In the past year, crypto prop firms provided over $359 million in funding to aspiring traders. For many, it was the break they desperately needed.
The volatile yet lucrative world of cryptocurrency trading presents a tantalizing opportunity for traders seeking to capitalize on market swings. However, the substantial capital requirements and high risks often deter aspiring crypto traders. This is where crypto prop firms enter the frame, serving as the bridge between traders and the dynamic crypto markets.
By providing access to advanced trading infrastructure, sophisticated tools, and most importantly – capital, these firms empower traders to unlock their potential. In this article, we explore the expanding universe of crypto prop trading.
Exploring the unique proposition offered by these firms, we highlight the benefits of collaborating with established industry players. Furthermore, we evaluate some of the leading crypto prop firms, analyzing their offerings, fee structures, account types, and more. The aim is to equip you with the knowledge to determine the best fit for your trading style as you embark on your funded trading journey.
So let's begin unraveling the world of crypto prop trading.
What are Crypto Prop Firms?
Crypto prop trading firms, or cryptocurrency proprietary trading firms, are companies that provide traders with the platform, resources, and funding needed to trade cryptocurrencies. These firms offer a unique proposition, combining the benefits of a prop trading environment with the dynamic nature of cryptocurrencies, empowering traders to unlock their full potential and achieve financial success in the ever-evolving industry.
Traders leverage the firm’s capital to engage in trades, circumventing the need for personal investment, and in exchange, the firm receives a portion of the earnings generated from the trades.
🪙 10 Best Crypto Prop Firms to Consider
| Crypto Prop Firms | Features |
|---|---|
| Fidelcrest | Basic, Advanced, Pro, and Elite, each with different profit targets, drawdown limits, and subscription fees |
| The Trading Pit | Global multi-asset proprietary trading firm dedicated to redefining standards in trading and investing |
| FTMO | Traders can use popular platforms such as MT4, MT5, DXtrade, and cTrader |
| SurgeTrader | Provides an opportunity for traders to showcase their abilities and potentially manage a virtual account of up to $1 million |
| The Funded Trader | No minimum trading days for Rapid accounts |
| E8 Funding | Provides three different programs to choose from: E8 evaluation program accounts, ELEV8 program accounts, and E8 Track program accounts |
| City Traders Imperium | No minimum trading days and unlimited time limits for the evaluation stage |
| FundYourFX | Offers funding for Forex instruments and assets such as Forex pairs, commodities, indices, stocks, and cryptocurrencies |
| Crypto Fund Trader | Instant funding with no evaluation, allowing traders to begin trading immediately with real funds |
| The Trading Combine | Fast payout processing and trader certificate upon completion |
1. Fidelcrest
Fidelcrest is a proprietary trading firm based in Nicosia, Cyprus, founded in 2018. It offers a trading challenge that allows traders to showcase their skills and potentially manage account sizes ranging from $250,000 to $1,000,000 for the “Pro Trader” or $15,000 to $60,000 for the “Aggressive” trading challenge.
The firm provides high profit-split percentages, with traders having the opportunity to trade various products, including forex, indices, metals, commodities, stocks, and cryptocurrencies. Fidelcrest's platform is designed to be user-friendly, with an intuitive interface and mobile optimization.
The company's trading challenge is known for its unique features and benefits, making it a popular choice for traders looking to evaluate, train, and maximize their trading potential.
Key Features of Fidelcrest
- Basic, Advanced, Pro, and Elite, each with different profit targets, drawdown limits, and subscription fees.
- Supports a wide range of trading instruments, including Forex, CFDs, Futures, and Stocks, with more than 80 currency pairs, 10 indices, 7 commodities, and 4000 stocks from 20 global exchanges.
- Strict rules and restrictions, such as not being able to trade during news releases or using certain trading strategies.
- The progressive growth model allows traders to increase their account size as they meet specific requirements.
- Access to a supportive community of traders and mentors.
2. The Trading Pit
The Trading Pit is a global multi-asset proprietary trading firm dedicated to redefining standards in trading and investing. It offers challenges to identify and support talented traders, enabling them to trade futures and Forex using the firm's capital.
