In the last couple of years, prop firms have gained massive popularity in the trading industry. They are a useful tool for traders to acquire more trading capital and magnify their income. Some take it much further by claiming that prop firms are life changers, as you can access enormous amounts of capital by only investing a few hundred bucks. One of these platforms is Crypto Fund Trader. In this article, we are going to provide a comprehensive Crypto Fund Trader review for 2024.
First, we begin by introducing the Crypto Fund Trader prop firm. We explain how it works by describing its challenges (exams), trading rules, and passing requirements. Then, we move on to present a list of benefits and risks associated with subscribing to their services. We also provide a step-by-step guide to passing the exams. Overall, In this Crypto Fund Trader review, we aim to provide a definitive answer to the question, “Is Crypto Fund Trader legit?”.
What is Crypto Fund Trader?
The first step to begin our Crypto Fund Trader review is to introduce the platform. Crypto Fund Trader is a prop trading firm. These firms grant traders capital to trade with if they can pass a paid challenge. On the Crypto Fund Trader website, these challenges are called exams. To pass an exam, you should pass its two phases. Each of these phases has specific profit and drawdown requirements.
After you pass the Crypto Fund Trader exam, you will become a funded trader. As a funded trader, you will have access to a trading account with a prespecified amount of capital. Any profits you make from this account will then be split between you and the Crypto Fund Trader.
Crypto Fund Trader Review: Program Rules
On the Crypto Fund Trader prop firm, you can trade forex, stocks, commodities, indices, and, obviously, crypto. Note that there is still no option to trade crypto exchange-traded funds on CFT.
The platform offers 1-phase and 2-phase challenges and allows you to get funded with up to $200K and enjoy an 80% profit split. Here are the details of the 2-phase funding programs:
| Phase | Profit Target | Max Daily Loss | Max Overall Loss | Leverage | Spread | Period |
| Phase #1 | 8% | 5% | 10% | 1:100 | From 0 pips | Indefinite |
| Phase #2 | 4% | 5% | 10% | 1:100 | From 0 pips | Indefinite |
| Funded | – | 5% | 10% | 1:100 | From 0 pips | Indefinite |
In case you are looking to get funded more quickly and have enough confidence in your trading skills, you can opt for 1-phase programs. The table below summarizes the details of the 1-phase challenges:
| Phase | Profit Target | Max Daily Loss | Max Trailing Loss | Leverage | Spread | Period |
| Phase #1 | 10% | 4% | 6% | 1:100 | From 0 pips | Indefinite |
| Funded | – | 4% | 6% | 1:100 | From 0 pips | Indefinite |
Note that you should only pay a registration fee for the first phase.
How Does Crypto Fund Trader Work?
The Crypto Fund Trader prop trading firm provides funding to traders who can pass their evaluation. The evaluation consists of two phases where traders must meet profit targets without exceeding maximum daily and overall loss limits. If traders pass, they can receive up to $200,000 in funding from Crypto Fund Trader.
With the funding, traders get access to favorable trading conditions like 0 pip spreads, high leverage, and low commissions. Funded traders keep 80% of their profits, while Crypto Fund Trader takes a 20% cut.
Traders can withdraw profits easily through their dashboard via bank transfer or cryptocurrency. Crypto Fund Trader aims to provide sufficient capital and ideal trading terms to skilled traders who demonstrate their abilities.
You can also choose to trade on Metatrader 5 or the CFT platform. The Crypto Fund Trader’s data feed providers include Binance, Coinbase, Bitfinex, and OKX.
