Is Crypto Fund Trader A Scam? – Modest Money


 Crypto Fund Trader Logo

In the past few years, prop trading firms have become pretty popular in the trading scene. They’re seen as a way for traders to get their hands on more cash to trade with and potentially boost their profits. People rave about how these firms can be game-changers, allowing someone to manage a large pot of money by just putting down a little bit upfront.

One such platform that’s been getting attention is Crypto Fund Trader. But with the prop trading world having its share of good and not-so-good players, it’s important to figure out if Crypto Fund Trader is just another scam or legit. I’m diving into this with my Crypto Fund Trader review.

And while it might sound like it’s all about cryptocurrency, Crypto Fund Trader actually lets traders work with a bunch of different markets, not just crypto. This variety could make it more appealing, but the big question still stands: is Crypto Fund Trader a scam or a real opportunity? We’re here to look into that, stripping away the industry jargon to see if it’s a safe bet for traders wanting to get more from their investments without getting burned.
Learn More About Crypto Fund Trader

Is Crypto Fund Trader a Scam?

Lets address the main question first, “is Crypto Fund Trader a Scam?”. From what I can gather, Crypto Fund Trader is not a scam. If you are wondering how I came to this conclusion, let me explain.

Crypto Fund Trader holds a “great” rating from TrustPilot, with an average rating of 4.2 out of 5 from over 220 reviews at the time of writing this. I find it hard to believe that a scam prop firm would have ratings this high.

Besides the positive reviews online, my confidence in Crypto Fund Trader not being a scam stems from their unique approach: they are the initial prop firm to visibly demonstrate their reserves. This Proof of Reserves confirms that Crypto Fund Trader possesses the necessary financial backing for its clients’ investments, with updates provided every Saturday. I find this to be an excellent practice, one that could potentially set a standard for other prop trading firms to copy.

If you want to dig deeper and decide for yourself, here are the top 10 signs of a scam crypto or forex trading website according to the government website of the commodity futures trading commission:

  1. It isn’t registered to trade forex, futures, or options.
  2. Trades crypto, but not registered as a money service business.
  3. No physical address, it’s clearly fake, or offshore.
  4. There is no customer service phone line.
  5. The website’s age doesn’t match its claims.
  6. The website won’t accept transfers from your bank.
  7. Investment returns are based on how much you invest.
  8. Broken links, poor spelling, and bad grammar.
  9. Winner of so many awards you’ve never heard of.
  10. Raving testimonials.

Crypto Fund Trader Features

Now that we have established that Crypto Fund Trader is not a scam, I will cover all of the beneficial features they bring to the table:

  • Diverse Trading Options: Offers not just cryptocurrencies but also indices and commodities, allowing traders to diversify their portfolios and access a wide range of assets without restrictions.
  • Learning Tools: Features a “learn as you go” system with various amounts of demo money, mimicking real market conditions, plus a unique “30-second rule” for quicker trades and learning.
  • Zero Spread: Eliminates the difference between buying and selling prices, removing extra costs and boosting profit potential.
  • High Funding Cap: Successful completion of the evaluation program could lead to receiving up to $200,000 for trading, with the initial fee influencing the capital provided.
  • Leverage Options: Offers significant leverage, allowing trades of $100 with just a $1 investment, reducing the barrier for entry.
  • Strict KYC and Verification: Implements a thorough KYC process through CoinScope, enhancing security and providing transparency.
  • Crypto Specialization: Focuses mainly on crypto trading, offering a vast array of crypto pairs and supporting transactions predominantly in crypto assets, though it also allows trading in forex, indices, and metals.
  • Flexibility in Trading: Unlike many prop firms, there are no time limits on trading challenges, giving traders the freedom to plan and execute long-term strategies without undue pressure.

Crypto Fund Trader Pricing

Crypto Fund Trader breaks down its evaluation process into two main phases, setting it apart from other prop firms by not imposing any time limits. This lets traders move at a pace that suits them best.

Phase 1: Here, traders aim for an 8% profit while keeping the maximum daily loss under 5% and the total loss under 10%. There’s no need to worry about trading fees, and you’ll start with spreads from zero pips. Once you hit the target, expect an email to move on to Phase 2 within a day.

Phase 2: The goal shifts to a more manageable 4% profit, with the same loss limits as before. Just like in Phase 1, there are no fees, and spreads remain from zero pips. Finish this, and you’ll receive your fully funded account shortly after – typically between 24 to 48 hours.

Evaluation Pricing:

Two Steps Evaluation:

  • $50 for $5,000 capital
  • $95 for $10,000 capital
  • $210 for $25,000 capital
  • $315 for $50,000 capital
  • $520 for $100,000 capital
  • $998 for $200,000 capital

One Step Evaluation:

  • $55 for $5,000 capital
  • $105 for $10,000 capital
  • $230 for $25,000 capital
  • $345 for $50,000 capital
  • $570 for $100,000 capital
  • $1097 for $200,000 capital

Payment can be made via credit card or through an extensive range of 29 cryptocurrencies, catering to a wide audience.

For Funded Traders:

Once you pass the evaluation, there’s no fixed profit target. Profits are split 80/20 in your favor. You’ll need to keep within the set daily and total loss limits. Withdrawals are allowed after five days of trading without breaking any rules.

Withdrawals:

Handled through the Deel platform, offering various methods like bank accounts, credit cards, PayPal, Payoneer, Revolut, Wise, Coinbase, and several cryptocurrencies. Expect your funds within 48 business hours.

Final Thoughts

Crypto Fund Trader offers a comprehensive and flexible platform for those looking to dive into prop trading. With its structured evaluation phases, diverse payment options, and an appealing profit split, it provides a solid foundation for both novice and experienced traders.

If you’re ready to take your trading to the next level and enjoy the benefits of a well-supported trading environment, this might be the right platform for you.

Click Here to get started with Crypto Fund Trader.
Get Started with Crypto Fund Trader

Related Links



Source link