By working with a crypto prop firm, you will be able execute your trading strategies and generate much higher profits than with your own capital. Trading accounts with crypto funds are useful for traders who have experience and can control their risk. They also need to have a good strategy. Crypto prop firms usually have a process of evaluation (1 or 2) where you are required to prove your skill as a cryptocurrency investor. Once you pass this challenge, they will grant you access to an account funded with their capital.
These cryptocurrency prop firms charge an access fee to access the evaluation process (sometimes a one-time payment, and sometimes a subscription). In order to avoid being trapped in a never-ending evaluation process, or trading rules that can be difficult to comply with and understand, it is essential to only work with crypto prop trading companies that align their interests with the trader. After analyzing and testing many companies who offer funded accounts to trade cryptocurrencies like Bitcoin, Ethereum Bitcoin Cash, Dash, Litecoin Ripple Monero NEO, Cardano Dogecoin ,…, we have selected the top prop firms for cryptocurrencies.
What are the best prop trading firms for crypto in 2024?
Crypto Propietary Firm | Access Fee | Profit for Trader | Profit Target | Max. Drawdown | Cryptocurrencies | |
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For $199 a balance of $25,000 For $349 a balance of $50,000 For $499 a balance of $100,000 For $949 a balance of $200,000 Up to $2,500,000 Scaling plan (More programs available) | From the start 80%. 90% after a profit of 20%. 100% after a profit of 30%. | InPhase 1, 10%. In Phase 2, 5%. | Maximum Daily Loss: 5%. Maximum Loss: 10%. | +230 cryptocurrencies. | 12.5% OFF Coupon 10% OFF Coupon | |
For $289 a balance of 50k For $489 a balance of 100k For $939 a balance of 200k For $1,399 a balance of 300k For $1,869 a balance of 400k (More programs available) | 80% and 95% with scaling | Phase 1: 8%. Phase 2: 5%. | 5% Max Daily Loss. 10% Max Loss. | 4 most popular cryptocurrencies(Bitcoin, Bitcoin Cash, Ethereum and Litecoin). | ||
For $99 a balance of 10k For $179 a balance of 20k For $399 a balance of 50k For $999 a balance of 100k Up to $5,000,000 Scaling plan | Depending on the account chosen and the level of scaling plan, 50% to 80% . | Depending on the account chosen, 8% or 10% . | Daily drawdown: 5%. Max trailing drawdown: 10%. | 10 cryptocurrencies available to trade. | ||
For €155 a balance of 10k For €250 a balance of 25k For €345 a balance of 50k For €540 a balance of 100k For €1080 a balance of 200k | 80% in non scaled accounts 90% in scaled accounts | In Normal Mode Step 1: 10% Step 2: 5%. in Aggressive Mode Step 1: 20% Step 2: 10% | Normal Mode: 5% Maximum daily loss. 10% Maximum loss. Aggressive Mode: 10% Maximum daily loss. 20% Maximum loss. | Top 10 Cryptocurrencies like Bitcoin, Ethereum, Dash, Litecoin, Monero, Cardano, Dogecoin,… | 42% OFF Coupon | |
For $228 a balance of 25k For $338 a balance of 50k For $588 a balance 100k For $988 a balance of 250k (More programs available). | 80% | Step 1: 8%. Step 2: 5%. | 5% Daily Drawdown. 8% Overall Drawdown. You can scale your overall drawdown up to 14% | 5 cryptocurrencies to trade. | 10% OFF Coupon |
Funded Trading Plus
Funded Trader Plus was founded in London, UK in 2021. This firm offers different funded accounts to suit the needs of different traders: one-step, two-step or no evaluation programs (called Master Program). The risk parameters and objectives are different for each.
Features:
- Profit split of 80% at the beginning (90% after making 20% profit and 100% when making 30% profit).
- No time limits. No minimum or maximum trading days.
- Loss limit of 5% per day Loss limit of 10% in Advanced Trader Program
- Easy to understand and comply with rules.
- Scaling plan simple up to $2,500,000. Your account balance can increase every time you make a profit of 10%..
- You can withdraw your profit from the first day and ask for new payments every seven days.
- The access fee can be refunded and is paid in one payment.
- Supported Cryptocurrencies: More Than 230 crypto currencies cross with the major world currencies (USD EUR AUD GBP CAD ,…) such as BTCUSD ETHUSD LTCUSD DOGEUSD ADAUSD XRPUSD BTCEUR NEOEUR XRPEUR BTCAUD BTCCAD. The cryptocurrency offers vary between brokers.
