Fidelcrest Challenge Review Is Challenge.fidelcrest.com Legit

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Fidelcrest Challenge Review: Is Challenge.fidelcrest.com Legit?

Challenge.fidelcrest.com Review: this is the name of a Forex brokerage that offers traders funded accounts. Is Fidelcrest Challenge a scam Forex broker?

Fidelcrest Challenge recruitment is said to be operated by Megarus Ltd. Oy. They claim that it is registered in Finland. They mention that they cover trading losses and give 70% of profits. This offer is tempting because traders get to not risk their own capital.

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It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

How Fidelcrest Challenge Works

With this broker, traders just need to prove they can trade by reaching the 10% profit target and staying within the rules of engagement. The challenge is said to take place for a period of within 10-30 days on a simulated trading account.

Requirements involve traders meeting money and risk management objectives. The style of trading is dependent on whatever the clients choose. Trading objectives are in place to verify that traders have a solid and consistent strategy. After the trading target is met, the client gets the funding allocated to the account type that they chose.

Once the trader gets the allocation, they get to keep 70% of the profits and are no longer required to meet the profit target or other trading objectives. Also, their trading challenge fee will be refunded.

Fidelcrest Challenge Trading Platform

We are not told what the trading platform for the simulated account of Fidelcrest Challenge is. It would be only encouraging it is a MetaTrader 4 or 5 platform. We are aware that the popularity of these platforms is because they allow the effective use of auto-trading Forex robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

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Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

No mention is also made of the trading assets available. We find this discouraging and the team running this company would do well to publish this.

Deposit and Withdrawal Methods On Fidelcrest Challenge

There is no mention of the means via which traders will be making deposits. What is more, we do not find withdrawal means stated on the website.

We find that e-wallets are available and this is encouraging because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

Minimum deposit required is placed at €250 which is not within the obtainable average of $100 – $250 among brokers. Other accounts require deposits of €350, €500 and €900. Each of these accounts have their various profit targets and the funds to be given them range from $2,500,000 to $20,000,000.

Is Fidelcrest Challenge Licensed?

We were unable to confirm the registration of Fidelcrest Challenge among the brokers registered by the Financial Supervisory Authority of Finland. Trading with a Forex broker that is unlicensed pose many dangers to traders’ funds. Misappropriated funds may not be recoverable by the government as well.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

To contact the broker or an agent of the customer support service, traders can use the following numbers: +1 2139 736 517 (Los Angeles), +44 2080 899 554 (London) or +372 5678 7390 (Tallinn). Emails can be sent to [email protected]

Conclusion

It is not encouraging that we cannot find any legit license for Fidelcrest Challenge and the pricing is quite higher than we are used to. The funding offered to clients are enticing but the requirements are high.

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Trading Programs

PROFX TRADER PROGRAM

Fidelcrest ProFx Trader program is available for all traders though we strongly recommend it of skilled traders only.

  • Account sizes ranging from $25,000 to $200,000
  • Prove you can trade. The Trading Challenge is 10 to 30-day simulated trading account with 2.5% – 10% profit target
  • After passing the Trading Challenge, you can start trading funded Professional Account and earning commissions.
  • Your Professional Account will be introduced for Fidelcrest Investors and will also become available for copy-trading after approved by our risk management team.
  • You can keep from 40% to 90% of profits depending on your chosen trading strategy and history every month you have reached chosen min. profit target (2.5% or 5% or 10%)
  • You can trade your funded account as long as you will make more than 0% per month and all trading objectives have been followed

Aggressive Strategy

Reach min. 10%/month

25,000 USD Initial Capital

  • Trading Period – 30 trading days
  • Minimum Trading Days – 10
  • Positive Days – 50%
  • Maximum Daily Loss – $1,250
  • Maximum Loss – $2,500
  • Profit Target – $2,500

50,000 USD Initial Capital

  • Trading Period – 30 trading days
  • Minimum Trading Days – 10
  • Positive Days – 50%
  • Maximum Daily Loss – $2,500
  • Maximum Loss – $5,000
  • Profit Target – $5,000

