Crypto Fund Trader (CFT) is a Swiss prop firm, founded in 2022, that sells simulated trading evaluations built around crypto, with forex, indices, commodities and stocks also available. Its main distinction from forex-first prop firms is the platform choice. MetaTrader 5 or Match-Trader accounts trade CFDs and crypto CFDs, while Bybit accounts trade perpetual contracts through an API-connected sub-account that carries its own rules. Overall, CFT is strongest for crypto traders. It offers Bybit perpetuals at native exchange fees, 1:100 crypto leverage on the evaluations and no time limit. The main drawbacks are a $10,000 daily and per-trade profit cap and a tight 6% trailing drawdown on the 1 Phase and Instant accounts. The program you buy sets the drawdown type, profit split and payout timing.
Who operates Crypto Fund Trader
CFT operates from Switzerland through SWISS RLCRATES AG. It offers trading through MetaTrader 5, Match-Trader (the firm’s own CFT Platform runs on Match-Trader technology) and Bybit. The official website is cryptofundtrader.com.
All accounts are evaluation or funded accounts trading simulated capital. The firm’s terms refer to “simulated profit,” and payouts are calculated as a share of that simulated profit. You pay a one-time fee for the challenge, trade under the program’s limits, and receive a split of eligible profits once you meet the payout conditions.
Programs and how they differ
1 Phase Evaluation
The 1 Phase Evaluation is a single-step challenge offered from $5,000 to $200,000. You need a 10% profit target. The daily loss limit is 4% and the maximum loss is 6%, measured on a trailing basis. Once funded, the profit split is 80%, and payouts are available after at least 15 traded days or every 30 calendar days.
A trailing maximum loss moves up as the account makes new highs, so the floor rises behind you. On the 1 Phase the drawdown allowance (6%) is smaller than the profit target (10%), a 1:0.6 ratio. You need to make more than you are allowed to lose, and a profitable run followed by a pullback can breach the limit even though the account is still above its starting balance.
2 Phases Evaluation and Accelerated
The 2 Phases Evaluation asks for 8% in Phase 1 and 5% in Phase 2, with a 5% daily loss limit and a 10% static maximum loss. A static limit stays at a fixed level relative to the starting balance and does not climb as you profit. The funded split is 80%, with the same 15 traded days or 30 calendar days payout schedule as the 1 Phase. Sizes run from $5,000 to $200,000.
The Accelerated program uses the same parameters, split and payout schedule, at lower prices than the standard 2 Phases at every size.
Instant Evaluation
The Instant Evaluation skips a challenge phase and is offered at $3,000, $5,000 and $10,000. It carries a 4% daily loss limit and a 6% trailing maximum loss. The profit split starts at 50% and rises through scaling tiers to a maximum of 90%.
The 10% figure on Instant accounts works differently from a pass mark. When the account reaches 10% simulated profit, you can withdraw and the account moves to the next tier, with no minimum trading-day requirement. You can also request a standard payout before reaching 10%, but then the payout conditions of the evaluation programs apply. The firm calls this “10% for double ups,” which refers to the account size growing at each tier.
Ascend Evaluation
Ascend is a two-step program priced from $45 to $450 for $5,000 to $50,000 accounts. Its trading parameters match the 2 Phases. The reward differs: an “Instant Scholarship Award” paid after you hit the Phase 2 profit target, in place of an ongoing profit split. Ascend also has two rules of its own. Copy trading between Ascend accounts is prohibited, and you may not open new trades or increase risk during high-impact news events or market openings.
Break Evaluation
The Break Evaluation is a 1-step program, priced at $199 for a $100,000 account, with an 80% split, on-demand payouts and scaling up to $300,000. Break funded accounts carry the firm’s only consistency rule: no more than 40% of your total profits can come from a single trading day. For example, a trader with $5,000 in total profit could have no more than $2,000 of it from one day.
Costs
Challenge fees
Per $10,000 of account size, the larger accounts cost less. A $5,000 2 Phases account works out to $116 per $10,000 and the $200,000 account to $62.50. The 1 Phase costs more than the 2 Phases at most matching sizes, though not at all of them: the terms list the 10,000 USD 1-Step Classic at 109 USD against 110 USD for the 10,000 USD 2 Phases. Instant accounts are the most expensive per dollar of capital: the $10,000 Instant costs $475, against $110 for a $10,000 2 Phases.
