Fidelcrest Review: Pros and Cons

The founders of Fidelcrest, a proprietary trading firm, all have more than ten years of experience in the brokerage industry and are seasoned veterans of the Forex market. It was founded in 2018, and its headquarters are in Cyprus; nevertheless, it works with business partners worldwide, notably in the United States. For those interested in trading currency pairings and CFDs on stocks, indices, metals, and commodities, Fidelcrest provides Pro and Micro accounts for the MT4 interface. The ability to trade using Fidelcrest money is contingent upon the trader passing the assessment and meeting the trading conditions. It’s possible to raise anything from $10,000 to $2,000,000.

Pros of trading with Fidelcrest

Some of Fidelcrest’s benefits include: 

The option to open accounts with varying degrees of danger.

  • There is the potential for a $2,000,000 loan.
  • Unlike other proprietary trading organizations, the subscription price is paid simultaneously.
  • A large selection of Contracts for Difference (CFDs) and currency pairings are offered for trading.
  • The option to engage in leveraged trades.
  • Benefits such as a faster savings program, a free extra account, and a doubling initial investment are bonuses.

Cons of trading with Fidelcrest

  • Fidelcrest’s drawbacks include the inability to earn passive money and the lack of weekend hours for technical help.
  • The maximum number of trading days is just 30 days, which does not help traders who employ long-term tactics.
  • Two-stage review procedure that can take up to 90 days.
  •  Less available teaching materials and resources than other prop trading businesses.

What is Topsteptrader?

Established in 2012, Topstep Trader was created by Michael Patak. INC.5000 lists Topstep Trader as one of the top 5,000 fastest-growing private enterprises in the United States. As a result, Topstep Traders’ offerings are just what the vast majority of traders need.

The principle is straightforward. For those who meet the requirements, Topstep Traders will fund a futures trading account and share 90% of the gains once the trader keeps the first $5,000. Here is a short Top step review.

Which people shouldn’t join Topstep?

If you are not comfortable with this type of trading, you should look for a different prop business that deals in more than just futures. However, other prop businesses provide a wider variety of investments, such as equities, cryptocurrencies, and more.

Also, consider it elsewhere if you’d rather not pay your prop business money every month but instead pay a more significant sum all at once. One of the drawbacks of working with prop companies that only one-time charge fees is that virtually all of them give you a very short window to fulfill profit objectives, and if you don’t, your account is deleted. Topstep gives you as much space as you will need to produce profits, but you’ll pay a monthly fee as a Trading Combine member.

Since Topstep is headquartered in the United States, it is prohibited by law from conducting business with individuals in countries subject to sanctions by the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC). The resident of one of the nations on OFAC’s unusually lengthy list will need to find a prop business outside the United States.

Who should consider becoming a Topstep member?

Topstep’s funded futures accounts provide you access to up to $150,000 in purchasing power for a significantly reduced monthly charge, making them ideal for speculative traders who need just access to funds to maximize earnings. Topstep’s trading tools, performance coaches, extremely active trading community, and extensive training resources benefit new futures traders. Join Topstep, the best-sponsored trader program in the industry, to start trading futures today. If you’re looking into the future, look no further.

Should I trust Topstep?

When it comes to legitimacy, Topstep is 100% legit. They’ve been “prop trading” for ten years now. They have dispersed millions in winnings to their hundreds of financed traders.

Topstep’s headquarters can be found in the heart of Chicago, a short distance from the Chicago Board of Trade by the L train and a stroll over the river from the Chicago Mercantile Exchange. They have established themselves as essential to the Chicago futures trading scene.

How can I meet Topstep Combine’s requirements?

To pass Topstep Combine, you must show that you can make money and handle risk. There is no foolproof method to giving Topstep Combine, so utilize the demo to hone your abilities. Your ability to manage a real account will improve as a result.

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