100,000 USD Initial Capital

  • Trading Period – 30 trading days
  • Minimum Trading Days – 10
  • Positive Days – 50%
  • Maximum Daily Loss – $5,000
  • Maximum Loss – $10,000
  • Profit Target – $10,000

200,000 USD Initial Capital

  • Trading Period – 30 trading days
  • Minimum Trading Days – 10
  • Positive Days – 50%
  • Maximum Daily Loss – $10,000
  • Maximum Loss – $20,000
  • Profit Target – $20,000

Medium Risk Strategy (NEW)

Reach min. 5%/month

25,000 USD Initial Capital

  • Trading Period – 30 trading days
  • Minimum Trading Days – 10
  • Positive Days – 50%
  • Maximum Daily Loss – $625
  • Maximum Loss – $1,250
  • Profit Target – $1,250

50,000 USD Initial Capital

  • Trading Period – 30 trading days
  • Minimum Trading Days – 10
  • Positive Days – 50%
  • Maximum Daily Loss – $1,250
  • Maximum Loss – $2,500
  • Profit Target – $2,500

100,000 USD Initial Capital

  • Trading Period – 30 trading days
  • Minimum Trading Days – 10
  • Positive Days – 50%
  • Maximum Daily Loss – $2,500
  • Maximum Loss – $5,000
  • Profit Target – $5,000

200,000 USD Initial Capital

  • Trading Period – 30 trading days
  • Minimum Trading Days – 10
  • Positive Days – 50%
  • Maximum Daily Loss – $5,000
  • Maximum Loss – $10,000
  • Profit Target – $10,500

Low Risk Strategy (NEW)

Reach min. 2.5%/month

25,000 USD Initial Capital

  • Trading Period – 30 trading days
  • Minimum Trading Days – 10
  • Positive Days – 50%
  • Maximum Daily Loss – $312.5
  • Maximum Loss – $625
  • Profit Target – $625

50,000 USD Initial Capital

  • Trading Period – 30 trading days
  • Minimum Trading Days – 10
  • Positive Days – 50%
  • Maximum Daily Loss – $625
  • Maximum Loss – $1,250
  • Profit Target – $1,250

100,000 USD Initial Capital

  • Trading Period – 30 trading days
  • Minimum Trading Days – 10
  • Positive Days – 50%
  • Maximum Daily Loss – $1,250
  • Maximum Loss – $2,500
  • Profit Target – $2,500

200,000 USD Initial Capital

  • Trading Period – 30 trading days
  • Minimum Trading Days – 10
  • Positive Days – 50%
  • Maximum Daily Loss – $2,500
  • Maximum Loss – $5,000
  • Profit Target – $5,000

MICRO TRADER PROGRAM

Fidelcrest Micro Trader program is a great way to learn all the skills and tricks about trading funded accounts with minimal risks for all the parties involved.

  • Account sizes ranging from $2,500 to $15,000
  • Prove you can trade. The Trading Challenge is 10 to 30-day simulated trading account with 2.5% – 10% profit target
  • After passing the Trading Challenge, you can start trading funded Professional Account and earning commissions.
  • Your Professional Account will be introduced for Fidelcrest Investors and will also become available for copy-trading after approved by our risk management team.
  • You can keep from 40% to 90% of profits depending on your chosen trading strategy and history every month you have reached chosen min. profit target (2.5% or 5% or 10%)
  • You can trade your funded account as long as you will make more than 0% per month and all trading objectives have been followed

Fidelcrest Challenge Review: Is Challenge.fidelcrest.com Legit?

Unverified temporary profile CLAIM Fidelcrest

average score from 8 sources

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About
No info provided

Website Description
Show us your trading skills and receive funding up to 200 000 Watch our 2 minute video that details the steps to funding. Prove you can trade by reaching our 10 profit target without breaking our rules of engagement.

Location
Helsinki, 00100, Frederikinkatu 61, FI,

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