How we checked this: On 13 November 2026 we read HyroTrader’s trading rules, its help pages, its checkout price list and its payout page. The first draft described rules that HyroTrader changed earlier in November. It listed the Zero-Step challenge, which is no longer sold, and older limits for One-Step. We replaced those figures and added the dollar sums. CoinCodeCap edited the piece with AI help.
TL;DR
- You pay for a test, called the challenge. If you pass, the firm pays you a share of the profit from an account it provides.
- That account is usually a demo account on live prices. The payout is real money, paid under a contract.
- Break the daily loss limit or the maximum loss limit and the attempt ends, whatever the account earned before.
- At HyroTrader on 13 November 2026, a challenge cost $9 to $1,299, and one payout request covered profit of up to 5% of the starting balance.
⚠️ Risk warning: You can lose the full price of a challenge. Many traders don’t pass, and a new attempt means paying again. A challenge is a test on a simulated account, so the price buys no stake in any market.
Crypto prop trading lets you trade an account that a firm provides, once you pass a paid test of your trading. The firm then pays you an agreed share of the profit the account makes.
The money you put in pays for the test. It doesn’t fund the trading balance. So a trader with skill but little capital can earn from a much larger balance than they could fund alone.
What a Crypto Prop Firm Is
A prop firm (short for proprietary trading firm) is a company that gives traders an account to trade once they show they can manage risk. Crypto prop firms apply the model to crypto, so the account trades contracts such as perpetual futures.
A perpetual future follows a coin’s price and never expires. A position can stay open as long as its margin holds. Margin is the collateral that keeps a leveraged position open.
The paid test is called the challenge. It comes with a profit target to reach and loss limits to stay inside. Reach the target without breaking a limit and you move to the funded account, where you receive a share of the profit. That share is the profit split.
The funded account can be a simulated (demo) account that follows live market prices, with your share paid in real money under a contract. Check this at any firm before you pay. At such a firm, “funded” describes a payout agreement, and no money is placed in the market for you.
How the Challenge Is Scored
The challenge decides whether you are funded at all, so read its rules first. Breaking any limit ends the attempt, and another try means paying for a new challenge.
A firm can also ask for a minimum number of trading days. That way the result rests on more than one good session.
The Profit Target
The profit target is the gain the account must reach, written as a percentage of the starting balance. Some challenges have a single phase with one target. Others add a second phase, often with a smaller target, to confirm that the first result was not a lucky streak.
The Loss Limits
Two loss limits run at the same time. The daily limit caps how much the account may lose within one day, and it resets each day. The maximum limit caps the total loss measured from the starting balance. Reaching either one closes the account, no matter how much it earned before.
Loss limits also differ in whether they move. A static limit is a fixed amount set from the starting balance, so a good run never shrinks the room you have.
A trailing limit rises with every new high in the account and never comes back down. A winning trade that later gives back part of its gain can leave you closer to the limit than when you started.
Where the Trades Are Placed
A crypto prop challenge runs in one of two places, and the difference shows up in how your orders are filled. Some firms connect to a demo account you open at a crypto exchange. They use the exchange’s API, the link that lets outside software place orders on your account. Other firms run the challenge on their own trading platform, which needs no exchange account at all.
On an exchange demo account, the exchange’s own demo system handles each order. On a firm’s own platform, the firm’s software fills the order from live prices and adds trading fees and slippage. Slippage is the gap between the price you expect and the price a large order gets.
If you already know one exchange’s order screen, the first route lets you keep it. If you have no exchange account, or you live where the exchange doesn’t operate, the firm’s own platform is your only option.
How Payouts Reach the Trader
Once the account is funded, you request a payout from the profit it has made, and the firm pays your share. A crypto prop firm can pay in stablecoins such as USDT or USDC, tokens built to hold a value of one US dollar. They arrive in a crypto wallet without a bank transfer.
Payout terms decide what a profitable month is worth. They set how soon a request is paid and the most one request can cover, which is the payout cap.
Some firms send payouts on a public blockchain and publish the transaction IDs. Anyone can look those up, so you can check for yourself that the payouts happened.
How HyroTrader Sets These Rules
HyroTrader, a crypto prop firm, launched in 2023. It says it introduced the first direct exchange link in crypto prop trading, which lets traders run a challenge on their own exchange demo account.
Every HyroTrader account is a simulated account on live market data, and the firm states that there is no real-capital stage at any point. The payouts are real. Accounts trade USDT perpetual futures only, so spot trading and options are not offered. Our HyroTrader review looks at the firm in more depth.
