Who is behind each firm
Crypto Fund Trader is led by CEO Alan Sanchez and operates from its headquarters in Zug, Switzerland, a well-known global hub for financial and blockchain technology. This geographical choice suggests a strategy aligned with the regulatory standards and business environment of the Swiss crypto ecosystem. On the other hand, My Funded Perps is based in Delaware, United States, under the corporate name Funding Perpetuals Holdings, Inc. While its CEO is not explicitly named in the records, the firm is backed by the established team behind My Funded Futures, although it operates as a legally distinct entity. This distinction is important as it leverages the experience of an existing group while maintaining a specialized focus on perpetual markets.
How long they have been around
The difference in operational history between the two firms is significant. Crypto Fund Trader was founded in 2022, providing it with several years of market presence and a documented history of interactions with traders. This tenure is reflected in its approximately 1,100 Trustpilot reviews, which offer a public window into its service consistency. My Funded Perps is a much newer entrant, with a foundation date of 2026 according to the available records. As a recent arrival, it does not yet have a volume of public reviews to analyze, meaning its reputation is currently being built on the foundation of its parent team’s previous projects rather than its own long-term independent history.
What they promise and what backs it
Crypto Fund Trader bases its value proposition on a direct connection to a major external exchange, Bybit. By requiring traders to connect via API keys and subaccounts, the firm ensures that the execution environment and fees are those of a top-tier global exchange, which adds a layer of transparency to the trading conditions. Their rules allow for a variety of styles, including news trading and weekend holding for crypto futures. My Funded Perps, conversely, promises a high-tech proprietary platform with an integrated REST API and WebSocket support for automated agents. Their risk rules are quite specific, such as a 3% daily drawdown based on start-of-day equity and limits on order frequency (30 per minute) to prevent high-frequency trading. While CFT relies on the infrastructure of Bybit, MFP relies on its own custom-built terminal and simulated execution based on real market data from multiple sources like Hyperliquid and Binance.
How they handle your money
The payout structures reveal different operational philosophies. Crypto Fund Trader offers traditional payout methods such as bank transfers and cryptocurrency, with a standard frequency of 15 to 30 days, which can be reduced to 7 days with an optional add-on. This is a standard approach for firms with a established operational cycle. My Funded Perps offers a more aggressive payout schedule, allowing one request per New York calendar day for most plans, and on-demand payouts for its Elite accounts. However, MFP uses Rise as its primary payout method and imposes a $100,000 lifetime withdrawal cap across all accounts. CFT does not list a lifetime cap but limits the standard allocation to $300,000, showing a different approach to managing long-term risk and trader scaling.
Operational maturity
Crypto Fund Trader shows signs of a mature operational structure through its diverse payment options, which include Card, PayPal, ApplePay, and GooglePay, indicating a robust integration with global payment processors. Their Swiss residency and years in the market suggest a stable corporate setup. My Funded Perps, while newer, demonstrates technical maturity through its advanced API offerings and the inclusion of diverse asset classes beyond crypto, such as forex, indices, and commodities. The presence of a points reward program and monthly competitions in MFP indicates a focus on community engagement and user retention, which is common in newer firms looking to rapidly build a loyal user base.
What the record does and does not tell you
The track record provides a factual basis for comparing these firms, but it has limits. For Crypto Fund Trader, the 1,100 reviews and 2022 foundation date show a path of survival and growth, but they do not guarantee future performance or individual success. For My Funded Perps, the lack of independent reviews and its very recent foundation mean that the firm is still in its "proving phase," regardless of the experience of its founding team. These data points describe the current legal and operational standing of the companies but cannot predict the long-term solvency or the subjective quality of the user experience for every trader.
Frequently asked questions
Which firm is more affordable for a trader starting with a $10,000 account, Crypto Fund Trader or My Funded Perps?
My Funded Perps is generally more affordable for a $10,000 account, as its "Select" plan costs $40 and its "Prime" plan costs $60. In comparison, Crypto Fund Trader’s 1-Phase $10,000 evaluation is priced at $80, and its 2-Phase version costs $110. While MFP offers a lower entry price, traders should note that the Select plan has a tighter 3% maximum drawdown compared to the 6% maximum drawdown offered by Crypto Fund Trader.
How do the payout frequencies and methods compare between Crypto Fund Trader and My Funded Perps?
My Funded Perps offers much higher frequency, allowing one payout request per New York calendar day for its Select, Prime, and Signature plans, and on-demand payouts for Elite accounts, primarily through Rise. Crypto Fund Trader follows a more traditional schedule, with payouts every 15 traded days or 30 calendar days, though this can be shortened to 7 days with a paid add-on. CFT supports both Crypto and bank transfers, providing more variety in withdrawal channels compared to MFP's reliance on Rise.
Which firm offers a wider variety of trading platforms and instruments, Crypto Fund Trader or My Funded Perps?
My Funded Perps offers a wider variety of instruments, including Crypto, Stocks, Indices, Commodities, and Forex, all traded through its proprietary web terminal. Crypto Fund Trader focuses exclusively on Crypto futures (over 715 pairs) and requires the use of a personal Bybit account connected via API. While MFP provides more asset classes, CFT’s model provides the transparency of using a major third-party exchange like Bybit rather than a proprietary simulated environment.
Do Crypto Fund Trader and My Funded Perps have different rules regarding the use of Expert Advisors and automation?
Both firms allow automation but with different technical requirements and restrictions. My Funded Perps requires all bots to connect through their official REST API, WebSocket, or MCP server and strictly prohibits high-frequency trading (more than 30 orders per minute). Crypto Fund Trader allows Expert Advisors for normal trading but prohibits strategies like tick scalping or latency arbitrage, and since it connects to Bybit, the trader must also adhere to the limits and conditions available on that specific exchange.
