Key terms, as published

Read directly from fidelcrest.com on 20 September 2026. Figures refer to the Pro Trader Normal $250,000 account unless stated.

• Challenge fee: €999.00, one-time, refunded with the first payout.
• Account sizes: $250,000, $500,000 and $1,000,000 on the Pro Trader tier; “up to $2,000,000” once funded, with no scaling plan.
• Profit split: 80% on the Normal risk mode, 90% on Aggressive.
• Profit target: 10% in Phase 1 and 10% in Phase 2 on Normal (20% and 20% on Aggressive); 0% once funded.
• Maximum loss: 10% on Normal, 20% on Aggressive. Maximum daily loss: 5% and 10% respectively.
• Trading period: 60 calendar days per the programme table — but the general terms on the refund and cancellation policy say it “lasts for 30 calendar days from the date of its activation”.
• Minimum trading days: 0 in Phase 1 and Phase 2; 10 simulated trading days once funded, with a 30-day maximum inactivity window.
• Payout frequency: none published.

What Fidelcrest is actually selling

Most prop firms blur the line between the company that takes the challenge fee and the company whose capital is at risk. Fidelcrest states the separation twice, in its own words.

Step 3 of the programme table reads: “You will be introduced for the proprietary trading firm and can start trading their capital without profit targets as long as you won’t reach max. loss limits.” The explanatory section below is blunter: “Upon successful completion of the Trading Challenge and Verification, you will be recommended to a 3rd party proprietary firm to manage their trader account with a balance up to 2 Million USD and receive up to 90% profit split.”

Read literally, Fidelcrest Ltd runs an evaluation course and a referral. Someone else provides the account, holds the capital and, by implication, decides whether a payout is made. That matters more than any drawdown percentage: it determines who the trader’s counterparty is once money is owed.

Here is what we could not verify, and it is the central gap in this review: the third-party firm is never named. Not on the homepage, not in the general terms, not in the knowledge base — no jurisdiction, no regulatory status, no document setting out the terms on which it agrees to fund a recommended trader. A €999 fee buys an introduction to a counterparty whose identity is withheld until after payment.

The website itself is the first red flag

Before assessing a rule, a reviewer has to be able to read it. On 20 September 2026 we could not. The homepage returned HTTP 200 — but the Cloudflare headers showed cf-cache-status: STALE, an age of 2,556,163 seconds (about 29.6 days) and a last-modified of 21 August 2026. The page that loads is a month-old cached copy served from the edge, not a live page from Fidelcrest’s server.

Every page not held in that cache failed. /programs, /profit-splits, /scaling-plan, /general-terms-and-conditions, /knowledge-base, /fidelcrest-about-us, /partners, /privacy-policy and /brokers-instruments each returned HTTP 522 — Cloudflare’s code for an origin connection that timed out. The refund policy loaded only because it too was cached, from 22 August 2026.

The documents a buyer most needs — detailed rules and objectives, the profit-share schedule, the scaling plan and the full general terms — were therefore unreadable. We cannot say from outside whether that is a billing lapse, a migration or something worse. We can say a firm asking €999 up front had no serving origin for its own terms of business.

Payouts: what is published, and what is not

What Fidelcrest publishes: the fee is “refunded with your first payout”; the funded stage carries no profit target, requires 10 simulated trading days and caps inactivity at 30 days; and the homepage claims a trader can “get your first profit split in only 11 days of trading”. The split is 80% on Normal, 90% on Aggressive.

What it does not publish: a payout frequency. No withdrawal cycle — no weekly, bi-weekly or 14-day schedule on any page that still loads. No minimum withdrawal, no payout cap, no processing time, no named payment rail, no audited payout total, no third-party attestation, no ledger. The “11 days” figure is a claim about how quickly a first split can be reached, not how quickly it is paid.

Nor is there anything identifying who pays. The funded account sits with an unnamed third party, so the payout obligation sits there too — and that entity publishes nothing, because we do not know which entity it is. At Fondeo the homepage split and the terms split disagreed; here there is no second number to disagree with.

Independent trader reports are the usual corrective to a firm’s own claims, and we could not obtain a usable one. We found no first-hand, dated payout report from a named trader that we could verify at source and attribute, so this review carries none rather than paraphrase an unsourced one.

Fidelcrest links to a Trustpilot profile from its footer. We tried to read the current score and review count at source and were served a bot-protection interstitial, so we are not reproducing a rating we could not confirm. Check it directly, and weight recent reviews above the lifetime average.

The rules that fail traders

The clock contradiction. The programme table says 60 calendar days; the general terms say 30. A trader pacing a 10% target across eight weeks on the strength of the marketing table may be working to a deadline that expired a month earlier. Which governs is a question for the terms page — which does not load.

The withdrawal right evaporates on the first trade. Clause 12.1 gives consumers 14 days to withdraw, then states in capitals that opening a demo trade inside that window forfeits the right. Clause 6.1 defines activation as “opening the first demotrade”. In practice the refund right and the product are mutually exclusive.

