Post
Topic
Board Trading Discussion
Topic OP
My experience with prop firms. Have you used any prop firm?
by
luis4
on 15/07/2023, 16:06:52 UTC
My experience with prop firms, which is a sector that we cryptotraders don't have much idea about, a few months ago I had no idea and it seemed interesting to me what these trader financing companies offer.

I think that first we have to know that a prop firm is a company that provides large capital, but to do so, you must first demonstrate that you are profitable by passing an evaluation for which you must pay a fee. This is because you have to prove that you are profitable to use a bigger capital.

It is a very good option to use a prop firm because you have a series of benefits:

-You don't risk your capital
-You can trade with accounts up to 200K

 For now I am funded in Crypto Fund Trader and in this case you can trade crypto which is what they are focused on. They also have forex, indices, commodities and stocks.

They also allow any strategy, they offer a leverage of 1:100 and spreads from 0 pips, this is what made me use my strategy comfortably.

We can also choose the platform you feel comfortable with, these are MT5 and their own platform, personally I use the Crypto Fund Trader platform because I think it is very well optimized.

Making a withdrawal is very easy as you can choose to be paid in crypto or by bank transfer.

They generate money from the copy trading they perform on profitable users and also from people who lose evaluations. They are very transparent, they have proof of reserves, coinscape KYC and a complete list of all traders who are funded.

In my opinion using a prop firm is a way that for example I can work on what I like which is trading and all this without using my money.
The prop firm I use is Crypto Fund Trader  https://cryptofundtrader.com/, if you have questions they have support 24/7.