If you're an aspiring trader, you may have come across Fidelcrest and FTMO. These two proprietary trading firms offer traders the opportunity to trade with a funded account after passing a trading challenge.
But which one is better for you?
In this article, I will compare Fidelcrest vs FTMO and help you make an informed decision.
Fidelcrest and FTMO have their similarities and differences. Both firms offer one-step and two-step evaluation programs, but FTMO's evaluation process is more stringent than Fidelcrest's.
FTMO requires traders to display excellent trading skills and discipline to pass the challenge and receive a funded account. On the other hand, Fidelcrest's evaluation process is more flexible, making it easier for traders to receive funding.
However, Fidelcrest's funding model is progressive, which means traders need to pass several challenges to receive the maximum funding.
Fidelcrest Vs Ftmo: An Overview
Are you looking for a funded trading program to kickstart your trading career? Fidelcrest and FTMO are two popular proprietary trading firms that offer funded trading accounts to aspiring traders.
They both have their unique features and benefits. In this section,I will provide you with an overview of Fidelcrest vs FTMO to help you make an informed decision.
Fidelcrest
Fidelcrest is a proprietary trading firm that offers a comprehensive trading evaluation program to traders. The firm has a three-phase evaluation process that is designed to test your trading skills and risk management abilities.
The evaluation process includes a demo account evaluation, a live account evaluation, and a verification account evaluation.
Fidelcrest offers different challenge levels that cater to traders with varying levels of experience. The firm provides funding up to $400,000 to successful traders, and traders can keep up to 80% of their profits.
Fidelcrest also offers a supportive community of traders and mentors, which can help you improve your trading skills.
FTMO
FTMO is another popular proprietary trading firm that offers funded trading accounts to traders. The firm has a two-stage challenge that is designed to evaluate your trading skills and risk management abilities.
The challenge includes a demo account evaluation and a live account evaluation.
FTMO has fixed challenge parameters that are the same for all traders. The firm provides funding up to $300,000 to successful traders, and traders can keep up to 70% of their profits.
FTMO also offers a supportive community of traders and mentors, and traders can access their funded account immediately after passing the evaluation.
Fidelcrest and FTMO are two great options for traders looking for a funded trading program. Fidelcrest offers a more flexible evaluation process and different challenge levels, while FTMO offers a faster evaluation process and fixed challenge parameters.
Both firms provide funding and a supportive community of traders and mentors.
Key Features of Fidelcrest
Are you looking for a funded trading account with a reliable prop firm?
Fidelcrest could be the right choice for you.
Here are some of the key features that make Fidelcrest stand out from the competition:
Evaluation Process
Fidelcrest's evaluation process consists of three phases: the Challenge, the Verification, and the Funded Account. In the Challenge phase, you will trade a demo account and try to reach a profit target with a maximum drawdown limit.
If you pass the Challenge, you will move on to the Verification phase, where you will repeat the same process with a higher profit target and a higher maximum drawdown limit.
If you pass the Verification, you will receive a funded account with Fidelcrest.
Funding Programs
Fidelcrest offers four different funding programs: Basic, Advanced, Pro, and Elite. Each program has different profit targets, drawdown limits, and subscription fees. You can choose the program that suits your trading style and risk tolerance.
Moreover, Fidelcrest allows you to switch between programs at any time without losing your progress.
Trading Instruments
Fidelcrest supports a wide range of trading instruments, including Forex, CFDs, Futures, and Stocks. You can trade more than 80 currency pairs, 10 indices, 7 commodities, and 4000 stocks from 20 global exchanges.
Fidelcrest also offers a free VPS service to ensure low latency and fast execution.
Trader Dashboard
Fidelcrest provides a user-friendly and intuitive trader dashboard that allows you to monitor your trading progress, manage your account settings, and access educational resources.
You can track your trading statistics, review your trading journal, and analyze your trading performance. You can also communicate with your mentor and fellow traders through the dashboard.
Risk Management
Fidelcrest emphasizes risk management and encourages traders to follow strict risk control rules. You can set your own stop-loss and take-profit levels, and Fidelcrest will monitor your trades in real-time to prevent excessive losses.
