Crypto Fund Trader - Prop Firm Review
- Crypto-first prop firm; the Swiss operator states it is NOT authorised or licensed in Switzerland
- Base split 80%; the 90% is a paid add-on (+20%), and weekly payouts are a separate paid add-on
- Static 10% on the 2-Phase; the 1-Phase is 6% TRAILING
- Simulated profit capped at $10,000 per day AND per trade, per user – the excess is deducted
- Default payout cycle is 15 traded days or every 30 calendar days; includes the June 2026 payout report
Last reviewed: 13 July 2026. Checked against Crypto Fund Trader’s official terms and conditions, evaluation rules, FAQ and refund policy. Figures below reflect the products on sale at the time of review; prop firm rules change often, so always confirm on the firm’s own pages before you buy.
Crypto Fund Trader: the short version
- What it is: a crypto-first prop firm run by a Swiss company that states it is not authorised or licensed in Switzerland. All accounts are demo.
- The split: base 80%. The 90% is a paid add-on (+20% of the fee), and weekly payouts are a separate paid add-on (+20%).
- The drawdown: static 10% on the 2-Phase. The 1-Phase is 6% trailing — the shorter route is the tighter one.
- The catch: simulated profit is capped at $10,000 per day AND per trade, per user — the excess is deducted and open trades force-closed. Clause 14.2 reserves the right not to pay even if you hit the target.
- Cost: one-time fee. Default payout cycle is 15 traded days or every 30 calendar days unless you buy weekly.
- Best for: crypto traders who want real instruments and crypto payouts, and who trade steadily rather than chasing one big move.
1 Phase Challenge Fees
| Challenge Price | Funded Capital | Profit Split |
|---|---|---|
| $63 | $5,000 | 80% |
| $120 | $10,000 | 80% |
| $262 | $25,000 | 80% |
| $450 | $50,000 | 80% |
| $798 | $100,000 | 80% |
| $1,480 | $200,000 | 80% |
2 Phase Challenge Fees
| Challenge Price | Funded Capital | Profit Split |
|---|---|---|
| $58 | $5,000 | 80% |
| $110 | $10,000 | 80% |
| $240 | $25,000 | 80% |
| $389 | $50,000 | 80% |
| $660 | $100,000 | 80% |
| $1,250 | $200,000 | 80% |
Company Overview
Crypto Fund Trader (CFT) is a crypto-first proprietary trading firm operated by SWISS RLCRATES AG (CHE-162.567.204), registered at Bahnhofstrasse 21, Zug, Switzerland. The Swiss address is the first thing most reviews mention and the last thing the firm’s own footer supports: “SWISS RLCRATES AG is not authorized or licensed in Switzerland and does not offer any trading services with MT5 neither conducts any regulated activities.” The terms add that it acts as a payment and marketing agent for a Spanish entity, RLCRATES SL.
There is no ambiguity about what you are buying. The homepage states it directly: “It’s all demo, no real capital involved.” The terms go further — clause 5.2 confirms the funds are demo funds and that “you are not entitled to those profits.” What CFT calls a payout, its contract calls a scholarship: a discretionary reward for performance in a training programme, not a share of trading profit. That distinction is not pedantry. It is the basis of clause 14.2, below.
Where CFT genuinely differs from the forex firms that bolted crypto on later is the instrument set and the plumbing. It lists 556 cryptocurrency instruments among 720+ total, and since April 2025 orders on the Bybit route hit Bybit’s real matching engine through your own API key and subaccount.
June 2026 Payout Report New
| Metric | June 2026 |
|---|---|
| Total paid to traders | $384,077 |
On these figures: the payout total is self-reported by Crypto Fund Trader and is not independently audited. The firm does, however, point traders to its public Proof of Reserves payout logs, so the underlying withdrawal records can be inspected rather than taken on trust. It did not publish how many payouts made up the June total.
The $10,000 Cap: The Rule That Is Not On The Pricing Page
CFT applies a hard ceiling on simulated profit that is easy to miss and, for a crypto firm, unusually consequential. Clause 7.1.xiii of the terms, repeated in the evaluation rules:
“Once the capital reaches $10,000 of demo profit per day and/or per trade, active trades will be closed and the amount that exceeds $10,000 will be deducted. The demo profit limit is applied per user… Any operation closed in several parts or several operations executed in similar time counts as a single operation.”
