For over a decade, DailyForex has been the trusted forex broker authority, and we've extended that same rigorous approach to the evaluation of proprietary trading firms. Our prop firm listings highlight the top-performing firms in specific categories, from instant funding to firms supporting EAs and copy trading. Each recommendation is the result of detailed analysis and strict criteria, ensuring traders can find the best match for their trading goals. Learn more about our methodology and how we maintain editorial integrity here.
Cryptocurrency trading continues to expand, with global market cap exceeding $2.25 trillion in 2024.
It is also often a highly volatile market. Consider trading with crypto prop firms to minimize the risk to capital. Should you pay for a challenge to get a funded account with the best crypto prop firms?
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- Hola Prime, The best prop firm for ultra-fast withdrawals.
- Funded Fast, .
- Funded Trading Plus, .
- DNA Funded, .
- FundingPips, .
- Goat Funded Trader, The best prop firm for a monthly salary.
Hola Prime
In Summary The best prop firm for ultra-fast withdrawalsI rank Hola Prime among the best crypto prop firms for its low costs, ranging between $48 and $1,499 for one-step and two-step evaluations of portfolios between $5,000 and $300,000. Skilled traders can scale portfolios up to $4M. Hola Prime requires at least two trading days per challenge. Traders can access evaluation-free Direct accounts for a one-time fee between $129 and $2,249.
Hola Prime offers traders a choice between the MT5, Match Trader, cTrader, and DXtrade trading platforms. The maximum daily drawdown permitted is between 3% and 5%, with a maximum between 5% and 8%. Customer support is available 24/7.
Pros & Cons
- A maximum profit share of 95%
- Four trading platforms
- Scalable accounts up to $4M
- One hour payouts
- Reletively newer firm (around one year old)
Funded Fast
In SummaryI rank FundedFast among the best crypto prop firms for scaling, as a five-level scaling plan increases the balance by 25% each level, with profit target requirements, minimum trading day requirements to promote steady progress, and tighter drawdown limits to enhance professional trading discipline. FundedFast also allows profit withdrawals via crypto, but the best trading day cannot exceed 50% of profits to qualify for payouts. The profit target is 10%, except for a 5% profit target for the second phase of the two-phase challenge. Traders must also comply with the daily loss limit of 5% and a maximum drawdown of 10%.
FundedFast offers six trading challenge accounts, ranging from $5,000 to $400,000, with fees between $49 and $2,999. The Trader Success Team curates short videos for prop traders, while the FundedFast University offers a total of 20 lessons. Affiliates can earn up to 30% on each referral and challenge.
Pros & Cons
- Profit share 90%
- Free retry if rules are followed
- Low evaluation fees starting at $49
- Single-phase evaluation with no time limits
- Rewards are not always clear
Funded Trading Plus
In SummaryCrypto traders can trade BCH/USD, BTC/USD, ETH/USD, and LTC/USD through FundedTrading Plus. Non-US traders have access to four platforms, including MT5 and cTrader, and FundedTrading Plus permits EAs during the evaluation and simulated live trading phases. While the starting profit split is 80%, traders can upgrade to 90% after 20% profitability from their starting balance, followed by 100% at 30%. This places FundedTrading Plus among the best crypto prop firms.
FundedTrading Plus has a 4.6 out of 5.0 rating on Trustpilot. Andrew Lockwood, a former UK trader on the London Stock Exchange, leads the educational initiative at FundedTrading Plus, which developed PropIQ. It is a cutting-edge analytics platform that helps traders identify and reduce errors. A total of 24 account configurations allows traders to configure their accounts to suit their trading mentality. FundedTrading Plus has a minimum fee of $119 with a maximum of $4,500. The scaling program maxes out at $2.5M.
Pros & Cons
- Clear and aggressive scaling plan up to $5M+
- Generous profit share up to 100%
- No time limits on challenges
- Multiple funding models to suit different traders
- Drawdown rules can be a bit complex
DNA Funded
In SummaryI rank DNA Funded among the best Forex prop firms for its low evaluation fees. Traders pay $49 to $1,209 for portfolios between $5,000 and $200,000. Traders can choose among 16 challenges and one-phase, two-phase, and 10-day rapid evaluations. DNA Funded offers add-ons to increase the profit share up to 90% and decrease the payout frequency to seven days.
Prop traders will trade via the TradeLocker platform. The maximum daily drawdown is 5% for the one-step evaluation, 6% for the two-step alternative, and 4% for the 10-day challenge, with a maximum drawdown of 6%, 10%, and 5%, respectively.
Pros & Cons
- Maximum profit share of 90%
- Max allocation of funded accounts up to $600K
- Transparent trading conditions with TradeLocker login details
- A well-balanced asset selection of 800+ assets
- Limited operational history
FundingPips
In SummaryFundingPips offers MT5, cTrader, and MatchTrader. It promises zero reward denials for funded traders, who can manage up to $300,000. Instant funding exists, with bi-weekly payouts and a 95% profit share. There is no profit target; the maximum daily loss is 3%, with a 5% maximum drawdown. The 15% profit consistency rule applies, and traders must trade for 7 days for payouts. It places FundingPips among the best prop firms.
The one-step evaluation has a maximum loss of 6%, and traders must trade for at least 3 days with a 10% profit target. The two-step alternative has a maximum daily loss of 5%, an overall drawdown of 10%, and profit targets of 8% and 5%. Traders who opt for monthly payouts qualify for a 100% profit share. FundingPips Pro lowers the profit target to 6% while decreasing the maximum daily loss to 3% and the maximum drawdown to 6%.
