5 Best Crypto Prop Trading Firms Compared (Top List)

Crypto prop trading firms are solid options for traders looking to make high earnings but with low risk. They help traders earn money by bankrolling their investments with the firm’s funds and sharing a particular portion of their assets with the company. 

If you are looking for the best crypto prop trading firms to trade with, you have come to the right place. At WR Trading, we have evaluated the five best crypto prop trading firms available.

List of the 5 Best Crypto Prop Trading Firms:

#1 FundedNext

FundedNext tops our list of the five best crypto prop trading firms. Headquartered in UAE and established two years ago, it is one of the fastest-growing prop firms, reaching several traders from over 100 countries. They have also developed credibility, allowing them to compete with top names in the industry.

Our research has discovered that FundedNext is quite versatile, offering up to 10 cryptocurrency trading options, including XLM, ADA, DOG, XRP, BCH, LNK, LTC, BTC, ETH, and XMR. 

Another perk attached to this firm is the profit split, which can go up to 95% when traders start bringing in consistent value on their funded accounts. They also offer timely payouts, with a promise of a $1,000 payout if a withdrawal takes more than 24 hours.

Key Facts About FundedNext

#2 Instant Funding

Instant Funding makes it to our list at WR Trading as the second-best crypto prop trading firm. Headquartered in the UK, the firm has grown over two years, reaching 25,000 traders across 180+ countries. 

The firm is known for its commitment to providing traders with ample opportunities, including a vast profit share of up to 80%, weekly payouts, and a chance to scale up to 1.28 million dollars.

They also offer diverse cryptocurrencies for trading, including common ones like BTC, ETH, LTC, SOL, DOGE, BCH, XRP, DOT, and ADA.

Key Facts About Instant Funding

#3 The Trading Pit 

The Trading Pit is our third-best crypto prop trading firm. This firm is based in Liechtenstein and is known for its advanced technology and High-Frequency Trading methods. The Trading Pit has a one-step trading challenge and up to an 80% sharing model. 

It also provides trading opportunities across different assets, including cryptocurrencies. They allow traders to explore cryptocurrencies like BTC, ETH, LTC, DOT, LINK, ADA, and DSH.

With its hazard management approach, this prop firm aims to generate stable profit targets for beginners and newbies seeking flexibility. They also provide advanced trading tools on crypto funded accounts, including CME heatmap, Economic Calendar, Squawkbox, and StereoTrader.

Key Facts About The Trading Pit

#4 Crypto Fund Trader

Ranking fourth on our list, the Crypto Fund Trader is another crypto prop trading firm that supplies the necessary capital for professional traders and, in turn, shares their profits. 

Funded traders can trade across multiple markets, including cryptocurrencies like BTC, ETH, LTC, SOL, DOGE, BCH, and XRP. This firm finds traders with up to $200,000, earning 80% in profits.

Additionally, they offer a low funding barrier of a $60 registration fee and $5000 funding capital. There are also no trading restrictions on swing trading, scalping, and news trading. Finally, they provide a KYC verification, which ensures responsible crypto trading and security. 

Key Facts About Crypto Fund Trader

#5 FTMO

The last crypto prop firm on our list is FTMO, and the reason is not far-fetched. They offer one of the best crypto-simulated trading for new and professional traders. Using FTMO, you can trace major cryptocurrencies like BTC, ETH, LTC, XRP, DASH, XMR, ADA, DOGE, DOT, and NEO.

Since its inception a decade ago, the verification process and challenge rules have been transparent and user-friendly.

FTMO works by making its traders go through a two-step challenge. While the challenge might be intense, traders who are successful in the evaluation can be offered a balance of up to $200,000. FTMO is legally compliant and adheres to the European Financial guidelines. They also provide up to 90% in profit share.

Key Facts About FTMO

What Is A Crypto Prop Firm?

Crypto prop firms are proprietary firms that provide traders with capital to trade cryptocurrencies while sharing the profits earned. They have become relatively popular amongst traders because they allow them to access large amounts of capital without risking their funds, making earning more significant profits easier.

Which Cryptocurrencies Can You Trade With Prop Firms?

Prop Firms allow traders to trade cryptocurrencies, including BTC/USD, ETH/USD, LTC/USD, SOL/USD, BNB/USD, BCH/USD, and ADA/USD. However, the asset availability depends on the partner broker of the prop firms and the restrictions that they might implement. Traders must do their due diligence to find out the availability of cryptocurrency.

Leverage 

Like in forex, leverage is a hallmark feature in crypto. Leverage helps amplify traders’ earnings, enabling them to magnify their gains while managing risks. However, exercising caution and adhering to strict trading strategies is essential. 

This is to mitigate the risks associated with leverage trading. Traders must remain consistent, continuously monitor their position, and employ adequate risk management strategies to safeguard their capital.

Commission and Fees

A crypto prop trading firm may charge a fee for every transaction by deducting a fixed value or percentage of the total trade value. Many firms also work on commissions for each trade. Firms might also change management or risk mitigation fees to attain specific benchmarks. It is essential to research the prop firm to learn the kind of fees it charges.

How We Found the Best Crypto Prop Firms 

Navigating through a maze of crypto forms can be a hurdle. However, we have done the grunt work for you at WR Trading. Here is how we found the best crypto prop firms:

• We examined each prop firm’s reputation and track record, including their successes, setbacks, and awards.
• We confirmed that each firm had the appropriate risk management tools, considering the volatile nature of the market.
• We checked to see if the firm provided tools and resources for education and training, from interactive courses to direct mentorships or seminars.
• We also assessed the firm’s reliability and confirmed its ability to integrate with third-party software.

Platforms for Trading Crypto with Prop Firms 

Some of the platforms for trading crypto with prop firms include:

• MetaTrader 4 
• MetaTrader 5 
• cTrader 
• DXtrade
• OANDA Web

How to Open An Account 

To open an account with crypto prop firms, here are the steps you typically need to follow:

How High are The Tax When Trading with Crypto Prop Firms?

Taxes from Crypto Prop trading can range from 10% to as high as 37%. Unlike personal trading, where profits are subject to capital gains tax, income earned through prop firms is generally treated as ordinary income.

Alternative Prop Firms 

Here are alternatives to crypto prop firms:

• Forex Prop Firms: These firms perform the same function as crypto prop firms. However, they are created solely for forex trading.
• Futures:  In this case, prop future traders use future contracts to speculate and hedge existing positions and price movements.
• Instant Funding: Unlike traditional prop firms that require traders to undergo a lengthy evaluation process before getting capital, instant funding prop firms provide traders with instant access to funds, enabling them to start trading immediately.

Conclusion

Crypto prop firms further the cause of investment in this 21st century as they merge traditional trading knowledge with cryptocurrency dynamics. They can provide unexpectedly strong results with due diligence, a commitment to hard work, and profound analysis. If you don’t have enough capital to begin trading and make huge gains, you should consider signing up on a prop firm.

Frequently Asked Questions on Crypto Prop Trading Firms: