FundedBit, operated by Fundedbit L.L.C-FZ and registered in Dubai, UAE, is a crypto-native proprietary trading firm offering simulated prop trading built specifically for 24/7 crypto markets through direct Bybit integration.
The firm provides three evaluation models: the 1-Phase Challenge, the 2-Phase Challenge, and the Fast Track program. Account sizes are offered from $5,000 up to $100,000, with the firm highlighting scaling opportunities up to $300,000 as performance grows. The 1-Phase Challenge is presented as a single-step path with a 10% profit target, a 6% Max Loss applied as a trailing drawdown, a daily loss limit (listed as 4% in the plan tables, though described as 5% elsewhere on the site), a minimum of 4 trading days, a 40% Best Day consistency rule, an unlimited trading period, and an 80% profit split.

The 2-Phase Challenge consists of Phase 1 and Phase 2, with a 10% profit target for Phase 1 and a 5% profit target for Phase 2, a 10% Max Loss applied as a static drawdown, a 5% daily loss limit, a minimum of 4 trading days, an unlimited trading period, and an 80% profit split.

The Fast Track program (priced at $5 plus an activation fee scaling with account size) features a 5% profit target, a 6% trailing Max Loss, a 3% daily loss limit, a minimum of 4 trading days, a 20% Best Day rule, an unlimited trading period, and a 100% profit split. Across all programs the firm states there is no time limit to reach the profit target, with traders starting on simulated profits of 80% and up to 100%. FundedBit emphasizes guaranteed payouts processed within 24 hours, transparent drawdown rules, performance coaching sessions, and progression to a Premium Programme for consistent traders. This overview summarizes FundedBit as a crypto-focused proprietary trading firm offering multiple evaluation paths, direct Bybit-powered execution, and funded simulated accounts.