In this detailed comparison, we explore the offerings of True Forex Funds and Fidelcrest, two prominent proprietary trading firms, to the global forex trading community.
Company Overviews
True Forex Funds, established in October 2021 and led by Richard Nagy, operates from Győr, Hungary. Fidelcrest, starting its journey in September 2018 under Jussi Hallikas’s guidance, is headquartered in Nicosia, Cyprus. True Forex Funds offers traders a maximum allocation of $400,000, while Fidelcrest provides up to 2x $1,000,000, with both firms having scaling plans.
Funding Program Options
True Forex Funds and Fidelcrest cater to forex traders with diverse funding programs. True Forex Funds presents three two-step evaluations and a one-step evaluation, while Fidelcrest primarily offers a two-step evaluation.
Two-Step Evaluation Details
The two-step evaluation programs of these firms show notable differences:
- Profit Targets: True Forex Funds sets an 8% target for Phase 1, while Fidelcrest’s targets range from 10% to 20%.
- Daily & Overall Drawdown: Both firms have a 5% daily drawdown, with Fidelcrest offering a higher overall drawdown in its aggressive program.
- Leverage: Ranges from 1:100 to 1:200 for Fidelcrest, while True Forex Funds offers a consistent 1:100.
- Minimum Trading Days: Varied requirements, with some programs having no minimum.
- Profit Split: 80% for True Forex Funds and up to 90% for Fidelcrest.
Program Pricing Comparison
Different account sizes come with varied fees for each firm:
- $10,000 Account: €89 for True Forex Funds
- $25,000 Account: €189 for True Forex Funds
- $50,000 Account: €299 for True Forex Funds
- $100,000 Account: €499 for True Forex Funds
- $200,000 Account: €998 for True Forex Funds
Brokers & Trading Platforms
Both firms utilize MetaTrader 4 and MetaTrader 5. True Forex Funds partners with Tier-1 liquidity providers, while Fidelcrest works with Foreign Exchange Clearing House.
Trading Instruments
Both True Forex Funds and Fidelcrest offer trading in forex pairs, commodities, indices, stocks, and crypto.
Community Feedback and Reputation
Community feedback, especially from Trustpilot, is vital:
- True Forex Funds holds a 4.7/5 rating from 2,257 reviews.
- Fidelcrest has a 4.6/5 rating from 1,260 reviews.
Conclusion
Overall, True Forex Funds and Fidelcrest offer excellent choices for traders, each with its unique strengths in trading rules, pricing, and community feedback. True Forex Funds provides a broader range of evaluation programs, while Fidelcrest offers higher funding options.
