Prop trading firms let skilled traders use company capital to trade markets and share profits. A proprietary trading firm provides tools, accounts, and rules to help traders grow without risking their own money. Among the top proprietary trading firms, Bitfunded focuses on crypto trading in a simulated setup. This means you practice real strategies but with demo funds, earning actual rewards if you perform well. Traders join to build skills and access larger accounts. The prop trading firm handles the backend, so you focus on trades. In this blog, we cover the full process at Bitfunded, from signing up to getting paid. Learn how it works step by step to see if it fits your goals.
Understanding Proprietary Trading Firms
A proprietary trading firm uses its own capital to trade in crypto. Traders get access to this capital after proving their skills. Unlike retail trading, you don’t fund the account yourself. Firms like Bitfunded simulate trades to reduce real risk and reward success.
Key benefits include:
- Larger trading power: Start with accounts up to $100,000 in simulated capital.
- Skill development: Practice without losing personal funds.
- Profit potential: Earn from simulated gains turned into real payouts.
Bitfunded specializes in crypto, making it ideal for digital asset traders. It differs from traditional firms by using demo environments that help beginners learn quickly.
The Onboarding Process
Onboarding at a proprietary trading firm starts with selecting a plan. At Bitfunded, you choose from challenge sizes based on your experience. Entry fees range from $79 for a $3,000 account to $1,399 for $200,000.
Steps to onboard:
- Visit Bitfunded and pick a challenge.
- Pay the one-time fee via secure methods.
- Get instant access to a simulated trading dashboard.
- Set up your profile with basic details, such as your email and payment information.
No long approvals needed. You start trading right away in a demo setup that mirrors live markets. This quick start helps you test strategies without delay. Bitfunded provides guides on platform use, so even new users can jump in.
Evaluation Challenges
Evaluation is where the prop trading firm tests your skills. Bitfunded uses a two-stage challenge to qualify for funded trading.
Stage 1 details:
- Profit target: 8% of starting balance.
- Max daily loss: 5%.
- Max overall loss: 10%.
- No minimum trading days.
- Unlimited time to complete.
Stage 2 follows if you pass Stage 1:
- Profit target: 5%.
- Max daily loss: 5%.
- Max overall loss: 8%.
- Same flexible timeline.
You must close all positions to advance. Leverage is 1:5 across stages. Trade over 100 crypto pairs, including weekends. If you fail, reset for a fee or buy a new challenge. Success moves you to the trader stage with a funded demo account. Track progress via dashboards that show metrics such as drawdown and profits.
Trading with Funded Accounts
Once funded, you trade with proprietary trading firm capital in a simulated live environment. At Bitfunded, this means no real losses but real rewards from profits.
Account features:
- Sizes from $10,000 to $200,000 USDT equivalent.
- No profit targets; unlimited upside.
- Same loss limits: 5% daily, 8-10% overall.
- Full strategy freedom: Scalping, holding, or news trading allowed.
Platforms integrate with common charting and execution tools. Monitor trades in real-time with alerts for risk breaches. Bitfunded’s setup lets you scale positions with 1:5 leverage on crypto pairs like BTC/USDT or ETH/USDT. Withdraw profits anytime after hitting split days. This stage builds consistency, as steady performance leads to higher payouts.
Profit Sharing and Payouts
Payouts are the goal in top proprietary trading firms. Bitfunded uses an 80/20 split: You keep 80% of simulated profits, the firm takes 20%.
How it works:
- Reach the profit split day (after consistent trading).
- Request payout via dashboard.
- Get paid within 24 hours.
- No specified minimum; even small profits qualify.
Refunds on fees if you pass challenges quickly. Track earnings with transparent reports. This system motivates risk management, as breaches reset accounts without real loss.
Key Rules and Risks
Rules keep trading fair in best proprietary trading firms. At Bitfunded, key ones include closing positions for stage advances and sticking to loss limits.
Common rules:
- No martingale or high-risk strategies that violate limits.
- Trade only allowed assets: 100+ crypto pairs.
- Unlimited holding periods, even over weekends.
Risks to consider:
- Simulated setup means no real gains until payout, but skills transfer to personal trading.
- Fees add up if you fail multiple challenges.
- Market volatility can hit loss limits fast in crypto.
- No real capital risk, but time investment is key.
Follow guidelines to avoid account suspension. Bitfunded offers support tickets for rule clarifications to help you stay compliant.
Start Your Funded Crypto Journey with Bitfunded Today
Join Bitfunded today to turn your trading skills into real rewards. As one of the best proprietary trading firms for crypto, we offer simulated challenges that let you practice with up to $150,000 in demo capital. Pay a low entry fee, pass two stages, and access funded accounts with an 80/20 profit split. No real risk means you focus on strategy and growth. With over 100 pairs and flexible rules, it’s built for success. Get instant access, build consistency, and request payouts in 24 hours. Whether you’re new or experienced, Bitfunded helps you scale without personal funds. Take the first step now and unlock your trading potential.
Frequently Asked Questions
1. What is a proprietary trading firm?
A proprietary trading firm provides capital for traders to use in markets, sharing profits after evaluations. Bitfunded focuses on crypto simulations.
2.How do I start with Bitfunded?
Choose a challenge plan on Bitfunded, pay the fee, and begin trading in the simulated environment right away.
3.What are the profit targets in challenges?
Stage 1 requires 8% profit, Stage 2 requires 5%, with daily loss limits of 5% and overall loss limits of 10%/8%.
4.Can I trade any strategy?
Yes, Bitfunded supports all styles, such as scalping and holding, with no restrictions on news events or weekends for crypto pairs.
5.How does the profit split work?
You get 80% of simulated profits; the firm keeps 20%, paid out within 24 hours of the request.
6.What if I fail a challenge?
Reset your account for a fee or purchase a new challenge to try again without losing real money.