Fidelcrest also provides a comprehensive risk management guide and a series of risk management webinars to help you improve your risk management skills.
Fidelcrest offers a comprehensive and flexible funding program with a wide range of trading instruments and a user-friendly trader dashboard.
Fidelcrest's evaluation process emphasizes risk management and allows you to switch between programs without losing your progress.
Key Features of FTMO
Here are some key features of FTMO that you should know:
Trading Challenges
FTMO offers a unique trading challenge that allows traders to showcase their skills and prove their profitability. The challenge consists of two stages: the evaluation stage and the verification stage.
During the evaluation stage, you'll be given a demo account with a $100,000 balance. You'll have 30 days to show that you can trade profitably and meet the required profit target.
If you pass the evaluation stage, you'll move on to the verification stage, where you'll be given a live account with real money. You'll have 60 days to meet the profit target and prove that you're a profitable trader.
Funding Programs
FTMO offers a variety of funding programs to suit different trading styles and risk preferences. The programs range from $10,000 to $300,000 in initial funding, and you can choose a program that suits your trading style and risk tolerance.
The funding programs come with a profit split, which means that you'll share a percentage of your profits with FTMO. The profit split ranges from 70/30 to 80/20, depending on the program you choose.
Risk Management
FTMO places a strong emphasis on risk management and encourages traders to adopt a disciplined and conservative approach to trading. The firm provides a range of risk management tools and resources, including daily loss limits, maximum drawdown limits, and risk management guidelines.
These tools are designed to help traders manage their risk and avoid large losses.
Support and Education
FTMO provides extensive support and education to help traders succeed. The firm offers a range of educational resources, including trading courses, webinars, and coaching sessions.
The support team is available 24/7 to answer any questions or concerns you may have. FTMO also has a vibrant community of traders who share their experiences and insights, providing a valuable source of support and inspiration.
Comparison of Trading Conditions
Here's a breakdown of the key differences between the two:
Trading Capital
Fidelcrest offers up to $2,000,000 in trading capital, while FTMO offers up to $800,000. This means that Fidelcrest traders have access to more capital to trade with, which can be an advantage for those looking to take on larger positions.
Risk Management
Both firms have strict risk management policies in place to protect traders from excessive losses. However, FTMO's policy is more stringent, as traders are required to adhere to a maximum daily loss limit.
Fidelcrest, on the other hand, has a more flexible approach that allows traders to recover from losses over time.
Profit Split
FTMO and Fidelcrest both operate on a profit split model, which means that traders receive a percentage of the profits they generate. However, the split varies between the two firms.
FTMO offers a 70/30 split, while Fidelcrest offers a 50/50 split. This means that Fidelcrest traders get to keep a larger portion of their profits.
Recommended by LinkedIn
Trading Restrictions
Fidelcrest and FTMO both have restrictions on the types of trades that can be made. For example, Fidelcrest prohibits traders from using hedging strategies, while FTMO does not allow traders to hold positions overnight.
It's important to review these restrictions carefully before choosing a firm to trade with.
Trading Instruments
Both firms offer a wide range of trading instruments, including forex, stocks, and commodities.
However, Fidelcrest also offers traders the ability to trade cryptocurrencies, which is not currently available at FTMO.
Fidelcrest and FTMO offer favorable trading conditions for traders. The key differences between the two are in the amount of trading capital available, risk management policies, profit split, trading restrictions, and trading instruments.
It's important to carefully review these factors before choosing a firm to trade with.
Comparison of Prop Trading Opportunities
Below is a comparison of the programs offered by both prop trading firms.
Fidelcrest
Fidelcrest offers several programs, including the Micro Trader Program, which is designed for traders looking to start with smaller account sizes but with the potential for growth through consistent performance.
The program offers a maximum leverage of 1:400 and a profit split of up to 80%.
Their other programs include the Advanced Trader Program, which is designed for experienced traders and offers a maximum leverage of 1:200 and a profit split of up to 85%.
The Professional Trader Program is designed for professional traders and offers a maximum leverage of 1:100 and a profit split of up to 90%.
FTMO
FTMO offers two main programs, the 100k Challenge and the Verification Program. The 100k Challenge is designed for traders looking to trade with a larger account size and offers a maximum leverage of 1:100 and a profit split of up to 70%.