Three things follow, and each one matters:
- It is both a daily cap and a per-trade cap. Not one or the other.
- It applies per user, not per account. Running several accounts does not multiply your ceiling.
- Splitting a position does not evade it. Partial closes and near-simultaneous trades are counted as one operation.
If you catch a genuine crypto move and close $18,000 of simulated profit in a session, $8,000 is deducted and your open trades are shut. This is not a breach and nothing is escalated — the money simply is not there at payout. For a firm whose entire pitch is an asset class defined by violent, outsized moves, the cap rules out precisely the scenario most of its customers are aiming for.
Two Clauses To Read Before You Buy
Neither of these is hidden. Both are in the published terms, rewritten in March 2026. They are not evidence of wrongdoing, and we found no sourceable case of a mass payout freeze. But they give the firm unusually wide discretion, and you should know they exist.
Clause 14.2 — the firm may decline to pay you even if you pass.
“The parties agree that SWISS RLCRATES AG may, under certain circumstances, not pay the paid scholarship despite the trader’s achievement, waiving any subsequent claim.… In the event that, for whatever reason, such a scholarship could not be integrated into the trader, he/she will have the right only and exclusively to the return of the fees paid for participation in the program.”
Your sole contractual remedy, if this is invoked, is the return of your evaluation fee — not the profit you earned. The clause is built on the framing set out above: this is a training programme in demo conditions, and the reward is a scholarship rather than a debt owed to you.
Clause 6 — a payout can be gated behind a live interview. The firm “may require an interview at any time as a condition… to process a scholarship”, conducted by “live video, voice, screen share and written verification”. Refusal, non-completion, or answers judged incomplete “may result in withholding or revocation of the Ticket, cancellation of the scholarship”. The same clause lets CFT impose or change leverage limits, risk caps, position limits and instrument bans on any live account at its sole discretion, mid-account.
What The Split And The Payout Cycle Actually Cost
The base split is 80%. The advertised 90% is not a performance tier and is not earned — it is a checkout add-on. So is the payout frequency most reviews quote as standard.
| Add-on | Price | What it changes |
|---|---|---|
| 90% Bonus Performance | +20% of the evaluation price | Raises the split from 80% to 90% |
| Weekly Scholarship Request | +20% of the evaluation price | Payout request every 7 traded days |
| Daily Drawdown 6% | +15% of the evaluation price | Daily loss limit 5% to 6% (not on 1-Phase) |
| Max Drawdown 12% | +25% of the evaluation price | Max loss limit 10% to 12% (not on 1-Phase) |
Without the weekly add-on, the default cycle is a payout after at least 15 traded days, or every 30 calendar days. A trader who buys the base product expecting the “weekly payouts” they read about elsewhere will wait roughly a month for the first one.
Evaluation Programs and Drawdown
Four routes are on sale. The critical difference between them is not the number of phases — it is whether the maximum drawdown is a fixed floor or one that follows you up.
| Programme | Profit target | Daily loss limit | Max drawdown | Drawdown type |
|---|---|---|---|---|
| 2-Phase | 8% then 5% | 5% | 10% | Static (fixed to initial balance) |
| 1-Phase | 10% | 4% | 6% | Trailing (locks once account is +6%) |
| Instant | 10% (for double-ups) | 4% | 6% | Static |
| Break | 5-6% | – | 3-4% | Trailing (locks at initial balance) |
The trap is the 1-Phase. It is the shorter route and looks like the cleaner deal, but its 6% maximum loss is a trailing drawdown that rises with every new equity high until the account is 6% in profit — where it finally locks. The 2-Phase, by contrast, has a genuinely fixed 10% floor measured from your starting balance. On a $50,000 account that is a $5,000 buffer that never moves, versus a $3,000 buffer that chases you upward. The one-step route is the tighter one, not the more generous one.
Account sizes run $5,000 to $200,000 on the 1-Phase and 2-Phase, with a $300,000 ceiling per user across live-stage accounts. Instant runs $2,500 to $10,000 with a documented scaling path to $1,280,000. There is no time limit on any evaluation, and no consistency rule on the 1-Phase or 2-Phase — though Break accounts carry a 40% consistency check applied at payout.
Two products sit in an odd half-life: the 3-Phase model has been pulled from the shopfront but is still fully priced in the binding terms, and free trials are disabled “until further notice” per clause 3.2.3.
