Unveiling the Titans of Proprietary Trading: A Comprehensive Comparison of True Forex Funds and Fidelcrest

The Global Arena of Proprietary Trading

In the dynamic realm of financial markets, the advent of proprietary trading firms has revolutionized the way traders navigate the complexities of forex trading. True Forex Funds and Fidelcrest stand out as two industry giants, offering unparalleled opportunities for aspiring and seasoned traders alike. This comprehensive comparison delves into their offerings, empowering you to make an informed decision and embark on a successful trading journey.

Delving into the Corporate Landscape

The 5 most important things about Uprofit

True Forex Funds, established in 2021, has quickly gained prominence under the leadership of Richard Nagy, operating from the heart of Győr, Hungary. Fidelcrest, on the other hand, traces its roots back to 2018, guided by Jussi Hallikas, with its headquarters in the vibrant city of Nicosia, Cyprus. Both firms have carved out a significant presence in the global forex trading community, offering traders a gateway to amplify their trading potential.

Exploring the Funding Landscape

True Forex Funds and Fidelcrest cater to the diverse needs of forex traders through their tailored funding programs. True Forex Funds presents a range of evaluation options, including a one-step and three two-step evaluations, providing traders with flexibility in their journey towards funding. Fidelcrest primarily offers a two-step evaluation, equipping traders with a structured path to success.

Unveiling the Two-Step Evaluation

The two-step evaluation programs of True Forex Funds and Fidelcrest exhibit distinct characteristics that shape the trading experience. True Forex Funds sets an 8% profit target for Phase 1, while Fidelcrest’s targets range from 10% to 20%, challenging traders to push their limits. Both firms impose a 5% daily drawdown limit, ensuring prudent risk management. Fidelcrest offers a higher overall drawdown in its aggressive program, catering to traders with a higher tolerance for risk.

Leverage, a crucial aspect of trading, is handled differently by the two firms. Fidelcrest offers leverage ranging from 1:100 to 1:200, providing traders with ample flexibility. True Forex Funds, on the other hand, maintains a consistent 1:100 leverage, ensuring a balanced approach to risk and reward.

Minimum trading days vary across the programs, with some requiring a specific number of trading days to complete the evaluation, while others offer more flexibility. The profit split, a key incentive for traders, stands at 80% for True Forex Funds and up to 90% for Fidelcrest, rewarding traders handsomely for their successful performance.

Deciphering Program Pricing

Account sizes come with varying fees for each firm, catering to traders with different capital levels. True Forex Funds offers a range of account sizes, starting from $10,000 with a fee of €89, up to $200,000 with a fee of €998. Fidelcrest’s pricing is not readily available, but it is essential to consider the fees associated with each account size when making a decision.

Navigating the Trading Landscape

The 5 most important things about Uprofit

True Forex Funds and Fidelcrest empower traders with access to industry-leading trading platforms, MetaTrader 4 and MetaTrader 5. These platforms provide a comprehensive suite of tools and features, enabling traders to execute their strategies with precision and efficiency.

When it comes to liquidity, True Forex Funds partners with Tier-1 liquidity providers, ensuring traders have access to the deepest liquidity pools and the best possible trading conditions. Fidelcrest, on the other hand, collaborates with Foreign Exchange Clearing House, providing traders with reliable and transparent execution.

The range of trading instruments offered by both firms is extensive, encompassing forex pairs, commodities, indices, stocks, and cryptocurrencies. This diversity allows traders to diversify their portfolios and explore various market opportunities, maximizing their earning potential.

Harnessing Community Feedback

Community feedback plays a vital role in shaping the reputation of proprietary trading firms. True Forex Funds has garnered an impressive 4.7/5 rating from over 2,257 reviews on Trustpilot, a testament to its commitment to trader satisfaction. Fidelcrest, too, has earned a commendable 4.6/5 rating from over 1,260 reviews, reflecting the positive experiences of its traders.

Embarking on Your Trading Odyssey

The 5 most important things about Uprofit

Choosing between True Forex Funds and Fidelcrest ultimately depends on your individual trading style and preferences. True Forex Funds offers a wider range of evaluation programs, catering to traders with varying risk appetites and trading strategies. Fidelcrest, on the other hand, provides higher funding options, enabling traders to scale their accounts more aggressively.

Both firms have established a strong presence in the industry, offering traders a trusted and supportive environment to hone their skills and achieve their financial goals. Whether you are a seasoned trader seeking to amplify your earnings or an aspiring trader eager to embark on your trading journey, True Forex Funds and Fidelcrest stand ready to empower your success.