The company is officially registered and headquartered in Liechtenstein, with a focus on providing a supportive and transparent trading environment. The firm supports several major trading platforms and special solutions for prop trading, and it is known for its user-friendly website and mobile platform optimized for mobile devices.
The Trading Pit is one of the youngest proprietary trading firms, offering a unique opportunity for traders to showcase their skills and potentially manage significant account sizes.
Key Features of The Trading Pit
- A global multi-asset proprietary trading firm dedicated to redefining standards in trading and investing.
- Offers challenges to identify and support talented traders, enabling them to trade futures and Forex using the firm's capital.
- Headquartered in Liechtenstein, with a focus on providing a supportive and transparent trading environment.
- Supports 9 of the most popular trading platforms, including MetaTrader 4 and MetaTrader 5.
- Offers futures, Forex, and over 500 CFDs, with plans to add stocks and cryptocurrencies soon.
- Offers a user-friendly website and mobile platform optimized for mobile devices.
3. FTMO
FTMO is a modern proprietary trading firm that offers a unique 2-step evaluation process for traders. The evaluation process consists of an FTMO Challenge and a Verification, and upon successful completion, traders are offered to trade on an FTMO Account with a balance of up to $200,000.
The firm supports Forex, futures, and over 500 CFDs, and traders can use the most popular trading platforms, including MT4, MT5, DXtrade, and cTrader. FTMO offers a mobile app that helps traders level up their trading every day, and traders can easily monitor their trading objectives in the Account MetriX while staying focused on trading.
The firm's payout system allows traders to request payout on-demand, and the payout can be processed just after 14 days. The default payout ratio for all FTMO Traders is set to 80%, and traders can even try the entire process completely free of charge.
Key Features of FTMO
- Unique 2-step Evaluation Process.
- Offers a payout ratio for traders, with the default set to 80% and the potential to increase to 90% under certain conditions.
- Supports Forex, futures, and over 500 CFDs.
- Traders can use popular platforms such as MT4, MT5, DXtrade, and cTrader. ∙ Provides a mobile app for traders to monitor their trading objectives.
- Traders can request payout on-demand, with the ability to choose their own Profit Split Day.
4. Surge Trader
SurgeTrader is a virtual trading proprietary firm that offers funded trader accounts, allowing traders to capitalize on their skills and amplify their returns with a virtual funded prop trading account. Traders can keep up to 90% of the profits and trade a virtual account with simple rules and no time limits.
SurgeTrader provides an opportunity for traders to showcase their abilities and potentially manage a virtual account of up to $1 million, keeping the majority of the generated gains. The firm's program is designed to supercharge traders' earning power and offers a user-friendly virtual trading experience with the potential for high-profit retention.
Key Features of Surge Trader
- A virtual trading proprietary firm offering funded trader accounts.
- Traders can keep up to 90% of the profits and trade a virtual account with simple rules and no time limits.
- Provides an opportunity for traders to showcase their abilities and potentially manage a virtual account of up to $1 million.
- User-friendly virtual trading experience with the potential for high-profit retention.
- No commissions for withdrawing money.
- Supports trading in currency pairs, cryptocurrencies, commodity market assets, and stock assets.
- Easy-to-use proprietary trading dashboards.
5. The Funded Trader
The Funded Trader is an online demo simulated trading evaluation firm that provides clients with the ability to complete an assessment and prove their simulated trading skills in an environment that poses no risks to them for the price of the upfront fee paid for the evaluation.
Once a client successfully completes all of the simulated trading objectives and proves their skills, their results are verified, and they move forward to becoming a Funded trader. Funded traders are provided with a demo account with virtual funds, and the firm offers a payout of up to 95% of the profits earned.
The Funded Trader is designed to be a simple and risk-free way for traders to prove their skills and potentially earn live funding based on their trading performance in simulated accounts.
Key Features of The Funded Trader
- Online demo simulated trading evaluation firm.
- Competitive profit splits Up to 95% of the profits earned.
- No minimum trading days for Rapid accounts.
