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📋 How We Review Prop Firms: CoinCodeCap evaluates prop trading firms across five weighted criteria: Payout Reliability (35%), Evaluation Fairness (25%), Pricing Value (20%), Platform & Tools (10%), and Support & Transparency (10%). We research payout histories, Trustpilot reviews, community feedback, regulatory records, and official rule documentation before scoring. All facts are verified at time of publication.
⚠️ Regulatory Warning: On August 23, 2024, FINMA (Swiss Financial Market Supervisory Authority) issued a public warning against CryptoFundTrader.com. Additionally, CFT’s own Terms and Conditions describe the firm as an educational services provider — not a prop trading firm offering real capital. All accounts are simulated, and “payouts” are termed “scholarships” that the firm can deny at its discretion. Review CFT’s full terms before purchasing any challenge. Verify the FINMA warning here.
Crypto Fund Trader is one of the most prominent crypto-focused prop firms — 700+ trading pairs, Bybit strategic partnership, MT5 and proprietary platform, 1-Phase through Ascend program variety, and verified payout testimonials including traders reporting $47,500+ in total profits. The FINMA regulatory warning and the “educational platform” framing in the firm’s Terms and Conditions create a transparency concern that must be weighed against the positive community reports before making any purchasing decision.
⚡ TL;DR — Crypto Fund Trader
Crypto Fund Trader launched November 2022, registered as SWISS RLCRATES AG. 700+ crypto pairs, Bybit strategic partner, MT5 + proprietary platform. Four evaluation programs. 8–24 hour payouts. Regulated warning: FINMA (Switzerland) issued a public warning in August 2024.
- 📅 Founded: May 2021 (full ops Nov 2022), SWISS RLCRATES AG — CEO: Alan Sánchez
- 💰 Entry Fee: From $2,500 (Ascend/Instant) · 1-Phase from lower price point
- 📊 Account Sizes: $2.5K–$10K scales to $1.28M
- 💸 Profit Split: 80% base
- ⚡ Payouts: 8–24 hours · bi-monthly
- 🔗 Exchange: Bybit strategic partner · 715+ crypto pairs
- 🌐 Platforms: MT5, MatchTrader, CFT proprietary platform
- ⚠️ FINMA Warning: Swiss regulator issued public warning vs CryptoFundTrader.com (Aug 2024)
- 📜 Terms Caution: ToS describes firm as “educational platform” — payouts are “scholarships” at firm’s discretion
- ✅ Best For: Crypto traders who’ve done full due diligence and want 700+ pair access via Bybit
Crypto Fund Trader at a Glance
| 📊 Feature | Details |
|---|---|
| ⭐ CoinCodeCap Rating | 3.5 / 5 — pending resolution of FINMA warning |
| Founded | May 2021 (full ops Nov 2022) — CEO: Alan Sánchez |
| Legal Entity | SWISS RLCRATES AG (Switzerland) · part of RLCRATES, S.L. (Spain) |
| Regulatory Status | ⚠️ FINMA public warning issued August 2024 |
| Best For | Crypto traders who’ve done full due diligence — Bybit access, 715+ pairs |
| Markets | Crypto (700+ pairs), Forex, Indices, Commodities, Stocks |
| Programs | 1-Phase · 2-Phase · Instant · Ascend |
| Account Sizes | $2.5K–$10K · scales to $1.28M |
| Profit Split | 80% base |
| Payout Speed | 8–24 hours · bi-monthly schedule |
| Platforms | MT5 · MatchTrader · CFT proprietary · Bybit integration |
| Exchange Partner | Bybit (strategic partner 2025) · 715+ crypto pairs |
| News Trading | ✅ 1-Phase, 2-Phase, Instant · ❌ Ascend (2-min restriction) |
| Min Trading Days | 5 per phase (standard) · None on Ascend |
| US Traders | Check current terms — Bybit restrictions may apply |
| 👉 Learn More About Crypto Fund Trader → | |
⚠️ Terms and Conditions Concern — Read Before Buying: CFT’s Terms and Conditions describe the firm as an “educational services” provider and refer to payouts as “scholarships.” Key clauses allow CFT to deny payouts for undefined behaviors including “unrealistic trading” and “risk manipulation,” and to terminate accounts without refund. A non-disparagement clause in the Terms restricts traders from posting negative public reviews. These clauses are common to many prop firms but are worth reading in full before purchasing. The FINMA public warning (Aug 2024) is the most significant concern — verify its current status before proceeding.
⚡ Bottom Line (Up Top): Crypto Fund Trader has genuine strengths: 715+ Bybit crypto pairs, MT5 and proprietary platform, 8–24 hour payouts, verified trader testimonials with five-figure payouts, and four flexible evaluation programs. The FINMA regulatory warning (August 2024), “educational platform” framing in the ToS, and vague termination clauses are serious concerns that set it apart from more transparent competitors. Do your own research on the FINMA warning status and read the full Terms before buying.
What Is Crypto Fund Trader?
Crypto Fund Trader (CFT) is a crypto-focused proprietary trading firm launched in November 2022, operated by SWISS RLCRATES AG (Switzerland) with parent entity RLCRATES, S.L. (Spain). CEO Alan Sánchez leads the firm. CFT claims to be a Bybit strategic partner, giving traders access to 715+ cryptocurrency pairs — the largest selection of any prop firm in 2026. The firm survived the 2024–2025 crypto prop firm shakeout that collapsed 80+ competitors, maintaining operations and paying multiple documented payouts.
The FINMA warning (August 2024) is the central concern. Switzerland’s Financial Market Supervisory Authority issued a public warning specifically against CryptoFundTrader.com — a formal regulatory action that traders should research before purchasing. CFT’s Terms describe it as an “educational services” provider, which limits legal recourse if the firm disputes a payout. Dozens of positive testimonials exist, including traders reporting $47,500+ in total profits. The picture is genuinely mixed, and careful individual due diligence is required.
