Crypto proprietary trading focuses on evaluating the capabilities of new and experienced traders and helping them witness professional growth through crypto trading. The crypto market has boundless opportunities for traders to enjoy high profits. However, with high rewards come high risks. Only some traders have the risk appetite or the capital to venture into cryptocurrencies.
At this point, a crypto proprietary trading firm comes in as a bridge that connects the potential of cryptocurrency markets for both beginners and professional traders. These firms provide tools, educational resources, and programs to support traders in making informed decisions.
In this article, we have evaluated the best crypto prop trading firms available in the market, breaking down their features, functions, evaluation process, fees, pros and cons, and more.
Key Takeaways
- Exploring the 5 best prop firms for crypto trading with their key features, pros, and cons.
- Understanding what crypto prop trading firms are, their working, associated benefits, and risks.
- Insights into selecting the right crypto prop trading firm.
- Legality of crypto prop trading firms and tips for safe trading.
List of the Best Crypto Prop Trading Firms 2024 – Expert Picks
- The Trading Pit – Top Multi-Asset Award Winning Prop Trading Firm.
- Crypto Fund Trader – Best Prop Firm for Crypto Futures Enthusiasts.
- FTMO – Most Reliable & Veteran prop firm crypto trading.
- MyFundedFX – Most Trader-Friendly Crypto Prop Firm Offering Simulated Trading Services.
- Lux Trading Firm – Trusted and Well-Known Crypto Prop Firm for Crypto Traders.
Top Prop Trading Firms for Crypto 2024 – Detail Review
1. The Trading Pit
Trading Pit is one of the best crypto proprietary trading firms, progressively widening its scope for high crypto engagement. Based in Liechtenstein and operating from offices in Canada, Cyprus, and Spain, the Trading Pit is known for its advanced technology and High-Frequency Trading (HFT) methods.
This firm has a one-step trading challenge and an up to 80% profit-sharing model. It is esteemed to provide trading opportunities across various trading assets, including major cryptocurrencies. This firm is known for
With their hazard management tools and strategic approach, the Trading Pit aims to generate stable profit targets for beginners and seasoned traders seeking flexibility and an array of advanced trading tools such as StereoTrader, Squawkbox, Economic Calendar, and CME Heatmap.
Features
- Profit Split – Up to 80% profit share.
- Registration Fees – Minimum registration fee of $99 for a Lite account.
- Evaluation –Register, pick a challenge, and show your trading skills.
- Supported Cryptocurrency – Bitcoin, Litecoin, Ripple, Bitcoin Cash, Dash, Ethereum, Cardano, EOS, PAX, Zcash, USD Coin.
- Leverage For Crypto – 1:30
- Max Capital – $5,000,000
- Price Compared To Another Platform – Low
Pros
- Objectively reasonable challenges start at $99.
- Unlimited days to pass the challenge with 100% refundable challenge fee with the first payout.
- Multi-asset prop trading firm with trading options including CFDs, futures, and Crypto.
- Low entry threshold, offering favorable cooperation conditions.
- Lots of educational articles, guides, live webinars, and mentorship.
- Essential trading tools, including a calculator, economic calendar, and more.
- Simple rules and no hidden information.
Cons
- Lack of free plans or demo trading accounts.
- High experience and qualifications are required for challenges.
2. Crypto Fund Trader
Crypto Fund Trader is the best crypto trading prop firm that supplies required capital to professional traders and shares their profits. Funded traders can trade across multiple markets, including forex, crypto, commodities, stocks, and indices, with their demo funds and still make a profit. Crypto Fund Trader funds talented traders with up to $200,000, out of which they can earn 80% of the profits.
Features
- Profit Split – 80% Split.
- Registration Fees – One-time registration fee.
- Evaluation Process – Two Funded Trader Programs have one or two phases during which the ability is confirmed.
- Supported Cryptocurrency – 46 cryptocurrencies, including Bitcoin, Polkadot, Bitcoin Cash, and Dogecoin.
