Find answers from our frequently asked questions sector or start chat with our friendly customer support.
Yes, hedging is allowed while trading with us. Also, our open positions number is not limited.
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.
The adequate reserve of capital for Professional accounts come from Challenge fees and from private investors looking for signals from Fidelcrest traders. If you are interested to find top traders in the world please don’t hesitate to contact us for more information!
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.
Since we are not a brokerage company, we do not fall under the regulatory restrictions related to acceptance of clients from the USA, Canada or elsewhere. Hence, even clients from the USA are welcome to trade our Challenge and be funded by our company.
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.
The fee is mainly to raise more trading capital for Fidelcrest traders who have passed the Trading Challenge but it also covers our trader monitoring expenses and serves as a trader’s commitment to treat the account with utmost responsibility. A trader has something in the game and the trader monitoring team is working. Also, the fee is just a marginal percentage compared to the account size that you will receive from us and our investors. In other words, the fee is a key towards a funded Professional Fidelcrest account and to gain financial independence. 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.
The profit (in percentage) depends on the chosen risk strategy and how long you have been trading your account (up to 90%).
Aggressive Strategy – Fidelcrest Trader targeting min 10%/month. Trader Commission per month from monthly profits, based on HWM:
- Level 1: 60% (min. profit target reached for 1 month)
- Level 2: 65% (min. profit target reached for 2 months)
- Level 3: 70% (min. profit target reached for 3 months)
- Level 4: 75% (min. profit target reached for 4 months)
- Level 5: 80% (min. profit target reached for 5 months)
- Level 6: 85% (min. profit target reached for 6 months)
- Level 7: 90% (min. profit target reached for 7 months)
Medium Risk Strategy – Fidelcrest Trader targeting min 5%/month. Trader Commission per month from monthly profits, based on HWM:
- Level 1: 50% (min. profit target reached for 1 month)
- Level 2: 55% (min. profit target reached for 2 months)
- Level 3: 60% (min. profit target reached for 3 months)
- Level 4: 65% (min. profit target reached for 4 months)
- Level 5: 70% (min. profit target reached for 5 months)
- Level 6: 75% (min. profit target reached for 6 months)
- Level 7: 80% (min. profit target reached for 7 months)
- Level 8: 85% (min. profit target reached for 8 months)
- Level 9: 90% (min. profit target reached for 8 months)
Low Risk Strategy – Fidelcrest Trader targeting min 2.5%/month. Trader Commission per month from monthly profits, based on HWM:
- Level 1: 40% (min. profit target reached for 1 month)
- Level 2: 45% (min. profit target reached for 2 months)
- Level 3: 50% (min. profit target reached for 3 months)
- Level 4: 55% (min. profit target reached for 4 months)
- Level 5: 60% (min. profit target reached for 5 months)
- Level 6: 65% (min. profit target reached for 6 months)
- Level 7: 70% (min. profit target reached for 7 months)
- Level: 8: 75% (min. profit target reached for 8 months)
- Level 9: 80% (min. profit target reached for 9 months)
- Level 10: 85% (min. profit target reached for 10 months)
- Level 11: 90% (min. profit target reached for 11+ months)
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.
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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