The crypto prop trading space has grown rapidly, and new firms are entering the market with bold promises. Fundedbit is one of them. Registered in Dubai under the Meydan Free Zone, this firm offers funded crypto trading accounts through a challenge-based evaluation model. But does it actually deliver? We took a close look at everything Fundedbit offers, from its challenge structure and trading rules to its payout process and platform support, to give you an honest, unbiased verdict.
If you are exploring the prop firm landscape for the first time, our 10 best prop firms ranking for 2025 provides a solid starting point for comparison. And if you are specifically looking for crypto-focused options, check out our guide to the best prop firms for crypto traders.
What Is Fundedbit?
Fundedbit (officially Fundedbit L.L.C-FZ) is a crypto-focused proprietary trading firm headquartered in Dubai, UAE, registered within the Meydan Free Zone. Traders pay a challenge fee, pass an evaluation, and receive a funded account. The profit split varies by challenge type: FastTrack traders keep 100% of their profits, while 1-Step and 2-Step traders receive an 80/20 split in the trader’s favour.
Fundedbit is built entirely around cryptocurrency trading. What sets it apart is that it is one of the first prop firms to operate exclusively on Bybit, one of the largest and most liquid crypto exchanges in the world. This is a significant move for the crypto prop trading space, as Bybit is the go-to platform for serious crypto traders. Available instruments include BTC, ETH, and other major cryptocurrency pairs, with 24/7 trading including weekends.
The firm follows a “Pay After You Pass” model on its FastTrack challenge. You pay just $5 to enter, and the activation fee is only charged once you have proven yourself by passing the evaluation. There is no instant funding and no demo accounts. Every trader must pass at least one evaluation phase before gaining access to a funded account. To understand how this compares to other firms, our prop firm reviews hub covers how top firms handle their evaluation processes.
Fundedbit Challenge Types: FastTrack, 1-Step, and 2-Step
Fundedbit offers three distinct evaluation paths. Each one targets a different type of trader, from those who want a low-cost entry point to those who prefer a more traditional two-phase evaluation. All challenge details and pricing are available on the Fundedbit website. Here is how they compare:
| Feature | FastTrack | 1-Step | 2-Step |
| Entry Fee | $5 | See pricing | See pricing |
| Phases | Eval + Funded | Eval + Funded | P1 + P2 + Funded |
| Profit Target | 5% | 10% | 10% P1 / 5% P2 |
| Daily Loss (Challenge) | 3% | 4% | 5% |
| Daily Loss (Funded) | 3% | 4% | 5% |
| Max Risk per Pair | 2% | 2% | 2% |
| Overall Drawdown | 6% trailing | 6% trailing | 10% absolute |
| Min Trading Days | None (challenge) / 4 (funded) | 4 days (challenge) | 4 days per phase |
| Trading Period | Unlimited | Unlimited | Unlimited |
| Leverage | 1:30 | 1:30 | 1:30 |
| Platform | Bybit | Bybit | Bybit |
| EAs Allowed | No | No | No |
| Profit Split | 100% / 0% | 80% / 20% | 80% / 20% |
| Consistency Rule (Funded) | 20% max per day | 40% max per day | None |
| First Payout | 14 days | 21 days | 21 days |
| Payout Frequency | Bi-weekly | On request | On request |
FastTrack Challenge
The FastTrack is Fundedbit’s most accessible option and the centrepiece of its offering. At just $5 to enter, it has what may be the lowest barrier to entry in the entire prop trading industry. The evaluation requires a 5% profit target with a 3% daily loss limit and a 6% trailing drawdown applied throughout.
What makes FastTrack stand out is the “Pay After You Pass” model. The $5 gets you into the challenge, but you only pay the activation fee once you have actually passed. This means you are not risking hundreds of dollars upfront on a challenge you might not clear. The activation fee itself depends on account size, ranging from $79 for a $10K account to $549 for a $100K account.
