It is my pleasure to have you read my Crypto Fund Trader Review.
In this review, I’ll unveil the essential information about this prop firm before making any decisions.
This includes explaining what it is, how it works, and the price you must pay to join the platform.
Above all, I’ll provide you with my honest view on the platform focusing on whether it is worth your time and money or another scam you should avoid.
Furthermore, I’ll provide you with firsthand insights into what traders are sharing online regarding this platform.
Taking that in mind, let us begin…
Crypto Fund Trader Review Summary
Name: Crypto Fund Trader
Product Type: Proprietary Firm
Evaluation Fee: Starting from $50, depending on your account size.
Official Site: cryptofundtrader.com
Physical Address: Calle Pau, 7, Bajo-A, 31016 Pamplona, Navarra, Spain
Social Presence:
- Twitter: twitter.com/cftradercom
- Instagram: instagram.com/cryptofundtrader/
- Telegram: t.me/cryptofundtradercom
- YouTube: youtube.com/@cryptofundtrader
- Discord: discord.com/invite/PFgzUEdrGA
Product Founder: Not disclosed
Overall Rating: 7/10
My Recommendation: Yes, but not for everyone.
Crypto Fund Trader Review – Overview
Making money online has never been easy despite many people building a passive income.
The complications mostly come from the number of platforms claiming to offer opportunities to make money online.
Also read: My Flash Funding Review
Most of these platforms draw money from people offering nothing in return, reducing trust among online traders.
For instance, in the forex market, many companies claim to offer funding programs to forex traders.
Through their funding program, traders can trade with the company capital and earn profits in shares.
Crypto Fund Traders is one of the companies that offers traders funding on their platform and makes you build a trading career online.
However, you must first understand how their funding program works for you to stand a chance to succeed in their platform.
For instance, you must first learn and understand their trading rules, the requirements, and the prices of their funding programs.
For instance, the prop firm offers single-phase and two-phase challenges in the platform which you need to complete to start trading.
You’ll then pass your challenge before moving to the funded account.
Like most prop firms in the market, the evaluation phase uses a demo account where you trade with virtual money.
This makes you worry less about losing your capital in your trading process.
After moving to a funded account, you’ll start trading with the company funds and earn desired profit targets.
You’ll start trading with the company capital in the live funded account and make desired profit targets.
Pros Of Crypto Fund Trader
- There is no limit to the number of trading days.
- Offers higher trading leverage.
- Offers funding to a maximum capital of $200,000.
- Provides realistic profit targets in the platform.
- Highly affordable with the lowest registration fee in the market.
- Has no trading restrictions.
Cons Of Crypto Fund Trader
- They don’t offer any retry on their trades.
- No scaling plan was mentioned.
- Still new in the forex market.
- Don’t disclose information about the ownership.
Who Should Join Crypto Fund Trader?
The prop firm accepts traders worldwide to join their platform and start trading, provided you are over 18 years old.
The prop firm, however, targets trade with profitable traders who can consistently trade with their capital to achieve financial freedom.
For this reason, you must be able to trade in the forex market and build a trading career online.
In addition, you must be able to respect the other trading rules set in the platform for you to continue trading with their capital.
This allows you to build passive income using the online Crypto Fund Trader funding programs.
Who Is The CEO/Founder Of Crypto Fund Trader
For now, there is no information about this prop firm’s CEO or founder.
But If I get any information soon, I’ll bring it to your attention.
What Is Crypto Fund Trader?
Crypto Fund Trader is a proprietary firm that allows traders to trade different instruments such as forex, crypto, indices, commodities, etc.
All the Crypto Fund Trader platform trades are associated with demo money and allow you to make profits out of your trade.
In your trading career, you should focus on assessing the abilities of your traders in the forex market.
By doing this, the prop firm provides you, as a capable trader, with the capital needed to trade and achieve your financial freedom.
In their evaluation process, the prop firm takes you through a challenge of two phases.
You must pass the challenge before you can get the opportunity to start trading with the company money.
To pass the two phases, you must reach the set profit targets while respecting the other trading rules set in the platform.
When you get to a live account, you’ll be funded with up to a capital of $200,000 for trading, allowing you to earn a profit share of up to 80%.
This allows you to build a passive income from your trade while growing your account balance to earn more in the forex market.
What Are The Steps Of Joining Crypto Fund Trader?
To join the Crypto Fund Trader prop firm, you must follow the steps below:
Step One: Choose Your Desired Test In The Program
You need to choose your desired test on the platform that allows you to own a trading account.
There are different account sizes available in the platform which include the following:
- $5000 account size.
- $10000 account size.
- $25000 account size.
- $50000 account size.
- $100000 account size.
- $200000 account size.
Step Two: Make Your Purchase
Every account size in the platform has a unique price which acts as your registration fee.
Kindly read the pricing section of this review to understand the amount you need to pay for your preferred account size.
After making your payment, you’ll have to wait for the processing to let you receive your account credentials.
Step Three: Getting Started
After receiving your account credentials, you’ll get the opportunity to get started with your trading.
Your trading journey begins with the evaluation process you’ll have to complete to move to the funded account.
How Does Crypto Fund Trader Work?
The Crypto Fund Trader allows you to trade in the forex market using their capital.
The prop firm’s funding program allows you to build a passive income while trading with their capital in the forex market.
However, the prop firms first take you through a test to check your ability to trade before allowing you to trade with their capital.
Evaluation Process
Every trader who joins the Crypto Fund Trader begins their trading journey in the evaluation stage.
In this stage, there are two phases that you must pass for you to move to the next stage.
The evaluation stage tests your ability to trade and make profits when given the opportunity with the company funds.
However, the company allows you to trade on a demo account in this stage where you will be trading with virtual money.
This makes you worry less about losing money in your trading process and only focus on achieving the required targets.
There are two types of evaluation available in the platform which include the following:
One Phase Evaluation
This single-step evaluation stage only takes you through one step to get to a funded account.
In this phase, you must reach a profit target of 10% while respecting other trading rules to pass this stage.
Two Phase Evaluation
This most popular evaluation takes you through two phases before moving to a funded account.
The two phases of the evaluation include the following:
Phase One: Starting Your Evaluation
This is the first phase of the platform which introduces you to your trading journey.
In this phase, you’ll have to pass a profit target of 8% while respecting other trading rules set in the platform to move to the next phase.
Phase Two: Verification Stage
This is the second and final stage of the evaluation phase that confirms if you truly passed your first phase of the challenge.
In this stage, you’ll be required to pass a profit target of 4% while respecting the other trading rules set in the platform.
After passing the verification stage, you’ll move to the live funded account, trading with the company capital.
Funded Trader
This is the live funded account in the platform which allows you to trade with the company funds in the platform.
In this stage, you’ll trade with a live funded account with the company funds and make your desired profit targets.
The company allows you to trade within their rules with the company capital in the live-funded account.
In addition, the company allows you to earn a profit target of up to 80% of the total profits you make from trading on the platform.
To successfully trade with the live-funded account, you must also respect the other trading rules set in the platform.
Also Read: Billions Club Review
Crypto Fund Trader Trading Rules
There are various trading rules set in the platform that you must follow to succeed in your trading journey.
Profit target
The profit targets are the maximum percentage of profits you must reach to pass a single evaluation stage in your trading journey.
In the one-phase evaluation program, you must reach a profit target of 10% to move to the live-funded account.
In the two-phase evaluation, you must reach a profit target of 8% in the first phase and 4% in the second phase to move to a live funded account.
Maximum daily loss
In the single-phase evaluation, you must respect a daily loss of 4% in your entire trading journey on the platform.
In the two-phase evaluation process, the prop firm requests you to respect a maximum daily loss of 5% in all the stages of the trading process.
Maximum overall loss
The maximum overall loss in the platform varies depending on the type of evaluation you choose.
In the single-phase evaluation, the maximum overall loss is set at 6% calculated based on the initial account balance.
In the two-phase evaluation, the maximum overall loss is set at 10% for all the stages in the platform.
Trading leverage 1:100
The trading leverage set in the platform is 1:100 for all stages of trading.
Minimum Trading Days
The minimum trading days are set at five days for all stages of trade in the platform.
Maximum Trading Days
The platform’s maximum trading period is indefinite for all trading stages.
This means there is no maximum number of trading days set in the platform for you to move to the next stage.
The Trading Instruments Available On Crypto Fund Trader
Crypto Fund Trader allows you to trade a variety of instruments which include the following:
- Cryptocurrencies
- Forex Pairs
- Commodities
- Indices
- Stock
Also, the prop firm uses a metatrader5 the most popular platform to execute traders.
For these reasons, you must first check if your trading device accepts the metatrader5 platform before using it to trade.
What Are The Benefits Of Joining Crypto Fund Trader?
- The prop firm has no trading restrictions.
The prop firm welcomes all traders to explore their trading potential on the platform.
This allows you to trade different styles without fear of any trader restriction on the platform.