Four Evaluation Programs
| Program | Structure | Key Feature | News Trading | Min Days |
|---|---|---|---|---|
| 1-Phase | Single evaluation stage | Moderate drawdown, no time pressure | ✅ Allowed | 5 |
| 2-Phase | Two evaluation stages | Higher drawdown room, larger accounts | ✅ Allowed | 5 per phase |
| Instant | Skip to funded | No evaluation waiting period once profit met | ✅ Allowed | None |
| Ascend | Fast-track incentive | $4,200 scholarship on pass, no min days | ❌ 2-min restriction | None |
The Ascend program is CFT’s unique offering — pass the evaluation and claim a $4,200 scholarship immediately, with no minimum trading days. The tradeoff: news trading is restricted within 2 minutes of high-impact events, unlike the other programs. The Instant program removes the waiting period entirely — payouts are available as soon as profit objectives are met after the funded stage begins.
⚡ Expert Tip: The 2-Phase program offers the most forgiving drawdown structure and suits traders who want maximum room for error. If you plan to trade news events (NFP, FOMC, CPI), choose 1-Phase or 2-Phase — Ascend restricts news trading entirely. Read CFT’s current rulebook carefully before selecting, as program-specific terms can differ significantly.
How We Rate Crypto Fund Trader
| Criteria | Weight | Score | Notes |
|---|---|---|---|
| Payout Reliability | 35% | 3.0 / 5 | Multiple documented payouts including $47,500+ cumulative. But FINMA warning, “scholarship” payout framing, and vague termination clauses reduce confidence significantly. |
| Evaluation Fairness | 25% | 3.5 / 5 | Four programs with genuine variety. Ascend has no min days. News trading allowed on most programs. Vague “unrealistic trading” rule is a concern. |
| Pricing Value | 20% | 3.5 / 5 | Bybit access and 715+ crypto pairs at competitive prices. Ascend entry from $2,500 is accessible for crypto-specific funding. |
| Platform & Tools | 10% | 4.0 / 5 | MT5, MatchTrader, proprietary CFT platform, Bybit integration — strong multi-platform setup. 715+ pairs is industry-leading for crypto variety. |
| Support & Transparency | 10% | 2.5 / 5 | FINMA warning. “Educational platform” ToS framing. Non-disparagement clause. Community Discord with 24/7 support is positive. |
| Overall: 3.5 / 5 — FINMA warning pending resolution | |||
Pros and Cons
| ✅ Pros | ❌ Cons |
|---|---|
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Who Should Use Crypto Fund Trader?
CFT may suit you if: You’ve read the full Terms and Conditions and the FINMA warning and are comfortable with the risk profile. You specifically need 700+ Bybit crypto pairs — no other prop firm matches this selection. You want the Ascend no-min-days scholarship structure. You’ve verified multiple positive community payouts from traders you trust.
Look elsewhere if: You want the most transparent legal structure — use HyroTrader (Czech Republic EU registration, real Bybit execution) or BrightFunded (Netherlands, no FINMA flag). You want guaranteed payouts with verified platform-level track records — use FTMO or FundedNext. The FINMA warning alone is a sufficient reason to use a different crypto prop firm unless you’ve independently verified the current status of that warning.
⚡ Bottom Line: Crypto Fund Trader has genuine crypto-market strengths — 715+ Bybit pairs, four program types, 8–24 hour payouts, and verified multi-thousand-dollar payout testimonials. The FINMA warning from August 2024, “educational platform” ToS framing, scholarship payout structure, and vague termination clauses are serious transparency concerns. For most crypto traders, HyroTrader (EU-registered, real exchange execution, FINMA-clean) is the more defensible choice. If CFT is your preference, read the full Terms and Conditions, verify the FINMA warning status, and start with the smallest available account size.
📝 Reviewed by the CoinCodeCap Editorial Team — Our prop firm reviews are researched and written by analysts with direct experience evaluating funded trading programs, payout structures, and challenge rule sets across 20+ firms. All scores and comparisons are updated quarterly or when firms announce material changes.
FAQs
Is Crypto Fund Trader legit?
CFT has multiple verified trader payouts and survived the 2024–2025 prop firm shakeout. However, FINMA (Swiss Financial Market Supervisory Authority) issued a public warning against CryptoFundTrader.com in August 2024. CFT’s own Terms describe it as an “educational services” provider — not a prop trading firm. This matters legally: payouts called “scholarships” have different contractual standing than funding from a prop firm. Research the current FINMA warning status and read the full Terms before purchasing.
What is the Ascend program?
Ascend is CFT’s fast-track evaluation with no minimum trading days and a $4,200 scholarship reward on successful completion. News trading is restricted on Ascend — no trades within 2 minutes of high-impact news events. Other programs (1-Phase, 2-Phase, Instant) allow news trading without this restriction.
How many crypto pairs does Crypto Fund Trader offer?
715+ cryptocurrency pairs via its Bybit strategic partnership — the largest pair selection of any prop firm currently operating. This includes major coins (BTC, ETH, SOL), altcoins, and emerging tokens available on Bybit’s perpetual and spot markets.
What is the FINMA warning about?
FINMA (Eidgenössische Finanzmarktaufsicht — the Swiss Financial Market Supervisory Authority) published a public warning against CryptoFundTrader.com on August 23, 2024. FINMA warnings typically indicate a firm is operating in a manner that raises regulatory concerns in Switzerland. The warning’s specific scope should be verified directly on the FINMA website, as CFT has continued operating and paying traders since the warning was issued.
Related articles: HyroTrader Review | BrightFunded Review | FTMO Review | FundedNext Review
