Why does HyroTrader use a refundable challenge deposit instead of an evaluation fee?

Most prop firms charge a non-refundable evaluation fee. On One-Step and Two-Step, HyroTrader takes a different approach by using a refundable challenge deposit that is returned when you successfully complete the Challenge and become eligible for your first profit split. It’s part of our commitment to building a more transparent and trader-friendly funding model.

This applies to One-Step and Two-Step challenges. Hyro Core has a Challenge Fee instead, which is not refundable once you activate the challenge. Cancelling before activation is still refunded. The Instant Fee is non-refundable, except in the cases set out in our Terms, for example if your identity verification is not approved and your account is never issued.