Crypto Fund Trader Review
4.5

Crypto Fund Trader Review

Crypto Fund Trader is a forex prop firm with an attractive Two-step challenge. They offer up to $200,000 in funding to traders.

Crypto Fund Trader is a forex prop firm with an attractive Two-step challenge. They offer up to $200,000 in funding to traders.

Pros
  • Outstanding Trustpilot rating: 4.3/5
  • Two cutting-edge funding initiatives offered
  • Leading as the top private firm focused on cryptocurrency
  • There are no limitations based on location for participation
  • A wide variety of cryptocurrency pairs are available for trading with competitive spreads starting at 0 pips
  • Low commission charges
  • Diverse Trading Instruments
  • Flexible Trading Days
  • Overnight Trading
  • Access to a professional trader dashboard
  • The diverse selection of trading instruments such as FX pairings, commodities, indices, stocks, and cryptocurrencies
  • A leverage ratio of 1:100 is applied to all trading options
  • Unrestricted flexibility with no specified maximum trading day obligations
  • Multiple Challenge Options
  • The first payment will be made within 15 days
Cons
  • Lack of a scaling strategy
  • Trailing drawdown is factored into the single-phase assessment
  • Minimum requirements for trading day
  • 5% Withdrawal Target

What is a Crypto Fund Trader?

Crypto Fund Trader is a trading firm that works under the corporate organization RLCRATES, S.L. It was founded on May 14, 2021, in Navarra, Spain. Alan Sánchez is the CEO of the company, which provides two account kinds for traders: a two-step evaluation and a one-step evaluation. Crypto Fund Trader collaborates with a top-tier liquidity provider to guarantee ideal trading settings that closely resemble real market situations. The company is headquartered at Calle Pau, 7, Bajo-A, 31016 Pamplona, Navarra, Spain, with Alan Sánchez serving as the CEO. Additional information on the CEO will be given at a later date.

Logo of Crypto Fund Trader .

Crypto Fund Trader Funding Programs and Challenges: Rules and Requirements 

Crypto Fund Trader offers traders two distinct funding scheme choices.

  1. Two-phase Evaluation 
  2. One-phase Evaluation 

Two-phase Evaluation 

Crypto Fund Trader provides traders with the opportunity to take part in its Two-phase Evaluation, allowing them to manage account amounts from $5,000 to $200,000. The major objective is to identify proficient traders who can sustain profitability and adeptly handle risk in the two-stage assessment procedure. Traders can use 1:100 leverage and get account funding in USD through the Two-phase Evaluation.

Account SizePrice
$5,000$50
$10,000$95
$25,000$210
$50,000$315
$100,000$520
$200,000$998

During phase one of the evaluation, traders must achieve an 8% profit goal while maintaining a maximum daily loss of 5% and a maximum overall loss of 10%. During this phase, traders are required to complete a minimum of five trading days to go to phase two, with no maximum limit on the number of trading days.

During phase two, traders are required to reach a 4% profit goal while adhering to the same maximum daily loss and maximum loss limits. As in phase one, there is no limit on the maximum number of trading days, but traders need to trade for at least five days to be eligible for a funded account.

Traders who complete both evaluation steps are granted a funded account without any minimum withdrawal stipulations. The sole requirements are to adhere to the 5% maximum daily loss and 10% maximum loss regulations. The initial payment is made either 15 or 30 days after opening the first position on the funded account, followed by the option to withdraw funds every 15 trading days or 30 calendar days. Traders are entitled to an 80% profit split from the earnings earned in their funded account.

Two-phase Evaluation Trading Rules & Objectives

  • Profit Target: Traders must reach a designated profit % to finish an assessment period, extract profits, or expand their trading account. Phase 1 necessitates achieving an 8% profit goal, whilst Phase 2 requires a 4% profit target. Funded accounts do not have predetermined profit goals.
  • Maximum Daily Loss: Traders have a maximum daily loss limit of 5% in a single trading day to stay within their account balance. This daily loss limit applies to accounts of all sizes.
  • Maximum Loss: There is a 10% overall maximum loss limit that applies to all account sizes without exceeding the account balance.
  • Minimum Trading Days: Traders must participate in trading for a specified minimum period before moving on to the evaluation phase. Both Phase 1 and Phase 2 require a minimum of 5 trading days.
  • Stop-loss Required: Traders must establish a stop-loss for each position before starting a trade to qualify for a reset on their funded account.
  • Stop-loss Position Risk: Traders must establish a predetermined percentage-based stop-loss for each trade before initiating it. Each position must adhere to a maximum stop-loss threshold of 2%.

