Fidelcrest

GENERAL INFORMATION

Fidelcrest Ltd is an online trading platform that offers services in Forex, commodities, stocks, indices, cryptocurrencies, and metals. It is based in Saint Vincent and the Grenadines and has been operating for 2-5 years. However, it's important to note that Fidelcrest lacks valid regulation, which raises concerns about the platform's adherence to industry standards and regulations. This lack of regulation may expose traders to potential risks, including fraudulent activities or unethical practices. Traders should exercise caution and consider alternative regulated brokers for greater security and accountability.

Fidelcrest provides two main account types: MicroFX+ (Normal and Aggressive) and ProFX+ (Normal and Aggressive). These accounts cater to traders of different experience levels and risk appetites. The MicroFX+ program is suitable for beginners and offers smaller account sizes, while the ProFX+ program is designed for experienced traders and offers larger account sizes. Profit-sharing arrangements differ based on the account type, and traders are encouraged to use proper risk management techniques.

The trading platform supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are popular and widely used platforms in the industry. These platforms offer advanced features, tools for technical analysis, and automated trading capabilities. Traders can access real-time market data, place trades, and implement various trading strategies using these platforms.

Fidelcrest offers a maximum leverage of 1:100, allowing traders to amplify their buying power. The platform provides spreads from 0 pips and does not charge commissions on trades. Traders can make deposits and withdrawals using various payment methods, including Visa/Mastercard, wire transfers, cryptocurrencies, e-wallets, and payment gateways.

In terms of educational resources, Fidelcrest offers a blog with educational articles covering trading topics and a questions and answers section. The platform also provides traders with a dashboard or trader's area, an economic calendar, and a leaderboard to track progress and stay updated on market events.

Customer support is available through email, live chat, and Facebook chat. Traders can also join the Fidelcrest trader community on Telegram to engage with other traders and learn from their experiences.

Pros and Cons

Fidelcrest offers a user-friendly interface and multiple account types, making it accessible to traders with varying needs. The platform provides access to a wide range of trading instruments, allowing users to diversify their portfolios. Fidelcrest's comprehensive evaluation process ensures that traders are assessed based on their performance. However, one notable drawback is the lack of information on deposit requirements, which may leave potential users uncertain about the financial commitment involved. Additionally, the platform could benefit from expanding its educational resources to further support traders in their journey. Transparency in fee structure is another area that could be improved, as users may find it challenging to obtain clear information on fees. Lastly, while the platform offers customer support, the options may be limited, which could impact the overall user experience.

Is Fidelcrest Legit？

Fidelcrest is a trading platform that lacks valid regulation at the moment. As a result, it is important to exercise caution and be aware of the associated risks. The absence of regulation means that the platform may not adhere to the industry standards and regulations that are in place to protect traders' interests. Without proper regulation, there is a higher likelihood of encountering fraudulent activities or unethical practices. It is advisable to consider alternative regulated brokers that provide a higher level of security and accountability for your investments.

MARKET INSTRUMENT

Fidelcrest offers a wide range of market instruments for trading, including:

1. Forex: Fidelcrest provides access to various currency pairs for forex trading. Traders can participate in the foreign exchange market and trade major, minor, and exotic currency pairs.

2. Commodities: Fidelcrest allows traders to trade commodities, including precious metals like gold and silver, energy commodities like crude oil and natural gas, agricultural commodities like corn and wheat, and other commodities such as coffee and sugar.

3. Stocks: Traders can also engage in stock trading through Fidelcrest. The platform offers a selection of stocks from different markets, allowing traders to invest in individual companies and participate in the equity market.

4. Indices: Fidelcrest provides access to a range of indices, which represent the performance of a group of stocks from a specific market or sector. Traders can trade contracts for difference (CFDs) based on various indices, enabling them to speculate on the overall performance of a market or a specific sector.

5. Cryptocurrencies: Fidelcrest offers trading opportunities in cryptocurrencies, allowing traders to trade popular digital currencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and more. Traders can take advantage of the volatility and potential profits in the cryptocurrency market.

6. Metals: Fidelcrest allows traders to trade precious metals like gold, silver, platinum, and palladium. These metals are often considered safe-haven assets and can be traded for speculative purposes or as a hedge against market volatility.

