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My Fidelcrest Journey

  • #1
  • First Post: Jul 13, 2020 6:44am Jul 13, 2020 6:44am
Hi everyone

Well I decided to try these guys. Mainly because I couldn't afford any of the alternatives like FTMO!

Anyway I registered for the $15000 challenge. They give a fat discount so it's relatively cheap.

Objectives are fairly easy. You have to achieve $1500 profit in a minimum of 10 days (max 30 days). One step evaluation

After that IF they like you and you get there in 10 days, you get a funded account with same target of which you get 50% and 90% of anything above

Wish me luck - I'm gonna need it not because the target is difficult but because these guys have such a poor name!
  • #2
  • Edited 3:48pm Jul 13, 2020 6:48am | Edited 3:48pm
Broker I'm using is ICmarkets. None of the other offerings are any good do don't bother with them if you decide to join me

You are limited with margin. Max is 15% on any one position and 30% for all positions.

Here is a ICmarket margin chart (I have kept every position under the limit):

GU/GJ - 1 LOT = 1261
UC/UCHF - 1 LOT = 1000
EJ/EU - 1 LOT = 1130
GOLD - 1 LOT = 1808
US30 - 10 LOTS = 1280
US500 - 100 LOTS = 1571
DAX - 20 LOTS = 1420
  • #3
  • Jul 13, 2020 6:50am Jul 13, 2020 6:50am
And please, NO TROLLS allowed here thank you. Will be IMMEDIATELY EJECTED without a parachute!!

Only constructive comments. Thanks

Or any questions in case you may be thinking of joining me and being a Kamikaze!!
  • #4
  • Jul 13, 2020 8:46am Jul 13, 2020 8:46am
The other rule they have is that every trade must have SL and TP. Also minimum trade duration is 180 seconds to deter scalping.

Anyway, that's not really a big problem if you use solid trend direction techniques like TMA and ema cross.

I am posting a very useful script with preset SL and TP levels for Gold, US30, Dax and normal pairs. Just drag and drop after you've opened a trade
Attached File(s)
File Type: mq4 Modify all OPENnPENDING orders to Same SL TP DAX.mq4   5 KB | 296 downloads
File Type: mq4 Modify all OPENnPENDING orders to Same SL TP EA.mq4   5 KB | 293 downloads
File Type: mq4 Modify all OPENnPENDING orders to Same SL TP GOLD.mq4   5 KB | 317 downloads
File Type: mq4 Modify all OPENnPENDING orders to Same SL TP US30.mq4   5 KB | 309 downloads
  • #5
  • Jul 13, 2020 3:52pm Jul 13, 2020 3:52pm
Oh forgot another rule

You have to have 10 positive trading days. That is the account must show an increase for 10 of the 30 days

So that's why I'm not rushing it. For this challenge one only needs to do $150 a day for 10 days
  • #6
  • Jul 14, 2020 1:48am Jul 14, 2020 1:48am
Hi everyone

Well a small gain today and that's it for the day! Eight days to go to my funded account - hopefully!
  • #7
  • Jul 14, 2020 10:07am Jul 14, 2020 10:07am
Quoting Mtinifx
Hi everyone Well a small gain today and that's it for the day! Eight days to go to my funded account - hopefully!

Guys for more info on Fidelcrest traders:

https://www.facebook.com/groups/445532369508279/

Some are doing the 400k account - only $1400 - wow
  • #8
  • Jul 15, 2020 11:35am Jul 15, 2020 11:35am
Well nice day and TE looks really good but apparently I have failed - Yep!! Guess what - the margin limit is $4500 and I went over by $27.00 - Although I closed the trade immediately when I spotted my mistake


Now we all know why no one likes these guys!! Not to be recommended I'm afraid
  • #9
  • Jul 16, 2020 9:19am Jul 16, 2020 9:19am
Quoting Mtinifx
Well nice day and TE looks really good but apparently I have failed - Yep!! Guess what - the margin limit is $4500 and I went over by $27.00 - Although I closed the trade immediately when I spotted my mistake Now we all know why no one likes these guys!! Not to be recommended I'm afraid
Ah bro... You did not read about my review on these scammers or did not listen. You should have read their rules carefully before starting. They have a margin limit of 2%. So doesn't matter if they say capital funding is 10,000 your real buying power is only really just $200 due to margin limit. The result... You will not fail the challenge but you will fail because you will open a lot size too big hitting the margin limit. This is how they scam people.

