Fidelcrest, a prominent proprietary trading firm, offers traders the opportunity to showcase their skills and manage funded accounts. Founded in 2018, Fidelcrest operates on a progressive growth model, allowing traders to start with smaller account sizes and increase funding gradually as they demonstrate consistent performance.
The firm provides a range of account types, starting with Micro accounts that offer traders a balance of $5,000-$20,000 to manage, with fees starting at just $99.
Fidelcrest's business model focuses on finding skilled traders and providing them with funded accounts while taking responsibility for any losses incurred by traders, creating a risk-free trading environment.
When comparing Fidelcrest to other alternatives it is essential to consider factors such as profit split, costs, maximum balance, and user ratings.
Traders interested in proprietary trading should carefully evaluate the features and benefits offered by different firms to align with their investment goals and risk tolerance levels.
Why Best Fidelcrest Alternatives?
Fidelcrest, a well-known proprietary trading firm, offers traders the opportunity to manage funded accounts and showcase their skills in the financial markets. While Fidelcrest has its merits, exploring alternatives can be beneficial for traders seeking different features, cost structures, or trading conditions. Here are some reasons why one might consider Fidelcrest alternatives:
- Cost-Effectiveness: Some alternative firms may offer more competitive pricing structures or lower fees compared to Fidelcrest.
This can be appealing for traders looking to maximize their profits.
- Account Customization: Different firms may provide more flexibility in account customization, allowing traders to tailor their trading experience to better suit their strategies and preferences.
- Risk Management: Alternative firms may have different risk management policies or offer varying levels of risk exposure, providing traders with options that align better with their risk tolerance levels.
- Trading Conditions: Each alternative firm may have unique trading conditions, such as profit-sharing ratios, maximum drawdown limits, and trading period durations, which can influence a trader's decision based on their trading style and goals.
- User Experience: Exploring alternatives allows traders to assess the overall user experience, including customer support quality, platform usability, and additional services provided by different firms.
✔ The Top 9 Fidelcrest Alternatives ✔
| Proprietary Trading Firm | Location | Max Account Size | Profit Split | Cost |
|---|---|---|---|---|
| 1. FTMO | Prague, Czech Republic | $2,000,000 | Up to 90% | From €155 |
| 2. Funded Trading Plus | London, UK | $2,500,000 | Up to 90% | From $119 |
| 3. Topstep | Chicago, Illinois, USA | $150,000 | 90% | From $165/month |
| 4. FunderPro | Malta (Founded in late 2022) | $10,000,000 (scaled) | Varies | Varies |
| 5. The 5%ers | Founded by Gil Ben Hur and Snir Chiel | $5,760,000 (Forex) / $300,000 (Futures) | Up to 100% / Up to 80% profit split for Forex / Futures respectively | From $149 / From $137/month for Forex / Futures respectively |
| 6. Traders With Edge Turtle | – | $3 Million | 80% | $549.00 |
| 7. Traders with Edge Hare | – | $3 Million | 80% | $550.00 |
| 8. FidelCrest Pro Trader Normal | – | $1 Million | Up to 80% | €717.00 |
| 9. FidelCrest Pro Trader Aggressive | – | $1 Million | Up to 90% | €1,082.00 |
1. FTMO
FTMO, a leading proprietary trading firm, has revolutionized the trading industry with its unique 2-step Evaluation Process designed to uncover trading talents. This process includes the FTMO Challenge and Verification, culminating in the opportunity to trade on an FTMO Account with a balance of up to $200,000.
While the journey to success may be challenging, FTMO provides invaluable support through educational resources, Account Analysis, and Performance Coaches dedicated to guiding traders toward financial independence.
Bypassing the FTMO Challenge and Verification, traders can access an FTMO Account and benefit from a range of features tailored to their trading style and needs.
With no restrictions on holding positions over weekends or during macroeconomic releases, the FTMO Account offers flexibility and growth opportunities for traders. Additionally, FTMO's Scaling Plan rewards consistency and profitability by increasing account balances by 25% every 4 months.
Traders interested in joining the ranks of successful FTMO Traders can take advantage of a Free Trial option to experience the evaluation process firsthand. The firm's payout system ensures transparency and convenience, with a default payout ratio of 80% that can increase to an impressive 90% for traders meeting the conditions of the Scaling Plan.
Key Features of FTMO
- The FTMO Challenge is a comprehensive digital product that includes educational materials, trading and analytical applications, and a simulation of real trading with currency pairs and other financial instruments.
