Comparing Fidelcrest and Funded Trading Plus: A Comprehensive Guide to Trading Objectives
Trading Objectives Breakdown
Traders seeking to elevate their trading endeavors often consider joining proprietary trading firms. Fidelcrest and Funded Trading Plus stand out as reputable options, offering distinct trading programs tailored to varying risk appetites and trading styles. This comprehensive comparison delves into the trading objectives of Fidelcrest’s Normal, Aggressive Risk, and Funded Trading Plus’s Advanced programs, providing a clear understanding of their respective requirements and conditions.
Phase 1 Profit Target
Fidelcrest’s Normal Risk program sets a modest profit target of 10% in Phase 1, while the Aggressive Risk program offers two options: 15% or 20%. Funded Trading Plus’s Advanced program aligns with Fidelcrest’s Normal Risk, aiming for a 10% profit target in Phase 1.
Phase 2 Profit Target
In Phase 2, Fidelcrest’s Normal Risk program provides flexibility, allowing traders to choose between a 5% or 10% profit target. The Aggressive Risk program maintains its higher targets, offering 15% or 20%. Funded Trading Plus’s Advanced program, however, simplifies the process with a single 5% profit target in Phase 2.
Maximum Daily Loss
Risk management is paramount in trading. Fidelcrest’s Normal Risk program limits daily losses to 5%, while the Aggressive Risk program allows for a slightly higher 10% daily loss. Funded Trading Plus’s Advanced program aligns with Fidelcrest’s Normal Risk, setting a 5% maximum daily loss limit.
Maximum Loss
Fidelcrest’s Normal Risk program enforces a 10% maximum loss rule, while the Aggressive Risk program doubles it to 20%. Funded Trading Plus’s Advanced program employs a trailing 10% maximum loss rule, providing traders with greater flexibility.
Minimum Trading Days
Traders appreciate flexibility in their trading schedules. Notably, all three programs eliminate the burden of minimum trading days, empowering traders to set their own trading pace.
Maximum Trading Period
Fidelcrest’s Normal and Aggressive Risk programs impose a 60-day time frame for both Phase 1 and Phase 2. However, traders can extend this period indefinitely with an add-on. Funded Trading Plus’s Advanced program offers unparalleled flexibility, allowing traders to trade indefinitely in both phases.
Profit Split
Profit sharing is a crucial aspect of prop trading. Fidelcrest’s Normal Risk program allocates 80% of profits to traders, while the Aggressive Risk program offers a generous 90%. Funded Trading Plus’s Advanced program matches Fidelcrest’s Normal Risk, offering an 80% profit split, with the potential to increase to 90% based on performance.
Additional Notes on Fidelcrest Pro Trader Program
UProfit Trading Goals
- Phase 1 profit target: 10-20%
- Phase 2 profit target: 5-10%
- Maximum daily loss: 5-10%
- Maximum loss: 10-20%
- Profit split: 80-90%
Fidelcrest’s Pro Trader evaluation program stands out with its two-phase evaluation process. The Normal Risk accounts target a 10% profit in both phases, while the Aggressive Risk accounts aim for 15% in each phase. Both account types adhere to a strict 5% maximum daily loss limit. Notably, Fidelcrest’s Pro Trader program lacks scaling options, unlike some of its competitors.
Conclusion
This comprehensive comparison provides traders with a clear understanding of the trading objectives offered by Fidelcrest and Funded Trading Plus. By carefully considering the profit targets, loss limits, and other conditions outlined above, traders can make informed decisions that align with their risk tolerance and trading strategies. Whether seeking a structured approach with Fidelcrest or the unparalleled flexibility of Funded Trading Plus, both firms offer reputable options for traders looking to elevate their trading careers.
