Dexter vs traditional prop firms.
The same idea — pass an eval, trade firm capital — but rebuilt on transparent, self-custodial infrastructure. Below is how Dexter stacks against FTMO, MyForexFunds, FundedNext, and The 5%ers on the dimensions that actually move money.
| Feature | Dexter | FTMO | MyForexFunds* | FundedNext | The 5%ers |
|---|---|---|---|---|---|
| Custody | Self-custodial (your wallet) | Company-held | Company-held | Company-held | Company-held |
| Profit split (trader / firm) | 90 / 10 | 80 / 20 | 75 / 25 → 85 / 15 | 80 / 20 → 95 / 5 (scale) | 50 / 50 → 100 / 0 (scale) |
| Settlement layer | On-chain (Base, Basescan) | Internal ledger | Internal ledger | Internal ledger | Internal ledger |
| Account type | Real perp DEX | Simulator | Simulator | Simulator | Simulator (live equity) |
| Asset class | Crypto perps (BTC, ETH, SOL) | Forex, indices, crypto CFD | Forex, CFD | Forex, indices, metals | Forex, indices |
| Withdrawal speed | 1–3 min via Merkle proof | 1–2 business days | 1–2 business days | 1–2 business days | 2–7 business days |
| Withdrawal verification | On-chain proof, operator-blind | Company approval | Company approval | Company approval | Company approval |
| KYC required | Threshold only | For all withdrawals | For all withdrawals | For all withdrawals | For all withdrawals |
| Public solvency proof | Continuous on Basescan | No | No | No | No |
| Wallet login | Yes (MetaMask, WalletConnect) | No (email + password) | No | No | No |
| Pack price range | $49 – $299 | €89 – €1,080 | $84 – $1,099 | $59 – $999 | $95 – $1,495 |
| Funded account size | $5K – $50K | €10K – €200K | $5K – $300K | $6K – $200K | $6K – $100K |
| Profit target | +10% | +10% (2 phase) | +8% to +10% | +8% to +10% | +6% to +10% |
| Daily drawdown | −4% | −5% | −4% to −5% | −5% | None / −4% |
| Total drawdown | −8% | −10% | −8% to −12% | −10% | −4% to −10% |
| Settlement currency | USDC on Base | Bank wire, Skrill, crypto | Bank wire, crypto | Bank wire, crypto | Bank wire |
| Counterparty risk | Smart contract (audited) | Cyprus LLC | * See note below | UAE entity | UK / Israel entity |
| Source of payout | Real PnL + treasury vault | Company P&L | Company P&L | Company P&L | Real broker (live) |
What this comparison really shows
Traditional prop firms publish quarterly statements at best. Dexter's treasury, open obligations, and recent payouts are queryable on Basescan at any block, by anyone, including you.
Pack fees, trading collateral, and earned profits live in audited contracts. There is no scenario where the operator can lock or rebrand its way out of paying you.
Other firms added crypto CFDs as a side menu. Dexter's matching engine, oracle, and vault are all designed around perp trading from day one. No tradfi compromises.
You get 90% of every profit on every pack, every season. No scale-tiers, no "we raise your split if you behave," no hidden VIP gates. Same deal for everyone.
Where Dexter falls short (today)
Honest disclosure. Other firms have years of public payouts; Dexter is newer. Other firms offer forex and indices; Dexter is crypto only. Other firms accept bank wire; Dexter pays in USDC. If those tradeoffs matter to your strategy, the right answer might not be Dexter — and we'd rather tell you that than mislead you.
Buy a $49 Starter, run the evaluation, see the receipts on Basescan. The cheapest skepticism test in finance.
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