Fidelcrest and FTMO are both proprietary trading firms that offer retail traders access to large amounts of capital and the ability to trade various assets. Fidelcrest, based in Budapest, Hungary, allows successful traders to manage up to $400K in capital, while FTMO offers funded trading accounts with up to 90% profit sharing. Both companies have seen growth in recent years and offer traders the opportunity to reach their full potential and succeed in the financial markets. In this post, we will have a comparison between these two prop trading firms.
What is Fidelcrest?
Fidelcrest is a unique company that offers retail traders the chance to access large amounts of capital and take control of their financial futures. Based in Budapest, Hungary, Fidelcrest invites ordinary traders to take their Challenge Verification and, if successful, allows them to manage up to $400K in capital from anywhere in the world. This exciting opportunity will enable traders to reach their full potential and make a real difference in their lives.
What is FTMO?
Founded in 2014, FTMO has established itself as one of the best trading firms. With generous profit sharing on fully-funded accounts, no wonder traders flock to its community! From novice traders wanting to dip their toes into the forex world to seasoned pros looking for a reliable foundation for their trading strategies, everybody can find something they like at FTMO. From spot forex and bitcoin trading to stocks and indices - the range of assets FTMO allows you to trade is impressive. No wonder their traders make waves in the finance community.
Fidelcrest Vs. FTMO: Fidelcrest Evaluation Process
Fidelcrest has two programs for trader evaluation. One is Micro Trader, and another is Pro Trader.
Micro Trader Program
Fidelcrest Micro Trader Program provides traders with a unique opportunity to test and showcase their trading skills. The program consists of two stages: the Challenge stage and the Verification stage.
In the Challenge stage, traders can choose an account size, risk level, and free bonus option that best matches their skills and profit targets. Then, they can trade all available instruments and aim to reach the profit target set for their chosen strategy. The Challenge stage lasts for 30 days and has a maximum loss limit of 10% for the normal strategy and 20% for the aggressive strategy. Additionally, the maximum daily loss limit is 5% for the normal strategy and 10% for the aggressive strategy. The profit target for the normal strategy is 5%, while the profit target for the aggressive strategy is 15%.
Once a trader has successfully passed the Challenge stage, they move on to the Verification stage. In this stage, traders are required to continue trading and prove that their success in the Challenge stage was not just a fluke. They will be able to keep up to $20,000 of the minimum profit target they reached in the Challenge stage. The rules of the Verification stage are similar to the Challenge stage, with the only difference being the profit split. In the normal strategy, traders will get to keep 40% of their profit, while in the aggressive strategy, they will get 50% of their profit.
Pro Trader Program
The Fidelcrest Pro Trader Challenge is a competition that allows traders to test their skills and earn rewards. The challenge consists of two stages: the challenge stage and the verification stage.
In the challenge stage, traders can choose their account size, risk level, and free bonus option according to their preferences. Then, they can trade all available instruments and try to reach the profit target set by their chosen strategy (normal or aggressive). The trading period is 30 days, and traders are subject to maximum loss and daily loss limits, which vary depending on the chosen strategy. In the normal strategy, the maximum loss is 10%, and the maximum daily loss is 5%, while in the aggressive strategy, the maximum loss is 20% and the maximum daily loss is 10%. The profit target for the normal strategy is 5%, and for the aggressive strategy, it is 15%.
After completing the challenge stage, traders who have successfully reached the profit target can move on to the verification stage. In this stage, traders must continue trading with the verification account and prove that their success in the challenge phase was not just due to luck. They can keep up to $30,000 of the minimum profit target they have reached. The rules for the verification stage are the same as for the challenge stage, with the only difference being the trading period, which is 60 days.
Upon successfully completing the challenge and verification stages, traders will receive the funds and be eligible for commission, up to 90% of all profits made after each trading period.
The Fidelcrest Pro Trader Challenge is an excellent opportunity for traders to showcase their skills and earn rewards. It offers a range of options to suit different trading styles and preferences and provides a fair and transparent environment for traders to compete and succeed.
FTMO Vs. Fidelcrest: FTMO Evaluation Process
FTMO is a trading firm that offers a unique two-step evaluation course for traders. This evaluation process is designed to discover trading talents and consists of the FTMO Challenge and the Verification.
