- What Are Cryptocurrencies?
- What Are Crypto Prop Firms?
- Our Top Crypto Prop Trading Firms
- Comparison Table of Crypto Prop Firms
- FTMO
- The Funded Trader
- SurgeTrader
- Fidelcrest
- How to Choose the Best Crypto Prop Firms?
- Final Thoughts
Are you a crypto trader looking for the best prop trading firm to make more money and advance your trading to the next level? Selecting the correct prop firm involves careful consideration of various essential factors which we will cover in this guide.
The crypto prop firm’s reputation and track record, including its past success and the markets it specialises in, must be taken into account first. To help try and ensure your success, you’ll also need to discover which prop firm provides the highest profit share, most flexible trading conditions and achievable objectives.
That being said, how can you know which crypto prop trading firm is the best? Fortunately, we’ve done all of the homework for you and are ready to assist! For a detailed explanation of the top crypto prop trading firms and tips on how to choose one, continue reading.
Crypto Prop Trading Firms
What Are Cryptocurrencies?
Unless you have been living under a rock the past few years, you would no doubt have heard about cryptocurrencies. These are essentially digital currencies that are used as a store of value. Whilst the majority of cryptocurrencies are used for speculation by traders and investors, they can also be used to buy and sell goods or services.
The use of encryption technologies means that cryptocurrencies function both as a currency and as a virtual accounting system. Cryptocurrencies don’t have a central issuing or regulating authority, instead using a decentralized system to record transactions and issue new units.
There are numerous ways to try and make money in cryptocurrency, ranging from investing to active trading to staking. To own cryptocurrencies, you need a cryptocurrency wallet or account. However, with a trading broker you can speculate on the falling or rising prices of a cryptocurrency without actually needing to own it.
Crypto Prop Trading Firms
What Are Crypto Prop Firms?
Crypto prop firms function just like any other prop firms with the added advantage of allowing you to trade cryptocurrencies including Bitcoin and Ethereum. You can take part in a trading challenge which has certain profit target and other objectives that you need to try and achieve within a specified timeframe. Some prop firms have a one-step evaluation process and others require two or more for confirmation.
Should you succeed and pass the evaluation process, the prop firm will give you a funded account to trade their capital and take a share of the profits. This means any skilled traders can have access to a greater amount of capital which makes prop firms a popular choice for anyone who may have the talent, but not the funds to back them. If you can already prove that you have had consistent results for a prolonged period of time, then a prop firm with instant funding might be worth consideration.
As with other asset classes across the global derivatives market, proprietary trading firms have been early adopters of crypto derivatives. Specialist crypto prop firms most commonly began trading both simultaneously whilst almost half of traditional prop firms traded spot prior to trading derivatives.
Crypto Prop Trading Firms
Our Top Crypto Prop Trading Firms
FTMO Review
FTMO is an award-winning prop trading firm where you can take part in challenges to qualify to trade the company’s capital and receive up to $2 million in funds and keep 90% of profits. The company provide you with support along the way and will even cover the losses.
9.5
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The Funded Trader Review
The Funded Trader is a popular prop trading firm where aspiring traders can potentially unlock up to $600k accounts to become professional traders and earn a 90% share of the profits.
9
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SurgeTrader Review
SurgeTrader accelerates your path to becoming a professional trader by putting real capital into live accounts for you to trade. They have a good variety of funded trader programs where you can keep up to 90% of the profits if you successfully pass the audition phase and scale up to $500K.
9
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Fidelcrest Review
Prop trading firm Fidelcrest has great training programmes and offers funded accounts up to $2,000,000 with scaling and a 90% profit share. The company also has a rigorous validation process to qualify aspiring investors.
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Crypto Prop Trading Firms
Comparison Table of Crypto Prop Firms
Crypto Prop Trading Firms
FTMO
FTMO is a prop firm that seeks to identify fresh trading talents by giving them the resources they require to expand their accounts. Its headquarters are in the Czech Republic, and it adheres strictly to European financial regulations.
