The Top 5 Crypto Prop Trading Firms for Aspiring Traders
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Cryptocurrency trading has gained increasing popularity over the years, and many people are looking to capitalize on the growing market. However, not everyone has the capital to start or wants to risk their own funds. This is where prop trading firms come into play. These firms provide traders with access to capital ranging from $500 to millions of dollars, allowing them to apply their trading expertise and generate consistent profits.
In this article, we have compiled a comprehensive list of the top 5 crypto prop trading firms in the market. We will delve into the features and benefits of each firm, including their evaluation process, funded accounts, profit splits, and supported cryptocurrencies.
1. SurgeTrader
SurgeTrader is a crypto prop trading firm based in the USA, founded in 2021. Despite its short history, it has gained a reputation for providing traders with a complete offer in cryptocurrencies. SurgeTrader offers a one-step evaluation process, funded accounts with up to $1,000,000 from the start, and a profit split scheme where the trader keeps 75% of the profits (or 90% with the purchase of an add-on).
Features of SurgeTrader
- Pass trading audition at your own pace by reaching 10% profit target
- No minimum trading days
- 5% daily loss limit. 8% max trailing drawdown
- 75% profit split (90% with add-on purchase)
- Trade news, hold positions overnight
- Stop loss required. Trade your style, EA, Hedging,…
- Up to 1:2 Leverage for Crypto
- More than 200 cryptocurrency crosses with the main world currencies (USD, EUR, AUD, GBP, CAD,…) and 5 crypto indices (Top 10 Altcoin Token Index, Top 9 China Crypto Index, Top 10 Crypto Index, Top 25 Crypto Index, and Top 25 Defi Token Index) on MetaTrader 4. More than 375 cryptocurrencies on MetaTrader 5 trading platform.
Visit SurgeTrader
If you’re interested in SurgeTrader, you can visit their website here.
2. FundYourFX
FundYourFX is a crypto prop firm based in the UK that has no assessment or challenge and does not impose a profit target. Traders just need to meet the risk targets and be profitable to work with their funded accounts instantly.
Features of FundYourFX
- No trading challenge for crypto or other assets. Start with a funded live account
- 50/50 profit split (70% with scaling plan)
- They do a simple interview to find out about your trading experience
- No restrictive rules
- Account scaling automatically. Every time you reach a profit of 10%, the balance is increased by 50%
- One-time refundable fee (when you hit 10% profit 5 times)
- More than 300 different cryptocurrencies and crypto indices on MetaTrader 4 platform (through EigthCap broker)
Visit FundYourFX
If you’re interested in FundYourFX, you can visit their website here.
3. E8 Funding
E8 Funding is a cryptocurrency prop firm with 3 different programs (E8 Accounts, E8 Track, and ELEV8 Accounts), all of them with no minimum trading days, which are adapted to various types of traders.
Features of E8 Funding
- No minimum trading days
- Scale your overall drawdown up to 14%
- Good profit sharing percentage (80% for the trader 20% for the crypto prop firm)
- Scale your account balance to over $1,000,000
- First profit-split eligible after 8 days once funded
- Up to 1:5 Leverage for Crypto
- BTCUSD, ETHUSD, DASHUSD, LTCUSD, XRPUSD
Visit E8 Funding
If you’re interested in E8 Funding, you can visit their website here.
4. The Funded Trader
The Funded Trader is a proprietary trading firm headquartered in the United States that enjoys a good reputation due to its simple trading rules, its 4 programs adaptable to any type of trader, its funded accounts up to $600,000 of capital that can grow up to $1.5 million with the scaling program, and its profit split scheme of up to 90% for the trader.
Features of The Funded Trader
- Up to 90% profit split (80% default)
- 4 different programs with 1 or 2-step evaluation and features adaptable to all types of traders
- Can use EAs, scalping, news trading,…
- Refundable registration fee
- Low prices and frequent promotions and discount coupons
- Simple trading rules
- Up to 1:2 Leverage for Crypto
- BTCUSD, BCHUSD, LTCUSD, and ETHUSD
Visit The Funded Trader
If you’re interested in The Funded Trader, you can visit their website here.
5. FTMO
FTMO is the world’s leading prop trading firm founded in 2014 in Prague, Czech Republic. It has distributed more than $27 million in profits to its funded traders in 2021. FTMO’s trading rules are quite simple, and with its scaling program, traders can manage an account of 2 million USD and achieve a 90% profit split.
Features of FTMO
- Profit split up to 90% for the trader
- Manage an account balance of up to 2 million USD with the scale-up program
- One-off fee when opening an account, which is 100% refundable after passing the evaluation
- You can use any trading strategy without restrictions
- FTMO offers many tools to analyze performance and improve risk management
- You can withdraw your profits at any time by bank transfer, Skrill, or cryptocurrencies
- Up to 1:3 Leverage for Crypto
- Bitcoin, Ethereum, Dash, Litecoin, Ripple, Monero, Neo, Cardano, Polkadot, and Dogecoin. All of them against the USD.
Visit FTMO
If you’re interested in FTMO, you can visit their website here.
Conclusion
In conclusion, aspiring traders have access to several reputable crypto prop trading firms that allow them to take advantage of the growing cryptocurrency market. SurgeTrader, FundYourFX, E8 Funding, The Funded Trader, and FTMO are among the top firms that offer an evaluation process, funded accounts, profit splits, and support for multiple cryptocurrencies. Each firm has its unique features and benefits, and traders can choose the one that best suits their preferences and trading strategy.
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