Reviewed by PropFirm201 Research Team·At a Glance
Pricing & Challenge Types
Micro Trader Normal
2 phases · 80% profit split · Scaling available
| Account Size | Price | Target P1 | Target P2 | Daily Loss | Max DD |
|---|---|---|---|---|---|
| $10,000 | $99 | 10% | 5% | 5% | 10% |
| $25,000 | $249 | 10% | 5% | 5% | 10% |
| $50,000 | $449 | 10% | 5% | 5% | 10% |
Micro Trader Aggressive
2 phases · 90% profit split · Scaling available
| Account Size | Price | Target P1 | Target P2 | Daily Loss | Max DD |
|---|---|---|---|---|---|
| $10,000 | $139 | 20% | 10% | 10% | 20% |
| $25,000 | $349 | 20% | 10% | 10% | 20% |
| $50,000 | $629 | 20% | 10% | 10% | 20% |
Pro Trader Normal
2 phases · 80% profit split · Scaling available
| Account Size | Price | Target P1 | Target P2 | Daily Loss | Max DD |
|---|---|---|---|---|---|
| $150,000 | $649 | 10% | 5% | 5% | 10% |
| $250,000 | $999 | 10% | 5% | 5% | 10% |
| $500,000 | $1899 | 10% | 5% | 5% | 10% |
| $1,000,000 | $2999 | 10% | 5% | 5% | 10% |
Pro Trader Aggressive
2 phases · 90% profit split · Scaling available
| Account Size | Price | Target P1 | Target P2 | Daily Loss | Max DD |
|---|---|---|---|---|---|
| $150,000 | $909 | 20% | 10% | 10% | 20% |
| $250,000 | $1999 | 20% | 10% | 10% | 20% |
| $500,000 | $3499 | 20% | 10% | 10% | 20% |
Pros & Cons
Pros
- Pioneered the Aggressive account option with 90% profit split
- Offered accounts up to $1,000,000 (Normal) with scaling to $2M
- Wide range of tradable instruments including stocks and crypto
- Allowed EAs, copy trading, news trading, and weekend holding
- Both MT4 and MT5 platforms supported
Cons
- Permanently closed operations on March 4, 2024
- No refunds issued to active challenge holders after shutdown
- Support channels went silent after closure
- 60-day time limit per phase was restrictive
- 10 minimum trading days requirement was higher than competitors
Trading Rules
About Fidelcrest
IMPORTANT: Fidelcrest permanently ceased all operations on March 4, 2024. The firm is no longer accepting new traders or processing any payouts. This profile is maintained for historical reference only.
Fidelcrest was a proprietary trading firm founded in 2018 and headquartered in Nicosia, Cyprus. During its years of operation, the firm built a reputation as a pioneer in the prop trading industry, most notably for introducing the "Aggressive" account type -- a concept that doubled both profit targets and drawdown limits in exchange for a higher 90% profit split. This innovation was later adopted by many competitors.
At its peak, Fidelcrest offered some of the largest account sizes in the industry, with Pro Trader accounts reaching $1,000,000 and a scaling plan that could grow accounts up to $2 million. The firm supported a wide range of tradable instruments including forex, indices, commodities, stock CFDs, and cryptocurrency CFDs, making it one of the more versatile prop firms available.
Fidelcrest held a 3.9-star Trustpilot rating from approximately 1,769 reviews before its closure. While 80% of reviews were 5-star, a notable 13% were 1-star, reflecting the significant backlash following the firm's sudden shutdown. Many traders lost their challenge fees without receiving refunds or any meaningful communication from the company.
The firm's closure on March 4, 2024, was attributed to losing its MetaQuotes licensing and liquidity provider. Fidelcrest initially promised traders that the issue would be resolved within weeks, but operations were never resumed. The website eventually began displaying unrelated content, and all support channels fell silent.
How Fidelcrest Works
Note: Fidelcrest is no longer operational. The following describes how the firm functioned before its closure.
Fidelcrest offered a two-phase evaluation process across four account categories:
Micro Trader Normal: Designed for traders starting with smaller capital ($10K-$50K). Phase 1 required a 10% profit target and Phase 2 required 5%, both within 60 calendar days each. Daily loss was capped at 5% and maximum drawdown at 10%. Profit split was 80%.
Micro Trader Aggressive: The same account sizes as Micro Normal but with doubled targets and limits. Phase 1 required 20% profit and Phase 2 required 10%, with a 10% daily loss cap and 20% maximum drawdown. The reward was a 90% profit split from day one.
Pro Trader Normal: Larger accounts ranging from $150K to $1M with the same 10%/5% targets, 5% daily loss, 10% max drawdown, and 80% profit split.
Pro Trader Aggressive: Pro-level accounts ($150K-$500K) with 20%/10% targets, 10% daily loss, 20% max drawdown, and 90% profit split.
