Cointracts

Cointracts is a crypto prop firm that sells 1-step and 2-step challenges on crypto assets, with funded accounts up to $100,000. It is run by Cointracts Prop FZ LLC in the United Arab Emirates. The firm leads with three selling points: no KYC, payouts that can be requested every 24 hours, and a profit split that its terms set at 80% and its payout guide at 90%. Challenges have no time limit, and trading runs 24/7 on over 175 crypto assets, according to its challenge guide.

The 2-step challenge comes in five sizes, from the $2,000 Star to the $100,000 Summit. Phase 1 needs an 8% profit target and phase 2 a 5% target, with a 5% daily drawdown and a 10% maximum drawdown measured from the initial balance. Each phase needs at least 3 trading days. The 1-step challenge has a 10% profit target, an 8% maximum total drawdown and no minimum trading days. Once funded, the limits are 5% daily and 8% overall. The Cointracts rules most likely to cost a trader money apply at payout. The largest single day's profit must be under 50% of all positive-day profit, and open margin above 70% of the balance triggers a payout penalty. EAs, algos and cross-account copy trading are not allowed. Hedging is prohibited across accounts, but cross-asset hedging inside one account is allowed in the demo stage. News trading, overnight holds and weekend holds are permitted. Accounts inactive for more than 30 days may be closed.

Payouts are paid in USDT on ERC-20, BEP20 or TRC-20. The minimum is $100, and Cointracts says withdrawals are processed within 4 to 24 hours. Challenges are paid in crypto or by UPI in INR. The challenge fee is refunded after a trader passes both phases and reaches the first profit split day. It is not refunded if the challenge is failed. This profile lists no challenge prices because the fees differ between Cointracts' own pages. The site footer says Cointracts does not serve jurisdictions subject to FATF, EU or UN sanctions.