Traders With Edge

       Fidelcrest Alternative & Comparison

Fidelcrest alternative and comparison, that’s what we’re going to be discussing in this video today. 

Fidelcrest versus Traders With Edge. As you can see up the top, there’s a prop firm and challenge account type. We’ve got the Traders With Edge Turtle account, the Traders With Edge Hare account, the Fidelcrest Pro Trader Normal, the Fidelcrest Pro Trader Aggressive. We’ve got $100,000 accounts on the Traders With Edge and $150,000 trader accounts on Fidelcrest because these are the closest accounts that they have available. It doesn’t really change any of the rules, they’re all pretty much the same and percentages are the same for each account type within the respective prop firm. Let’s get stuck into it.

Max account size after scaling. Most prop firms have a scaling account where if the trader is good and they’re continually making profits, the prop firm will continue to top up that trader’s account. Fidelcrest doesn’t apparently have a rapid scaling plan. Traders With Edge does have a rapid scaling plan, it also has a traditional scaling plan. If you go to the website traderswithedge.com, under challenges you look at Scaling Plans and you go to a page that looks something like this and you see that we’ve got the organic scaling and the rapid scaling plans with the description there’s. There’s also a video that explains them and there are some case studies of the differences between the traditional and the rapid scaling plans. If you continue to scroll down, you’ll see the difference in how fast your account can grow with the rapid scaling plan. We’ve also built a calculator there for you where you can select an account balance and play around to figure out what the difference would be for you if you were trading on a rapid versus an organic type scaling plan.

Back to the Fidelcrest alternative and comparison. The number of phases for the Turtle is it’s a one phase account so you only need to pass one challenge and then you’re funded. With the Hare account and both the Fidelcrest accounts, they’re two phase accounts which means you’ll need to pass one challenge and then you need to do it again to verify. The price for each one is below, so you can see the Turtle account is $750, the Traders With Edge Hare account is $590, the Fidelcrest ProTrader Normal is $717 and the Fidelcrest ProTrader Aggressive is $1082.

Keep in mind your max account size after scaling on the Traders With Edge is $3 million where on Fidelcrest it’s only a million dollars. If we continue to scroll down, is the fee refundable? So no, the fee’s not refundable on the Turtle account and it’s not refundable on either of the Fidelcrest accounts. The fee is, however, refundable on the Traders With Edge Hare account. Once you pass the challenge and you receive your first payout, then you will be sent your initial fee that you paid to do the challenge back along with your first payment. The target for phase one on the Traders With Edge accounts and the Fidelcrest Pro Trader Normal is 10% and the target on the Fidelcrest Pro Trader Aggressive is 20%. The target for phase two on the Turtle, well, there is no phase two because it’s a one phase account so that means you’d already be on a funded account by this stage. Traders With Edge Hare is 5%, Fidelcrest is 10% for the Normal and 20% for the Trader Aggressive.

I do need to mention at this point Fidelcrest does have slightly different challenge accounts than most firms where they do give you some funding on the phase two. I think it’s about 40%, so they’ll pay out about 40% of profits on the phase two account if you pass that phase two. The maximum drawdown for the Turtle account, the maximum drawdown is 5%, for the Traders With Edge Hare it’s 10%, the Fidelcrest Pro Trader Normal is 5%, Pro Trader Aggressive is 10%. The daily drawdown is 2.5% for the Turtle, it’s 5% for the Hare, 5% for the Fidelcrest Trader and 10% for the Fidelcrest Aggressive account. The profit share on all accounts is 80%, on the Fidelcrest Aggressive it’s up to 90% after you pass some milestones but you start off on a lower percentage.

The minimum trading days for phase one is 10 minimum trading days across the board. The minimum trading days for phase two, there is not minimum trading days for phase two on the Turtle because, as I said, you’re already on a funded account by this stage and whatever profits you make you keep 80% of. On the other three accounts, the minimum trading days is 10 days. The trading period for phase one, you’ve got a full year to pass the challenge on the Turtle account and you’ve got 30 days to pass the challenge on the other three accounts. Phase two, Turtle not applicable once again and the other two you’ve got up to 60 days to pass. Can you hold over weekends? Yes, you can hold over weekends on all of them except the Hare account. Can you use EAs? For both firms they require you to get approval before you use an EA. This is to make sure that everyone’s not using the same EA.

Most firms will fail you if you go and use an EA. With most other firms, if they find that there’s multiple people using the same EA they will fail your accounts because they don’t want the consolidation risk on their account. If they’ve got 100 people trading the same strategy, then it leaves them overexposed. That’s why both Traders With Edge and Fidelcrest require you to request approval before using an EA. Traders With Edge allow signals, Fidelcrest does not. They both allow news trading. You don’t get a free retry on the Turtle account. You do get a free retry on the Traders With Edge account, so if the time runs out, you haven’t hit the profit target but you have made some profit without violating any rules, then you will get a free retry.

