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FAQ2019-06-14T09:45:33+00:00

CHALLENGE

WHEN DO I NEED TO BEGIN MY TRADING CHALLENGE?2019-03-23T07:58:47+00:00

Once you execute your first trade, a 30-day period starts automatically. After 30 days, the Challenge is automatically de-activated and all open positions are closed.

CAN I TRADE CHALLENGE WITH MY PERSONAL ACCOUNT?2019-03-23T07:58:26+00:00

No, you cannot trade the Challenge using your personal account. You will receive a brand new account from us.

WHY DO I NEED TO PAY FOR THE CHALLENGE?2019-03-23T07:57:32+00:00

The fee mainly serves as trader’s commitment to treat the account with utmost responsibility. A trader has something in the game and the psychology is working. Also, the fee is just a marginal percentage compared to the account size that you will receive from us. In other words, the fee is a key towards a funded Fidelcrest account and to gain financial independence. The good news is that you cannot lose more than this fee. On top of that, the fee will be refunded back to you with your first profit withdrawal from the funded account.

IS IT POSSIBLE TO COMPLETE THE CHALLENGE EARLIER THEN 30 DAYS?2019-03-23T07:57:09+00:00

Yes. As soon as all the Trading Objectives of the Challenge are met, you can start trading in the Verification phase. The minimum time to complete the Challenge is 10 trading days.

WHAT TRADING PLATFORMS I CAN USE?2019-03-23T07:56:44+00:00

You can trade using Metatrader 4, Metatrader 5

ARE THERE ANY RESTRICTIONS ON TRADING STRATEGIES OR INSTRUMENTS I TRADE?2019-07-16T17:44:55+00:00

Your trading style is completely up to you. We have no reasons for limiting or restricting your trading strategy, whether it’s discretionary trading, hedging, algorithmic trading, EAs, etc. We even do not impose any limits on instruments or trading strategy.

VERIFICATION

DOES VERIFICATION RUN ON THE SAME ACCOUNT THEN THE CHALLENGE?2019-03-23T08:03:33+00:00

No, you will receive a brand-new account for Verification.

IS IT POSSIBLE TO COMPLETE THE VERIFICATION EARLIER THEN 60 DAYS?2019-03-23T08:03:08+00:00

Yes, as soon as all the Trading Objectives of the Verification are met, you will become the Fidelcrest Trader. The minimum time to complete Verification is 10 trading days.

WHAT IF I BREAKE THE RULES OF VERIFICATION?2019-08-08T19:03:07+00:00

Unfortunately, you will need to start over. Your journey towards becoming funded by us will take a bit longer, but we need to be sure that you are disciplined and can manage the risk.

WHAT HAPPENS AFTER I SUCCEED IN THE VERIFICATION?2019-03-23T08:02:25+00:00

At that point, you will have successfully finished your journey towards the Fidelcrest Trader. We will contact you and arrange the details of further cooperation. Of course, you will also get from us a comprehensive assessment of your account with some recommendations for improvement.

WHAT ARE THE TRADING OBJECTIVES OF THE VERIFICATION?2019-03-23T08:00:51+00:00

The Trading Objectives in Verification are a little bit easier than the Trading Objectives in the Challenge. In the Verification, the profit target is reduced by 50% and the time period is extended to 60 days

WHAT IS VERIFICATION?2019-03-23T08:00:26+00:00

The Verification is a free, simulated account and the final step of the evaluation process. It is meant to verify for the last time that the Challenge was not completed by luck.

FIDELCREST FUNDED ACCOUNT

GENERAL QUESTIONS

WHERE DOES THE CAPITAL COME FOR THE FUNDED ACCOUNTS?2019-03-23T08:10:19+00:00

The adequate reserve of capital is provided to us by a private investor.

CAN I TRADE THE NEWS SUCH AS FOMC ETC?2019-03-23T08:09:29+00:00

This form of trading is not prohibited in the Challenge or in the Verification phase. However, it is not possible to trade news straddling when you receive the 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.

DO YOU ACCEPT TRADERS FROM USA2019-03-23T08:09:11+00:00

Since we are not a brokerage company, we do not fall under the regulatory restrictions related to acceptance of clients from the USA or elsewhere. Hence, even clients from the USA are welcome to trade our Challenge and be funded by our company.

Account Types

25,000 USD Initial Capital

250
  • Buying Power – $2,500,000
  • Trading Period – 10 to 30 days
  • Minimum Trading Days – 10
  • Positive Days – 50%
  • Maximum Daily Loss – $1,250
  • Maximum Loss – $2,500
  • Profit Target – $2,500

50,000 USD Initial Capital

350
  • Buying Power – $5,000,000
  • Trading Period – 10 to 30 days
  • Minimum Trading Days – 10
  • Positive Days – 50%
  • Maximum Daily Loss – $2,500
  • Maximum Loss – $5,000
  • Profit Target – $5,000

100,000 USD Initial Capital

500
  • Buying Power – $10,000,000
  • Trading Period – 10 to 30 days
  • Minimum Trading Days – 10
  • Positive Days – 50%
  • Maximum Daily Loss – $5,000
  • Maximum Loss – $10,000
  • Profit Target – $10,000

200,000 USD Initial Capital

900
  • Buying Power – $20,000,000
  • Trading Period – 10 to 30 days
  • Minimum Trading Days – 10
  • Positive Days – 50%
  • Maximum Daily Loss – $10,000
  • Maximum Loss – $20,000
  • Profit Target – $20,000