Best Crypto Prop Trading Firms: Trade Legit & Safe in 2024

The best crypto prop trading firm is one that enables trading with cryptocurrencies and stands out with a comprehensive package.

Which one is the best crypto prop trading firm?

Our top pick for the best crypto prop trading firms is FTMO.

In our comparison, we present our evaluation criteria and our top 3 rankings and show you how to find the best prop trading firm for cryptocurrencies.

The Best Crypto Prop Trading Firms (Top 3)
Firm	Evaluation	Profit Split	Accounts	Registration
FTMO	4 days	80%	up to 160,000€	Sign up now!
FTUK	0 days	80%	up to $90,000	Sign up now!
Lux Trading Firm	29 days	75%	up to $1,000,000	Sign up now!

Key Takeaways

The positive aspect of crypto prop trading is that crypto trading is similar to forex trading
Trades involving cryptocurrencies are highly volatile, as the prices of Bitcoin & Co can change rapidly and sometimes drastically. This can be seen positively (expectation of profit) and also negatively (potential for loss)
In my review, you’ll find all the essential evaluation criteria to help you identify a good crypto prop trading firm on your own

Top 3: Crypto Prop Trading Firms

I’ll begin the review by taking a closer look at the 3 best crypto prop trading firms. All three companies offer a very good range of cryptocurrencies tradable on various platforms in the market.

You can find the companies with the best overall offerings on “Best Prop Trading Firms“.

FTMO

FTMO Quality, modernity, and years of market experience go hand in hand at FTMO. The Prague-based company is, for me, the best crypto prop trading firm. FTMO was founded in 2014 and has steadily improved over the years. One significant plus point of FTMO is its excellent training and support programs, including dedicated trader support.

Profit sharing is in the ratio of 80:20 or 90:10, depending on the scaling. The entry costs, which are refunded after successful evaluation, are moderate. You can get started with as little as 155 euros.

FTUK

FTUK Another excellent crypto prop trading firm is FTUK from the USA, and known for their commitment to trader success. New traders can choose the standard evaluation. Those who already have trading experience and can demonstrate it, they can start with a directly funded account at FTUK.

Account sizes ranging from $14,000 to $90,000 are ideal for beginners. FTUK operates with a fixed profit-sharing ratio of 80-20 split. You can acquire the smallest account size for just a fee of $149.

Lux Trading Firm

Lux Trading Firm is a relatively new online firm from the United Kingdom. The company was founded in 2021. The advantage of Lux Trading Firm is the appealingly tiered starting account sizes. You can begin with $50,000 to $1,000,000. Lux Trading Firm not only enables you to trade cryptocurrencies but also to trade stocks and CFDs.

The evaluation at the British prop trading firm lasts at least 29 days. Funded prop traders receive 75 percent of the profit.

The Offer: Crypto Trading

The mechanics of crypto prop trading can be compared to forex prop trading. Both involve speculating on falling and rising prices within a defined trading or settlement period. The fundamental difference between crypto and forex trading is that crypto trading always involves at least one cryptocurrency, whereas classic forex trading pairs consist of two fiat currencies.

In practice, there can also be distinctions between fiat/crypto, crypto/crypto, and crypto/metal pairs. Below, I’ve compiled the most important prop trading options for each area:

Fiat/Crypto:

BTC/USD
ETH/EUR
BTC/EUR
BNB/CAD
PEPE/USD
SHIB/USD
DOGE/USD
FLOKI/USD
FET/USD
RNDR/USD
LINK/USD
BONK/USD
ETH/USD
BCH/USD
BCH/EUR
SHIB/EUR

Crypto/Crypto:

BCH/BTC – Bitcoin Cash and Bitcoin
BTC/ETH – Bitcoin and Ethereum
LTC/BNB – Litecoin and Binance
ETH/EOS – Ethereum and EOS
ETH/XLM – Ethereum and Stellar
ETH/BTC – Ethereum and Bitcoin
BTC/EOS – Bitcoin and EOS
BTC/XLM – Bitcoin and Stellar
EOS/XLM – EOS and Stellar
BCH/LTC – Bitcoin Cash and Litecoin
ZEC/LTC – Zcash and Litecoin
ZEC/BCH – Zcash and Bitcoin Cash
ZEC/DASH – Zcash and Dash
ZEC/XRP – Zcash and Ripple
ZEC/XLM – Zcash and Stellar
XRP/DASH – Ripple and Dash

Crypto/Metals:

BTC/XAU
XRP/XAG

It’s important to note that cryptocurrencies are significantly more volatile compared to fiat currencies. Daily price fluctuations of 10% of the value are not uncommon. On one hand, this increases the potential for profit. On the other hand, the price fluctuations in a crypto prop trading firm can lead to massive losses. Those who engage exclusively in crypto prop trading often breach loss limits very quickly, due to the high volatility.

