FOREX TRADERS WANTED - Trade our company's capital.

Hello Traders of ForexFactory,

I'd like to introduce myself and let you know about a new exciting way to trade. My name is Martin and I've been involved with Fidelcrest Challenge since the beginning. Our goal is to find profitable traders through our Trading Challenge and after successful completion, connect them with investor funds.

COMPLITELY NEW TRADING PROGRAMS! (30.12.2019 update)

We have recently implemented some major changes to meet client needs and improve the overall customer experience:

1. We have eliminated the second verification phase - There is now only 1 step Evaluation to start earning a percentage of profits you make every month.
2. Trading period is now extended to 30 trading days (instead of previous 30 calendar days).
3. No limits on how many accounts you can trade simultaneously at any given time.
4. Improved Account Metrics in Client Area to help Traders with Challenge Objectives and Rules.


How do you become a Fidelcrest Trader?

1. THE TRADING CHALLENGE - Prove you can make 10% profit within 10-30 trading days.

2. CHOOSE A TRADING STRATEGY - You are now ready to choose your trading strategy for a funded account!

3. START TRADING FUNDED PROFESSIONAL ACCOUNT - You are now Professional Trader – Earn up to 90% of profits!

- PROFX TRADER FULL PROGRAM
- MICRO TRADER FULL PROGRAM
- BITCOIN TRADER FULL PROGRAM

Why Fidelcrest Challenge?

1. Only 1 step evaluation!
2. Receive funding up to $200,000
2. You will keep up to 90% of profits
3. Losses are covered by us

Choose between reputable brokers to trade.

You can use MT4/MT5 and cTrader platform for trading.

Trade from anywhere in the world!

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.

About Fidelcrest.

Fidelcrest is a multinational asset management company based in Hungary with offices in Europe and the U.S. The adequate reserve of capital for traders who have successfully passed the Challenge is provided to us by private investors.

For more information, please visit our website https://challenge.fidelcrest.com

This thread is created to educate you about Fidelcrest Challenge, post news about the company and answer any questions you may have.

Bonus!

We are willing to offer -30% discount on your first ProFx Challenge. To acquire the discount code, please contact our customer support team via our website, live chat or email.

Our friendly Customer Support Team is ready if you have any questions.

START CHAT!

Hello Traders of ForexFactory,

FIDELCREST MONTHLY NEWS AND UPDATES

PERFORMANCE OF FIDELCREST FUNDS

June was a bit of a volatile period for the markets, two funds have suffered minor losses, however, July investment returns have shown a beautiful boost to our Funds’s performance after a minor drawdown.

Solo Fund (50K) during the month of June, the fund lost 0.38% in value, however it was able to recover the losses and generate satisfying profit in the following 2 weeks. The fund now stands at 2% profit for July up to date, and is at a solid 9% net- profit this year.

J. Leham Fund (25K) has been among leaders this year, the fund is working only with FX Majors and had the strongest performance until June, returning 4.12% for the month, bringing YTD performance to 11.32%. Two weeks in June the fund is currently in 2.7% drawdown for the month, but the manager is adamant, that markets will take a strong turn by the end of the month reversing negative positions.

Elder Fund (50K), is an algorithmic momentum/ volume based trading fund which trades the G12 currency basket and is our only high-risk fund. The fund was the least performing fund with a YTD returns of 1.6% until the end of May. As of June 2019 the funds was able to generate a staggering 14% return for the Investors and is now our top performing fund with 15.6% YTD return.

NEW FUND MANAGER

Fidelcrest is happy to announce that we have yet another trader joining our team of Fund Managers. We welcome Niko M. from Latvia, who has completed his qualification on the 12th of July 2019 and will be managing a 25,000.00 EUR fund. We are delighted to have you onboard with us! Niko, we wish you and your investors an outstanding performance!

OVER 200 NEW TRADERS HAVE JOINED FIDELCREST CHALLANGE SINCE JUNE 2019!

For more information, please visit our website https://challenge.fidelcrest.com

I just looked at the website. I like what it is you are doing. Did you get the idea from TopStep. It looks similar.

Hi 6200trading,

Thank you for your question.

We are aware of TopStep, but since we have some FX related people in senior management, this idea was proposed a year ago, so we made it happen. It's a standard practice in brokerages, but we decided to do it without, with real investors and professional traders.

I just passed the challenge and entering now in the verification phase. Customer support has been fast, like their profit sharing 70% for trader and trading rules are fair and makes totally sense. So far so good and will update when getting my first payout hopefully soon!

Almost word for word copy of the FTMO programs. Word is their "metrix" accounts monitor does not work & no communication to account holders. This smells of a SCAM. Anybody got proof otherwise I would be glad to hear.

I noticed that, too.

This being the case, what possible advantage does joining the Fidelcrest Challenge offer traders vis-a-vis FTMO?

Hello Doubla and Doji,

Thank you for your questions.

