In the world of finance, prop firms stand as pillars of opportunity for aspiring traders. Proprietary trading firms, also known as prop firms, play a crucial role in the financial industry. They allow individuals to trade using the firm’s money. Prop trading lets traders access markets and instruments they couldn’t on their own.

This blog will explore prop firms that allow crypto trading. We’ll learn what prop firms are, why they’re important in finance, and how they help traders in the cryptocurrency market. Join us on this journey to uncover the inner workings of prop firms and how they are shaping the future of trading.

The Rise of Cryptocurrencies in Prop Trading Firms

Cryptocurrencies becoming part of prop trading firms is a big deal in finance. It’s a significant development. Cryptocurrencies like Bitcoin and Ethereum can be very volatile and have a lot of potential for growth in the market, which means traders can make big profits from trading them. Prop firms that allow crypto trading give traders the chance to access markets and instruments they might not reach independently. This opportunity expands their trading options and potential profits.

These firms give traders access to markets and instruments they couldn’t reach alone. These firms help traders navigate the volatile cryptocurrency market. Which helps them diversify their strategies and lower risks.

Trading cryptocurrencies demands robust risk management because of their unpredictable nature and unclear regulations. This makes them a tough aspect to incorporate into prop firm trading activities.

Benefits of Trading with Crypto Prop Trading Firms

• Increased Leverage: Prop trading firms let traders control bigger positions using less money. This helps traders manage their investments more efficiently.
• Diversification: Traders can access many types of financial tools, which helps them lower their risk.
• Capital Efficiency: Prop trading firms cover costs like brokerage fees, making capital use more efficient. This helps traders manage their money better.
• Education and Training: These firms offer educational resources, mentorship, and training programs. They help traders improve their skills.
• Performance-Based Compensation: Traders get rewarded based on how much profit they make, which means their success is tied to the firm’s success.
• Advanced Technology and Tools: Prop trading firms use advanced technology to offer top-notch trading platforms and tools. These help traders make smart decisions based on information.
• Risk Diversification: Prop trading firms help diversify portfolios and manage risk effectively by offering access to different financial instruments.
• Access to Funds: Traders can access significant capital from prop firms. It enables them to seize market opportunities without risking their funds.
• Risk Management: These firms implement robust risk management procedures to minimize potential losses for traders.
• Community and Collaboration: Joining a prop trading firm allows traders to benefit from the collective knowledge and experience of a team of traders, enhancing decision-making processes.

By leveraging these benefits, professional traders can navigate the competitive crypto market more effectively and potentially maximize their profits while minimizing risks.

Top Prop Firms That Allow Crypto Trading

SurgeTrader

• Evaluation Process: SurgeTrader offers a one-phase evaluation program where traders need to reach a profit target of 10% before becoming funded, with a 4% maximum daily loss and a 5% maximum trailing drawdown.
• Profit Split: Traders can earn a 75% profit split once funded, with the option to scale their accounts (excluding $500,000 and $1,000,000 accounts).
• Funded Account Sizes: SurgeTrader provides account sizes ranging from $25,000 to $1,000,000.
• Tradeable Instruments Options: Traders at SurgeTrader can engage in Forex Trading, CFD Trading, Cryptocurrency Trading, and Social Trading/Copy-Trading.
• Leverage: SurgeTrader offers leverage options of 1:2, 1:5, and 1:10.

Cryptocurrencies Supported for Trading

SurgeTrader supports trading in various cryptocurrencies, including but not limited to:

• Bitcoin
• Ethereum
• Altcoins

The firm lets you trade over 200 different cryptocurrencies alongside major world currencies like USD, EUR, AUD, GBP, and CAD.

Additionally, you can access 5 crypto indices, including the Top 10 Altcoin Token Index and Top 25 Defi Token Index, on MetaTrader 4.

SurgeTrader provides trading services on the MetaTrader 5 platform. This platform offers access to over 375 different cryptocurrencies.

FTMO

• Evaluation Process: FTMO offers a special 2-step Evaluation Process. It helps find trading talents through the FTMO Challenge and Verification. Traders need to meet Trading Objectives to prove discipline and experience.
• Profit Split: Traders can earn an 80% profit split by default. That can potentially increase to 90% based on meeting the conditions of the Scaling Plan.
• Funded Account Sizes: Upon successful completion of the Evaluation Process, traders can trade on an FTMO Account with a balance of up to $200,000.
• Tradeable Instruments Options: FTMO trades Forex, Indices, Commodities, and Cryptocurrencies.
• Leverage: FTMO offers leverage options and access to popular trading platforms like MetaTrader 4 and MetaTrader 5.

