Crypto prop trading firms offer significant advantages for both novice and seasoned traders in the cryptocurrency market. For beginners, these firms provide access to additional capital, allowing them to experiment with trading strategies in a supportive environment. On the other hand, experienced traders can leverage these prop firms to enhance their profitability.
Not all crypto prop firms are created equal, and it’s crucial to understand the differences before getting involved. Some firms may charge significantly higher fees, which can eat into your profits, while others impose more restrictive trading rules that could hinder your strategies.
In this guide, we’ll explore five of our top crypto prop trading firms for 2024 and provide all the essential information you need to know about trading with a prop firm.
Best Crypto Prop Trading Firms
1. HyroTrader: Trade Crypto Directly on Bybit Like a Pro!
HyroTrader stands out as one of the few crypto prop trading firms that offers direct access to a major exchange—Bybit—for trading. This provides a significant advantage for seasoned crypto traders seeking a broader selection of tokens, along with assets like perpetual crypto futures and leveraged tokens. Additionally, it ensures quicker executions and access to order book data not typically available on most multi-asset trading platforms.
HyroTrader offers traders a unique opportunity to undergo a 2-step evaluation process with no time constraints, allowing them to showcase their trading skills at their own pace. The plans begin with a one-time fee of $89, granting access to a simulated account with a balance of $5,000.
Once traders successfully pass the evaluation and receive funding, they will benefit from an initial profit split of 70%. This split can increase to as high as 90% over time, rewarding traders for their performance and commitment.
It’s important to highlight that the platform is highly selective when it comes to accepting traders for funding. Although HyroTrader has a global community of over 9,000 traders, currently, only about 180 of them have secured funding.
Key Features of HyroTrader:
- Earn up to 90% profit split
- Accounts up to $100,000
- Trade directly on Bybit
- Supports trading on 500+ crypto tokens
2. OFP Funding – Accounts Starting at Just $18.25/Month!
OFP Funding is an instant funding prop firm that allows you to buy an account and start trading with live funds right away—no challenges necessary. This simplifies the onboarding process and reduces the time to your first payout to just a few days instead of weeks.
With OFP Funding, you have the freedom to select your account size (ranging from $5,000 to $200,000), set your maximum daily drawdown (between 3% and 5%), and decide on your profit split (from 26% to 80%). You can also choose your payout frequency, currency, and maximum inconsistency score.
This flexibility allows you to grow your account as your trading skills advance and you aim for larger payouts. You can trade using cTrader, Match Trade, or TradeLocker, providing you with a variety of tools to implement your preferred strategies. Basic accounts start at just $18.25 per month, making OFP Funding an excellent option for beginner prop traders.
3. The 5%ers: For Every Trading Strategy – Accounts Starting at Just $39!
The 5%ers is a highly adaptable prop trading firm that offers support for crypto, stock, forex, commodities trading, and more. As one of the leading prop trading firms, it caters to everyone from day and swing traders to algo traders and scalpers. Consider it a versatile platform perfect for testing out various strategies.
We particularly appreciate The 5%ers for its various options to earn a funded account. Through the High Stakes Challenge, you can secure an 80% profit split for just a one-time $39 fee during the evaluation phase. This challenge consists of two steps and has no time constraints for meeting requirements.
Alternatively, the Bootcamp program lets you tackle a series of challenges, with payment only required upon success. The Hyper Growth program starts at $260 and features a one-step evaluation, providing the quickest route to a funded account with up to a 100% profit split.
4. BrightFunded: Earn Weekly Crypto Payouts with Up to 90% Split!
BrightFunded is notable for its quick weekly payouts. Payments are processed in under 4 hours, and you can receive your earnings in USDT directly to your crypto wallet. Depending on your account type, you can retain up to 90% of your trading profits.
BrightFunded provides accounts from €5,000 to €400,000, with a one-time account fee starting as low as €55. The evaluation challenge consists of two phases, each with no time constraints. You only need to adhere to your account’s profit and maximum drawdown rules, which are quite manageable.
It’s important to mention that BrightFunded features its own trading platform rather than offering access to MetaTrader or other well-known platforms. Although the BrightFunded platform comes with a variety of analytical tools, it lacks support for algorithmic trading and expert advisors.
5. Trade The Pool: A Thrilling Prop Firm Challenge for Day and Swing Traders!
Trade The Pool is a proprietary trading firm specializing in stocks, ETFs, and cryptocurrencies, catering to both day and swing traders. To get started, you’ll need to pay a one-time account fee and successfully complete an evaluation period of up to one month. With relatively high maximum drawdown limits, the program offers a smoother path to funding.
What’s fantastic about Trade The Pool is that after you’re funded, you can retain up to 70% of your account profits. The platform offers growth incentives that support increasing your account’s value over time as you demonstrate consistency.
Trade The Pool offers traders personalized 1-on-1 coaching and a comprehensive analytics platform to enhance trading skills. You can open a day trading account starting at a one-time fee of $97, granting you up to $20,000 in buying power.
Conclusion
Crypto prop trading firms provide access to funded accounts, allowing you to trade with institutional capital without risking your own money. This can be incredibly beneficial for both novice and experienced traders seeking to manage larger accounts.
For 2024, we recommend HyroTrader Funding as the top choice for crypto prop trading. Sign up today and begin trading with a funded account!
Also Read: How to Use HyroTrader: Your Ultimate Guide
Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
