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Quoting TrAndy1
I only can warn you against 5ers. If regulators step in you need to pay back all your gains and you get your challenge fees also back. Everything is set to ZERO when they come. It is simply not allowed to take any real money as trader without having a license. Either you as trader needs a financial advisor license or the prop firm needs to be licensed. WITHOUT a license it is just big crime and nothing else.

It says it's a Nostro investment, and not a financial institution, what do you think about that?
Quoting Nic2020
{quote} It says it's a Nostro investment, and not a financial institution, what do you think about that?
I still think the same. If regulators step in they will notice the same like me. It is not allowed without any license for sure. So then you need to ask what are the consequences then ? Everything can set to zero then. Not I say it is most probably but still a possible outcome. The hanging man is already on the way at 5ers.
Quoting Nic2020
{quote} It says it's a Nostro investment, and not a financial institution, what do you think about that?
If you are not broke and have some money left I would use it on a normal good broker and then pull out any profits regularly until you have withdrawn 100% out of deposit. That is best to duplicate any prop firm. And conditions are better or best and you can withdraw any day. And you do not need to worry about any (future or hidden) rules or payout problems. I have described this method earlier here.
I'm wondering why no one is talking about Fidelcrest as a viable alternative prop firm choice?

They have pretty decent trade conditions and are offering some good deals at the moment like 2 for 1 etc.

I'm currently on phase 2 and so far so good so not sure why they not being mentioned more often?
Truth is like poetry. And most people f*cking hate poetry.
Quoting mrdfx
I'm wondering why no one is talking about Fidelcrest as a viable alternative prop firm choice? They have pretty decent trade conditions and are offering some good deals at the moment like 2 for 1 etc. I'm currently on phase 2 and so far so good so not sure why they not being mentioned more often?
They have a VERY discretionary rule / Paragraph at their T&C here. https://fidelcrest.com/general-terms-and-conditions
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  •  Soros
  • Joined Sep 2012 | Status: Edge,Phsycology And Money Managemen | 951 Posts
Quoting Capablanca
{quote} Really ? Never experienced anything there (I only do forex and low lots up to 5)
whats your acc size?
I am what Many Dream to be but only a few can achieve, im a part of the 1%
Quoting mrdfx
I'm wondering why no one is talking about Fidelcrest as a viable alternative prop firm choice? They have pretty decent trade conditions and are offering some good deals at the moment like 2 for 1 etc. I'm currently on phase 2 and so far so good so not sure why they not being mentioned more often?
If you always trade the same lot size and have the same number of open orders then you are fine with their discretionary consistency rule at Fidelcrest.
Otherwise when it comes to payout you can pray that you can get it.
Quoting Soros
{quote} whats your acc size?
100K
Quoting TrAndy1
{quote} They have a VERY discretionary rule / Paragraph at their T&C here. https://fidelcrest.com/general-terms-and-conditions {image}
If we make a mistake entering the order size they can use that against us
Quoting mrdfx
I'm wondering why no one is talking about Fidelcrest as a viable alternative prop firm choice? They have pretty decent trade conditions and are offering some good deals at the moment like 2 for 1 etc. I'm currently on phase 2 and so far so good so not sure why they not being mentioned more often?
Do you think they can do payouts ? Their $1m offer is priced €3k; for 50% fee increase you get $2m when funded. So basically you get for less than $5k vs. $160k max. DD. That is 1:32 ratio or incredible better offer than MFF ever had. And they can do payouts ?
Quoting TrAndy1
{quote} Do you think they can do payouts ? Their $1m offer is priced €3k; for 50% fee increase you get $2m when funded. So basically you get for less than $5k vs. $160k max. DD. That is 1:32 ratio or incredible better offer than MFF ever had. And they can do payouts ?
Just in case the have the same passing stats like 3 other props already posted. Then out of 1:17 trader had the minimum 5% profit payout they are already broke. Of course flipping two times before getting funded is harder here, but only 5% profit split is then needed to make this prop firm bankrupt or no profits they can make.
Quoting mrdfx
I'm wondering why no one is talking about Fidelcrest as a viable alternative prop firm choice?
-There are many reasons that have been discussed here, but you would need to look several months back in this thread to find them all.
Quoting Bizziebee
{quote} Friend, I purchased a 50k from FTMO and traded the news and reached the target in minutes The failed the account and refused to promote me. I'm afraid to tell you that ALL of these prop do the same thing. It aint just FPF
I've purchased 500 challenges over the last 6 years from 20 different firms and have NEVER been failed due to my trading style which is very YOLO esque. How? because I don't use companies with consistency rules.
Pride always comes before destruction.... -Proverbs 16:18
Quoting Expo33
{quote} I've purchased 500 challenges over the last 6 years from 20 different firms and have NEVER been failed due to my trading style which is very YOLO esque. How? because I don't use companies with consistency rules.
So you spent $250k ? or $100k on challenges purchases ? How much did you get back ?
Quoting TrAndy1
{quote} If you always trade the same lot size and have the same number of open orders then you are fine with their discretionary consistency rule at Fidelcrest. Otherwise when it comes to payout you can pray that you can get it.
Yes the strategies I use don't have very different lot sizes and when I passed phase 1 they checked my trading history and approved my results so I guess I'm in the clear with my trading style.

Quoting TrAndy1
{quote} Just in case the have the same passing stats like 3 other props already posted. Then out of 1:17 trader had the minimum 5% profit payout they are already broke. Of course flipping two times before getting funded is harder here, but only 5% profit split is then needed to make this prop firm bankrupt or no profits they can make.
I can't say if they would or would not pay out on a $1m account, I need to get there first, but how can you assume that they would go bankrupt if the have to pay out a $1m funded trader?
Truth is like poetry. And most people f*cking hate poetry.
Quoting Nsak3y
{quote}-There are many reasons that have been discussed here, but you would need to look several months back in this thread to find them all.
Yes I did do a search but most of it is outdated as Fidelcrest changed their conditions and rules a little while back making them a much more viable offer to consider.
Truth is like poetry. And most people f*cking hate poetry.
Quoting mrdfx
{quote} Yes I did do a search but most of it is outdated as Fidelcrest changed their conditions and rules a little while back making them a much more viable offer to consider.
Did you ever get a payout from them in the past ? or do you only speculate that they are good (because your money is already invested with them) ?
Quoting TrAndy1
{quote} So you spent $250k ? or $100k on challenges purchases ? How much did you get back ?
The majority of the challenges were 10-25K
Pride always comes before destruction.... -Proverbs 16:18
Quoting Expo33
{quote} The majority of the challenges were 10-25K
So you spent $50k over 6 years and how much did you earn with those ?
Quoting TrAndy1
{quote} So you spent $50k over 6 years and how much did you earn with those ?
Enough to make it worth my time
Pride always comes before destruction.... -Proverbs 16:18
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