Yes, the Spot Trading Challenge adheres to Islamic values. Trade confidently with no interest involved, fully compliant with ethical and Islamic financial principles.
Can Muslim Traders Participate in Spot Trading?
New to HyroTrader
Evaluation Process
- How can I become a Trader with HyroTrader?
- How long does it take to become a HyroTrader?
- What happens after successfully completing both Phase 1 and Phase 2 of the verification process?
- I just got verified. When do I get the refund?
- I have reached the profit goal. Will I receive an automatic notification from the HyroTrader team?
- What are the profit goals for each verification phase?
- Will I be automatically notified if I breach one of the rules?
- Do I need to complete KYC on Bybit when starting the verification process with HyroTrader?
Rules
- If I break the rules, do I get another chance?
- Do I have to close my positions overnight?
- What are the other risk management conditions in HyroTrader?
- Minimum trading days
- How is 5% daily drawdown calculated?
- How many positions can I open?
- Do you have an inactivity rule?
- Prohibited Actions
- What is the correct way to set a stop loss, and can I place an order without a stop and then set a stop loss?
- Is news trading allowed?
- I have one trade that exceeds the distribution rule. What happens now?
- Can I trade spot and perpetuals at the same time?
- Are there any other rules for a funded account?
- Can I risk more than 3% of my capital in a single position?
- In what instances would I breach the stop-loss obligation rule?
Platform
- Which platforms can I use for trading?
- What instruments can I trade?
- Can I create an API Key on Bybit to trade on a different platform?
- Is trading allowed for individuals from restricted countries?
- Which countries are allowed to join HyroTrader? Can I join from the US/UK?
- What leverage can I use?
- Is it possible to trade USDC on funded accounts?
Hyrotrader Account
- What is the legal relationship between a trader and HyroTrader during account management?
- How can I withdraw my profits?
- When will I get the account?
- When will I transition from the simulated demo account to the fully funded real account?
- How much is the profit split?
- What happens if I fail the account but it’s still in profit?
Orders & Billing
Crypto Proprietary Trading Firms
- What Is a Crypto Proprietary Trading Firm?
- How do crypto prop trading firms work?
- Traditional proprietary trading firms.
- Proprietary trading firms offering both real trading and simulated trading accounts.
- Proprietary trading firms that offer only simulated trading accounts.
- What Are the Best Crypto Proprietary Trading Firms?
- How Do Crypto Proprietary Trading Firms Earn Money?
- What Cryptocurrencies Can You Trade With a Crypto Proprietary Trading Firm?
ByBit Cashback
Mentors
Tournament