Question 1

What is Mubite?

Accepted Answer

Mubite is one of the leading Crypto Prop Trading Firms established to empower talented crypto traders. We offer both funded demo accounts on top Trading Platforms like Bybit, and provide a structured two-phase process—the Mubite Challenge phase and a Verification phase—to select the most promising Crypto Prop Traders. As crypto traders, we understand that the path of a trader can be complex, which is why we offer our traders a wide range of educational programs, including e-books, guides, and smart trading tips, video courses, and much more. We also have an intuitive, modern dashboard that is always available to help you track all your trading activities. Our customer support is always at your service, and we strive to address any inquiries as quickly as possible. All you need to do is combine your skills with our education support and start your journey with us today!

Question 2

Who can join Mubite?

Accepted Answer

Choose an account size that fits your desired profit split, register, and complete payment via credit card or crypto. Start trading on our demo account to practice your crypto trading strategies. Once you hit your Profit Target and meet our trading rules (such as using stop-loss orders), you will progress to a live funded account and receive weekly crypto payouts. Mubite's services are not available to individuals who are on sanction lists, have a criminal record related to financial crimes or terrorism, or who have previously been denied access due to violations of contractual agreements. Mubite also does not accept clients who are legal entities in the form of trusts. Mubite does not take responsibility for providing its services to traders who are prohibited by the laws of their country from trading cryptocurrencies in any form, including the use of demo accounts, and it is the responsibility of these traders to ensure compliance with the applicable legal regulations in their jurisdiction.

Question 3

How it works?

Accepted Answer

Choose your challenge - The first step is to choose a challenge according to your personal preference. After filling in the personal information required for registration and completing the payment, you will receive login details that you will use to access the dashboard on our website to manage the challenge. Pass challenge successfully - Complete all the conditions that are required to pass the challenge. Prove to us that you understand crypto trading, know how to keep a calm head, are knowledgeable in trading strategies and most importantly, know how to be consistent in trading. The main target is to achieve a total profit of 15% across the two phases. Account check + KYC - After completing the challenge, we will need to verify your identity for compliance with laws and regulations. After completing it, we will send you a certificate of successful challenge and the cooperation can begin. Start earning and get your payout - Get access to a funded Mubite trader account and start earning up to 90% of your profits. We send payouts weekly to your chosen account.

Question 4

About Mubite

Accepted Answer

We are one of the first platforms specializing exclusively in cryptocurrency trading. We have been closely connected to the cryptocurrency market and have been tracking its development from the very beginning. Crypto is more than just an asset for us – it's where we've built our expertise and where we spend our time every single day. This in-depth knowledge, combined with years of hands-on experience, allows us to stay ahead of the latest trends and developments in the crypto world. We live and breathe crypto, and this passion ensures that we can deliver the best strategies, insights, and tools tailored specifically for cryptocurrency traders. This allows us to offer you the most advanced expert support, and ideal conditions for successful trading. Every trader is our priority! Our goal is to provide you with a personalized approach and tailor all our services to your individual needs. Whether you're a beginner or an experienced trader, we offer the tools and support to help you grow.

Question 5

Why should I join Mubite?

Accepted Answer

Trading an Account that is Too Small (Undercapitalization) Many traders start with limited capital, which can restrict their ability to make meaningful trades. By choosing Mubite, you gain access to larger accounts that allow for more substantial trading opportunities, enabling you to execute strategies effectively and maximize your potential profits without the constraints of a small trading account. Fear of Losing Your Own Money Trading with personal funds often comes with the fear of financial loss, which can cloud judgment and lead to poor decision-making. Mubite provides a supportive environment where traders can focus on strategy and performance without the anxiety of risking their own capital, fostering a more confident and strategic trading approach. Psychological Pressures The psychological challenges of trading can be daunting, including stress and anxiety that come from market fluctuations. At Mubite, traders benefit from a structured framework that helps alleviate these pressures. With access to resources and community support, individuals can cultivate a healthier mindset and improve their trading performance. Lack of Discipline Maintaining discipline in trading can be a significant challenge, often leading to impulsive decisions. Mubite emphasizes the importance of a disciplined approach and offers educational resources to help traders develop a consistent trading plan. This support encourages adherence to strategies, ultimately improving long-term success. Growth Limitations Many traders find themselves stagnating due to lack of resources or guidance. Mubite provides a pathway for growth through extensive educational materials, mentorship, and a community of experienced traders. This nurturing environment promotes continuous learning and development, helping traders evolve and reach their full potential. Insufficient Support from Your Surroundings Trading can be a lonely endeavor, especially when friends or family may not understand the nuances of the market. By choosing Mubite, you join a vibrant community of like-minded individuals who share insights and support one another. This network fosters collaboration and encouragement, making the trading journey less isolating and more rewarding.