- Leverage For Crypto – 1:100
- Max Capital – $200,000
- Price Compared To Another Platform – Low to Moderate
Pros
- Low funding barriers with a $50 registration fee and $5000 funding capital.
- No time restriction for evaluation.
- No trading restrictions including on news trading, swing trading, scalping, etc.
- No recurring trading fees.
- KYC verification via CoilScope ensures security and responsible crypto trading.
Cons
- Lack of important advanced tools and scaling options for skilled traders.
- A relatively new crypto proprietary firm.
FTMO is one of the best proprietary trading firms used by hundreds and thousands of successful funded traders who can initiate their trading career with a maximum capital of $400,000 and a maximum leverage of 1:100. It supports a wide range of trading platforms, payment systems, crypto assets, and trading instruments.
Both challenge and verification stages are essential to gauge the potential of prospective traders. The business model of FTMO is essentially based on successful traders – the more profits generated, the more revenue the firm makes through shared gains.
Features
- Profit Split – Up to 90% split.
- Registration Fees – One-time fees, $155 refundable for FTMO Challenge.
- Evaluation Process – FTMO Challenge, Verification, FTMO Trader earns real money.
- Supported Cryptocurrency – Bitcoin, Ethereum, Litecoin, Ripple, Dash, Monero, Cardano, Dogecoin, Polkadot, and NEO.
- Leverage For Crypto – 1:100
- Max Capital – $400,000 per strategy/trader
- Price Compared To Another Platform – Moderate
Pros
- Modern crypto prop firm with no limits or restrictions on trading styles.
- Multiple available cryptocurrencies and fiat currency.
- One-time fee which is refunded after the evaluation process with the first payout.
- Offers valuable support and educational resources to achieve financial success.
Cons
- Investors need to complete two stages for the evaluation process and verification.
- Not suitable for derivatives, stocks, and futures trading.
4. MyFundedFX
Crypto traders looking for the best prop firms in the prop trading arena can check out MyFundedFX and access considerable capital with maximum offerings of $600,000 and profit sharing of 80%. MyFundedFX prop trading firms offer a two-step challenge, including the evaluation and funding phases.
Unlike other crypto trading prop firms, MyFundedFX has no minimum trading day requirement. MyFundedFX gives traders unlimited time to reach targets. The platform has simple trading rules for various trading styles, including swing and news trading.
Features
- Profit Split – Up to 80% split.
- Registration Fees – Refundable registration fee of $50.
- Evaluation Process – Take the challenge, get verified, and give a live simulated account.
- Supported Cryptocurrency – 20 crypto coins including Bitcoin, Ethereum, Litecoin, Ripple, Stellar Lumens, Avalanche, Polkadot, Chainlink, Solana, and Uniswap.
- Leverage For Crypto – 1:100
- Max Capital – $600,000
- Price Compared To Another Platform – Medium to High
Pros
- Fast funding in a single process.
- Advanced platforms for crypto trading with EightCap.
- Up to $1.5 million in capital allocation.
- Excellent reputation with minimum negative reviews.
- Unlimited trading days on all plan types & phases.
- No trading style restrictions.
Cons
- Limited educational resources.
- No demo or free trial feature.
5. Lux Trading Firm
Lux Trading Firm is a career training program that exposes every trader to the crypto market and teaches them how to trade responsibly. They are regarded as one of the best prop firms for crypto trading. Users can change their fully funded accounts with a maximum capital of $10,000,000. The prop trading software offers a free trial.
With three simple steps, users can get supported without any time limits. The programs include educational resources on crypto and other financial instruments and mention the rules of engagement with a profit sharing structure of up to 75%.
Features
- Profit Split – Up to 75% split.
- Registration Fees – 50% refund fee for the demo account.
- Evaluation Process – Performed on the demo account.
- Supported Cryptocurrency – Over 500 supported crypto, including Bitcoin, Ethereum, Litecoin, USD Tether, and more.