This prop firms range of trading products includes forex, cryptocurrencies, indices, equities, commodities, and bonds. It also offers some of the leading trading platforms in cTrader, MetaTrader 4, and MetaTrader 5, along with some handy trading tools that are designed to help you with risk management and profit maximization.
| Step 1. FTMO Challenge | Step 2. Verification | Step 3. FTMO Trader | |
|---|---|---|---|
| Trading Period | 30 days + 14 days | 60 days | indefinite |
| Minimum Trading Days | 10 days | 10 days | x |
| Maximum Daily Loss | $500 | $500 | $500 |
| Maximum Loss | $1,000 | $1,000 | $1,000 |
| Profit Target | $1,000 | $500 | x |
| Free Repeat | Yes | Yes | x |
| Refundable Fee | €155 | free | refund |
Traders can get up to $400,000 in funding with a leverage of 1:100 and keep up to 80% of the earnings when they start trading with FTMO. With such a favourable profit share, skilled traders may earn profits from trading cryptocurrencies with the most trusted and reputable prop trading firm in the industry.
The two-step FTMO evaluation procedure is used to assess potential traders. The FTMO challenge is the first step. Depending on your money and amount of risk, you will be required to pay a charge for this process.
To complete the challenge, you must make at least 10% profit in 30 days. Upon completion of this step, each new trader must go through the verification procedure, which essentially has the same guidelines as the challenge. After the first profit split, the challenge fee you paid will be reimbursed to you if you are successful in becoming a funded trader.
If you are unsuccessful, however, the cost will not be reimbursed, and you will be required to pay again if you still wish to trade on FTMO. Moreover, under FTMO’s development plan, every trader can get up to a 25% capital increase every four months if they have generated at least 10% in profits during the previous four months. You may expand indefinitely, and a successful trader can manage up to $600,000 within a year.
Pros
- One-time fee only (no recurrent charges or other fees)
- No limits or restrictions on your trading style
- Choice of platforms (MT4, MT5, cTrader)
- Access to some handy trading apps designed to help you with risk management and profit maximization
- Trade Forex, Commodities, Indices, Crypto, Stocks, Bonds
- No limits on the volume traded (lot size)
- Leverage up to 1:100
- FTMO’s scaling plan allows their most skilled traders access to up to $2 million of trading capital
- A thorough account analysis for every account
- The fee will be reimbursed to you with the first Profit Split
- Customer Support in 17 languages
- The most trusted and reputable Prop Trading Firm in the industry
- So many traders have used FTMO over the years that there is an incredible amount of trader-generated resources available, including lots of great advice on how to pass the FTMO Challenge
Cons
- Strict requirements for the test period
- Steep 10% profit target for the first step of the FTMO evaluation, however, it eventually drops to 5% for the second verification stage
- FTMO keeps all traders on demo accounts, even those that have passed the FTMO Challenge and become fully funded
- In order to receive a funded account, traders must first pass the FTMO Challenge, followed by a verification stage
9.5
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Crypto Prop Trading Firms
The Funded Trader
The Funded Trader is a good prop firm for crypto traders who need capital. It offers multiple program options, impressive profit splits, and monthly competitions. You can trade popular cryptocurrencies in USD pairings including Bitcoin, Bitcoin Cash, Litecoin, and Ethereum.
Depending on the type of account you have and whether it is a funded account or in the challenge phase, The Funded Trader only permits a maximum leverage of 1:2. For instance, whether the account is funded or in the challenge phase when you participate in the Standard challenge with a normal account, you may apply 1:2 leverage. But, in the regular challenge, the swing account may only employ 1:1 leverage during the challenge period and after you have received funding.
