Hi, welcome to my BTFX Capital Review.
Are you looking for a prop firm that can help you trade by offering you funds?
BTFX Capital claims to be the best option promising you a profit share of up to 80%.
In this review, I’ll take you through the inside out of the BTFX Capital.
Taking that in mind, let’s begin…
Summary of BTFX Capital
Product Name: BTFX Capital
Product Type: Proprietary Trading Firm
Monthly fees: None
Registration Fee: Starts from $189, depending on your chosen account size.
Official Site: https://www.btfxcapital.com.au/
Program founder: Brad F
Overall Rating: 6/10
My Recommendation: Not for everyone; kindly read my review to see why
BTFX Capital – Overview
BTFX Capital is one of the upcoming prop firms looking for more traders to help them trade with the company’s capital in the forex market.
When you join it, you must pass through its two-phase evaluation before being awarded a funded account.
In the two evaluation challenges, the first phase introduces you to the platform, while the second phase is the verification phase.
In the verification phase, you’ll be promoted to trade with the live-funded account once you meet the set profit targets.
When you get the live-funded account, the prop firm allows you to trade with their capital in the forex market.
You’ll then earn a profit share which goes up to 80%, to help you grow your account and achieve your financial targets.
In addition, BTFX Capital promises to allow traders to scale their accounts and increase their account balance by 100%.
This offer enables traders to make more profits and reach their financial targets faster in the forex market.
The prop firm also focuses on educating beginners to help them realize their dreams of success in the forex industry.
In addition, the prop firm promises to offer financial support to its traders, especially when contacted via their support team email.
Also Read: FX2 Funding Review
Pros Of BTFX Capital
- The prop firm allows you to hold trading during weekends.
- BTFX Capital allows repeat trading in the evaluation stage.
- You’ll enjoy a profit share of up to 80%.
- The prop firm offers a scaling plan of up to 100% of your account balance.
- You can trade news and use expert advisors in their evaluation stage.
- The prop firm offers you a variety of tradable assets, including forex pairs, cryptocurrency, metals, and much more.
Cons Of BTFX Capital
- Keep the identity of the owner private from their official website.
- The prop firm has an unrealistic scaling plan.
- The prop firm does not permit copy trading.
Who Should Sign Up with BTFX Capital?
BTFX prop firm targets to work with talented traders who can consistently make profits when trading in the forex market.
As a trader, the prop firm expects you to be more than eighteen years of age and is more profitable.
If you are a beginner, the prop firm targets to work with you if you have a passion for trading and learning to trade forex.
The prop firm promises to offer you the required education that will help you learn everything you need to know about forex trading.
Who Should Not Sign Up with BTFX Capital?
If you are not a talented forex trader and have no passion for joining the forex industry, then joining this prop firm is not a good idea.
On the other hand, the prop firm only permits traders 18+ to trade in their platform.
The prop firm uses its evaluation stage to eliminate traders who need help to respect their trading rule or meet their set targets.
For this reason, you may fail to pass their evaluation, limiting you from receiving a funded account.
What Is BTFX Capital?
BTFX Capital is a proprietary firm that offers traders the opportunity to trade in the forex market through their live-funded program.
The prop firm is based in England and was founded by Brad F, a successful forex trader.
When you join the platform, you can realize your trading potential using your funded account.
However, this comes after the prop firm has verified your consistency and talent through their evaluation phases.
In the forex market, the prop firm allows you to trade various instruments and earn as much profit as possible.
According to the prop firm, every trader who manages to get their live-funded account should achieve financial freedom.
The prop firm doesn’t set any profit target in the funded account to allow traders to maximize their earnings.
In addition, the prop firm offers you a scaling plan to increase your account balance by 100%.
However, the scaling plan is only for highly profitable traders who can meet all the requirements needed in the platform.
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How Does BTFX Capital Work?
BTFX allows you to trade in the forex market using the capital in their live funded account.
However, you must pass their evaluation process to get their live-funded account.
So, after signing up for the process, you must choose your preferred account size and make a payment.
Here are the available account sizes in the platform:
- $25,000 account
- $50,000 account
- $100,000 account
- $200,000 account
After receiving your payment, the prop firm will provide you with your account credential and start getting access to their dashboard.
In addition, you’ll immediately start your evaluation stage after receiving your account credentials.
There are two types of evaluation stages, as shown below:
Single Phase Evaluation
This is the first phase of the evaluation process which introduces you to the prop firm.
In the single-phase evaluation stage, the trading rules for every account are here.
- $25000 account
You’ll have up to 60 days to complete this stage.
The maximum daily loss in this stage is $1250.
The maximum total loss in this stage is $2,000.
You’ll trade under a trading leverage of 1:30
The minimum trading days are three days.
- $50000 account
Maximum trading is 60 days.
The maximum daily loss in this stage is $2,500.
The maximum total loss in this stage is $4,000.
The trading leverage 1:30.
The minimum trading days accepted in this stage is three days.
- $100,000 account.
Maximum evaluation days 60 days.
The maximum daily loss in this stage is $5,000.
The maximum total loss in this stage is $8,000.
The minimum number of trading days accepted in this stage is three.
- $200000 account
The maximum number of trading days accepted is 60 days.
The maximum daily loss in this stage is $10,000.
Also, the maximum total loss in this stage is $16,000.
The trading leverage is 1:30.
The minimum trading days accepted is three days.
The Two-Phase Evaluation
You’ll automatically move to the two-phase stage when you complete the single-phase evaluation stage.
The two-phase evaluation is the second phase used as the verification stage to enable you to qualify for the live-funded account.
Here are what you will get in the two-phase evaluation:
- $25000 account
You will have up to 60 days to complete this stage.
The maximum daily loss in this stage is $1500.
The maximum total loss in this stage is $3000.
You will trade under a trading leverage of 1:100
The minimum trading days are three days.
- $50,000 account
Maximum trading is 60 days.
The maximum daily loss in this stage is $3,000.
The maximum total loss in this stage is $6,00 with a trading leverage of 1:100.
In addition, the minimum trading days accepted in this stage is three days.
- $100,000 account.
Maximum evaluation days 60 days.
The maximum daily loss in this stage is $6,000.
The maximum total loss in this stage is $12,000.
Besides, the account trading leverage is 1:100.
The minimum number of trading days accepted in this stage is three.
- $200000 account
The maximum number of trading days accepted is 60 days.
The maximum daily loss in this stage is $12,000.
Also, the maximum total loss in this stage is $24,000.
The trading leverage is 1:100.
The minimum trading days accepted is three days.
Funded Account
After completing the evaluation phase, you can access the live-funded account.
The prop firm will automatically send you your live-funded account within two hours after completing the second evaluation phase.
In the live funded account, you’ll be trading with the capital from the company and earning a profit share.
Unlike in the evaluation phase, the live fund doesn’t set any profit target for traders and allows you to trade with your specified target.
You’re also not allowed to use the trading rules allowed in the evaluation stage, such as:
- Copy trading
- Trading news
- Using expert Advisors when trading
However, you can still hold your trade during weekends and overnights in the live-funded account.
Trading Rules in the BTFX Capital
In the BTFX Capital, here are the trading rules:
Profit Target
In the single-phase trading account, the profit target set for traders is 10% which you must reach to get to the second phase.
The profit target is reduced to 5% in the second phase evaluation stage.
The live-funded account has yet to set a profit target for you.
However, your live-funded account must end with a positive balance after thirty days of trading to be eligible for withdrawal.
Maximum drawdown
The maximum daily drawdown limit for all accounts is 6%.
The maximum total drawdown limit for all accounts is 12%.
Profit Share
The payout split for the funded account is 80/20.
You get 80% of your profits while the program takes the remaining.
Payouts & withdrawals
After receiving your live-funded account, you will start trading and earn profits with the capital from the company.
The company allows you to earn up to 80% of your profits which you can withdraw into your wallet.
However, you must trade with the company for at least one month to make your first withdrawal.
After making your first withdrawal, your subsequent withdrawals will be granted bi-weekly.
Trading Days
The minimum trading days accepted for the evaluation stage is three days.
On the other hand, the maximum trading days for passing the evaluation stage is sixty days.
Weekend Trading
The prop firm allows traders to hold trading over weekends and overnights.
Trading Accounts
BTFX Capital allows you to trade with a maximum of three accounts.
According to the prop firm, the maximum amount you can trade with as your trading capital is $6,000,000.
The prop firm also takes $6,000,000 as their maximum funding for a single trader in their platform.
How Can I Withdraw From My BTFX Live-Funded Account?
After trading with your live-funded account for over a month, you can request your first withdrawal.
To request for withdrawal, you will have to follow the steps below;
Send an email to their support team at support@btfxcapital.com.au with the following information;
Subject: payout request.
Description: Provide your funded account number to which you want to withdraw.
The prop firm support team will verify your request once they receive it to analyze if you can withdraw.
You will receive your payout through the deal immediately when your payment request is verified.
Note that every trader is required to sign a contract with Deel when creating your live-funded account.
The prop firm uses Deel as their remote workforce management tool for the payout process to traders.
As part of their trading team, you must contract with the Deel to have your payout earnings.
In addition, the withdrawal payouts are always made as quickly as possible.