CFT had no public discount code when we checked on November 8, 2026.
Trading commissions
Commissions depend on the platform and asset class:
| Platform | Asset | Commission |
|---|---|---|
| Match-Trader / MT5 | Crypto | 0.0325% per side |
| Match-Trader / MT5 | Forex | $2.50 per lot per side |
| Match-Trader / MT5 | Indices | 0.005% per lot per side |
| Match-Trader / MT5 | Stocks | 0.002% per side |
| Match-Trader / MT5 | Commodities | 0.0005% per side |
| Bybit | All | Bybit’s native maker/taker fees |
These are per-side figures, so a full trade (open and close) pays twice. A crypto trade on Match-Trader or MT5 costs 0.065% round turn. In a hypothetical $50,000 notional BTC position, that comes to $16.25 to open and $16.25 to close, $32.50 in total. A one-lot forex trade costs $5 round turn.
On Bybit you pay Bybit’s own maker/taker fees, which depend on your Bybit user tier. CFT states that it adds no markup. For active crypto traders, the gap between 0.0325% per side and Bybit’s tiered fees can matter more than the challenge fee over time.
Platforms and Bybit accounts
Your platform choice at checkout decides what you trade:
- MetaTrader 5 and Match-Trader: CFDs, including crypto CFDs, plus forex, indices, commodities and stocks. MT5 is not available to US traders.
- Bybit: perpetual contracts only. Perps are not available on the other two platforms.
The Bybit route gives you a real exchange order book and the exchange’s own interface. The trade-off is a stricter set of account rules, each of which can lead to suspension:
- You may not deposit, transfer or add funds to the assigned Bybit sub-account.
- You may not disconnect, modify or interfere with the API connection to CFT.
- Spot trading on the sub-account is prohibited.
- Only USDT pairs count. Trades on USDC pairs are not counted toward simulated profit or evaluation results.
Leverage
Leverage reaches 1:100 on crypto (BTC and ETH, majors, altcoins, DeFi and meme coins) on the 1-step and 2-step programs. Other assets are lower:
- Forex: 1:30
- Indices: 1:20
- Commodities: 1:30
- Stocks: 1:5
On Instant accounts, crypto leverage is 1:5, far below the 1:100 on the evaluation programs.
Trading rules
What is allowed
- News trading: allowed, with no extra restrictions outside the Ascend program.
- Overnight and weekend holding: allowed.
- Time limit: unlimited, and the evaluations have no minimum trading days.
- Expert Advisors: restricted. Tools such as position size calculators, trade managers and position managers are permitted. EAs built for news scalping or multi-account reverse trading are prohibited.
- Copy trading: restricted. Copying between your own CFT accounts is allowed, except between Ascend accounts.
What is prohibited
The firm bans high-frequency trading, tick scalping, arbitrage, abusive hedging, gambling-style trading and “all-in” trading. The last two are behavioral rules with no published numeric threshold, so the firm decides what counts as a breach.
Reverse trading has specific terms. Opposite positions on the same instrument are prohibited when held at the same time, with 60 seconds as the published threshold. Opposite positions on the same asset with different quote currencies are prohibited, as is reverse trading across different accounts. There is one exemption: you may open an opposite position if the original position has been open for at least 24 hours.
The $10,000 profit cap
Simulated profit is capped at $10,000 per day and per trade. Profit above the cap can be deducted, and open positions may be closed. The firm may also treat several partial closes, or several trades opened around the same time as part of one strategy, as a single trade. Splitting a position into smaller tickets does not avoid the per-trade cap.
The cap affects large accounts most. On a $200,000 1 Phase, the 10% target is $20,000. If the cap applies during the evaluation, you need at least two trading days to pass even with perfect execution. On a $200,000 2 Phases, the 8% Phase 1 target is $16,000, which is also above a single day’s cap. On a $10,000 account the cap equals 100% of the balance, so it will rarely be the binding limit.
