In the dynamic landscape of financial markets and cryptocurrency trading, Crypto Fund Trader emerges as a distinctive proprietary trading firm, offering traders a unique platform to hone their skills and potentially reap monetary rewards. In this extensive review, we will delve into every facet of Crypto Fund Trader, examining its evaluation process, trading rules, funding specifications, platform features, payout system, commissions, and much more.
Prop Trading Evaluation Process
2-Phases Evaluation
Crypto Fund Trader sets itself apart with a flexible evaluation process, providing both 1-phase and 2-phase programs tailored to accommodate diverse trading styles. They have very achievable targets with generous drawdowns and extensive trading periods. This ensures that you can trade a variety of strategies without feeling the pressure that can come when using some other crypto prop trading firms. Crypto Fund Trader also has high leverage on offer with zero or low fees.
Phase 1
- Profit Target: 8%
- Maximum Daily Loss: 5%
- Maximum Overall Loss: 10%
- Leverage: 1:100
- Spread: From 0 pips
- Indefinite Trading Period
- Registration Fee
Phase 2
- Profit Target: 4%
- Maximum Daily Loss: 5%
- Maximum Overall Loss: 10%
- Leverage: 1:100
- Spread: From 0 pips
- Indefinite Trading Period
- Free of charge
Funded Trader
- Profit Split: 80%
- Maximum Daily Loss: 5%
- Maximum Overall Loss: 10%
- Leverage: 1:100
- Spread: From 0 pips
- Indefinite Trading Period
- Free of charge
1-Phase Evaluation
Phase 1
- Profit Target: 10%
- Maximum Daily Loss: 4%
- Max Trailing Loss: 6%
- Leverage: 1:100
- Spread: From 0 pips
- Indefinite Trading Period
- Registration Fee
Funded Trader
- Profit Split: 80%
- Maximum Daily Loss: 4%
- Max Trailing Loss: 6%
- Leverage: 1:100
- Spread: From 0 pips
- Indefinite Trading Period
- Free of charge
Account Sizes and Funding Specifications
Flexibility is at the core of Crypto Fund Trader’s approach, evident in the array of account sizes offered for both 1-phase and 2-phase evaluations. Ranging from $5,000 to $200,000, traders can select an account size that aligns with their risk tolerance and trading goals. The funding program further sweetens the deal, providing traders with the potential to receive up to $200,000 upon successful completion of the evaluation phases, with the firm shouldering any incurred losses.
Trading Rules and Prohibited Strategies
In the pursuit of maintaining a fair and secure trading environment, Crypto Fund Trader has instituted specific rules and restrictions:
- Reverse Trading Rule: Traders are barred from creating opposite trades with a simultaneous duration equal to or exceeding 60 seconds. While opposite trades in different pairs are permissible, engaging in opposite trades in different currencies or on different accounts is strictly prohibited.
- 30 Seconds Rule: For no fees accounts, trades with a duration of less than 30 seconds cannot exceed 5% of the total trades. This excludes micro-lots from the calculation.
- Gambling/All Money in One Trade Rule: A daily and per-trade profit limit of $10,000 is enforced. Surpassing this limit results in the closure of active trades, with the surplus amount deducted.
- Prohibited EA Types: The platform explicitly forbids high-frequency trading, tick scalping, and arbitrage using trading robots or EAs.
Prop Trading Platform and User-Friendly Features
Crypto Fund Trader distinguishes itself by offering a proprietary trading platform designed for optimal user experience. This platform not only simulates real market conditions with spreads from 0 pips but also comes with minimal trade commissions. They are one of the only prop firms I have come across that has their very own platform, which for me shows that the quality of the product and services on offer. Additionally, traders can harness the power of the popular MetaTrader 5 platform for trading over 100 different crypto pairs, providing a comprehensive suite of tools for technical analysis and strategy implementation.
Payout System and Commissions
The default payout ratio of Crypto Fund Trader is set at 80:20, with traders retaining the lions share of 80% of the profits while the platform retains 20%. The payout process is streamlined, allowing traders to request disbursement through various methods, including bank transfers and cryptocurrencies. What further distinguishes Crypto Fund Trader is its claim of having the lowest commissions in the market. This, combined with one of the highest profit shares, make them a top prop firm for anyone looking to save and earn as much as possible with a good trading strategy.