According to the prop firm, the average withdrawal request takes less than two days.
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BTFX Capital Scaling Plan
According to the BTFX Capital Scaling plan, your live-funded account will be increased by 100%.
The scaling plan is offered to traders every six months, which can make your live-funded account grow to a profit balance of $1,000,000.
However, the scaling plan only applies to consistent traders who are consistent in their trading with a positive balance.
What Is The Broker Used In The BTFX Capital?
BTFX Capital partners with Eightcap as their trusted broker.
The broker offers industry-leading spreads to traders with some additional commissions.
For this reason, the prop firm expects all their traders to respect and use their trusted broker when using their platform.
On the other hand, BTFX Capital prop firm uses Metatrader4 as their main trading platform.
The prop firm, however, promises their traders to enroll in the Metatrader 5 platform soon.
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Trading Instruments Used In BTFX Capital
The BTFX uses a variety of trader instruments, including:
- Forex Pairs
The prop firm allows you to trade more than 40 major and minor forex pairs.
- Metals
Under metals, the platform allows you to trade gold and silver.
- Oil
BTFX Capital allows you to trade Brent and WTI under oil, the two global benchmarks for oil trading.
- Indices
You will get the opportunity to trade the world’s largest stock indices with instant execution around the clock.
- Cryptocurrency pairs
The prop firm allows you to trade more than 10 Cryptocurrency derivatives.
They include major crypto pairs such as Ethereum, Tron, Bitcoin, CFD, Dogecoin, and much more.
- Stock CFDs
The prop firm also prohibits going short or long of Australian, USA, LSE, and extra stock.
Who Is The Founder Of BTFX Capital?
Brad F., based in England, founded BTFX Capital prop firm.
At the age of between sixteen to twenty, Brad claims that he was working as a window fitter.
Brad later quit his job to start his work after realizing that he needed to work extra hard to achieve his dreams.
Brad then created his own business, named the Best Trades FX, and used the company to achieve his financial freedom.
He also targets beginners, who he promises to educate and give opportunities to trade in the forex market.
By doing so, Brad aims to make the beginners better their lives as he has and achieve their financial goals.
However, Brad F does not reveal his identity and background information about him and the company on their official website.
This makes it difficult for traders to learn more about him especially those who would want a mentorship program from him.
What Are the Benefits of Joining the BTFX Capital Prop Firm?
- Higher Profit Share
When you start trading with the live-funded account, the prop firm gives you a higher profit share of up to 80%.
The higher profit share motivates you to make more profits and realize your trading potential.
You can grow your account faster and achieve financial freedom with a higher profit share.
- Weekend Trade Holding
BTFX Capital allows you to hold your trade during the weekends or overnights in case you wish to do so.
This makes you trade freely and set your trading targets as desired on the platform.
- Permits Traders To Use EAS In Trading.
When trading with BTFX Capital, the platform allows you to use expert advice to help you place your trades on the evaluation stage.
The prop firm also allows you to repeat your trade freely, with one option during your evaluation phase and the other during the verification phase.
What Is The Cost Of Joining The BTFX Capital?
BTFX Capital doesn’t charge you for joining their platform.
You’ll therefore sign up to the prop firm for free.
However, you must pay for the account size you trade with after signing up on the platform.
There are four different accounts to decide with their prices set as follows:
- $25,000 account
This is the smallest account size available for traders on the platform.
In the $25,000 account size, you must pay a one-time fee of $189.
- $50,000 account
The $50,000 account has a one-time fee of $315, enabling you to trade with the account on the platform.
$100,000 account
This is the second largest account size in the platform, where you will be required to pay a one-time fee of $549 to purchase.
- $200,000 account
This is the most extensive account size you can purchase in the platform, costing you a one-time fee of $949.
Is BTFX Capital A Scam?
In my view, BTFX Capital prop firm is not a scam; you can access their funded account after passing your evaluation stage.
The prop firm allows you to trade with their capital and earn profits when granted access to their live-funded account.
The prop firm awards its traders a profit share of up to 80%, which is impressive for most trading firms.
In addition, the prop firm offers a realistic profit target to its traders at their evaluation stage, which is set at 10% and 5%, respectively.
This makes passing their evaluation stage more realistic and getting to a funded account with no profit target set for you.
However, the prop firm targets to work with talented traders who will be consistently profitable.
They aim to help you trade with their capital in the forex market to achieve financial freedom.
For this reason, you need to be able to trade effectively and respect their trading rules to get their live-funded account.
This means that you will lose your account at the evaluation stage and not make profits in the long run.
In addition, if your account ends with a negative result at the end of every month, you cannot withdraw your profits.
Considering all these queries, it’s no doubt that BTFX Capital is only for some.
