Introduction
In today’s blog post, we will compare two prominent trading firms, Fidelcrest Funded Trading Program and FTMO Prop Trading Firm. As traders who have experienced both programs, we at WhichFunded aim to provide an unbiased analysis of their key features, evaluation processes, payout systems, trading platforms, and additional benefits. Let’s dive into the details and discover the similarities and differences between these two firms.
| Prop Firm Details | FTMO | Fidelcrest |
| Year Founded | 2014 | 2018 |
| Maximum Balance | $2,000,000 | $2,000,000 |
| Tradeable Assets | Forex Indices Metals Commodities Stocks Crypto |
Forex Indices Metals Commodities Stocks Crypto |
| Challenge Type | Two Step Evaluation | Two Step Evaluation |
| Trading Platforms | MT4 MT5 cTrader |
MT4 |
| Trading Hours | Holding Overnight Holding Over Weekend |
Holding Overnight Holding Over Weekend |
| Copy Trading | ✅ | ✅ |
| News Trading | ✅ | ✅ |
| EAs | ✅ | ✅ |
| Trust Pilot Rating⭐ | 4.9 / 5.0 | 4.6 / 5.0 |
| Trust Pilot Reviews | 4,408 | 695 |
| Payment Types | Wire Transfer Skrill Crypto Credit Card Google Pay Nuvei Checkout.com Confirmo |
Paypal Neteller Skrill |
| Two Step Rules | FTMO | Fidelcrest |
| Profit Target Step 1 | 10% | 10% |
| Profit Target Step 2 | 5% | 10% |
| Max Daily Loss | 5% | 5% |
| Max Daily Drawdown | ❌ | ❌ |
| Max Loss | 10% | ❌ |
| Max Drawdown | ❌ | 10% |
| Min Trading Days Step 1 | 10 | ❌ |
| Min Trading Days Step 2 | 10 | ❌ |
| Max Trading Days Step 1 | 30 | 30 |
| Max Trading Days Step 2 | 60 | 60 |
| Profit Split | 80%, up to 90% | 80% |
Evaluation Process
Both Fidelcrest and FTMO have rigorous evaluation processes to identify skilled traders. Fidelcrest utilizes an evaluation phase where traders’ performance is assessed to determine their eligibility for the funded program. On the other hand, FTMO follows a two-step evaluation course consisting of the FTMO Challenge and Verification stages. Traders need to meet specific trading objectives to progress further.
Payout System
When it comes to the payout system, both firms offer competitive profit splits. Fidelcrest provides traders with an initial capital allocation and the opportunity to earn a share of the profits generated. FTMO, on the other hand, offers a payout ratio of 80:20 by default, which can increase to an impressive 90:10 through their Scaling Plan. Traders can request on-demand payouts and choose their preferred Profit Split Day in both programs.
Trading Platforms and Instruments
Fidelcrest and FTMO offer access to popular trading platforms such as MT4, MT5, and cTrader. Traders can diversify their portfolios with a wide range of instruments, including Forex, Indices, Crypto, and Commodities. Both firms aim to provide trading conditions that simulate real market scenarios, offering low commissions, super-raw spreads, and no markup fees.
Additional Benefits
Fidelcrest and FTMO offer additional benefits to enhance traders’ experiences. Fidelcrest provides ongoing mentorship and support from experienced traders, educational resources, and access to professional trading tools and platforms. FTMO, on the other hand, offers custom trading apps for discipline, journaling, and market analysis, as well as account analysis, unbiased feedback, and support from their customer support team. Both firms prioritize the growth and development of traders through educational resources, including tutorials, webinars, and collaborations with experienced traders and mentors.
Conclusion
In conclusion, both Fidelcrest Funded Trading Program and FTMO Prop Trading Firm offer aspiring traders valuable opportunities to pursue their trading careers. While Fidelcrest focuses on providing traders with a larger capital base and profit-sharing incentives, FTMO emphasizes a two-step evaluation process and the potential to manage substantial account balances. Traders should carefully consider their preferences, goals, and trading strategies when choosing between these firms. We recommend thoroughly understanding the rules, risk management guidelines, and profit-sharing arrangements of each program before making a decision.
At WhichFunded, we strive to provide comprehensive information to traders, enabling them to make informed choices about prop trading firms. Whether you choose Fidelcrest or FTMO, both firms offer unique features and benefits that can contribute to your trading success. Happy trading!