- Traders participate in simulated trading with a demo account to evaluate their skills based on pre-set objectives and rules.
- Traders who successfully complete the Challenge and Verification gain access to an FTMO Account with a balance of up to $200,000.
- Trading on the FTMO Account is done with fictitious capital, but traders receive real financial rewards based on their trading performance.
- All simulated trading within FTMO occurs on the firm's infrastructure using popular platforms like MT4, MT5, and cTrader.
2. Funded Trading Plus
Funded Trading Plus stands out as a premier destination for traders seeking funded trading opportunities and comprehensive support in navigating the complexities of the financial markets.
With a diverse range of funded trading programs tailored to different trading styles and experience levels, Funded Trading Plus offers a platform where traders can hone their skills, gain practical experience, and potentially access funded accounts to amplify their trading potential. Let's delve into the world of Funded Trading Plus to explore the unique features and benefits it offers to aspiring traders looking to elevate their trading journey.
Key Features of Funded Trading Plus
- Diverse Assets: Funded Trading Plus offers a wide range of assets, including Forex, Commodities, Indices, and Futures, catering to various trader preferences.
- Profit Split Arrangements: Traders benefit from a 100% profit split for the first three months, transitioning to an impressive 90% thereafter.
- Flexible Trading Conditions: Traders enjoy the freedom of news trading, no minimum trading day requirement, and a streamlined 1-step evaluation process, making it a highly appreciated instant funding prop firm.
- Access to Advanced Tools: Traders have access to valuable tools like Bookmap and Jigsaw Daytradr, enhancing market visibility and decision-making processes.
- Support System: Funded Trading Plus provides round-the-clock support to traders, ensuring assistance is readily available whenever needed.
3. Topstep
Topstep emerges as a prominent player in the realm of proprietary trading, offering traders a unique pathway to hone their skills and access funded trading opportunities. With a strong emphasis on trading education, Topstep provides a range of programs tailored to different trading styles and experience levels.
Traders engaging with Topstep benefit from a simulated trading environment, extensive educational resources, and the potential to earn funded trading accounts upon successful completion of evaluations.
The platform's commitment to transparency, personalized support, and comprehensive guidance sets it apart as a valuable resource for traders seeking to navigate the complexities of the financial markets and pursue their trading ambitions with confidence.
Key Features of Topstep
- Trading Combine: Topstep's trading combine offers a flexible daily loss limit, a variety of futures contracts to trade, and a scalable funding model suitable for traders of different experience levels.
- Educational Support: Traders benefit from educational content, robust customer service, and a community that fosters knowledge sharing and continuous improvement.
- Risk Management Tools: Topstep provides position sizing calculators, profit/loss trackers, and the innovative Tilt Indicator to help traders manage risk effectively and make informed trading decisions.
- Transparent Trading Conditions: The platform simulates real market conditions with genuine risk and reward scenarios, preparing traders for professional trading opportunities.
- Funding Opportunities: Successful traders can access funded accounts with Topstep, allowing them to trade with real capital and potentially earn profits based on their performance.
4. FunderPro
FunderPro is a leading proprietary trading firm that offers traders a unique opportunity to showcase their skills and access funded trading accounts. With a focus on simplifying the path to funding while emphasizing risk management, FunderPro has structured its evaluation process into two phases: Evaluation and Verification. During the Evaluation phase, traders trade on a demo account, meeting specific criteria like profit targets and drawdown limits.
Upon successful completion, traders move to the Verification phase, where they demonstrate consistent profitability. Once approved, traders become FunderPro traders, gaining access to live accounts with a full STP/ECN broker and an 80/20 profit share in their favor. Additionally, FunderPro offers scaling opportunities for traders who can consistently build profits over time, allowing them to increase their account balance significantly.
The firm's commitment to transparency, risk management, and trader development positions it as a valuable platform for traders seeking funded trading opportunities with growth potential.
Key Features of FunderPro
- Funded Account Challenge: FunderPro offers a unique trading challenge with funded accounts of up to $200,000, allowing traders to scale their accounts up to $5 million while retaining 80% of the profits.
- STP Model: The company's Straight Through Processing (STP) model ensures faster processing speeds and eliminates conflicts of interest between traders and the firm, enhancing transparency and efficiency in trading.
- Educational Seminars: FunderPro hosts live educational seminars and meet-and-greets as part of the FunderPro World Tour, providing traders with valuable insights, top tips, and in-platform trading opportunities with experts.
- FunderPro Swing Account: The introduction of the Swing Account type allows traders to hold positions over weekends and during news events, catering to strategies that involve longer position-holding periods.
