A $100,000 prop account may reserve its advertised 1:100 figure for forex while placing crypto several steps lower. One standard lot of a major currency pair then needs about $1,000 of margin, so the daily loss limit is more likely to end the account than the margin requirement. The same account at 1:1 consumes $100,000 of margin for $100,000 of crypto exposure. At 1:2, it consumes $50,000.
Those margin requirements create a different account behind the same login. A trader who sizes a crypto position the way the platform allows a forex position will run out of margin long before reaching the loss limit.
Crypto leverage can fall again when an evaluation converts to a funded account, so the checkout figure may not apply afterward. A swap-free upgrade can reduce it again. The forex programs explain forex swap-free leverage limits.
A firm that publishes a low crypto cap gives traders a risk control they can plan around. At 2x, an altcoin needs a 50% adverse move to erase an account, which puts the daily loss rule ahead of liquidation. The problem is a headline figure that describes forex while excluding the asset class the account was bought for.
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