Nowadays many people prefer to pay and get paid in crypto instead of a FIAT currency. Whether it’s because of the speed, the small fees, or to bypass certain restrictions, crypto is here to stay.
For these reasons, many prop firms are now accepting payments or paying traders in cryptocurrencies.
In this article, we’ll take a look at those proprietary firms, and I’ll help you to choose the best for you.
Let’s dive.
Here’s the list of the 3 best proprietary trading firms that accept Crypto as a payment, and/or can pay you in crypto too.
REVIEW SUMMARY
FTMO is a Forex prop firm, located in Prague, Czech Republic. It was founded in 2015. Read the full FTMO review
FEATURES
Instruments: Forex, Indices, Metals, Commodities, Stocks, Crypto.
Max balance: $2,000,000
Profit split: up to 90%
Cost: from €155
Platforms: MT4, MT5, cTrader, DXtrade.
REVIEW SUMMARY
FundedNext is a Forex prop firm, located in Ajman, UAE. It was founded in 2022. Read the full FundedNext review
FEATURES
Instruments: Forex, Indices, Metals, Commodities, Crypto.
Max balance: $4,000,000
Profit split: up to 90%
Cost: from $32
Platforms: MT4, MT5, cTrader.
REVIEW SUMMARY
My Funded Futures is a Futures prop firm, located in Texas, USA. It was founded in 2022. Read the full My Funded Futures review
FEATURES
Instruments: Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy, Interest Rates Futures, Metals Futures.
Max balance: $150,000
Profit split: 90%
Cost: from $80/month
Platforms: TradingView, NinjaTrader, Tradovate, ATAS, Quantower.
These prop firms with crypto as a payment option are not at the top 3, but are also interesting, and generally not really far away from the previous ones in terms of quality and services provided.
| Prop Firm | Profit Split | Cost | Max Balance | Rating | Review | Visit |
|---|---|---|---|---|---|---|
| | up to 100% | from $119 | $2,500,000 | 4.8 | Read review | |
| | up to 90% | from $89 | $1,000,000 | 4.8 | Read review | |
| | 80% | from $80/month | $300,000 | 4.6 | Read review | |
| | up to 80% | from €99 | $5,000,000 | 4.6 | Read review | |
| | 80% | from $55 | $1,280,000 | 4.5 | Read review | |
| | up to 100% | from $33 | $400,000 | 4.5 | Read review | |
| | up to 90% | from $65 | $2,000,000 | 4.4 | Read review | |
| | up to 80% | from $89/month | $200,000 | 4.4 | Read review | |
| | up to 100% | from $39 | $2,000,000 | 4.3 | Read review | |
| | 90% | from $115/month | $250,000 | 4.3 | Read review | |
| | up to 80% | from $55 | $3,000,000 | 4.2 | Read review | |
| | up to 85% | from $129 | $2,000,000 | 4.2 | Read review | |
| | 90% | from $145/month | $100,000 | 4.2 | Read review | |
| | 75% | from £299 | $10,000,000 | 4.1 | Read review | |
| | 80% | from $150/month | $400,000 | 4.1 | Read review | |
| | up to 90% | from $129 | $200,000 | 4.0 | Read review | |
| | up to 90% | from $129 | $1,500,000 | 3.0 | Read review |
As you can see, the list is big, and may not be easy to choose.
If you’re undecided, keep reading.
If you are overwhelmed by the number of prop firm options, a reliable way to filter them is to compare them side by side.
Here’s how you can do it.
Below, there’s my prop firm comparison tool which includes all of them, and the ones that accept crypto as well. Just choose the firms that you want to compare and immediately check the results with a detailed comparison.
Crypto is the future of the money. Well, it’s already a reality, but it will very likely replace the classic banking system.
When you use crypto you are your own bank. You don’t need to rely on an institution to store your money. You have access to it 365/24/7 and you can make instant transactions at any time.
Your money is not in a country anymore, you can move borders and take your money with you easily.
This presents a lot of advantages to commercial relationships, and prop firms are no exception.
You can use crypto to:
The advantages are so big that some prop firms actually prefer this type of payment.
There are two scenarios here.
You want to:
Let’s look at both.
To be able to purchase a prop firm challenge or evaluation from a prop firm, you need to have crypto first.
This is how you do it:
The transfer can be done directly from the exchange to the prop firm. No extra steps are needed here.
When it’s time to withdraw, the best time, you have two options:
Withdrawing from the prop firm to the crypto exchange it’s easier.
The prop firm will ask you for an address to send you the payment in crypto.
Just go to your exchange website and search for the address to deposit crypto on the exchange
Give that address to the prop firm.
And it’s done.
Now you can convert the crypto back to your local currency or do whatever you want.
Withdrawing from the prop firm to your own crypto wallet
If you don’t plan to convert your crypto anytime soon, you can take custody of it.
Create a crypto wallet and check what’s the address to deposit.
Give that address to the prop firm and it’s done.
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