- Flexible Account Sizes: Traders can choose from different account sizes in the Swing Account Challenge, ranging from $25,000 to $200,000, each with corresponding maximum lots and risk management parameters.
5. The 5%ers
The 5%ers is a funded trader platform and growth program that aims to nurture top forex talents and propel them toward becoming full-time traders. Based in Israel, The 5%ers offers a variety of account types, leverage options, and a diverse selection of tradable assets, including forex majors, crosses, metals, and indices.
While the platform provides low spreads and commissions, traders should be cautious of overnight swap fees as part of their trading costs. The MetaTrader 5 platform is utilized for trading on The 5%ers, offering advanced features and accessibility across various devices.
Additionally, the platform offers several trading resources such as educational tools, psychology coaching, and a trading room to enhance traders' skills. However, it is crucial for traders to exercise caution due to the lack of regulation and the low score in terms of trust and reliability associated with The 5%ers.
Key Features of The 5%ers
- Variety of Account Types: The 5%ers offers three different account types tailored for traders of varying experience levels, including the Bootcamp for beginners and the Hyper Growth account for advanced traders.
- Flexible Leverage Options: Traders on The 5%ers platform can choose from different leverage options based on their risk tolerance and trading strategies, with low leverage values compared to other prop firms.
- Diverse Tradable Assets: Traders have access to a range of tradable assets, including forex majors, crosses, metals, and indices, providing ample opportunities for diversified trading portfolios.
- Trader-Friendly Trading Parameters: The platform offers relaxed trading rules, allowing traders to hold positions overnight, over weekends, trade news events, use Expert Advisors (EAs), and employ various trading styles like swing trading and scalping.
Comprehensive Support and Education: The 5 %ers provide a robust support system with daily trading rooms, webinars, educational videos, psychology coaching, and free courses to enhance traders' skills and knowledge.
6. Traders With Edge Turtle
Traders With Edge Turtle is a platform that offers unique trading challenges designed to enhance traders' strategies and elevate their trading skills. With offerings like the 25K Turtle Standard Challenge DX Trade and the 5K Turtle Standard Challenge DX Trade, traders can engage in one-phase challenges aimed at refining their trading approaches. These challenges provide opportunities for traders to scale their accounts, with features like account scaling, news trading, weekend holding, and the allowance of Expert Advisors (EAs).
Traders participating in these challenges have the potential to benefit from a profit split arrangement, leverage options, and risk management parameters such as maximum daily loss limits and maximum loss thresholds.
The platform's focus on providing structured challenges with clear objectives and support for traders seeking to improve their trading performance sets Traders With Edge Turtle apart as a valuable resource for traders looking to advance their trading capabilities.
Key Features of Traders with Edge Turtle
Unique Trading Challenges: Traders With Edge Turtle offers unique one-phase trading challenges like the 25K Turtle Standard Challenge DX Trade and the 5K Turtle Standard Challenge DX Trade, designed to enhance traders' strategies and elevate their trading skills.
- Account Scaling: Traders have the opportunity to scale their accounts based on performance, allowing them to potentially increase their account balance significantly over time.
- Risk Management Parameters: The platform provides risk management features such as maximum daily loss limits, maximum loss thresholds, and leverage options to help traders manage risk effectively and protect their capital.
- News Trading and Weekend Holding: Traders on Traders With Edge Turtle can engage in news trading and hold positions over weekends, providing flexibility in trading strategies and opportunities to capitalize on market movements.
- Expert Advisors (EAs) Allowed: The platform permits the use of Expert Advisors (EAs), enabling traders to automate trading strategies and optimize their trading efficiency.
7. Traders with Edge Hare
Traders With Edge Hare introduces a distinctive 2-phase challenge for traders seeking to refine their strategies and advance their trading skills. This challenge encompasses Phase 1 and Phase 2, offering traders the opportunity to progress through evaluation stages with specific criteria like profit targets, maximum daily loss limits, and account scaling potential up to $3 million.
Traders engaging in the Hare challenge can benefit from risk management features, allowance of Expert Advisors (EAs), news trading capabilities, and a profit split arrangement upon successful completion.
The platform's structured approach, clear objectives, and support for traders navigating the challenges of the financial markets make Traders With Edge Hare a valuable avenue for traders aiming to enhance their trading performance and achieve success in their trading endeavors.
