Crypto Prop Trading Firm

Crypto prop trading firms offer different trading challenges and evaluations, such as one-step trading challenges, two-step trading challenges, and instant funding challenges. It’s important to understand that when a trading firm has an easy trading challenge, it may be to the trader's disadvantage. When firms have easy trading challenges, many traders pass, which can create payout issues since traders trade on demo accounts that do not generate real profits. In the prop trading industry, it is known that "the harder the challenge rules, the better the trading firm". As a crypto trader, choosing a crypto prop firm with stricter but transparent rules ensures that most traders will not pass the challenge, making it easier for you to receive payouts once you succeed.

Crypto prop trading firms offer multiple trading platforms to attract traders. Prop trading is more well-known in forex trading, where traders primarily use MetaTrader 4, MetaTrader 5, cTrader, TradeLocker, or Match Trader. All of these platforms use CFD trading, meaning that as a trader, you trade against your trading firm, which acts as the counterparty. In crypto prop trading, the concept is similar, most firms use CFD trading platforms. However, serious crypto traders prefer to trade USDT Futures on a third-party exchange or platform, allowing them to trade transparently on their own account. The prop firm only evaluates the results and does not trade against the trader. HyroTrader provides the ByBit trading platform and CLEO trading platform. Both platforms are registered to your own account, where you are the account owner. We do not have access to manipulate your trading environment or trade against you.

When choosing the best crypto prop trading firm, it is important to consider where the firm is based and who is behind it. Many firms operate as offshore companies, which can be risky because if they decline your payouts, you have no way to recover your money. Therefore, you should work with a crypto prop firm with a real trading office that is not based offshore. If a prop trading firm has no office and the team is hidden, be cautious because these types of firms can decline your payouts, and you won’t even know who you are working with.

Most prop trading firms offer a profit split ranging from 70% to 90%. However, some firms offer a 100% profit split. In this case, you should be cautious because if the firm offers a 100% profit split, it means they earn nothing from your trading. Their primary goal may be to collect challenge fees without intending to support you in the long term. Every successful crypto prop trading firm wants to profit when traders profit. With a 100% profit split, that is not possible. When choosing a prop trading partner, look for a firm with a profit split ranging from 70% to 90%.

When a trading firm offers instant funding, it is often considered a "pyramid scheme" where you pay an evaluation fee to access a funded account and receive a profit split. However, receiving a funded account should take time and effort, and only the most disciplined traders can succeed in the long term. When choosing your prop trading partner, we recommend avoiding firms that provide instant funding, as this is often a marketing tactic to collect evaluation fees.

Only a few retail prop trading firms offer traders the opportunity to trade with real capital. This is essential because, as a profitable trader, you want to trade with a prop trading firm long-term, not just receive a few payouts. To receive profit splits consistently, you need to work with a firm that allows you to trade on the real market. When you trade on the real market, the firm copies your trades and earns from your trading, meaning both you and the firm profit when you win. If you trade only on a demo account, the firm is at a loss when you profit because they pay you from challenge fees paid by other traders rather than from the profits you earn. In forex trading, FTMO offers traders the opportunity to trade on a real account. In crypto prop trading, HyroTrader provides the opportunity to trade on a sub-account or have your trades copied directly from your exchange account.