Payouts
| Payout term | Detail |
|---|---|
| Default cycle | After 15 traded days, or every 30 calendar days |
| With weekly add-on | Every 7 traded days (+20% of the fee) |
| Processing | ~8 hours average; up to 48 business hours for review |
| Methods | Bank transfer (EUR/USD); USDT (ERC20/TRC20), BTC, ETH |
| Base split | 80% (90% as a paid add-on) |
| KYC | Mandatory before any payout; a contract must be signed |
CFT does not publish a minimum payout figure anywhere on its site, so we do not state one.
One procedural trap worth knowing: you must close all open trades before requesting a payout. The terms state that profits generated during the account lock period, if trades are left open after a request, “will not be valid and may be withdrawn by the team.”
The 14-day money-back guarantee is real but narrower than it sounds. The refund policy voids it the moment you place a single trade: “you automatically lose your right to withdraw from the contract if you have already opened a position on your demo account.” Refunds are also “issued at our discretion and may be accepted or rejected as such.” In practice it protects you only if you buy and never trade.
Trading Rules
- Minimum trading days: 5 per phase, non-consecutive allowed.
- News trading: allowed on the standard programmes.
- Overnight and weekend holding: allowed, on any account type and instrument.
- Expert Advisors: permitted, but HFT, tick scalping and arbitrage bots are prohibited.
- Hedging and reverse trading: prohibited, including opposite positions held across different accounts.
- Copy trading and third-party signals: prohibited, as is account sharing or trading from the same household, IP or VPS as another participant.
- Bybit accounts: restricted to USDT crypto futures and derivatives. Spot or options trading means immediate termination.
- Leverage: the “up to 1:100” headline applies to Advanced accounts only ($50k-$200k on 1-Phase and 2-Phase). “Student” accounts – every size up to $25,000, plus all Instant and Break accounts – are throttled to 1:5 on crypto and 1:30 on forex. For a crypto firm, that is the single most under-reported spec on the site.
One clause worth flagging on principle: 7.1.ix requires traders to agree “not to make any public statement in any type of social media or public access medium disputing, challenging… or criticizing in any way” their CFT account. It sits in the same list of prohibitions whose penalty is termination and loss of returns.
Platforms, Instruments and Costs
CFT supports MetaTrader 5, Match-Trader and Bybit. MT5 is not available to US residents; Match-Trader is the US-accessible option. Bybit is not a white-label — it requires your own Bybit account, a dedicated API key and a subaccount, and orders route to Bybit’s live matching engine.
The firm’s own pages give two different instrument counts. The FAQ says 720+ instruments (556 crypto, 106 forex, 15 indices, 22 commodities, 25 stocks); the challenge page says roughly 540 crypto and 39 forex. We use the FAQ figures and note the discrepancy rather than pick a side.
Pricing is spread-based with no separate per-trade commission. CFT advertises EUR/USD from 0 pips and BTC/USDT from around 1 pip, though exact values vary by platform and conditions. Traders on the Bybit route should note that Bybit’s own fee schedule also applies to futures traded there.
CFT lists tutorial videos, virtual classes, ebooks, live streams, podcasts and “personal mentoring” as free inclusions with every programme. These are presented as labels on the firm’s own site with no linked content, schedule or access route published, so treat them as a marketing claim rather than a documented entitlement.
Company Information
- Entity: SWISS RLCRATES AG (CHE-162.567.204), Bahnhofstrasse 21, Zug, Switzerland; acts as payment and marketing agent for RLCRATES SL
- Regulation: none. The firm states it “is not authorized or licensed in Switzerland” and does not conduct regulated activities
- Account type: demo throughout. Payouts are discretionary “scholarships”, not trading profits
- Governing law: the courts of Zug, Switzerland
- Founded: 2021, operations launched November 2022
- Self-reported payouts: the homepage counter shows roughly $20.3 million paid to traders to date, and about $384,077 in the most recent month. Both are self-reported and unaudited, though CFT does publish payout logs that can be inspected.
- Trustpilot: Trustpilot is not currently displaying a star rating for Crypto Fund Trader, so we do not quote one here. The listing remains live with 1,141 reviews on file and its reviews are still readable, and ratings can change – check it directly for the current position. Any 4.3 or 4.4 score quoted elsewhere is cached from an earlier period.
