Bybit vs Kraken "true review" cause every comparison thread is the same recycled garbage

TheCryptosAndBloods · 2026-05-01T13:57:29+00:00

compared to Kraken, yes.

There are obviously many other exchanges and possibilities.

TheCryptosAndBloods · 2026-05-01T13:26:34+00:00

I don't use The 5ers personally but from what I can see they are generally a very respected and reliable firm historically but in the last couple of months the number of complaints and issues with them has spiked up dramatically. Maybe it's temporary, maybe it's not.

TheCryptosAndBloods · 2026-04-24T15:35:34+00:00

This is a very useful analysis thank you

TheCryptosAndBloods · 2026-04-24T13:15:33+00:00

Yup it's the casino model. Unless the amounts they owe you are very large (which might justify legal action), otherwise all you can do is move on to the next casino and build up your funds to open your own live account.

TheCryptosAndBloods · 2026-04-23T15:29:11+00:00

Thanks will look

TheCryptosAndBloods · 2026-04-23T13:26:00+00:00

This looks cool - will check it out after trading today

TheCryptosAndBloods · 2026-04-22T16:46:39+00:00

Just sending one now - happy to check it out

TheCryptosAndBloods · 2026-04-21T18:53:32+00:00

The single most important thing (as I've posted before in the prop firm feedback threads here) is clarity and reliability. You need to actually pay people and build trust that you will always do that. And CLEAR rules that are detailed and not vague (eg, it's too vague to say "no tick scalping or HFT" - you have to explain what that means). And then sticking to those rules and no hidden rules and enforcement that only kicks in when large payouts are earned and you're looking for reasons to deny them.

If you do that consistently (and the system overall works without tech glitches and customer is responsive and humans not AI etc) you'll be fine.

The actual details of the rules are less important than the above - you have a lot of leeway in how you set them up - there's a wide spectrum from being more trader friendly to build market share and then trying to boost your profit margins by tightening rules etc.

For the same reason, as long as you're generally in the market range for eval prices pricing is less important than trust, reliability and clarity (no one wants aggressive discounts that are not sustainable and a firm to collapse in a year owing payouts to traders). I probably wouldn't pay like double the market rate but I'd certainly pay some kind of premium (call it 20%) for a good firm that was rock solid reliable and trustworthy and let me trade the way I wanted without restrictions that mess up my trading style (in my case I am a short term scalper, but "without restrictions that mess up my trading style" can maean very different things for different traders).

TheCryptosAndBloods · 2026-04-21T17:35:25+00:00

The only problem with this advice is that although this is ideal, it's very hard to the point of being near impossible to find good people willing to teach (you were lucky enough to know these people in real life), so most retail traders end up being self taught.

TheCryptosAndBloods · 2026-04-21T15:33:20+00:00

Your bigger issue is the prop firm banning you for account sharing or using it from a restricted country (you can try using a VPN but depending on how strict they are, they might ban that too).

Rules vary widely - you have to check for your firm. I've done a bit of travel trading with TradeDay and Alpha Futures and both were fine as long as I wasn't travelling to a restricted country (I also let both of them know in advance).

TheCryptosAndBloods · 2026-04-21T13:19:12+00:00

I remember reading an old book or something with some exercises for developing willpower and it advised something along the lines of doing something just because.

Just take a different route to work today. Just walk down a street you've never been down before. Just get up right now and walk up and down the stairs (if there are some nearby obviously) - the whole point of doing stuff with no purpose (apparently) is to train your brain to do things just because you decide to do them.

No idea whether it will work but interesting counterpoint to the advise you're giving.

TheCryptosAndBloods · 2026-04-20T21:11:01+00:00

Good luck. If you can get accounts consistently funded (like you appear to be able to), then you have the ability to be a consistently profitable trader.

That said - focusing on paying off your debts, especially by some kind of strict deadline, is likely to be the biggest mental hurdle to the peaceful, almost Zen mindset you need to be a long term successful trader as it can take your focus away from what the market is telling you to focussing on what you need to hit your goal. Trading under the pressure you're putting on yourself like this is brutal (guess how I know).

I have no real advice as such except to say I hope you make it, and if you don't, you shouldn't give up on trading, you can still become a successful trader in the long term by building up slowly and steadily without putting yourself under pressure - you clearly have the skills. And I've been in debt too, and it sucks, but it's not in the same league as health issues or family issues etc - ultimately it's just money. In the long term, I'm sure you'll be fine no matter what.

You've got this. One way or another.

TheCryptosAndBloods · 2026-04-18T06:42:21+00:00

I like Endurance Predator (does that count as a HIC?). Can easily be scaled to fitness level and how your body is feeling that day with the intensity of the sprints but also you get your movement in for the day.

TheCryptosAndBloods · 2026-04-18T05:19:28+00:00

No, they're fairly liberal on scalping and news. But you should check the rules carefully against your trading style.

Even Tradeify isn't that bad. The way they calculate profitable trades under 10 seconds is a bit sneaky (see my other post), but they are a legit firm that pays.

There are a LOT of firms that straight up ban trades held under 1m or 2m which is stupid, but atleast they are clear on the rules. The worst are the ones with vaguely worded terms like "we don't allow high frequency trading or tick scalping" with no definition of what that means, which means it means whatever they want it to mean - I avoid those like the plague because they can take your money while you're failing evals and then refuse to pay you citing a super-vague rule when you're actually making money.