Fee Structure:
- Crypto: 0.0125% per side
- Commodities: 0.0005% per side
- Stocks: 0.002% per side
- Forex: $1.5 per lot per side
- Indices: $0 per lot
Data Feed Providers
An additional layer of transparency and credibility is added to Crypto Fund Trader with the disclosure of some of its crypto data feed providers. These include well-known names in the industry such as Coinbase, Bitfinex, and Binance. Leveraging data from these reputable providers ensures that traders on the platform have access to accurate and timely information, enhancing their overall trading experience.
Trading Freedom and Strategies
Crypto Fund Trader stands as a proponent of trading freedom, permitting traders to explore various styles and strategies, including swing trading, intraday trading, and scalping. The platform supports high leverage (1:100) across all instruments, empowering traders to use appropriate lot sizes even with small stop losses. This flexibility caters to a wide spectrum of traders, from those seeking steady gains to those aiming for more aggressive profit targets.
News and Weekend Trading
Crypto Fund Trader affirms the freedom for users to trade irrespective of their chosen strategy, including news trading. The cryptocurrency markets operate 24/7, ensuring constant availability for traders. Forex, on the other hand, remains open 24 hours a day from Monday to Friday. Commodities, indices, and stocks follow specific schedules outlined within the platform, providing clarity on market availability.
Overnight Positions and Lot Size Limit
The platform allows traders to hold overnight positions, promoting the use of swing trading strategies. Furthermore, there is no lot size limit, with the lot size dependent on the available margin and leverage of the account.
Profit Management and Account Suspension
In the unfortunate event of a funded account facing suspension, Crypto Fund Trader has established a structured approach to profit management. Traders may be eligible for a partial disbursement of profits if specific criteria are met. Additionally, the platform offers a reset account option with varying prices based on the chosen account size.
Reset Account Prices:
- $5,000 2-phase reset account – $150
- $10,000 2-phase reset account – $285
- $25,000 2-phase reset account – $630
- $50,000 2-phase reset account – $945
- $100,000 2-phase reset account – $1560
- $200,000 2-phase reset account – $2994
- $5,000 1-phase reset account – $165
- $10,000 1-phase reset account – $315
- $25,000 1-phase reset account – $690
- $50,000 1-phase reset account – $1035
- $100,000 1-phase reset account – $1710
- $200,000 1-phase reset account – $3291
Conclusion
In conclusion, Crypto Fund Trader stands out as a comprehensive and transparent prop trading platform, providing traders with a multifaceted approach to skill development and profit potential. The structured evaluation process, encompassing both 1-phase and 2-phase programs, caters to a diverse range of trading styles and preferences. The flexibility in account sizes, ranging from $5,000 to $200,000, allows traders to align their risk tolerance with their financial goals.
One notable aspect that adds a layer of credibility to Crypto Fund Trader is the disclosure of its crypto data feed providers, including industry giants like Coinbase, Bitfinex, and Binance. Leveraging data from such reputable sources ensures that traders have access to accurate and timely information, enhancing their decision-making process.
The user-friendly proprietary trading platform, complemented by MetaTrader 5 integration, provides traders with a seamless and immersive trading experience. The low commissions, coupled with the 80:20 profit split in favor of the trader, further solidify Crypto Fund Trader’s commitment to fostering a favorable environment for its users.
The platform’s commitment to trading freedom, supporting various styles and strategies, is a key factor that sets it apart. Whether traders prefer swing trading, intraday trading, or scalping, the platform accommodates a broad spectrum of trading approaches. The high leverage across all instruments empowers traders to implement diverse strategies, even with smaller stop losses.
For those unfortunate instances of account suspension, Crypto Fund Trader adopts a transparent and structured approach to profit management. Traders may still be eligible for a partial disbursement of profits, emphasizing the platform’s dedication to fairness and supporting traders even in challenging situations.
In the ever-expanding world of cryptocurrency and financial markets, Crypto Fund Trader emerges as a noteworthy player, offering not just a trading platform but a chance for successful trading endeavors. As traders explore the opportunities presented by Crypto Fund Trader, it is essential to thoroughly understand and adhere to the platform’s rules and guidelines. With its commitment to flexibility, transparency, and competitive offerings, Crypto Fund Trader holds promise as a valuable partner in the journey towards financial success in the dynamic landscape of trading.
If you want to take part in any of these funded crypto challenges, you can sign up via the Crypto Fund Trader website and get started today!
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
