Unbiased Prop Firm Data, Reviews & Comparisons
For Traders vs HyroTrader
Every figure below is computed from the same normalised dataset, so the two firms are measured on identical terms.
For Traders vs HyroTrader — the short answer
For Traders is the cheaper route to a $100,000 funded account at $5 against $579 for HyroTrader — a difference of $574. Across 9 directly comparable measures in Prop Firm Pal's like-for-like data, For Traders leads on 4 and HyroTrader on 3.
4
Measures where For Traders leads
3
Measures where HyroTrader leads
2
Measures where they are level
13
Rows with no winner
Where For Traders wins
4- Evaluation cost to a $100,000 account$5
- Cheapest evaluation cost per $1,000 funded$0.05
- Cheapest evaluation entry price$5
- Phase 1 profit target2%
Where HyroTrader wins
3- Daily drawdown limit4%
- Maximum drawdown limit6%
- Founded2022
Side by side
22A value in green is more favourable to the trader on a measure with a defensible direction — cheaper, more drawdown room, a lower target. Rows where the better choice depends on how you trade, such as leverage or platform support, are left plain. Prop Firm Pal earns affiliate commission from some listed firms; this never affects the figures.
Cost
Evaluation cost to a $100,000 account
The fairest like-for-like price: entry prices are not comparable when the smallest account differs.
$5
$579
Cheapest evaluation cost per $1,000 funded
$0.05
$4.85
Cheapest evaluation entry price
The smallest account each firm sells — useful for a first attempt, not for comparing value.
$5
$59
Instant funding to $100,000
Priced on a different basis to an evaluation — there is no challenge to pass.
$878
Not offered
Programme
Evaluation types offered
1-step, 2-step, 3-step, instant +1 more
1-step, 2-step
Maximum advertised profit split
Usually requires a scaling plan or a paid add-on rather than being the default.
80%
80%
Phase 1 profit target
2%
10%
Account sizes sold
$3,000, $6,000, $15,000, $25,000, $50,000 +1 more
$5,000, $10,000, $25,000, $50,000, $100,000 +1 more
Risk rules
Daily drawdown limit
A larger limit is more room to trade, not a better product.
3%
4%
Maximum drawdown limit
5%
6%
Maximum drawdown style
Static is fixed from your starting balance. Trailing follows your peak and is harder to trade.
Trailing
Not published
Drawdown measured on
Equity counts open positions in real time. Balance counts only closed trades.
Equity
Not published
Payouts
Payout frequency
Every 14 days on forex Fast, Fast Static, Classic, Instant and Instant PRO and on crypto Fast and Instant; on demand on Pay After Pass, crypto Fast Pro and futures accounts
On demand; a payout can be requested from the same day as the first trade on the account
Payout methods
Bank Transfer, Crypto, Riseworks
USDT, USDC
Payment methods accepted
Cryptocurrency, Visa, Mastercard
Credit card, Debit card, USDC, USDT
Platforms & markets
Trading platforms
cTrader, MT4, Trade Locker
Bybit, Tealstreet, Cleo
Instruments
Forex, Metals, Indicies, Energies
USDT perpetual futures
Maximum forex leverage
More leverage is more flexibility and more risk — neither firm is better here by default.
1:125
Not published
Track record
Community rating
4.2/5 (5)
No reviews yet
Founded
Longer in market is more track record, all else equal.
2023
2022
Company location
United Arab Emirates
United Arab Emirates
Prop Firm Pal verification
Sourced, not verified
Sourced, not verified
Frequently asked questions
6For Traders is cheaper for an evaluation to a $100,000 funded account at $5, against $579 for HyroTrader. Entry prices differ too — For Traders starts at $5 and HyroTrader at $59 — but those are for different account sizes, so they are not a like-for-like comparison.
Both advertise a maximum profit split of 80%. The top split is usually gated behind a scaling plan or a paid add-on at either firm, so check what the split is on a first account.
Daily drawdown is 3% at For Traders and 4% at HyroTrader. Maximum drawdown is 5% and 6% respectively. For Traders uses a trailing maximum drawdown while HyroTrader uses a not published one — a trailing limit follows your peak balance and is materially harder to trade around than a static one fixed to your starting balance.
For Traders supports cTrader, MT4, Trade Locker. HyroTrader supports Bybit, Tealstreet, Cleo.
For Traders scores 4.2/5 from 5 reviews and HyroTrader scores no reviews yet on Prop Firm Pal. Review scores are trader-submitted and are independent of any commercial relationship.
On the 9 directly comparable measures on this page, For Traders leads on 4 and HyroTrader on 3, with 2 tied. Which of those measures matters depends on how you trade: cost matters most if you expect to need several attempts, drawdown style matters most if you hold positions overnight, and payout terms matter most once you are funded. Prop Firm Pal does not recommend one firm over another, and earns affiliate commission from some listed firms.
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To save money on a funded trading account, traders can use verified prop firm discount codes available on Prop Firm Pal. By applying these promo codes during checkout, traders reduce the cost of evaluation challenges. Combining structured comparisons with active discounts helps traders choose competitive programs while lowering upfront costs.
Prop trading is generally legal in most countries, but the regulatory status of specific prop firms can vary. Some jurisdictions have introduced rules affecting how prop firms operate or market their services. Certain prop firms also restrict access to traders in specific countries. Prop Firm Pal includes restricted country information on individual firm pages so you can quickly check whether a firm is available to traders in your region.
Yes, most prop firms charge a one-time challenge fee to enter an evaluation program. This fee typically ranges from around $50 for smaller account sizes to several hundred dollars for larger funded accounts. The fee covers access to the evaluation environment. If you pass, some firms refund the challenge fee with your first payout. Firms offering free challenges are rare and often compensate by taking a larger profit split or applying stricter conditions.
The best prop firm for futures trading will offer access to CME or exchange-listed contracts, clear rules around leverage and contract limits, and a payout structure suitable for high-frequency or systematic futures strategies. Futures prop firms often operate differently from forex-focused ones, with different fee structures and account types. Prop Firm Pal includes futures-focused firms in its comparisons so you can evaluate which programs support your preferred instruments and trading approach.
Each prop firm page on Prop Firm Pal includes a detailed company overview, evaluation rules, profit targets, drawdown limits, profit split information, available account sizes, trading instruments, restricted countries, FAQs, and user reviews. We aim to provide everything a trader needs to evaluate a funded trading program in one place.
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