Crypto Prop Trading Firm

HyroTrader is a crypto prop trading firm. Traders have the opportunity to trade on the popular ByBit platform and can retain up to 90% of the profits generated in their HyroTrader account. Traders can engage in USDT Perpetuals trading. These conditions establish HyroTrader as one of the leading crypto prop trading firms in the market.

What is a crypto prop trading firm?

A crypto proprietary trading firm, or prop firm, is a specialized company that provides crypto traders with access to capital, allowing them to trade larger positions than they might be able to with their own funds. The firm typically evaluates traders’ skills through a trading challenge or evaluation phase, designed to assess their strategy, risk management, and consistency. Once traders pass the evaluation, they are given a funded account, enabling them to trade with real capital provided by the firm.

Funded Accounts: After passing the challenge or evaluation, traders receive a funded account, meaning the firm provides the capital for the trades. This enables traders to access larger sums of money, which can increase their potential profits without risking their own savings.

Profit Sharing: One of the significant advantages of a crypto prop firm is the profit-sharing structure. Traders are typically allowed to keep a significant portion of the profits they generate. Many firms offer profit splits ranging from 70% to 90%, meaning traders can retain up to 90% of the trading profits, while the remaining percentage goes to the firm as a fee for providing capital.

Crypto-Focused: Unlike traditional prop trading firms, which may focus on stocks, forex, or commodities, crypto prop firms specialize in cryptocurrency markets. This focus allows traders to benefit from the unique volatility and opportunities presented by cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and altcoins, as well as crypto derivatives like USDT perpetual contracts.

Risk Management: Prop firms often require traders to follow strict risk management rules, such as maintaining a maximum drawdown limit or not exceeding a specific loss percentage per day. These rules are in place to protect the firm’s capital and ensure the trader is managing risk responsibly.

Evaluation Process: Before receiving a funded account, traders are often required to pass an evaluation or challenge. This usually involves trading in a demo account with certain profit targets and risk limits over one or two phases. Traders are evaluated based on their consistency, discipline, and risk management rather than just short-term profit.

No Personal Capital at Risk: Once traders are funded, they trade with the firm’s capital, meaning their personal savings are not at risk. However, they must still adhere to the firm’s risk guidelines to avoid being disqualified or having their funded account revoked.

Leverage and Tools: Many crypto prop firms provide traders with access to leverage, which allows them to control larger positions with a smaller amount of capital. They may also offer API connections for custom bots or trading strategies, as well as access to advanced trading tools and platforms like ByBit, a popular crypto exchange for derivatives trading.

Flexible Withdrawal Policies: Traders can usually withdraw their profits on a regular basis, often after a set period or once they meet specific payout criteria. Some firms even offer fast withdrawal processing times, with payouts within 12-24 hours, often in USDT or other stablecoins.

Scalability: Many prop firms offer scalability programs, where traders can gradually increase their share of the profits or access larger funded accounts as they demonstrate consistent performance. For example, traders may start with a 70% profit share and scale up to 90% after several months of profitable trading.

Why Join
HyroTrader?

Community of Top Crypto Funded Traders Join our exclusive community and refine your crypto trading skills within a world-class environment, where seasoned traders and coaches provide guidance and support.

The Highest Profit Split (70% - 90%) Unlock your potential with our crypto prop trading firm, offering funding opportunities up to 1 Million USDT and profit splits as high as 90%.

Zero Risk, Substantial Rewards Experience risk-free growth as we increase your funded account size based on your consistent performance, all without any liability for losses.

Lowest Trading Fees Maximize your profits while minimizing costs with our transparent pricing and low commissions, ensuring you get the most out of your trading activities.

Best Trading Platform Trade on the industry's leading crypto platform - ByBit, offering a seamless and efficient trading experience for our traders.

HyroTrader works with over
10 exchanges and trading platforms.

Built for Every Type of Crypto Trader

Scalpers

Execute rapid and precise trades with our unwavering support, leveraging your skills for maximum gains in short timeframes.

Day Traders

Harness our extensive resources and expertise to seize opportunities in daily market fluctuations, maximizing your trading day's potential.

Swing Traders

Master the art of swing trading with our cutting-edge tools and community insights, equipping you to ride the waves of crypto market volatility successfully.

Long-Term Traders

Unlock the potential of long-term investments in the crypto market, supported by our funding and risk-free growth opportunities.

Bot Trading

Optimize your bot trading strategies and profitability with our prop trading firm's dedicated support, giving your automated systems a competitive edge.

DeFi Trading:

With the trust you've earned through your extended partnership with us, your well-honed trading expertise is now ready to explore the boundless potential and financial innovation that DeFi has to offer.

F.A.Q.