Who Crypto Fund Trader Actually Suits
The crypto offering is not a marketing veneer. 556 crypto instruments, direct Bybit execution, crypto payouts in USDT, BTC or ETH, no time limits, weekend holding and news trading permitted — for a trader who genuinely wants to trade digital assets under a funded structure, there is no forex firm with a bolt-on crypto tab that matches it.
The reservations are all about the ceiling and the discretion. Profit above $10,000 in a day, or on a single trade, is deducted — which caps the exact outcome a crypto trader is chasing. The 90% split and the weekly payout cycle both cost 20% of the fee each, so the product most reviews describe is really the base product plus 40%. Crypto leverage on any account up to $25,000 is 1:5, not the advertised 1:100. And clause 14.2 reserves a right not to pay at all, with a fee refund as your only remedy.
Consider it if you want real crypto instruments and crypto payouts, you trade a steady rather than explosive style, and you have priced in the add-ons you will actually need.
Avoid it if your edge depends on catching one large move, you are buying the 1-Phase believing its 6% floor is static, you are relying on 1:100 leverage on a smaller account, or you are not comfortable with a contract that reserves the right to withhold the reward.
Frequently Asked Questions
What is the $10,000 rule at Crypto Fund Trader?
Simulated profit is capped at $10,000 per day and per single trade, applied per user rather than per account. Anything above that is deducted and open trades are force-closed. Partial closes and near-simultaneous trades count as one operation, so splitting a position does not get around it.
Is the 90% profit split included?
No. The base split is 80%. The 90% split is a checkout add-on costing an extra 20% of the evaluation price. Weekly payouts are a separate add-on, also 20%.
How often does Crypto Fund Trader pay out?
By default, after at least 15 traded days, or every 30 calendar days — whichever you reach first. The 7-day cycle requires the paid weekly add-on. Processing averages around 8 hours once approved, with up to 48 business hours allowed for review.
Is Crypto Fund Trader regulated?
No. The operating entity, SWISS RLCRATES AG, states on its own site that it “is not authorized or licensed in Switzerland and does not… conduct any regulated activities”. All accounts are demo accounts, and the payout is structured in the terms as a discretionary scholarship rather than a share of trading profit.
Is Crypto Fund Trader legit?
Crypto Fund Trader is a real, operating firm that pays traders, but it is not regulated. Its operator, SWISS RLCRATES AG, states on its own site that it “is not authorized or licensed in Switzerland and does not… conduct any regulated activities”. All accounts are demo accounts, and the payout is structured in the terms as a discretionary scholarship rather than a share of trading profit.
Does Crypto Fund Trader have a consistency rule?
Not on the standard 1-Phase and 2-Phase evaluations. The newer Break accounts carry a 40% consistency rule checked at payout. What every account does carry is the $10,000 daily and per-trade profit cap.
Can you hold trades over the weekend at Crypto Fund Trader?
Yes. Overnight and weekend holding are permitted on every account type and instrument, and news trading is allowed on the standard programmes. That is unusually permissive for a crypto-focused firm.
Are Expert Advisors allowed at Crypto Fund Trader?
Yes, with limits. EAs are permitted, but HFT, tick scalping and arbitrage bots are prohibited, as are copy trading, third-party signals and account sharing. Bybit accounts are restricted to USDT crypto futures — spot or options trading means immediate termination.
Is Crypto Fund Trader legit?
Crypto Fund Trader is a real, operating firm that pays traders, but it is not regulated. Its operator, SWISS RLCRATES AG, states on its own site that it “is not authorized or licensed in Switzerland and does not… conduct any regulated activities”. All accounts are demo accounts, and the payout is structured in the terms as a discretionary scholarship rather than a share of trading profit.
Does Crypto Fund Trader have a consistency rule?
Not on the standard 1-Phase and 2-Phase evaluations. The newer Break accounts carry a 40% consistency rule checked at payout. What every account does carry is the $10,000 daily and per-trade profit cap.
Can you hold trades over the weekend at Crypto Fund Trader?
Yes. Overnight and weekend holding are permitted on every account type and instrument, and news trading is allowed on the standard programmes. That is unusually permissive for a crypto-focused firm.
Are Expert Advisors allowed at Crypto Fund Trader?
Yes, with limits. EAs are permitted, but HFT, tick scalping and arbitrage bots are prohibited, as are copy trading, third-party signals and account sharing. Bybit accounts are restricted to USDT crypto futures – spot or options trading means immediate termination.
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