Prop firms are increasingly recognized as effective funding solutions for traders amid the rapid growth of the financial markets. By offering funded accounts, these firms allow traders to easily engage in trading and seek profits from financial and cryptocurrency investments. But how reputable are these prop firms? In today’s article, Pfinsight.net brings you a list of the most popular Crypto Prop Firms currently available, which every trader should consider joining. Let’s dive in!
What is a Crypto Prop Firm?
A Crypto Prop Firm is a company that funds traders to trade cryptocurrencies in exchange for a share of the profits. These firms are gaining popularity because they provide traders access to larger capital without bearing personal financial risk.
Additionally, these firms often provide support, training, and access to trading resources. Traders can start with demo accounts to familiarize themselves and practice their skills before trading with real funds.
How does a Crypto Prop Firm work?
Before receiving funding, traders typically undergo a rigorous evaluation process to test their capabilities and risk management skills.
These companies use a tiered approach, allowing profitable traders to access increasing amounts of capital based on performance. The trader’s success and the fees collected during the evaluation phase contribute to the firm’s business model.
3 Steps to Getting Funded
Sign Up and Pay the Challenge Fee
Prop firms offer various account types and trading challenges, usually ranging from $100 to $1,000. If traders successfully complete the challenge, they can access funding between $5,000 and $100,000 or more.
Complete the Trading Challenge
During the challenge, traders must demonstrate their trading skills by meeting predefined profit targets while minimizing losses. Prop firms want to ensure the traders they fund are capable. Typical challenge requirements include:
- Trading timeframe
- Minimum trading days
- Mandatory stop-loss usage
- Maximum trade size
- Daily drawdown limits
- Maximum loss limits
- Profit targets
Understanding and adhering to these guidelines is crucial. Any rule violation may result in forfeiting the paid fee and the opportunity to get funded.
Receive Funding
Once a trader passes the challenge, they are funded by the prop firm. However, traders must continue to follow trading terms and avoid reckless behavior. Prop firms aim to protect their capital and benefit from traders’ success. There are often restrictions on daily withdrawals and maximum losses.
Criteria for choosing a reliable Crypto Prop Firm
Different prop firms offer varying trading conditions, technologies, fees, and evaluation criteria. Not all are trustworthy, so traders must carefully evaluate firms to avoid scams. Key factors to consider include:
Funding Opportunities
The first aspect to consider is the funding scale. Some firms offer capital up to $200,000, like WeMasterTrade, while others provide smaller initial funding.
While higher funding offers the potential for more profit, it also comes with greater risk. After proving consistent profitability, check whether the firm allows account scaling to increase your earnings and maintain motivation.
Profit Split Structure
Profit sharing is a key feature of prop trading, where traders receive a percentage of the profits. Some firms start low and gradually increase, while others are generous from the start, offering 80%, 90%, or even 100%.
According to Propfirmmatch, traders may receive up to 90% profit split with firms like:
- WeMasterTrade: Starts at 55%, can reach ~90% with consistency.
- FTMO: Standard 80/20, upgradeable to 90/10 after Challenge & Verification.
- FundYourFX: Advertises up to 95% on scaling accounts, though some complaints exist about profit withholding.
- The5ers: Offers 50% to 100%, depending on the program (e.g., Bootcamp).
Risk Management and Evaluations
Each firm enforces its own risk guidelines, including maximum drawdown or equity loss before account termination and daily loss limits.
Many firms require passing an evaluation or challenge, where traders must reach a target profit without violating withdrawal or loss rules. Some impose time limits, while others allow unlimited time.
Example (WeMasterTrade):
- Per Trade Idea Limit: Max 2% risk per idea (1% for 51010 packages).
- Max Daily Loss: 4–5% ($400–$500)
- Max Total Loss: 6–10% ($600–$1,000)
- Daily Profit Cap: Max 20% of total profit.
Trading Platforms and Tools
Technology varies across Crypto Prop Firms. Some integrate with popular exchanges, offering real-time data and advanced order execution. Others use proprietary systems, which may be efficient but less feature-rich.
Look for firms offering:
- Real-time data from reputable crypto exchanges
- High-liquidity crypto pairs
- Advanced order types (e.g., stop-loss, limit-stop)
- Technical analysis tools or integration with platforms like TradingView
Payouts and Fees
Fees can significantly affect profitability. Some firms charge evaluation fees, which may be refunded after passing. Others charge platform or monthly subscription fees.
Research the firm’s withdrawal process, fee policies, and payout frequency. Some prefer bank transfers, while others use stablecoins like USDT or USDC for faster, crypto-native withdrawals.