Question 6

I am interested in participating in the challenge. Is a Bybit account required?

Accepted Answer

Yes, you'll need an active Bybit account, which you'll connect to Mubite using an API key. If you don't have a Bybit account yet, you can sign up here.

Question 7

What are the requirements to become a Mubite Trader?

Accepted Answer

To become a Mubite Trader, you must successfully complete our two-step assessment process: Step 1: The Mubite Challenge - Demonstrate your trading skills on a simulated account, meeting our profit targets and risk management rules. Step 2: The Verification Phase - Confirm your consistency and trading skills on a demo account with more lenient conditions. After passing Verification, submit valid identification (e.g., passport, ID card) to complete the Mubite Account Agreement.

Question 8

What is the timeframe to become a Mubite Trader?

Accepted Answer

The minimum requirement is 4 trading days for the Mubite challenge and 3 trading days for Verification. There is no maximum time limit, allowing flexibility in completing the process.

Question 9

What happens after completing the challenge and verification?

Accepted Answer

Upon completing the Mubite Challenge, proceed to the Verification stage. Once verified, complete identity verification and sign the Mubite Account Agreement to officially become a Mubite Trader.

Question 10

I just completed the verification process. When can I expect my refund?

Accepted Answer

Your fee will NOT be refunded with the first Profit Split payout, which includes your initial trading profits.

Question 11

Will I receive automatic notification if I violate any of the rules?

Accepted Answer

If you violate any rules, your account will automatically be set to FAILED status, and you'll receive an informational email. For disputes, contact us via chat, Discord, or email.

Question 12

Smart Drawdown Rules Instant Funding

Accepted Answer

To promote disciplined risk management, our smart drawdown system works as follows: Initial Limit: The starting drawdown is set at -10% of your initial account balance. Drawdown Update: Once you reach a +5% profit relative to your starting balance, your maximum drawdown shifts to a fixed -5% level. Fixed Level: After adjustment, the drawdown remains locked at -5%, regardless of further gains. Scaled Accounts: If your account scales up, the -5% drawdown is recalculated based on the new base balance, excluding any accumulated profits.

Question 13

What Leverage Can I Use?

Accepted Answer

1-Step & 2-Step Challenge Accounts - You are free to use any leverage available on Bybit, based on your personal trading strategy. Instant Funding Accounts Altcoins: Maximum leverage of 2× BTC & ETH: Maximum leverage of 3×

Question 14

If I violate the rules, will I have another opportunity?

Accepted Answer

In the event that any of the Trading Objectives are violated, the specific account in question will be automatically rendered invalid. This account will subsequently lose its eligibility to continue progressing within the Evaluation Process. Consequently, further participation under the same challenge will not be permitted. Please be mindful of all guidelines to ensure uninterrupted progress through the evaluation stages.

Question 15

Do I need to close my positions overnight?

Accepted Answer

With a Mubite funded account, you're not obligated to close your positions overnight. You have the flexibility to keep trades open beyond market hours and even through the weekend. This setup allows you to maintain your positions without daily closure requirements, so you're free to hold trades as you see fit, based on your strategy and market outlook.

Question 16

What are the additional risk management conditions in Mubite?

Accepted Answer

To protect our capital and foster trader success, the following Risk Management Rules must be strictly followed:
Maximum Risk Per Trade: Traders must limit their risk to no more than 3% of their initial account balance on any single position. This includes the stop loss setup and all related commissions factored into the maximum risk per trade. No Cross-Account Hedging: Hedging across multiple accounts is prohibited to maintain transparency and manage risk effectively.

Question 17

Required trading days

Accepted Answer

To meet Mubite's objectives, traders must engage in trading activities on at least 4 separate trading days during the evaluation period. Key trading guidelines include: 1. 0.025% Daily Movement Rule: A trading day counts when the absolute total movement (profits and losses) from trades exceeds 0.025% of the initial balance. 2. Maximum 3% Risk per Trade: Each trade should not exceed a maximum risk of 3% of the account balance. 3. Multiple Trades Required: You must execute multiple trades to meet the daily movement requirement without relying on a single trade. Example Scenario: For an initial balance of $10,000: - Trade 1: Profit of $10 - Trade 2: Loss of $15. Total absolute movement = $25, which exceeds the required 0.025% daily movement, qualifying as a valid trading day.

