No, during your initial logins, Bybit might prompt you to complete KYC to start using our service, but you are not required to undergo KYC on Bybit at any point. You begin trading on the Bybit demo account, for which KYC is not necessary. Later on, you will need to complete KYC with HyroTrader, but since you are trading on the Bybit demo or sub-account, you will not need to complete KYC on Bybit at any time.
Do I need to complete KYC on Bybit when starting the verification process with HyroTrader?
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 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 Hyrotrader team?
- What are 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?
- What does the removal of payout limits on live accounts mean?
- Spot trading rules
- Prohibited Actions
- 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?
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 crypto prop trading firms works?
- 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