The other headline feature is the profit split: FastTrack traders keep 100% of their profits, with Fundedbit taking nothing. This is one of the most generous splits available in the prop trading space, period.
Once funded, the rules remain: a 3% daily loss limit, a minimum of 4 trading days is required before payout, and the consistency rule caps any single day’s profit at 20% of total profits at payout time. The first payout becomes available 14 days after the first funded trade, with bi-weekly payouts thereafter.
If budget is a concern, our round-up of cheap prop trading firms for budget-conscious traders can help you compare entry costs across the market.
1-Step Challenge
The 1-Step challenge follows a single-phase evaluation with a 10% profit target. It has a 4% daily loss limit (both during the challenge and when funded) and a 6% trailing drawdown, with a minimum of 4 trading days required to pass. Funded traders get an 80/20 profit split, a 40% consistency rule, and payouts on request after 21 days.
This challenge type suits traders who want a balance between proving themselves in one phase without the ultra-tight drawdown of the FastTrack funded account.
2-Step Challenge
The 2-Step challenge is the most traditional option. Phase 1 requires a 10% profit target, Phase 2 requires 5%, and you get a 10% absolute drawdown (not trailing) throughout. The daily loss limit is 5% during both the challenge and funded phases, making this the most forgiving of the three in terms of daily risk allowance. Minimum trading days are 4 per phase during the challenge. Funded traders receive an 80/20 profit split with payouts on request after 21 days.
The absolute drawdown model means the floor never moves, regardless of how high your equity goes. This can be a significant advantage for swing traders or anyone who holds positions through extended moves.
Trading Rules and Risk Management
Fundedbit uses real-time equity tracking for all drawdown and daily loss calculations. This means if your floating equity breaches the allowed threshold at any point, even mid-trade, the breach is triggered instantly. There is no end-of-day calculation or grace period. This is an important distinction from firms that only check balances at market close.
Max Risk Per Pair
Traders are limited to a maximum of 2% risk per pair, calculated cumulatively across all open positions on that pair. This is based on 2% of the account balance. For example, on a $10,000 account, the maximum allowed exposure on any single pair is $200. If you open three separate trades on the same pair, each risking 1%, the total reaches 3%, which would breach the rule. There is no fixed lot size restriction, but the 2% per-pair rule must be respected at all times.
There is no stop loss requirement. Fundedbit does not force traders to place a stop loss on every trade, though it is always encouraged as good practice. There is also no floating PnL rule.
Drawdown Types
- Trailing Drawdown (FastTrack and 1-Step): The drawdown threshold is calculated from the highest equity ever reached on the account. As your equity grows, the floor moves up and never moves back down. Both FastTrack and 1-Step use a 6% trailing drawdown.
- Absolute Drawdown (2-Step): A static 10% limit calculated from the initial account balance. The floor never adjusts regardless of account growth.
Understanding drawdown mechanics is critical for effective risk management in prop trading. If you are new to the concept, our article on risk management in prop trading breaks down the fundamentals.
Daily Loss Limits and Reset
Daily loss limits vary by challenge type and phase. During the FastTrack challenge and funded phase, there is a 3% daily loss limit. The 1-Step has a 4% daily limit in both the challenge and funded phases, and the 2-Step has a 5% daily limit throughout. All daily limits reset every day at 12:15 AM UTC.
Consistency Rule
The consistency rule applies to funded accounts only, not during the challenge or evaluation phase. For FastTrack, no single trading day can account for more than 20% of total profits at payout time. For 1-Step, the cap is 40%. For the 2-Step there is no consistency rule.
This rule is only evaluated when you submit a payout request, not during active trading. It encourages steady performance rather than relying on one outsized trade.
Prohibited Strategies
Fundedbit prohibits high-frequency trading (HFT), latency arbitrage, data feed exploitation, hedging between accounts, martingale strategies, market manipulation, account sharing, multi-account abuse, and any form of system or platform exploitation. These restrictions are enforced automatically by the platform.
