Best Crypto Prop Firms in 2024. Venturing into the world of crypto prop trading can be thrilling and with funding provided by the firm, traders are offered an opportunity to amplify their potential earnings. However, alongside this significant advantage comes increased responsibility, as traders must exercise caution to navigate the volatile crypto markets with the allocated capital. This article will uncover the best crypto prop firms, each offering its benefits and features to propel traders to new heights. From crypto selection, and profit splits to the community-centric approach, these prop firms offer traders unique opportunities in the industry.
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What are crypto prop firms?
Crypto prop trading firms, also known as proprietary trading firms, provide traders with access to significant amounts of capital for crypto trading. These firms are typically well-funded and offer traders access to advanced trading platforms, tools, resources, personalized support, and training. Crypto prop trading firms allow traders to keep a percentage of their profits, while the firm also profits from a portion of the traderās earnings. This profit-sharing model incentivizes traders to perform well and ensures that both parties are invested in the success of the trading activity.
Best Crypto Prop Firms
Below are the best crypto prop firms
SurgeTrader
SurgeTrader is a prop firm that offers traders substantial capital, after successfully passing the evaluation stage, traders can unlock funded accounts with starting balances of up to $1,000,000, allowing them to leverage significant capital to maximize their earning potential.
With a generous profit split of 75% or 90%. SurgeTrader enables traders to retain a significant portion of their profits. This is combined with a flexible trading environment that supports overnight positions, news trading, and advanced strategies such as EA and hedging.
Powered by the MetaTrader 4 platform, SurgeTrader offers an impressive range of over 200 crypto crosses, featuring popular cryptocurrencies, such as Bitcoin, Litecoin, and Ethereum.
The Funded Trader
The Funded Trader stands out for its industry-leading profit splits and rapid payout. Their innovative scaling plans and community-building initiatives, like monthly competitions and an active Discord channel, foster a vibrant and collaborative trading environment. Traders can trade cryptocurrencies, like Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), and Ethereum (ETH), the Funded Traderās simple trading rules and attractive leverage of up to 1:2 encourage growth.
Fidelcrest
Fidelcrestās innovative approach to prop trading provides traders with an array of account sizes and subscription fee options, allowing them to tailor their trading experience to their specific capital requirements. With support for a diverse range of tradable assets, including Forex, cryptocurrencies, indices, precious metals, commodities, and shares, their offerings cater to traders of all preferences and strategies. Once traders have successfully passed the assessment and verification stages, they can start trading in US dollars through the FXCH Forex broker, leveraging up to 1:100. This provides ample room for growth, particularly for those interested in cryptocurrency trading. The choice of cryptocurrencies available for trading at Fidelcrest is a diverse one, including Tether (USDT) Basic Attention Token (BAT), Litecoin (LTC), and Ethereum (ETH). These digital currencies are each unique and offer different investment opportunities, catering to traders seeking a variety of exposure to the world of cryptocurrencies.
FTMO
FTMO has firmly established itself as an industry leader in prop trading, particularly in the Forex market. The firmās evaluation process offers traders the tools and expertise to develop their skills and maximize their potential by combining educational resources, account analysis, and performance coaching. Successful traders at FTMO have the potential to manage accounts with balances of up to $400,000, enabling them to take advantage of significant trading opportunities. The firm offers traders access to a rich selection of cryptocurrencies, From Bitcoin (BTC), Polkadot (DOT), Ethereum (ETH), Cardano (ADA), and Dogecoin (DOGE), FTMO offers a comprehensive range of coins for traders to diversify their portfolios and explore the world of crypto trading.
Pros of a crypto prop firm
- Increased Funding: Traders gain access to more capital, allowing them to pursue larger trades and achieve higher returns.
- Enhanced Technology: Crypto prop firms offer advanced trading platforms and tools, enabling traders to analyze market trends, execute trades swiftly, and optimize their trading strategies.
- Research and Analysis: Prop firms typically provide traders with comprehensive market research, analysis, and expert guidance, helping them make informed trading decisions.
- Supportive Community: Many prop firms have a strong community of traders who share ideas, provide support, and offer insights, helping each other become better traders.
Cons of a crypto prop firm
- Evaluation Process: Traders must pass an evaluation process before being accepted as a funded trader, which can be stressful and time-consuming.
- Profit Sharing: Traders must share their profits with the firm, The precise profit sharing ratio varies between firms.
- Trading Rules: Crypto prop firms often have strict trading rules and risk management policies that traders must adhere to.
