Becoming a prop trader is an excellent way to invest in higher volumes with lower risk. The training and support programs at Fidelcrest LLC, a prop trading firm, are second to none. Read on to find out how to become a funded trader with fidelcrest, including the discount codes available, the withdrawal process, and more.
What Is Fidelcrest?
In 2018, Fidelcrest was founded as a prop trading firm. They have over 6,000 traders from over 170 different countries making market predictions. To get started, you’ll need to pay a one-time fee and accept their challenge. If you can prove yourself in the company’s initial trading challenge, you may be given control of up to $400,000, with profits going to you at a rate of up to 80%.
For investors of varying skill and financial means, Fidelcrest provides accounts in a wide range of sizes. You can invest their money in more than a thousand different trading instruments, including foreign exchange and cryptocurrency, on a wide range of popular trading platforms.
Investing with Fidelcrest
When you open a position with Fidelcrest, a new 30-day period will begin. All open positions should be closed at the end of the period before the total gain or loss is determined. You are free to use any trading strategy, including but not limited to, news trading, swing trading, overnight holding, and stop-loss orders, across all time frames.
There is a 1:100 leverage on all Fidelcrest accounts. EAs can be used if the platform supports them. The firm’s rules, such as the maximum daily loss allowed and the minimum trading days, are spelled out in the Trader Agreement. In case you didn’t notice, here’s the fine print: your account could be terminated if you break any of the rules.
Using Fidelcrest’s withdrawal services is straightforward. After each 30 day trading period, any profit will be added to your Wallet. There is no minimum withdrawal amount, and withdrawal requests are typically fulfilled within three business days. There will be a fee of €50 for any wire transfers made to an account outside of the Single Euro Payments Area (which includes the EU, the UK, and others). Challenge users can avoid this by making a Bitcoin purchase.
There is no monthly fee associated with working with Fidelcrest, and you can keep as much as 80% of your monthly profits. If you use a business account and incur a loss, you won’t be responsible for covering it. To better prepare for the next trading period, you can now adjust your tactics. If your loss is greater than the limit set by the rules, your account will be closed.
Proof that you can profit, manage risk, and make real money trading futures. TopstepTrader is explained in three simple steps. However, things are not always as straightforward as they appear. As a result, I investigated TopstepTraders’ funded trader program, products, and services. In this TopstepTrader Review, I will reveal all of the important details you should be aware of in this top step review.
What Is Topsteptrader?
Michael Patak established TopstepTrader in 2012. INC.5000 lists TopstepTrader as one of the top 5000 fastest growing private companies in the United States. This shows that the products and services that TopstepTraders offers are exactly what most traders want.
The idea is straightforward. If you meet the criteria, TopstepTraders will fund your futures trading account and you will keep 90% of your profits after the first $5,000.
Try TopstepTrader’s trading platform risk-free with a $150,000 virtual trading account for 14 days with no obligation to deposit real money, or enter TopstepTrader’s Trading Combine to be considered for a Funded Trading Account.
There are two ways to test your mettle as a trader before being accepted as a funded trader on TopstepTrader: the Trading Combine and the Funded Trader Preparation.
Additional Trading Platform Fees
While the trading platform TSTrader is free to use, some other platforms do charge a monthly platform fee. Later in this Topsteptrader Review, under trading platforms, I included a complete list of all available platforms.
During the combine, the simulated account was charged $3.70 per round turn ($1.85 per side). You will be charged commissions and exchange fees within the funded trader account, depending on the trading platform you use.