What Is a Crypto Proprietary Trading Firm?

A crypto proprietary trading firm provides traders with the opportunity to trade using a funded account. Upon completing a trading challenge, traders can retain up to 90% of their trading profits. HyroTrader, a crypto proprietary trading firm, collects evaluation fees from unsuccessful traders and redistributes these fees to successful traders.

How do crypto prop trading firms work?

A crypto proprietary (prop) trading firm provides crypto traders the opportunity to trade with a funded account. To access these funds, traders must first succeed in a crypto trading challenge, after which they can retain up to 90% of the profits they generate. To receive a funded account, traders are required to achieve a profit target of up to 15% during the challenge.

Most crypto proprietary trading firms employ their own trading strategies, such as high-frequency trading (HFT), algorithmic trading, market making, or they provide trading challenges and opportunities for retail traders. It’s crucial to distinguish between

Traditional proprietary trading firms.
Proprietary trading firms offering both real trading and simulated trading accounts.
Proprietary trading firms that offer only simulated trading accounts.

as each tier represents different levels of service, strategy sophistication, and market impact.

Traditional proprietary trading firms.

Real crypto proprietary trading firms engage in trading on the actual market with real liquidity. These firms typically do not offer remote capital provision; for instance, to trade for a crypto proprietary trading firm, you might need to work at a desk in London within an office environment. Tier 1 firms have their own trading strategies, often focusing on market making, algorithmic trading, or high-frequency trading (HFT). To be hired by such a firm, you need to possess genuine talent and skills. Although traders can receive a profit share, the percentage might be lower because they trade with significantly larger liquidity. These firms seek algorithmic traders and highly educated individuals with a mathematical background. Wintermute is among the most successful tier 1 crypto proprietary trading firms.

Proprietary trading firms offering both real trading and simulated trading accounts.

These firms target talented retail traders worldwide, allowing them to leverage trading skills remotely without needing to be in an office. Tier 2 firms offer simulated trading to evaluate traders and review their track records. Importantly, they allow traders to operate with real liquidity. These firms collect evaluation fees from unsuccessful traders and use these fees to fund successful traders. Currently, HyroTrader is considered the sole tier 2 crypto prop trading firm. To join, traders must complete a trading challenge aimed at achieving a 15% profit target over two stages, with no time limit. Initially, the first few payouts are conducted on a demo account, but traders are eligible for a profit split ranging from 70 to 90%. After passing this test period, traders can trade with real liquidity on the ByBit platform. HyroTrader’s goal is to identify profitable traders, establish relationships, and offer professional support and guidance for scaling crypto trading accounts.

Proprietary trading firms that offer only simulated trading accounts.

These firms focus on inexperienced crypto traders, providing only simulated trading accounts without real capital. They often operate on CFD platforms characterized by wicks, high fees, swap fees, and unfavorable conditions for serious crypto traders. The trading challenges set by these firms are typically easier and less expensive, with profit targets of about 6-12%. The aim is not to pay traders in the long term but to collect evaluation fees, make a few payouts to successful traders, and then create conditions that disadvantage the trader. Traders might receive a payout or two but are likely to face bans or worsened trading conditions without clear reasons. These firms often operate on CFD platforms or have their own trading platforms, which they can manipulate. For retail traders, it can be difficult to identify such firms due to paid reviews and good social media presence. Before signing up, always check the trading platform and the challenge conditions (if it’s cheap or seems too easy, it might be a scam). FTMO stands out as one of the most reputable Forex proprietary trading firms, known for offering high-quality simulated trading experiences. You can trust this company for its integrity and commitment to helping traders succeed. However, it’s important to be cautious, as there are dozens of other firms whose intentions may not align with supporting traders’ growth.

What Are the Best Crypto Proprietary Trading Firms?

In the crypto proprietary trading market, there are only a few genuine firms, so your options are limited. Wintermute stands out as the top firm for professional traders, but it requires working from their London office. HyroTrader is the premier choice for serious retail traders, offering the ability to trade remotely with the best market conditions. There are a few other crypto proprietary trading firms, but we lack experience with them, and in most cases, they require traders to work from the firm’s local office.

How Do Crypto Proprietary Trading Firms Earn Money?

Most crypto trading firms generate income through their own trading strategies. HyroTrader earns money from our own crypto trading strategies, evaluation fees from traders, profit splits with successful traders, and affiliate commissions from crypto trading platforms.

What Cryptocurrencies Can You Trade With a Crypto Proprietary Trading Firm?

With HyroTrader, you can trade all cryptocurrencies available on the ByBit platform. The HyroTrader funded account allows you to trade all USDT pairs. ByBit is now one of the most popular trading platforms in the world.

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