Crypto Fund Trader Review: Pricing
The Crypto Fund Trader platform offers various pricing plans. Each account, depending on its size, has its own registration fee. Here is a detailed overview of the 2-phase plans:
| Size | Phase #1 Target | Phase #2 Target | Max Daily Loss | Max Overall Loss | Leverage | Min Trading Days | Price |
| $5,000 | 8%
($400) |
4%
($200) |
5%
($250) |
10%
($500) |
1:100 | 5 | $50 |
| $10,000 | 8%
($800) |
4%
($400) |
5%
($500) |
10%
($1,000) |
1:100 | 5 | $95 |
| $25,000 | 8%
($2,000) |
4%
($1,000) |
5%
($1,250) |
10%
($2,500) |
1:100 | 5 | $210 |
| $50,000 | 8%
($4,000) |
4%
($2,000) |
5%
($2,500) |
10%
($5,000) |
1:100 | 5 | $315 |
| $100,000 | 8%
($8,000) |
4%
($4,000) |
5%
($5,000) |
10%
($10,000) |
1:100 | 5 | $520 |
| $200,000 | 8%
($16,000) |
4%
($8,000) |
5%
($10,000) |
10%
($20,000) |
1:100 | 5 | $998 |
The 1-phase programs also have similar pricing. Yet, the prices are quite different:
| Size | Phase #1 Target | Max Daily Loss | Max Trailing Loss | Leverage | Min Trading Days | Price |
| $5,000 | 10%
($500) |
4%
($200) |
6%
($300) |
1:100 | 5 | $55 |
| $10,000 | 10%
($1,000) |
4%
($400) |
6%
($600) |
1:100 | 5 | $105 |
| $25,000 | 10%
($2,500) |
4%
($1,000) |
6%
($1,500) |
1:100 | 5 | $230 |
| $50,000 | 10%
($5,000) |
4%
($2,000) |
6%
($3,000) |
1:100 | 5 | $345 |
| $100,000 | 10%
($10,000) |
4%
($4,000) |
6%
($6,000) |
1:100 | 5 | $570 |
| $200,000 | 10%
($20,000) |
4%
($8,000) |
6%
($12,000) |
1:100 | 5 | $1,097 |
Note that with a Crypto Fund Trader discount code, you can buy these challenges at a cheaper price. You should simply search for Crypto Fund Trader coupon codes on Google. Since this is an easily accessible method, many traders use it to save on their upfront costs. There are also Crytpo Fund Trader discounts that the platform itself occasionally offers to traders. So, make sure to check their website and stay tuned.
Crypto Fund Trader Review: Fee Structure
Crypto Fund Trader has a competitive fee structure designed to keep trading costs low for funded traders. They charge 0.0125% per side for crypto trades, 0.0005% per side for commodities, 0.002% per side for stocks, $1.5 per lot per side for forex trades, and no fees at all for indices. This per-trade commission model based on asset class aims to provide traders with minimal fees so more of their profits can be retained.
By offering zero fees on indices and capped costs on other assets, Crypto Fund Trader enables funded traders to execute trades across various markets without excessive expenses eating into their bottom line. The fee structure is straightforward and aligned with their claim of allowing skilled traders to grow accounts.
Crypto Fund Trader Review: Benefits and Risks
The main benefits of trading with the Crypto Fund Trader prop firm revolve around the access to capital and favorable trading conditions it provides. Through passing the evaluation phases, you can get funded with up to $200,000 to put towards trading. This additional capital allows you to trade at a larger size.
Additionally, funded traders enjoy an 80/20 profit split where they keep 80% of the profits generated. Other advantages include 0 pip spreads, high 1:100 leverage, the ability to trade various asset classes like crypto and forex, and flexible programs you can choose from based on your skills.
However, there are also notable risks to consider when opting for this crypto funded trader program. The evaluation phases pose a challenge, as traders must meet specific profit targets without exceeding the maximum daily and total loss limits in order to get funded. Those who fail the evaluation lose their entire registration fee and do not get funded. While the 80/20 split is favorable, the 20% taken by the crypto fund trader platform reduces overall profitability.
Subscribing to this crypto funded trader program, you also take on financial risk with the upfront costs to enter. The risk may not pay off if you are unsuccessful in passing the evaluations. Finally, funded traders still have to navigate the inherent uncertainties and volatility of the markets. This could make hitting profit targets difficult.
Overall, you must evaluate if the potential rewards of capital and advantageous conditions outweigh the very real challenges and costs of trading with a prop firm like Crypto Fund Trader.
Trustpilot and Reddit Reviews: Is Crypto Fund Trader Legit?
Similar to any online platform related to trading and finance, you should first ensure that the Crypto Fund Trader is legit. The Crypto Fund Trader platform claims that traders are constantly passing challenges and getting payouts. However, it would be beneficial to search for the Crypto Fund Trader prop firm reviews on online forums like Trustpilot and Reddit.