- Leverage For Crypto – 1:5
- Max Capital – $10,000,000
- Price compared to another platform – High
Pros
- A tremendous amount of capital of up to $10 million.
- Open an account with $200,000 and perform quick scaling in six stages.
- An array of tradable assets, including stocks, bonds, crypto, CFDs, and other financial instruments.
- No time limit to hit profit targets.
- Multiple platforms, including TradingView, Trader Evolution, and MetaTrader 4 for trading.
Cons
- High refundable fees.
- 75% profit splits lower than the industry average.
- No current promotions or discounts.
Crypto Prop Firm Evaluation: Delving into Our Methodology
Whether you are a new or experienced trader looking for the best crypto prop firms for trading, choosing a firm from our list is highly recommended. We have followed the meticulous methodology for evaluating prop firm, which is outlined below for you.
- Difficulty: Challenges or evaluations are relatively more straightforward for beginners, requiring only a few simple steps such as registration, performing a few skill-based tasks, and verification.
- Trading platforms: Our list of firms supports several trading platforms, such as MetaTrader 4 & 5 and proprietary crypto web/mobile trading platforms.
- Customer support: The top crypto prop firms we listed have efficient and responsive customer support that assists via live chat and other channels for traders’ benefit.
- Profit split: Most of the firms in our list of crypto prop firms have a profit split between 75% and 90%, usually on their own capital for a funded trader.
- Instruments: At these firms, traders can use many instruments, including forex, Crypto, indices, commodities, stocks, CFDs, derivatives, etc.
- Cost: On average, a crypto-funded account costs range between $100 to $1000 for these 5 crypto prop firms.
Comparison Between Top Crypto Proprietary Trading Firms
| Prop Firms | Profit Split | Cost | Max Balance | Leverage |
|---|---|---|---|---|
 |
Up to 80% | From $99 | $5,000,000 | 1:30 |
 |
Up to 80% | From $55 | $200,000 | 1:100 |
 |
Up to 90% | From $155 | $400,000 | 1:100 |
 |
Up to 80% | From $50 | $600,000 | 1:100 |
 |
Up to 75% | From $189/£149 GBP | $10,000,000 | 1:5 |
What Are Crypto Prop Trading Firms?
A Crypto prop firm is a facilitator that allows professional traders a path to navigate the dynamic crypto markets. Many prop firms in Crypto provide attractive propositions by enabling traders to amplify their profits and minimize personal risk. While undergoing the process, earnings are generated from the orders executed on the best crypto prop trading platforms. These firms differ from traditional forex prop trading firms as they focus on the cryptocurrency market that operates 24×7 and is famous for its high volatility.
On the other hand, traditional prop trading involves trading forex funds, stocks, and other financial assets with variable volatility levels and regular market hours.
How Do Prop Firms for Crypto Work?
Many crypto prop firms provide access to funds, resources, and innovative trading tools to thrive in the crypto trading market and allow them to make rational trading decisions and maximize profits. These prop firms lend large amounts of cryptocurrency which will enable them to use market opportunities to make profits that would otherwise not be accessible using their funds. Using the company’s capital helps traders eliminate risks and employ robust hazard management strategies.
Benefits of Working With a Crypto Prop Trading Firm
Crypto prop trading firms provide many benefits to traders, some of which have been discussed below –
- Access To Capital And Trading Infrastructure – One of the main benefits of working with a crypto prop trading firm to trade Crypto is easy access to crypto funds. This allows traders to leverage prominent positions and maximize profits without capital risk.
- Reduced Trading Risks And Expertise In Risk Management – Using a company’s capital and crypto funds helps traders reduce their trading risks since the company mostly takes care of the losses instead of their money.
- Opportunities For Professional Development And Mentorship – Traders at a crypto prop trading firm may have various avenues for growth and development within the crypto market, including access to increased profit shares, potential career advancement, and crypto funds. This creates a pathway for professional development and mentorship.
- Potential For Higher Earnings And Profit-Sharing Arrangements – Prop traders can access additional funds with funded accounts, gaining more purchasing power to take larger positions and potentially earn greater profits.