The fee is not coming back. Clause 2.6 rules out a refund if the customer cancels, stops early, fails the challenge or verification, or breaches the terms; clause 4.5 confirms that cancelling the client section forfeits fees already paid.

Disputing a charge can end the relationship. Clause 2.7 lets Fidelcrest stop providing services, and refuse all future service, on an unjustifiable chargeback.

The parameters can change under you. Clause 2.9: “The Provider reserves the right to unilaterally change the fees and parameters of the Services at any time, including the parameters for their successful completion.” Services already bought are carved out; pass criteria for anything bought afterwards are revisable at the firm’s discretion.

Smaller inconsistencies compound the picture: the objectives band advertises a “Profit Target 5% Min Profit Target” while every phase table says 10% or 20%, and the footer copyright reads “© 2018 – 2027”.

How Fidelcrest compares

All figures retrieved 20 September 2026 from each firm’s own site. The comparators are $100,000 accounts, since Fidelcrest does not offer one.

Measure	Fidelcrest Pro Trader Normal $250,000	FTMO Challenge 2-Step $100,000	The5ers 1-Step $100,000
Fee	€999.00	€540 list, €439 on the discount running on 20 September 2026	$249
Phase 1 profit target	10%	10%	10%
Phase 2 profit target	10%	5%	0% (single phase)
Maximum loss	10% static	10% static	6% static
Maximum daily loss	5%	5%	3%
Minimum trading days	0 in evaluation, 10 once funded	4 per phase, 0 once funded	0 in evaluation, 0 once funded
Profit split	80%, 90% on Aggressive	80%, rising to 90%	75%
Consistency rule	0 published	Best day capped at 50% of positive-day profit	50% per day
Payout cap	0 published	0 published	$2,000
Maximum funded capital	$2,000,000	$200,000, to $2,000,000 via scaling	$4,000,000
Who holds the funded account	1 unnamed third-party firm	1 firm — FTMO itself	1 firm — The5ers itself

On rules alone Fidelcrest is unremarkable: a 10%/5% risk envelope with a 10% target is the sector standard. The bottom row is where it separates from both comparators, and not in its favour.

Regulatory posture

Fidelcrest is the trading name of Fidelcrest Ltd, registered at Arch. Makariou III & 1-7 Evagorou, MITSI 3, office 102 C, 1065 Nicosia, Cyprus, company number HE413263, founded 2018.

Registration in Cyprus is not regulation in Cyprus. We checked the Cyprus Securities and Exchange Commission’s register of Cypriot Investment Firms on 20 September 2026: Fidelcrest Ltd does not appear on it. The same register lists eToro, Exness, Plus500, IC Markets and XM, so the absence is not an artefact of an incomplete page. Fidelcrest holds no CySEC investment-firm authorisation, and does not claim one.

The accounts are simulated throughout: the general terms speak of “demotrades” and the site counts “simulated trading days”. Nothing a trader does places client money at risk, and nothing makes a trader the client of a regulated firm. That is the sector norm, and it is why the United States and Canada are excluded — the same exclusion we examined in our review of WSFunded, which bars US residents outright. For the direction of travel, see our coverage of CFTC Letter 26-25 and the conditions attached to software-only relief, and of the CySEC warning attached to another Cyprus-linked prop brand.

FAQ

Does Fidelcrest fund traders with its own capital?
On its own account, no. The programme page says a trader who passes “will be introduced for the proprietary trading firm” and will trade “their capital”; the explanatory text says the trader is “recommended to a 3rd party proprietary firm”. Fidelcrest charges for the evaluation; an unnamed company provides the account.

How much does a Fidelcrest challenge cost?
€999.00 for the Pro Trader Normal $250,000 account on 20 September 2026 — a single non-recurring fee that Fidelcrest says is refunded with the first payout. Larger Pro Trader accounts run to $500,000 and $1,000,000, and a Micro Trader tier exists; those prices sat on pages that did not load.

How often does Fidelcrest pay out?
It does not publish one. There is no stated withdrawal cycle, minimum withdrawal, payout cap or processing time on any page that loads. The firm claims a first profit split can be reached in 11 days of trading, which is a statement about eligibility rather than settlement.

Is Fidelcrest regulated?
No. Fidelcrest Ltd is a registered Cyprus company, number HE413263, but does not appear on CySEC’s register of Cypriot Investment Firms as checked on 20 September 2026, and does not hold itself out as regulated. Accounts are simulated.

Is the challenge 30 days or 60 days?
The programme table says 60 calendar days per phase. The general terms reproduced on the refund page say it “lasts for 30 calendar days from the date of its activation”. Both cannot be right, and the page that would settle it returned a server error on 20 September 2026. Get the answer in writing before paying.

This review is independent editorial analysis and is not financial, investment, or trading advice, and is not an endorsement or solicitation. The Industry Spread has no affiliate or referral relationship with the firms covered. Proprietary trading challenges carry a fee that is generally non-refundable, most participants do not reach a funded account, and funded capital is the firm’s capital, not the trader’s. Terms change frequently — always verify current rules directly with the firm before paying any fee.