The company operating Fidelcrest Challenge has been operational since 1992. FTMO’s earlier appearance on the markets doesn’t mean that the others copied their idea. Similar concept, but that’s about it. Fidelcrest by itself is an investment firm, challenge is simply part of multiple investment opportunities for investors and earning opportunity for good traders.

What makes us different is that we don’t try benefiting from the challenge fees, hence the micro accounts were implemented to create investment pools and allow even the smallest investors to the market.

- Our maximum account is $200 000 instead of FTMO's $100 000.
- We are the first on the market to offer Micro accounts starting from just €25

We’ve focused on securing capital and implementing safeguards for the investors. Every similar company will have a lot of similarities due to commonalities in terminology.

I hope this answers your question

Dear Doubla,

Yes, you are correct - Metrix feature is still in development but should be ready soon.

I'm not sure where do you get your information though about "no communication to clients" - we answer every single client enquiry and have excellent customer support.

Come try us out and you will see - after all, the lowest account is only €25

I wish you all the best!

No one is taking about when to withdraw? Can we withdraw profits after the first 10 trading days if we make the targeted profits?

you are organizing a challange for choose traders to manage your portfolios but you want to money for join this challange. not make any sense to me. your website and the videos there made me feel like we should stay away from you. Sorry

Hello,

Profit withdrawals are every 30 days from the day you start trading a funded account and there is no profit target for a funded account.

10% profit target is for Challenge and 5% for Verification.

Hello,

The Challenge fee is only a marginal percentage compared to the account size that you will receive from us and it will be refunded back to you with your first profit withdrawal from the funded account.

If you're a profitable trader who can manage risk then I hope to see you on board with us soon, we have only limited funded accounts left.

Obviously, it is completely up to you.

In any case, I wish you many green pips and contact us directly if you have any further questions

dear,MKK
good morning..i am pervej khan from Bangladesh..thanks your wish to start like site,,but you shouldreduice fee 50% less for 2/3 month..
when your company rise up and come some serious trader then set up same fee...
thanks

Hello,

Thank you for your intrest in Fidelcrest Challenge. The fees are already very low compared to our competition.
Please check out our Micro accounts here for more information: https://challenge.fidelcrest.com/micro-accounts/

If u've been running since 1992 why ur website so many lacks of everything,
-No password reset
-Option to choose the account between standard / ecn
-ETC

I could not find you in google maps.
Can you please provide your office addresses?

Be carefull,

The funds don't ask money from their traders because they have splendid capital and they don't share the 70% of their profits.
If they are looking serious traders one year statement or a trial for 3-6 months without any cost is enough.
These companies make money from the trials. Unfortunately the market are full of them. I know more than 20 that make exactly the same thing.

Ok, So I had a few engagements with "Thomas" there, and honestly guys, this is a one-man show that refers to "SENIOR MANAGEMENT" which doesn't seems to exist. They claim to be in business for a long time, which is not true, they opened this year, 2019. They claim to be "global" but it's non-sense as a global company usually has their phones online. They claim to have 10 people in each country which is again not accurate, its always the same person under a different name. So, here is more to worry about, they claim that they are part of a major firm with prop asset, but recently they are saying that they try to select/match investor to trader, which would be OK, only if for their "Challange" part. Their parameters are set the way to collect the fee and not for you to make it. Their recent "Challange" where you do 5Daily DD 5% monthly TP w/ HWM, and if you don't reach 5% profit the month after challenge, you're out and need to pay again the fee.

Secondly, they try to market that they have traders making X amount etc, but in reality, those aren't traders, but some lucky positions taken by someone as the risk on it is ridiculous which tells you that the account will be blown, it's not if it's when.

"Thomas" himself is not a trader and never was given his understanding or risks and the market. They refer to "senior management" and allude to certain things being decided by them on risks etc, but if so, then neither senior management nor Thomas never traded nor understand, so be careful there as you're not going to be talking to equally knowledgable or market aware individuals, thus what they ask you to do is not with intent for you to make it but to collect the fee in conditions not suitable for you but monetary rewarding to them.

After 20 years in business, can tell you one thing, be careful or stay away. They are not honest, they lie and manipulate as to who they are and have NO intention of you making it, as they'll better have your fee, as its cheaper and easier. They are not an established company and not global, thus false advertising. Make sure you pay with credit card the fee, so you can do a drawback when you see they don't deliver, let them deal with their merchant thereafter. Do be naive and believe that they have your best interest in mind.

Never did business with them, did similar engagement with companies in the past, some work and some don't, thus have experience dealing with those kinds of companies. I walked away from doing anything given the red flags above.

So be smart and not naive. Remember, their business is the fee, not your success nor mutual success.

Anyways, happy 2020 to everyone and good luck. This is my one and only contribution/post to the community, so I hope it saves at least one person next year from falling into the trap.

Hello,

Apologies for the late reply and thank you for your feedback.

We've been very busy with updating our business concept, client back-end etc, and this has been our priority

We have always had an option to choose between different types of accounts - trader just needs to contact us and let us know of his/her preferance.

Password reset link was not working but this was fixed.