Evaluation of a Crypto Proprietary Trading Firm

You will receive your certificate, within approximately 1-2 business days, we will adjust your account balance to the same amount that you traded during your HyroTrader Challenge. After verified you continue to trade on demo account. It’s important to note that trading on the demo live account does not influence your payouts in any way.

As a default arrangement, the Profit Split for HyroTrader Accounts occurs biweekly. However, you have the option to request a payout after a minimum period of 30 calendar days from the first trade executed on the account. Payouts are typically processed within 1-2 business days upon confirming the invoice. You can receive your profits through a cryptocurrencies, and there are no withdrawal commissions imposed. 

You will undertake your HyroTrader Challenge and Verification using a ByBit demo account. Upon successfully completing the Evaluation process and receiving at least 3-5 payouts, you will be granted access to trade on a ByBit sub-account, which is funded with real capital.

Once we receive your payment for the HyroTrader Challenge, your account will be set up immediately. Following the creation of your trading account, you will receive a notification email for the HyroTrader Challenge. It’s important to keep your login credentials secure and ensure that no one other than yourself is authorized to access them.

Traders are required to adhere to the following Risk Management Rules to safeguard our capital and support the success of our traders. We actively monitor each account for signs of gambling or reckless trading behavior, with a specific focus on the following situations:

Maximum Risk Per Trade: Traders must not exceed a maximum allowable risk per trade of 3% of their account balance. Therefore, if your stop loss is triggered in a single trade, the loss should not exceed 3% of your overall capital. This limit is crucial for effective risk management and capital protection.

Martingale Strategy: The use of the Martingale strategy is strictly prohibited. Martingale is a high-risk betting system that involves doubling the stake after each losing trade. This strategy can lead to substantial losses and goes against responsible trading practices.

Prohibition of Hedging Across Different Accounts: Traders are prohibited from hedging positions across two or more different accounts simultaneously. Hedging involves opening opposite positions with the intent to offset potential losses, which can result in decreased transparency and increased risk.

Profit Distribution Rule: No single trade should contribute more than 40% to the total profit generated by a trader. This rule aims to prevent excessive reliance on a single high-risk trade and encourages a diversified and responsible trading approach.

Stop Loss Obligation: Stop loss orders are vital risk management tools in trading, designed to limit potential losses by automatically executing a trade when a predefined price level is reached. Traders are required to place a stop loss on every position to ensure proper risk management.

Accounts are subject to regular manual reviews, during which we assess for signs of gambling or an “all-or-nothing” mentality. In cases of extremely high risk, we retain the right to implement any of the following actions:

• Issuing a warning
• Removing account profits
• Adjusting the payout
• Temporarily reducing profit splits
• Rejecting withdrawal requests
• Terminating the account in full.

To meet this objective, you must trade for at least 10/5 days during the current duration cycle. At least one position must be opened on each of these days. A trading day is defined as a day when at least one trade is executed. If a trade is held over multiple days, only the day when the trade was executed is considered to be the trading day.

If you achieve a profit goal in fewer trading days, we still require a minimum of 10 trading days to assess your track record and the sustainability of your trading skills. It’s important to note that trades should be of similar size to those made previously. Any trade that is less than 70% of the average size of your past trades will not be counted.

We do not place any limit on the number of accounts you can have in the HyroTrader Challenge and Verification stage. However, we have a maximum capital allocation limit when you are an HyroTrader trader, which is $200,000

HyroTrader, a cryptocurrency proprietary trading firm, offers the best conditions for crypto traders. Traders have the opportunity to trade on any available pair on their ByBit account.

ByBit: all pairs available

Indeed, our traders can utilize ByBit APIs on their live accounts, but the trading challenge must be carried out without API usage. Trading with an API is not supported on a DEMO account.

After successful completion of the evaluation phase, which includes a challenge and verification process, participants will be granted access to a simulated demo trading account. Following consistent performance, with a minimum requirement of three payouts equating to 10%, 5%, and 5% of the initial balance each, individuals will become eligible for a funded trading account with real capital. 

Phase 1 10%- verification 

Phase 2 5%- verification 

Phase 3 live demo 10%- payout 1. 

Phase 3 live demo 5%- payout 2. 

Phase 3 live demo 5%- payout 3. 

Phase 4 ByBit sub-account.

Transitioning to a real ByBit sub-account offers the advantage of having no limitations on payouts.

During the verification phases, the 5% is calculated based on your initial funded account capital. For example, if your funded account is $50,000, the total daily drawdown for all trades would be $2,500. It’s important to note that this amount remains constant and does not change daily. When calculating the drawdown, all floating losses, profits, and fees are included. The daily server reset occurs at UTC +2.

For a $5,000 account, the initial daily drawdown is $250, and max drawdown $500. Once you achieve 10% profit, reaching an overall account balance of $5,500, the maximum drawdown becomes locked at $5,000. This ensures that your daily or overall losses never go below your initial starting balance and gives you much more flexibility for trading.

Please note you still need to follow SL obligation with a maximum allowable risk per trade of 3%.

If you exceed your locked account balance, your stop losses revert to the normal levels of 5% daily and 10% maximum. If you wish to utilize the pro max stop loss, you must once again achieve a 10% profit from your initial account balance.

The Pro Max Loss rule is applicable to traders who are trading with Hyrotrader real funds (traders who had their first 3 payouts).

It’s entirely up to you, as long as you follow good risk management. However, please be mindful that if you open, for instance, 2 trades each risking 3%, and both incur losses on the same day, your account would be down by 6%. This would violate the daily drawdown rule and could result in the loss of your account.

Your fee will be reimbursed to you with the first Profit Split.

We check accounts once a week so if you have achieved your profit target in Phase 1 or Phase 2, please contact us via WhatsApp at +44 7707 963142 or email us at [email protected]. We will then review your account, and within approximately 1-2 business days, we will provide you with a certificate. After receiving the certificate, you can continue trading on the same account.

Yes, if you haven’t executed any trades for the past 90 days, your account will be disabled. You’ll receive an inactivity reminder email after 60 days, and after 90 days, you’ll receive an email notifying you about the disabling of your account.