Crypto Fund Trader

Crypto Fund Trader Review

Entering the realm of cryptocurrency trading is now easier than ever with Crypto Fund Trader. Available to anyone over the age of 18 and from any location, Crypto Fund Trader offers a straightforward and accessible platform. In this detailed review, we explore the various funding options, fee structures, trading assets, and any potential limitations that aspiring traders should consider. Follow along as we highlight the essential features that make Crypto Fund Trader an attractive option for those eager to explore the ever-evolving world of crypto investments.

About Crypto Fund Trader

Crypto Fund Trader is a newer entrant in the proprietary trading industry, offering attractive trading conditions across key asset classes such as cryptocurrencies, Forex, indices, commodities, and stocks. Their main goal is to provide capital to traders, supporting them in advancing their trading careers. Successful completion of their two-phase evaluation challenge grants traders up to $200,000 in funding, with no liability for losses incurred.

Uniquely, Crypto Fund Trader stands out as the first proprietary trading firm to offer transparent proof of reserves. They provide verification that they possess the financial resources necessary to support their traders’ funds, with updates to their proof of reserves issued every Saturday. This level of transparency is commendable and sets a precedent that could potentially influence other firms in the industry to adopt similar practices.

Funding Program Options

To get started with Crypto Fund Trader, the first step involves selecting the appropriate examination from a list of options available on their platform. Once you’ve made your choice and completed your purchase, your credentials will be sent to you within 24 hours, setting you up to begin trading and advance to the next evaluation phase. Currently, Crypto Fund Trader offers a single type of funded trader program. This uniformity is beneficial as it simplifies the rules and requirements for participants. The program begins with an initial capital allocation of $10,000 and can increase up to $200,000 with an 80/20 profit split favoring the trader. Although there is no scaling option available at present, the possibility of introducing such a feature in the future exists, allowing traders to potentially increase their capital beyond the current maximum of $200,000.

Fees

Crypto Fund Trader offers a range of plans, with the evaluation fee varying depending on the amount of capital you aim to manage:

• $60 for $5,000 in capital.
• $115 for $10,000 in capital.
• $250 for $25,000 in capital.
• $380 for $50,000 in capital.
• $625 for $100,000 in capital.
• $1199 for $200,000 in capital.

For payment convenience, Crypto Fund Trader supports both credit card transactions and cryptocurrency payments. Specifically, they accept 29 different cryptocurrencies through Coinbase Commerce, providing a versatile range of payment options to accommodate various preferences.

Tradable Assets

Crypto Fund Trader offers a diverse range of over 380 different trading instruments across various asset classes. Here’s a breakdown of the available categories:

• Cryptocurrencies: 28 options including Bitcoin, Dogecoin, Bitcoin Cash, Polkadot, and others.
• Forex: 45 currency pairs, encompassing both major and minor pairs.
• Indices: 38 indices such as the US500, US100, GER30, EU50, among others.
• Commodities: 22 commodities available for trading, including Silver, Gold, Aluminum, Corn, etc.
• Stocks: An extensive selection of over 250 stocks, including AAPL (Apple), AMZN (Amazon), BABA (Alibaba), DIS (Disney), and more.

Unlike many trading platforms that use MetaTrader 4 or MetaTrader 5, Crypto Fund Trader features its proprietary trading platform known as CryptoFundTrader. This platform is accessible via web, PC, iOS, and Android, providing a versatile and user-friendly trading environment. If you’re interested in exploring the Crypto Fund Trader platform, you can access a demo account using the following credentials:

• Username: demo@cryptofundtrader.com
• Password: DemoCFT1

This demo account allows potential users to familiarize themselves with the platform’s features and functionalities across various devices, giving a comprehensive view of what trading with Crypto Fund Trader would entail.

Restrictions

Crypto Fund Trader imposes several key restrictions designed to encourage disciplined trading while still offering considerable flexibility:

• Minimum Trading Period: Traders are required to trade for at least 5 days, executing a minimum of one trade per day. This ensures consistent activity and engagement with the markets.
• Daily Loss Limit: The maximum loss allowed in a single day is capped at 5% of the account balance as recorded at 1 AM CET. This helps manage daily risk and prevents significant drawdowns.
• Overall Loss Limit: The total loss limit is set at 10% of the initial account balance. This overarching limit safeguards the account from excessive drawdowns over time.

Crypto Fund Trader’s rules are relatively lenient compared to some other trading platforms, offering traders substantial freedom in their approach:

• Trading the News: Traders are permitted to engage in news trading, taking advantage of market volatility during major economic announcements.
• Overnight and Weekend Positions: There are no restrictions on keeping trades open overnight or over the weekend, allowing for flexibility in trading strategies that span multiple days.
• Strategy Freedom: Traders are free to employ any trading strategy of their choice, as long as it adheres to the risk management rules set by the platform. This openness fosters creativity and personalization in trading approaches.

However, despite the leniency in trading strategies, Crypto Fund Trader emphasizes responsible trading. They discourage any form of gambling behavior or risking too much capital on a single trade, aligning with their focus on controlled risk management. This balance between freedom and discipline ensures that traders can explore various strategies while maintaining a prudent approach to risk.

Crypto Fund Trader Challenge Overview

Crypto Fund Trader offers a structured two-phase challenge, similar to many other proprietary trading firms, but with the added flexibility of no time constraints. This allows traders to approach the challenge without the pressure of a deadline, focusing on developing effective trading strategies.

Phase 1

• Profit Target: 8%
• Maximum Daily Loss: 5%
• Maximum Overall Loss: 10%
• Trading Fees: None
• Spread: From 0 pips
• Time Restrictions: None

Upon successful completion of Phase 1, traders receive an email notification, and their Phase 2 account is set up within 24 hours.

Phase 2

• Profit Target: 4%
• Maximum Daily Loss: 5%
• Maximum Overall Loss: 10%
• Trading Fees: None
• Spread: From 0 pips
• Time Restrictions: None

After completing Phase 2, traders receive a confirmation email, and a fully funded account is provided within 24-48 hours.

Funded Trader

• Profit Split: 80%
• Profit Target: None
• Maximum Daily Loss: 5%
• Maximum Overall Loss: 10%
• Trading Fees: None
• Spread: From 0 pips
• Time Restrictions: None

As a funded trader, you enjoy an 80/20 profit split. Withdrawals are permitted anytime after trading for at least 5 days, provided no rules are violated, and risk parameters are maintained. Traders can withdraw their earnings through the Deel platform, which supports various methods like bank accounts, credit cards, PayPal, Payoneer, Revolut, Wise, Coinbase, etc. Cryptocurrencies such as BTC, ETH, USDT, and USDC are also available for withdrawals.

Additional Considerations for Suspended Accounts

In the event that your funded account is suspended while in profit, you may be eligible to receive 50% of your earnings if the following conditions were met during your trading:

• Stop-Loss Requirement: All trades on the live account must include a stop loss.
• Maximum Trade Loss Limit: No single trade can incur a loss greater than 2% of your account size.

To claim this, you must request the transfer of 50% of your profits from your suspended account within seven days of the violation. This policy is designed to encourage prudent trading and risk management among traders.

Conclusion

Crypto Fund Trader is rapidly establishing itself as a legitimate proprietary trading firm, offering some of the most favorable market conditions in the industry. Despite being a newcomer, their offerings are particularly compelling due to several standout features. They provide 100:1 leverage on all assets, a 0 pip spread, no fees, no trading restrictions, and no time limits on their trading challenges. These features position them as an exceptionally attractive option in the prop trading space. For crypto traders, Crypto Fund Trader may be an ideal choice. The prop trading industry generally offers limited access to substantial leverage for cryptocurrency trading. Therefore, the availability of 1:100 leverage for trading cryptocurrencies is a significant advantage, potentially amplifying the trading capabilities of crypto enthusiasts. Moreover, all traders, not just those focused on cryptocurrencies, can benefit from Crypto Fund Trader’s lenient rules and broad selection of tradable assets. These factors combine to create a trading environment that is both flexible and trader-friendly, accommodating a wide range of strategies and trading styles.

Crypto Fund Trader Review Details

Overview

Crypto Fund Trader emerges as a notable player in the proprietary trading firm landscape, bringing with it some exceptional advantages that cater especially to cryptocurrency traders as well as those interested in a range of other asset classes. Founded as a new entrant in the prop trading industry, it quickly distinguishes itself with some of the most trader-friendly terms available. Key

Features

• Leverage and Fees: Offers a high leverage ratio of 100:1 across all trading assets, which is particularly beneficial in the crypto market where such leverage is rare among prop firms. Additionally, traders benefit from 0 pip spreads and no associated trading fees, enhancing the potential for profitability.
• Trading Restrictions: One of the firm’s standout features is the absence of trading restrictions. Traders can engage with the market without time limits on trades or challenges, and there are no restrictions on trading styles or strategies.
• Asset Diversity: Traders have access to an extensive selection of assets including 28 cryptocurrencies, major and minor forex pairs, a variety of indices, numerous commodities, and over 250 stock options.

Trading Platform

Unlike many prop firms that utilize standard platforms like MetaTrader 4 or 5, Crypto Fund Trader offers its proprietary trading platform, CryptoFundTrader. This platform is available across multiple devices including web, PC, iOS, and Android, ensuring traders can execute trades and monitor markets conveniently. Challenge Structure:

• Phase 1: Aims for an 8% profit target with a 5% maximum daily loss and a 10% maximum overall loss.
• Phase 2: Requires a 4% profit target while maintaining the same loss limits as Phase 1.
• Funded Trader: Once traders pass these phases, they transition to a funded account with an 80/20 profit split, no profit target, and continued observance of the loss limits.

Withdrawals

Withdrawals are facilitated through the Deel platform, accommodating a broad spectrum of withdrawal methods including bank accounts, credit cards, and various digital wallets. Additionally, withdrawals can be made in cryptocurrencies like Bitcoin, Ethereum, USDT, and USDC.

Unique Aspects

Crypto Fund Trader is particularly distinguished by its proof of reserves, updated weekly, showcasing transparency and financial stability. This practice not only builds trust but also assures traders of the firm’s capability to back up its financial commitments.

Conclusion

Crypto Fund Trader is an excellent option for traders who seek flexibility in trading conditions and the opportunity to work with high leverage, especially in the cryptocurrency market. Its competitive terms, broad asset availability, and commitment to transparency and trader support make it a standout choice in the world of proprietary trading.