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FOREX TRADERS WANTED - Trade our company's capital.

  • #21
  • Dec 30, 2019 11:36am Dec 30, 2019 11:36am
Quoting 405512
I could not find you in google maps. Can you please provide your office addresses?
Hello,

Fidelcrest Trading Challenge is operated by Fidelcrest Kft (LLC). Fidelcrest Kft (LLC) is registered at 1077 Budapest, Wesselényi utca 66. fszt. 1., Hungary.
  • #22
  • Dec 30, 2019 11:57am Dec 30, 2019 11:57am
Quoting geo9419
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.
Hi there,

The Challenge fees are in place to make sure that you treat your Challenge account responsibly and also to raise more trading capital for Fidelcrest traders who have passed the Trading Challenge. In addition it also covers a marginal percentage of our trader monitoring and staff expenses.

We are not a big Fund but a buitique investment company where we are looking to connect traders who have passed the Challenge to our pool of investor funds - it's a whole different business.

We do not force anyone to join us and of course you are entitled to your opinion but please don't make any assumptions before you've actually used our services.

Wishing you a happy, healthy New Year!
  • #23
  • Dec 30, 2019 3:03pm Dec 30, 2019 3:03pm
Happy New Year!

To celebrate the occasion, here is a rare post.

Hello,

Are you sure Fidelcrest is correctly represented on the forum?

Somehow the internet paints a different picture, when apart from self advertising links,
The information out there talks about an LLC with 3 million HUF ( paid up?) capital ( 10k USD),
No finance related company profile at all, but registered field as advertising agency ( only field!)?
No regulatory links, nor mention on financial regulator of the LLC, unusual as it normally against the law.
Founded in 20.09.2019?
As a 1 member company, of an Estonian COO of Fidelcrest ( the exact same,see bellow for name), who also recently looking for growth hacker/ marketing expert, not even a remote notice to financial background?
Company income estimated 40k USD?

Somehow the whole thing just doesn't add up picture perfect.
But all is free to make their mind up.
Just seems not all willing to do the homework necessary for a better decision.

For supporting the visual type, included some screenshots. Some info is in Hungarian, but Google should have no problem translating.
Basically they are the info/source written above.
Pretty much all info one can find on Fidelcrest, cos literally there is nothing about them.

Cheers
PF
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there is always, always another trade!!
  • #24
  • Jan 2, 2020 12:13pm Jan 2, 2020 12:13pm
Quoting profitfarmer
Happy New Year! To celebrate the occasion, here is a rare post. Hello, Are you sure Fidelcrest is correctly represented on the forum? Somehow the internet paints a different picture, when apart from self advertising links, The information out there talks about an LLC with 3 million HUF ( paid up?) capital ( 10k USD), No finance related company profile at all, but registered field as advertising agency ( only field!)? No regulatory links, nor mention on financial regulator of the LLC, unusual as it normally against the law. Founded in 20.09.2019?...

Hello and Happy New Year to you and everyone else!

We can see that since we are coming more and more popular, the more “articles” or “reviews” are written by “independent editors” who just want to warn everyone about new companies in FX industry. It’s always very generous having someone working free of charge to help traders avoid certain companies – without actually having any experience with the company what so ever besides information from Google search.

So, if you’d really like to become a real journalist then please send us your questions to our email address (found on our website) so we can reply and publish this interview on the same thread for everyone to read.

So far it seems, that you are just paid by some of our competitors to do couple of minutes of Google research, publish an article trying to do harm to our business and post random information here.

We will be waiting for your questions and you’re always welcome to our Budapest office to conduct an interview with the Director of Fidelcrest
  • #25
  • Jan 2, 2020 3:11pm Jan 2, 2020 3:11pm
Quoting jamthejame
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...
Hello and Happy New Year!

First of all, we don't appreciate anyone making false claims about Fidelcrest - we are an honest company with nothing to hide and everyone who takes time to have a chat with us will see that.

That being said, your post here would have been much more accurate if you’d actually used our services and asked us directly first. It seems very biased right now. Also, the reason why you publish here is not clear to me.

