Top Crypto Prop Firms in 2024 – Honest Reviews & Coupon Codes
TheTrustedProp
Date: November 25, 2024
The demand for cryptocurrency-focused proprietary (prop) trading firms has surged in 2024 as the digital asset market continues to mature. Prop firms give traders access to larger capital without risking personal funds, an appealing option for both beginner and experienced traders who are focused on growing their capital responsibly.
At TheTrustedProp, we’re dedicated to delivering unbiased, detailed reviews of the best crypto prop firms available today. In this guide, we’ll examine some of the leading crypto-focused prop firms, exploring their key features, evaluation programs, payout structures, and potential drawbacks.
We’ll also provide exclusive coupon codes to help you get started with each of these firms at a discount. Whether you’re a high-frequency trader, a technical analyst, or someone just entering the crypto space, this guide covers the best options for every trading style.
How We Selected the Top Crypto Prop Firms
Each prop firm in this review was carefully selected based on the following criteria:
Crypto-Focused Trading: Firms with a strong emphasis on cryptocurrency trading were prioritized.
Diverse Crypto Pair Offerings: The number and variety of crypto pairs offered by each firm.
User Feedback & Trustpilot Ratings: Positive feedback and trust ratings indicate high customer satisfaction.
Firm’s Track Record: Longer-established firms with a solid industry reputation ranked higher.
The aim of this guide is to deliver honest, transparent reviews, ensuring that traders can make informed decisions in an evolving market.
1. Crypto Fund Trader
Overview
Crypto Fund Trader, established in November 2022 and registered as SWISS RLCRATES AG, is a well-regarded firm in the crypto prop space. Known for its extensive funding options (up to $200,000) and more than 100 crypto pairs, Crypto Fund Trader supports futures trading in addition to spot markets. This firm is ideal for traders seeking diversity in their crypto trading options, with structured evaluations designed to accommodate various trading styles.
Evaluation Programs
Crypto Fund Trader provides three evaluation programs to suit different experience levels and trading needs:
Two-Phase Evaluation:
Account sizes range from $5,000 to $200,000, starting at $55.
Phase 1 requires an 8% profit target, while Phase 2 requires a 5% target.
Profit share goes up to 80%.
One-Phase Evaluation:
Single-phase evaluation with a profit target of 10%.
Leverage up to 100:1, giving traders flexibility in position sizing.
Instant Funding Program:
Immediate access to trading capital without an evaluation phase.
Account sizes start at $2,500 for $125, with profit shares up to 90%.
Account sizes can scale up to $1,280,000, depending on the trader’s performance.
Key Features
Payout Frequency: Payouts are distributed every 30 days.
Trading Flexibility: Copy trading is permitted, while high-frequency trading, scalping, and exploitative tactics are restricted.
Scaling Plan: Traders can scale their accounts by 100% with every 10% profit milestone.
Payment Methods
Crypto Fund Trader supports several payout methods:
Bank Transfers in USD or EUR.
Cryptocurrency payments in BTC, ETH, and USDT.
Coupon Code: Use CFT2024 to get 10% off all account sizes at Crypto Fund Trader.
For more information, visit: Crypto Fund Trader on TheTrustedProp
2. BrightFunded
Overview
BrightFunded, registered in the Netherlands, is known for its competitive scaling plan and flexible two-phase evaluation process. This firm emphasizes transparency and support for traders through structured rules that guide account growth. With no time limits in each evaluation phase, BrightFunded allows traders to take their time, ensuring they reach their goals with confidence.
Evaluation Process
BrightFunded offers a Two-Phase Challenge, allowing traders to qualify for capital up to $200,000 and an account scaling plan up to $400,000.
Two-Phase Challenge:
Account sizes range from $5,000 to $200,000, with prices starting at $55.
Phase 1 requires an 8% profit target, while Phase 2 requires a 5% target.
Drawdown limits include a 5% daily limit and a maximum 10% loss, with an 80% profit share that can scale up to 100%.
Key Features
Trading Rules: Copy trading is permitted, and traders are allowed to hold positions over weekends.
Scaling Plan: Account size can increase by 30% every four months, provided profitability criteria are met.
Payout Options: Payouts are available in BTC, ETH, USDT, and via traditional bank transfers.
Coupon Code: Use BRIGHT10 to receive a 10% discount on the Two Phase Challenge.
For more information, visit: BrightFunded on TheTrustedProp
3. PropW
Overview
PropW, officially known as PropW Innovations DMCC, is a crypto-centric prop firm that calculates account balances in USDT, making it a great option for traders who prefer working with stablecoin accounts. Backed by liquidity from the CoinW exchange, PropW offers leverage up to 5x and access to its proprietary trading platform, PropWARE.
Challenge Options
PropW offers a structured Two-Phase Challenge that aims to progressively increase traders' access to funding.
Two-Phase Challenge:
Available for accounts up to $200,000 USDT, with withdrawals available 24-72 hours after profit reviews.
Leverage provided at up to 5:1, and profit share payouts every 14 days.
Trading Rules
Supported Strategies: News trading is permitted across crypto pairs, while high-frequency trading and arbitrage are restricted.
Account Restrictions: Limited to one active challenge account per trader.
Coupon Code: Use PROPWSAVE for 15% off any account with PropW.