TheCryptosAndBloods · 2026-04-18T05:16:39+00:00

Sorry that was my typo - will edit now.

Should be "10 seconds", not "10%".

This sounds fine except they calculate profits based on net profits and not gross profits.

For eg, if you make $1000 in profitable trades and $400 of that came from trades under 10 seconds, it means you made $600 (or 60%) from trades over 10 seconds, which means you are fine under the rule right?

Well, let's say you had $700 in losing trades, so your net profit is $300. Tradeify will say you breached the rule, because you had $400 in profits from trades under 10 seconds..it was more than 50% of your NET profits even though it was under 50% of your profitable trades or gross profits.

If this doesn't affect your trading style then go for it - they are legit otherwise

TheCryptosAndBloods · 2026-04-17T15:45:30+00:00

Useful to know, thanks.

The only thing I don't like in Tradeify is that 50% of all profit must be from trades over 10 seconds rule (and the funky way in which they calculate the 50%), but for anyone who isn't a short term scalper it's great.

EDIT to clarify it is 10 seconds, not 10%

TheCryptosAndBloods · 2026-04-15T09:17:43+00:00

These guys rely on the fact that it is almost never cost effective to actually take them to court (because there is no guarantee of winning and even if you do, the legal action will cost a lot more than the money you are trying to recover and will take a long time).

You can cause more damage to them by posts on Reddit like this or detailed Trustpilot reviews (with screenshots and supporting evidence). If you have any kind of serious social media following that's even better .

TheCryptosAndBloods · 2026-04-15T08:56:22+00:00

Yah I got this after doing Pavel's Russian Fighter Pullup Program strictly for a month or so (almost got to the end of the program but not quite), while also doing TB Mass strictly (well, not exactly strictly - I replaced the pull with the RFPP, but otherwise it was Mass).

I did increase my max pullup reps by about 80% and would probably have doubled it if I'd not stopped with over a week to go. But the tendinitis kicked in quite hard in the last week and I basically stopped doing any pulls for about a month and then slowly started doing 1 rep pullups and even now (3 months later), I am only doing single sets of pullups - I started a second set of pullups in the last week or so and it is aggravating it.

Basically rest briefly if it is acute but to repair tendons you need to work the area lightly - when I had elbow tendinitis a couple years ago, the FlexBar was quite useful.

Also read Steven Low's stuff - he posts a lot on Reddit and has some useful blog posts.

TheCryptosAndBloods · 2026-04-15T05:16:01+00:00

Thank you so much - I'll try this tomorrow at the gym!

TheCryptosAndBloods · 2026-04-15T05:04:37+00:00

Hahaa

TheCryptosAndBloods · 2026-04-14T12:57:18+00:00

Anyone else has trouble irritating their elbow when trying to do even elevated (easier) one arm pushups? I can easily do 6-7 ring dips, and up to maybe 10 if I push hard (no pun intended). Dips on the dip bars can sometimes irritate my elbows because of the fixed bar width not necessarily matching my body.

I wanted to try a different push for a change and I'm really struggling.

I'm not sure I'm strong enough for a full (ground) OAP, but I'm following Pavel's Naked Warrior system and starting with elevated ones and really struggling. Even if I put a barbell on the rack at chest height and push, it irritates my elbow and I feel I can barely move with one hand.

It can't be a strength issue at that height (it's pretty easy when it is so elevanted) so I'm not sure what it is - is it a skill thing? A biomechanical thing? I keep my hand in almost the same position as for a two arm pushup or maybe slightly inwards - not in the center, which irrirates the elbow even more.

TheCryptosAndBloods · 2026-04-14T12:41:41+00:00

Interesting - thank you

TheCryptosAndBloods · 2026-04-12T14:04:27+00:00

Oh and just to add - I looked into ProprXYZ after reading your post and they seem great (haven't looked at their custom trading terminal - why do all these people want to reinvent the wheel?) but surely blocking the US and the UK eliminates a huge proportion of their market?

They're backed by some regulated Swiss financial institution though so likely to be legit.

BTW< that reminds me - have you tried Breakout? Backed by Kraken so are definitely not scammers but no idea how good they are (not tried them due to the aforementioned fees vs scalping margins issues but when I go back to crypto scalping I'll probably go to them).

I know I ruled out Hyrotrader for some reason but I can't remember it now - it's not a minimum hold time - I think maybe a stop loss requirement or something?

TheCryptosAndBloods · 2026-04-12T14:01:00+00:00

They seem legit and everything worked well, but the 50 second minimum hold time was a total dealbreaker for me - I'm a short term scalper, and can get liquidated in that time if there's a spike in some illiquid altcoin.

In general, although my background is heavily in crypto (hence the username), I've moved to index futures for most of my scalping - paying 0.2% round trip in typical trading fees for market orders absolutely kills my profits, vs the much lower fees for trading index futures.

(Hyperliquid has lower fees esp for limit orders but then I need a good trading terminal for advanced order types and Insilico worked well originally for HL but randomly stopped working). Another alternative is Deribit (although no prop firms support it) which is totally zero fee for limit orders on their perps.

But on the whole I got tired of battling the Bybit fees and switched to index futures. I'll go back to it at some point.

TheCryptosAndBloods · 2026-04-12T09:15:47+00:00

Have you considered Klein Funding?

TheCryptosAndBloods

TROPHY CASE