Crypto Fund Trader — rules, explained
The numbers below are the same dataset PAPA's live compliance engine runs on —
5 programs (3 evaluation), each with its
verification date and sources.
⚠ Prop firms change rules often and promos are constant. Every figure below carries the date we
last verified it — treat your firm dashboard as the final word, and tell us if something moved.
1-Phase Evaluation (Bybit) Evaluation
| Profit target(s) | 10% |
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| Daily loss limit | 4% |
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| Max overall loss | 6% (trailing) |
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| Min trading days | 5 |
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| Consistency rule | none |
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10% target / 4% daily / 6% TRAILING max loss / 5 min days. The trail is 6% of the INITIAL balance measured from the highest balance, and it locks at the initial balance once reached (CFT FAQ: $100,000 start → floor $94,000; at $107,000 the floor reaches $100,000 and no longer trails). Breach is on equity. Was wrongly 'static' until 2026-10-05. Min-days is disputed between CFT's own pages (5 vs 0). Trailing basis: closed_balance - the floor follows the account's highest CLOSED balance, not the intraday equity high (CFT FAQ 2026-10-18: 'follows the account's highest balance reached', 'Drawdown breaches are calculated based on equity'; Michael 18/10 ark 64 beslutning 1 a). Payout timing (CFT FAQ https://cryptofundtrader.com/faq/, read 2026-10-17): 'You can request a scholarship reward after trading for at least 15 days, or alternatively, every 30 calendar days'. first_payout_after_days=15 is 15 TRADED days; payout_interval_days=30 is 30 CALENDAR days. PAPA counts the 15 as calendar days from the first trade, so on an account with days without trades it can show the first payout as possible before CFT does. Weekly Payouts add-on: every 7th traded day - set the account's payout_interval_override_days to 7. KYC must be approved before any payout.
Verified 2026-10-18 · source · source · source
2-Phase Evaluation (Bybit) Evaluation
| Profit target(s) | 8% → 5% |
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| Daily loss limit | 5% |
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| Max overall loss | 10% (static) |
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| Min trading days | 5 |
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| Consistency rule | none |
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The 5-trading-day minimum does not need to be consecutive. Payout timing (CFT FAQ https://cryptofundtrader.com/faq/, read 2026-10-17): 'You can request a scholarship reward after trading for at least 15 days, or alternatively, every 30 calendar days'. first_payout_after_days=15 is 15 TRADED days; payout_interval_days=30 is 30 CALENDAR days. PAPA counts the 15 as calendar days from the first trade, so on an account with days without trades it can show the first payout as possible before CFT does. Weekly Payouts add-on: every 7th traded day - set the account's payout_interval_override_days to 7. KYC must be approved before any payout.
Verified 2026-07-05 · source · source
2-Phase Evaluation (MT5) Evaluation
| Profit target(s) | 10% → 5% |
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| Daily loss limit | 5% |
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| Max overall loss | 10% (static) |
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| Min trading days | 5 |
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| Consistency rule | none |
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CFT's 2-Phase Evaluation on MT5 (servers 'RLCrates-Live'). Loss frame 5 % daily from the day's starting balance (reset 12:05 AM UTC, measured in PAPA) / 10 % static. The 5-day minimum is carried over from CFT's published 2-Phase rules and has not been checked on MT5 specifically. Payout timing (CFT FAQ https://cryptofundtrader.com/faq/, read 2026-10-17): 'You can request a scholarship reward after trading for at least 15 days, or alternatively, every 30 calendar days'. first_payout_after_days=15 is 15 TRADED days; payout_interval_days=30 is 30 CALENDAR days. PAPA counts the 15 as calendar days from the first trade, so on an account with days without trades it can show the first payout as possible before CFT does. Weekly Payouts add-on: every 7th traded day - set the account's payout_interval_override_days to 7. KYC must be approved before any payout.
Verified 2026-09-23 · source
Funded Account — 1-Phase track Funded account
| Profit target(s) | — (funded/instant) |
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| Daily loss limit | 4% |
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| Max overall loss | 6% (trailing) |
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| Min trading days | — |
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| Consistency rule | none |
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The funded (live) account after passing CFT's 1-Phase evaluation: 4% daily / 6% TRAILING drawdown that stops moving once the floor reaches the initial balance (breakeven lock), no targets. First payout after 15 days, then 15-day cycles; 80% split, scalable to 90%. IDENTITY: CFT is operated by RLCrates, S.L. — its MT5 servers are named 'RLCrates-Live', so an RLCrates MT5 account IS a Crypto Fund Trader account. The '15-day cycles' above are from 2026-07-12; the FAQ read 2026-10-17 (below) says every 30 calendar days, and that is what PAPA uses. Trailing basis: closed_balance - the floor follows the account's highest CLOSED balance, not the intraday equity high (CFT FAQ 2026-10-18: 'follows the account's highest balance reached', 'Drawdown breaches are calculated based on equity'; Michael 18/10 ark 64 beslutning 1 a). Payout timing (CFT FAQ https://cryptofundtrader.com/faq/, read 2026-10-17): 'You can request a scholarship reward after trading for at least 15 days, or alternatively, every 30 calendar days'. first_payout_after_days=15 is 15 TRADED days; payout_interval_days=30 is 30 CALENDAR days. PAPA counts the 15 as calendar days from the first trade, so on an account with days without trades it can show the first payout as possible before CFT does. Weekly Payouts add-on: every 7th traded day - set the account's payout_interval_override_days to 7. KYC must be approved before any payout.
Verified 2026-10-18 · source · source
Funded Account — 2-Phase track Funded account
| Profit target(s) | — (funded/instant) |
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| Daily loss limit | 5% |
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| Max overall loss | 10% (static) |
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| Min trading days | — |
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| Consistency rule | none |
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The funded (live) account after passing CFT's 2-Phase evaluation: 5% daily (balance-based, resets 12:05 AM UTC) / 10% static, no targets. First payout after 15 days on the funded account, then 15-day cycles; 80% profit split, scalable up to 90%. IDENTITY: CFT is operated by RLCrates, S.L. — CFT MT5 accounts connect to servers named 'RLCrates-Live', so an RLCrates MT5 account IS a Crypto Fund Trader account. CFT funded accounts run on MT5, Match-Trader or Bybit-style platforms depending on the product. The '15-day cycles' above are from 2026-07-12; the FAQ read 2026-10-17 (below) says every 30 calendar days, and that is what PAPA uses. Payout timing (CFT FAQ https://cryptofundtrader.com/faq/, read 2026-10-17): 'You can request a scholarship reward after trading for at least 15 days, or alternatively, every 30 calendar days'. first_payout_after_days=15 is 15 TRADED days; payout_interval_days=30 is 30 CALENDAR days. PAPA counts the 15 as calendar days from the first trade, so on an account with days without trades it can show the first payout as possible before CFT does. Weekly Payouts add-on: every 7th traded day - set the account's payout_interval_override_days to 7. KYC must be approved before any payout.
Verified 2026-07-12 · source · source