The top crypto proprietary trading firms offer trading pairs of all major cryptocurrencies on their screens. From my perspective, the most important cryptos are:

Bitcoin (BTC)
Ethereum (ETH)
Chainlink (LINK)
Dai (DAI)
Bitcoin Cash (BCH)
Dogecoin (DOGE)
PAXGold (PAXG)
PAXDollar (USDP)
Litecoin (LTC)
Tether (USDT)
USD Coin (USDC)
Dashcoin (DSH)

Can you trade Crypto with all Prop Trading Firms?

From my experience, crypto trading is gaining momentum. While it’s not as widespread in the prop trading industry as forex trading, more and more companies are incorporating it into their trading offerings. Not every prop trading firm offers crypto trading, but the number of online providers has steadily increased in recent months, reflecting the growth of the crypto market.

Our Evaluation Criteria at A Glance

In evaluating crypto prop trading firms, I based my assessment on the trading possibilities with cryptocurrencies. In further checks, I used additional quality criteria to create the perfect comparison for you. Below are all the points on which crypto prop trading firms were assessed:

Application Process: Is there an evaluation, or does the firm allow you to engage in trading activities with real money immediately? How many stages are in the application process? Is a quick qualification within a few days possible?
Account Sizes: What account sizes are available? Some providers start at $10,000, but high trading accounts up to $400,000 are not uncommon.
Costs: What fees are incurred during the evaluation phase and later with the live funded account?
Challenge Rules: Are all rules and restrictions clearly communicated?
Trading Platforms: Which trading platforms can be used, such as NinjaTrader, Rithmic, MT4, or MT5?
Trading Instruments: What instruments can professional traders trade? Is trading limited to futures trading, or are there other products like Forex trading?
Broker: Which broker does the prop firm partner with for executing proprietary trades on the exchanges?
Customer Support: How and when you can contact customer service?
Payment Methods: What payment methods are accepted for the one-time payment or monthly costs?
Payout: How quickly is your share of the profits paid out? Are there deadlines, or does the prop trading firm pay the commission immediately upon request?
Training Programs: What assistance is available to professional traders worldwide to improve their performance?
Mobile App: Is there a mobile trader app?

For the challenge rules, we examined the following criteria:

Profit Target: What profit amount and percentage of the initial account balance must the prop trader gain during the qualification phase?
Profit Split: How is the profit divided between the trader and the firm? Is there an initial amount paid out exclusively to the prop traders without a split? Top firms work with a 95:5 ratio.
Trading Period: Is there a specified number of days within which the evaluation must be completed?
Minimum Trading Days: What is the minimum number of trading days required to complete the evaluation? When are successful prop traders granted access to funded accounts?
Maximum Daily Loss: Is there a maximum daily drawdown, and what is it?
Maximum Loss: What is the maximum drawdown that cannot be exceeded during the qualification phase?
Maximum Position Size: How many trades can be executed simultaneously? Does this limit increase as the account size grows?
Maximum Capital Allocation and Multiple Accounts: How many accounts can a trader have with the prop trading firm? What is the maximum capital that can be traded?
Types of Trading: Is only day trading allowed, or are other types of trading permitted? Which trading strategies are strictly prohibited?
Leverage: Is there leverage to increase the capital used for trades?
Trading Style: What additional regulations does the prop trading firm have regarding permitted or prohibited trading styles?
Trading Hours: What is the timeframe within which trading is allowed?
News Trading: Are trades allowed shortly before, during, or after a news event? Is trading based on news permitted?
Weekend and Overnight Trading: Can trades be held overnight or over the weekend? Are long-term trading systems allowed?
Expert Advisor: Can expert advisor programs, bots, or algorithms be used to execute trades?
Copy Trading: Is copy trading permitted on personal accounts or by emulating professional traders?

Prop Trading Firms by Categories

If you don’t want to start your prop trading career with cryptocurrencies and your expertise lies in other areas, choose the best prop trading firm for you from the following categories:

Advantages of Prop Trading with Cryptocurrencies

Cryptocurrencies have become a major trend in trading, including prop trading. With Bitcoin and other cryptocurrencies being widely discussed, traders can leverage this popularity. There is a wealth of information available online about the development of cryptos, which you can incorporate into your trading analysis.

Currently, there are already numerous crypto trading pairs available for prop trading. I predict that the number of trading opportunities in this space will continue to expand. Another advantage is the similarity between crypto trading and forex trading, which can make it easier for traders to transition between the two.

