Crypto prop firm stop-loss rules have changed shape. Of the 20 firms we track that state a position on the subject, none now obliges you to attach a stop-loss order to every trade. Six firms instead put a ceiling on what one position can lose or put at risk, anywhere from 1% to 3% of the account. That cap is a different thing from a stop order: it limits the result, not the method, and slippage or a weekend gap can push a well-placed stop past it. This page explains how each cap is measured, works the sizing math on BTC and ETH trades, and lists the firms with no per-trade limit at all.
What crypto prop firm stop-loss rules require today
Two kinds of rule tend to get lumped together:
- A stop-loss requirement obliges you to place a protective order, sometimes within a set time of opening. This was common in forex and futures rulebooks.
- A per-trade loss cap puts a percentage ceiling on the damage any one position can do. You can manage it however you like, but if the loss goes past the line, the firm counts a violation.
HyroTrader was the last crypto firm to demand a stop, which had to be placed within five minutes of entry. It dropped that in 2026, and its October 2026 relaunch also scrapped the 3% single-trade ceiling that had replaced it, leaving the daily and overall floors to do all the work.
How a per-trade cap is calculated
- Allowed loss per position = the firm's base figure × cap percentage
- Biggest position you can open = allowed loss ÷ stop distance in percent of entry
Worked BTC example at Mubite. Mubite caps a single trade at 3% of equity at the moment it opens. On a $50,000 account with equity at $50,000, that is $1,500. A BTC long with a stop 2.5% below entry can therefore be at most $60,000 of notional. At 10x leverage that needs $6,000 of margin; at Mubite's 1:100 it needs just $600. Leverage changes the margin, not the risk.
Because Mubite's basis is entry equity, the cap moves with the account. If equity drops to $47,000, the next trade's cap is $1,410; at $53,000 it is $1,590. The cap is fixed for the life of each trade once it opens.
Fixed-basis caps behave differently. Dolvero's 2% applies to the starting balance, so a $25,000 account keeps a $500 limit per position whatever happens to equity. FundingPips' 1% is taken on account size, so on $100,000 the largest losing trade should stay under $1,000.
Closed loss or open loss?
| Basis | Firms | What it means for a wick |
|---|---|---|
| Realized (on close) | Mubite, Dolvero, FundingPips, RebelsFunding | A trade that dips 5% and recovers to close 1% down is fine |
| Open (while running) | Fundedbit (2% of balance per pair), Funded Trader Markets Shield (1% floating) | The dip itself breaches, wherever the trade closes |
Mubite adds a twist: it checks each partial close and the cumulative net result of the trade. On a $20,000 account the cap is $600. Three partial exits at −$150, −$250 and −$230 each look harmless, but together they reach −$630 and break the rule.
How a 24/7 market pushes losses past the stop
A stop order is a request, not a price guarantee; leave a gap between where you place it and where the cap sits.
Worked ETH example. A $20,000 Fundedbit account has a 2% open-risk cap per pair, so $400. You buy $10,000 of ETH with a stop 3.5% below entry, for a planned loss of $350.
| Moment | What happens | Result vs $400 cap |
|---|---|---|
| Friday evening | Stop sits 3.5% down; planned loss $350 | $50 of slack |
| Saturday, thin book | ETH gaps 5% in one candle; stop fills late | $500 loss: breach |
| Each funding settlement | Assume a 0.01% rate per settlement on $10,000 | $1 each, three times a day on Bybit |
| Low-cap altcoin instead | Same stop, fill lands 1.5% lower | Planned $350 becomes about $500 |
Three things drive it. Weekends count, and over the twelve months ending 29 September 2026 bitcoin had 16 sessions with a move of 5% or more, weekends among them. Funding on perpetuals is debited on a timer: every eight hours on Bybit and every hour on Hyperliquid. And thin order books on smaller coins widen fills, which is why HyroTrader restricts small-cap coin exposure to one twentieth of starting balance, leverage counted, even though it no longer caps a single trade.
The five kinds of per-trade rule
| Kind | Firms |
|---|---|
| Mandatory stop-loss order | None at present |
| Cap on realized loss per position | Mubite 3% of entry equity; Dolvero 2% of starting balance; RebelsFunding 1.5% on funded accounts; FundingPips 1% of account size (policy, reviewed) |
| Cap on open risk | Fundedbit 2% per pair; Funded Trader Markets 1% floating (Instant Plus, 2-Step Plus) |
| Exposure limit instead | HyroTrader funded: margin up to 25% of initial balance, notional up to 2×; Cointracts 70% total margin; Breakout and Kraken Prop per-market size limits; Crypto Fund Trader Break $100K: 3% of highest balance |
| No per-trade rule | Breakout, HyperPNL, HyroTrader, Klein Funding, Kraken Prop, Propr, SizeProp, Upscale, Velotrade, Crypto Fund Trader standard models |
The consequence differs as much as the percentage. At Dolvero a single breach closes the account. Mubite logs violations during a once-a-day review at 23:59 GMT+1. Funded Trader Markets' Shield closes positions and trims the profit split rather than closing the account. FundingPips reviews breaches under its Responsible Trading Policy and may warn, restrict or terminate. In practice the multi-asset firms enforce softly, while a crypto-first breach usually costs you the account.
BrightFunded, E8 Markets, FTMO, Goat Funded Trader, Mubite and RebelsFunding each say in their own help pages that a stop is optional. Bitfunded, PropW, The5ers and AquaFunded publish nothing on the subject in the pages we read.
Six habits for staying under a cap
- Size from the cap. Divide the cap by your stop distance. A $300 cap with a 2% stop allows a $15,000 BTC position, regardless of the leverage on offer.
- Leave slippage room. Put the stop where the planned loss is around 80% of the cap, not 100%.
- Know the basis. A cap on entry equity shrinks after losses; a cap on the starting balance does not.
- Count funding. If you hold a perpetual through a settlement, subtract the expected debit from your room.
- Add up partial exits. At Mubite, partials are judged together.
- Read the penalty. A first-breach termination calls for wider margins than a rule that only trims a split.
The position size calculator applies any firm's cap and stop distance for you.
Firms with no per-trade cap
Ten firms leave single-trade risk entirely to the daily and maximum floors: Breakout, HyperPNL, HyroTrader, Klein Funding, Kraken Prop, Propr, SizeProp, Upscale, Velotrade, and Crypto Fund Trader on its standard models. That freedom suits scalpers and traders who concentrate risk in one setup, but it also means a single position can use the whole day's allowance, so the daily drawdown rules do the work a cap would. See how this plays out in the Breakout review and the HyroTrader review, and how Mubite's cap fits its wider rulebook in the Mubite review. Every rule type sits side by side on the rules hub.
Frequently asked questions
Do I have to use a stop-loss at a crypto prop firm?
No. Among the 20 firms that state a position, none requires a stop-loss order. Using one is still sensible, and six firms cap the loss on a single trade.
Which firms limit a single position's loss?
Mubite (3% of entry equity), Dolvero (2% of starting balance), Fundedbit (2% open risk per pair), RebelsFunding (1.5% on funded accounts), FundingPips (1% under its policy) and Funded Trader Markets (1% floating on two plans).
Can slippage cause a per-trade breach even with a stop in place?
Yes. A stop fills at the next available price, so a weekend gap or a thin altcoin book can push the realized loss past the cap. Leave a margin between stop and cap.
Did HyroTrader remove its stop-loss rule?
Yes. The mandatory stop went in 2026, and the October 2026 relaunch also ended the 3% single-trade ceiling. Only the daily and overall drawdown limits remain.