All programs required a minimum of 10 trading days per phase and had a 60-calendar-day time limit per phase. The challenge fee was refundable with the first payout after receiving a funded account.
Pricing & Plans
Micro Trader (Normal)
| Account Size | Fee |
|---|---|
| $10,000 | ~$99 (EUR 99) |
| $25,000 | ~$249 (EUR 249) |
| $50,000 | ~$449 (EUR 449) |
Micro Trader (Aggressive)
| Account Size | Fee |
|---|---|
| $10,000 | ~$139 |
| $25,000 | ~$349 |
| $50,000 | ~$629 |
Aggressive accounts cost approximately 40% more than their Normal counterparts.
Pro Trader (Normal)
| Account Size | Fee |
|---|---|
| $150,000 | ~$649 (EUR 649) |
| $250,000 | $999 |
| $500,000 | $1,899 |
| $1,000,000 | $2,999 |
Pro Trader (Aggressive)
| Account Size | Fee |
|---|---|
| $150,000 | ~$909 |
| $250,000 | $1,999 |
| $500,000 | $3,499 |
Note: Prices were originally listed in EUR. USD equivalents are approximate based on exchange rates at the time of operation.
Rules & Restrictions
Risk Management:
- Normal accounts: 5% daily loss limit, 10% maximum drawdown
- Aggressive accounts: 10% daily loss limit, 20% maximum drawdown
- Drawdown was calculated on a balance-based model
Trading Rules:
- 60 calendar days per evaluation phase (strict time limit)
- Minimum 10 trading days per phase
- News trading was allowed
- Weekend and overnight holding was permitted
- EAs and automated trading were allowed
- Copy trading was permitted
- Scalping and hedging were allowed
- Leverage up to 1:100
- Platforms: MetaTrader 4 and MetaTrader 5
Instruments:
- Forex pairs
- Indices
- Stock CFDs
- Commodities
- Cryptocurrency CFDs
Payouts
- Frequency: Monthly (first payout eligible after 30 days as a funded trader)
- Processing Time: 5-10 business days after request
- Methods: Bank transfer, PayPal, cryptocurrency
- Profit Split: 80% (Normal) or 90% (Aggressive)
- Fee Refund: Challenge fee refunded with the first payout
Scaling Plan:
- Required 20% total profit over 3 months to qualify
- Scaling was completely free
- Scaling path: $100K -> $200K -> $400K -> $800K -> $1.6M -> $2M
- Maximum funding: $2,000,000
Is Fidelcrest Legit?
Fidelcrest is no longer operational and should be considered defunct.
Before its closure, Fidelcrest was a legitimate prop trading firm with a 6-year operational history (2018-2024). The firm held a 3.9-star Trustpilot rating, though this was significantly impacted by the fallout from its sudden shutdown.
On March 4, 2024, Fidelcrest suspended all operations, citing the loss of its MetaQuotes licensing and liquidity provider. The firm initially told traders the issue would be resolved within weeks, but operations were never resumed. The most damaging aspect of the closure was Fidelcrest's refusal to refund fees to traders who held active challenges in good standing. Support channels eventually went completely silent, and the website began showing unrelated content.
The Fidelcrest shutdown was part of a broader industry reckoning in 2024, when over 80 prop trading firms closed their doors. However, Fidelcrest's handling of the closure -- particularly the lack of refunds and communication -- drew significant criticism and accusations of fraudulent behavior from affected traders.
Traders should not attempt to purchase any services from Fidelcrest. The firm is permanently closed.
FAQ
What is Fidelcrest?
Fidelcrest was a Cyprus-based proprietary trading firm that operated from 2018 to March 2024. It offered funded trading accounts up to $1 million with a scaling plan to $2 million. The firm permanently ceased operations in 2024 and is no longer accepting traders or processing payouts.
How much does Fidelcrest cost?
Fidelcrest is no longer operational. When it was active, challenge fees ranged from approximately $99 (EUR 99) for a $10,000 Micro Normal account to $3,499 for a $500,000 Pro Aggressive account. The most expensive option was the $1,000,000 Pro Normal at $2,999.
What is Fidelcrest's profit split?
When operational, Fidelcrest offered an 80% profit split on Normal accounts and a 90% profit split on Aggressive accounts. The Aggressive option was pioneered by Fidelcrest and later copied by many competitors.
Does Fidelcrest allow EAs/bots?
When operational, Fidelcrest allowed Expert Advisors, copy trading, and automated strategies on both MT4 and MT5 platforms. This is no longer relevant as the firm has permanently closed.
Is Fidelcrest available in the US?
Fidelcrest is no longer available to traders in any country. The firm permanently ceased operations on March 4, 2024. US traders were generally not the primary target market when the firm was operational.