In 2023, if you’re looking to grow your forex trading capital, or even crypto trading capital – the best option is obtaining a funded trading account.
There are over 50+ prop firms offering funded trading accounts. This is a blessing for the industry but provides quite a challenge in finding the perfect prop firm for you!
In this article, we are reviewing Crypto Fund Trader – a brand new prop firm offering up to $200,000 in trading capital, focusing primarily on the crypto market whilst also catering for forex traders!
I’ve received 20+ requests to get funded from these guys and review them over the last few months, so I sought to get funding and here we are!
Let’s get into it…
Who Are Crypto Fund Trader?
Crypto Fund Trader are a brand new forex and crypto firm, offering funded accounts of up to $200,000!
They’ve been gaining a huge amount of popularity in the industry, with many payouts being posted and large amounts of positive feedback from traders!
With a proprietary trading platform, low spreads, fast execution, no commissions and a huge range of Forex, Crypto, Indices and Metals to trade – no wonder they’re on such a growth spurt!
Are these guys the right prop firm for you? Let’s find out now…
How To Get A Funded Trading Account From Crypto Fund Trader?
Getting funding from Crypto Fund Trader is incredibly simple and works much like many of the other industry leading prop firms that have built from the FTMO model of years ago!
The funded accounts range from $10,000 in capital to $200,000 in capital – which is enough to get you withdrawing some hefty profits.
In terms of fees, this costs between $85 and $998, depending on the size of the account you’re looking to receive. In terms of price point, this is about average and the $85 account is potentially a great first time option for traders!
The evaluation process is very simple.
Phase 1 – Net an 8% profit target, without losing 10% or 5% in a day. You’ve got an unlimited amount of time for achieving this.
Phase 2 – Net 4% profit, without losing 10% or 5% in a day. You’ve also got an unlimited amount of time to achieve this.
There is no phase 3 – you’re a funded trader!
Personally, I didn’t struggle with this and found it very similar to other challenges I’ve passed. Obviously though, this depends on your trading strategies and market conditions.
Crypto Fund Traders Proof Of Reserves
Before we move onto what makes Crypto Fund Trader different from other prop firms, we cannot overlook the fact that these guys show proof of funds/reserves!
This is essentially showing us every funded trader within the firm and the total profits to be paid out by the company.
At the time of taking this screenshot, $126k of profits were floating from funded traders around the world.
You’ll see on the right, there are 2 crypto wallets. These wallets are owned by Crypto Fund Trader and contain reserves of $1.6M at the moment.
You’ll see over $500,000 in this one wallet alone.
This, combined with the KYC via Coinscape, is a huge green light in my eyes. It’s rare that you’re able to get a glimpse under the hood and see some real transparency in the prop firm industry – great to see!
What Makes Crypto Fund Trader Different From Other Prop Firms?
Crypto Fund Trader isn’t a cookie cutter of the usual prop firm model, which is nice to see! There are actually some fairly large differences that makes this the perfect prop firm for certain types of traders…
1. KYC & Verification
We’ll touch on this in more detail in the section below, however, Crypto Fund Trader have a KYC and Verification process with CoinScope. This means that if the owners try to scam traders or pull the rug on the funding, their identities will be leaked online and you’ll be able to take your own legal action!
This is a huge step and something I’d love to see more of in the industry – some accountability!
2. Crypto Focus
I’m sure you gathered this from the name, but the firm focuses on Cryptocurrency trading with a huge range of pairs, liquidity, withdrawal and payment options all focused around Crypto.
This creates a huge opportunity for traders looking to dabble in crypto as most prop firms don’t focus on this market.
I must say, they still have great pricing and functionality for forex, indices and metals, but if you’re focused on crypto trading – this is the firm for you!
3. No Time Limits
Many prop firms in the industry have a time duration for challenges, usually around the 30 calendar days mark. This works out at about 20 trading days – meaning it’s fairly hard for traders to pass and achieve!
Crypto Fund Trader have no time limits on any of the trading challenges, which is brilliant! This is obviously a massive selling point and makes it much easier for traders to pass, focusing on great trades over the longer term.
