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.