If you find the prop firm unsuitable for you, or you’re not comfortable with their services, worry no more.
My Assessment Of The BTFX Capital
My assessment of the prop firm is based on the following factors:
Scaling Opportunities – 6/10
The scaling in the prop firm allows you to increase your funded account balance by 100%.
However, this scaling plan seems unrealistic as it can make your account balance exceed the maximum amount the program is willing to offer as capital.
For this reason, there is no guarantee of getting the scaling plan if you go by larger account sizes such as the $100,000 and $200,000 accounts.
Profits Targets – 7/10
The profits targets set in the evaluation stages in the prop firm are 10% and 5%, which seems realistic for most traders.
In addition, the program does not set any profit target in their live funded account, making it easy for traders to maximize their trading profits.
Affordability – 8/10
Regarding affordability, BTFX Capital makes their purchasing fee as low as possible to attract more traders.
For instance, their fee for the smallest account of $25,000 is only $189, which is more affordable for most traders.
Trader Supports – 7/10
BTFX Capital promises to reach out to their traders first if they contact them for any request.
For this reason, the company encourages its traders always to seek assistance whenever they encounter challenges using their platform.
In addition, the prop firm support team promises to respond to their customer request as soon as possible.
Tradable Assets – 8/10
BTFX Capital allows you to trade various assets such as indices, metals, forex pairs, and cryptocurrency.
This provides you with various tradable assets to choose from when trading.
Trustworthiness – 6/10
Based on the services provided in the program, BTFX Capital is more reliable for trading.
In addition, the program awards traders live funded accounts, which they trade with the company’s capital and earn profits when eligible.
You can, therefore, use the prop firm capital to achieve your financial freedom online, provided you pass their evaluation and respect their trading rules.
My Overall Rating: 6/10
In general, BTFX Capital is an averagely performing prop firm in the market.
However, the prop firm is showing signs of becoming one of the top-performing prop firms due to its increasing reputation in its services.
What Are People Saying
Here are what traders and others say about the online BTFX Capital prop firm.
Trustpilot
In the trust pilot, BTFX Capital has attracted a rating of 4.0 out of five from three reviews.
On their Facebook page, BTFX Capital has more than 30 followers with over 100 likes on their posts.
On its Instagram page, BTFX Capital Company has more than 20 followers and 14 likes.
FAQs about BTFX Capital
How Long Will I Become A Live Trader Once I Pass The Evaluation?
After successfully passing your evaluation process, you will be automatically awarded a live-funded account.
You will receive your live-funded account credentials in the next two hours after finishing the evaluation stage.
If you don’t receive the credentials in two hours, you are advised to contact their support team for assistance.
Can I Emerge My Live-Funded Account With That Of My Friend?
The prop firm does not allow the merging of live trading accounts between customers.
This is due to the risk management of the merged accounts and the tracking purposes.
The prop firm allows traders to have up to three challenges at once, totaling their maximum funding of $600,000.
Does BTFX Capital Prop Firm Allow Trading Using EAs?
The prop firm allows traders to trade using EAs and includes other risk management tools they can afford.
In addition, the prop firm allows you to use third-party bots and auto-trading bots to boost your trade.
However, BTFX Capital prop firm does not allow the following Eas on funded accounts; hedge arbitrage, reverse arbitrage tick scalping, and latency arbitrage.
Does BTFX Capital Allow Copy Trading?
The prop firm doesn’t accept copying someone’s trade in their platform when trading.
BTFX Capital is looking forward to trading with qualified traders who can depend on their skills to trade and make profits on their own.
For this reason, untalented traders who will be copy trading will not be permitted to trade and may risk losing their funded account.
How First Can I Receive My Funded Account After Signing Up For The BTFX Capital?
After signing up to the platform, you will have to make your payment on your preferred account.
Upon the platform’s payment, you will receive your evaluation challenge account and the dashboard credential in less than five minutes.
In case you experience a delay in receiving your credentials after making payment, you are advised to contact their support team for assistance.
Is There Any Profit Target In The Live-Funded Account?
The prop firm does not set any profit target for traders in their live funded account.
However, the prop firm expects your account to end with a positive balance at the end of thirty day trading period.
Failure to meet this trading condition means you cannot withdraw money from your live-funded account.
Can I Withdraw My Evaluation Profits?
The prop firm uses the evaluation stage to ensure they are trading with a talented and consistent trader.
They expect their traders to have no capital risk when trading in the forex market and, therefore, not allow you to withdraw profits in the evaluation stage.
In addition, the prop firm tests your trading without risking capital, which means you will be trading on a demo account at this stage.
Thank you for reading my BTFX Capital Review.