The good news is that The Funded Trader doesn’t charge commissions when you trade cryptocurrency, so at least you won’t have to pay that additional sum. This prop trading firms utilises some of the top trading brokers to facilitate transactions including Purple Trading and Eightcap.
| Swing | 50K | 100K | 200K |
|---|---|---|---|
| Account Balance | $50,000 | $100,000 | $200,000 |
| Challenge Leverage | 1:30 | 1:30 | 1:30 |
| Minimum Trading Days | 0 | 0 | 0 |
| Phase 1 Target (35 Days) | $4,000 USD (8%) | $8,000 USD (8%) | $16,000 USD (8%) |
| Phase 2 Target (60 Days) | $2,500 USD (5%) | $5,000 USD (5%) | $10,000 USD (5%) |
| Max Loss | $4,000 USD (8%) | $8,000 USD (8%) | $16,000 USD (8%) |
| Max Daily Loss | $2,500 USD (5%) | $5,000 USD (5%) | $10,000 USD (5%) |
| Profit Split | 80% | 90% with Scaling | 80% | 90% with Scaling | 80% | 90% with Scaling |
| Weekend trading | Yes | Yes | Yes |
| Refundable Fees | $299 USD | $499 USD | $899 USD |
| Regular | 50K | 100K | 200K |
|---|---|---|---|
| Account Balance | $50,000 | $100,000 | $200,000 |
| Challenge Leverage | 1:100 | 1:100 | 1:100 |
| Minimum Trading Days | 0 | 0 | 0 |
| Phase 1 Target (35 Days) | $4,000 USD (8%) | $8,000 USD (8%) | $16,000 USD (8%) |
| Phase 2 Target (60 Days) | $2,500 USD (5%) | $5,000 USD (5%) | $10,000 USD (5%) |
| Max Loss | $4,000 USD (8%) | $8,000 USD (8%) | $16,000 USD (8%) |
| Max Daily Loss | $2,500 USD (5%) | $5,000 USD (5%) | $10,000 USD (5%) |
| Profit Split | 80% | 90% with Scaling | 80% | 90% with Scaling | 80% | 90% with Scaling |
| Weekend trading | Yes | No | No |
| Refundable Fees | $299 USD | $499 USD | $899 USD |
Purple Trading prohibits weekend cryptocurrency trading, whereas Eightcap only permits weekend cryptocurrency trading during Phases 1 and 2 of the challenge. Once you receive funding, Eightcap completely prohibits you from trading cryptocurrency. Thus, choose carefully.
Although you cannot pay your challenge or registration cost with cryptocurrency, you can use ERC20 addresses to receive payments in the digital currency. You won’t have any trouble getting your profit share via cryptocurrency which can go all the way up to 90% for the top prop traders.
Pros
- Maximum balance of standard accounts up to $600,000
- Scaling plan with balance up to $1,500,000
- Arranges exciting events, rewards and competitions
- High leverage for trading forex up to 1:200
- Achievable profit and drawdown targets
- 90% profit split on scaling plan
- Unlimited evaluation free retries
- Large range of trading instruments
- Overnight and weekend holding allowed
- Good variety of challenges to choose from
- Trade on both the MetaTrader 4/5 platforms
Cons
- No free trial
- Very strict trading conditions
- Funded with demo account and virtual funds
- Lack of educational content
- Overwhelming rules and restrictions
9
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Crypto Prop Trading Firms
SurgeTrader
SurgeTrader is a top proprietary trading firm that provides capital to skilled traders. It offers simple rules, optional add-ons, and multiple packages for you to choose from depending on your individual needs. While it has some minor flaws, SurgeTrader is an excellent overall option for crypto traders.
SurgeTrader provides a broad range of tradable instruments across multiple asset classes including Forex, select equities, major stock market indices, oil, metals and cryptocurrencies. Leverage on Forex, Metals, Oils, and Indices is up to 10:1. Leverage for individual stocks is 5:1. Leverage for cryptocurrencies is 2:1. At checkout, traders may tack on an increase in leverage of 20:1 for FX and metals.