Pros & Cons
- Profit share between 80% and 100%
- ISO accredited for security and systems
- Low evaluation fees
- Over $170M paid in rewards
- 3 minimum trading days
Goat Funded Trader
In Summary The best prop firm for a monthly salaryGoat Funded Trader is a unique prop trading firm offering qualifying traders a monthly salary between $300 and $500. It also ranks among the prop firms with the lowest evaluation fees, with a maximum profit share of 100%. Other benefits include instant funding, no hidden rules, and a reward guarantee. The profit targets range between 6% and 10% with daily drawdowns between 3% and 4%, and maximum drawdown between 6% and 8%. Therefore, I rank Goat Funded Trader among the best prop firms.
Traders can use MT5, TradeLocker, or Match Trader with commission-free trading on select assets.
Pros & Cons
- 100% in-house technology
- $9.1M+ paid out to traders
- 111K+ active accounts from 98K+ traders
- Processes 36K+ traders daily
- No equity trading
Top Crypto Proprietary Trading Firms
Few pure crypto prop firms exist, but many prop trading firms offer cryptocurrency trading via their partner brokers. Most retail prop trading firms that feature paid-for evaluation challenges only grant access to demo accounts after prop traders successfully pass a challenge.
The best crypto prop firms allow cryptocurrency trading via CFDs and usually restrict trading to a handful of highly liquid cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, and Dogecoin. NFTs and meme coins are generally unavailable, except for Dogecoin after it matured into a Top 10 cryptocurrencies by market capitalization, as crypto prop firms tend to partner with well-established top-end crypto brokers who stay away from high-risk assets.
How Were These Crypto Prop Trading Firms Chosen and Rated?
Traders can use numerous metrics to rate crypto prop firms based on their requirements and preferences, but I have used the below attributes as they apply to all traders and strategies.
Here is how I chose and rated the crypto prop firms:
- Challenge difficulty - Passing the challenge is the first step, and quality prop firms must have reasonable conditions from daily drawdown limits, maximum drawdown limits, profit targets, and minimum trading days
- Evaluation fees - High evaluation fees are a red flag that the prop firm relies exclusively on them for revenues and not trading
- Trading fees - They determine how competitive the trading environment is and can determine which strategies have the highest profit potential
- Trading platforms - The available trading platforms directly impact trading strategies a prop trader can use
- Profit split - This is the percentage of profits prop traders get to keep, and traders should stay away from prop firms that offer less than 80%
- Asset selection - A balanced asset selection ensures greater diversification, trading opportunities, and profit potential
- User Rating - Prop traders should take each review with a degree of skepticism, but many negative reviews are a significant red flag
- Customer support - The ease of contacting customer support and their response time is a core element between prop traders and crypto prop firms
What Is a Crypto Proprietary Trading Firm?
Crypto prop firms provide capital to traders, who receive a contract, a regular salary, and a performance-based bonus. Retail prop firms function differently, rely on funded challenges, and keep prop traders running demo accounts while providing a generous profit split. The industry relies on income from challenge fees rather than trading, but a few exceptions exist. Therefore, prop traders must conduct due diligence before paying the challenge fee.
How Should I Choose a Crypto Prop Firm?
Every trader has requirements and preferences, but the criteria below apply to all traders and crypto prop firms.
The best crypto prop firms must excel at the following:
- Reputation and track record - Avoid crypto prop firms with less than five years of operational history and many negative reviews
- Evaluation fees - Expensive costs are a red flag, as they suggest the prop firm relies on them for income instead of trading
- Profit split - Never accept a deal with less than 80 profit split in your favor
- Trading platforms - Ensure the trading platform supports automated trading to ensure up-to-date technology powers operations
- Internal risk management - The best crypto prop firms deploy strict risk management, and its absence is a red flag
What Can You Trade with a Crypto Prop Firm?
Most crypto prop firms are retail prop firms that offer cryptocurrency CFDs. The asset availability depends on the partner broker of crypto prop firms and any restrictions the crypto prop firm implements. Most crypto prop firms only offer a few of the most liquid and well-capitalized cryptocurrency CFDs.
How Big Are the Funded Accounts?
Crypto prop firms provide traders with various funded accounts. During my research, the smallest accounts option was $5,000, and the largest scaled to $2,000,000. The evaluation fee depends on the desired account size, and prop traders cannot change it after passing verification.
How Much Is the Profit Split?
The profit split at most crypto prop firms ranges between 80% and 90%. Prop traders should ignore anything less than 80% but consider paid-for add-ons that increase the profit split between 95% and 100%.
Are Crypto Prop Firms Legit?
Crypto prop firms are legitimate businesses duly registered in their jurisdiction but remain unregulated. Regrettably, the retail crypto prop firms scene is cluttered with fraud and scams.
Crypto Prop Firms – Pros and Cons
Prop traders should evaluate the pros and cons of crypto prop firms before considering paying for the challenge fee.
Crypto Prop Firm Pros
- Risk-free capital
- Earnings potential
- Risk management
- Career path
- Performance coaches
Crypto Prop Firm Cons
- Limited asset selection
- Most crypto prop firms rely on evaluation fees as income rather than trading
- No live trading, as prop traders get demo accounts
- Fraud and scams
- Educational material to entice unqualified beginners to pay evaluation fees
- High stress levels
Bottom Line
Most crypto prop firms provide traders with capital in demo accounts, paid-for evaluations, and generous profit splits. Only the best crypto prop firms include a path to becoming prop traders who manage live portfolios with a fixed salary.