Fidelcrest offers two main trading programs: MicroFX+ and ProFX+, each with different account options and terms.

1. MicroFX+:

· This program is suitable for traders who are starting out or want to test their trading skills.

· Two account options: MicroFX+ Normal and MicroFX+ Aggressive.

· Account sizes range from $5,000 to $20,000.

· Profit targets and maximum losses vary based on the account type.

· Profit share during the evaluation phase is 40%, and once funded, it increases to 70% (or 80% for Aggressive accounts).

· The program requires a minimum trading period, ranging from 5 to 10 days.

· A one-time fee of €99 to €199 is applicable.

· The successful completion of the MicroFX Challenge refunds the evaluation fee, which can be used for future challenge accounts.

2. ProFX+:

· This program is designed for experienced traders with good risk management skills.

· Two account options: ProFX+ Normal and ProFX+ Aggressive.

· Account sizes range from $50,000 to $400,000.

· Profit targets and maximum losses vary based on the account type.

· Profit share during the evaluation phase is 40%, and once funded, it increases to 70% (or 80% for Aggressive accounts).

· The program requires a minimum trading period of 10 days.

· A one-time fee of €349 to €1,499 is applicable.

Both programs allows traders to use their preferred techniques as long as they demonstrate consistency and proper risk management. Traders are not required to use stop-loss orders, but they are encouraged. Swing trading strategies are allowed, and positions can be held overnight, over weekends, or holidays. The use of EAs and trading robots is generally restricted, but exceptions may be granted upon contacting Fidelcrest's Customer Support Team. Third-party trading and copy trading are not allowed.

Pros and Cons

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How to Open an Account？

To open an account with Fidelcrest, you can follow these steps:

1. Visit the Fidelcrest website: Go to the Fidelcrest website using a web browser of your choice.

2. Click on “Start Now” or “Sign Up”: Look for the “Start Now” or “Sign Up” button on the website's homepage or any relevant section. This button is usually prominently displayed and is meant to initiate the account creation process.

3. Fill out the registration form: Once you click on “Start Now” or “Sign Up,” you will be directed to a registration form. Fill out the required information accurately, which may include your personal details such as your name, email address, and phone number. Create a username and password for your account.

4. Agree to the terms and conditions: Read through the terms and conditions provided by Fidelcrest, and if you agree to them, check the box or provide your consent.

5. Complete the verification process: Fidelcrest may require you to verify your identity and address. Follow the instructions provided to complete the verification process, which may involve submitting identification documents such as a passport or driver's license and proof of address.

6. Fund your account: Once your account is successfully created and verified, you will need to deposit funds into your account. Fidelcrest typically offers various deposit methods such as Visa, Mastercard, wire transfers, and cryptocurrencies. Choose your preferred deposit method and follow the instructions to complete the transaction.

7. Familiarize yourself with the platform: After funding your account, take some time to explore the Fidelcrest trading platform. Get acquainted with its features, tools, and available trading instruments. This will help you make the most of your trading experience with Fidelcrest.

Leverage

Fidelcrest provides a maximum leverage of 1:100 to its traders. Leverage refers to the ability to trade larger positions in the market with a smaller amount of capital. With a leverage ratio of 1:100, traders can amplify their buying power up to 100 times their initial investment.

Fidelcrest's leverage offering of 1:100 is in line with other prop firms in the industry, such as FTMO and TopStep. However, it's crucial for traders to exercise responsible risk management and consider the potential risks associated with leveraged trading.

Spreads & Commissions

Fidelcrest offers its traders trading conditions with raw spreads from 0 pips and 0 commissions. This means that traders can access spreads starting from 0 pips, which is the difference between the buy and sell price of an instrument.

Deposit & Withdraw

When it comes to withdrawing profits from your Fidelcrest trading account. Here are the key details regarding withdrawals:

1. Preferred Payment Method: Your profits, which belong to you as the trader, will be credited to your trading account using your preferred payment method. This can be selected from the available options provided by Fidelcrest.

2. Processing Time: Withdrawals are typically processed within 1 to 3 business days after the approved trading period of the funded account stage. This ensures that you have successfully met the required conditions before initiating the withdrawal.

