- What is Crypto Prop Trading Firm?
- Is Crypto Good for Prop Trading?
- Best Prop Firms for Crypto Trading
- List of Prop Firms for Crypto Trading
What is Crypto Prop Trading Firm?
Crypto Prop trading firm is a company that allows trading of cryptocurrencies using or working with Company money, rather than using clients’ own funds. This model is known as proprietary trading or prop trading where Trader is eventually Funded Trader operating capital of the Company.
Prop trading firms are distinct from brokers, such as those found in Crypto trading. They are companies that primarily cater to professional traders by offering an opportunity to pass an evaluation or trading test. Successful candidates become funded traders, receiving a funded account to trade with the firm’s money.
Learn more about Prop Trading on this page, or explore the Wikipedia article on Proprietary Trading for additional information.
Is Crypto Good for Prop Trading?
When choosing a Prop Trading firm to partner with, it’s crucial to thoroughly examine the range of instruments they offer for trading. This is because not all Prop firms may provide cryptocurrency trading options, and the overall selection of available markets is entirely determined by the individual firms themselves.
In this section, we compile essential points to consider when engaging in cryptocurrency trading within a Proprietary Trading Firm or a funded account:
- Cryptocurrencies are known for their extreme price volatility. While volatility can provide significant trading opportunities yet Crypto drawdowns and risks are increased, which is not so beneficial with numerous rules applicable to Prop Trading account or at the evaluation stage, which might result in account loss.
- Cryptocurrency markets operate 24/7, which can be both an advantage and a challenge. Traders need to be prepared for round-the-clock monitoring and trading, which may not align with everyone’s lifestyle.
- Liquidity can vary significantly among different cryptocurrencies. Major cryptocurrencies like Bitcoin and Ethereum tend to have higher liquidity, making them more suitable for Prop Trading. However, less popular tokens may have lower liquidity, making it challenging to execute large trades, also necessary to check what rules are applicable to Crypto Trading on the prop firm you trade with
- It is strongly advised to thoroughly review all the particulars and regulations governing the Proprietary Trading Evaluation and activities within a funded account. It is crucial to examine all the aspects of the evaluation process and trading tests. Typically, there are various rules and constraints in place, which apply limitations on trading strategies, constraints on news-related trading, the allowance of only day trading or acceptance of swing trading, all of which can have an impact on both your evaluation progress and the activities within your funded account. Indeed, in Proprietary Trading, the utmost importance lies in adhering to the rules and criteria established by the Proprietary Trading Firm itself, as any breach may result in a loss of the funded account or failure to pass the evaluation.
| 💰 Costs | Trader have to Pay Trading Test Fee based on Account Size selected |
| 💳 Spread/ Commission | For Crypto Instruments typically Commission Basis |
| 📉 Trading Strategy | Depend on Prop Firm - usually some strategies are restricted |
| 📈Leverage | Yes (Depend on Prop Firm) |
| 💰Contract size | Micro Lot, Standard Lot (Depend on Prop Firm) |
Best Prop Firms for Crypto Trading
Here, we’ve made a list of leading Proprietary Trading Firms that excel in cryptocurrency or digital currency trading. We’ve categorized them based on their exceptional trading conditions, making them excellent choices for individuals aspiring to become funded traders. Our top Proprietary Trading Firm selection comprises reputable companies, prioritizing safety and reliability.
- FTMO — Best Overall Crypto Prop Trading Firm 2024
- The Funded Trader — Highest Crypto Paying Prop Trading Firms 2024
- E8 Funding — Best High Leverage Crypto Prop Trading Firm 2024
- SurgeTrader — Best Day Trading Crypto Prop Firm 2024
- True Forex Funds — Best Online Prop Crypto Trading Firm 2024
List of Prop Firms for Crypto Trading
These are well-established Proprietary Trading Firms that are well-suited for cryptocurrency trading within funded accounts, offering a variety of options.
| Broker | Detail | |
|---|---|---|
 T4TCapital | Min. Deposit: $100 Max. Leverage: 1:10 Trading Platforms: MT4, MT5, TradingView Regulation: UK | T4TCapital Review |
 Take Profit Trader | Min. Deposit: $150 Max. Leverage: — Trading Platforms: NinjaTrader, Tradovate, RTrader Regulation: USA | Take Profit Trader Review |
 The Funded Trader | Min. Deposit: $289 Max. Leverage: 1:200 Trading Platforms: MT5, MT4 Regulation: US | The Funded Trader Review |
 TopTier Trader | Min. Deposit: $70 Max. Leverage: 1:100 Trading Platforms: MT5, MT4 Regulation: US | TopTier Trader Review |
 TradeDay | Min. Deposit: $99 Max. Leverage: — Trading Platforms: Tradovate, NinjaTrader Regulation: USA | TradeDay Review |
 Traders with Edge | Min. Deposit: $95 Max. Leverage: 1:100 Trading Platforms: MT5, MT4 Regulation: Hong Kong | Traders with Edge Review |
 Traders4Traders | Min. Deposit: $100 Max. Leverage: 1:10 Trading Platforms: MT5, MT4 Regulation: Australia | Traders4Traders Review |
 Traderseed | Min. Deposit: $100 Max. Leverage: 1:100 Trading Platforms: MT4 Regulation: Malta | Traderseed Review |
 UProfit | Min. Deposit: $89 Max. Leverage: — Trading Platforms: NinjaTrader, R Trader, R Trader Pro Regulation: USA | UProfit Review |
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