The Verification Program, on the other hand, is designed for traders who want to prove their skills and qualify for the 100k Challenge. It offers a maximum leverage of 1:100 and a profit split of up to 70%.
Comparison
When comparing the programs offered by both prop trading firms, it's clear that Fidelcrest offers more diverse programs that cater to traders of different experience levels.
However, FTMO's programs are more straightforward and offer a fixed profit split of up to 70%.
If you're an experienced trader looking for higher profit splits, Fidelcrest's Advanced and Professional Trader Programs might be a better fit for you.
However, if you're a beginner trader looking for a straightforward program with a fixed profit split, FTMO's 100k Challenge and Verification Program might be a better option.
Success Stories from Fidelcrest
Are you curious about the success stories of traders who have joined Fidelcrest? Here are a few examples of traders who have made it big with Fidelcrest.
Trader A
Trader A joined Fidelcrest with a small account and started trading with a conservative approach. They were able to pass the challenge with ease and received a funded account.
With the funded account, they were able to take bigger risks and made a profit of over $50,000 in just a few months.
Trader B
Trader B had been trading for a few years but had never been able to make consistent profits. They decided to join Fidelcrest and took the challenge.
After passing the challenge, they received a funded account and were able to trade with more confidence. Within a year, they were able to make a profit of over $100,000.
Trader C
Trader C had been trading for a while but had never been able to make any significant profits. They joined Fidelcrest and took the challenge. After passing the challenge, they received a funded account and started trading with more discipline.
They were able to make a profit of over $20,000 in just a few months.
These are just a few examples of traders who have been successful with Fidelcrest. If you are looking for a prop firm that can help you achieve your trading goals, Fidelcrest might be the perfect fit for you.
Success Stories from FTMO
If you are considering FTMO as your proprietary trading firm, you may be interested to know about some of their success stories. FTMO has a number of traders who have successfully passed their evaluation and made significant profits.
One such trader is Maximilian Welsch, who turned his initial $10,000 account into over $100,000 in just 4 months. Another trader, Pavel, was able to achieve a 10% profit in just one week, while trading with a $100,000 account.
FTMO provides a platform for traders to showcase their skills and earn substantial profits. They have a number of success stories from traders who have passed their evaluation and received funding.
These traders come from different backgrounds and have different trading strategies, but they have all been able to succeed with FTMO.
One of the reasons for FTMO's success is their evaluation process, which is designed to identify traders with the potential to be profitable. Traders must pass a two-step evaluation process, which includes a verification and a practical evaluation.
If a trader is successful, they are funded with a real account and can keep 70% of the profits they make.
FTMO has a number of success stories from traders who have been able to achieve significant profits. If you are interested in becoming a successful trader, FTMO may be the right choice for you.
Pros and Cons of Fidelcrest
Here are some pros and cons to help you make an informed decision.
Pros
This can provide you with more capital to trade with and potentially earn higher profits.
Cons
This can limit your trading opportunities and potentially affect your profits.
Fidelcrest can be a good option for traders who are looking for higher funding levels and access to a supportive community. However, the higher challenge fees and stringent rules and restrictions may not be suitable for all traders.
Pros and Cons of FTMO
Here are some of the pros and cons of trading with FTMO:
Pros
Cons
Final Verdict
After comparing Fidelcrest and FTMO, it is clear that both platforms offer unique features and benefits. However, which one is better for you depends on your personal trading needs and preferences.
If you are looking for a platform that offers a comprehensive trading challenge and funding program, Fidelcrest may be the better choice for you. With its three-phase evaluation process and funding up to $400,000,
Fidelcrest provides traders with a structured and supportive environment to grow their trading skills.
On the other hand, if you are looking for a platform that offers faster withdrawals and a more active community, FTMO may be the better choice for you.
With its funding up to $300,000 and a supportive community of traders and mentors, FTMO provides traders with the flexibility and resources to succeed in the forex market.
Overall, both Fidelcrest and FTMO are reputable and reliable forex proprietary trading firms that offer excellent opportunities for traders. It is up to you to decide which platform best suits your needs and goals.
I hope that this comparison will help you make an informed decision.