- Frequent promotions and discounts.
- Wide range of account types and conditional rates.
- Popular trading platforms such as MT4, MT5, and TradingView.
6. E8 Funding
E8 Funding is a proprietary trading firm based in the USA, with offices in Dallas, Texas, and Prague, Czech Republic. It offers traders worldwide funding of up to $1,000,000 with an 80% profit split.
The company provides three different programs to choose from: E8 evaluation program accounts, ELEV8 program accounts, and E8 Track program accounts. Traders are required to complete industry-standard evaluation challenges to qualify for funding. The firm offers bi-weekly payouts with no minimum profit targets and accepts clients from the USA.
The firm allows weekend trading on all accounts, including funded accounts, and supports trading in Forex and other instruments. E8 Funding is known for its innovative and accessible trading platforms, as well as its unique risk scaling and payout policies. The company was founded on November 5, 2021, and is a legitimate proprietary trading firm with straightforward trading rules.
Key Features of E8 Funding
- Offers traders worldwide funding of up to $1,000,000 with an 80% profit split. ∙ Provides three different programs to choose from: E8 evaluation program accounts, ELEV8 program accounts, and E8 Track program accounts.
- Supports trading in Forex, commodities, indices, equities, and cryptocurrencies. ∙ Provides a user-friendly experience and top-notch technology, including the E8X Dashboard.
- Offers bi-weekly payouts with no minimum profit targets.
- Allows weekend trading on all accounts, including funded accounts.
7. City Traders Imperium
City Traders Imperium is a proprietary trading firm that provides capital for trading, not for investing. It offers a range of funded trader programs and an educational platform for traders worldwide.
The firm provides a unique 2-step evaluation process, with no minimum trading days and unlimited time limits. Traders can use MetaTrader 5 and a third-party broker, and the firm offers a range of funding programs, including day trading, standard evaluation, classic evaluation, and direct funding.
City Traders Imperium allows traders to trade Forex, commodities, indices, equities, and cryptocurrencies, and it offers a generous profit-sharing model of up to 100%. The firm accepts various payment methods, including bank transfer, PayPal, Revolut, Wise, and Bitcoin.
Key Features of City Traders Imperium
- Provides capital for trading, not for investing.
- Offers a range of funded trader programs and an educational platform for traders worldwide.
- Supports trading in Forex, commodities, indices, equities, and cryptocurrencies. ∙ Generous profit-sharing, with up to 100% of the net profit.
- No minimum trading days and unlimited time limits for the evaluation stage. ∙ Flexible profit share and funding plans.
- Compatibility with various trading styles and strategies.
- Offers 33 successful strategies developed by the firm's experts.
8. FundYourFX
FundYourFX is a proprietary trading firm that offers traders the opportunity to trade the company's funds for a share of the profits. The firm provides a funded program for traders to prove their skills and offers funding for Forex instruments and assets such as Forex pairs, commodities, indices, stocks, and cryptocurrencies.
FundYourFX provides instant funding with no evaluation, allowing traders to begin trading immediately with real funds. The firm offers up to 90% profit split, increasing with account growth, and traders can trade with zero risk, as losses are not the trader's responsibility. FundYourFX has a refundable fee policy, and fees are refundable after a 10% profit three times.
The firm offers different plans, including a starter plan, and accepts various payment methods. FundYourFX has a strong customer support team and provides trading education and tips to traders.
Key Features of FundYourFX
- Provides funding for traders to trade the company's funds for a share of the profits. ∙ Offers funding for Forex instruments and assets such as Forex pairs, commodities, indices, stocks, and cryptocurrencies.
- Instant funding with no evaluation, allows traders to begin trading immediately with real funds.
- Up to 90% profit split, increasing with account growth.
- Charitable options for traders to contribute to social good while trading. Offers different plans, including a starter plan, and accepts various payment methods.
9. Crypto Fund Trader
Crypto Fund Trader is a proprietary trading firm that offers a funded program for traders to prove their skills and trade crypto, forex, indices, commodities, and stocks with demo money. Upon passing a two-phase exam, traders can be funded with up to $200,000 and earn 80% of their profits.