Fidelcrest you need to choose upfront before you purchase. You can get a free retry if chosen at the time you purchase on Fidelcrest. Can you trade forex? Yes to both companies. You can trade digital currencies, you can trade commodities, you can trade indices, you can trade share and stock CFDs. Do they have trading competitions where you can sign up and battle it out against other traders? Typically, these competitions are run over 30 day period and whoever wins wins a challenge account. Fidelcrest doesn’t offer this, Traders With Edge does offer it.

Do they have giveaways? Yes, Traders With Edge has giveaways consistently. Fidelcrest doesn’t seem to. Here’s an example of Traders With Edge giveaway. We ran this giveaway recently where you could win one of three $50,000 challenge accounts. All you needed to do was enter your name and email address into the prize draw. Do they have trader education? Yes, Traders With Edge has education, Fidelcrest doesn’t. The affiliate program, Traders With Edge has up to 20% for the lifetime of the purchase so if someone signs up today and then they purchase in six months from now, then you still get paid a commission on that sale. Fidelcrest has up to 15%.

That concludes our comparison of Fidelcrest and Traders With Edge. If you’ve got any questions then please go to the website, traderswithedge.com, and talk to someone on live chat. Alternatively, join the Telegram group or comment on the video below. Have a great day.

Fidelcrest was founded in 2018 by a team of Forex traders and professionals with a goal to find, train and evaluate Forex, CFD and various types of traders to be part of their team. Having that desire to discover traders that can make sustainable earnings drives them to build up their company.

The management team has years of experience and passion to provide services to traders who are passionate in their craft. As Traders and Investors, the company knows exactly what Traders go through and the frustrations they face. Carrying that thought allows Fidelcrest to thrive in the industry amidst the difficult times. This is when they saw an opportunity to start a proprietary trading company to help retail traders and investors alike to achieve their goals.

Fidelcrest is open to traders worldwide, including the United States and Canada. They continue to develop to help traders around the globe. One of the biggest obstacles most traders face is not having enough trading capital which is one reason Fidelcrest continues to thrive. The company teaches trading and risk management skills which are required to succeed in the field of trading. They made trading accessible and inclusive for everyone. The company believes that having the skill will allow traders to make a living by trading.

Fidelcrest is located in Nicosia, Cyprus

Prop Firm/Challenge

Size
  • Max Account Size After Scaling
  • Rapid Scaling
  • Number Of Phases
  • Price: $USD
  • Refundable Fee
  • Target Phase 1
  • Target Phase 2
  • Maximum Drawdown
  • Daily Drawdown
  • Profit Share
  • Minimum Trading Days Phase 1
  • Minimum Trading Days Phase 2
  • Trading Period Phase 1
  • Trading Period Phase 2
  • Hold Over Weekends
  • Use EA’s
  • Allow Signals
  • Allow News Trading
  • Free Retry
  • Trade FX
  • Trade Digital Currencies
  • Trade Commodities
  • Trade Indices
  • Trade Share/Stock CFDs
  • Trading Competitions
  • Giveaways
  • Trader Education
  • Affiliate Program Pays

Traders With
Edge Turtle

$ 100K
  • $3 Million
  • Yes
  • 1
  • $750.00
  • 10%
  • N/A
  • 5%
  • 2.50%
  • 80%
  • 10
  • N/A
  • 365
  • N/A
  • Yes
  • With Approval
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Up To 20% Lifetime

Traders with
edge hare

$ 100K
  • $3 Million
  • Yes
  • 2
  • $590.00
  • Yes
  • 10%
  • 5%
  • 10%
  • 5%
  • 80%
  • 10
  • 10
  • 30
  • 60
  • With Approval
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Up To 20% Lifetime

FidelCrest Pro Trader Normal

$ 150K
  • $1 Million
  • 2
  • $717.00
  • 10%
  • 10%
  • 5%
  • 5%
  • 80%
  • 10
  • 10
  • 30
  • 60
  • Yes
  • With Approval
  • Yes
  • Yes, If Chosen
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Up To 15%

FidelCrest Pro Trader Aggressive

$ 150K
  • $1 Million
  • 2
  • $1,082.00
  • 20%
  • 20%
  • 10%
  • 10%
  • Up To 90%
  • 10
  • 10
  • 30
  • 60
  • Yes
  • With Approval
  • Yes
  • Yes, If Chosen
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Up To 15%

Choose your account type

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