Cryptocurrencies Supported for Trading with FTMO

FTMO supports trading in various cryptocurrencies against the USD, including:

• Bitcoin
• Ethereum
• Dash
• Litecoin
• Ripple
• Monero
• Neo
• Cardano
• Polkadot
• Dogecoin

These cryptocurrencies offer traders diverse options to engage in the crypto market within the prop trading model.

E8 Funding

• Evaluation Process: E8 Funding offers a structured evaluation process with different phases and profit targets. Traders can progress to funded accounts based on their performance
• Profit Split: Traders can earn up to 80% of the profit. This could increase to 90% depending on the Scaling Plan’s conditions.
• Funded Account Sizes: After passing the evaluation, traders can access funded accounts with balances up to $300,000. This opportunity comes as a reward for their successful completion of the process.
• Tradeable Instruments Options: E8 Funding offers trading chances in Forex, Indices, Commodities, and Cryptocurrencies. Traders can engage in these markets through E8 Funding.
• Leverage: E8 Funding provides leverage choices. They also give access to well-known trading platforms such as MetaTrader 4 and MetaTrader 5.

Cryptocurrencies Supported for Trading with E8 Funding

E8 Funding supports trading in the following cryptocurrencies against the USD:

• Bitcoin (BTCUSD)
• Ethereum (ETHUSD)
• Dash (DASHUSD)
• Litecoin (LTCUSD)
• Ripple (XRPUSD)

These cryptocurrencies offer traders diverse options to engage in the crypto market within the prop trading model.

The Funded Trader

• Evaluation Process: Uses an evaluation to check traders’ skills and discipline before providing funds. This helps ensure only skilled traders are selected for funding.
• Profit Split: Traders can earn up to an 80% profit split, with the potential to increase based on meeting specific conditions.
• Funded Account Sizes: Upon completing the evaluation process, traders can access funded accounts with balances up to a specified amount.
• Tradeable Instruments Options: The Funded Trader offers trading chances in different types of investments. This includes Forex, Stocks, Commodities, and Cryptocurrencies. Traders can explore these opportunities to grow their skills and profits.
• Leverage: Traders can benefit from leverage up to 1:2 for trading cryptocurrencies.

Cryptocurrencies Supported for Trading with The Funded Trader

The Funded Trader supports trading in the following cryptocurrencies against the USD:

• Bitcoin (BTCUSD)
• Bitcoin Cash (BCHUSD)
• Litecoin (LTCUSD)
• Ethereum (ETHUSD)

These cryptocurrencies offer traders diverse options to engage in the crypto market within the prop trading model.

How Do You Choose a Crypto Prop Firm?

To choose a crypto prop firm, consider the following factors:

• Reputation and Track Record: Look for firms with a good reputation and a track record of success. Research their past performance, customer reviews, and industry recognition.
• Profit Split: Evaluate the profit split offered by the firm. A higher profit split means more of the profits go to the trader.
• Cost: Consider the cost of applying for and maintaining a funded account. Some firms charge a one-off fee, while others charge a monthly fee.
• Maximum Balance: Check the maximum balance a trader can have with the firm. Higher maximum balances mean more capital to trade with.
• Trading Platforms: Ensure the firm provides access to popular trading platforms like MetaTrader 4, MetaTrader 5, and cTrader.
• Leverage: Check the leverage offered by the firm, as it can affect your trading strategy.
• Cryptocurrencies Supported: Ensure the firm supports trading in the cryptocurrencies you want to trade.
• Risk Management Tools: Look for firms that provide adequate risk management tools, such as automated stop-loss, real-time analytics, and other features.
• Ease of Use: Consider the ease of use of the firm’s platform and tools, as this can impact your trading experience
• Customer Support: Ensure the firm has responsive and reliable customer support.
• Profit-Sharing Structure: Examine the profit-sharing agreement terms to ensure they are clear and transparent.
• Capital Allocation and Leverage: Check if the firm offers progressive capital increments based on your success milestones.
• Regulatory Compliance: Ensure the firm is compliant with relevant regulations to minimize legal risks.

Considering these factors, you can choose a crypto prop firm that aligns with your trading goals and preferences.

These Prop Firms Allow Crypto Trading: