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Comparison · Crypto

Track record: Cashed and Crypto Fund Trader

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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.

Field by field

Cashed and Crypto Fund Trader, side by side

Rules, plans, platforms, leverage, commissions and payouts of both, with the option to see only what differs.

Head to head

42 differences

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Headquarters

Registered office: 9 St. Clair Road, Salisbury, England, SP2 8AE

Bahnhofstrasse 21, 6300, Zug, Switzerland

Country

United Kingdom

Switzerland

Foundation

2026

2022

CEO
No data

Alan Sanchez

Assets
Crypto
Crypto
Refund
No

No refund for failing or breaching an account. Exceptions for duplicate charges, payment errors, non-delivery and applicable statutory rights.

No
Payout Fee

Cashed intends to cover standard network fees where practical; exceptional costs disclosed in advance

No data
Platforms
Propietary Platform
ByBit
Payout Methods
Crypto
Crypto, Transfer
Payment Methods
Crypto
Card, Crypto, PayPal, ApplePay, GooglePay
Payout Frequency

Standard, Flex and Build Your Own: on demand, with closed net profit and no open positions or orders. Instant: first payout after 1% closed net profit, without a waiting period; then every 48 hours. One pending request at a time. Shared-account payouts go to the owner.

1-Phase and 2-Phase: after at least 15 traded days or every 30 calendar days; the Weekly Payout add-on reduces this to 7 traded days. Break: on demand with no minimum traded days after passing, paying the activation fee and meeting the 40% consistency rule. Instant: Withdrawal & Upgrade at 10% profit with no minimum days; earlier withdrawals follow the standard conditions.

Crypto Weekend Trading
Yes

While the market remains tradable

Yes
Maximum Withdrawal

Instant: first gross distribution capped at 5% of starting capital

No data
Minimum Withdrawal

20 USDC net to the trader

No data
Brokers
No data
Bybit
Crypto

BTC, ETH and SOL: up to 10:1. Major crypto: up to 5:1. Others: 2:1. The lower account or market limit applies.

Up to 100:1, depending on the instrument and the limits available on Bybit.

Commission
No data

Bybit evaluations use the native fees of the trader's connected Bybit account. Fees vary by trading pair, maker/taker status and volume tier. Crypto Fund Trader does not add a markup.

Swap Free
Yes

Recurring funding payments are not currently debited or credited; displayed rates are reference data

No
Account Reset

The rulebook provides for account resets and upgrades; only the owner purchases them on shared accounts. Pricing is not published.

Yes

Resets apply only to suspended Final Stage accounts from 1-Phase and 2-Phase evaluations. Every trade must have used a stop loss, no trade may have risked more than 2%, and the reset must be requested within 30 calendar days.

Instant
Yes
Yes
One Step
Yes
Yes
Account scaling
Yes

Level 1: 3 payouts and 10% lifetime net profit, capital at 125% of its original amount and split up to 85%. Level 2: 6 payouts and 20%, capital at 150% and split up to 90%. Each qualifying payout may require a 1% gross distribution of current capital. $500,000 aggregate cap; a higher starting split is not reduced.

Yes

Instant accounts can double in size after reaching 10% simulated profit and requesting a Withdrawal & Upgrade. They can scale up to $1,280,000.

Max Drawdown

Static against starting capital and enforced on equity, including floating losses. It does not rise with profits or reset after payouts. Touching the floor breaches the rule.

1-Phase and Break use a balance-based trailing loss limit that locks at the initial balance after sufficient profit. 2-Phase and Instant use fixed maximum-loss limits. Exact percentages are shown in each challenge.

Daily Drawdown

At 00:00 UTC, the percentage applies to the greater of starting capital and closed balance. Floating losses and costs count. A paid payout resets the allowance for the rest of the day using the remaining balance; the withdrawal is not a trading loss.

Daily drawdown is calculated from equity using the account balance at 00:05 UTC. Break accounts do not have a separate daily-loss limit. Exact limits are shown in each challenge.

Max Allocation
500,000

Standard Final Stage allocation is capped at $300,000. Instant accounts are separate and can scale to $1,280,000. Break accounts also have a separate allocation limit.

