For over a decade, DailyForex has been the trusted forex broker authority, and we've extended that same rigorous approach to the evaluation of proprietary trading firms. Our prop firm listings highlight the top-performing firms in specific categories, from instant funding to firms supporting EAs and copy trading. Each recommendation is the result of detailed analysis and strict criteria, ensuring traders can find the best match for their trading goals. Learn more about our methodology and how we maintain editorial integrity here.
Cryptocurrency trading continues to expand, with global market cap exceeding $2.25 trillion in 2024.
It is also often a highly volatile market. Consider trading with crypto prop firms to minimize the risk to capital. Should you pay for a challenge to get a funded account with the best crypto prop firms?
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- Hola Prime, The best prop firm for ultra-fast withdrawals.
- Funded Fast, .
- Sabiotrade, daily trading signals on the Quadcode platform and full-year mentorship.
- Eightcap Challenges, .
- DNA Funded, .
- Axi Select, .
Hola Prime
In Summary The best prop firm for ultra-fast withdrawalsI rank Hola Prime among the best crypto prop firms for its low costs, ranging between $48 and $1,499 for one-step and two-step evaluations of portfolios between $5,000 and $300,000. Skilled traders can scale portfolios up to $4M. Hola Prime requires at least two trading days per challenge. Traders can access evaluation-free Direct accounts for a one-time fee between $129 and $2,249.
Hola Prime offers traders a choice between the MT5, Match Trader, cTrader, and DXtrade trading platforms. The maximum daily drawdown permitted is between 3% and 5%, with a maximum between 5% and 8%. Customer support is available 24/7.
Pros & Cons
- A maximum profit share of 95%
- Four trading platforms
- Scalable accounts up to $4M
- One hour payouts
- Reletively newer firm (around one year old)
Funded Fast
In SummaryI rank FundedFast among the best crypto prop firms for scaling, as a five-level scaling plan increases the balance by 25% each level, with profit target requirements, minimum trading day requirements to promote steady progress, and tighter drawdown limits to enhance professional trading discipline. FundedFast also allows profit withdrawals via crypto, but the best trading day cannot exceed 50% of profits to qualify for payouts. The profit target is 10%, except for a 5% profit target for the second phase of the two-phase challenge. Traders must also comply with the daily loss limit of 5% and a maximum drawdown of 10%.
FundedFast offers six trading challenge accounts, ranging from $5,000 to $400,000, with fees between $49 and $2,999. The Trader Success Team curates short videos for prop traders, while the FundedFast University offers a total of 20 lessons. Affiliates can earn up to 30% on each referral and challenge.
Pros & Cons
- Profit share 90%
- Free retry if rules are followed
- Low evaluation fees starting at $49
- Single-phase evaluation with no time limits
- Rewards are not always clear
Sabiotrade
In Summary daily trading signals on the Quadcode platform and full-year mentorshipSabioTrade is one of the newer nest prop trading firms, headquartered in Ireland but owned by well-known Cypriot FinTech company Quadcode, which also operates the brokerage IQ Option. It makes SabioTrade an exciting entry into prop trading, as it offers the user-friendly proprietary Quadcode-powered trading platform with 100+ built-in indicators, widgets, and alerts. Traders also get trading signals and a three-step educational course.
SabioTrade’s maximum leverage is 1:30, and potential prop traders must complete a two-day rapid training and comprehension check. A 7-day free trial is available, and SabioTrade offers three funded account options.
Pros & Cons
- Dashboard-integrated trading platform by QuadCode Markets
- Quick 1-step assessment
- Funded accounts $10,000-$200,000
- Profit share between 70% and 90%
- No weekend positions
Eightcap Challenges
In SummaryDay traders get a unique offer: a 1-hour, 2-hour, 4-hour, and 8-hour challenge, a trading stake selection between $5 and $500, and payout ratios of 2, 5, and 10 times. The selection determines the drawdown and profit target, while all accounts start with a $10,000 balance. Traders can use MT4/MT5 and TradeLocker. This places Eightcap Challenges among the best prop firms. Qualifying traders can request payouts in Bitcoin, USDT (TRC20), or USDT (ERC20). KYC requirements are mandatory for withdrawals exceeding $1,000, in line with industry standards.
Eightcap Challenges also offers traditional one- and two-phase evaluations with five account sizes ranging from $5,000 to $200,000, with up to $600,000 in allocated capital per trader. The maximum leverage is 1:100, with a 80% profit share. The one-time evaluation fees range between $99 and $1,299. The profit target is 10% except for the second phase of the two-phase evaluation, where it decreases to 8%.
Pros & Cons
- No time limits on One-Phase and Two-Phase challenges
- Traders can complete challenges within hours and earn payouts on the same day.
- Day Trader Challenges offers a completely customizable trading experience – traders choose their own duration, stake and payout.
- Operated by the multi-regulated Eightcap Group
- Scalping is restricted; trades must be open for 60 seconds
DNA Funded
In SummaryI rank DNA Funded among the best Forex prop firms for its low evaluation fees. Traders pay $49 to $1,209 for portfolios between $5,000 and $200,000. Traders can choose among 16 challenges and one-phase, two-phase, and 10-day rapid evaluations. DNA Funded offers add-ons to increase the profit share up to 90% and decrease the payout frequency to seven days.
Prop traders will trade via the TradeLocker platform. The maximum daily drawdown is 5% for the one-step evaluation, 6% for the two-step alternative, and 4% for the 10-day challenge, with a maximum drawdown of 6%, 10%, and 5%, respectively.
