Hello everyone. This time, we have a fresh and updated review for you. We’re going to Review Crypto Fund Trader, a proprietary trading firm renowned for its excellent reputation and appealing opportunities for traders worldwide.
We’ll explore the firm’s standout features, trading platforms, and some other things so you have a comprehensive insight into what Crypto Fund Trader offers.
Crypto Fund Trader Review Has Arrived!
For those unfamiliar with Crypto Fund Trader, they are a well-established prop trading firm that entered the industry in May 2021. They have offices in Navarre, Spain, and are famous for their innovative approach to trader funding, offering two distinct funding programs: a two-step evaluation and a one-step evaluation.
But first, let’s dive into the funding program options that are available. There are two: the two-phase and the one-phase evaluation.
Two-Phase Evaluation Program
Let’s have some fun and start with the two-phase evaluation program, which offers traders the chance to manage account sizes ranging from $5,000 all the way up to $200,000. This evaluation process is designed to identify skilled traders who can consistently generate profits while managing risk effectively. Traders have access to 1:100 leverage, depending on the instruments traded, which we’ll cover more later on.
- In the two-phase evaluation, Phase 1 has a profit target of 8%, and Phase 2 has a profit target of 5%. In both phases, you must not surpass your maximum daily loss of 5% or an overall loss of 10% to reach funded status. There is no cap on maximum trading days, but a minimum of five trading days is required to qualify for a fully funded account.
One-Phase Evaluation
Now, let’s move on to the one-phase evaluation. This program also offers account sizes ranging from $5,000 to $200,000, focusing on skilled traders who can consistently generate profits while managing risk but with a simpler one-step evaluation process.
- During this stage, you must reach a profit target of 10% without exceeding a maximum daily loss of 4% or a maximum trailing loss of 6%. Again, there are no maximum trading day requirements, but you must trade for at least five days to qualify for a funded account. Upon successful completion, you’ll get a funded account with no minimum withdrawal requirements, provided you adhere to the 4% daily loss and 6% overall trailing loss rules.
What Separates Crypto Fund Trader from Other Firms With Similar Objectives?
Now, what separates Crypto Fund Trader from other firms with similar objectives? They provide several favorable features, such as an unlimited trading period (which is rare across the industry), tight spreads starting at zero pips, very low commission fees, and high leverage of 1:100 on all trading instruments once you’re funded. Additionally, there are virtually no trading restrictions once you become a funded trader, which certainly sets them apart.
As always, it’s important to evaluate the achievability of the trading requirements when considering a prop trading firm. Crypto Fund Trader offers realistic trading objectives and conditions that make qualifying for payouts straightforward—as long as you’re not approaching the market with a gambling mindset. Crypto Fund Trader is for longevity, setting up traders for consistent profitability and effective risk management.
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