(Newswire.net — May 25, 2023) —
One essential feature new Forex traders look out for in choosing a Forex Broker is a broker that has a low minimum deposit. With low minimum deposit thresholds, novice Forex traders can afford trade and risk according to their ability.
Traders Union determined one of the best Forex brokers with a low minimum deposit. FidelCrest is one of the most prominent prop firms for forex trading and provides a unique trading model for accessing vast trading resources or capital. TU experts explained that Fidelcrest minimum deposit is among the lowest in Forex trading.
What is Fidelcrest minimum deposit?
Traders Union reveals that Fidelcrest requires no minimum deposit; only a subscription fee is required. FidelCrest Challenge with an initial balance of:
· 10K costs 99 euros (MicroTrader);
· 25К costs 249 euros (MicroTrader);
· 50К costs 449 euros (MicroTrader);
· 150К costs 649 euros
· 500К costs 1599 euros;
· 1 million balance costs 2699 euros.
Cost of the Fidelcrest basic plan in comparison to competitors
Fidelcrest trading accounts start at $10.000 and cost 99 euros (MicroTrader). The maximum funding available is about $500,000. The account size can cost up to $1,599 to manage the challenge. You may not complete the challenge promptly.
Furthermore, you can benefit from the capital scaling program, particularly if you produce regular returns on the account.
Fidelcrest Deposit Fees
Traders Union equally revealed the deposit fees and time for Fidelcrest.
Fees for Fidelcrest deposits
When you deposit money into your Fidelcrest account, there is no need to pay any additional fees. Your chosen bank, however, may impose a fee for the transaction. As a result, you should contact your bank to learn more about the potential fees.
Deposit at Fidelcrest – processing time
Fidelcrest quick deposit can be made via wire transfer or direct bank transfer. It will take a few minutes for the money to be credited to your account. MasterCard transactions can also be completed promptly.
Account currencies at Fidelcrest
Fidelcrest lets you select Euro as the default currency. However, you will be charged a currency conversion fee if you choose other currencies.
How to deposit money on Fidelcrest? Step-by-step guide
There are a few steps to opening an account and depositing funds.
Step 1
Log on to the official website to start the registration process. On the interface, click the Sign-Up or Start Now button.
Step 2
Fill out the online registration form with your name, phone number, and email address. During registration, choose your nation or current location.
Step 3
Fidelcrest will send you an email with an automatically generated password. Use the password for the first time, and then change it.
Step 4
Locate the main page of the website and fill out the form.
Step 5
Create a user account and select an account type, risk mode, and virtual deposit amount.
The final step is to pay the subscription fee. You will have access to billing data, personal data, personal bank data, analytical data, and the Leaderboard through your account.
Pros of low minimum deposit.
Lower risk
Forex and CFD trading carries significant risks, which presents a barrier for new traders because many of them cannot afford to risk large amounts. However, with low minimal deposit thresholds, new investors can afford to trade and risk according to their ability.
Access
Another advantage of minimum deposit brokers is that you can experiment with several markets and spread your pot across multiple assets.
Cons of Minimum deposit
Using a Lot of Leverage
One of the primary downsides of using brokers with low minimum deposits is that you must use a lot of leverage, which is quite hazardous. Aside from the risk of losing your entire account value, you may also encounter a negative balance if the broker does not have a negative balance policy in place.
Profitability is restricted.
The smaller your trading commitment, the smaller your profit. If you select brokers with a low minimum deposit, you may commit less money.