Crypto Fund Trader Perpetuals

Crypto Fund Trader offers three ways to take its challenges, and only one of them is relevant to perps. Match-Trader and MetaTrader 5 accounts are CFD-style products with swap charges, whereas the Bybit route has a trader connect a personal Bybit account by API and trade a demo-capital sub-account on more than 550 crypto futures pairs. The firm's FAQ restricts that route to USDT crypto futures contracts, without using the word perpetual, and bans spot trading, options and USDC pairs, whose trades do not count toward the evaluation. Crypto Fund Trader states on its homepage that it is all demo, with no real capital involved, so a Bybit evaluation is a simulated exercise even though it runs through a real exchange's interface. The API key must stay active and unchanged for the whole evaluation; editing or deleting it invalidates the account, and an expired key pauses it.

Costs on the Bybit route belong to Bybit. Crypto Fund Trader says these accounts do not use traditional CFD swap fees and that positions may instead be subject to funding rates, set by Bybit, with no control or markup from the firm. Trading fees follow Bybit's native maker and taker structure and depend on the connected master account, and spreads and slippage depend on Bybit's liquidity. Its FAQ does not say whether funding counts toward the loss limits, though breaches are calculated on equity. Leverage is up to 1:100, depending on the instrument and on conditions Bybit provides, so there is no fixed per-coin figure to quote. Crypto Fund Trader adds no country restrictions of its own on this route, leaving traders responsible for Bybit's terms and its jurisdiction rules, and KYC on Bybit is not required for the demo evaluation.

Crypto Fund Trader's evaluation choices are a 1-Phase challenge with a 10% profit target, a 4% daily drawdown and a 6% trailing drawdown, or a 2-Phase challenge with targets of 8% then 5%, a 5% daily drawdown and a fixed 10% max drawdown. The daily figure is taken from the balance at 12:05 AM UTC. The 1-Phase trailing level follows the highest balance reached until it arrives at the initial balance, where it stops, and there is no deadline on either route. Add-ons can raise the daily limit to 6% or the max drawdown to 12%, and they are unavailable on carts containing a 1-Phase evaluation. Simulated funded allocation is capped at $300,000 per user.

Payout requests, which the firm calls scholarship rewards, open after at least 15 traded days or every 30 calendar days, or every 7 traded days with the Weekly Payouts add-on, and KYC must be approved first. Rails are bank transfer in EUR or USD, USDT on ERC20 or TRC20, Bitcoin and Ethereum. The live stage profit split is 80%, and a 90% add-on costs 20% of the evaluation price. News trading and overnight and weekend positions are allowed. High-frequency trading is not, a $10,000 limit applies to simulated profit per day or per trade, and hedging across a trader's own accounts is banned.