Their partner broker Eightcap is regulated and offers all of the trading platforms and financial instruments. You can trade on the industry standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms with top trading conditions including tight spreads, low fees and reliable trade execution speeds at the best available prices.
| Starter – $25K | Intermediate – $50K | Seasoned – $100K | Advanced – $250K | Expert – $500K | Master – $1M | |
|---|---|---|---|---|---|---|
| Account Type | Standard | Standard | Standard | Large | Large | Large |
| Profit Share | 75% | 75% | 75% | 75% | 75% | 75% |
| Profit Target (10%) | $2,500 | $5,000 | $10,000 | $25,000 | $50,000 | $100,000 |
| Daily Loss Limit | 4% | 4% | 4% | 4% | 4% | 4% |
| Max Trailing Drawdown | 5% | 5% | 5% | 5% | 5% | 5% |
| Audition Fee | $250 | $400 | $700 | $1,800 | $3,500 | $6,500 |
You must finish SurgeTrader’s trading challenge by keeping inside the rules, pay a one-time, non-refundable cost that ranges from $250 for $25,000 capital (Starter plan) to $6,500 for $1,000,000 capital (Master plan). The profit goals are 10%, the maximum daily drawdown is 4% and the maximum trailing drawdown is 5%. If you can do this without having to trade for a minimum number of days, your SurgeTrader audition will go well.
For trading the 135 plus cryptocurrency and USD pairings that are now on SurgeTrader’s permitted list, 1 coin is equivalent to 1 lot. The pace of gains, however, may be a bit delayed due to the leverage maximum of 1:2, which might persuade you to enter trades with a greater time frame in mind. There are also no restrictions on how many different trades may be made throughout the 30-day evaluation period.
Once you are funded, however, you have the option of either starting to trade with your funded account or continuing the audition process in order to make an additional 10% profit in order to advance to the next tier.
You can keep 90% of the profits if you successfully pass the audition phase and scale up to $500,000. Moreover, the platform offers a blog that is often updated, chat boards where traders can connect, and webinars that traders can go to learn more from the top experts in the field.
Pros
- Simple, straightforward trading rules
- No minimum trading days
- No 30-day assessment period
- Scale up from $25K all the way to $500K
- One-Time fee with no ongoing costs
- No restrictions on trading strategies
- 1 step evaluation process
- Good choice of trading instruments
- Trade on both MT4/MT5 platforms
- Handy trader dashboard
- Realistic profit target set at 10% of the total account balance
- After passing the audition you will start trading directly on a live account, with real profits and losses taken by the company, no demo accounts
- You will have access to a free 30-day membership with BKForex, which includes daily trading signals, tools, indicators, webinars and more
- Quick withdrawals and no minimum or maximum amount restrictions, which can be requested at any time once a month
- Very generous profit share that goes all the way up to 90%
- Free trial of the audition upon request
Cons
- A stop-loss is required for each trade
- All positions must be closed on Friday
- Maximum open size of 1 lot per $10,000 of the account balance
- 5% maximum trailing drawdown
- Low leverage 10:1, 5:1 and 2:1
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Crypto Prop Trading Firms
Fidelcrest
You may examine, develop, and enhance your trading potential with the aid of Fidelcrest. You can anticipate to generate consistent returns over the long-term if you have access to their special trading programs and strategies. With the support of our state-of-the-art technology and knowledgeable employees, investing with them is simple and safe.
Fidelcrest embraces the digital currency revolution by allowing you to trade cryptocurrencies as CFDs (Contract for Differences). With 19 trading pairs, they are one of the few platforms that allow the trading of BTC pairs along with the corresponding USD ones. For instance, BCHUSD and BCHBTC are both tradeable, so if that is your approach, you may trade the movement of Bitcoin Cash against USD, BTC, or both.
