If you happen to violate any of the Trading Objectives, that specific account will be automatically invalidated and will no longer be eligible to continue in the Evaluation Process. If the violation occurs on your HyroTrader Account, the corresponding HyroTrader Account Agreement will be terminated. However, if you wish to become a Trader, you can always start again from the beginning and order a new HyroTrader Challenge. Please note that there are no discounts for repeat attempts. It’s important to respect the rules and trade safely to avoid any breaches. 

No, it is not required to close your positions overnight during the HyroTrader Challenge or Verification. You are allowed to keep your positions open throughout the night and even over the weekend.

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 risk more than 3% of their initial account balance per trade, ensuring that a triggered stop loss does not exceed this limit. Thus, if your stop loss is set higher than 3% of your initial account balance, you have breached the maximum risk per trade rule. This limit is crucial for effective risk management and capital protection. Please note that commissions are included in the maximum risk per trade calculation and can be viewed in your final trade P&L in Bybit’s P&L history.

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. This rule is valid during the evaluation and demo live phases only. However, when the trader is trading on a sub-account, this rule is not applicable.

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. Trades should remain open for an average duration similar to previous trades. If trades are opened and closed to cheat the rules, they will not be taken into account.

• Completion of Required Tasks: Participants must complete all required tasks to be eligible for the free funded challenge account. In the event of task reversals during the trading period, the user will not be eligible for payout.
• One Account per User: Each user is limited to creating only one free funded challenge account.
• Free $5,000 Challenge Account: Upon successful completion of all tasks, participants will receive a free $5,000 challenge account.
• Profit Split: After passing the trading challenge, participants are eligible for a 50% profit split.
• Validity of Challenge Account: Trader has 60 days to complete phase 1(challenge). The $5,000 challenge account is valid for one month after successfully completing the trading challenge. Thus, you have 30 days to complete phase 2 and get your first payout.
• Profit Target: To initiate the first withdrawal, participants need to achieve at least a 10% profit target.
• Withdrawal Period: Participants have one month to withdraw their trading profits from the challenge account.
• Continued Cooperation: HyroTrader may offer continued cooperation based on their satisfaction with the participant’s trading abilities and strategy.

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 system collects and calculates daily drawdown multiple times over a day. The daily server reset occurs at UTC +2.

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.

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.

As a funded trader on a ByBit sub-account, you can request your payout whenever you wish, without any restrictions. There’s no need to wait—once you’ve made a profit, you can immediately request your payout.

It’s important to note that this rule applies only to traders on ByBit sub-accounts.

All spot traders need to notify us, because by default they are set to trade futures.

As with any of our challenges, we are looking for talented traders who understand the markets and can demonstrate solid trading strategies with proven risk management.

We are one of the only crypto prop firms to allow spot trading. It is important that we also ensure we run a fair strategy for spot traders that aligns with our overall evaluation rules while also accounting for the specific risks associated with spot markets.

Rules: With Stop loss

• No position size cap
• Maximum loss is 3% per trade

Without Stop loss

• Maximum 3% capital in a single position
• Total balance at risk cannot exceed 5% across spot positions

Trading Spot without a Stop Loss:

Diversification Requirement: At Hyrotrader, we emphasize the importance of diversification and risk management, especially in the volatile crypto market. To ensure balanced trading strategies, we have established specific requirements for spot trading as defined below:

Spot-Specific Cap: To prevent overconcentration in a single asset and safeguard against significant losses from market volatility, such as those experienced with Terra LUNA.

Rule: No more than 3% of the total account balance may be allocated to a single spot position, and the total balance at risk across all spot positions cannot exceed 5% at any given time when trading spot without a stop loss.

Example: With a $100,000 account, you may allocate up to $3,000 to a single asset and a total of $5,000 across all spot trades. This applies only when trading spot without a stop loss.

Trading Spot with a Stop Loss:

Spot trading with a stop loss offers additional flexibility but requires careful risk management:

While there’s no cap on the amount invested in a single trade when using a stop loss, the maximum loss must not exceed 3% of the account balance.

Example: Entering a trade for asset A at $2.00 with a stop loss at $1.00, and buying 3,000 units, utilizes $6,000. However, if the stop loss is triggered, your loss would be $3,000 (the difference between the entry price and stop loss, multiplied by the number of units), which complies with the 3% rule, as the loss does not exceed the threshold relative to the total account balance.

We require all our spot traders to inform us if they are trading spot to avoid risking the loss of their challenge. Once you place a spot order, you cannot change your trading style.

Combining spot and margin trading on one account is prohibited. If you want to trade both, you are allowed to have two challenges: use one for trading spot and the second for futures.

To ensure a smooth evaluation process for all users, the following actions are strictly prohibited when trading with HyroTrader (this includes all phases: challenge, verification, demo live):

1. Requesting Extra Demo Funds on Your Challenge: Clicking on the “request funds” button to obtain additional demo funds beyond the initial allocation provided for challenges.

2. More than 2 Active Challenges per User: You can have up to 2 active challenges simultaneously, with a maximum combined capital allocation of $200,000 across the HyroTrader Challenges and Verification stages.

3. Deleting or Changing API Key: Deleting, altering, or attempting to change the API key in any way.
Violation of these rules will result in failing the challenge without exception. We take these matters seriously to maintain a fair and positive experience for everyone.

4.Trading EUR/USD Pair: Trading the EUR/USD pair is prohibited.

5. Combining spot and margin trading on one account is prohibited.

If you have any questions or need to report a violation, please contact our support team at [email protected] .

Yes, you can. However, please be aware that you have 3 minutes from entering the trade to set the stop loss. Additionally, if trading with high leverage above 25x, we require all our traders to set a stop loss before entering the trade. Failing to adhere to any of these requirements would constitute a breach of the rules and result in failing the challenge.

Trading solely based on news events is not allowed as we consider it a highly risky strategy. However, during news events, you do not need to close your positions; you can continue trading as usual.

This rule is designed to ensure a sustainable track record during Phases 1-3. Once you reach the profit goal for a specific phase, we evaluate trades exceeding 40% of the total profit. If a trade exceeds this threshold, we may require further profitable trades for validation.

Example: Your profits from winning trades total $550, with one trade amounting to $250, which exceeds 40% of the total profits. If you add another win of $170, making the total profits $720, the $250 trade would then be less than 40% of the total.

No, you can trade only one of them at a time. It’s recommended to have separate accounts for spot trading and futures trading. Trading both on a single account can be complex and increase the risk of drawdowns.