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The Funded Trader
The Funded Trader, a proprietary trading company based in the United States of America (Liberty Hill Texas), is a proprietary trader. Thisfirm has a great reputation, as shown by its rating of 4.7 stars out of 5 in Truspilot. There are over 6600 reviews. This prop firm’s success is largely due to the simple trading rules it uses, the 4 programs that are adaptable to all types of traders, the funded accounts of up to $600,000 of virtual capital, which can be scaled up to $1,000,000 with the scaling program, and the profit split scheme up to 95%.
Features:
- Profits up to 90% (80% default).
- Five different programs, each with a 1, 2, or 3-step evaluation process and features that are adaptable to any type of trader.
- Can use EAs, scalping, news trading,…
- Refundable registration fee.
- Discount coupons and low prices are available with , including the TFT affiliate code and discount codes.
- Simple trading rules.
- Crypto: Up to a 1:2 Leverage
- Supported Cryptocurrencies: BTCUSD (Bitcoin), BCHUSD (bitcoin), LTCUSD (ltc USD) and ETHUSD.
The Trading Pit
Trading Pit has offices in Cyprus and Spain and is based in Lichtenstein. The Trading Pit has a One-Step Challenge, and its model of work is based on demo accounts. After passing the evaluation, you’ll sign an agreement with the signal provider and start earning and growing the account. You can keep of up to 80%. The requirements are not difficult to meet (you just need to make a profit of 8% or 10% while controlling the risk).
Features:
- Start your challenge for just $99.
- After passing Level 1, the fee is 100% refundable.
- Simple trading rules.
- Get up to 80% of the profit when you reach $5M.
- Multi-asset trading includes Forex, Futures Trading, CFDs Indices, Commodities Stocks and Crypto.
- Supported Cryptocurrencies: Offers vary depending on broker: Top 10 cryptocurrencies, (FXFlat), or Top 11 cryptocurrencies (GBE Brokers).
FTMO
The world’s largest prop trading company is FTMO. The company was founded in Prague in 2014. This prop company has made thousands of traders money. They have paid out more than $27,000,000 in profits to their traders. With their scaling program, you can manage a 2 million USD account and receive 90% of your profits. For more information, check out our FTMO review.
Features:
- Profits can be split up to 90 percent between the trader and broker.
- The Scale-Up Program allows you to manage a balance up to 2,000,000 USD.
- A one-time fee is charged when you open an account. This fee will be refunded to you 100% after the account has been evaluated.
- Any trading strategy is allowed.
- FTMO provides many tools for analysing performance and improving risk management.
- Your profits can be withdrawn at any time via bank transfer, Skrill, or cryptocurrency.
- Crypto up to 1:3 leverage
- Supported Cryptocurrencies: Bitcoins, Ethereum, Dashs, Litecoins, Ripples, Moneros, Cardanos, Dogecoins, Neos, Cardanos, Polkadots and Dogecoins. All of them against USD.
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E8 Funding
The E8 Funding cryptocurrency prop firm has 3 different programs (E8 Accounts E8 Track, and ELEV8 accounts) with no minimum trading day. They are all suited to different types of traders. The E8 Track account has lower access fees, but the evaluation is longer because it’s divided into three steps. You can compare the most affordable prop companies.
Features:
- No minimum trading days.
- Increase your total drawdown to 14 %.
- Profit sharing is good (80% for traders and 20% for crypto prop firms).
- Increase your account balance by at least $1,000,000.
- After 8 days, the first profit split is eligible
- Crypto up to 1:5 leverage
- Cryptocurrencies supported: BTCUSD, ETHUSD, DASHUSD, LTCUSD, XRPUSD.
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Advantages of crypto prop trading firms
- Large profit margins due to the high volatility of the market.
- The firm itself obliges you to follow detailed rules to minimize possible losses.
- You can get funded accounts of high amounts, so you don’t have to take excessive risks or large leverage to make decent profits.
- No need to risk your own capital
Disadvantages of crypto prop trading firms
- While it is possible to make large profits, poor risk management can result in large losses.
- The firm keeps a percentage of the total profits earned. There is also an access fee (you can find the cheapest prop firms here).
- The leverage allowed is low, which is used as a safety measure against market volatility.
- There is not many cryptocurrencies available for trading, however, the most known and important ones can be found.
You may find this information helpful. I suggest that you visit each website to learn more about the features and conditions of trading cryptocurrency ,…. Also, you can find out the top crypto prop trading firms according to your trading preferences and strategy. For example: best instant funding prop firms or best futures prop firms,…
Hello, I’m Adrian Perez. Passionate about online businesses, in which I have been working professionally since 2008, and a self-taught investor with more than 10 years of experience. I collaborate on several financial websites and on Opinatron.com I try to publish valuable content related to these topics based on my knowledge and personal experience. These contents should in no way be considered investment advice nor do I offer any type of financial advice. I hope they are useful to you but you are the one who must make your own investment decisions and you are responsible for those decisions. If necessary, seek independent financial advice.