It appears to be a one-stop shop for trading assets in the current market because, in addition to cryptocurrencies, you can also trade FX, indices, metals, commodities, and equities. Its unique trading platform has also received high marks for use and dependability over a long period of time.
Every working day, the support staff is accessible around-the-clock to respond to any inquiry that traders may have about the platform. If your trading strategy involves capturing short-term swings for bigger returns, there is an option for a maximum leverage of 1:100.
Before you can begin earning money from the platform, you do need to successfully complete a 2-step evaluation task that is customary in the business. By paying the refundable cost of €99 or €449, the Micro trader accounts have a capital ranging from $10,000 to $50,000 that may be accessible. In the event that you succeed in the challenge listed above, this charge will be returned to your account.
During the challenge, you can trade the news and maintain positions overnight, over the weekend, or during trading holidays. Also, you may select between the regular and aggressive accounts, each of which has different profit splits (80% for normal and 90% for aggressive) and maximum drawdown restrictions.
Pros
- You can receive up to $400,000 funding
- Leverage of up to 1:100 available
- Fidelcrest pays out 80–90% of profits to funded traders
- Fidelcrest has no minimum trading days for either stage of its evaluation
- If you pass the second stage of your evaluation, you will receive a bonus payout, up to $30,000
- Trade forex, stocks, commodities, metals, and crypto
- Regardless of your experience level, risk preferences, or strategy, you can find the ideal account for you
- Professional traders can sign up for a Pro Account with a $1 million initial account balance
- 5% profit target in phase 1 and phase 2 (Micro Trader accounts)
- Successful traders have the opportunity to double their initial capital with the scaling program
Cons
- MetaTrader 4 platform only
- Fidelcrest calculates your max loss based on your highest account balance, not on your initial balance
- Strict trading rules and conditions
- No educational content provided
- Phase 2 of the evaluation has tighter trading parameters than the Trading Challenge
- Almost overwhelming number of account options to choose from
- Do not have a free trial
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Crypto Prop Trading Firms
How to Choose the Best Crypto Prop Firms?
The first thing that you need to do is make sure that the prop firm supports crypto trading on all of your favourite digital assets. Then take a look to ensure they have all of the other trading instruments that you wish to trade. Other things to consider including the trader challenges, profit share and trading rules.
Here are some of the key features to look for when choosing a suitable crypto prop trading firm:
- Trading strategies allowed
- Trading conditions and rules
- Profit targets and maximum loss
- Trading platforms and tools
- Cryptocurrency instruments
- Other asset classes available
- Profit share and payout process
- Customer support and user feedback
Crypto Prop Trading Firms
Pros & Cons of Crypto Trading Prop Firms
Pros
- Get funded without risking your own capital
- Access educational resources and tools
- Join a community of like-minded crypto traders
- Trade on leading platforms like MetaTrader, cTrader and TradingView
- Scale your trading account faster
- Get support from experienced traders
Cons
- Prop trading firm fees may be high
- Prop trading firms are less regulated
- You must share your profits with the prop trading firm
Crypto Prop Trading Firms
Final Thoughts
Cryptocurrency trading has increased immensely in popularity over recent years, with more and more aspiring traders looking to try and capitalise on the volatile digital currency market. That being said, even the most talented traders can struggle to make a living from crypto trading as the profit potential is limited depending on the capital that they have to invest.
This is where a crypto prop trading firm can be a great solution. If you can show them that you are a good trader with consistent results, they can give you access to trade on a funded account for a generous share of the profits. It is essentially a win-win situation for both the trader and prop firm.
If you are just starting to get into crypto trading, and you plan to trade Bitcoin and Ethereum as a portion of your investment portfolio, FTMO might be a good choice. It has a lot of things going for it and also allows you to trade in crypto.
On the other hand, if you are already experienced and looking to trade a wider range of cryptos with high leverage to take advantage of volatile markets, SurgeTrader offers you 1:100 maximum leverage and the chance to trade all pairs available on MetaTrader 4/5 platforms.
