Fidelcrest Review: Scam Fund-a-Trader Program?

Fidelcrest Review: Scam Fund-a-Trader Program?

Fidelcrest group is a company that offers a unique solution to traders in the Forex markets. The company offers to cover traders’ losses while providing a 90% profit share. The company’s goal is to look for skilled traders and then introduce them to private and institutional investors.

Fidelcrest was founded on 15th January 2019. Therefore, it has not been in space long enough to make a name for itself. Further, the company is owned and run by Megarus Ltd. Megarus Ltd operates from Helsinki, Finland.

The company claims that traders no longer have to risk their capital. Prospective traders have to meet several requirements and pass the company’s trade challenge. Once you pass, you gain access to a range of trading program options. You can choose from 24 different account types and trading strategies.

We appreciate the transparency of the company for telling us where they operate form. Additionally, they have done an excellent job of describing what services they offer. However, the question now is, are they worth investing in?

Many companies will promise a risk-free trading process. However, most of them do not deliver what they promise. You need to assess a company properly before you invest your money. Make sure there are no loopholes in the company.

There are many ways you can lose your money in the Forex market place. Fortunately, there are legitimate Forex trading solutions that help traders safeguard their accounts. Invest only in such companies to ensure you don’t lose your money.

Fidelcrest Group Review

Fidelcrest Group claims they have adopted capital raising models that European consumer markets use in financial markets. They claim that these models are the perfect solutions to minimize risks in trading and market volatility. They vow that traders do not have to risk their capital in the markets. Additionally, they say their goal is to find the most skilled traders and partner them with investors.

Fidelcrest Group Review, Platform

However, traders have to meet a few requirements before the company accepts them on their team. Additionally, they have to pass a 10 to 30 days challenge on a simulated trading account.

This is an interesting approach to solve a problem in the Forex markets. We would love to see the results of this program, and also to hear from the people who met the requirements and passed the challenge. We would love to listen to what they thought of the program.

The company also offers customers an opportunity to make extra money through their affiliate program. Clients earn up to 20% in commissions forever person they successfully invite to the platform. Clients receive payouts in their trading accounts every month.

Further, the company claims to be ideal because they support several brokers in the market. Therefore, you do not have to sign up with a new broker to enjoy the services.

How Fidelcrest Challenge Works

The Fidelcrest challenge is a program that runs for 10 to 30 days. Prospective traders manage a simulated trading account to demonstrate their skills. All they have to do is meet the profit target and stay within the rules the company sets.

The company allows traders to choose their trading strategies. The only thing you have to do is meet money and risk management objectives. These objectives are set to ensure traders stay consistent with their trading strategy.

However, it is essential to note that this challenge is not free. Participants have to pay anywhere from $149 to $1,799. Once you successfully finish the challenge, you get funding allocated to an account.

There are many account sizes traders can choose. The accounts differ in the initial capital of the account. They start from $10,000 all the way up to $400,000. The trading account size allocated to you depends on the fee that you pay for the program.

Additionally, different profit targets are depending on the strategy a client applies. Low-risk strategies require a 2.5% profit, medium-risk strategy, a 5% profit, and high-risk strategy a 10% profit.

The challenge is completed on the MT4, MT5, and cTrader trading platforms, and this is a good thing because these are the most popular trading platforms in the market.

Deposit and Withdrawal Methods

The company claims they are continually working on adding more payment methods to the platform. In the meantime, the company only supports payments through Credit Card, Bank Wire transfers, and Bitcoin deposits.

There is one issue we have with Bitcoin deposits. Bitcoin deposits do not allow you to trace or recover your funds in case of a problem. If you can, use the other payment methods the platform supports. However, remember that no bank will bail you out of a reckless purchase. Therefore, be extra cautious before you invest your money on the Internet.

Micro Accounts

Fidelcrest believes they are the best trader funding program in the market, and this is because most that exist require a hefty amount of money to start. Fidelcrest solves this by offering clients the chance to invest anything from $25.

However, the low the investment made, the smaller the trading account. Moreover, a small amount does not make a huge difference in your trading account. You have to remember your initial investment is refunded to your account once you pass the challenge.

Customer Support

Luckily, the company provides several channels to contact them. To get in touch with them, you can email [email protected]. Additionally, you can find the company via the various phone numbers they provide. These numbers include (+1) 2139 736 517, Los Angeles, (+44) 2080 899 554, London, and (+372) 5678 7390, Tallinn. Further, the company has a live chat option on the website.

At the very least, every company should provide customer support. Fast and reliable customer support is necessary for companies that offer financial services.

Customer Feedback

There are several customer comments featured on the website. As expected, most of them are positive, and the clients seem to enjoy the services. However, we cannot fully trust customer reviews on a company’s website. Most of them are cherry-picked to fit the image of the company.

Luckily, there is a handful of reviews on external forums. However, they are not that pleasing. Some of the clients are complaining to have lost money for the company. They are saying they met all the requirements, but they were still not offered an account. Further, they claim that the margin ratio does not allow you to make much money from the profits.

These are definitely worrying statements.  If they are true, it means the company does not make much money for its traders.

Final Verdict

Overall, this company seems legit. Their approach to trading is very interesting and unique. However, at this moment, we cannot recommend this company to you. There are a few worrying details that we cannot ignore. Many traders say they were not accepted into the program even after meeting the requirements.

Moreover, the challenge is not easy. It requires a unique set of skills and perfect execution. Only professional traders can manage to meet such requirements. Therefore, the company might just be looking to make a few funds from eager investors looking to trade risk-free.

There are better companies that will offer you better services at lower prices. To save yourself some trouble, invest only in the best Forex trading solutions in the market.

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