Question 18

How many trading positions can I have at one time?

Accepted Answer

The number of positions you can open is entirely at your discretion. However, you must adhere to sound risk management principles. For example, opening two trades at 3% risk each could result in a total 6% loss, which may violate the daily drawdown limit, potentially jeopardizing your account.

Question 19

Do you have an inactivity rule?

Accepted Answer

Yes, if you do not engage in any trading activity for 30 days, your account will be deactivated. After 14 days of inactivity, you will receive a notification email to encourage re-engagement in trading.

Question 20

Is it possible to place an order first and add a stop loss afterward?

Accepted Answer

Yes, you can set a stop loss within 3 minutes of placing a trade. For trades with leverage exceeding 25x, a stop loss must be set before entering the trade. Not following this guideline will be considered a rule violation.

Question 21

Is crypto news trading allowed?

Accepted Answer

Yes, we permit trading during crypto news events, understanding that market volatility presents unique opportunities. We aim to support traders in maximizing gains by allowing trading flexibility during news events.

Question 22

Can I use Expert Advisors (EAs)?

Accepted Answer

No, we do not permit the use of Expert Advisors (EAs) or automated trading bots. We believe that trading expertise comes from personal insight and decision-making, not automation. Manual trading ensures a level playing field and cultivates a community of skilled traders.

Question 23

Is there any time limit to pass the Mubite evaluation process?

Accepted Answer

There is no time limit for passing the evaluation process, but if the account remains inactive for 30 consecutive days, it will be closed, and the entry fee will not be refunded.

Question 24

Is Copy Trading Allowed?

Accepted Answer

No, copy trading is disallowed. At Mubite we demand the trader to show their trading skills, whether it is algo trading or traditional we do not mind as long as the trading comes from your kitchen - using third party bots is also prohibited.

Question 25

Legal Relationship Between Mubite Traders and Mubite

Accepted Answer

The relationship is established through the Mubite Account Agreement, signed upon completion of the Mubite Challenge, Verification, and KYC/KYB processes. You may choose to register as an Individual, Entrepreneur, or Company, with each designation requiring specific verifications. The agreement defines the rights and responsibilities of both parties.

Question 26

Contract Signing Process

Accepted Answer

Upon meeting all Trading Objectives in the Verification phase, access your Client Area to complete the Mubite Account Agreement. Compliance verification typically takes one business day for personal accounts and up to three business days for company accounts.

Question 27

Identity Options for Mubite Traders

Accepted Answer

You can choose from:
1. Individual (Natural Person): Requires KYC verification with a government-issued ID and proof of address.
2. Entrepreneur: Requires KYB verification with ID, proof of registration, and proof of address.
3. Company: Requires KYB verification for the representative and proof of company registration. Once verified, the Mubite Account Agreement will be accessible in the Client Area.

Question 28

Mubite Account Details and Scaling Opportunities

Accepted Answer

Traders who complete the Mubite Challenge and Verification receive an account with the chosen initial balance. Scaling opportunities are available based on trading consistency and profitability, with account balance adjustments possible during profit distribution.

Question 29

Mubite Trading Environment and Account Details

Accepted Answer

Qualified Mubite Traders are granted access to a demo account with simulated funds, relying on real-time market quotes. While client trades are simulated, Mubite conducts its own trades using real capital independently and may draw insights from demo trading data.

Question 30

When can I expect to have access to my Mubite account?

Accepted Answer

Upon completion of the verification, you will receive a verified Mubite account within 24 to 48 hours, along with a certification confirming your successful completion of the Mubite exam.

Question 31

How much is the profit split?

Accepted Answer

Traders start with a 70% profit split, which increases to 80% after four months of consistent performance. After an additional four months, the profit split can increase to 90%, rewarding dedication and success.

Question 32

Am I required to pay taxes on my earnings?

Accepted Answer

You are responsible for any applicable taxes or fees in connection with the Mubite Account Agreement, as required by law. It is advised to consult a tax professional to ensure compliance with local tax obligations.

Question 33

How can I withdraw my profits?

Accepted Answer

We offer fast and flexible payout options tailored to your trading success: First Withdrawal: Eligible 14 days after your first trade on a funded account. Ongoing Withdrawals: Available every 7 days as long as at least one trade is executed within that period. Payment Methods: We support bank transfers and crypto payouts Minimum Payout Amount: $50 Processing Time: We aim to process all approved payout requests within 24-48 hours.

