Introduction:
Aspiring traders looking to kickstart their trading careers often seek funded trader programs that provide them with the opportunity to trade with a proprietary trading firm’s capital. Fidelcrest and OneUp Trader are two prominent names in the industry, offering funded trader programs with distinct features and benefits. In this blog post, we will compare Fidelcrest and OneUp Trader, highlighting their offerings, evaluation processes, profit splits, and more, to help you make an informed decision about which program aligns best with your trading goals.
Evaluation Process:
Fidelcrest:
Fidelcrest’s evaluation process consists of three phases. In the Trading Challenge phase, traders choose an account size and risk level to meet their profit targets. They trade all available instruments and aim to reach the profit target within a specified trading period. Upon successful completion, traders move on to the Verification phase to further demonstrate their trading skills. Finally, in the Fidelcrest Trader phase, traders can trade the firm’s capital without profit targets, as long as they stay within the maximum loss limits.
OneUp Trader:
OneUp Trader also employs a similar evaluation process. Traders need to pass a simple 1-Step Evaluation, showcasing their trading skills and meeting specific targets. Once successful, traders can trade with a funded trader account.
Profit Split:
Fidelcrest:
Upon completing the evaluation phases, traders who manage Fidelcrest Trader accounts receive a profit split ranging from 80% to 90% of the profits made after each trading period. The profit split is based on the trader’s performance and can be as high as 90%.
OneUp Trader:
OneUp Trader offers different account sizes with varying profit splits. Traders can choose from different funded account options, such as $25,000, $50,000, $100,000, $150,000, and $250,000. The profit split percentage ranges from 90% for the smaller accounts to 70% for the larger accounts.
Trading Capital:
Fidelcrest:
Fidelcrest allows traders to manage accounts with a balance of up to $2 million once they successfully complete the evaluation process. This provides traders with the opportunity to trade with a substantial amount of capital and potentially increase their profits.
OneUp Trader:
OneUp Trader offers funded accounts with predefined capital sizes, ranging from $25,000 to $250,000. Traders can select the account size that suits their trading style and objectives.
Additional Features:
Fidelcrest:
Fidelcrest emphasizes providing traders with a comprehensive trading platform, raw spreads starting from 0 pips, and a wide range of tradable instruments, including Forex, Indices, Metals, Commodities, Stocks, and more. They also offer leverage rates of up to 1:100 and provide account analytics and automated monitoring tools to track trading progress.
OneUp Trader:
OneUp Trader provides traders with a trading platform, market data, and customer support. They also offer free access to the NinjaTrader platform and provide 24/7 customer service via phone, live chat, and email.
Comparison Table:
| Features | Fidelcrest | OneUp Trader |
|---|---|---|
| Evaluation Process | Three-phase evaluation process | One-step evaluation process |
| Profit Split | 80% to 90% of profits made after each trading period | 70% to 90% profit split, depending on account size |
| Trading Capital | Up to $2 million in managed accounts | Predefined account sizes from $25,000 to $250,000 |
| Additional Features | Comprehensive trading platform Raw spreads starting from 0 pips Wide range of tradable instruments Leverage rates up to 1:100 Account analytics and automated monitoring |
Free access to NinjaTrader platform Market data and customer support 24/7 customer service |
Conclusion:
Both Fidelcrest and OneUp Trader offer attractive funded trader programs, providing aspiring traders with the opportunity to trade with a proprietary trading firm’s capital. Fidelcrest’s multi-phase evaluation process allows traders to gradually prove their skills and potentially manage substantial trading capital. On the other hand, OneUp Trader offers predefined account sizes with varying profit splits, making it suitable for traders who prefer simplicity and flexibility.
Ultimately, the choice between Fidelcrest and OneUp Trader depends on your trading goals, preferences, and the specific features that resonate with you. It is advisable to carefully evaluate the terms, conditions, and evaluation processes of each program before making a decision. Remember, success in these funded trader programs ultimately depends on your trading skills, discipline, and ability to consistently generate profits.
