allowed to share contact information to 3rd parties.
That is not possible at the moment but we are working on a copy-trading solution.
Fidelcrest is constantly looking for professionals who can contribute to our growth. All available vacancies can be seen here: https://fidelcrest.com/careers
Traders are allowed to trade max 2 challenge phase accounts, only 1 funded verification phase account and max 2 funded professional account at the same time.
During the Challenge phase, the profit target must be reached in order to advance. If the profit target is not reached within 30 trading days then the Challenge is failed.
SECOND CHANCE: if you can’t reach the profit target during the Challenge phase you will get a second Challenge Account free of charge provided you haven’t violated any rules or other objectives.
During the Verification phase, you keep the account when you are above 0% by the end of the trading period. If you don’t reach the target then no commissions are paid out for that trading period.
With a Professional account, you can even have losing months and still keep the account. Commissions are paid out once you reach the profit target.
The client has the right to get a refund for the ordered services within 14 days of purchasing the services (Fidelcrest Trading Challenge Evaluation Fee). Please note that this does not apply after starting to use the services, meaning opening the first trade on the allocated Challenge account.
There is no minimum profit target during step 3 to keep an account, even if you end up negative during your trading period. You can try to reach a profit target during the next trading period as long as you don’t violate any limits or rules detailed in your Professional Trader Agreement.
Profit target must be reached in order to earn commission from trading profits.
Although we highly recommend using SL orders on all trades, it is not required during step 2 and step 3.
No you can’t – it is prohibited to open orders on any instrument 5 minutes before and after high impact news. Economic events that cannot be traded can be found in Trader Area under menu link “Economic Calendar”.
Please remember, high impact news can affect instruments that are not directly correlated to the country releasing its economic data.
Yes, this is allowed but due to possible latency issues, not recommended.
This is an extra cautionary measure and shows trader’s discipline with money management. SL orders are only required during step 1.
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 became a Funded Fidelcrest Trader.
During the Challenge phase, the profit target must be reached in order to advance. If the profit target is not reached within 30 trading days then the Challenge is failed. However Fidelcrest gives a second try FREE OF CHARGE to everyone who couldn’t reach the profit target with the first try. This policy applies only to those traders who didn’t violate any rules or reached maximum loss limits during their FIRST challenge period.
During the Funded Verification phase, you keep the account when you are above 0% by the end of the trading period. If you don’t reach the target then no commissions are paid out for that trading period.
With a Funded Professional account, you can even have losing months and still keep the account. Commissions are paid out once you reach the profit target.
The agreements we have in place with our investors are much more strict than a trading agreement, as a matter of fact, each investor has their own set of terms for Fidelcrest, many have a minimum payout amount per specified term, which Fidelcrest is bound to pay regardless of the portfolio performance.
All losses are covered by Fidelcrest. That is the reason why we have Maximum loss limits to prevent losing all of allocated trading capital and protect investor funds.
You can trade your Professional Funded account as long as you don’t violate any rules stated in your agreement.
All rules stated in Terms of Use must be followed. Our proprietary trading monitoring system sets account status to “Failed” when any of the rules are violated. In such a case, you can purchase a new Challenge and try again to get funded.
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 an Expert Advisor (EA).
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 Fidelcrest Trader, you will get 1:100 leverage and no FIFO-rule. You are also able to trade Fidelcrest accounts with brokers that might not accept North American clients. Just remember that you are responsible for adhering to your local taxation laws yourself.
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 %.
This form of trading is prohibited.
No you don’t have to. In the challenge and Verification phases all positions will be closed for weekends (Friday 24:00, EE(S)T +3) and with a Funded Professional account all positions will be closed latest on the last day of the trading period.
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. Fidelcrest offers accountable receipt from each transactions via email.
Please find all rules and objectives from account pages or Sign up to download full TOU
The account will be controlled by our company.
The account management works through the demo account (Signal provider account) which is connected to our live account with a real capital (copy-trading account). Each trading period requires a new account. You will receive your account credentials always by email.
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.
BECOME A PRO(fx) TRADER!
The Fidelcrest ProFx Program has been developed to discover professional level traders who are able to manage funded accounts up to $400K. You can trade all available instruments provided by the Brokers.
ProFx risk strategy options are a normal risk strategy with min. profit target of 7.5%/period and an aggressive strategy with a min profit target of 15%/period. After completing the Challenge phase min. profit targets are reduced to 5% with normal and 10% with aggressive accounts.
You can start earning up to 50% commission right after completing the Challenge phase.
After passing the Challenge and Evaluation Phase, you move on to the Professional Account. The Professional Account has no minimum Profit Targets and you can keep the account as long as no Rules are violated. Professional Account commissions are from 40% to 90%.
MicroFX ACCOUNT TYPES AND SIZES
Fidelcrest MicroFx Program has been developed to discover skilled traders who are able to manage accounts up to $20.000. You can trade all instruments our cooperating brokers are offering.
MicroFx risk strategy options are a normal risk strategy with min. profit target of 5%/period and an aggressive strategy with a min profit target of 10%/period per period. After you have completed the Challenge phase min. profit targets to receive commission are reduced to 2.5% with a normal strategy and to 5% with an aggressive strategy.
You can start earning up to 50% commission right after completing the Challenge phase.
Once you have passed the evaluation phase you can trade your professional account as long as you haven’t reached loss limits or violated any other trading objectives. Professional Account commissions are from 40% to 90%.
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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