For more information, visit: PropW on TheTrustedProp
4. Blueberry Funded
Overview
Blueberry Funded, based in Saint Vincent and the Grenadines and partnered with Blueberry Markets, offers a comprehensive range of trading options that include crypto, forex, metals, and indices. This firm supports trading on MT4, MT5, and DXTrade platforms, making it a versatile option for manual and automated traders alike.
Evaluation Programs
Blueberry Funded offers both One Phase and Two Phase Challenges:
One Phase Challenge:
A simplified single-phase evaluation with various account sizes, allowing traders to demonstrate their skills without multiple stages.
Two Phase Challenge:
Multi-stage evaluation process with progressively challenging profit targets and drawdown limits.
Account funding up to $400,000 is available, with scaling potential up to $2 million for top performers.
Trading Flexibility
Allowed Strategies: Supports news trading, weekend holding, and copy trading, with restrictions on high-frequency trading, latency arbitrage, and news scalping.
Leverage: Up to 1:50 for forex, with lower leverage available for metals, commodities, and crypto.
Coupon Code: Use BBF10 for 10% off the 1-Step and 2-Step Evaluations.
For more information, visit: Blueberry Funded on TheTrustedProp
5. MyCryptoFunding
Overview
MyCryptoFunding Ltd., headquartered in London, is a new but promising prop firm that offers competitive spreads and a flexible trading environment. The firm provides access to over 40 crypto pairs, with plans to expand to over 120 pairs, and supports other assets like forex, commodities, and indices.
Challenge Details
MyCryptoFunding uses a Two-Phase Evaluation to assess traders, emphasizing responsible trading with high leverage options.
Two-Phase Evaluation:
Account sizes from $5,000 to $200,000, with an 8% profit target for Phase 1 and a 5% target for Phase 2.
Successful traders receive an 80% profit split.
Key Features
Trading Platform: Powered by MatchTrader, with TradingView integration for advanced market analysis.
Payment Methods: Accepts crypto payments, credit and debit cards, and PayPal for deposits and withdrawals.
Coupon Code: Use MYCRYPTO5 to get 5% off any evaluation account.
For more information, visit: MyCryptoFunding on TheTrustedProp
6. BreakoutFirm
Overview
BreakoutFirm, founded in November 2023 and registered in the USA, is a popular choice among social media traders, with backing from prominent crypto influencers. It offers fast account growth with minimal starting costs, using a high-performance platform that sources liquidity from major exchanges.
Evaluation Program
BreakoutFirm provides a one-step evaluation model designed for speed and efficiency:
1-Step Evaluation:
Account sizes range from $5,000 to $100,000, starting at $55.
Profit target set at 10%, with daily and max drawdowns at 4% and 6%.
Leverage up to 5:1, with bi-weekly payouts available.
Additional Features
Trading Rules: Copy trading and news trading are allowed, though spreads may widen during periods of high volatility.
Payouts: Withdrawals are processed every 7 days in USDT (ERC20), allowing for flexible and fast withdrawals.
Coupon Code: Use BREAK5 for 5% off the 1-Step Evaluation.
For more information, visit: BreakoutFirm on TheTrustedProp
Comparison Table: Quick Overview of Key Attributes
Firm | Max Funding | Evaluation Phases | Profit Split | Drawdown Rules | Trading Styles Allowed | Payout Frequency |
|---|---|---|---|---|---|---|
Crypto Fund Trader | $200,000 | 1- and 2-Phase | Up to 90% | Equity-based | Copy trading allowed; no HF | 30 days |
BrightFunded | $200,000 | 2-Phase | Up to 100% | Equity-based | Copy trading allowed; news limited | 14 days |
PropW | $200,000 | 2-Phase | Up to 90% | Equity-based | No EA; Copy trading restricted | 14 days |
Blueberry Funded | $400,000 | 1- and 2-Phase | Up to 80% | Equity-based | EA & Copy trading allowed | 14 days |
MyCryptoFunding | $200,000 | 2-Phase | Up to 80% | Equity-based | EA & News trading allowed | 30 days |
BreakoutFirm | $100,000 | 1-Phase | Up to 95% | Equity-based | EA & News trading allowed | 7 days |
Choosing the Right Crypto Prop Firm
When choosing the right firm, consider your trading style, risk tolerance, and long-term goals. Here are some factors to consider:
Account Scaling Potential: Look for firms with scaling plans if you’re aiming to grow your account over time.
Payout Flexibility: Ensure the firm offers your preferred payout methods, whether in crypto or traditional currencies.
Trading Strategy Compatibility: Choose a firm whose rules align with your strategy, especially if you’re into automated or news trading.
Coupon Codes for Top Crypto Prop Firms
Here are our exclusive coupon codes for discounts on each firm:
Crypto Fund Trader: Use CFT2024 for 10% off all account sizes.
BrightFunded: Use BRIGHT10 for 10% off the Two Phase Challenge.
PropW: Use PROPWSAVE for 15% off any account.
Blueberry Funded: Use BBF10 for 10% off the 1-Step and 2-Step Evaluations.
MyCryptoFunding: Use MYCRYPTO5 for 5% off any evaluation account.
BreakoutFirm: Use BREAK5 for 5% off the 1-Step Evaluation.
Claim Your Discount and Start Trading Today! Use these codes at checkout for discounted access to top crypto prop firms.
Conclusion
TheTrustedProp is committed to providing honest, comprehensive reviews of the best prop firms in the crypto industry. Whether you’re an experienced trader or a newcomer, these firms offer a wide array of options to suit your trading style and goals. Explore more at TheTrustedProp for the latest insights and deals in prop trading.
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