Key Features of Traders with Edge Hare
- 2-Phase Challenge: Traders With Edge Hare offers a unique 2-phase challenge, encompassing Phase 1 and Phase 2, with specific criteria like profit targets, maximum daily loss limits, and account scaling potential up to $3 million.
- Risk Management Parameters: The platform provides risk management features such as maximum daily loss limits, maximum loss thresholds, and leverage options to help traders manage risk effectively and protect their capital during both phases of the challenge.
- Expert Advisors (EAs) Allowed: Traders engaging in the Hare challenge can utilize Expert Advisors (EAs) to automate trading strategies and enhance trading efficiency, subject to certain guidelines to prevent copy trading.
- News Trading and Weekend Holding: Traders on Traders With Edge Hare have the flexibility to engage in news trading and hold positions over weekends, allowing them to capitalize on market opportunities while managing their trades effectively.
- Profit Split Arrangement: Upon successful completion of the Hare challenge, traders have the potential to benefit from an 80% profit split arrangement, providing a rewarding incentive for their trading performance.
8. FidelCrest Pro Trader Normal
FidelCrest Pro Trader Normal is a part of FidelCrest, a proprietary trading firm that offers traders the opportunity to access substantial trading capital without the need for personal investment. The Pro Trader Normal account provides traders with access to up to $300,000 in trading capital, with a profit-sharing model favoring the trader at a split of 70/30.
Traders can engage in trading various instruments, including futures, within this account. The platform emphasizes risk management and transparent operational guidelines, positioning itself as a professional trading environment that encourages growth and learning.
Traders can choose from different account packages within the ProTrader category, each tailored to different trader profiles and preferences, with varying costs, trading capital sizes, and specific rules and objectives.
The Pro Trader Normal account is designed for more experienced traders and offers larger account sizes corresponding to higher costs, indicative of the advanced level of trading expected from users of these accounts. Overall, FidelCrest Pro Trader Normal presents an attractive option for both aspiring and experienced traders looking to access significant trading capital and benefit from favorable profit-sharing terms in a structured and professional trading environment.
Key Features of FidelCrest Pro Trader Normal
- Trading Capital: FidelCrest Pro Trader Normal offers traders access to up to $300,000 in trading capital, providing substantial resources for trading activities.
- Profit-Sharing Model: Traders on the Pro Trader Normal account benefit from a profit-sharing model with a split of 70/30 in favor of the trader, offering an attractive incentive for successful trading.
- Instrument Variety: Traders can engage in trading various instruments, including futures, within the Pro Trader Normal account, allowing for diversified trading strategies and opportunities.
- Risk Management: The platform emphasizes risk management, ensuring that traders have guidelines and tools to manage risk effectively while trading on the Pro Trader Normal account.
- Professional Environment: FidelCrest Pro Trader Normal provides a professional trading environment with transparent operational guidelines, suitable for experienced traders looking to grow and enhance their trading skills.
9. FidelCrest Pro Trader Aggressive
FidelCrest Pro Trader Aggressive is a trading program tailored for professional traders seeking a more aggressive trading approach. This program offers a substantial start capital of $100,000, providing traders with the resources to engage in high-risk trading strategies. With profit targets set at 10% of the initial capital, traders are challenged to achieve significant returns within the program's parameters.
While specific maximum loss limits are not explicitly mentioned, the Pro Trader Aggressive account is designed to push traders beyond their comfort zones and test their risk management skills.
Traders participating in this program must pass an evaluation phase before gaining access to funded trading accounts, ensuring a structured and merit-based progression. The Pro Trader Aggressive account allows for a wide range of trading strategies, excluding the use of robo-traders or third-party traders, emphasizing hands-on trading expertise.
With robust customer support and a focus on providing a challenging yet rewarding trading environment, FidelCrest Pro Trader Aggressive caters to experienced traders looking to push their boundaries and excel in the competitive world of trading.
Key Features of FidelCrest Pro Trader Aggressive
- Start Capital: The Pro Trader Aggressive program offers a substantial start capital of $100,000, providing traders with significant resources to engage in aggressive trading strategies
- Profit Targets: Traders participating in the Pro Trader Aggressive challenge have profit targets set at 10% of the initial capital, challenging them to achieve substantial returns within the program's parameters.
- Evaluation Phases: Traders must pass an evaluation phase, including the Trading Challenge and Verification stage, before gaining access to funded trading accounts within the Pro Trader Aggressive program.
- Risk Levels: The Pro Trader Aggressive account is designed for traders seeking a more aggressive risk profile compared to the Pro Trader Normal account, catering to those looking for higher-risk trading opportunities.
- Trading Strategies: Traders in the Pro Trader Aggressive challenge can utilize a wide range of trading strategies but are restricted from using robo-traders or third-party traders, emphasizing hands-on trading expertise.
- Customer Support: FidelCrest offers robust customer support with live chat boasting an average response time of just one minute, ensuring traders have access to timely assistance and guidance.
Comparison of Fidelcrest with it’s competitors
| Aspect | FidelCrest | Competitors |
|---|---|---|
| Transparency | Transparent and highly rated in the prop trading industry, offering profit splits between 80% and 90% | Some competitors may lack transparency and high ratings, potentially raising concerns about trustworthiness |
| Fees | High fees for evaluation programs and costs vary based on account size and challenge type | Some competitors offer alternatives with lower fees, providing more affordable access to funded accounts |
| Flexibility | Flexible funded account options catering to various traders and strategies | Other prop firms offer a more flexible trading environment without unnecessary rules or pressure |
| Monthly Profit Targets | No monthly profit targets once approved, providing flexibility in trading | Varies among competitors, some may have monthly profit targets |
| Customer Support | Robust customer support via email and live chat, detailed Q&A section on the website | Customer support quality may vary among competitors |
| Educational Content | Limited information on educational content provided | Some competitors offer educational content for traders |
What are the minimum investment requirements for Fidelcrest compared to its competitors?
| Aspect | FidelCrest | Competitors |
|---|---|---|
| Initial Capital | Offers funded account options with starting capital between $15,000 and $1,000,000 for different trader levels | Competitors like Crypto Fund Trader may have lower initial capital requirements ranging from $5,000 to $200,000 |
| Evaluation Fees | FidelCrest's evaluation programs have varying fees based on the challenge taken, starting from as little as €649 | Some competitors may offer alternatives with lower evaluation fees to access funded accounts |
| Funding Opportunities | FidelCrest provides opportunities for traders to earn significant profits with up to 90% profit share | Competitors like FTMO and FunderPro also offer funding opportunities with varying profit-sharing percentages |
FAQs on 9 Best Fidelcrest Alternatives
What are the top competitors of FidelCrest, and how do they compare in terms of monthly visits and similarity scores?
FidelCrest's top competitors include Traders With Edge, T4TCapitalFM, 5BestProprietaryTradingFirms, FTMO, and more. These competitors vary in monthly visits and similarity scores.
Do FidelCrest alternatives like Traders With Edge and FTMO offer instant funding and different evaluation processes?
Yes, alternatives like Traders With Edge and FTMO may provide instant funding opportunities with varying evaluation processes to cater to traders' needs.
Are there specific funded account options and profit-sharing models that set FidelCrest apart from competitors like FundedNext and The Funded Trader Program?
FidelCrest offers different funded account options with varying profit targets, drawdown limits, and subscription fees compared to its competitors.
Which trading platforms are commonly supported by FidelCrest alternatives, and what features do they offer for traders?
FidelCrest alternatives may support platforms like MT4, MT5, or proprietary platforms with features tailored to traders' needs for efficient trading.
What are the minimum investment requirements for accessing funded accounts with FidelCrest alternatives compared to FidelCrest itself?
The minimum investment requirements for funded accounts with FidelCrest alternatives may vary based on the account size and evaluation process compared to FidelCrest.
How does customer support differ between FidelCrest and its alternatives like FTMO, and what level of assistance can traders expect from these firms?
Customer support services may vary between FidelCrest and its alternatives, impacting the level of assistance available to traders seeking guidance or help during their trading journey.
Summing Up | 9 Best Fidelcrest Alternatives
In conclusion, FidelCrest is a well-established prop firm with various funding options and trading modes tailored to different risk appetites and trading styles. However, there are numerous FidelCrest alternatives that traders can consider based on their individual needs and preferences.
Some of the best alternatives to FidelCrest include Traders With Edge Turtle and Hare, which offer different account sizes, customization options, and profit-sharing models. These alternatives cater to various trading styles and strategies, allowing traders to choose the most suitable option based on their goals and risk tolerance.
When selecting a prop firm, traders should consider factors such as initial capital requirements, evaluation fees, funding opportunities, and trading platform features. By comparing these aspects across different firms, traders can make an informed decision and find the best alternative that aligns with their trading objectives and financial capabilities.
In summary, FidelCrest alternatives offer a diverse range of options for traders seeking to enhance their trading experience and achieve their financial goals. By exploring these alternatives and considering their unique features, traders can find the most suitable prop firm for their individual trading needs.