The firm provides a 1:100 leverage, a variety of account sizes, and a choice between 1-step and 2-step evaluation processes. It offers a wide range of instruments and a proprietary platform, as well as the widely-known MT5. The firm's website is fast, convenient, and easy to learn, and it provides a spectrum of entry points for traders.
Additionally, it accepts various payment methods, including bank transfer, Visa, Mastercard, and cryptocurrency. The firm is based in Spain and is led by CEO Alan Sanchez.
Key Features of Crypto Fund Trader
- Provides a funded program for traders to prove their skills and trade crypto, forex, indices, commodities, and stocks with demo money.
- Provides a proprietary platform and the widely-known MT5.
- Provides a 1:100 leverage, a variety of account sizes, and a choice between 1-step and 2-step evaluation processes.
- Supports trading in a wide range of instruments, including crypto, forex, indices, commodities, and stocks.
- Instant funding with no evaluation, allows traders to begin trading immediately with real funds.
10. The Trading Combine
The Trading Combine is an experiential learning and evaluation program for futures traders. It offers traders the opportunity to grow and test their skills in simulated markets, and earn funding if they pass the evaluation process. The program aims to help traders build better skills, discipline, and habits while being evaluated for funding.
Traders can access various resources, such as TopstepX™, a trading platform built for prop firm traders, and receive support from a strong community. The Trading Combine is designed to be a realistic simulation of trading under actual market conditions, making it challenging even for experienced traders to pass.
Key Features of The Trading Combine
- Experiential learning and evaluation program for futures traders.
- Provides traders with a structured and disciplined approach to trading.
- Sets specific performance targets such as profit targets and risk limits.
- Real-time market data for accurate representation of market conditions. Access to TopstepX™, a trading platform built for prop firm traders.
- Offers multiple accounts and a simple payout policy.
- Fast payout processing and trader certificate upon completion.
Crypto Trading Emergence in Trading Ecosystem
Crypto trading in 2024 is witnessing several emerging trends. Despite a challenging previous year, Bitcoin and Ethereum have shown resilience, with their values increasing by 63% and 40% respectively. The crypto market maintains a $1.77 trillion market cap, with 320 million global users. The anticipated approval of a spot Bitcoin ETF could potentially increase Bitcoin's price by 123% within a year.
Artificial Intelligence (AI) is becoming increasingly integrated into crypto trading, with algorithmic trading gaining popularity. Non-fungible tokens (NFTs) are also resurging, with search interest growing by over 800% in the last five years.
Real-world asset tokenization is another trend to watch, with 72% of finance leaders planning to adopt tokenization in their operations. The total market capitalization of the global cryptocurrency market peaked at over $2.8 trillion, indicating a growing acceptance of crypto as a mainstream investment.
Institutional adoption is also on the rise, with heavyweight asset managers like BlackRock and Fidelity entering the crypto market. These trends indicate a promising future for crypto trading in 2024.
FAQs Related to Crypto Prop Firms
Is Crypto Fund Trader a legitimate platform?
Crypto Fund Trader is a legitimate platform that offers a funded program for traders to prove their skills and trade various instruments with demo money. It provides funding and profit-sharing opportunities, as well as support for different payment methods.
What are the advantages of using Crypto Fund Trader?
The advantages of using Crypto Fund Trader include access to a wide range of tradable instruments, a funded program for traders, a high-profit share, and support for multiple payment methods.
How do Crypto Prop Firms Evaluate Traders?
What are the Risks of Trading with a Crypto Prop Firm?
What Profit Split Can I Expect with a Crypto Prop Firm?
How Much Capital Can I Access Through a Crypto Prop Firm?
Wrapping Up on Best Crypto Prop Firms
Crypto prop trading firms equip traders with essential resources and funding to navigate the dynamic crypto market. With advanced tools and a secured capital pool, these firms provide a unique proposition, merging the advantages of prop trading environments with the ever-evolving nature of cryptocurrencies.
This empowerment enables traders to unlock their full potential and strive toward financial success in this dynamic industry.
