Fidelcrest
Read plan by plan on 4 August, and the floor is the finding. The maximum loss is measured from a peak the account has already touched — "Maximum Loss is the difference between your highest recorded balance and your current equity" — and no page in eleven saved copies says where that measurement stops rising: "stops moving", "remains fixed", "freeze", "frozen" and "locked" occur zero times in any of them. The contract does not describe that mechanism at all. Its clause 6.2.3 defines the same limit on trades opened and closed as "in total the percentage of the initial capital", which is a fixed floor bought at the door — two documents, two rules, one account. And the phase where the firm first pays a commission is the phase where the room halves: "Maximum loss: 10% | 20%" in the Challenge and "Maximum loss: 5% | 10%" in the Verification. The funded stage has no published limits at all: clause 7 hands it to an unnamed third-party company, and the FAQ points its rules at a Professional Trader Agreement that appears on no page — "as long as you don't violate any limits or rules detailed in your Professional Trader Agreement". The list of news events that fail an account is kept inside the Trader Area, behind the login, after payment.
Two generations of the site are live on the same domain on the same day and they disagree about almost everything a buyer decides on: three phases against one, 1M of capital against 2M, ten minimum trading days against zero, a fee that is refunded and a fee that is not. The document that governs came into force in 2021 and reserves the right to move the goalposts — "The Provider reserves the right to unilaterally change the fees and parameters of the Services at any time" — and the rules that actually fail an account are not in it at all: "leverage", "weekend", "overnight", "stop loss", "hedg" and "drawdown" occur zero times in its 47 KB, and the mandatory stop, the ten-second minimum hold and the Friday close exist only as FAQ answers. Five pages sell "News event trading allowed"; the FAQ says "it is prohibited to open orders on any instrument 5 minutes before and after high impact news", and keeps the list of banned events inside the Trader Area, behind the login. The homepage says "Get your challenge fee refunded with your first payout." and the FAQ answers its own question with "No, the fee is not refundable". The headline 80–90% is a share of all profit in the payout table and a share of the excess in the FAQ: "40% commission of reached profit target + 80% of whatever trader makes on top of profit target". Who owes it is not named — clause 7 says a successful trader "may be offered a contract by a third-party company, in its sole discretion" and that Fidelcrest Ltd is "in no way involved with the Fidelcrest Trader Program agreement", and clause 1.4 says "you will not be paid any remuneration or profits based on the results of your simulated trading". Asked "IS YOUR BUSINESS REGULATED?", the FAQ answers that "Fidelcrest Kft is registered at 1077 Budapest", which is a company register and not a supervisor; no financial regulator is named on any of the eleven pages. Two further products, ProFx and MicroFx, are sold in that same FAQ and appear on no other page, with no price and no published loss limit.
Not enough published data to simulate this firm’s floor.
Crossed one of the seven hard bars. Open the row and it names which one, with the mechanism spelled out. This is not a low grade — no quantity of virtue elsewhere buys it off, which is why it carries no rank at all.
Disqualified for
The floor never stops rising
Not "it trails" — every futures firm trails. This is a floor with no stopping point, so a profitable week permanently raises the bar you must clear, and the account is eventually closed on a trade that ended in profit for the week. Firms whose floor locks at your starting balance are graded on the scorecard instead: once frozen, it chases nothing.
Rules appear after you pay
A rule you could not have read before buying is not a rule, it is a trapdoor.
What they published
“This rule can also be called “account stop-loss”. Maximum Loss is the difference between your highest recorded balance and your current equity.”We read this page in full. None of these appears anywhere in it:
“6.2.3. At no time during the Fidelcrest Trading Challenge did the Customer report a loss on any opened and closed demo transactions, which would exceed in total the percentage of the initial capital for the respective option as described below:”“No you can’t – it is prohibited to open orders on any instrument 5 minutes before and after high impact news. Economic events that cannot be traded can be found in Trader Area under menu link “Economic Calendar”.”“You can try to reach a profit target during the next trading period as long as you don’t violate any limits or rules detailed in your Professional Trader Agreement.”“Get Evaluated and Manage up to 2M in the Markets”Scorecard
3Trails your live equity and never stops
A named company, but no financial regulator anywhere — or a light-touch one only
A lifetime ceiling, or a rule that can block payment
The contradiction takes money you already earned
Under a year, or too few reviews to mean anything
Each axis is scored 0–5 against a published scale. The line under each bar is the rung this firm landed on — not our summary of it, the scale entry itself.