Question 34

How long does it take to receive my Payout?

Accepted Answer

We process withdrawals every day 9AM-9PM GMT.
All profit distributions are processed efficiently, typically within 12 to 48 hours after the invoice is confirmed. Mubite allows profits to be received in cryptocurrency, and we do not impose any withdrawal fees. This approach ensures that our traders can maximize their earnings while enjoying a seamless withdrawal experience.

Question 35

How do I request a payout?

Accepted Answer

Traders can request a payout directly from their trader dashboard. The first withdrawal is available on demand after closing the first profitable trade. Following that, withdrawals can be requested every 14 days. Once you reach the highest level with a 90% profit split, you'll be eligible to request payouts on a weekly basis.

Question 36

Are there any fees for processing a payout? Is the fee recurrent?

Accepted Answer

There are no other fees, except for the one-time evaluation fee when you choose your challenge. This fee is based on the account size you select for the challenge and is paid at the beginning of the evaluation process. It is a single payment and does not recur. Beyond this initial fee, there are no mandatory ongoing charges. Once you become a funded trader with Mubite, you will not be required to pay any monthly or annual subscription fees. The profits you generate are split according to the agreed percentage, and we cover any losses that may occur.

Question 37

Do I need to pay charges with the payouts?

Accepted Answer

At Mubite, we don't impose any extra fees on your payouts. Once the profit split is completed, the remaining payout is fully yours. We follow a transparent approach, ensuring you keep what you earn without any hidden fees or surprises. With Mubite, you can be confident that your payment is entirely yours to keep.

Question 38

What payment methods are available?

Accepted Answer

You can make payments for the Mubite Challenge through various secure methods, including debit/credit cards, Apple Pay, Google Pay, or selected cryptocurrencies. If you have any questions or require assistance at any time, our team is readily available to support you. Feel free to reach out to us, and we will be happy to provide guidance and address any concerns you may have regarding your payment or the challenge process. Your satisfaction and smooth experience are our top priorities.

Question 39

Do we charge any other fees?

Accepted Answer

No, we don't impose any additional or hidden fees. The one-time fee for a Mubite Challenge covers all costs, including the Verification process. There are absolutely no recurring fees after that. What's more, your initial fee will be reimbursed as soon as you successfully pass both the Mubite Challenge and Verification stages, and withdraw your first reward from your Mubite account. We are committed to maintaining a transparent and fair system, ensuring that your investment in the challenge is fully refunded once you start seeing results.

Question 40

I've paid for my Mubite Challenge, when will I receive my account details?

Accepted Answer

Once your payment is confirmed, your Mubite Challenge will be activated right away. You will receive an invoice and your login credentials via email. Please check your inbox, as well as your spam or junk folders. Ensure that you keep your login details secure and do not share them with anyone, as we cannot be held responsible for unauthorized access to your account.

Question 41

Can I pay my challenge with Crypto?

Accepted Answer

Yes, you can make your Challenge payment from any exchange. To do so, simply copy the wallet address shown on the payment screen, paste it into the exchange of your choice, and send the exact amount displayed along with the applicable Network or Gas Fee. We accept several payment options, including:
- Bitcoin (Bitcoin Network)
- Bitcoin (Lightning Network)
- USDT (Tron Network)
- USDC (ERC-20 Network)
- Ethereum (ERC-20 Network)
- Solana (Solana Network)
- and more... Important: Always double-check the network you select when sending the payment, as using the wrong network may result in lost funds, and we will not be able to assist in such cases.

Question 42

How many accounts can I have?

Accepted Answer

Mubite allows traders to purchase as many challenges as they want. However, once they succeed, they can only hold a total of up to $300,000 across their Mubite accounts. For instance, a trader could buy five $100,000 Challenge accounts and trade them all. After reaching the profit target, only three accounts will move to the Mubite phase, as the limit is $300,000. The other two will be paused. If any Mubite account is breached, a paused Challenge account can be moved to Mubite.

Question 43

Do I have to pay taxes on my earnings?

Accepted Answer

Yes. Please note that you are solely responsible for reporting and paying any taxes, fees, or other obligations related to your income from your Mubite account, in accordance with the tax laws and regulations applicable in your country.

FREQUENTLY ASKED QUESTIONS

First time with Mubite

Evaluation Models & Processes

Rules

Mubite Account

Payouts

Orders & Billing