Crypto Fund Trader Review

Embarking on the world of cryptocurrency trading has never been more accessible, thanks to Crypto Fund Trader. Open to individuals aged 18 and above, regardless of their location, Crypto Fund Trader beckons with a user-friendly platform. In this comprehensive review, we delve into the funding options, fees, trading assets, and any restrictions that prospective traders need to be aware of. Join us as we uncover the key elements that make Crypto Fund Trader a compelling choice for those looking to navigate the dynamic landscape of crypto investments.

 About Crypto Fund Trader

New to the prop trading industry, Crypto Fund Trader offers favorable trading conditions across all major asset classes, including cryptocurrencies, Forex, indices, commodities, and stocks. They focus on providing capital to traders so that they may progress in their careers. If you pass their 2-phase evaluation challenge successfully, they will provide you with up to $200,000 in funding and not be liable for losses.

They are also the first prop firm that actually shows proof of reserves. The Proof Of Reserves is there to show that Crypto Fund Trader has the financial resources to back up its customers’ funds. It’s updated every Saturday. This is terrific, and we believe it could serve as an example for other prop trading firms to follow.

Funding Program Options

The first step is to choose the examination you want to take from the menu of available options. Your credentials will be sent to you within 24 hours of your purchase. After that, you’ll be ready to begin trading and go on to the next round of evaluation.

There is just one kind of funded trader program available, which is not a negative thing since it simplifies following the rules. The program starts with a $10,000 capital and goes up to $200,000 with an 80/20 profit split. At the moment, they don’t have scaling, but they could add one in the future. So the most capital you can get is $200,000.

Fees

They have different plans, and the evaluation price will depend on how much capital you want.

• $85 for $10,000 in capital.
• $199 for $25,000 in capital.
• $299 for $50.000 in capital.
• $499 for $100,000 in capital.
• $998 for $200,000 in capital.

They offer credit card and cryptocurrency payment channels and accept 29 different cryptocurrencies from Coinbase Commerce.

Tradable Assets

More than 380 different instruments may be traded on Crypto Fund Trader. There’s crypto, forex, indices, commodities, and stocks. You won’t be trading on MetaTrader 4 or MetaTrader 5. They have their own CryptoFundTrader platform, which is available on the web, PC, iOS, and Android. If you want to check out their platform, you can click on this link and enter:
demo@cryptofundtrader.com

DemoCFT1

The list of assets are:

• 28 Cryptocurrencies (Bitcoin, Doge, BCC, Dot, etc)
• 45 Forex (Major and Minor Pairs)
• 38 Indices (US500, US100, GER30, EU50, etc)
• 22 Commodities (Silver, Gold, Aluminum, Corn, etc)
• +250 Stocks (AAPL, AMZN, BABA, DIS, etc)

Restrictions

There is a minimum trading period of 5 days (minimum of 1 trade per day). The maximum loss you can have in a day is 5% of your balance at 1 AM CET. The most you can lose is 10% of what was in your account at the start.

Their rules are pretty lenient. You can trade the news and keep trades open overnight and on weekends. They give their traders a lot of freedom. They don’t care what strategy you use as long as you keep the risk under control. This implies they will not allow traders who gamble or put all their capital into a single trade.

Challenge

The challenge is pretty standard, like most prop firms. You just need to pass their 2 phase challenge before getting funded. For their challenge, there is no time limit. So you can take your time to pass their challenge. 

Phase 1

• Profit target: 8%
• Maximum Daily Loss: 5% 
• Maximum Overall Loss: 10% 
• No trading fees
• Spread from 0 pips
• No Time Restrictions

If you’ve already completed Phase 1, you’ll get an email letting you know, and the Crypto Fund Trader team will get your Phase 2 account to you within 24 hours.

Phase 2

• Profit target: 4%
• Maximum Daily Loss: 5% 
• Maximum Overall Loss: 10% 
• No trading fees
• Spread from 0 pips
• No Time Restrictions

When phase 2 is complete, you will get an email of confirmation, and the Crypto Fund Trader team will provide your fully funded account within 24-48 hours.

Funded Trader

• Profit Split: 80%
• No Profit Target
• Maximum Daily Loss: 5% 
• Maximum Overall Loss: 10% 
• No trading fees
• Spread from 0 pips
• No Time Restrictions

As a funded trader, the profit split will be 80/20. Withdrawals can be made at any time after you have been trading for at least 5 days, haven’t broken any rules, and meet the risk parameters (not gamble and not get all the capital in just one trade). 

Withdrawals are handled using the Deel platform for Crypto Fund Trader. When the money is in your account, you may transfer it to your preferred withdrawal method (e.g., a bank account, a credit card, PayPal, Payoneer, Revolut, Wise, Coinbase, etc.).

You can also withdraw your money using cryptocurrencies like BTC, ETH, USDT, and USDC.

After the team confirms the details, they’ll provide payment within 48 business hours. The user can expect to get the funds within 24 hours of the payment being submitted.

You should keep this particular point in mind. If your funded account was suspended while it was in profit, you could get 50% of the money you made if your trades met two conditions:

• All your trades on the live account must include a stop loss.
• You can’t lose more than 2% of the size of your account on any one trade.

You have to meet both of the above requirements. Then, within seven days following the violation, you may ask to have 50% of your profits transferred out of your suspended real account.

In Conclusion

Lastly, Crypto Fund Trader is a legit prop trading firm that provides some of the best market conditions. Although they are new to the prop trading industry, the fact that they offer 100:1 leverage on all assets, a 0 pip spread, no fee, no trading restrictions, and no time limits on challenges makes them a very appealing option.

They may be the ideal prop firm for crypto traders. There is a general lack of access to large leverage for crypto trading among prop firms. As a result, a 1:100 leverage for cryptocurrency trading could be a huge benefit for crypto traders. In fact, all traders, not only crypto ones, may benefit greatly from their lenient rules and wide asset selection.