The score is published anyway, because it is the honest picture: a firm can be strong on four axes and still be disqualified on one mechanism. A disqualifier is not a low grade — it is a rule we will not trade under at any price.
Plan by plan
8 of this firm’s challenges were read plan by plan, with a citation behind every answer. See them side by side →
10% to make against 10% of room in the Challenge, then the same 10% target against 5% of room in the Verification — the phase the firm itself calls funded and pays a commission on. The floor follows the highest balance the account has recorded and is tested against equity, so an open position can end it before it closes, and nothing published says where the climb stops or what a payout does to that peak. €649 to €2,899 by size.
Every figure of the Normal plan doubled: 20% to make, 20% of room, 10% a day, and a split of 50% then 90%. The ratio is the same and the floor is the same trailing high-water mark with no published stop. Sold as Swing, and for two of its three phases nothing may be held over a weekend — "all positions will be closed for weekends (Friday 23:59, EE(S)T)" — nor even a pending order. €999 to €2,899 by size; there is no 1M Aggressive account.
The loosest ratio the firm sells and its cheapest product: 5% to make against 10% of room, on the same floor and the same halving in the Verification. €99 buys a 10K account against a promised $200 at the target, which is the whole of the argument on the payout page — "Fidelcrest is the Only Prop Firm in the industry that pays traders upon successful completion of the verification phase."
The fastest product and the one whose day count the contract does not grant. 15% to make against 20% of room, and "Min. trading days: 10 | 5 trading days" on the page against clause 6.2.1, which requires that "the Customer has opened at least one demotrade on at least ten different calendar days" from everybody in phase 1. The Fast Track bonus sold for this plan alone is headed No minimum trading days and then says "Start earning real money after a minimum of 2 trading days".
Trustpilot
What this firm published
Everything below is quoted from a page we opened, on the date shown. The quotes are in the firm’s own language, exactly as published — never edited, never shortened, never swapped for a translation. On the Spanish edition our own rendering appears underneath each one, unquoted and marked as ours: the quotation marks on this site mean the words are the firm’s, and nothing we wrote ever wears them. Where we have not read enough to put a number on an axis, we say so instead of guessing.
4/5
Can you even pass?
Almost nobody who pays for an evaluation ever reaches a funded account, so this is the part of the product most customers actually buy. Every firm advertises its profit target; none of them advertises that target next to how much you are allowed to lose while chasing it.
1/5
Can you keep the money?
The drawdown takes the account away; the payout rules take the money. Answered by whichever of the two we can measure and is worse — they are two ways of losing the same thing, so a good half cannot pay for a bad one.
1/5
Is anyone behind it?
A named company, a market, and rules you could read before paying. These three do not substitute for one another — a company you can sue does not stop existing because the account is a simulation — so this is the average of the ones we could measure, not the worst.
How hard the test is
Not the profit target on the sales page — that target measured against the room you are given to reach it.
How much you must win to survivefor every $1 you are allowed to lose, you must make $14.40/8
“Profit Target: 10% | 20%”A profit target only means something next to the room you are given to reach it. Ten per cent to make against ten to lose is a coin flip sold as an exam.
Days you have to finish30 days60 days30 days0/3
“The Fidelcrest Trading Challenge lasts for 30 calendar days from the date of its activation.”“The Verification lasts for 60 calendar days from the date of its activation.”“STEP 3: Funded Professional account – 30 calendar days”A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put in10 daysno changeno change1.60/2
“Min. trading days: 10 | 10 trading days”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
A second attempt costsa second attempt is free2/2
“Profit target must be reached in order to advance to the next step. However, you will get a second Challenge Account free of charge provided you haven’t violated any rules or other objectives.”A free second attempt turns one bad week into a delay instead of another invoice.
