HyroTrader

HyroTrader lets a trader run a crypto perpetuals challenge on their own exchange demo account, which is the thing it claims to have introduced to crypto proprietary trading. Connect a Bybit demo account by API and the challenge covers 700+ USDT perpetual pairs; connect a BloFin demo account and it covers 80+ USDT-M futures pairs; or skip the API and use HyroTrader's own platform, fed by live Bybit market data with realistic fees and slippage. Tealstreet and Tiger.com terminals run on Bybit data as well. The accounts are demo accounts priced from the live order book rather than trading against it, and HyroTrader, launched in 2023 after building from 2022, describes them that way. Spot trading, USDC perpetuals, COIN-M futures and options are off limits, so the product stays on USDT-margined perps.

HyroTrader's pages cover leverage in detail, up to 150x on BTC and ETH on Bybit and BloFin, lower on most pairs, and up to 100x+ on its own platform depending on the pair. Its terms also settle funding: simulated funding and financing charges reduce profit and increase loss, and they count when the firm checks targets and loss limits. The daily drawdown is defined precisely: a floor set at start-of-day equity minus a fixed percentage of the initial balance, resetting at 00:00 UTC, where equity includes floating profit and loss and fees. Low-cap assets carry their own cap, with total exposure across them limited to 5% of the initial balance including leverage, and only 40% of profit from breaching low-cap trades may count toward the target.

Four programmes sit under the challenge selector. Hyro Core starts from $9 with a 10% profit target, a 5% max loss and a 3% daily limit on a non-refundable fee. One-Step, from $69, has a 10% target, 8% max loss, 4% daily drawdown and 3 minimum trading days. Two-Step, from $59, targets 10% then 5% within a 10% max loss and 5% daily limit, with 4 minimum days per phase; both step products take a refundable deposit. Hyro Instant, from $169, needs no evaluation but applies a 5% max loss, a 3% daily limit and a 2% max loss per trade, where one breach is a warning and a second ends the account. Accounts reach $200,000, there is no deadline, and on Core, One-Step and Two-Step no single trading day may count for more than 40% of the profit target during evaluation.

Payouts are in USDT or USDC, usually within 24 hours, with positions closed and at least $25 in profit after the split; a Hyro Instant first payout also needs 3 qualifying trading days. HyroTrader starts every funded account on an 80% profit split and can raise it to 90% on Instant, One-Step and Two-Step, while Core stays at 80%. Overnight and weekend holding are allowed, and news trading is allowed provided a strategy is not based solely on exploiting news events. Martingale is prohibited and hedging one challenge against another is banned, although hedging inside a single account is allowed where the platform supports it.