One-phase evaluation 

The Crypto Fund Trader’s One-phase Evaluation method allows traders to handle account amounts between $5,000 and $200,000. The program’s goal is to find traders who are both successful and efficient in managing risks during the evaluation period. 

Account SizePrice
$5,000$55
$10,000$105
$25,000$230
$50,000$345
$100,000$570
$200,000$1,097

Traders need to reach a 10% profit goal while maintaining a maximum daily loss of 4% and a maximum trailing loss of 6%. They must operate with a 1:100 leverage and use USD for funding. Traders are required to trade for a minimum of five days to advance to a funded account, while there is no minimum trading day requirement. 

Traders are given a funded account without any minimum withdrawal requirements after the evaluation period, with only the 4% maximum daily loss and 6% maximum trailing loss regulations to adhere to. Payouts are issued either 15 or 30 calendar days after opening the initial position, and additional withdrawals can be made every 15 trading days or 30 calendar days. Traders are entitled to an 80% profit split derived from the profits of the funded account.

One-phase Evaluation Trading Rules & Objectives

  • Profit Target: Traders need to reach a specified profit margin of 10% to complete the evaluation phase, withdraw profits, or expand their trading account. Funded accounts do not have predetermined profit objectives.
  • Maximum Trailing Loss: The restriction for all account sizes is 4% to avoid exceeding the account’s threshold. The maximum trailing loss allowed without exceeding the account is 6% for all account sizes, calculated as the difference between the highest account balance and the lowest drawdown point.
  • Minimum Trading Days: Traders are required to trade for at least 5 days before completing the evaluation process.
  • Stop-loss Required: Traders must establish a stop-loss on every position before starting a trade to qualify for a reset on their funded account.
  • Stop-loss Risk Per Position: Traders must establish a percentage-based stop-loss for each position before initiating a trade, with a maximum limit of 2% for each position.

What are Forex Prop Challenges?

Forex prop challenges are a form of evaluation procedure put up by proprietary trading businesses (prop firms) to find exceptional traders and provide them with the opportunity to trade with the firm’s funds. These challenges are intended to put a trader’s capacity to earn profits while properly managing risk to the test, with a set of trading rules and objectives to adhere to over a specific period.

A forex prop challenge normally has two primary stages:

1. The challenge phase: During this initial phase, traders are given a demo account with a fixed balance and are asked to meet a certain profit objective within a set timeframe, often a month or two, while adhering to maximum drawdown restrictions and other trading guidelines. This phase evaluates the trader’s capacity to earn profits within specified risk constraints.

2. The Verification Phase: Traders who successfully met their profit objectives and followed the regulations during the challenge phase advance to the verification phase. This stage is similar to the challenge phase, although it often lasts longer and may include somewhat different profit objectives or criteria. The goal of this phase is to confirm the trader’s consistency and expertise across a longer time frame.

After completing both steps, traders are often awarded a funded account. This implies that the prop business sets aside a portion of its funds for the trader to handle. The profit gained by trading this capital is split between the trader and the prop business according to a predetermined split.

Forex prop challenges need a cost, which varies for each prop business. This charge covers the expense of the review procedure and guarantees that traders are committed to the offer.

The particular criteria aims, and structure of prop challenges might differ significantly between businesses. Traders are expected to match the following common parameters:

  • Profit targets: A predetermined proportion of the account balance that traders must meet.
  • Drawdown limits: The maximum permissible percentage loss from the account’s peak amount, both daily and cumulatively.
  • Minimum trading days: The number of active trading days required throughout the challenge period.
  • Trade style restrictions: Some companies may have regulations about trading strategies, such as forbidding high-frequency scalping or overnight positions.

Aside from the initial challenge fee, forex prop challenges provide traders with access to considerable trading capital without putting their cash at risk. However, participants must carefully evaluate the terms and circumstances of these challenges, since the criteria established by prop businesses are stringent and intended to test traders’ discipline, risk management, and trading acumen.

Crypto Fund Trader Broker: Do They Use a Reliable Platform? 

Crypto Fund Trader functions uniquely by collaborating with a tier-1 liquidity provider to provide top-notch replicated real market trading circumstances.

Crypto Fund Trader offers flexibility to traders by enabling them to choose between MetaTrader 5 or their customized CFT Platform for trading.

Crypto Fund Trader Fees: How Much Do They Charge? 