We would like to welcome you and/or everyone else contact us directly if you have any doubts or questions about the company and the Challenge

For example, Thomas is indeed not a trader but our Affiliate Manager, that doesn’t mean that he has no knowledge about trading, but it might not be as accomplished as yours if you claim to be in business for 20 years already.

The company which operated Fidelcrest Challenge before has been operational since 1992. The idea and development of Fidelcrest Challenge started in the beginning of 2019. We have never hidden that fact and are actually quite proud that we’ve managed to achieve so much during that time.

The way our client communication is handled is via email, ticketing system or Live Chat – that’s our choice and so far there has been no complaints - every client enquiry has been sorted.

We have never claimed that we have 10 (or whatever nr) people in each country, so I’m not sure where did you come to that conclusion. We have our core team + management to manage the Challenge business. Besides, it would be impossible to manage the whole business with only one person.

If you’d been long enough with us then you would know that we updated our business concept. Our competitors are after the Challenge fees as their main business, our main business is to find profitable traders who meet our trading rules and objectives - as simple as that.

The Challenge parameters as you call them are available to see for everyone even before signing up. All the rules and objectives are clearly available on our website, in the Terms of Use client needs to read and accept before purchasing any of our Challenges + in Client Area. In addition to that, we ALWAYS emphasize to clients that they should read and understand the rules before starting the Challenge. And we ALWAYS explain every rule or objective if client needs any clarification.

We sometimes show best trades of the day or week – that’s just that, nothing else to read into with this. Yes, some traders might get lucky and manage to catch a very good trade, I don’t see anything wrong about that.

We have explained this to our clients many times if asked but Challenge fees are not even covering our business costs, if you claim that all we are after, are the Challenge fees, then you clearly don't realize that we would be out of business by now if that'd be true.

I’m not sure what “global” means to you but for us it means that we accept traders worldwide and offer support and help for everyone – no matter the location. The time when having someone physically present in each corner of the world is long over.

To conclude, thank you for giving us a chance to clear up some things for you and others here.

I wish you all the best
  • #26
  • Jan 3, 2020 2:50pm Jan 3, 2020 2:50pm
https://www.google.hu/maps/place/Bud...4!4d19.0737855

It seems your office belongs to a lawyer called Tamás Nemes .
  • #27
  • Jan 4, 2020 7:08am Jan 4, 2020 7:08am
Quoting MKK
{quote} Hello and Happy New Year to you and everyone else! We can see that since we are coming more and more popular, the more “articles” or “reviews” are written by “independent editors” who just want to warn everyone about new companies in FX industry. It’s always very generous having someone working free of charge to help traders avoid certain companies – without actually having any experience with the company what so ever besides information from Google search.
You are an advertising company (according to documents filled - we don't assume that you lied there).

What kind of advertising do you do?
  • #28
  • Jan 5, 2020 5:10am Jan 5, 2020 5:10am
Trading other peoples money=pain in the a$$...sorry..
  • #29
  • Jan 7, 2020 11:03am Jan 7, 2020 11:03am
Haven't cleared anything up Just wrote a bunch of blah blah to counter what was written about you. You have not provided any hard evidence to disprove the written, however, what you have done, you lied more, because yes you did say in the chat that you have people in every w/e location your phone numbers were, which didnt work. But that nuance in your scheme.

You claim to be "pro traders" and not "again", you claim to not work for the feels, if so, then its a very simple, how about instead of lowering the "challenge fees" and entice more future victims, and lower you trading requirements, which are set to implode any trade in months to come.

How about you show your management team and their bios, so people can see and verify and not just hide behind a bunch of posts. How about instead of writing about transparency, become transparent.

Come around clean, and maybe you'll have a chance to clean up your name, otherwise, most posts would only look like more excuses and lies... which is expected, unfortunately.
  • #30
  • Jan 7, 2020 11:04am Jan 7, 2020 11:04am
Quoting Plasma
https://www.google.hu/maps/place/Bud...4!4d19.0737855 It seems your office belongs to a lawyer called Tamás Nemes .