- Trade with high-leverage
The prop firm allows you to trade with a leverage of up to 1:100 which is the best leverage in the market.
This allows you to use appropriate lot sizes with small top losses in the platform in your trading journey.
- No day limit in your trading
No maximum trading days are set in the platform, allowing you to trade at your own number of days.
- Get funded with up to $200,000
The Crypto Fund Trading platform allows you to trade with a maximum capital of up to $200,000.
This allows you to maximize your trade and earn more from your trading journey on the platform.
- Lowest trading fee in the market
The prop firm charges the lowest trading fee compared to most competitors in the forex market.
This makes it a better option for many low-income traders to get the opportunity to explore their trading potential online.
It also makes it cheaper for most traders to get started with their trading journey on their platform.
- Spreads from zero pips
The prop firm allows you to trade all the available instruments from zero pips spreads in the platform.
This includes trading forex, indices, spreads cryptocurrencies and much more at 0 pips spreads in the platform.
This is made possible through partnership with their liquidity providers who aim at making trading as easy as possible.
What Is The Cost Of Joining Crypto Fund Trader?
The cost of joining Crypto Fund Trader varies depending on the account size you choose on the platform.
The prices also vary depending on the type of evaluation program you want to trade within the platform.
For instance, when you choose to trade with the Single-phase evaluation program, here are the account sizes and their corresponding prices:
- $5,000 account size costs $55.
- $10,000 account size costs $105.
- $25,000 account size costs $230.
- $50,000 account size costs $345.
- $100,000 account size costs $570.
- $200,000 account size costs $1,097.
If you choose a two-phase funding program, here are the account sizes and their corresponding fee:
- $5,000 account size costs $50.
- $10,000 account size costs $95.
- $25,000 account size costs $210.
- $50,000 account size costs $315.
- $100,000 account size costs $520.
- $200,000 account size costs $998.
Everything About Payout On Crypto Fund Trader
In their default payout system, the prop firm pays out earned profit in the ratio 80:20, which corresponds to 80% and 20%.
This means you’ll be awarded 80% of the profits you earn from your trading journey.
The platform will take the remaining 20% of the profits every time you withdraw your own share of the profits.
You can request the payout of your profits via bank transfer or cryptocurrency on the platform.
The withdrawal is made every fourteen days of your trade in the platform and processed within three working days.
The platform however ensures you receive your money every time you withdraw from the platform.
Does Crypto Fund Trader Offer A Refund Policy?
The prop firm offers you the opportunity to reclaim your registration fee through their refund policy, subject to the following conditions:
Initially, you must complete the evaluation and commence trading with a funded account.
Once you meet this criterion, the platform permits you to retrieve your registration fee upon achieving your first payout, typically accomplished within fourteen days.
It’s essential to be profitable in your trading activities to be eligible for profit withdrawals and the return of your registration fee.
These funds are typically disbursed simultaneously within the platform.
Failing to attain the funded account status means you won’t qualify for the refund policy or be able to withdraw your profits.
You can exclusively withdraw your profits while actively trading on a live-funded account, maintaining a balance exceeding your initial deposit before such withdrawals become possible.
Is Crypto Fund Trader A Scam Or Legit?
In my opinion, the Crypto Fund Trader platform is technically not a scam.
You can build a passive income using the company capital through their two funding programs online.
For instance, if you have the required trading skills and ability to trade, you can achieve more from their funding program.
The prop firm also offers funding programs from as low as $5,000 capital which goes for only $50.
This makes it a suitable option for low-income earners to also get the opportunity to trade with the company’s capital.
If you can maintain profitability, consistently adhere to their trading guidelines, and trade within their set rules, you can establish a passive income within the platform.
The prop firm allows you to develop a trading career using their capital in the platform and earn more from your trading.
However, all these are possible if you have the required trading skills.
To check your ability to trade, the prop firm takes you through a test where you are required to pass their trading challenge.
In the challenge, you must pass the required profit targets while respecting other trading rules set in the platform.
If you fail the evaluation process, you’ll not get the opportunity to trade.
This could potentially lead to the risk of losing your account, ultimately compelling you to acquire another trading account or discontinue your platform use.
Related Review: Rocket21 Challenge
My Assessment Of Crypto Fund Trader
I base my assessment of the Crypto Fund Trader prop firm on the following key points:
Profit Splits: 8/10
The Crypto Fund Trader offers the best profit share with their default share being at 80% of the total profits you obtain from your trading.
For instance, when you make a total of $1000 as profits from your trading, you can withdraw up to $800 of the profits.
