These firms provide traders with capital to trade cryptocurrencies in exchange for a portion of the earnings. To obtain funding, traders must complete a competition, which is a formal evaluation of their talents and strategy.
Crypto Prop Trading firms, such as HyroTrader, provide a scaled model in which successful traders handle growing amounts of cash based on their performance.
HyroTrader, BrightFunded, and CryptoFundTrader are three of the top cryptocurrency prop trading firms. HyroTrader provides both demo and real-funded accounts, whereas BrightFunded provides a unique simulated trading environment with a 100% profit split and access to over 35 cryptocurrency pairs. CryptoFundTrader allows traders to trade numerous financial assets using virtual funds, with the potential for real profits.
#1 HyroTrader
REVIEW SUMMARY
HyroTrader is a Slovakian crypto prop firm founded in 2023, offering instruments like crypto spot, crypto futures, and crypto options.
FEATURES
Instruments include Crypto Spot, Crypto Futures, and Crypto Options.
The firm offers a scaling plan, which allows for a 25% increase every 4 months. HyroTrader offers a maximum balance of $1,000,000 and a profit split of up to 90%., with the trader receiving 90% of the profits and the firm keeping 10%..
HyroTrader also accepts EAs, Algos, and Bots, allowing traders to use pre-configured bots or create their own trading bots.
Cost: from $89 (challenge fee is refundable with the first profit split). HyroTrader also offer a free trial.
This prop firm has a proprietary and web platform.
PROS AND CONS
What I like:
You can trade real cryptocurrency rather than CFDs on a ByBit sub-account.
Both cryptocurrency spot and futures contracts are offered.
Leverage up to 1:100.
The challenge fee is refundable with the first profit share.
After the demo simulated account, you can trade with real capital.
What might be improved:
Payments are made using cryptocurrency.
You can only trade cryptocurrency.
#2 Crypto Fund Trader
REVIEW SUMMARY
Crypto Fund Trader is a Swiss crypto prop firm that specializes in funding crypto trading accounts and offering CFDs instruments like Forex. It was founded in 2024.Unlike many other prop firms, Crypto Fund Trader maintains a no-time-limit policy, allowing traders to focus on developing long-term trading strategies.
FEATURES
This prop firm offers over 500 trading instruments, including cryptocurrencies, forex, metals, commodities, stocks, crypto spot, and crypto futures, allowing traders to diversify their portfolios across different asset classes. Pricing is structured based on capital investment, with options for $10,000, $25,000, $50,000, $100,000, and $200,000 capital. The maximum balance for a crypto fund trader account is $1,280,000.The leverage for these accounts varies depending on the asset type and instrument type.The Crypto Fund Trader payout is 80% of the profits made by the trader, with the company keeping the remaining 20%. However, there is an exception for the Instant Funding programs, which start at 50% and increase up to 90% as the account is scaled.
Crypto Fund Trader offers an instant funding program with three levels of balance: $2,500, $5,000, and $10,000. These accounts can be scaled up to $1,280,000.
The 2-Phase program requires passing a 2-phase challenge before getting a funded account.
Trading News Events: Traders can react swiftly to market-moving news events.
Overnight and Weekend Holding: Crypto Fund Trader permits traders to hold positions overnight and over weekends.
Cost: starting at $55.
Crypto Fund Trader also provides a free trial of all platforms provided by the firm, including MetaTrader 5, Crypto Fund Trader platform, and Crypto Futures platform.
PROS AND CONS
What I like:
Focused on cryptocurrency, but also provides Forex and other CFD instruments.
There are many options, including instant funding, one-phase, and two-phase-challenges.
MetaTrader 5 platform is available.
Accounts are scalable.
Advanced accounts have a leverage of 1:100.
What might be improved:
Profits are shared 80%. Could be better, but it’s not awful.
Some accounts have a maximum leverage of 1:30.
#3 BrightFunded
REVIEW SUMMARY
BrightFunded is open to traders of all backgrounds and levels of experience, with a minimum age requirement of 18 years old.The platform offers opportunities for skill showcase and growth, with Exceptional performance on the platform potentially leading to eligibility for the firm’s scaling plan, a pathway to significantly increased earnings.
FEATURES
BrightFunded offers a wide array of trading instruments, including cryptocurrencies, forex pairs, indices, commodities, and stock trading. The scaling plan by BrightFunded allows traders to significantly enhance their account size, with the potential to reach up to $400,000. To qualify, traders must demonstrate consistency in their trading activities over a period of at least four months, with a minimum profitability of 10%.
Cost starts at $55.
PROS AND CONS
What I like:
Access to educational resources
Up to 100% profit share
Diverse Instruments
Scalable Accounts
Refundable Fees (if passing the challenge)
What might be improved:
No Free Trials:
Limited Challenge Options: Currently, the firm offers only one challenge type, which may not cater to all traders’ needs.