Introduction:
In the world of trading, aspiring traders often face the challenge of limited capital and the need to prove their skills to gain access to larger trading accounts. Two popular options that offer opportunities for traders to showcase their abilities and potentially manage substantial capital are Fidelcrest and The Funded Trader. In this article, we will compare and contrast these two proprietary trading programs, examining their trading challenges, evaluation processes, profit splits, scaling opportunities, trading instruments, risk management, professional support, membership fees, and trading flexibility. By delving into these key features, we aim to provide a comprehensive overview for traders considering these programs.
Fidelcrest:
Fidelcrest is a proprietary trading program that provides traders with an opportunity to prove their trading skills and access substantial trading capital. Let’s delve into the key features of Fidelcrest:
Trading Challenges:
Fidelcrest offers a multi-phase program that allows traders to prove their skills and progress towards managing larger trading accounts. The program starts with the Trading Challenge phase, where traders can choose their account size, risk level, and profit targets. Traders have the flexibility to select from various instruments, including Forex, CFDs, indices, metals, commodities, and stocks. They can utilize their preferred trading strategies and techniques to reach their profit goals within a specified trading period.
During the Trading Challenge phase, traders are evaluated based on their performance and ability to achieve their profit targets while managing risk effectively. This phase allows traders to showcase their trading skills and demonstrate their ability to generate consistent profits.
Evaluation Process:
Upon successfully completing the Trading Challenge phase, traders proceed to the Verification phase. During this phase, traders continue trading with a verification account to demonstrate consistency and skill beyond the initial challenge. The Verification phase is designed to assess a trader’s ability to maintain profitable trading performance over an extended period. Traders need to meet specific criteria, such as profit targets and risk management guidelines, to progress further in the program.
The evaluation process in Fidelcrest is rigorous and comprehensive, ensuring that only skilled and consistent traders advance to the next stages of the program. Traders are assessed on various parameters, including their trading performance, risk management, discipline, and adherence to the trading rules set by Fidelcrest.
Profit Split and Scaling:
Fidelcrest offers an attractive profit split for traders who successfully manage the Fidelcrest Trader account. The profit split percentage ranges from 80% to 90%, depending on a trader’s performance. Traders have the opportunity to earn a higher profit split percentage by demonstrating exceptional trading skills and consistency. Additionally, Fidelcrest provides scaling opportunities, allowing traders to manage larger trading accounts with a balance of up to 2 million USD.
The profit split offered by Fidelcrest is competitive and provides traders with a significant share of the profits they generate. This motivates traders to perform well and strive for consistent profitability.
Risk Management:
Fidelcrest places a strong emphasis on risk management. Traders are required to adhere to maximum loss limits and maximum daily loss percentages to mitigate risks while trading. This risk management framework ensures that traders maintain a disciplined approach and protect their trading capital.
Furthermore, Fidelcrest provides risk management guidelines and resources to help traders understand and implement effective risk management strategies. Traders are encouraged to develop a robust risk management plan that aligns with their trading style and objectives.
Professional Support:
Fidelcrest boasts a worldwide support team that assists traders throughout their journey in the program. Traders can benefit from professional guidance, mentorship, and technical support to enhance their trading skills and navigate any challenges they may encounter.
The professional support team at Fidelcrest comprises experienced traders and industry experts who are well-equipped to provide valuable insights and assistance to traders. They offer personalized feedback, performance analysis, and guidance on improving trading strategies. Traders can also access educational resources, webinars, and workshops conducted by industry professionals.
Membership Fees:
Fidelcrest follows a one-time fee structure, allowing traders to join the program by paying a single membership fee. This fee covers the entirety of the program, including the Trading Challenge, Verification, and Scaling phases. The membership fee varies based on the selected account size and starts at a reasonable amount, making it accessible to a wide range of traders.
Trading Flexibility:
Fidelcrest offers traders a high degree of flexibility in terms of trading instruments and strategies. Traders can choose from a diverse range of instruments, including Forex, CFDs, indices, metals, commodities, and stocks. This variety enables traders to capitalize on different market opportunities and diversify their trading portfolios.
Furthermore, Fidelcrest allows traders to utilize their preferred trading strategies and techniques. Whether a trader is a scalper, day trader, or swing trader, they can implement their strategies within the program’s guidelines. This flexibility empowers traders to trade according to their strengths and preferences.
The Funded Trader:
The Funded Trader is another renowned proprietary trading program that offers opportunities for traders to showcase their skills and access substantial capital. Let’s explore the key features of The Funded Trader:
Trading Challenges:
The Funded Trader program follows a similar structure to Fidelcrest, with a focus on trading challenges. Traders can select the account size, risk level, and profit targets that align with their trading goals. They can choose from a wide range of trading instruments, including Forex, commodities, indices, and cryptocurrencies, and trade using their preferred strategies and techniques.
The Funded Trader program challenges traders to achieve consistent profitability while managing risk effectively. Traders need to meet the profit targets and adhere to the risk parameters set by The Funded Trader to progress in the program.
Evaluation Process:
Upon successfully completing the initial trading challenge, traders move on to the evaluation phase. During this phase, traders continue to trade with a funded account and are evaluated based on their trading performance. The evaluation process assesses traders’ ability to generate consistent profits, manage risks, and adhere to the program’s trading rules and guidelines.
The evaluation process in The Funded Trader program is designed to identify traders with the potential to manage larger trading accounts. Traders who demonstrate the required skills and consistency can progress to higher funding levels and enjoy additional benefits.
Profit Split and Scaling:
The Funded Trader program offers traders a profit split ranging from 50% to 80%, depending on their performance and the selected account size. Traders have the opportunity to increase their profit split percentage by achieving higher profit targets and demonstrating exceptional trading skills.
Scaling opportunities are also available in The Funded Trader program, allowing traders to manage larger accounts as they progress. Traders who meet the scaling criteria can access higher funding levels, enabling them to trade with greater capital and potentially generate higher profits.
Risk Management:
Risk management is a crucial aspect of The Funded Trader program. Traders are required to adhere to predefined risk parameters, including maximum loss limits and drawdown restrictions. These risk management guidelines are in place to protect both the traders and the program’s capital.
Traders are encouraged to develop and implement effective risk management strategies to preserve their trading capital and manage potential risks. The Funded Trader program emphasizes the importance of disciplined and responsible trading practices.
Professional Support:
The Funded Trader program provides traders with professional support and guidance throughout their journey. Traders can access mentoring and coaching services to enhance their trading skills, receive personalized feedback on their performance, and gain insights from experienced traders.
The professional support team at The Funded Trader comprises industry experts who are dedicated to helping traders succeed. They offer educational resources, trading webinars, and one-on-one coaching sessions to assist traders in their development.
Membership Fees:
The Funded Trader program follows a subscription-based model where traders pay a monthly or quarterly fee to access the program’s benefits. The membership fee varies depending on the selected funding level and the duration of the subscription. Traders can choose the membership plan that best suits their trading needs and budget.
Trading Flexibility:
The Funded Trader program offers traders flexibility in terms of trading instruments and strategies. Traders can choose from a wide range of instruments, including Forex, commodities, indices, and cryptocurrencies, allowing them to capitalize on various market opportunities.
Traders are also free to utilize their preferred trading strategies and techniques within the program’s guidelines. Whether a trader is a technical analyst, fundamental analyst, or uses a combination of approaches, they can implement their strategies to achieve trading success.
Conclusion:
Both Fidelcrest and The Funded Trader offer aspiring traders opportunities to prove their skills and access substantial trading capital. While there are similarities in their program structures,
