Q & A – The Trading Challenge
- Reach the profit target within 30 calendar days
- Not to hit daily or maximum loss limits
- To reach a minimum amount of trading days (Normal strategy 10, aggressive 5). Trading day = you have to open at least one position every trading day
- To close all positions after you have reached the profit target and minimum amount of trading days
We have the rule because it’s very easy to generate huge gains with scalping the market on demo accounts. Please note that we copy funded account trades to our live coverage account where we pay out your share of profits.
There is no slippage on demo accounts and we cannot replicate such trades on live environment with a funded account.
Congratulations! You have now become one of our funded traders.
Before starting your funded account, you have to upload required KYC documents in the Trader area and sign an agreement (digitally in the Trader area).
Funded Verification trading periods always start 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.
No you can’t – it’s only allowed to trade one Challenge account at a time.
Yes! This offer applies to all MicroFX+ account sizes and trading strategies. You will get your evaluation fee refunded to your bonus wallet if you have used promo code “2NDFREE” when purchasing the trading challenge, if you have paid normal price (not used any other discount codes or your bonus balance) and after you have completed the challenge phase. You can’t withdraw funds from the bonus wallet but you can use the balance for example to purchase new challenge accounts.
Currently available brokers are: TradeView, IC Markets, XM Markets, Blueberry Markets, Purple Trading, Pepperstone, RoboForex.
Fidelcrest Challenge (phase 1) traders are allowed to trade all available instruments with a chosen broker. This includes but not limited to: FX, CFDs, Cryptos, Metals, Commodities, Stock CFDs.
With Fidelcrest, you can trade using MT4/MT5 or cTrader platforms (ProFX+ only).
Trading period is always 30 calendar days.
Minimum trading period is 5 trading days (MicroFX+ Aggressive). You will receive a funded account within 3 business days since the status has been set to “Completed”. Please note that the funded account trading period always starts on Mondays 2pm EE(S)T.
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
Maximum loss: This rule can also be called “account stop-loss”. Maximum Loss is the difference between your highest recorded balance and your current equity.
Maximum daily loss: 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 daily equity decrease must not hit the predetermined limit. The counting formula: Current daily loss = equity at the start of the day – current equity.
In such a case, you can try again by purchasing a new Challenge account.
Yes, you can trade news but please be careful as high impact economic news releases can cause extremely volatile market conditions.
No, you don’t. you are not required to use stop loss orders but it is recommended that you do.
Yes, you can keep trades overnight.
No, in the Trading Challenge you can keep trades open over weekends and trading holidays.
All positions have to be liquidated before the trading period ends.
Fidelcrest and its investors are mostly looking for real traders who can trade based on their own analysis and don’t rely on EA’s or trading robots. However, since our business is to find profitable traders, an exception for EA’s and trading robots might be granted by our Risk Team. In order to get such exception, please contact our Customer Support Team.
Please remember that showing proper risk management is one of the key values we look for in our traders.
Copying trades from another account is not allowed due to risk management, nor are you allowed to let a 3rd party trade your account.
Yes, your trading strategy is totally up to you but we’re looking for consistency with your trading during all phases.
Challenge phase is designed to evaluate your trading and risk management skills with a demo account. Your trades won’t be executed on real markets so there is no profit to share in the real world. Once you complete the Challenge, we have the data and proof you can manage a funded account.
All traders who have completed their first trading period with a Professional Account can opt for Fidelcrest Scaling Plan to reach $800,000 in account balance.
It only takes 12 months to double your initial balance. That is quicker than any other proprietary trading company is offering.
After 12 months, you can be trading $800 000.
After you have completed your first trading period with a Professional Account, please contact our customer support team to ask for an Agreement for the Scaling plan. After agreement is signed, you will automatically be added to Fidelcrest Scaling Plan.
We can make certain exceptions to allow keep on scaling after one year if the trader has shown exceptional gains and good risk management with their Professional Account.
Questions & Answers
Explore our Knowledge Base to find answers to frequently asked questions