Fidelcrest, a proprietary trading business based in Nicosia, Cyprus, was established in 2018 by a group of traders and Forex specialists who wanted to address a critical barrier to entry for aspiring professional traders: the lack of a sizable trading capital base.
The company’s business model is based on recruiting, training, and evaluating traders in various markets like Forex and Contracts for Difference (CFDs; Stocks, Indices, Metals, and Cryptocurrencies), and then offering the successful traders the opportunity to manage a large capital pool belonging to Fidelcrest in exchange for a share of the profits they can generate.
Choices for Withdrawal and Related Charges
- Automatic profit distributions are delivered in the same currency the trader used to pay the membership fee.
- You may get your money out by sending a bank transfer, using PayPal, Skrill, Neteller, or buying Bitcoin. Debit and credit cards can only be used to make deposits.
- There is no withdrawal minimum; however, a charge of 50 euros will be deducted from any withdrawals made to a bank account outside the Single Euro Payments Area (SEPA). Electronic payment processing fees are another possibility. No matter what withdrawal method you use, you won’t be charged a fee by the firm.
Assistance to Clients
Fidelcrest has many communication channels, including email ([email protected]), a live chat feature, and a Facebook messenger service. Their live chat is available around the clock during the week, and they have a 95% customer satisfaction rate with a response time of 1 minute. You may also engage in conversation with other users of Fidelcrest to pick some tips on improving your trading.
Rewards
If you don’t make a profit on your first effort at the MicroFX trading challenge, you may earn a second chance for free by entering the promo code “2NDFREE” when you make your purchase. In addition, your Evaluation cost will be reimbursed to your bonus wallet once you have finished the MicroFX Challenge. Although you won’t be able to cash it out, it may be used to fund other challenges. Don’t hesitate to contact customer care for information about current promotions and discount codes for Fidelcrest.
What exactly is Topstep
Below is a short top step review, including its benefits and drawbacks.
Topstep is a multinational firm with headquarters in the United States. Since 2012, the firm has been serving the financial sector, providing services to customers worldwide with special trading terms. If a client demonstrates the ability to conduct trades and manage risks on a demo account, Topstep will fund their real trading account. Those interested in trading futures or currency pairings can do so through the CME Group. Equity Capital, an electronic communication network broker, handles trading for live accounts.
Advantages:
- Competitive rewards of up to 80% with minimal fees; • Feature-rich, straightforward, and user-friendly interface.
- To utilize the service, you need a strong will and the desire to succeed in a deal.
- One of the main selling points is that it’s free to sign up.
- Traders may earn additional cash by introducing their friends to the site, and the platform has an instrumental blog for enhancing trading tactics.
- Has an enthusiastic fan base and helpful staff.
- Developed by someone with experience trading, they get some of the challenges that traders face.
- A variety of free training resources, including free group coaching, are made available by the firm.
Disadvantages:
- There are no bonuses, automatic trading, or other passive income opportunities, and the customer care team is only available during business hours on weekdays.
- The site does not include monthly costs for things like performance coaching.
- If you’re new to trading, you may need time to complete the two-stage assessment process.
Who Would Benefit Most from Using TopstepTrader?
TopstepTrader is ideal for those with little funds which are nonetheless interested in trading on margin for a cut of the earnings. There is no denying the fact that this is a once-in-a-lifetime chance to become a fully financed trader. Using Topstep Trader’s capital to engage in risk-free trading while retaining 100% of profits up to $5,000 and 90% after that is an intriguing proposition.
Remember: it’s not easy to get your trading funded. How long it will take to meet all the criteria, or even if you will succeed, is something no one can predict in advance. Only 15 days were required of the fastest trader to earn a profit. This is a significant improvement above the norm and the best possible solution.
