The financial world is rapidly evolving, and proprietary trading (prop trading) has emerged as an exciting avenue for traders looking to leverage institutional capital. Within this space, crypto prop firms have become increasingly popular, particularly in regions like the UK, where innovation in finance thrives. For traders looking to break into the world of cryptocurrency trading with limited personal capital, prop firms offer a unique opportunity.
Best Crypto Prop Firms in UK
$650,000
*Choose your account type and start trading
$500,000
*Choose your account type and start trading
Here, we explore some of the best crypto prop firms in the UK, their offerings, and what makes them stand out in this dynamic market.
1. FTMO
FTMO has built a strong reputation in the proprietary trading world and has recently ventured into the cryptocurrency market. While headquartered in the Czech Republic, FTMO has a significant presence in the UK due to its global reach and trader-friendly terms.
Key Features:
- Wide Crypto Asset Selection: Trade major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP).
- Generous Profit Splits: Up to 90% profit split for successful traders.
- Robust Evaluation Process: Traders must pass an evaluation phase to prove their skills.
- Advanced Trading Platforms: Supports MT4, MT5, and cTrader.
FTMO’s stringent evaluation process ensures only skilled traders qualify, making it a competitive but rewarding choice for crypto traders.
2. My Forex Funds (MFF)
Although My Forex Funds primarily focuses on forex trading, it has expanded into cryptocurrencies, offering traders a chance to profit from the volatile crypto market.
Key Features:
- Affordable Entry: Lower fees compared to many competitors.
- Flexible Trading Rules: Allows overnight and weekend holding of crypto positions.
- Diverse Account Types: Offers rapid, evaluation, and accelerated accounts to cater to traders of all levels.
- UK Accessibility: Strong presence and support for UK-based traders.
MFF is an excellent choice for beginners due to its low entry barriers and supportive community.
3. The Funded Trader
The Funded Trader has gained popularity among crypto traders for its high-profit splits and user-friendly evaluation process. This firm’s focus on transparency and trader support makes it a strong contender in the UK market.
Key Features:
- High Profit Split: Traders can earn up to 90% of their profits.
- Crypto-Friendly: Offers a wide range of crypto assets and supports crypto-specific trading strategies.
- No Hidden Fees: Transparent pricing and evaluation processes.
This platform’s commitment to flexibility and fairness has made it a favorite for traders aiming to profit from cryptocurrency volatility.
4. Lux Trading Firm
Based in the UK, Lux Trading Firm is renowned for its robust support system and commitment to helping traders succeed. While they primarily cater to forex and stock traders, their cryptocurrency offering is equally impressive.
Key Features:
- Personalized Mentorship: Offers one-on-one mentoring for traders.
- Crypto Trading: Supports Bitcoin, Ethereum, and other popular cryptocurrencies.
- Scalable Accounts: Start small and scale up as you prove your trading skills.
- Advanced Risk Management Tools: Helps traders manage crypto volatility effectively.
Lux Trading Firm is an excellent option for those seeking a supportive environment and access to mentorship.
5. Topstep Crypto
Topstep is a well-known name in proprietary trading and has recently launched Topstep Crypto to cater specifically to cryptocurrency traders. With its established reputation, Topstep Crypto is a solid choice for UK traders.
Key Features:
- Structured Evaluation Process: Ensures traders are prepared to handle real capital.
- High Liquidity: Access to top crypto exchanges for seamless trading.
- Educational Resources: Comprehensive training for crypto trading.
- Community Support: A strong network of traders to share insights.
Topstep Crypto combines a structured approach with ample resources, making it ideal for traders looking to sharpen their skills.
How to Choose the Right Crypto Prop Firm
Selecting the right crypto prop firm depends on several factors:
- Evaluation Process: Some firms have rigorous evaluation phases, while others offer direct funding.
- Profit Splits: Higher profit splits mean more earnings for traders.
- Trading Platforms: Ensure the firm supports platforms you’re comfortable using.
- Support and Resources: Look for firms offering educational materials and mentorship.
- Asset Coverage: Choose a firm with a wide range of crypto assets.
Crypto Prop Firms FAQs
What is a crypto prop firm?
A crypto prop firm is a proprietary trading company that provides traders with capital to trade cryptocurrencies. Traders typically share a portion of their profits with the firm in exchange for using its funds.
How do crypto prop firms make money?
Crypto prop firms earn revenue by taking a share of the profits generated by their traders. Some also charge fees for evaluation processes or account maintenance.
Do I need prior experience to join a crypto prop firm?
Most crypto prop firms require traders to pass an evaluation process to demonstrate their skills. While prior experience can help, many firms provide training resources to assist beginners.
Are crypto prop firms regulated in the UK?
Regulation varies by firm and region. It’s essential to research a firm’s regulatory status and ensure it complies with UK financial standards.
What platforms do crypto prop firms use?
Most firms support popular platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. Some may also provide access to specialized crypto trading platforms.
Can I trade other assets with a crypto prop firm?
Many crypto prop firms also offer access to other asset classes, such as forex, stocks, and commodities. Check with the firm to understand the full range of tradable assets.
How much can I earn with a crypto prop firm?
Earnings depend on factors like your trading performance, the firm’s profit split policy, and the size of the account you manage. Top firms offer profit splits of up to 90%.
Conclusion
The UK’s crypto prop trading scene is thriving, with firms offering opportunities for traders of all levels. Whether you’re a seasoned professional or a novice eager to break into the market, there’s a prop firm to match your needs. Evaluate your options carefully, consider your trading goals, and choose a firm that aligns with your aspirations. With the right support, the potential for success in crypto trading is limitless.