Maximum Accounts

Unlimited evaluations; up to 2 active Instant accounts. The funded-capital cap includes Instant, scaling and shared capital attributed to each member.

No data
Merge Accounts
No
No
Maximum Trading Days

No evaluation time limit; inactivity rules apply

Unlimited.

Minimum Trading Days

0 days in evaluation and funded accounts

No minimum trading days to pass 1-Phase, 2-Phase or Break evaluations. Instant has no evaluation phase.

Points Reward Program

100 XP = $1 account credit. Accounts with up to $10,000 capital may be paid entirely with XP. Above that: up to 50% of the price after coupons. Not withdrawable as cash.

No data
Add-ons
No data
Yes

1-Phase: Weekly Payout (+20%) and 90% Profit Split (+20%). 2-Phase: Weekly Payout (+20%), 90% Profit Split (+20%), 6% Daily Drawdown (+15%) and 12% Maximum Drawdown (+25%).

Two Steps
No data
Yes
Profit Split
No data

1-Phase, 2-Phase and Break start at 80%; 1-Phase and 2-Phase can select a 90% add-on. Instant starts at 50% and increases through its scaling levels.

Free Trial
No data
No
Expert Advisor (EA)
Yes

Bots and algorithmic execution allowed, subject to API limits; spam, overload and latency exploitation prohibited

Limited

Expert Advisors and automation are allowed when used for normal trading. EAs designed for high-frequency trading, tick scalping, arbitrage, reverse trading or exploitation are prohibited.

VPN
Limited

Privacy or security use allowed; not to bypass restricted jurisdictions, sanctions, bans or account controls

Yes
Hedging
Limited

Within the same account where supported by the engine. Coordinated opposite positions across accounts to guarantee passing or payouts prohibited.

No

Hedging and opposite positions across accounts are prohibited. To reverse direction on the same instrument, existing opposite positions must first be closed and the applicable timing rules respected.

Requires Stop Loss
No
No
Scalping
Yes

No minimum holding time; exploiting stale prices prohibited

Limited

Normal scalping is allowed. Tick scalping, high-frequency trading and latency exploitation are prohibited.

Stacking / Layering (DCA)
Yes
Yes
Martingale
Yes
No data
Maximum Risk Limit
No

No fixed risk-per-trade percentage or per-position margin-percentage cap; available margin, leverage, market limits and account-loss limits still apply. Up to 100 simultaneous positions in CAS-1.0.

Yes

Simulated profit is capped at $10,000 per trading day and per trade. Trades closed in parts or opened together as one strategy may be treated as a single trade.

Copy Trading
Limited

Between owned accounts and through the authorised built-in copier. One source per destination, no chains; unavailable on shared accounts. Never share credentials.

Limited

Break evaluations may be copied only between the same trader's own Break accounts. Copy trading is prohibited in Break Final Stage and between different traders, third parties or coordinated accounts.

News Trading
Yes
Yes
Inactivity Rule

Possible closure after 90 consecutive days without trading in evaluation, funded and Instant accounts

No data
Consistency Rule
No
Limited

Only Break Final Stage accounts apply a consistency rule: no single trading day may represent more than 40% of total profits. It is checked only when requesting a payout and does not breach the account.

Hold Weekend
Yes

Overnight and weekend holding allowed while the market remains tradable

Yes

Crypto futures trade 24 hours a day, 7 days a week, and positions may remain open overnight and over weekends.

Prohibited Strategies

Latency, stale-price, technical-error or impossible-fill exploitation; coordinated risk-free cross-account hedging, abusive account farming, wash trading, spoofing, manipulation, API-limit evasion and third-party management outside authorised features.

High-frequency trading, tick scalping, latency or price-feed exploitation, arbitrage, gambling or all-in trading, abusive hedging, reverse trading across accounts, coordinated trading, unauthorized deposits into the Bybit subaccount, modifying or disconnecting the API, spot trading, options and non-USDT pairs are prohibited.

Overnight positions
No data
Yes
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