The substantial price volatility in the crypto market presents excellent profit opportunities. Even with smaller investments, traders can leverage their positions to generate significant gains. Another advantage of trading with the best crypto proprietary trading firms is that they primarily use the trading platforms of MT4 and MT5. In my experience, MetaTrader 4 and MetaTrader 5 are well suited, especially for novices, due to their simplicity.

Disadvantages of Prop Trading with Cryptocurrencies

High price fluctuations offer top profit opportunities. However, it is also true that price swings involve enormous risks. Market changes in crypto prop trading can result in significant trading losses for you. For me, this is the only real and clear disadvantage.

The development of cryptocurrencies has also shown that even experts often make inaccurate price predictions, as the market is characterized by high financial risk, making it difficult to forecast price movements with accuracy. Crypto prices often evolve beyond all forecasts. Therefore, crypto traders should always evaluate analysis information with a certain level of caution.

Who should choose a Crypto Prop Trading Firm?

Generally, anyone can choose a crypto prop trading firm. However, those who trade cryptocurrencies should be actively engaged with the market. You should have a basic understanding of cryptocurrencies and preferably be willing to develop trading skills continually. A keen interest in the crypto world and the ability to accurately interpret crypto-related news are valuable assets for success in this field.

The leading crypto prop trading firms offer a significant advantage by providing not only crypto trading but also a variety of additional trading options. This allows you to implement diverse trading strategies and risk management strategies to increase your chances of success.

How to find the Best Firm for Crypto

When testing online providers, you should answer various questions one after the other to find the firm that will help you generate profits. This way, you will quickly find the best crypto prop trading firm that aligns with your trading goals.

Can I trade with cryptocurrencies at the prop trading firm? And if so, which trading instruments are specifically offered?
What are the costs for entry at the crypto trading prop provider? Will the challenge fees be refunded after the evaluation phase ends? Are there ongoing costs afterward? How much is required for an account reset?
How many phases does the evaluation have? Can I purchase a directly funded account with the crypto prop trading firm?
How many trading days are prescribed in the qualification? What are the loss limits for a day and overall?
What account sizes does the crypto prop trading firm offer? Is the capital increased through a scaling plan?
Is a free demo account offered without subsequent obligations?
Are expert advisor programs and copy trading allowed when trading cryptocurrencies? What are the rules for weekend, overnight, and news trading?
How are trading profits divided? Is there a flat profit for me without a split in the startup phase?
Are assistance programs offered in the form of webinars or personal training sessions? How and when is customer service reachable?
What payment methods are available? How and at what frequency are withdrawals processed?

Conclusion

The number of prop trading companies offering cryptocurrencies has grown significantly. When searching for the best crypto prop trading firm, you have plenty of options. It’s important to consider all relevant evaluation criteria in your choice.

To our Top 3

In my opinion, the parallels between crypto prop trading and forex trading, coupled with the high potential for profits, are particularly compelling aspects of crypto prop trading.

Frequently Asked Questions

Finally, in the FAQ section, I have answered the most relevant questions about crypto prop trading firms.

Is Crypto Trading offered by all Prop Trading Firms?

No, although cryptocurrencies are becoming increasingly important in prop trading, trading is not yet offered by all firms. You can read more about the current state of crypto prop trading firms in our section “Can you trade Crypto with all Prop Trading Firms?“.

What evaluation criteria are important for the best Crypto Prop Trading Providers?

Simply offering crypto trading is not enough. Companies must excel in numerous aspects. You can read how I evaluated crypto prop trading firms under “Our Evaluation Criteria at A Glance“.

Which Crypto Prop Trading Firm is the best Provider on the market?

The best crypto prop trading firm is FTMO from Prague. The cryptocurrency prop firm’s long-standing experience is particularly convincing. You can read more about the company under “FTMO“.

What are the disadvantages of Crypto Prop Trading Firms?

Due to the volatile market conditions, the prices of cryptocurrencies change rapidly, much faster, and more drastically than forex currency pairs. This can lead to losses. You can read why under “Disadvantages of Prop Trading with Cryptocurrencies“.

Where can I find the best Crypto Prop Trading Firms?

You can always find the best crypto prop trading firms on my website. I test prop trading providers every day. I examine the offers and the changes. You can find the top recommendations under “Best Crypto Prop Trading Firms“.

Liam Matthews

Having more than eight years of trading experience, I know how hard it is to find a good and reliable Prop Trading Firm and not to choose the wrong one. With PropTradingScam.com I want to help you to pick the right one, stay safe, and share your experience.