Trading Commission: 

Trading InstrumentCommission Fee
FOREX3 USD / LOT
COMMODITIES0.0005% per Side
INDICES0 USD / LOT
CRYPTO0.0125% per Side
STOCKS0.002% per Side

Therefore, Forex prop trading fees refer to the costs associated with participating in a proprietary (prop) trading firm’s program, particularly those that offer traders the opportunity to trade the firm’s capital. These fees are a critical aspect of the business model for many forex prop firms, especially those that run challenge or evaluation programs to vet potential traders. Here’s a breakdown of the types of fees that traders might encounter:

1. Challenge Fees

These are upfront fees paid by traders to enter into a trading challenge or evaluation program. The challenge is essentially a test that evaluates a trader’s ability to generate profits while adhering to specific risk management rules. If successful, the trader is usually offered the opportunity to trade with the firm’s money. Challenge fees can vary significantly depending on the firm, the size of the demo account provided for the challenge, and the complexity of the challenge itself.

2. Account Setup or Administration Fees

Some prop firms may charge a one-time setup fee for creating and managing a trader’s account. This fee might cover the administrative costs associated with setting up the trading infrastructure, account monitoring, and other backend services necessary for the trader to begin trading.

3. Monthly Desk Fees

Desk fees are akin to rental fees for the physical or virtual space and resources (like software, data feeds, and trading tools) provided by the prop firm. While more common in traditional prop firms that offer physical trading desks, some online forex prop firms might also charge a monthly fee for access to premium trading platforms or tools.

4. Profit Split

While not a fee per se, the profit split arrangement is a significant financial consideration in prop trading. After successfully passing a challenge, traders are allowed to trade with the firm’s capital, and any profits generated are split between the trader and the firm according to a predetermined ratio. Common splits might be 70/30 or 80/20, favoring the trader. It’s essential to understand the profit split terms as they directly affect the trader’s potential earnings.

5. Software or Data Fees

In some cases, traders might need to pay additional fees for access to specialized trading software, real-time data feeds, or analytical tools that are not included in the basic package offered by the prop firm.

6. Education or Training Fees

Some prop firms also offer educational courses, mentoring programs, or trading workshops. These might be optional or required parts of the trading program, with fees varying widely based on the content’s depth and duration.

Key Considerations

  1. Value for Money: Traders must assess whether the fees charged by a prop firm offer good value for the services provided, especially in terms of the trading capital access, technology, and support offered.
  2. Transparency: Reputable prop firms are transparent about their fee structure, with no hidden charges. Traders should thoroughly review all terms and conditions before committing.
  3. Risk: While paying fees for a chance to trade with significantly more capital can be appealing, traders should consider the risk of not passing the challenge and the potential loss of the fee paid.

Forex prop trading offers a unique opportunity for traders to leverage more substantial capital than they might otherwise access. However, understanding the fee structure is crucial to making an informed decision about which prop firm to engage with.

Crypto Fund Trader Proof of Payment:

Crypto Fund Trader is a proprietary trading enterprise founded on May 14, 2021, with a successful community of traders who have reached funded status and are eligible for profit sharing. After completing either the Two-phase Evaluation or the One-phase Evaluation with Crypto Fund Trader & achieving funded status, traders are entitled to the initial reward after either 15 trading days or 30 calendar days. Payouts can be received every 15 trading days or 30 calendar days if their account size is above the initial amount. Receiving an 80% profit share from the profits made on the financed account.

Crypto Fund Trader’s payment reliability is seen on multiple platforms. Traders on Trustpilot provide feedback on their experiences with the company and confirm the efficient payout process. The Crypto Fund Trader’s Discord channel displays several payout certificates from their best traders, providing additional evidence of their payment reliability.

Crypto Fund Trader Customer Support: 

Crypto Fund Trader understands the significance of providing strong customer support services to help its partner traders promptly deal with their issues and questions. The company provides two main avenues for clients to reach their technical support team, guaranteeing easy access to assistance. 

The contact options available include email as well as involvement in the official Discord channel. Discord is commonly chosen for quick communication due to the potentially delayed responses associated with email. 

Contact Information: 

  • Live Chat: Available
  • Email address: support@cryptofundtrader.com
  • Discord: Available
  • Languages Supported: English

What Makes Crypto Fund Trader Unique? 

Crypto Fund Trader offers traders two types of account evaluations: a two-step evaluation & a one-step evaluation, setting it apart from other proprietary trading organizations. The platform provides advantageous features including low earnings targets, unlimited trading periods, and minimal commission fees, and allows initial withdrawals after either 15 traded days or every 30 calendar days.

Traders must complete a thorough two-step process to qualify for payments in the Two-phase Evaluation. Traders must first reach an 8% profit goal and then a 4% profit goal in the second phase, while following daily maximum loss rules of 5% and 10%. 

