About Fidelcrest
Who is Fidelcrest?
Fidelcrest is a proprietary trading firm registered in Saint Vincent and the Grenadines, with an official domain of fidelcrestmarkets.com. According to our records, the company was founded on August 24, 2021. The broker presents itself as a prop trading company that offers funding challenges to traders, allowing them to manage capital in exchange for a fee and a successful evaluation.
Regulation and Licensing
Fidelcrest operates without any known regulatory licenses from recognized financial authorities. As a prop trading firm registered in Saint Vincent and the Grenadines, it is not subject to the same oversight as traditional retail brokers. This lack of regulation is a significant factor for traders to consider, as it means there is no external protection or recourse in case of disputes.
Account Types
Fidelcrest offers two main account types: Pro Trader and Micro Trader. The Pro Trader account requires a minimum deposit ranging from $75,000 to $500,000, while the Micro Trader account requires a minimum deposit between $10,000 and $25,000. The maximum leverage is not disclosed. These accounts are designed for traders who want to participate in the firm's funding challenges.
Funding and Withdrawal
The broker states that traders need to pay a one-off fee to start the challenge. If they pass, they can manage up to $400,000 and keep up to 80% of the profits. Details on specific payment methods, withdrawal processes, and fees are not provided in our records.
Instruments and Platforms
The specific trading instruments and platforms offered by Fidelcrest are not detailed in our known facts. As a prop trading firm, it likely provides access to a range of markets such as forex, indices, commodities, and cryptocurrencies through a third-party platform, but this is not confirmed.
Target Audience
Fidelcrest targets traders who are confident in their skills and are willing to pay a fee to prove their profitability in exchange for access to larger capital. The firm appeals to individuals who may not have the capital to trade on their own and are looking for a performance-based funding model.
Independent Assessment
In FXCanary's assessment, the absence of regulation and the limited public information available about Fidelcrest are notable concerns. Traders should exercise caution and conduct thorough due diligence before committing funds. The firm's elevated scam risk score of 52/100 reflects these uncertainties.
Overview compiled by FXCanary from regulatory records and public data. full Fidelcrest review