Stick with FTMO bud they have clearer rules and not like these guys.

I can't believe you are their latest victim

Read here: I posted this on their own forum to warn people... I can't believe you fell for their trick

https://www.forexfactory.com/showthr...7#post12868067
  • #10
  • Jul 16, 2020 9:28am Jul 16, 2020 9:28am
Quoting Mtinifx
{quote} Guys for more info on Fidelcrest traders: https://www.facebook.com/groups/445532369508279/ Some are doing the 400k account - only $1400 - wow
hah hah you guys got suckered $400,000 with a buying power of $8,000 due to margin limit of 2% . Ah well...

Anywho... Haven't posted in a long time. I only posted cause I see you got suckered by Fidelcrest too.

I won't sign up with those suckers even on a 75% discount
  • #11
  • Jul 16, 2020 10:26am Jul 16, 2020 10:26am
Quoting maflip
{quote} Ah bro... You did not read about my review on these scammers or did not listen. You should have read their rules carefully before starting. They have a margin limit of 2%. So doesn't matter if they say capital funding is 10,000 your real buying power is only really just $200 due to margin limit. The result... You will not fail the challenge...

Thanks mate . Yes I should have listened to you. You are quite right.

They are a complete bunch of scammers. Only interested in Challenge fees.

They have offered me another challenge with 25% discount - you are right I wouldn't take one with 75% DISCOUNT!!!

I hope that everyone is now suitably warned
  • #12
  • Jul 17, 2020 7:01pm Jul 17, 2020 7:01pm
i don't understand why you choose Fidelcrest , there is a lot of cheap options and a lot of firms ftmo & fidelcrest not only one
  • #13
  • Jul 18, 2020 3:53am Jul 18, 2020 3:53am
Quoting JsCave
i don't understand why you choose Fidelcrest , there is a lot of cheap options and a lot of firms ftmo & fidelcrest not only one

I like throwing money down the drain!
  • #14
  • Aug 3, 2020 6:34pm Aug 3, 2020 6:34pm
Well I guess I should have read about these before I stargeted. I did the challenge back in april and passsed. I did my first month and I achieved the profit target without no issues. I just completed my second month target of 5%. I contacted them only to get an email back to say I failed. LOL. According to the email I didn't put a sl and a tp on at least 4 trades which came to me as a surprise. So I achieved the target but yet failed. So am not gonna get my profit share and to top it up the send an email to that I can get 25% the next challenge fee if I reply back. I have done a review about them on youtube priasing them because I received the first payment. Now I have to go back and add this to the review to warn people to stay away.

It quite obvious they are not looking for traders. They are looking for the fees traders pay to get the challenge. I have been profitable for the last 3 months.
1. By passing the challenge.
2. Profitable the first month
3. Profitable the second month.

Yet Its not good enough to be a trader because i didnt put a sl or tp and a trade.

Screenshoots attached.

BE WARNED.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: June Trading.png Size: 65 KB
Click to Enlarge Name: May Trading.png Size: 64 KB
Click to Enlarge Name: April trading.png Size: 87 KB
  • #15
  • Last Post: Aug 4, 2020 1:14am Aug 4, 2020 1:14am
Quoting yawdanso
Well I guess I should have read about these before I stargeted. I did the challenge back in april and passsed. I did my first month and I achieved the profit target without no issues. I just completed my second month target of 5%. I contacted them only to get an email back to say I failed. LOL. According to the email I didn't put a sl and a tp on at least 4 trades which came to me as a surprise. So I achieved the target but yet failed. So am not gonna get my profit share and to top it up the send an email to that I can get 25% the next challenge...
My dear friend you are yet another person to be scammed. Yep they profit solely by subscription fees. Please do that warning. It will help!
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