Profit target10%no changeThey state there is none.—
“Profit Target: 10% | 20%”“After you have completed the Verification period (Phase 2), minimum profit target will be removed.”Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit rises tick by tick, while you tradeno changeno change0.75/3
“This rule can also be called “account stop-loss”. Maximum Loss is the difference between your highest recorded balance and your current equity.”A limit that climbs takes back the cushion you already earned.
Where the limit stops risingThey do not say.0/3
we read the page that should answer this and it does not
The difference between a danger with an end date and one that never ends.
What the limit is measured againstlive equity, open trades includedno changeno change1/2
“Depending on your trading program, phase and chosen trading strategy the difference between highest recorded balance and subsequent lowest equity cannot reach below 5% – 20%.”Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitThey do not say.0/2
we read the page that should answer this and it does not
Taking your money out should not leave you closer to losing the account.
Daily limit5%, measured on live equity, open trades includedno changeno change1.20/2
“Max. daily loss: 5% | 10%”A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed10%5%10%0/1
“Maximum loss: 10% | 20%”“Maximum loss: 5% | 10%”How much room you have. Worth little, because almost every firm offers the same.
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesThey do not say.0/3
we read the page that should answer this and it does not
The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsThey do not say.no changeno change0/3
we read the page that should answer this and it does not
Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“If the Customer is successful in both the Challenge and Verification, the Customer may be offered a contract by a third-party company, in its sole discretion to participate in the Fidelcrest Trader Program.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for money15 days1.60/2
“Get paid in as little as 15 Trading Days or 11 Trading Days with the Fast Track Option”How long your money is theirs.
Most one withdrawal can pay youThey do not say.0/2
we read the page that should answer this and it does not
$2,000 is generous on a $25K account and a joke on a $200K one, so it is measured as a share and at the worst size sold.
Does that cap rise with the accountThey do not say.0/2
we read the page that should answer this and it does not
Profit required before the first request10%0.40/1
“Account Size & Type Fee Profit Target Payout 10k Normal €99 5% $200 10k Aggressive Swing €149 15% $750 25k Normal €249 5% $500 25k Aggressive Swing €349 15% $1,875 50k Normal €449 5% $1,000 50k Aggressive Swing €549 15% $3,750 150k Normal €649 10% $3,000 150k Aggressive Swing €999 20% $9,000 250k Normal €999 10% $5,000 250k Aggressive Swing €1,599 20% $15,000 500k Normal €1,799 10% $10,000 500k Aggressive Swing €2,899 20% $30,000 1M Normal €2,899 10% $20,000”How much you have to make before you can touch anything.
Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsyou may not open around a releaseno changeno change—
“No you can’t – it is prohibited to open orders on any instrument 5 minutes before and after high impact news. Economic events that cannot be traded can be found in Trader Area under menu link “Economic Calendar”.”Mandatory stop-lossrequired on every positionThey state there is none.no change—
“This is an extra cautionary measure and shows trader’s discipline with money management. SL orders are only required during step 1.”“Although we highly recommend using SL orders on all trades, it is not required during step 2 and step 3.”Minimum time a trade must be held10 secondsno changeno change—
“Yes, you are not allowed to manually close trades under 10 seconds. If it hits TP (take profit) or SL (stop loss) in less than 10 seconds it is not a violation.”Forced close before the weekendnothing may stay open over the weekendno changeThey state there is none.—
“No you don’t have to. In the challenge and Verification phases all positions will be closed for weekends (Friday 23:59, EE(S)T) and with a Funded Professional account all positions will be closed latest on the last day of the trading period.”Leverage1:100by instrument
no changeno change—
by instrument
“Maximum leverage with all accounts is 1:100.”Limit on position sizeThey state there is none.no changeno change—
“Your trading style is entirely up to you; we don’t set any limits on instruments or position size you trade.”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growThey do not say.—
we read the page that should answer this and it does not
How large it can get$1,000,000—
“6.6.3. Customer has not exceeded the maximum total amount of the capital allocation of USD 1,000,000 individually or in combination, per Customer or per each trading strategy, within the meaning of applicable Fidelcrest Trader Program agreement, if The Customer is already participating in the Fidelcrest Trader Program.”Where the path endsat a larger simulation—
“Financial market information is used in the simulated trading; however, you acknowledge that any trading that you perform through the Services is not real.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
How hard the test is
Not the profit target on the sales page — that target measured against the room you are given to reach it.