Pros & Cons
- Maximum profit share of 90%
- Max allocation of funded accounts up to $600K
- Transparent trading conditions with TradeLocker login details
- A well-balanced asset selection of 800+ assets
- Limited operational history
Axi Select
In SummaryAxi launched its Axi Select in-house prop trading service, which sets itself apart from the industry by not requiring a fee-based evaluation, making it 100% free. Interested traders must open a live Axi trading account, fund it with at least $500, and start trading. The personalized Edge Score determines eligibility for a funded account, and Axi has a six-stage program that scales with the trader. For the initial stage, the $500 deposit grants access to a $5,000 account, and the profit share is 0%. It lasts for at least 30 trading days, has a 7% profit target, and requires 20 trades.
The second stage requires a minimum equity balance of $1,000, caps funding at $20,000, and increases the profit share to 40%. The maximum leverage is 1:100 with a maximum drawdown of 10%. The Axi Select structure is created highly professionally, making Axi one of the best prop firms.
Pros & Cons
- Unrestrictive Rules: There are no time limits to qualify; EAs are permitted.
- Scale up to $1 Million
- Backed by a Broker: Run by Axi (founded 2007)
- No Registration Fees: A unique model where you do not pay for an evaluation; the entry cost is zero.
- Regional Restrictions: Program is not available to the US, UK, EU, or Australia.
Top Crypto Proprietary Trading Firms
Few pure crypto prop firms exist, but many prop trading firms offer cryptocurrency trading via their partner brokers. Most retail prop trading firms that feature paid-for evaluation challenges only grant access to demo accounts after prop traders successfully pass a challenge.
The best crypto prop firms allow cryptocurrency trading via CFDs and usually restrict trading to a handful of highly liquid cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, and Dogecoin. NFTs and meme coins are generally unavailable, except for Dogecoin after it matured into a Top 10 cryptocurrencies by market capitalization, as crypto prop firms tend to partner with well-established top-end crypto brokers who stay away from high-risk assets.
How Were These Crypto Prop Trading Firms Chosen and Rated?
Traders can use numerous metrics to rate crypto prop firms based on their requirements and preferences, but I have used the below attributes as they apply to all traders and strategies.
Here is how I chose and rated the crypto prop firms:
- Challenge difficulty - Passing the challenge is the first step, and quality prop firms must have reasonable conditions from daily drawdown limits, maximum drawdown limits, profit targets, and minimum trading days
- Evaluation fees - High evaluation fees are a red flag that the prop firm relies exclusively on them for revenues and not trading
- Trading fees - They determine how competitive the trading environment is and can determine which strategies have the highest profit potential
- Trading platforms - The available trading platforms directly impact trading strategies a prop trader can use
- Profit split - This is the percentage of profits prop traders get to keep, and traders should stay away from prop firms that offer less than 80%
- Asset selection - A balanced asset selection ensures greater diversification, trading opportunities, and profit potential
- User Rating - Prop traders should take each review with a degree of skepticism, but many negative reviews are a significant red flag
- Customer support - The ease of contacting customer support and their response time is a core element between prop traders and crypto prop firms
What Is a Crypto Proprietary Trading Firm?
Crypto prop firms provide capital to traders, who receive a contract, a regular salary, and a performance-based bonus. Retail prop firms function differently, rely on funded challenges, and keep prop traders running demo accounts while providing a generous profit split. The industry relies on income from challenge fees rather than trading, but a few exceptions exist. Therefore, prop traders must conduct due diligence before paying the challenge fee.
How Should I Choose a Crypto Prop Firm?
Every trader has requirements and preferences, but the criteria below apply to all traders and crypto prop firms.
The best crypto prop firms must excel at the following:
- Reputation and track record - Avoid crypto prop firms with less than five years of operational history and many negative reviews
- Evaluation fees - Expensive costs are a red flag, as they suggest the prop firm relies on them for income instead of trading
- Profit split - Never accept a deal with less than 80 profit split in your favor
- Trading platforms - Ensure the trading platform supports automated trading to ensure up-to-date technology powers operations
- Internal risk management - The best crypto prop firms deploy strict risk management, and its absence is a red flag
What Can You Trade with a Crypto Prop Firm?
Most crypto prop firms are retail prop firms that offer cryptocurrency CFDs. The asset availability depends on the partner broker of crypto prop firms and any restrictions the crypto prop firm implements. Most crypto prop firms only offer a few of the most liquid and well-capitalized cryptocurrency CFDs.
How Big Are the Funded Accounts?
Crypto prop firms provide traders with various funded accounts. During my research, the smallest accounts option was $5,000, and the largest scaled to $2,000,000. The evaluation fee depends on the desired account size, and prop traders cannot change it after passing verification.
How Much Is the Profit Split?
The profit split at most crypto prop firms ranges between 80% and 90%. Prop traders should ignore anything less than 80% but consider paid-for add-ons that increase the profit split between 95% and 100%.
Are Crypto Prop Firms Legit?
Crypto prop firms are legitimate businesses duly registered in their jurisdiction but remain unregulated. Regrettably, the retail crypto prop firms scene is cluttered with fraud and scams.
Crypto Prop Firms – Pros and Cons
Prop traders should evaluate the pros and cons of crypto prop firms before considering paying for the challenge fee.
Crypto Prop Firm Pros
- Risk-free capital
- Earnings potential
- Risk management
- Career path
- Performance coaches
Crypto Prop Firm Cons
- Limited asset selection
- Most crypto prop firms rely on evaluation fees as income rather than trading
- No live trading, as prop traders get demo accounts
- Fraud and scams
- Educational material to entice unqualified beginners to pay evaluation fees
- High stress levels
Bottom Line
Most crypto prop firms provide traders with capital in demo accounts, paid-for evaluations, and generous profit splits. Only the best crypto prop firms include a path to becoming prop traders who manage live portfolios with a fixed salary.
