Fidelcrest Markets Review

About Fidelcrest Markets

Fidelcrest operates as a proprietary trading firm registered in Cyprus under the name Fidelcrest Ltd, headquartered at Arch. Makariou III & 1‑7 Evagorou, MITSI 3, 1st floor, office 102 C, 1065 Nicosia, Cyprus (). It does not hold any brokerage license from major financial regulators such as FCA, CySEC, ASIC or others, and is not regulated for forex or CFD trading (). The firm provides proprietary trading challenges in simulated environments using MetaTrader 4 and MetaTrader 5 platforms, offering evaluation programs (e.g., Micro and Pro Trader), with leverage up to 1:100, spreads from around 0.1 pips, and access to instruments including forex, indices, commodities, stocks, and cryptocurrencies ().

Fidelcrest does not accept client deposits; traders pay a one-time evaluation fee to participate in challenges. Successful participants can access funded accounts with capital up to $1 million (some sources indicate up to $2 million) and profit-sharing arrangements up to 90% (). The firm claims to employ KYC and AML procedures, and uses simulated environments, meaning client funds are not held directly by Fidelcrest but by its partnered brokers (). Reports indicate that operations have ceased and the firm has shut down, with no new accounts or challenges being accepted as of 2024–2025 ().

Pros and cons

Pros

• Offers access to significant trading capital through funded programs without requiring deposit of personal funds ().
• Supports a wide range of asset classes, including forex pairs, indices, commodities, stocks and cryptocurrencies, via MT4/MT5 platforms ().

Cons

• Unregulated by any major financial authority; operates without investor protection mechanisms ().
• Alleged shutdown of operations; no new challenges are open; existing users may face support and withdrawal difficulties ().