(Newswire.net — May 22, 2023) —
Prop trading firms can be an excellent resource for aspiring traders who don’t have the capital to trade significant sums of money on their own. These organizations provide a road to success for talented traders with a thorough understanding of financial market patterns by providing financed stock trading accounts.
Prop traders can make very profitable trades and expedite their route to financial independence by having access to advanced modeling and trading tools and pools of market information.
However, with so many prop trading businesses and platforms, locating one that matches your needs and interests can be challenging. That is why Trader Union expert examined a list of the finest prop trading firms, considering variables such as minimal fee structure, access to varied markets and tradable assets, and acceptable risk contribution and profit splits, and recommended the Fidelcrest funded account program as the best.
Traders Union experts explained the Fidelcrest funded account program and how to become a funded trader.
How to Become a Funded Trader
According to Traders Union, to become a funded trader with Fidelcrest, you must first complete the following steps:
· Create an account: Finish the registration process by opening a Fidelcrest trading account. Select a strategy.
· Pass the evaluation process: Fidelcrest assesses traders based on their knowledge and expertise. To be eligible for funding, you must first pass their evaluation process.
· Get Funded: Fidelcrest will supply you with funding to trade if your evaluation and trading plan is approved.
· Trade and develop your account: To trade and grow your account, use the Fidelcrest financed trading account. Fidelcrest will track your trading performance and alter the financing amount accordingly.
How does it take to become a Funded trader
Traders Union explained that traders have 30 days to become funded under the Fidelcrest funded account program. The bare minimum of trade days is one. They can become funded traders if traders do not exceed the daily dropdown limit and secure the 5% profit in Phases 1 and 2.
It is essential to understand that being a Fidelcrest supported trader is a competitive procedure, and not all candidates will be accepted. To maximize your chances of approval, thoroughly prepare your trading plan and demonstrate your trading skills and experience.
Fidelcrest audition review
Traders Union experts revealed two types of Fidelcrest funded programs: Pro Trader and Micro Trader. Each is further subdivided into two categories based on the risks: Normal Risk and Aggressive Risk; the trader can select one of these. To secure the capital, they must make the required deposit.
· Individual traders in the Normal risk account will be able to secure an 80% profit with a 20% stake in the company.
· However, with the Aggressive Risk account, the individual can secure a profit of 90% while sharing the remaining 10% with the corporation.
If you become a funded trader with Fidelcrest, you will receive a 25% capital increase every three months. However, you must meet the conditions and demonstrate your status as a funded trader. If you wish to expand your capital by 25%, you must not lose more than 5% daily. If you do this, you will be considered a failure and unable to continue with your financed challenge. As a result, you must restart at Stage 1.
To qualify for the 25% increase, you must earn a 15% profit on your capital for three months (5% per month). To obtain the raise, you must meet these requirements. You will receive the capital increase as soon as you meet the criteria.
How much can I attract as a Funded Trader?
According to Traders Union, the amount of money a trader can attract as a funded trader with Fidelcrest is determined by numerous aspects, including trading experience, trading account size, and performance.
Fidelcrest normally funds traders with a percentage of the capital they require to trade, with the amount of financing determined by the trader’s performance and risk management plan.
It is crucial to emphasize that Fidelcrest’s support is not a debt and does not have to be repaid. Instead, the trader must pay Fidelcrest a percentage of their gains as a performance fee. The performance fee is often calculated as a proportion of the trader’s profits and is used to pay the costs of supplying the capital.
As a trader, you can secure up to $1,000,000 in capital in your funded account, increasing by 25% if you meet the conditions. The capital you can obtain by participating in the funded trader program is as follows:
· $150,000
· $250,000
· $500,000
· $1,000,000
You can manage up to $2,000,000 if your account grows and you stick to your profit strategy.