Are you a crypto trader seeking the best prop trading firm to earn additional funding and take your skills to the next level? Choosing the right firm requires careful consideration of several crucial factors, so listen up!
First, you’ll need to consider the firm’s reputation and track record, including its performance history and the markets they specialize in. Additionally, you’ll need to learn which firms offer maximum profitability, practical risk management tools, and helpful resources to ensure your success.
But how can you tell which crypto prop trading firm is the best? Luckily, we’ve done the research and are here to help!
Keep reading for our breakdown of the best prop trading firms for cryptocurrency and a comprehensive guide to picking the right one.
- Well-established and trusted
- Fast scaling plan
- Access data from liquidity providers
- No swing trading limits
- 1:100 leverage
- Limited trading platforms
- Challenging evaluation process
- Slightly more expensive than alternatives
- 90% profit split
- Free 30-day education membership
- No recurring fees
- No minimum trading days
- Multiple tradable assets
- Limited profit splits without paying extra
- Restrictive maximum loss limit
- Few education tools after 30 days
My Forex Funds
- Rewards program for successful traders
- Up to 90% profit splits
- 24/7 support team
- Instant funding option
- Active community
- Lack of educational resources
- Short track record as a prop firm
- Confusing equity drawdowns
The Funded Trader
- Excellent profit splits
- Funding up to $1.5M
- Multiple tradable assets
- 1:200 leverage
- Amazing community
- No free trial
- Lack of educational resources
- Systems glitches during competitions
- Manage up to $2M
- Trade multiple assets
- No minimum trading days
- Excellent customer support
- Speedy payouts
- Strict evaluation process
- 30-day trading period limits
- No telephone customer support
FTMO is the premier proprietary trading firm for forex traders. FTMO has a unique 2-step evaluation process to discover trading talent. Successful traders can remotely manage an account with a balance of up to $400,000. FTMO's educational resources, account analysis, and performance coaching provide traders with the tools and support to achieve financial independence. Join FTMO and start trading with confidence.
SurgeTrader is a solid proprietary trading firm that provides capital to skilled traders. It offers simple rules, optional add-ons, and multiple packages. While it has its issues, SurgeTrader is an excellent overall option for prop traders.
My Forex Funds is one of the best proprietary trading firms in the market. It offers multiple account options, speedy payouts, and rewards for successful traders. While it lacks educational resources, My Forex Funds is still an excellent option for most traders.
The Funded Trader is a good prop firm for traders who need capital. It offers multiple program options, impressive profit splits, and monthly competitions. While it has drawbacks, such as slow customer support, it is an overall solid prop firm.
Fidelcrest will help you to evaluate, train and maximize your trading potential. With access to our exclusive trading strategies and skills, you can expect to make sustainable long-term profits. Backed by our cutting-edge technology and experienced staff, investing with us is easy and secure. Join Fidelcrest today and take your trading career to the next level.
A Closer Look at our Top Crypto Prop Trading Firms
FTMO: Best for Education Category
- What we love about FTMO: FTMO is one of the most trusted proprietary trading firms in the industry. With excellent profit splits and fast scaling plans, it’s an excellent choice for crypto traders of all kinds.
- Who FTMO is good for: Beginners and traders looking to grow their skills. FTMO offers an arsenal of educational resources, including their Trading Academy’s tutorials, webinars, and mentors. You can also access educational apps to help track trades and understand the crypto market.
Read our FTMO Review for more information.
SurgeTrader: Best for Big Balances
- What we love about SurgeTrader: This prop trading firm offers simple rules, multiple trader programs, and access to large starting balances.
- Who SurgeTrader is good for: Crypto traders seeking massive amounts of capital. SurgeTrader lets you handle a whopping $1,000,000 after passing the evaluation; most crypto prop trading firms make you progress through a scaling plan to access this much money.
Read our SurgeTrader Review for more info.
My Forex Funds: Best for Instant Funding
- What we love about My Forex Funds: My Forex Funds offers up to 100% profit splits, speedy payouts, and multiple programs for traders to choose from.
- Who My Forex Funds is good for: Skilled crypto traders seeking instant funding. You can sign up for the Accelerated Program to skip the evaluation process and start trading on day one.
Read our My Forex Funds Review for more.