There are no maximum trading day limits during the evaluation phase, however, traders must trade for a minimum of 5 calendar days in each phase. The Two-phase Evaluation is known for its unlimited trading term, modest profit target requirements, and quick first withdrawals, yet it does not have a scaling plan.

Crypto Fund Trader Reviews: What Do Their Customers Say?

Crypto Fund Trader has a rating of 4.2 out of 5 stars on Trustpilot. They are on the grand stage near the platform. A total of 219 reviews have been left by customers on Trustpilot. 

Crypto Fund Trader reviews example 6

#1. Edin Djemajloski, a CFT, remarked that the best firm he has ever traded with made their first payment to him. They first mentioned a 24-48 hour timeframe in an email, but in reality, they processed the money considerably quicker than expected. He has engaged in transactions with other organizations, but he considers CFT to be the top choice because of its speed, punctuality, transparency, and readily available help. CFT allows for endless possibilities.

Crypto Fund Trader reviews example 5

#2. Newita Petchcharatmora expressed his appreciation for the CTF Trading platform due to its feature that allows users to input amounts for Stop Loss (SL) and Take Profit (TP) orders, eliminating the need for manual calculation. Rated 4 stars due to sluggish manual trade closing affecting profit/loss significantly. 

An ideal challenge would lack a minimum trading day requirement and scaling plan, while these elements are not essential. Anticipating the activation of the live account within 2 days. If there are no problems and the payout is satisfactory, he will give CFT a five-star rating.

Crypto Fund Trader reviews example 4

#3. Rozamond Batler asserts that it is a reputable company. Although all his desires have been fulfilled, he feels a lack of visuals. He would alter the design.

Crypto Fund Trader reviews example 3

#4. Elias Marin commented that the firm is improving daily with the latest changes to the trader profile and dashboard. He has had a negative experience with orders that he has reported multiple times. Limit orders were set up and activated, however, sometimes the platform deleted the stop loss (SL) and take profit (TP) values, resulting in significant losses.

When they have a vacant position and make changes to any Stop Loss or Take Profit, customers will notice that the existing Stop Loss and Take Profit levels are removed before the new ones are added.

He has experienced instances where the order was executed without a stop loss being activated. If they make two orders, one hits the stop loss and the other incurs significant losses. He is feeling disheartened at this moment.

Crypto Fund Trader reviews example 2

#5. The prop trading firm is not trader-friendly and aims to remove traders quickly for violating rules, such as engaging in reverse trading, which they consider wrong due to their prohibition on hedging. If traders inquire about the lack of response, it is due to breaching the rules by sending a brief message. If they are truly seeking profitable traders, they should assess their performance and consider allowing them to manage company funds.  

However, in this case, they invest in marketing instead of focusing on trading. They operate within legal boundaries, and process payouts, however he can confirm this company is not recommended. He advises everyone to choose a proprietary trading firm established in 2016 for a more enduring business partnership, instead of newer firms focused just on profit. Gamblers are welcome as all assets have a leverage of 1:100! Either excel or depart.

Crypto Fund Trader reviews example

Conclusion

Crypto Fund Trader is a recognized proprietary trading organization that provides traders with two separate funding programs: the Two-phase Evaluation & the One-phase Evaluation. The Two-phase Evaluation consists of a conventional two-step assessment process. 

Traders need to pass both stages to be eligible for handling a funded account and receiving 80% profit splits. Traders strive to reach profit goals of 8% in phase one and 4% in phase two while following restrictions that limit daily losses to a maximum of 5% and overall losses to a maximum of 10%. 

Traders are required to trade for a minimum of 5 calendar days in each evaluation phase, with no maximum trading day limitations. The Two-phase Evaluation notably lacks a scaling plan. The One-phase Evaluation is a simplified assessment that requires traders to achieve a single 10% profit target to be eligible for a funded account and 80% profit splits. 

Traders must follow restrictions limiting daily losses to 4% and trailing losses to 6%. They must trade for at least 5 calendar days during the assessment phase, with no set maximum trading day requirement. Like the Two-phase Evaluation, the One-phase Evaluation also lacks a scaling strategy.

Account size up to:
$200,000
Leverage up to 1:100
*Choose your account type and start trading

4.0
Fees
4.0
Trading Platforms
5.0
Deposit and Withdrawal
5.0
Customer Support
4.5 Overall Rating

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto Fund Trader Review
4.5/5
© Copyright 2023 | Powered by Passionate Traders