The FTMO Challenge tests a trader's ability to adapt their trading style and risk management according to predefined rules. In this challenge, traders are given a balance account of $10,000 to $200,000, and they must make a profit of $1,000 within 30 days without exceeding daily or overall loss limits. For example, for a $10,000 account, the daily loss limit is $500, and the overall loss limit is $1,000. Traders must also trade for at least 10 days to pass the challenge.
Verification is the second step of the evaluation process. It is designed to test if a trader can maintain profitability over an extended period while following strict guidelines set by FTMO. In this step, traders are given 60 days to make $500 with a $10,000 account and must adhere to the same drawdown limits as in the challenge. They must also trade for at least 20 days to qualify.
Upon completing the evaluation program, traders will be offered the opportunity to access FTMO's proprietary trading accounts with a balance of up to $400,000. This is an excellent opportunity for talented traders to showcase their skills and earn rewards.
FTMO offers two options for every account: normal and aggressive. The rules and requirements discussed in this article are for the normal account option.
FTMO Vs. Fidelcrest: Cost
FTMO, a leading prop trading platform, offers a range of account sizes with varying fees to suit different traders and their needs. The fees for each account size are transparent and easy to understand, allowing traders to make informed decisions about their trading activities.
The €10k account size is a good option for traders starting out or with a smaller account balance. The fee for this account size is $155, which is fully refundable if the trader passes the evaluation program. This means that traders only pay the fee if they are successful in the evaluation, which is a fair and transparent approach.
Once a trader passes the evaluation program, they can access the full range of trading tools and resources offered by FTMO. This includes daily market analysis, educational materials, and support from a dedicated account manager. Importantly, there are no monthly subscription fees for traders who pass the evaluation. This means traders only pay for the account size they choose without additional costs.
On the other hand, Fidelcrest offers two programs for traders – Micro Trader and Pro Trader. Each program's account sizes and prices vary, giving traders a range of options based on their trading needs and budget.
The Micro Trader Program is suitable for traders who are starting out or have a smaller trading account. The account sizes available in this program are $10k, $25k, and $50k, with prices of €99, €249, and €449 respectively. This program provides access to a range of trading tools and resources, including daily market analysis, educational materials, and support from a dedicated account manager.
The Pro Trader Program is designed for experienced traders with larger accounts. The account sizes available in this program are $150k, $250k, $400k, and $1000k, with prices of €649, €999, €1799, and €2899 respectively. In addition to the features offered in the Micro Trader Program, the Pro Trader Program includes advanced trading tools and support from a team of expert traders.
One of the key advantages of Fidelcrest is that it does not have any monthly subscription fees like other trading platforms. This means traders only pay for the account size they choose without additional costs. This transparent pricing model allows traders to manage their budgets and make informed decisions about their trading activities.
Fidelcrest Vs. FTMO: Profit Splits
Fidelcrest is known for its impressive profit splits, among the best in the industry. The company offers two types of accounts – Aggressive and Normal – with different profit split percentages.
Fidelcrest pays out 90% of the trader's profits for Aggressive Accounts. This means that traders can keep a large share of their earnings, allowing them to grow their account balance faster and potentially earn higher profits.
Normal Accounts also have a generous profit split of 80%, which is higher than what many other trading platforms offer. This allows traders to retain a significant portion of their profits while still benefiting from the capital and resources provided by Fidelcrest.
One of the unique features of Fidelcrest is that it pays out profit splits during the Verification Stage. This is the stage where the company evaluates traders to determine their suitability for trading with real capital. During this stage, Fidelcrest pays out profit splits of 40-50%, an attractive incentive for traders to pass the evaluation and move on to the next stage.
FTMO is a popular online trading platform that offers traders a range of tools and resources to help them succeed in the markets. One of the key features of FTMO is the profit ratio, which determines how much of the profits a trader keeps.
The default profit ratio for all FTMO traders is set at 80:20, meaning that the trader gets to keep 80% of their profits. This generous profit ratio allows traders to retain a significant portion of their earnings while still benefiting from the capital and resources provided by FTMO.
However, for traders who can meet the conditions of their Scaling Plan, the profit ratio is increased to 90:10. This means that the trader gets to keep an even larger share of their profits, providing an additional incentive to succeed in the markets.