Which is standard practice for a one-man show. Setting up entities in other jurisdictions is not rocket science nor that difficult nowadays.
  • #31
  • Jan 7, 2020 11:14am Jan 7, 2020 11:14am
Quoting MKK
{quote} Hi there, The Challenge fees are in place to make sure that you treat your Challenge account responsibly and also to raise more trading capital for Fidelcrest traders who have passed the Trading Challenge.
So you don't have traders, don't have capital at this moment and are an advertising company. That pretty sums it up.
  • #32
  • Jan 17, 2020 3:04am Jan 17, 2020 3:04am
I think for the most people complex to understand what your goal is....nice website layout anyway....
Vucking good EA coder... https://t.ly/AZjRM
  • #33
  • Jan 26, 2020 2:55am Jan 26, 2020 2:55am
Quoting Abe1976
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!
hello sorry for my question, but.. how is going with them? did they pay you? sorry again but i am interested in that
  • #34
  • Feb 24, 2020 1:21pm Feb 24, 2020 1:21pm
Quoting Abe1976
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!
Did you get funded? How is your experience with them so far?
  • #35
  • Mar 8, 2020 5:22am Mar 8, 2020 5:22am
Good job, I guess you guys nailed it since MKK hasn’t validly opposed your points not showing up here for more than two months. So pathetic...
I was about to pay for a challenge so thanks again.
I used to be indecisive but now I'm not so sure...
  • #36
  • Mar 8, 2020 12:52pm Mar 8, 2020 12:52pm
Quoting profitfarmer
Happy New Year! To celebrate the occasion, here is a rare post. Hello, Are you sure Fidelcrest is correctly represented on the forum? Somehow the internet paints a different picture, when apart from self advertising links, The information out there talks about an LLC with 3 million HUF ( paid up?) capital ( 10k USD), No finance related company profile at all, but registered field as advertising agency ( only field!)? No regulatory links, nor mention on financial regulator of the LLC, unusual as it normally against the law. Founded in 20.09.2019?...
good one
  • #37
  • Mar 8, 2020 1:47pm Mar 8, 2020 1:47pm
Seems backwards to me. If i am a professional trader, people should be coming to me to trade their accounts. What is the value to me? What do i gain from a service like this?
  • #38
  • Edited Apr 10, 2020 6:23am Apr 9, 2020 10:47am | Edited Apr 10, 2020 6:23am
Fidelcrest is a scam guys here's why. They give you 100:1 margin but limit you to 10% margin usage assuming you are going for aggressive 10% monthly profit target. Meaning $25,000 account is really just $2500. Also, if you get enticed with 2.5% monthly target thinking this should be easy to obtain. Think again. 2.5% profit target they also limit you to 2.5% margin usage you will have to trade size so small it's same risk as aggressive account. Also, Meaning this is just a $650 account. Don't waste your time giving them your money with all their stupid rules you stand a better chance on your own. They make you pay $200 something dollars for a $650 account????!!! And then after you pass they want you to double their money every month?!!! Then you are also not paid the extra if you exceed the profit target a month. SCAMM!!! Stay away guys STAY AWAY!!!

Open your own account instead of dealing with these SCAMMERS!!!

EDIT:

Taken from their website: https://challenge.fidelcrest.com/det...risk-strategy/

Maximum Margin Usage
Maximum allowed margin usage is 2% of the account equity at any given time. So it's not 2.5%. $25,000 is really a $500 account (SCAM) You pay $500 for the challenge to get funded with $500???!!! You just funded your own account and not Fidelcrest!!!
Maximum allowed margin usage for any single trade is 1.5%. ??? Much worst this $25,000 account is really just $375. So you just funded $500 and took away $125 away from you???!!! (SCAM)
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  • #39
  • Apr 10, 2020 6:35am Apr 10, 2020 6:35am
Who wants to pay $499 to get funded with a $500 account? If you are stupid go ahead and take the Fidelcrest challenge

$25,000 with a margin limit of 2% is $500 account. Fidelcrest will thank you for funding your own account if you pass. Plus they get 60% commission the first month.
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  • #40
  • Apr 11, 2020 10:00am Apr 11, 2020 10:00am
I think this qualifies as fraud and I am certain there is not a single trader who got funded.
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