Selecting a crypto prop firm is less about brand and more about execution realities. Evaluation rules, payout speed, and how orders are routed to the market determine whether a trader’s edge scales or stalls.
The list below highlights three firms that consistently come up in crypto conversations — focusing on practical differences rather than marketing claims.
1. HyroTrader
HyroTrader stands out for its crypto-first framework and live exchange execution. Funded accounts are mirrored on ByBit sub-accounts, with Binance data available through the CLEO interface.
That structure helps align results with real order books instead of simulated liquidity — which matters when slippage turns small wins into flat outcomes. Evaluation has no deadline pressure, and scaling to seven figures follows a transparent, stepwise path.
Strengths That Matter in Practice
- Unlimited evaluation time removes the artificial rush seen at many competitors. A trader can wait for A setups rather than forcing trades to meet a clock.
- Clear risk guardrails – 5% daily drawdown and 10% max loss encourage disciplined sizing while still leaving room for strategy variance.
- Fast payouts – requests can be made any day once profits reach 100 USDT and are typically processed within 12–24 hours in USDT or USDC.
- Exchange-native execution – orders route 1:1 to the underlying book, reducing the risk of chart artifacts and fake “wicks.”
Rules and Model at a Glance
- Evaluation targets: Phase 1 profit target – 10%; optional Phase 2 target – 5%
- Funding range: 5,000 – 200,000 USDT
- Profit split: Starts at 70%, increases to 80% → 90% with consistent performance
- Trading environment: ByBit execution, Binance data (CLEO), leverage 1:100, spot & derivatives (USDT perpetuals, USDC linear, options)
- Quality of life: Challenge fee refund on first split, weekend withdrawals, bot API keys, TradingView charts, and 24/7 support
Where It May Not Fit
Traders who want equity or forex exposure won’t find it here. The initial nominal size may be smaller than that of some multi-asset firms — though leverage, fast payouts, and a clear scaling path offset that concern.
2. FTMO
FTMO is a well-known multi-asset prop firm where crypto is available — but not the central focus. Its appeal for crypto-oriented traders lies in mature processes, educational resources, and a large community.
Familiarity with MT4 or MT5 can make the transition smoother for those coming from forex platforms.
Why Consider It for Crypto
- Strong reputation and infrastructure — ideal for traders who value stability and communication clarity.
- Access to crypto pairs within a larger product lineup, allowing strategy testing across multiple assets.
Trade-Offs to Note
- Evaluation phases include time limits and stricter rules, which can force trades during less favorable conditions.
- Crypto exposure typically uses CFD-style abstraction rather than direct exchange order flow, which may affect slippage and execution quality.
3. FundedNext
FundedNext is another multi-asset prop firm that includes crypto alongside forex and indices. It’s well-regarded for frequent community updates and multiple account options.
For traders refining a rules-based playbook, its structured challenge models can provide valuable discipline.
Why Consider It for Crypto
- Multiple account types and flexible sizing let traders align risk appetite with rules while testing crypto-market stability.
- Multi-asset access allows rotation between crypto momentum and non-crypto volatility clusters.
Trade-Offs to Note
- Crypto inherits restrictions from traditional markets — e.g., no weekend positions or limited trading around major news events.
- Execution often depends on broker infrastructure, not native exchange order books, which can influence spreads during volatility.
How to Choose Among the Three
Ask what matters most to your trading:
- Real exchange access?
- Flexible timelines?
- Multi-asset exposure?
If direct order-book execution, crypto-native experience, and on-demand payouts are top priorities, HyroTrader is built for that.
If you prefer deep communities, educational resources, and MT4/MT5 continuity, FTMO or FundedNext can be better suited — provided their crypto policies align with your trading rhythm.
Conclusion
Each of these firms supports credible crypto trading, but the right choice depends on operational details.
- HyroTrader emphasizes live exchange connectivity, unlimited evaluation, and rapid stablecoin payouts — ideal for traders whose edge depends on microstructure precision.
- FTMO and FundedNext offer broader ecosystems for those who want crypto access alongside forex and indices.
Match the firm to your strategy, keep risk limits front and center, and let performance metrics show whether prop funding enhances your trading — or just adds noise.
