Crypto Prop Firms Exposed: Perpetual Futures vs Crypto CFDs

The term 'crypto prop firm' encompasses two distinct products that operate differently. One offers crypto perpetual futures, displays an order book with market depth, and settles profits in stablecoin. The other includes crypto CFDs within a forex account, alongside currencies, metals, and indices.

Most firms selling a crypto prop account list crypto as one CFD asset class at 1:2 or 1:1 leverage inside a platform built for currency pairs. They advertise a headline leverage figure that does not apply to crypto.

The difference between the two products is significant, and it's essential to understand which type of product you're getting before signing up. Crypto perpetual futures offer a more traditional exchange-like experience, while crypto CFDs are built into a forex account.