'To get something you never had, you have to do something you never did.'
- #45
- Jul 16, 2020 9:39am Jul 16, 2020 9:39am
- Joined Mar 2013 | Status: Trader | 6,512 Posts
Don't bother with these scammers. Few read all the rules. Margin limit is 2% from equity of account. So, you're buying power is just $200 on a $10,000 account. Don't even think about signing up with these guys. You will not fail the challenge. Most likely you will fail because you will open a lot size too big hitting the margin limit.
Go to FTMO they have clearer simpler rules not like these scammers.
DONT DO IT
Go to FTMO they have clearer simpler rules not like these scammers.
DONT DO IT
- #48
- Jul 17, 2020 7:44am Jul 17, 2020 7:44am
- Joined Mar 2013 | Status: Trader | 6,512 Posts
Guy, please help me to understand here. If i'm looking at 50,000 agressive challenge and compare both company side by side (FTMO vs FIDEL). If only look at the number one rule that failed the most people is the max daily floating loss/balance I believe. So if only 2% for FIDEL, it'll be 50,000*2%=1000. And for the FTMO only the MAX daily loss number applies, so it'll be 50,000*10%=5000. Do I get this right? FIDEL also has this max daily loss which is 6.25%, which is 3125. What's about FMTO, is it really 10% not 2% or something like that?
To answer your question. The 2% on Fidel is the margin limit, meaning your $10,000 account, buying power is just $200. And I can't believe people sign up for this shit.
While if you compare it with FTMO, $10,000 account is 10,000 buying power. Both have 10% max draw down, but the other (Fidel Scammers) will most likely fail you because you will open a lot size too big. With your $200 buying power it will be more difficult for you to make the 10% profit target. There are still others that gets lucky and pass it. But, I am almost certain they won't last long because of this stupid rules by Fidel. Also, with FTMO being better why bother with these scammers. If I see them in person I would tell them in their face that they are bunch of scammers. Actually, someone should sue these guys (Fidel) already. [quote=mnmnmmnnmnmn;13063993] If only look at the number one rule that failed the most people is the max daily floating loss/balance I believe."No with Fidel, most fail at first trade because they exceed the margin limit just by opening a position.
They are still profitable but will still fail. So don't even think about Fidel. Or even imagine it. Just don't do it.
- #49
- Jul 17, 2020 8:44am Jul 17, 2020 8:44am
- Joined Feb 2011 | Status: Trader | 6,018 Posts
{quote} Just don't think about comparing FTMO with Fidel. Fidel are scammers while FTMO is more legit. Just go with FTMO
DITTO
- #50
- Jul 19, 2020 11:10pm Jul 19, 2020 11:10pm
- | Joined Jul 2012 | Status: Edmonton Alberta Canada | 530 Posts
{quote} Just don't think about comparing FTMO with Fidel. Fidel are scammers while FTMO is more legit. Just go with FTMO
Whatever is happening right now has happened before and will happen again.
- #55
- Jul 27, 2020 1:53pm Jul 27, 2020 1:53pm
- Joined Feb 2011 | Status: Trader | 6,018 Posts
{quote} {image}
Good luck on your journey with Fidelcrest!
{quote} Thank you mate that's very reassuring
anyway fidelcrest or ftmo or any other firm it's just new brokers business style i guess.
and i recommend whatever firm people must read rules very carefully again and again so not complain later
- #57
- Jul 28, 2020 5:44am Jul 28, 2020 5:44am
- Joined Mar 2013 | Status: Trader | 6,512 Posts
{quote} Thank you mate that's very reassuring
And now a 180 second rule? This is new hah hah