Availability and Restrictions
Geographical restrictions are common, especially for U.S.-based traders due to regulatory concerns. Not all prop firms serve every country.
Ensure your chosen firm supports your location to avoid compliance issues. Also, confirm if your trading strategies (e.g., algo trading, scalping) are permitted.
Customer Support and Community
Customer service plays a key role in your trading journey. A responsive support team and an active community can provide essential help.
Some firms like WeMasterTrade offer 24/7 support via live chat or email and host active Discord or Telegram communities for sharing trading ideas, mentoring, and emotional support.
Top Trusted Crypto Prop Firms
Here are some of the top Crypto Prop Firms currently popular and widely used.
WeMasterTrade
A rising star among Crypto Prop Firms, WeMasterTrade offers excellent features and support. It quickly established itself in the proprietary crypto trading scene.
Its direct funding model (a.k.a. “instant funding”) allows traders to receive real money – up to $200,000 – without passing any strict challenges, unlike traditional brokers.
Key benefits
- Instant funding: Open a real account with tens of thousands of dollars by paying a one-time fee. No challenge or verification required.
- Wide crypto asset support: Trade popular crypto pairs like BTC/USD, ETH/USD, XRP/USD, ADA/USD via MT5.
- High profit split: Up to 90%, highly attractive for traders with strong risk management and strategies.
Risk management
- Trade Idea Risk: Max 2% per trading idea (1% for 51010-NoPC plans).
- Daily/Total Loss Limits: 4–5% daily, 6–10% total.
- Profit Consistency Rule: Limits daily profit to 20% of total to discourage risky “all-in” behavior.
For whom is it suitable?
- Traders who want to trade crypto with real capital immediately.
- Professionals skilled in risk management and trading execution.
- Those seeking long-term support and high profit splits.
HyroTrader
HyroTrader is a specialized Crypto Prop Firm helping traders access funding without risking personal money.
It offers account sizes from $5,000 to $100,000, with scaling potential up to $1,000,000 based on performance.
Key benefits
- Flexible accounts for both beginners and experienced traders.
- Capital scaling up to $1,000,000.
- Fast payouts via USDT or USDC within 24 hours.
- Starts at 70% profit split, can rise to 80–90% with consistency.
Risk management
- Max Daily Loss: 5%
- Max Total Loss: 10%
- Leverage: Up to 1:100
- Evaluation Time: No limit
For whom is it suitable?
- Traders seeking long-term, stable trading with no time pressure.
- Those with consistent performance and desire for capital growth.
- Users valuing fast payouts and flexible use of capital.
The5ers
A veteran in the industry, The5ers is known for flexibility and reliability. Originally Forex-focused, it now supports crypto CFDs, expanding options for digital asset traders.
Key benefits
- Multiple funding programs: Instant Funding, Bootcamp, Evaluation Challenge.
- MT5 support for crypto trading (e.g., BTC/USD, ETH/USD).
- Profit split: 50%–100% depending on plan.
- Some programs allow withdrawals even during evaluation.
Risk Management
- Max Daily Loss: 4%–5%
- Max Total Loss: 6%–12%
- Profit Target: 6%–12%
- Leverage: 1:10–1:30 for crypto CFDs
- Payouts: Weekly or on-demand
For whom is it suitable?
Traders preferring flexible plans like Instant Funding or Evaluation Challenges.
Those wanting to trade both crypto and forex in one account.
Traders valuing a solid reputation and consistent payouts.
FTMO
One of the most respected and longstanding firms, FTMO offers some of the best crypto funded accounts. Known for its rigorous evaluation, transparent risk controls, and professional systems.
Key features
- 2-phase assessment (Challenge & Verification) to prove skill.
- Crypto CFD trading via MT4/MT5 or cTrader (BTC/USD, ETH/USD, LTC/USD, etc.).
- 80% standard profit split, upgradeable to 90%.
- Scaling Plan: Up to $400,000 per account and $2 million total across accounts.
Risk management
- Phase 1 Target: 10% in 30 days
- Phase 2 Target: 5% in 60 days
- Max Daily Loss: 5%
- Max Total Loss: 10%
- Leverage: 1:2 to 1:5 for crypto CFDs
- Profit Split: 80% standard, up to 90%
For whom is it suitable?
- Disciplined, experienced traders seeking serious career paths.
- Those who value global reputation and transparent systems.
- Crypto CFD traders focused on risk control and professionalism.
After reviewing these Crypto Prop Firm projects, we’ve compiled the key highlights and advantages of each. We hope this article has helped you gain a clear overview to make an informed decision.
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