Crypto Fund Trader Trustpilot reviews generally portray a positive image of the platform. Traders express satisfaction with aspects such as transparency, reliability, quick payouts, and a smooth onboarding process. Moreover, many Reddit users praise this crypto funded trader program for its favorable trading conditions, including low spreads, decent leverage, and a variety of cryptocurrency pairs.
Several Crypto Fund Trader Trustpilot reviews highlight the efficient customer support, praising the team’s responsiveness and practical approach when addressing concerns. Positive experiences with payouts, ease of use, and well-organized interfaces are commonly mentioned, contributing to an overall positive perception of CFT.
However, there are a couple of negative Crypto Fund Trader reviews. One user mentions an issue with the dashboard’s daily drawdown feature, expressing dissatisfaction with the platform’s response to the problem. Another user reports challenges with account termination due to a breach of rules, while the platform defends its actions by emphasizing the importance of adhering to its guidelines.
Despite a few criticisms, the majority of Crypto Fund Trader Trustpilot reviews express contentment with the platform. Users praise it as one of the best prop firms in terms of trading conditions, support, and overall reliability. Users highlight successful experiences with challenges, payments, and the platform’s performance in crypto trading. As a result, the crypto fund trader platform seems like a legitimate choice if you seek to become a funded crypto trader.
Step-by-Step Guide to Becoming a Funded Crypto Trader with CFT
While this article is primarily a Crypto Fund Trader review, we also offer a step-by-step guide on how you can become a funded trader with the platform.
Step 1: Registration and Program Selection
Begin your journey with Crypto Fund Trader by registering on their website and selecting the challenge size and program that suits your preferences. This involves providing necessary personal information and choosing between 1-phase or 2-phase challenges. This is the first step in the path to becoming a funded crypto trader with CFT.
Step 2: Understand Challenge Details
Delve into the specifics of the chosen challenge, carefully examining profit targets, daily loss limits, overall loss limits, leverage, spread, and duration for each phase. A thorough understanding of these details is crucial for successful navigation.
Step 3: Develop a Trading Strategy
Formulate a robust trading strategy that aligns with the challenge requirements. Focus on risk management principles to ensure that you not only meet the profit targets but also stay within the prescribed loss limits. This strategic foundation will guide your trades throughout the challenge.
Step 4: Execute and Evaluate
Initiate Phase 1 by making the necessary payment and executing your trading strategy. Regularly evaluate your results, ensuring that you are on track to meet the profit target and staying within the daily and overall loss limits. If successful, progress to Phase 2 for additional challenges.
Step 5: Review and Access Funded Account
Continuously review your trading performance, making necessary adjustments to optimize your strategy based on feedback. Upon successfully completing the challenge, you gain access to capital and become a funded crypto trader. This marks the transition from the evaluation phases to trading with real funds in the Crypto Fund Trader platform.
How Can Finestel Help Prop Firm Traders?
As a trading solution provider, Finestel offers traders various tools and services to enhance their trading. These tools include automated trading solutions like the Tradingview bot, portfolio trackers, performance analytics, and signals systems. Such tools and services can be invaluable for those who are willing to participate in crypto funded trader programs.
Moreover, if you are looking for alternative ways to increase your assets under management, Finestel’s copy trading service and the white-label asset management solution can aid you significantly.
Finestel’s services are designed for professional traders, specifically those who are looking to elevate their trading careers. Funded crypto traders can even diversify their assets under management by attracting investor capital using our services. For more information about Finestel’s offerings, you can contact our sales team.
Conclusion
In this comprehensive Crypto Fund Trader review, we have covered CFT’s offerings as a prop trading firm. We explained how their evaluation process works. Traders need to meet profit targets across one or two phases to become a funded crypto trader and acquire up to $200,000. The platform provides favorable trading conditions like high leverage and low spreads. Moreover, we analyzed Crypto Fund Trader Trustpilot reviews. While reviews are mostly positive, traders should still evaluate risks like the upfront costs and the potential to fail the challenges.
Overall, prop firms like CFT give traders a chance to access more capital. Yet, the path to getting funded involves skill, strategy, and accepting the risks. When choosing any prop firm, traders should research thoroughly. They should analyze their own capabilities and determine if the potential rewards outweigh the challenges. Additionally, we mentioned how using services like Finestel can provide insightful tools to help traders succeed in prop firm trading.
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