How much you must win to survivefor every $1 you are allowed to lose, you must make $14.40/8
“Profit Target: 10% | 20%”A profit target only means something next to the room you are given to reach it. Ten per cent to make against ten to lose is a coin flip sold as an exam.
Days you have to finish30 days60 days30 days0/3
“The Fidelcrest Trading Challenge lasts for 30 calendar days from the date of its activation.”“The Verification lasts for 60 calendar days from the date of its activation.”“STEP 3: Funded Professional account – 30 calendar days”A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put in10 daysno changeno change1.60/2
“Min. trading days: 10 | 10 trading days”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
A second attempt costsa second attempt is free2/2
“Profit target must be reached in order to advance to the next step. However, you will get a second Challenge Account free of charge provided you haven’t violated any rules or other objectives.”A free second attempt turns one bad week into a delay instead of another invoice.
Profit target20%no changeThey state there is none.—
“Profit Target: 10% | 20%”“After you have completed the Verification period (Phase 2), minimum profit target will be removed.”Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit rises tick by tick, while you tradeno changeno change0.75/3
“This rule can also be called “account stop-loss”. Maximum Loss is the difference between your highest recorded balance and your current equity.”A limit that climbs takes back the cushion you already earned.
Where the limit stops risingThey do not say.0/3
we read the page that should answer this and it does not
The difference between a danger with an end date and one that never ends.
What the limit is measured againstlive equity, open trades includedno changeno change1/2
“Depending on your trading program, phase and chosen trading strategy the difference between highest recorded balance and subsequent lowest equity cannot reach below 5% – 20%.”Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitThey do not say.0/2
we read the page that should answer this and it does not
Taking your money out should not leave you closer to losing the account.
Daily limit10%, measured on live equity, open trades includedno changeno change1.20/2
“Max. daily loss: 5% | 10%”A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed20%10%20%1/1
“Maximum loss: 10% | 20%”“Maximum loss: 5% | 10%”How much room you have. Worth little, because almost every firm offers the same.
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesThey do not say.0/3
we read the page that should answer this and it does not
The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsThey do not say.no changeno change0/3
we read the page that should answer this and it does not
Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“If the Customer is successful in both the Challenge and Verification, the Customer may be offered a contract by a third-party company, in its sole discretion to participate in the Fidelcrest Trader Program.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for money15 days1.60/2
“Get paid in as little as 15 Trading Days or 11 Trading Days with the Fast Track Option”How long your money is theirs.
Most one withdrawal can pay youThey do not say.0/2
we read the page that should answer this and it does not
$2,000 is generous on a $25K account and a joke on a $200K one, so it is measured as a share and at the worst size sold.
Does that cap rise with the accountThey do not say.0/2
we read the page that should answer this and it does not
Profit required before the first request20%0/1
“Account Size & Type Fee Profit Target Payout 10k Normal €99 5% $200 10k Aggressive Swing €149 15% $750 25k Normal €249 5% $500 25k Aggressive Swing €349 15% $1,875 50k Normal €449 5% $1,000 50k Aggressive Swing €549 15% $3,750 150k Normal €649 10% $3,000 150k Aggressive Swing €999 20% $9,000 250k Normal €999 10% $5,000 250k Aggressive Swing €1,599 20% $15,000 500k Normal €1,799 10% $10,000 500k Aggressive Swing €2,899 20% $30,000 1M Normal €2,899 10% $20,000”How much you have to make before you can touch anything.
Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsyou may not open around a releaseno changeno change—
“No you can’t – it is prohibited to open orders on any instrument 5 minutes before and after high impact news. Economic events that cannot be traded can be found in Trader Area under menu link “Economic Calendar”.”Mandatory stop-lossrequired on every positionThey state there is none.no change—
“This is an extra cautionary measure and shows trader’s discipline with money management. SL orders are only required during step 1.”