The Scaling Plan is a set of conditions traders must meet to move on to the next level of trading with FTMO. These conditions include achieving a certain profit level, maintaining a high win rate, and demonstrating consistent trading performance. By meeting these conditions, traders can qualify for a higher profit ratio and potentially earn higher profits.
Who should choose Fidelcrest?
Fidelcrest is suitable for a range of traders, including those starting out in the markets and those with more experience. The company offers a range of account sizes and programs, including Micro Trader and Pro Trader, to suit different trading needs and budgets.
Fidelcrest is also suitable for traders seeking a transparent and flexible solution. The platform does not have any monthly subscription fees, allowing traders to manage their budgets and pay only for the account size they choose.
In addition, Fidelcrest offers some of the best profit splits in the industry, with generous percentages for Aggressive and Normal Accounts. The company also pays out profit splits during the Verification Stage, giving traders an incentive to pass the evaluation and move on to the next trading stage with real capital.
Overall, Fidelcrest is suitable for traders looking for a reliable and flexible trading platform with transparent pricing and generous profit splits.
Who should choose FTMO?
FTMO is suitable for a range of traders, including those starting out in the markets and those with more experience. The company offers a range of account sizes and programs, including Basic, Advanced, and Pro, to suit different trading needs and budgets.
FTMO is also suitable for traders seeking a transparent and flexible solution. The platform offers a default profit ratio of 80:20, with the potential for an increased proportion of 90:10 for traders who meet the conditions of their Scaling Plan. This provides traders with an incentive to succeed in the markets and earn higher profits.
In addition, FTMO is suitable for traders looking for support and guidance from expert traders. The platform offers access to a range of trading tools and resources, including daily market analysis, educational materials, and support from a dedicated account manager.
Overall, FTMO suits traders looking for a reliable and flexible trading platform with transparent pricing and generous profit ratios.
FTMO Vs. Fidelcrest: Customer Support
When comparing Fidelcrest and FTMO, one of the key differences is the customer support each platform provides. Both companies offer a range of options for traders to contact them and get help, including email, live chat, and social media channels. However, there are some critical differences in how each platform approaches customer support.
Fidelcrest offers 24/7 live chat support during the week, with an impressive response time of just 1 minute and a high satisfaction rating of 95%. The company also allows traders to talk to other traders and learn from their strategies, providing a valuable opportunity for networking and sharing knowledge.
FTMO also offers live chat 24/7. The platform also provides access to a range of trading tools and resources, including daily market analysis, educational materials, and support from a dedicated account manager. However, FTMO does not offer the same level of networking and knowledge-sharing opportunities as Fidelcrest.
Overall, Fidelcrest and FTMO both offer customer support options for traders. Still, Fidelcrest has a more comprehensive and flexible approach, with 24/7 live chat support and opportunities for traders to talk to other traders and learn from their strategies.
Conclusion
When comparing FTMO and Fidelcrest, it is clear that both platforms offer a range of options for traders to access the markets and earn profits. Both companies provide a range of account sizes and programs, with transparent pricing and flexible terms.
One of the key differences between the two platforms is the profit splits offered to traders. Fidelcrest provides some of the best profit splits in the industry, with generous percentages for Aggressive and Normal Accounts. The company also pays out profit splits during the Verification Stage, giving traders an incentive to pass the evaluation and move on to the next trading stage with real capital.
FTMO also offers a generous profit ratio of 80:20, with the potential for an increased ratio of 90:10 for traders who meet the conditions of their Scaling Plan. This incentivizes traders to succeed in the markets and earn higher profits.
In terms of customer support, Fidelcrest offers 24/7 live chat support during the week, with an impressive response time of just 1 minute and a high satisfaction rating. The company also allows traders to talk to other traders and learn from their strategies, providing a valuable opportunity for networking and sharing knowledge. FTMO also offers live chat support 24/7, and the platform does not provide the same networking and knowledge-sharing opportunities as Fidelcrest.
Overall, FTMO and Fidelcrest are reliable and flexible trading platforms with transparent pricing and generous profit splits. The decision about which platform to choose ultimately depends on the trader's individual needs and preferences.