Risks Associated With Crypto Prop Trading Firms
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Crypto prop trading firms provide various benefits for traders, but potential risks are also involved. Below, we have listed a few –
- The Volatility of Cryptocurrency Markets And The Potential For Significant Losses – A primary concern is the chance of experiencing high financial losses while working with a crypto prop firm. Even after employing effective risk management and trading strategies, there is a possibility for significant losses as the crypto trading market is highly volatile.
- Exposure To Counterparty Risk And Potential For Fraud – There is also a probability of experiencing counterparty risk that leads to default transactions on the contractual obligation. Different degrees of counterparty risk may exist where individuals and companies cannot make their payments on debt obligations.
- Reliance On The Firm’s Trading Expertise And Risk Management Practices – With the lack of coherent regulations surrounding Crypto, there are few protections against unethical or deceptive management practices. Moreover, the crypto market is relatively new, and these cryptocurrency prop trading firms are primarily at their infant stage. Therefore, traders may need to employ proper risk management strategies such as continuous risk monitoring and assessment, loss reduction and prevention, and more.
Is Crypto Proprietary Trading Legal?
The legality of crypto prop trading requires careful understanding and consideration since the answer may vary based on the traders’ jurisdiction. While crypto prop trading is usually considered legal in several countries, it is subject to specific laws and regulations governing crypto trading in a particular region.
Hence it is crucial for prop traders involved in crypto prop trading to understand and comply with the legal framework in their countries’ jurisdiction to ensure they operate within the bounds of the law. Also, as the regulatory framework surrounding cryptocurrencies is still evolving, traders should stay updated on any changes that may affect trading activities.
Safety Measures While Trading With a Crypto Prop Firm
While trading with these best crypto prop trading firms, traders must remain safe by conducting extensive research, understanding the risks involved, setting limits, being wary of the promises of getting high potential returns, and monitoring the trading account.
To stay safe, traders must also choose a firm with an excellent track record, examine their liquidity, understand the minimum trading days and strategies, and learn about the fees involved.
Conclusion About Crypto Prop Trading Firms
To conclude, crypto prop trading firms are the trading desks of the future that merge traditional trading knowledge with cryptocurrency dynamism. Regarding potential returns, the sky’s the limit. Still, conducting meticulous research, having grounded expectations, and being committed to learning about crypto trading before using a prop trading firm are essential.
Crypto Prop Firm FAQs
Are Crypto Prop Trading Firms Regulated?
Crypto prop trading firms are not as regulated as regular broker-dealers or other financial markets. However, they are regulated by financial authorities in the country-specific jurisdictions where they operate. Given that cryptocurrency prop firms involve trust-based businesses, regulators prioritize protecting the interests of traders.
Do Crypto Prop Trading Firms Provide Leverage for Trading?
Crypto prop firms provide leverages, allowing traders to have substantially more purchasing power than the funds in their accounts. Often, they hold positions overnight with the trading done.
What Strategies Do These Firms Typically Employ?
Prop traders can typically employ news trading, market analysis, volatility arbitrage, global macro trading, index arbitrage, or merger arbitrage to maximize their returns. At times they share the profit target too.
Can I Withdraw My Funds Easily From These Crypto Prop Firms?
Traders can withdraw funds only when they have positive account performance. This means traders cannot withdraw the initial capital the trading firms have given them but only the profits they have earned.
Do Crypto Prop Firms Offer Demo Accounts For Beginners?
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Some crypto proprietary trading firms provide demo accounts to beginner traders to gain experience with the firm’s platform without risking real funds. For example, Lux Trading Firm and FTMO offer a free/demo account to new traders.
Can Beginners Join A Cryptocurrency Trading Firm?
Novice traders can initiate their prop trading journey without any formal background. You can excel as per your trading capacity, your trading skills alone, and your market knowledge. All you need is funded accounts and the right trading strategy, and you’ll reach your desired profit target.