The Best Crypto Prop Trading Firms to Consider on Prop Firm Match Based on Affordability [5K Accounts Only] (2024)

Our latest blog on Prop Firm Match delves into the most affordable crypto proprietary trading firms for those looking to manage a 5K trading capital account. As affordability plays a pivotal role for traders, especially when starting out, we compare the original pricing of 5K accounts with a 2-step evaluation, setting aside any temporary discounts which can fluctuate over time. This ensures a fair and consistent comparison of what traders can expect to invest initially. Join us as we explore proprietary trading firms, from their entry fees, profit targets to their minimum trading days. With a focus on affordability, our blog aims to provide options for crypto prop trading firms that offer the most value for your investment, ensuring that trading is both strategic and cost-effective.

Most Affordable Crypto Proprietary Trading Firms

Funding Pips [Price: $32]

Funding Pips leads the pack as one of the best crypto prop trading firms, offering a highly competitive entry price of $32 for a 5K trading capital account. The firm, operating from the United Arab Emirates, utilizes the MetaTrader 5 (MT5) platform and partners with BlackBull Markets. Their 5K 2-step account plan to traders seeking opportunities in various financial markets. The firm establishes no minimum trading days and clear profit targets for its traders: an 8% profit target must be met during Phase 1 and a 5% profit target during Phase 2. Traders are provided with an 80% share of the profits they generate and profit withdrawals are permitted every 5 days. Funding Pips also implements risk management protocols, including a maximum daily loss limit of 5% and a total drawdown limit of 10%. Additionally, the firm offers a range of trading instruments, including Forex, Crypto, Indices, Metals, and Energies. Leverage is provided at different rates depending on the asset class. Forex trading offers leverage of up to 1:100, Metals and Energies up to 1:50, Indices up to 1:30, and Cryptocurrency trading up to 1:2.

Forex Capital Funds [Price: $37]

At $37, Forex Capital Funds presents itself as a budget-friendly option for those seeking entry into the crypto trading market. This firm based in the Netherlands, offers a 5K 2-step account plan for traders and utilizes the MetaTrader 5 (MT5) and MetaTrader 4 (MT4) platforms like many proprietary trading firms. Forex Capital Funds partners with ThinkMarkets as its broker, and their account plan specifies profit targets that traders are required to meet: an 8% profit in Phase 1 and a 5% profit in Phase 2 with no minimum trading days. Eventually, traders receive an 80% split for the profits they generate and profit withdrawals are permitted every 14 days. Risk management is a key component, with a maximum daily loss limit set at 5% and a total drawdown limit at 10%. Forex Capital Funds offers trading in a variety of instruments, including Forex, Commodities, Indices, and Cryptocurrencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC). This diverse selection enables traders to explore multiple markets and apply a range of trading strategies. Leverage rates are tailored to the challenge phases, with Forex, Gold, and other Commodities offered at 1:30, Indices at 1:20, and Cryptocurrencies at 1:2.

The 5%ers [Price: $39]

The 5%ers, operating from Israel, provide a 5K 2-step account plan for a $39 starting fee. Unlike traditional setups, the firm engages with commercial liquidity providers instead of retail brokers, and uses the MetaTrader 5 (MT5) platform. Their plan offers a 80% profit split and outlines clear profit objectives: traders must achieve an 8% profit in Phase 1 and a 5% profit in Phase 2. However, in the evaluation phases, three minimum trading days with profitability on each day is required. With a maximum daily loss cap at 5% and a total drawdown limit at 10%, the firm encourages disciplined trading practices. The 5%ers offer a spectrum of trading instruments, including Forex, Metals, Indices, Cryptocurrencies, and Commodities, providing traders the flexibility to diversify their portfolios. Leverage options vary by program, offering tailored risk levels. Hypergrowth accounts receive leverage of 1:30, Bootcamp participants have 1:10, and High Stakes traders can access up to 1:100. These diverse leverages allow individual traders to select a program that best fits their risk tolerance.

Maven [Price: $40]

Maven enters the list with a price point of $40 for a 5K trading capital account. The firm, based in Canada, offers traders a pathway to financial markets through its 5K 2-step account plan, utilizing both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. The firm collaborates with Purple Trading Seychelles and Blueberry Markets, ensuring a diverse and secure trading experience. The account plan, with no minimum trading days, sets forth specific profit targets, requiring an 8% gain in Phase 1 and a 5% gain in Phase 2. The firm provides the industry standard profit split of 80% with profit withdrawals allowed every 10 days. Maven emphasizes on risk management by setting a maximum daily loss limit of 4% and a total drawdown cap of 8%. Additionally, Maven provides access to a wide range of trading instruments, including Forex, Indices, Cryptocurrencies, and Commodities. The leverage offered varies by asset class, with Forex trading at up to 75:1, Commodities at up to 30:1, Cryptocurrencies at up to 20:1, and Indices at up to 10:1. These leverage rates offer individual traders flexibility in managing their risk across different markets.

Goat Funded Trader [Price: $45]

Goat Funded Trader rounds out our list with their 5K account priced at $45, positioned as the most premium option within the affordability bracket. The firm, based in Spain, provides a 5K 2-step account plan with no time-limit for traders, using the capabilities of MetaTrader 4 (MT4) and MetaTrader 5 (MT5) like several proprietary trading firms. The firm partners with ThinkMarkets and Purple Trading Seychelles to offer a secure trading environment. The plan with no minimum trading days, sets specific profit targets: 7% in Phase 1 and 5% in Phase 2. Upon meeting these targets, traders are entitled to an 80% profit share. With a maximum daily loss limit of 4% and a total drawdown limit of 10%, Goat Funded Traders attempts to foster disciplined trading practices among participants. Goat Funded Trader offers an extensive range of trading instruments, including Forex, Indices, Cryptocurrencies, Commodities, and Equities. This diversity allows traders to engage in various markets. For No Time Limit Evaluations, leverage options are tailored to the asset class: 1:100 for Forex, Metals, and Oils; 1:80 for Gold; 1:20 for Indices and Commodities; and 1:2 for Cryptocurrencies.

Summary

In conclusion, our rankings of the best crypto prop trading firms for 5K accounts, offers a roadmap for traders seeking cost-effective entry points into the trading landscape. Funding Pips sets a benchmark with the lowest entry fee of $32. Forex Capital Funds and The 5%ers follow closely, providing budget-friendly options, while Maven and Goat Funded Trader, although slightly higher priced, present themselves as contenders within the affordability spectrum. This assortment of proprietary trading firms ensures that individual traders, regardless of their budgetary constraints, have the opportunity to engage with the markets through platforms offering cost efficiency. Remember, while affordability is a key factor, the selection of proprietary trading firms should also consider alignment with trading goals, risk tolerance, and instrument preferences, ensuring a well-rounded trading experience.

‍