In this article, we will be making a general and two-step comparison between My Forex Funds and Fidelcrest.
My Forex Funds & Fidelcrest Two-step Comparison
In this article, we will be making a general and two-step comparison between My Forex Funds and Fidelcrest. We will compare the two mentioned proprietary trading firms in general and what they are offering to forex traders worldwide.
Company Details
| Company Details | My Forex Funds | Fidelcrest |
|---|---|---|
| Incorporation Date | July 2020 | September 2018 |
| CEO | Murtuza Kazmi | Jussi Hallikas |
| Office Location | Toronto, Canada | Nicosia, Cyprus |
| Maximum Allocation Capital | 2x $300,000 | 2x $1,000,000 |
My Forex Funds and Fidelcrest are both reliable and trustworthy proprietary trading firms. My Forex Funds was incorporated in July 2020, while Fidelcrest started operating in September 2018. When it comes to CEOs, Murtuza Kazmi is the CEO of My Forex Funds, while Fidelcrest is being run by Jussi Hallikas. My Forex Funds has offices located in Toronto, Canada, while Fidelcrest has its headquarters in Nicosia, Cyprus. And lastly, when it comes to the maximum allocation capital, traders can manage 2x $300k two-step evaluation accounts with My Forex Funds, while with Fidelcrest, traders can obtain funding up to 2x $1,000,000.
Funding Program Options
| Funding Program Options | My Forex Funds | Fidelcrest |
|---|---|---|
| One-step Evaluation | ✅ | ❌ |
| Two-step Evaluation | ✅ | ✅ |
| Instant Funding | ✅ | ❌ |
My Forex Funds and Fidelcrest both offer multiple funding programs to forex traders worldwide. My Forex Funds offers a unique one-step evaluation, a two-step evaluation, and an instant funding program. Fidelcrest, on the other hand, offers a two-step evaluation.
That being said, let’s take a look at the comparison of the two-step evaluation programs.
Two-step Comparison:
| Trading Rules/Objectives | My Forex Funds | Fidelcrest (Normal) | Fidelcrest (Aggressive) |
|---|---|---|---|
| Phase 1 Profit Target | 8% | 10% | 15% or 20% |
| Phase 2 Profit Target | 5% | 5% or 10% | 15% or 20% |
| Daily Drawdown | 5% | 5% | 10% |
| Overall Drawdown | 12% | 10% | 20% |
| Leverage | 1:100 | 1:100 up to 1:200 | 1:100 up to 1:200 |
| Minimum Trading Days | 5 calendar days | No minimum trading days | No minimum trading days |
| Trading Period | Step 1: Unlimited Step 2: Unlimited | Step 1: 60 Calendar Days Step 2: 60 Calendar Days (Unlimited with add-on) | Step 1: 60 Calendar Days Step 2: 60 Calendar Days (Unlimited with add-on) |
| Profit split | 75% up to 90% | 80% | 90% |
Now that we have covered all the rules and guidelines of the two-step evaluation. Let’s take a closer look at prices.
| Account Size | My Forex Funds | Fidelcrest (Normal) | Fidelcrest (Aggressive) |
|---|---|---|---|
| $5,000 | $49 | ❌ | ❌ |
| $10,000 | $84 | ❌ | ❌ |
| $15,000 | ❌ | €99 | €199 |
| $20,000 | $139 | ❌ | ❌ |
| $30,000 | ❌ | €199 | €299 |
| $50,000 | $299 | ❌ | ❌ |
| $60,000 | ❌ | €299 | €399 |
| $100,000 | $499 | ❌ | ❌ |
| $200,000 | $979 | ❌ | ❌ |
| $250,000 | ❌ | €999 | €1,999 |
| $300,000 | $1,389 | ❌ | ❌ |
| $500,000 | ❌ | €1,899 | €3,499 |
| $1,000,000 | ❌ | €2,999 | ❌ |
Brokers & Trading Platforms
After covering all the trading objectives, rules, and pricing, let’s take a closer look at brokers and trading platforms that we can use with each proprietary trading firm.
| My Forex Funds | Fidelcrest | |
|---|---|---|
| Broker | Traders Global Group | Foreign Exchange Clearing House |
| Trading platform | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 |
Trading Instruments
Another important factor when comparing proprietary trading firms is trading instruments. Below you can see which trading instruments we can trade with My Forex Funds and Fidelcrest.
| Trading Instrument | My Forex Funds | Fidelcrest |
|---|---|---|
| Forex Pairs | ✅ | ✅ |
| Commodities | ✅ | ✅ |
| Indices | ✅ | ✅ |
| Stocks | ❌ | ✅ |
| Crypto | ✅ | ✅ |
Community Feedback
The last topic we will go through is community feedback from My Forex Funds and Fidelcrest. We will be looking at feedback from Trustpilot regarding both proprietary trading firms.
| Trustpilot Statistics | My Forex Funds | Fidelcrest |
|---|---|---|
| Rating | 4.8/5 | 4.6/5 |
| Number of Reviews | 16,913 | 1,013 |
My Forex Funds has a rating of 4.8/5 out of a total of 16,913 reviews, while Fidelcrest has a rating of 4.6/5 out of 1,013 reviews. Based on the statistics, we can clearly see that My Forex Funds is the more popular proprietary trading firm at the moment.
Conclusion
In conclusion, My Forex Funds and Fidelcrest are two excellent proprietary trading firm choices for any trader. We can see some clear differences regarding the trading rules and objectives, prices, and community feedback. In addition, we can also see that there is a difference regarding funding program options since My Forex Funds offers the following three: one-step evaluation, two-step evaluation, and instant funding. On the other hand, Fidelcrest offers a two-step evaluation.
We will be ending the comparison with our special discount codes for each of the two compared proprietary trading firms. You can find both discount codes below!
My Forex Funds 5% active discount code: forexpropreviews5
Fidelcrest 15% active discount code: FPR-15
This comparison was lastly updated on 11.08.2023 at 12:35 (CE(S)T).
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