This also allows forex swing traders to get funded too!
Crypto Fund Trader – KYC & Verification
Crypto Fund Trader is one of the only prop firms, if not the only prop firm that has a KYC verification with Coinscope. This can be viewed here.
If you’re unfamiliar with what that is, essentially, if Crypto Fund Trader try to pull the rug on traders or exit the industry suddenly, leaving traders high and dry, the identity of the owners will be leaked to the online community.
This means that those owns can be held accountable and legal action can be taken, if needed.
Now, let’s hope it doesn’t get to this because I like my funded account – however, this is great to see! This extra safety blanket gives me personally a lot of faith in the company, knowing it’s not just one of these faceless prop firms that could pack up overnight.
Is Funding From Crypto Fund Trader Realistic?
Again, if you’re a regular of the blog, you’ll know that I like to look at how realistic a funding challenge really is.
There are some great offerings in the industry but some of them are truly unachievable for even profitable traders, let alone traders hovering around the breakeven mark!
So, how realistic is funding from Crypto Fund Trader?
Frankly, for profitable traders, it’s very realistic! There is a 2 step funding process, similar to all of the industry leading prop firms. FTMO pioneered this funding strategy many years ago and it works perfectly for traders – so why reinvent the wheel?
The profit target, overall loss and daily loss limit are fairly industry standard, which is great! However, you do have an edge with this firm.
There is an unlimited amount of time to complete the trading challenge. This is a HUGE selling point and means you can focus on A+ trades, rather than having to rush and take trades you aren’t proud of.
There’s also no trading commissions and extremely small spreads, which will you also give you an edge. For traders like me, that enjoy intraday trading, this is a huge advantage. For swing traders, this won’t make a great deal of impact.
Crypto Fund Trader Platform Choices
One of the main unique selling points that Crypto Fund Trader brings to the table is it’s own proprietary trading platform.
For context, many of the industry leading prop firms only offer MetaTrader 4 as their trading platform of choice. It’s no secret that MT4 is outdated and lacks a lot of useful functionality, making it a poor choice for many traders.
In fact, although MT5 is better, it’s still not up to scratch.
Crypto Fund Trader has their own platform, developed in house. The reason this is so important is because with a huge amount of crypto pairs, you need a more advanced platform than MT4. This makes it a perfect choice for traders looking to seek funding and focus primarily on Crypto.
Crypto Fund Trader – YouTube Content
Crypto Fund Trader don’t have their own Youtube channel (as far as I’m aware), however, many traders have been making content about the company over the last few months.
This is great to see, the coverage is all overwhelmingly positive and there are live withdrawal proofs being shown.
I’ll look to create my own live withdrawal proof in the near future, showcasing my withdrawals. For now, I’ve only taken a small ‘proof of concept’ withdrawal, which I’d be more than happy to share with anyone, if interested!
Crypto Fund Trader Reviews – What Do Other Traders Think?
If you’re a regular of the blog, you’ll know that I love to have a look on TrustPilot to gauge the response of other traders. Like I say, my funding experience can be vastly different from another traders experience, so I encourage you all to seek other reviews whilst finding the best prop firm for you.
With that being said, Crypto Fund Trader has over 30 reviews on Trustpilot, averaging 4.4 stars and 90% 5 star feedback! This is great to see and shows that this firm could be a big player over the coming years!
We obviously cannot overlook the fact that there are only 30 reviews. Compared with some of the largest prop firms in the industry, this is very low. However, the prop firm is new!
It’s very promising to see and I’m going to to keep this review updated periodically to gauge how traders are finding the prop firm, as more reviews start rolling in.
In Conclusion – Is Crypto Fund Trader A Scam?
In summary, Crypto Fund Trader is a great prop firm for those focused on crypto trading or looking to conduct transactions in cryptocurrency!
Although the firm is relatively new in the grand scheme of things, they’re clearly providing a great service for traders in the industry, hence the great reviews and positive press already.
I’m going to continue trading my funded account with these guys, rack up some withdrawals and keep you posted on the journey.
If you’re trading with Crypto Fund Trader and have any comment to add to the review, or any questions, please get in touch via the contact page!