Welcome back, folks! In this review, we’re diving into Crypto Fund Trader, the latest addition to our list of featured prop trading firms. Established in May 2021 and based out of Spain, Crypto Fund Trader has quickly gained a reputation for offering robust funding programs designed to cater to a wide array of trading strategies. Let’s delve deeper into what makes this firm stand out.
The Two-Phase Evaluation Program
Crypto Fund Trader offers two main evaluation paths: a two-phase evaluation and a one-phase evaluation. The two-phase evaluation is particularly appealing for its structured approach to identifying profitable traders with efficient risk management skills. Here are the key details:
- Account Sizes: Ranging from $5,000 to $200,000.
- Leverage: Up to 1:100, with all accounts denominated in USD.
- Phase 1 Profit Target: 8%, with no more than a 5% daily loss or a 10% total loss permitted.
- Phase 2 Profit Target: 4%, adhering to the same loss limitations as Phase 1.
- Trading Days: No maximum limit, but a minimum of 5 trading days is required to advance.
- Reward: Successful completion grants a fully funded account.
This evaluation process offers a transparent and achievable pathway to obtaining a funded account, without stringent withdrawal restrictions.
The One-Phase Evaluation Program
For those looking for a more streamlined process, the one-phase evaluation provides a quicker route to funding:
- Account Sizes: Available from $5,000 to $200,000 USD.
- Profit Target: 10%, with a 4% daily loss and a 6% total loss threshold.
- Trading Days: A minimum of 5 trading days is required, with no specified maximum.
- Reward: A fully funded account awaits those who meet the criteria.
The one-phase evaluation challenges traders to showcase their profitability and risk management within a single, more demanding phase, culminating in the award of a funded account upon successful completion.
Final Thoughts
Crypto Fund Trader distinguishes itself with its dual evaluation programs, catering to traders at different stages of their career. Whether opting for the two-phase or one-phase evaluation, traders are presented with a clear, attainable path to success. The firm’s commitment to flexibility, combined with the lack of minimum withdrawal requirements, positions Crypto Fund Trader as an attractive option for aspiring proprietary traders.
As Crypto Fund Trader continues to evolve and expand its offerings, it’s set to become a staple in the proprietary trading community, offering traders not just funding, but a partnership in growth and success.