Payouts
The firm offers two paid add-ons for the 1 Phase and 2 Phases. Weekly Payout Request lets you request payouts after 7 traded days in place of the standard schedule. 90% Bonus Performance raises the profit split from 80% to 90%.
Payouts are paid by bank transfer, USDT on ERC20 or TRC20, Bitcoin or Ethereum. Processing takes about 8 hours and up to 48 business hours. With crypto payouts, network choice affects your costs: TRC20 and ERC20 USDT carry different network fees, and sending to the wrong network can lose funds.
Strengths and trade-offs
Strengths
- Bybit perpetuals access at native exchange fees with no stated CFT markup, which few prop firms offer.
- 1:100 crypto leverage on the evaluation programs.
- No time limit and no minimum trading days on the evaluations.
- News trading and weekend holding allowed.
- Static 10% maximum loss on the two-step programs.
- Entry from $40 Accelerated and $58 2 Phases accounts.
- Several crypto payout options alongside bank transfer.
Trade-offs
- The $10,000 daily and per-trade profit cap limits scaling on large accounts and can trigger deductions.
- The trailing 6% drawdown on 1 Phase and Instant accounts is tight against a 10% target.
- The 15 traded days or 30 calendar days payout wait on the main programs, unless you buy the weekly add-on.
- Suspension-level rules on Bybit sub-accounts.
- Instant accounts cost more per dollar of capital, start at a 50% split and give only 1:5 on crypto.
- Discretionary rules on gambling-style and all-in trading.
- A short track record, with the firm founded in 2022.
How we checked Crypto Fund Trader
We visited cryptofundtrader.com on 13 November 2026 from Tallinn, Estonia. Our walk covered the home page, the footer, the Terms and Conditions, the FAQ and the refund policy, plus a click on “Choose your challenge”. The footer names SWISS RLCRATES AG, in a disclaimer stating that brokers and trading platform operators are separate from that company. No licence or registration number appeared anywhere we looked. There was no regulator statement either, and no risk warning.
Oddly, the “Choose your challenge” page showed no prices at all. They sat on the home page instead, and the terms list every fee in writing. A 5,000 USD 2 Phases evaluation costs 58 USD there, and the 200,000 USD version costs 1250 USD. The cheapest entry we found was the 1-Step Turbo at 25 USD for 5,000 USD. For the 2 Phases, the home page gives an 8% Phase 1 target, a 5% daily loss limit, a 10% overall loss limit and leverage up to 1:100. Rule figures for the 1-step programs could not be matched word for word on the pages, so treat those as unconfirmed. Clicking “START THE CHALLENGE” kept us on cryptofundtrader.com with prices on screen. That is where we stopped. We did not buy a challenge, so we cannot say at which step an account is required.
The site claims no licence, which left us nothing to look up in a register. On Trustpilot, read 13 November 2026, the firm scored 4.2/5 from 1,113 reviews, with 78% five-star and 14% one-star ratings. The company has claimed its profile. The domain was registered on 2022-10-19, and the Wayback Machine’s first capture of the home page dates from 2022-12-07.
What stays open is the company itself. We did not confirm that SWISS RLCRATES AG exists as a registered Swiss company, and we did not test a payout, so the payout times quoted in the FAQ remain the firm’s own claim.
Who it may suit
CFT fits crypto traders who want to trade perpetuals on Bybit, or crypto CFDs with high leverage, under a prop structure. The static 10% drawdown and lack of a time limit on the two-step programs suit swing traders who hold over weekends and do not want a deadline. The per-trade cap and the reverse-trading and HFT bans make it a poor fit for scalpers, arbitrage systems and anyone aiming to make large single-day gains on a big account.
Forex-focused traders get 1:30 leverage and $2.50 per lot per side, terms they can compare with forex-first firms such as FundingPips or The5ers.
Alternatives
| Provider | Score | Fee | Split | Payouts | |
|---|---|---|---|---|---|
| 7.1/10 | $449 | up to 95% (80% during live phase) | every 14 days | Review | |
| 6.8/10 | $405 | Up to 90% ** | Every 14 days | Review | |
| 7.0/10 | $439 | Up to 90% | Bi-Weekly | Review |