What Is Allowed
Swing trading, news trading, weekend trading, and overnight holding are all fully permitted. Copy trading is allowed on a single account only (not across multiple Fundedbit accounts). Multiple devices can be used. However, Expert Advisors (EAs) are not supported on Bybit.
For traders interested in news-based strategies specifically, our guide on news trading with prop firms covers which firms are most accommodating.
Trading Platform: Bybit
Fundedbit is one of the first prop firms to operate exclusively on Bybit, and this is a deliberate strategic choice. For crypto traders, Bybit is the natural home. It is one of the largest centralized crypto exchanges in the world, with deep liquidity, low fees, and advanced order types that serious traders rely on.
By building its entire infrastructure on Bybit, Fundedbit offers a seamless experience for traders who already operate in the crypto ecosystem. There is no need to learn a new platform or adapt to an unfamiliar interface. Available instruments include BTC, ETH, and other major cryptocurrency pairs, with 24/7 trading including weekends.
One important note: the platform is locked at the time of purchase and cannot be changed after your challenge has been activated. If you decide you want a different setup, you would need to purchase a new challenge. Make your choice carefully based on your trading workflow.
Payout Process and Policy
Fundedbit operates a Zero Denial Payout Policy, also referred to as “Guaranteed Payouts”. Every approved payout is honoured within 24 hours. In practice, this means payouts are always processed unless there has been a verified rule breach (account closed immediately) or confirmed fraud (payout processed, then account terminated).
Payout Flow
The payout process follows a clear sequence:
- The trader closes all open trades.
- The trader submits a payout request through the dashboard.
- The account enters a review queue and trading is paused.
- The team reviews the consistency rule and confirms eligibility.
- Payout is processed within 24 hours of approval.
- The trader receives a brand new funded account with the remaining balance.
For example, if a trader has a $100K account, earns $3,000 in profit, and requests a $2,000 payout, they receive the $2,000 and are issued a new funded account at $101,000. This rollover model is competitive and ensures traders are not penalized for withdrawing profits.
Payout Timing and Minimums
- FastTrack: First payout after 14 days from the first funded trade. Bi-weekly thereafter. Minimum payout is $100. Profit split: 100% to the trader.
- 1-Step and 2-Step: First payout after 21 days from the first funded trade. On request thereafter. Profit split: 80/20 in the trader’s favour.
- No maximum payout cap. Traders can withdraw their full profit, partially or in full.
- Split payouts across two payment methods are not supported. Each payout must go to a single destination.
Payout structures vary widely across the industry. For context, our article on the highest paying prop trading firms shows how different firms handle profit splits and withdrawal terms.
Account Sizes and Pricing
All three challenges are available in account sizes ranging from $5,000 to $100,000. The maximum total funding cap across all accounts is $300,000, meaning traders can hold multiple funded accounts as long as the combined balance stays within this limit.
FastTrack Activation Fees
FastTrack uses a “Pay After You Pass” model. The challenge itself costs $5, and the activation fee is only charged once you have successfully passed the evaluation:
| Account Size | Activation Fee |
| $5,000 | TBA |
| $10,000 | $79 |
| $25,000 | $189 |
| $50,000 | $349 |
| $100,000 | $549 |
This two-tier pricing model is relatively unusual in the prop trading industry. The low $5 entry barrier combined with the “pay only if you pass” approach means you are never risking hundreds of dollars on a challenge you might not clear. The 100% profit split on FastTrack funded accounts further offsets the activation cost over time. For the latest pricing and available account sizes, visit the Fundedbit pricing page directly. Discount codes are also regularly shared on their Discord server.
Payment Methods
Fundedbit supports the following payment options:
For Challenge Purchases
- Cryptocurrency
- Credit card
- Apple Pay
For Payouts and Withdrawals
- Crypto (USDT, USDC, BTC, and more)
- Bank wire transfer (available directly in the Withdrawal section of the dashboard)
The availability of both crypto and fiat withdrawal options is a strong point. Many crypto prop firms limit payouts to crypto only, so the bank wire option adds flexibility for traders who prefer traditional banking. Note that split payouts across two payment methods are not supported; each payout must go to a single destination.
