Who is behind each firm
The backing of a prop firm often begins with its legal and geographical footprint. Crypto Fund Trader is established in Zug, Switzerland, a global hub for financial and blockchain innovation. It is led by its CEO, Alan Sanchez, providing a public face to the operation. In contrast, Cashed is a UK-based entity, Cashed Ltd, registered in Salisbury. While Cashed operates with a corporate structure, the provided data does not name a specific executive leader, focusing instead on its identity as a technology-driven firm for perpetuals and prediction markets. Both firms operate within jurisdictions known for financial activity, but Switzerland's specific reputation for crypto-legal clarity often provides a different level of perceived institutional stability compared to the more flexible UK corporate environment.
How long they have been around
Experience in the market is a key differentiator here. Crypto Fund Trader has been active since 2022, which in the volatile world of crypto prop trading represents a significant period of survival and adaptation. This longevity is supported by a substantial volume of public feedback, with approximately 1,100 reviews on Trustpilot, suggesting an established relationship with its user base. Cashed, according to the data, is a much newer entrant with a foundation date of 2026. This indicates that Cashed is either in its infancy or represents a new generation of firms, meaning its track record is still being built and lacks the multi-year history of payouts and system stability that its Swiss counterpart has already demonstrated.
What they promise and what backs it
The promises made by each firm reflect their different stages of maturity. Cashed offers an extremely low barrier to entry, with accounts starting at just $5 for a $400 balance, and a "Build Your Own" plan that allows for high customization. Their risk rules are notably simple, using a static drawdown that does not trail profits, which is backed by a proprietary platform designed to integrate prediction markets. Crypto Fund Trader, meanwhile, promises a more professional-grade environment. Their evaluations are backed by a direct connection to Bybit via API, allowing traders to use a top-tier exchange. While their entry price is higher—$40 for a $5,000 account—their promises are backed by a documented history of operations and the ability to offer up to 100:1 leverage, a figure significantly higher than Cashed’s 10:1 limit.
How they handle your money
Financial operations reveal the technical maturity of both companies. Cashed is deeply integrated into the Solana ecosystem, paying out exclusively in USDC on that network. This choice suggests a focus on speed and low transaction costs, though it limits users to a single crypto rail. They also offer an "Instant" payout feature after a 1% profit, which is a bold liquidity promise for a new firm. Crypto Fund Trader handles money through more traditional and diverse channels, offering both Crypto and Bank Transfers for payouts, and accepting a wide range of payment methods including Cards, PayPal, and ApplePay. Their payout frequency is more conservative, requiring 15 traded days or 30 calendar days unless an add-on is purchased, reflecting a more traditional risk management approach to liquidity.
Operational maturity
The operational maturity of Crypto Fund Trader is evidenced by its integration with external brokers like Bybit and its complex system of "add-ons" that allow traders to modify their risk and reward parameters for a fee. This reflects a firm that has refined its product over several years. Cashed shows its maturity through a different lens: gamification and internal technology. They offer a points reward program (XP) that can be used to purchase accounts, and they do not require identity documents or selfies for verification, relying instead on background security and fraud checks. While Cashed is innovative and tech-focused, Crypto Fund Trader’s maturity is defined by its scale, its verified review count, and its more conventional financial infrastructure.
What the record does and does not tell you
A track record is a history of survival, not a guarantee of future solvency. The data shows that Crypto Fund Trader has successfully navigated the market since 2022 and has a public leadership team, which offers a layer of accountability. However, even a thousand reviews cannot predict how a firm will handle future market black swans. On the other hand, Cashed’s lack of a long-term record or a named CEO might be seen as a risk by conservative traders, yet its innovative model and extremely low entry costs suggest a firm designed for a new era of decentralized trading. This comparison tells you where they come from and how they currently operate, but the ultimate reliability of any prop firm is a continuous test of their daily performance.
Frequently asked questions
Which firm is more affordable for a beginner, Cashed or Crypto Fund Trader?
Cashed is significantly more affordable for beginners, offering entry-level accounts for as little as $5. In comparison, the cheapest evaluation at Crypto Fund Trader starts at $40 for their 5K 1-Phase or 2-Phase plans. Cashed also allows for more granular capital choices, whereas Crypto Fund Trader follows a more traditional tiered pricing structure based on fixed account sizes.
Which firm offers higher leverage for crypto trading, Cashed or Crypto Fund Trader?
Crypto Fund Trader offers much higher leverage, reaching up to 100:1 depending on the instrument and Bybit's limits. Cashed provides a more restricted leverage model, offering up to 10:1 on major assets like BTC, ETH, and SOL, and reducing to 5:1 or 2:1 for other cryptocurrencies. This makes Crypto Fund Trader more suitable for traders seeking high capital efficiency.
What are the differences in payout methods between Cashed and Crypto Fund Trader?
Cashed focuses exclusively on the crypto ecosystem, paying out in USDC via the Solana network. Crypto Fund Trader offers a broader range of options, allowing traders to receive their profits through either Crypto or Bank Transfers. This makes Crypto Fund Trader more flexible for those who prefer traditional banking rails, while Cashed is optimized for users already settled in the DeFi space.
Which firm has a more established reputation, Cashed or Crypto Fund Trader?
Crypto Fund Trader has a more established reputation based on its foundation in 2022 and its 1,100 Trustpilot reviews. It also features a public CEO, Alan Sanchez. Cashed is a much newer entity founded in 2026 with a proprietary platform and no listed public reviews in the data, making it a less proven option in terms of long-term market presence.


















