CarrotFunding
Crypto- Account Size
- 100K
- Profit Split
- 80%
- Evaluation
- 1 Step
- Starting Price
- $799
- News Trading Allowed
- Weekend Holding Allowed
- Consistency Rule: 50%
- Payouts: On Demand
- No KYC
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Everything you need to know about crypto prop firms, evaluations, and getting funded.
A proprietary trading firm (prop firm) provides retail traders with large amounts of capital to trade the financial markets. Instead of risking your own money, you pay a small upfront fee to take an evaluation. If you pass and prove you can manage risk, you receive a funded account and keep up to 80-90% of the profits you generate.
A 1-Step Evaluation requires you to hit a single profit target (usually 8-10%) to get funded. It is faster but often has tighter drawdown rules. A 2-Step Evaluation requires you to pass two phases (e.g., Phase 1: 8% target, Phase 2: 5% target). While it takes longer, 2-Step challenges usually offer much larger drawdown limits and more breathing room for swing traders.
Static Drawdown is calculated based on your initial starting balance and never moves. It is widely considered the best and most forgiving type of drawdown. Trailing Drawdown moves up as your account equity reaches new highs, meaning if you make profits and then lose them, you could hit your limit and fail the challenge even if your account balance is still positive.
It depends on the firm. Traditional prop firms strictly require KYC (ID verification) before you can receive your first payout. However, modern Web3 and crypto-native prop firms (like CarrotFunding or Hypernova) often operate fully on-chain via smart contracts and do not require KYC to trade or receive crypto payouts.