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What is Fidelcrest Fund?
Fidelcrest full name is Fidelcrest Ltd was founded in 2018 by a group of traders and Forex experts. Fidelcrest’s management team has more than 10 years of experience working in international brokerage firms.
Fidelcrest is finding, training and evaluating forex, CFD and crypto traders to fund them. Fidelcrest Ltd’s head office is located in Nicosia, Cyprus.
Outstanding advantages of Fidelcrest in charge:
– Profit sharing from the 2nd round in the evaluation period.
– Free trial account is granted.
– Every 30 days the funding account is renewed and reset.
– Offer up to $1,000,000 review account.
Fund products
The Fidelcrest Fund has two main products:
– Micro account
– Pro account
In which, each product has 2 options of risk mode: Normal and Aggressive.
– Normal (low risk).
– Aggressive (high risk).
All Fidelcrest accounts require you to go through 2 rounds of evaluation.
Now we will go into more detail.
1. Micro Account.
This is a small account size, Fidelcrest designed this program for new traders.
There are 3 account sizes for you to choose from: $10,000, $25,000, $50,000.
Normal mode
Stages to get a funding account:
Round 1: challenge round (Challenge)
Round 2: verification round
Round 3: become a trader of Fidelcrest (Fidelcrest Trader).
Time is counted from the time you make the first transaction, including holidays (Saturday, Sunday).
Profit target is calculated according to the initial capital, for example, with a $10,000 account, the profit target of round 1 and round 2 you need to achieve is $500 (5%).
A trading day is the day you open at least one new trade. You complete the full number of trading days in each round. Otherwise you will be considered as breaking the rules.
A trade is counted when you hold for at least 10 seconds.
The maximum daily loss limit is the maximum loss limit in a day.
Calculation formula: Daily loss limit = Equity of the account at the beginning of the day – Current Equity.
The maximum loss limit you need to note is Maximum Drawdown, not Absolute Drawdown like the calculation of FTMO or myForexFunds funds. Eat profit sharing percentage of the profit you get.
The difference of the Fidelcrest fund is that you get to share the profits from round 2. You will get 40% of 2nd round profit and 80% of 3rd round profit.
Round 3 when you become a Fidelcrest trader will not have a profit target, but you need to complete a minimum of 10 trading days within the allotted time (30 days). Otherwise you will be breaking the rules.
Round 3 also applies a consistent trading volume rule. The maximum and minimum trade volume is calculated based on your average trading volume in round 2. Let’s say for round 2 you have an average volume of trades per trade of 1.0 lots. Within 3 you can trade with a minimum volume of 0.7 lots (70%) and a maximum volume of 1.3 lots (130%) per trade. However, you can open multiple trades at the same time. Every 30 days you will be given a new account and reset.
Aggressive mode
With this mode you will get a larger drop, and also a higher profit target.
Compared to Normal mode with the same account size, Aggressive mode has a higher fee.
2. Pro Account.
With Pro account, there are also 2 risk modes Normail and Aggressive like Micro account.
Normal mode
There are 4 account sizes in this mode for you to choose from: $150,000, $250,000, $500,000, $1,000,000. The point for this account is that although the account size is very large up to $1,000,000, the maximum allowable reduction is only 5% for round 2 and round 3.
Aggressive mode
With this mode, there are only 3 account sizes for you to choose from: $150.00, $250,000, $500,000. In Aggressive mode you need to achieve a profit target of 20% in round 1 and round 2. The profit sharing level is 50% in round 2 and 90% in round 3.
The Fidelcrest Scaling Plan.
The growth program is applicable to all Micro and Pro accounts. You will have the opportunity to double the capital in your account within 12 months from the time you receive the funding account (Professional Account). Fidelcrest will evaluate every 3 months to get a 25% increase from the initial capital.
Request:
– Account growth at least 15% within 3 months (average profit 5%/month).
– All 3 months have positive profit (3 consecutive months).
If you grow your account, you also get an increase in profit sharing by 5% each time.
Bonus Program
Fridelcrest applies the Bonus program when you proceed to pay the registration fee to participate in the funding challenge. There are 3 options you can choose from:
1. Fast Track: no minimum number of trading days required for Micro Aggression accounts within 1st and 2nd round.
Note: this option is only available for Micro accounts in Aggressive mode.
2. Double Your Capital: you will receive a new challenge account of the same size as the original account to start the funding challenge from round 1. 3. Second Chance for Free: You will be able to retry a second time if you fail at the first evaluation, this policy only applies to round 1, not to round 2.