Crypto Prop Firms - The Best For 2024
The best crypto prop firms analyzed, rated and compared.Crypto proprietary trading is a great solution to access big capital quickly.
Crypto trading is inherently challenging due to its volatility, and managing a small account often means taking on significant risks to achieve decent profits. To address this issue, many traders opt to apply for a crypto funded account from a proprietary firm.
This article introduces the best crypto prop firms for 2024 and helps you compare them to choose the best one for your situation.
Top Crypto Prop Firms
HyroTrader
Rating: 4.8
Company Overview: HyroTrader, founded in 2023 and based in Bratislava, Slovakia, specializes in real crypto trading.
Key Features:
- Instruments: Crypto Spot, Crypto Futures, Crypto Options
- Max Balance: $1,000,000
- Profit Split: Up to 90%
- Cost: From $89
- Platforms: ByBit
FTMO
Rating: 4.9
Company Overview: FTMO, founded in 2015 and headquartered in Prague, Czech Republic, offers a wide range of trading instruments including crypto.
Key Features:
- Instruments: Forex, Indices, Metals, Commodities, Stocks, Crypto
- Max Balance: $2,000,000
- Profit Split: Up to 90%
- Cost: From €155
- Platforms: MetaTrader 4, MetaTrader 5, cTrader, Dxtrade
Funded Trading Plus
Rating: 4.9
Company Overview: Funded Trading Plus, established in 2021 and based in London, UK, provides various trading tools including crypto.
Key Features:
Instruments: Forex, Indices, Metals, Commodities, Crypto
Max Balance: $2,500,000
Profit Split: Up to 100%
Cost: From $119
Platforms: cTrader, TradingView, MatchTrader, DXtrade
FundedNext
Rating: 4.8
Company Overview: FundedNext, founded in 2022 and headquartered in Ajman, UAE, offers a range of trading instruments including crypto.
Key Features:
- Instruments: Forex, Indices, Metals, Commodities, Crypto
- Max Balance: $4,000,000
- Profit Split: Up to 90%
- Cost: From $32
- Platforms: MetaTrader 4, MetaTrader 5, cTrader
Other Notable Crypto Prop Firms
| Prop Firm | Profit Split | Cost | Max Balance | Rating |
|---|---|---|---|---|
| FTUK | 80% | From $149 | $5,760,000 | 4.7 |
| The Trading Pit | Up to 80% | From €99 | $5,000,000 | 4.6 |
| E8 Markets | 80% | From $48 | $400,000 | 4.5 |
| City Traders Imperium | Up to 100% | From $39 | $2,000,000 | 4.3 |
| Traders With Edge | Up to 80% | From $55 | $3,000,000 | 4.2 |
| Audacity Capital | 75% | From £299 | $10,000,000 | 4.1 |
| TopTier Trader | Up to 90% | From $65 | $2,000,000 | 4.0 |
| The Funded Trader | Up to 90% | From $129 | $1,500,000 | 3.0 |
How to Choose a Crypto Prop Firm
When deciding between multiple crypto prop trading firms, use a comparison tool to evaluate the following factors:
- Difficulty: The ease of passing the firm's challenges or evaluations.
- Trading Platforms: The variety of trading platforms offered.
- Customer Support: The responsiveness and reliability of the firm's customer support.
- Profit Split: The percentage of profits shared with you by the firm.
- Instruments: The range of crypto instruments available for trading.
- Cost: The cost to apply for and maintain a funded account.
- User Rating: The ratings and reviews from other users.
Trading Instruments at Crypto Prop Firms
Crypto prop firms typically offer trading in CFD products, which primarily include:
- Forex: Major, minor, and exotic currency pairs.
- Indices: Major indices such as DAX, Nasdaq, Dow Jones, S&P 500, and FTSE.
- Commodities: Natural gas, crude oil, and Brent oil.
- Metals: Silver, gold, and palladium.
- Stocks: Some firms provide stock trading.
- Cryptocurrencies: Major cryptocurrencies such as BTC (Bitcoin), ETH (Ethereum), LTC (Litecoin), XRP (Ripple), ADA (Cardano), DOT (Polkadot), and DOGE (Dogecoin).
Account Sizes and Profit Splits
The maximum funded accounts at crypto prop firms generally range from $1,000,000 to $5,000,000. These balances are typically achieved through scaling up from an initial balance, while adhering to the firm's rules.
- Instant Funded Accounts: The profit split is usually around 50%.
- Challenge-based Funded Accounts: The profit split ranges from 80% to 90%, meaning the firm retains 10% to 20% of the profits. Additionally, traders often receive 100% of the initial profits, which usually equals the challenge fee.
Available Trading Platforms
Most crypto prop firms provide access to the crypto market through CFDs. The popular trading platforms include:
- MetaTrader 4
- MetaTrader 5
- cTrader
Advantages and Disadvantages
Advantages:
- Access to a highly volatile market with potential for higher profits.
- No need to risk personal capital for trading.
- Availability of large account sizes to avoid over-leveraging and small account speculation.
- Mandatory adherence to risk management rules.
Disadvantages:
- Leverage provided may be limited, serving as a safety measure against crypto market volatility.
- Limited selection of tradable cryptocurrencies compared to exchanges.
- Firms retain a small portion of the profits.
In summary, choosing the right crypto prop firm can help traders manage their funds more effectively, reduce risks, and improve returns. By comparing the features of various firms, you can select the one that best fits your needs for better performance and outcomes in crypto trading.
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