Key Policies
KYC and Identity Verification
KYC is mandatory for all traders before accessing a funded account. The process uses Sumsub and requires a valid government-issued ID plus a selfie. Verification is completed via the Sumsub flow during registration.
Inactivity and Account Termination
Accounts with no trading activity for 90 consecutive days are permanently terminated. Chargebacks result in immediate termination, a permanent ban, and shared information with payment processors. Challenge fees are non-refundable.
Country Restrictions
Traders from the USA, Iran, North Korea, and all OFAC-sanctioned countries are prohibited. There are no IP restrictions. Eligibility is based on country of residence, not your physical location or VPN usage.
Age Requirement
Traders must be at least 18 years old.
Multiple Accounts and Platform Switching
There is no limit on the number of accounts a trader can hold, as long as the total funded balance does not exceed $300,000. Account merging is not currently available. Platform switching is also not permitted; if you want a different setup, you must purchase a new challenge.
Certificates and Competitions
Fundedbit issues a digital certificate when a trader passes any challenge. The firm also hosts regular competitions, announced through Discord and social media channels.
Support
All customer support is handled through live chat on the Fundedbit website. The firm also has an active community on Discord where traders can connect, ask questions, find discount codes, and stay updated on competitions and announcements.
Affiliate Program
Fundedbit runs an active affiliate program. Affiliates get access to a dedicated dashboard for tracking earnings and requesting withdrawals. The minimum withdrawal threshold is $50, with payouts available via bank transfer or crypto.
Commission structures are discussed directly with the affiliate team and are based on the applicant’s profile, including their community, platform, audience size, and partnership type. To apply, traders can share their details through live chat on fundedbit.com.
Pros and Cons
What We Like
- Ultra-low entry point with the $5 FastTrack challenge
- “Pay After You Pass” model means you only pay the activation fee once you have proven yourself
- 100% profit split on FastTrack funded accounts, one of the best in the industry
- 80/20 profit split on 1-Step and 2-Step challenges
- Zero Denial Payout Policy (“Guaranteed Payouts”) with 24-hour processing
- New funded account after every payout with remaining balance carried over
- One of the first prop firms to operate exclusively on Bybit, the go-to exchange for crypto traders
- Pure crypto 24/7 trading including weekends, no market close restrictions
- No consistency rule on 2-Step challenges.
- No stop loss requirement, giving traders full flexibility in execution
- 2-Step challenge uses absolute drawdown, more forgiving for swing traders
- Unlimited trading period with no time pressure to pass
- Both crypto and bank wire payout options
- Dubai registration under Meydan Free Zone with a publicly verifiable license number
- Digital certificates issued on passing challenges
- Regular competitions and discount codes available through Discord
What Could Be Better
- Expert Advisors (EAs) are not allowed
- FastTrack activation fee adds cost on top of the $5 entry
- No instant funding option; all accounts require evaluation
- US traders are restricted
- Relatively new firm with limited track record compared to established players
- No demo accounts available for testing the environment before committing
- Platform choice is locked at purchase; switching requires a new challenge purchase
- Split payouts across two payment methods not supported
Final Verdict: Is Fundedbit Worth It?
Fundedbit is a focused, crypto-only prop firm that does several things well. The challenge structure is clear, the rules are transparent, and the FastTrack offering is genuinely compelling: a $5 entry, a “Pay After You Pass” activation model, and a 100% profit split. That combination is hard to find anywhere else in the industry right now.
The Zero Denial Payout Policy, 24-hour payout processing, and account rollover model are all trader-friendly features that demonstrate the firm takes payouts seriously. The addition of bank wire withdrawals alongside crypto is another practical advantage.
The main thing to consider is that Fundedbit is built exclusively for crypto traders on Bybit. If you are already comfortable trading crypto on Bybit, the transition is seamless. If you rely on Expert Advisors or prefer a different platform, you would need to look elsewhere. But for the target audience, this is a strong and well-structured option.
