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Technical Updates2020-09-24T18:51:41+00:00

TECHNICAL UPDATES

1410, 2020

POSITIVE DAYS – DETAILED EXPLANATION ERROR CORRECTED

October 14th, 2020|

We found an error on our website “Positive Days / Detailed Explanations”. Monitoring has been always set to to monitor equity not balance. This error has been now fixed. Correct explanation is:

“You must reach at least 10 positive trading days during the Challenge and Verification phase, where a positive day is considered to be such a day when the value of the account equity is higher at 23:59:59 EE(S)T than it was on the same day at 0:00:01 EE(S)T. After completing the verification phase positive days are no longer monitored/required.”

710, 2020

IMPORTANT UPDATES + 30% OFF Discount Code

October 7th, 2020|

The Fidelcrest Team constantly strives to provide you with the proper tools, information, and resources to help you on your journey to become a Fidelcrest Funded Trader. We constantly monitor Trader Accounts and listen to Feedback on our various communication channels.

With that being said, we have made important updates to our Funding Program including updated Challenge Rules and TOU.

Starting today, Fidelcrest will be offering our ProFX and MicroFX Challenges with 2 Trading Strategy Options: Normal and Aggressive. (Previously we had Low, Medium, and Aggressive Risk)

Minimum Profit Target to Keep Funded Accounts Rule has been removed from Funded Pro Accounts. (Previously Traders were required to meet Profit Targets in order to keep Funded Accounts.)

You can get a full overview for each Challenge by logging in to your Account Dashboard. ***Please review the TOU in detail for the Challenge you will be trading.

Tools Added

 

Margin Calculator

The Margin Calculator is an important tool that calculates the margin needed to open a trade. It enables you to properly manage your trade and determine the lot size, leverage, and margin use so as not to exceed the Margin Rules for your Challenge.

Economic Calendar

We have added a link to the FXStreet Economic Calendar to help you plan your trades around HIGH IMPACT News Events. The FXStreet Economic Calendar also has a downloadable app with alert notifications. (Note: It is strictly prohibited to open orders on ANY instrument 5 minutes before and 5 minutes after ALL HIGH IMPACT NEWS EVENTS. High Impact News events can affect instruments that are not directly correlated to the country releasing the economic data.)

 

Both tools are accessible within your Fidelcrest Account Dashboard.

 

Stop Loss Rule Update

Starting today, Stop Loss is only required during the Challenge Phase and no longer a requirement for Funded Accounts. Even with the change to this Rule, we highly recommend using SL on all trades. (Previously Traders were required to use Stop Loss across all Challenges and Funded Accounts.)

IMPORTANT NOTE

We ask all Traders to go over the Challenge Terms and Rules for the relevant Challenge Account they will be trading. It is your responsibility to make sure you understand ALL terms and conditions prior to purchasing a Challenge.

If you have any questions, you can always reach out to our Customer Support team on our website chat.

Think You Have What It Takes To Become A Fidelcrest Funded Trader?

Get 30% OFF Your Next Challenge

Use Code: GETFUNDED30
(Code Expires Monday October 11, 2020 @ Midnight!
Valid for all Challenges except $400K)

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2409, 2020

News event trading violations now automatically monitored

September 24th, 2020|

TECHNICAL IMPROVEMENTS:

  • Red news trading monitoring is now automated.
  • Violations added to monitoring report
  • Failure message will include which trades were violations and related to which news. Same info is in the monitoring report.
  • 24 news event trading violation found among active challenge accounts and 4 among funded accounts

Example of updated monitoring report with news event trading violations: OPEN

2209, 2020

BTC Server down

September 22nd, 2020|

Bitcoin deposits or withdraws are not possible at the moment until further notice due to server problems.

We are working to solve problems within next 48h.

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