Crypto Prop Trading Firm

A crypto proprietary trading firm is a trading firm that offers crypto traders the opportunity to trade with a funded account. After completing a trading challenge, traders have the opportunity to keep up to 90% of the trading profits. HyroTrader, a crypto proprietary trading firm, collects evaluation fees from unsuccessful traders and redistributes these fees to successful traders.

A crypto proprietary (prop) trading firm provides crypto traders the opportunity to trade with a funded account. To access these funds, traders must first succeed in a crypto trading challenge, after which they can retain up to 90% of the profits they generate. To receive a funded account, traders are required to achieve a profit target of up to 15% during the challenge.

Most crypto proprietary trading firms employ their own trading strategies, such as high-frequency trading (HFT), algorithmic trading, market making, or they provide trading challenges and opportunities for retail traders. It’s crucial to distinguish between

1. Traditional proprietary trading firms.
2. Proprietary trading firms offering both real trading and simulated trading accounts.
3. Proprietary trading firms that offer only simulated trading accounts.

as each tier represents different levels of service, strategy sophistication, and market impact.

Real crypto proprietary trading firms engage in trading on the actual market with real liquidity. These firms typically do not offer remote capital provision; for instance, to trade for a crypto proprietary trading firm, you might need to work at a desk in London within an office environment. Tier 1 firms have their own trading strategies, often focusing on market making, algorithmic trading, or high-frequency trading (HFT). To be hired by such a firm, you need to possess genuine talent and skills. Although traders can receive a profit share, the percentage might be lower because they trade with significantly larger liquidity. These firms seek algorithmic traders and highly educated individuals with a mathematical background. Wintermute is among the most successful tier 1 crypto proprietary trading firms.

These firms target talented retail traders worldwide, allowing them to leverage trading skills remotely without needing to be in an office. Tier 2 firms offer simulated trading to evaluate traders and review their track records. Importantly, they allow traders to operate with real liquidity. These firms collect evaluation fees from unsuccessful traders and use these fees to fund successful traders. Currently, HyroTrader is considered the sole tier 2 crypto prop trading firm. To join, traders must complete a trading challenge aimed at achieving a 15% profit target over two stages, with no time limit. Initially, the first few payouts are conducted on a demo account, but traders are eligible for a profit split ranging from 70 to 90%. After passing this test period, traders can trade with real liquidity on the ByBit platform. HyroTrader’s goal is to identify profitable traders, establish relationships, and offer professional support and guidance for scaling crypto trading accounts.

These firms focus on inexperienced crypto traders, providing only simulated trading accounts without real capital. They often operate on CFD platforms characterized by wicks, high fees, swap fees, and unfavorable conditions for serious crypto traders. The trading challenges set by these firms are typically easier and less expensive, with profit targets of about 6-12%. The aim is not to pay traders in the long term but to collect evaluation fees, make a few payouts to successful traders, and then create conditions that disadvantage the trader. Traders might receive a payout or two but are likely to face bans or worsened trading conditions without clear reasons. These firms often operate on CFD platforms or have their own trading platforms, which they can manipulate. For retail traders, it can be difficult to identify such firms due to paid reviews and good social media presence. Before signing up, always check the trading platform and the challenge conditions (if it’s cheap or seems too easy, it might be a scam). FTMO stands out as one of the most reputable Forex proprietary trading firms, known for offering high-quality simulated trading experiences. You can trust this company for its integrity and commitment to helping traders succeed. However, it’s important to be cautious, as there are dozens of other firms whose intentions may not align with supporting traders’ growth.

In the crypto proprietary trading market, there are only a few genuine firms, so your options are limited. Wintermute stands out as the top firm for professional traders, but it requires working from their London office. HyroTrader is the premier choice for serious retail traders, offering the ability to trade remotely with the best market conditions. There are a few other crypto proprietary trading firms, but we lack experience with them, and in most cases, they require traders to work from the firm’s local office.

Most crypto trading firms generate income through their own trading strategies. HyroTrader earns money from our own crypto trading strategies, evaluation fees from traders, profit splits with successful traders, and affiliate commissions from crypto trading platforms.

With HyroTrader, you can trade all cryptocurrencies available on the ByBit platform. This includes the ability to trade USDT Futures, USDC Contracts, Options, and engage in spot trading. ByBit is now one of the most popular trading platforms in the world.