Given that the firm is relatively new, we recommend starting with a smaller account size to test the process before scaling up. Keep an eye on trader feedback, payout consistency, and how the firm handles edge cases over time. You can follow their Discord community to stay close to real trader experiences and pick up discount codes.
For more help choosing the right firm for your trading style, explore our complete prop firm reviews. And to learn how to spot warning signs before committing, our prop firm red flags guide is essential reading.
Frequently Asked Questions
Is Fundedbit a legit prop firm?
Fundedbit is registered as Fundedbit L.L.C-FZ in the Meydan Free Zone, Dubai, UAE. The firm has a clear legal structure, a published dispute resolution process through Dubai Courts, and transparent trading rules. While it is a newer entrant in the market, its setup follows legitimate business practices. We recommend starting small and tracking payout consistency before committing to larger accounts.
What platform does Fundedbit use?
Fundedbit uses Bybit exclusively for all three challenge types. Fundedbit is one of the first prop firms to build entirely on Bybit, making it a natural fit for crypto traders. The platform is locked at the time of purchase; if you want to switch, you must purchase a new challenge.
What is the profit split?
FastTrack funded accounts offer a 100% profit split, meaning traders keep all of their profits. 1-Step and 2-Step funded accounts offer an 80/20 split in the trader’s favour.
What does “Pay After You Pass” mean?
The FastTrack challenge costs just $5 to enter. The activation fee (ranging from $79 to $549 depending on account size) is only charged after you have successfully passed the evaluation. You do not pay the full amount upfront.
Does Fundedbit allow swing trading?
Yes. Swing trading, overnight holding, weekend trading, and news trading are all fully permitted. The crypto market runs 24/7, and Fundedbit’s platform access reflects that.
Is a stop loss required?
No. Fundedbit does not require traders to place a stop loss on every trade. However, using stop losses is always encouraged as good risk management practice.
Can US traders use Fundedbit?
No. Traders from the USA, Iran, North Korea, and all OFAC-sanctioned countries are restricted from using Fundedbit.
Does Fundedbit support Expert Advisors (EAs)?
No. EAs are not supported on Bybit. If automated trading is important to you, consider firms that support algo trading and bots.
What is the max risk per pair rule?
Traders cannot risk more than 2% of their account balance on any single trading pair. This is cumulative across all open trades on that pair. For example, on a $10,000 account, the maximum allowed exposure on any single pair is $200.
What instruments can I trade?
Fundedbit is crypto only. Available instruments include BTC, ETH, and other major cryptocurrency pairs on Bybit.
What is Fundedbit’s payout policy?
Fundedbit uses a Zero Denial Payout Policy (“Guaranteed Payouts”). Payouts are processed within 24 hours of approval, unless there is a rule breach or confirmed fraud. Withdrawals are available in crypto (USDT, USDC, BTC) or via bank wire transfer. Split payouts across two payment methods are not supported.
When do daily loss limits reset?
Daily loss limits reset every day at 12:15 AM UTC. Note that the FastTrack challenge phase has no daily loss limit at all.
What happens if my account is inactive?
If there is no trading activity on your account for 90 consecutive days, the account is permanently terminated.
Is there a maximum funding cap?
Yes. The maximum total funding across all accounts is $300,000. There is no limit on the number of individual accounts you can hold, as long as the combined balance stays within this cap.
Does Fundedbit offer discount codes?
Yes. Discount codes are regularly available on their Discord server. It is worth checking before purchasing a challenge.
How do I contact Fundedbit support?
All support is handled through live chat on fundedbit.com. You can also join their Discord community for updates and peer discussions.
Disclaimer: This review is based on publicly available information from Fundedbit’s official website and documentation as of 2026. Trading with prop firms carries risk, and past performance is not indicative of future results. Always conduct your own due diligence before investing in any challenge or funded account program.