The prop firm only takes the remaining $200 as their share of the profits in the partnership agreement.
Scaling Opportunities: 0/10
The platform does not mention any scaling plan on its website.
For this reason, there is no guarantee that you may have your trading account size scaled in the platform.
Profit Targets: 8/10
The profit targets set in the platform are much more realistic to all traders in the platform allowing more traders to pass their evaluation stage.
For example, consider the widely used two-phase evaluation, where you have profit targets of just 8% and 4% in their respective phases.
The realistic profit targets make the evaluation process easy to pass by most traders who join the platform and progress to a funded account.
Affordability: 8/10
The Crypto Fund Trader is much more affordable for traders with different financial backgrounds on the platform.
It provides trading options for most traders on the platform as you can get an account size as low as $50.
In addition, if you have a larger capital, you can also get an opportunity to trade with the larger account size in the platform.
Trader Supports: 7/10
The prop firm offers the best online customer support for traders who want to inquire about their trading careers.
The company allows traders to contact them via email at support@cryptofundtrader.com and get a reply within one hour.
Tradable Assets: 8/10
The Crypto Fund Trader prop firm allows you to trade a variety of trading platforms in the program.
For instance, the platform allows you to trade forex pairs, cryptocurrencies, indices, commodities, and stocks.
This allows you to choose your preferred asset and earn more from your trading career.
Trustworthiness: 7/10
The Crypto Fund Traders have many testimonies online from their funding services on the platform.
They’ve payment proofs online from their loyal partners who have made it to a funded account and are trading with the company capital.
In addition, the company has an excellent rating online from credibility test platforms such as Trustpilot (I’m discussing this in-depth in the section below).
My overall Rating
I would rate the Crypto Fund Trader as a legit prop firm with a 7/10 rating, placing it among the reputable online platforms.
It stands out as one of the leading performers in the forex market, providing numerous traders with opportunities to establish their trading careers through its funding programs.
What Are People Saying
Here is what people have to say about Crypto Fund Trader prop firms online:
Trustpilot
The Crypto Fund Trader platform has an excellent rating on TrustPilot from a sample of 150 reviews earning 4.4/5 stars (October 12, 2023).
From the reviewers, the prop firm achieves up to 80% five-star rating in the platform as shown:
As you can see from the above rating distribution, positive reviews seem to outweigh the negative ones.
However, I must take you through some of these reviews so that you can know what fellow traders are saying concerning this prop firm.
One reviewer, named Sandeep Das feels impressed with the $25,000 account, which she claims to have received.
According to the trader, the account was accessible within four days of winning it from the platform.
Another trader pointed out that the prop firm is reputable and professional.
He says that after he had passed all the challenges, the company worked very professionally in service provision.
Another reviewer who left a star rating to the prop firm had an issue trading and claims to have been stopped 48 hours later.
The individual claims that he has not broken any rule.
He claims that some hidden rules might worked against him.
However, his claims got the support team’s attention and addressed the concern.
The trader was informed about the prop firm’s trading rules and that he had broken the reverse rules that are visible on the trading rules page on their official website.
This is very helpful for those who might also want to start trading on the platform.
Lastly is a review by Elias Marin.
The trader from Great Britain claims that his order was activated without SL, but he has since been told by the support to email his concern to the technical concern through the official email addressed to the prop firm.
FAQ About Crypto Fund Trader
Can I Use Credit Cards To Make Payment On The Crypto Fund Trader?
Yes, you can use a credit card to pay on this platform.
The other accepted payment methods include bank transfers, cryptocurrencies, etc.
You can also check your payment method if accepted in the platform before making payments and use the easiest-to-use one.
When Can I Make My Withdrawal Request On The Platform?
You can make your withdrawal from the platform if you are trading on a live-funded account with the following conditions.
First, your account balance must be higher than the initial size to show that your trading is profitable.
In addition, your withdrawal must be made after fourteen days of your trading period.
Can I Make Money With The Crypto Fund Traders?
Yes, you can.
But here is how.
The company allows you to trade and earn money in their funding program.
How Much Capital Do I Need To Get Started With The Crypto Fund Trader?
The prop firm lets you purchase your trading account size for as low as $50 on their platform.
This allows most traders with low income to get the opportunity to develop their trading career on the platform.
In addition, it makes the prop firm more affordable to most traders who want to venture their trading career online.
And with that, we conclude the Crypto Fund Trader Review.
However, I encourage you to continue the discussion.
Do you have any comments or additional insights to share regarding this review?
Please leave your thoughts in the section below, and I’ll respond to you promptly.