The Funded Trader: Best for Community
- What we love about The Funded Trader: This prop trading firm offers unbeatable profit splits, speedy payouts, and scaling plans with massive opportunities for growth.
- Who The Funded Trader is good for: Crypto traders seeking community. TFT offers monthly competitions where traders can compete with each other to win prizes. They also host a thriving Discord channel with over 66,000 members to chat with.
Read our Funded Trader Review for more info.
Fidelcrest: Best for Experts
- What we love about Fidelcrest: Fidelcrest offers excellent profit splits, zero minimum trading days, and the option to handle up to $2,000,000 with a scaling plan.
- Who Fidelcrest is good for: Expert crypto traders. You can get funded fast and access more capital by proving your profitability. With limited educational tools, Fidelcrest is ideal for skilled traders with a proven strategy.
Read our Fidelcrest Review for more information.
A Beginner’s Guide to Crypto Prop Firms
What is a crypto prop trading firm?
Crypto prop trading firms provide talented traders with the funding and tools necessary for navigating cryptocurrency markets.
With backing from a proprietary trading company, you’ll gain access to valuable resources, allowing you to grow your profits while avoiding risks associated with using your own money.
These firms take a percentage cut of any earnings generated through trades made on their platform as part of their agreement.
Despite this fee structure, working with such an organization is still an excellent opportunity for traders looking to enhance their skills and achieve financial success without having large amounts of personal funds at risk.
Pros and cons of using a crypto prop trading firm
See the table below for our breakdown of the pros and cons of joining a crypto prop firm!
Get funded without risking your own capital
Access educational resources and tools
Join a community of like-minded crypto traders
Earn more than you would at an investment banking job
Prop firm fees may be high
Prop trading firms are less regulated
You must share your profits with the prop trading firm
When you shouldn’t join a crypto prop trading firm
Crypto prop trading firms may not be suitable for everyone. It might not align with your career goals if you prefer stability or are risk-averse — and if that’s the case, you might want to rethink trading as a career.
Additionally, reputable organizations require traders to pass skill-based assessments before full-time employment opportunities. Choose legitimate entities with high-profit shares, practical rules surrounding trades made through their platform(s), and positive reputations among other industry participants!
How we choose our top crypto prop trading firms
We have carefully chosen our selection of the best crypto proprietary trading firms, taking into consideration various categories. These categories include:
- Challenge difficulty— How strict are the prop firm’s rules? How hard is it to pass the trading challenge?
- Profitability— What percentage of their own profits can traders keep? Does the prop firm allow for growth?
- Educational resources — How many educational resources and trading tools does the prop firm offer its traders?
- Customer support — Does the prop firm have a helpful customer service team? How easily can you get in touch with them?
- Community engagement — Does the prop firm make an effort to foster a sense of community? Do they have a Discord where traders can connect with each other?
Frequently Asked Questions
Which prop firms allow crypto trading?
Here’s a list of prop trading firms that allow crypto trading, including our top picks:
– My Forex Funds
– The Funded Trader
Is FTMO the best crypto prop firm?
FTMO is considered the best crypto prop firm by many traders. We ranked it as number one due to its excellent profit splits, top-tier educational resources, and unrivaled customer support.
Are crypto prop trading firms worth it?
Crypto prop trading firms can be lucrative, but their worth depends on your risk tolerance and investment objectives. For experienced traders, these companies provide access to advanced tools, while new traders should proceed cautiously and conduct thorough research before choosing a firm to partner with.
How do I become a trader at a crypto proprietary trading firm?
Crypto prop firms seek experienced traders with profitable track records in cryptocurrencies or other financial instruments. You’ll likely need to pass an evaluation process testing your skills before being accepted as a trader.
How much do crypto prop traders make?
Crypto prop traders earn varying amounts based on their skills and experience. Typically, they receive a percentage of profits from trading strategies. Good prop traders should expect to make between 200k and 400K USD annually (as of 2021).
The Bottom Line
With our rankings of the best crypto prop firms, we hope to have brought you closer to finding an option that works for you. However, as the proprietary trading industry continues to expand, you may want to explore even more trading options.
That’s why we’ve created a list of the Top Prop Trading Firms in the industry, which can provide you with valuable insights and guidance to make informed decisions and succeed in your trading endeavors. Best of luck and happy trading!