3. Withdrawal Options: Fidelcrest offers four withdrawal options for you to choose from:

a. Bank Transfer: You can withdraw your profits through a bank transfer directly to your bank account.

b. PayPal: If you prefer, you can receive your funds via PayPal, a widely used online payment platform.

c. PaySafe (Skrill, Neteller, etc.): Fidelcrest also supports payment options like Skrill and Neteller, which fall under the PaySafe umbrella.

d. Bitcoins: If you are involved in cryptocurrency trading, you have the option to withdraw your profits in Bitcoins.

4. Limits and Fees: There is no minimum withdrawal amount specified, and Fidelcrest does not impose any associated fees for withdrawals. However, it's important to note that if you opt for a bank transfer outside the Single Euro Payments Area (SEPA), there is a fee of €50 per transaction.

5. Account Ownership: To ensure the security and legitimacy of withdrawals, it is essential that the trading account is in your name. This requirement helps protect against unauthorized access or withdrawal attempts.

Trading Platforms

Fidelcrest offers its traders the popular and widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. These platforms are renowned in the industry for their advanced features, user-friendly interface, and extensive trading capabilities.

1. MetaTrader 4 (MT4): MT4 is a robust and reliable trading platform that has been widely adopted by traders around the world. It offers a range of powerful tools and features for technical analysis, charting, and automated trading. Traders can access real-time market data, place trades, set stop-loss and take-profit levels, and implement various trading strategies. MT4 supports a wide range of indicators, expert advisors (EAs), and customizable trading templates.

2. MetaTrader 5 (MT5): MT5 is the successor to MT4 and offers even more advanced features and functionality. It provides traders with an enhanced trading experience, including additional technical indicators, advanced charting tools, and improved order execution capabilities. MT5 also supports more asset classes, making it suitable for trading in forex, stocks, commodities, and futures markets. Traders can execute complex trading strategies, access depth of market (DOM) data, and utilize advanced order types.

Payment Methods

Fidelcrest offers a range of deposit and withdrawal methods to facilitate transactions for its traders. The available options include:

1. Visa and Mastercard: Traders can use their Visa or Mastercard credit or debit cards to make deposits and withdrawals. This option provides a quick and convenient way to fund or withdraw funds from the trading account.

2. Wire Transfers: Traders can choose to make deposits or withdrawals via bank wire transfers. This method involves transferring funds directly from the trader's bank account to their Fidelcrest trading account or vice versa.

3. Bitcoin and Other Cryptocurrencies: Fidelcrest supports deposits and withdrawals using popular cryptocurrencies such as Bitcoin, Dash, Ethereum, USD Coin, and Tether. Traders can use their cryptocurrency wallets to transfer funds to and from their trading accounts.

4. E-Wallets: Fidelcrest provides the option to deposit and withdraw funds through e-wallet services such as Skrill and Neteller.

5. Payment Gateways: Fidelcrest supports various payment gateways, including help2pay, Utrust, WeChat Pay, and Alipay. These gateways enable traders to make deposits and withdrawals using alternative payment methods specific to certain regions or platforms.

Trading Tools & Educational Resources

Fidelcrest offers a limited selection of trading tools and educational resources to support traders in their journey. Here are the available resources:

1. Blog with educational articles: Fidelcrest maintains a blog where they publish educational articles related to trading. These articles may cover various topics such as trading strategies, risk management, market analysis, and psychology. Traders can access these articles to enhance their knowledge and skills in trading.

2. Questions and answers section: Fidelcrest provides a section where traders can find answers to frequently asked questions. This resource serves as a knowledge base to address common queries or concerns that traders may have regarding the platform, trading process, or account management.

In terms of personalized tools, Fidelcrest offers the following:

1. Dashboard or trader's area: Traders have access to a dashboard or trader's area within the platform. This dashboard provides progress metrics and goals, which are automatically updated in real-time. It allows traders to track their performance, monitor their trading goals, and assess their progress over time.

2. Economic calendar: Fidelcrest provides an economic calendar that displays important news and events affecting the financial markets. Traders can use this tool to stay informed about upcoming economic indicators, central bank announcements, and other market-moving events. Having access to an economic calendar can help traders plan their trading strategies around significant market events.

3. Leaderboard: Fidelcrest features a leaderboard that allows traders to monitor the performance of the best traders within the platform. This feature can serve as a source of inspiration and motivation for traders as they can observe the strategies and success of other traders. It can also provide insights into the performance benchmarks within the Fidelcrest community.

While the selection of tools and educational resources may be limited compared to some other platforms, Fidelcrest aims to provide traders with the necessary information and tools to support their trading activities. Traders can utilize the available resources to gain knowledge, track their progress, stay updated on market events, and draw inspiration from successful traders within the community.

Customer Support

Fidelcrest values customer support and provides various channels for traders to reach out and receive assistance. Here is an overview of their customer support options:

1. Email: You can contact Fidelcrest's customer support team by sending an email to support@fidelcrest.com. This method allows you to communicate your queries, concerns, or requests in writing, and you can expect a response from their team via email.

2. Live Chat: Fidelcrest offers a live chat feature, accessible on their website. The live chat support is available 24 hours a day during the week, ensuring that you can reach out for assistance at any time. With an average response time of 1 minute, you can expect prompt support from their team. The high satisfaction rating of 95% reflects the quality of their customer service.

3. Facebook Chat: Another option to get in touch with Fidelcrest is through their Facebook chat. You can reach out to them via their official Facebook page and engage in a conversation to address your questions or concerns.

4. Trader Community: Fidelcrest provides a platform for traders to connect and learn from each other. By requesting an invite to the Telegram group, you can join a community of traders and engage in discussions. This allows you to interact with experienced traders, learn their strategies, and gain insights that can enhance your trading skills.

Conclusion

In conclusion, Fidelcrest is an unregulated trading platform that offers a range of tradable assets, low spreads, and leverage of up to 1:100. However, its lack of regulation raises concerns about the platform's adherence to industry standards and investor protection. Traders should exercise caution and consider alternative regulated brokers that provide a higher level of security. While Fidelcrest provides some trading tools and educational resources, the selection is limited compared to other platforms. Customer support is available through email, live chat, Facebook chat, and a trader community on Telegram. Overall, while Fidelcrest offers opportunities for trading, the absence of regulation and limited resources may deter some traders from choosing this platform.

FAQs

Q: Is Fidelcrest a regulated trading platform？

A: Fidelcrest is currently not regulated, which means it operates without oversight from regulatory authorities. Traders should be aware of the potential risks associated with trading on an unregulated platform.

Q: What trading instruments are available on Fidelcrest？

A: Fidelcrest offers a diverse range of tradable assets, including forex, commodities, stocks, indices, cryptocurrencies, and metals.

Q: What types of trading accounts does Fidelcrest offer？

A: Fidelcrest provides two main trading programs: MicroFX+ and ProFX+. Each program has different account options, terms, and requirements to cater to traders with varying experience levels.

Q: How can I open an account with Fidelcrest？

A: To open an account with Fidelcrest, visit their website and click on the “Start Now” or “Sign Up” button. Fill out the registration form, agree to the terms and conditions, complete the verification process, and fund your account.

Q: What is the maximum leverage offered by Fidelcrest？

A: Fidelcrest offers a maximum leverage of 1:100, allowing traders to trade larger positions with a smaller amount of capital.

Q: What are the spreads and commissions on Fidelcrest？

A: Fidelcrest offers raw spreads starting from 0 pips and does not charge any commissions on trades.

Q: What payment methods are accepted by Fidelcrest？

A: Fidelcrest accepts various payment methods, including Visa and Mastercard, wire transfers, cryptocurrencies, e-wallets (such as Skrill and Neteller), and payment gateways (such as help2pay, Utrust, WeChat Pay, and Alipay).

Q: What trading platforms are available on Fidelcrest？

A: Fidelcrest provides traders with access to the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, known for their advanced features and user-friendly interface.

Q: Does Fidelcrest offer educational resources for traders？

A: Fidelcrest offers educational resources such as a blog with educational articles, a questions and answers section, a dashboard or trader's area, an economic calendar, and a leaderboard to help traders enhance their knowledge and track their progress.

Q: How can I contact Fidelcrest's customer support？

A: Fidelcrest offers customer support through email (support@fidelcrest.com), live chat on their website, Facebook chat, and a trader community on Telegram. Traders can choose the preferred channel to seek assistance or engage in discussions with other traders.