Where the Challenge Runs
You choose the route after buying a challenge. You can connect your own Bybit demo account or your own BloFin demo account through the exchange’s API, and trade on the exchange you already use.
You can also trade through the Tealstreet or Tiger.com terminals. Both are trading screens that run on Bybit’s market data. HyroTrader says the two terminals are not available in the United States or in countries where Bybit is restricted.
If you have no exchange account, Hyro runs the challenge directly. Hyro is the firm’s own platform, and it simulates fees and slippage on every fill. HyroTrader lists more than 700 pairs on Bybit and Hyro and more than 80 on BloFin.
4 Programmes and Their Rules in Numbers
On 13 November 2026 HyroTrader sold four programmes. Hyro Core, One-Step and Two-Step are challenges. Hyro Instant skips the challenge and gives a funded account from the first day, a model often called instant funding.
All the loss limits are static, and the same limits apply on the funded account. No programme has a time limit, and you can hold positions overnight and over the weekend.
| Programme | Profit target | Minimum trading days | Daily loss limit | Maximum loss | Account sizes | Price |
|---|---|---|---|---|---|---|
| Hyro Core | 10%, one phase | 4 | 3% | 5% | $2,500 to $100,000 | $9 to $349 fee, kept once activated |
| One-Step | 10%, one phase | 3 | 4% | 8% | $5,000 to $200,000 | $69 to $1,299 deposit, refundable |
| Two-Step | 10%, then 5% | 4 in each phase | 5% | 10% | $5,000 to $200,000 | $59 to $969 deposit, refundable |
| Hyro Instant | None | 3 before the first payout | 3% | 5% | $5,000 to $100,000 | $169 to $2,799 fee, not refundable |
HyroTrader returns the deposit on One-Step and Two-Step with your first payout from the funded account. You lose it if the attempt fails. The firm keeps the Hyro Core fee once you activate the challenge.
HyroTrader stopped selling its Zero-Step challenge in November 2026. Traders who already hold a Zero-Step account keep its rules.
Two smaller rules decide how fast you can pass. On the three challenges, a single trading day counts for at most 40% of the profit target. And a day counts as a trading day only if you close a trade worth at least 5% of the starting balance, with a result of at least 1% of the trade’s value.
What the Limits Mean in Dollars
Percentages hide how much room you have. Here are the same rules on a $100,000 account, the largest size that all four programmes share.
| Programme | Price at $100,000 | Profit target | Daily loss limit | Maximum loss |
|---|---|---|---|---|
| Hyro Core | $349 fee | $10,000 | $3,000 | $5,000 |
| One-Step | $749 deposit | $10,000 | $4,000 | $8,000 |
| Two-Step | $579 deposit | $10,000, then $5,000 | $5,000 | $10,000 |
| Hyro Instant | $2,799 fee | None | $3,000 | $5,000 |
The 40% rule sets a floor of its own. With a $10,000 target, one day can add at most $4,000 toward it, so passing takes at least three profitable days on any of the challenges.
Trading Rules on the Funded Account
HyroTrader doesn’t require stop-loss orders. During the challenge, leverage is whatever the chosen platform allows.
Once you are funded, HyroTrader adds two exposure limits that the challenge doesn’t have. Open positions may use at most 25% of the starting balance as margin, and their total size may not pass twice the starting balance. The first breach of a limit brings a warning, and the next one ends the funded account.
On a $100,000 account, that means at most $25,000 of margin and $200,000 of open positions. A platform may offer 100x leverage, but a funded account can’t hold more than twice its starting balance. A style that relies on large positions can pass the challenge and then not fit these limits, so check them before you start.
HyroTrader also bans the Martingale method and hedging one account against another. It limits low-cap coins to 5% of the starting balance.
What the Funded Account Pays
A trader can hold up to $200,000 across funded accounts. The profit split is 80%. On One-Step, Two-Step and Hyro Instant, HyroTrader can raise it to as much as 90% at its discretion. Hyro Core stays at 80%.
HyroTrader pays on request, with no fixed payout schedule, and says it usually sends a payout within 24 hours. You can choose USDT on Tron or Solana, or USDC on Solana or Arbitrum. The firm charges no withdrawal fee. You must close all positions before you ask.
You can request a payout once your share of the profit reaches $25. At an 80% split, that is $31.25 of profit.
Each request covers profit of up to 5% of that balance, and profit above the cap is not paid and doesn’t carry over. On a $100,000 account, one request covers $5,000 of profit, which pays $4,000 at an 80% split. To keep all of your profit, request a payout each time the account is up 5%.
The cap and the exposure limit work together. With positions at the $200,000 ceiling, a price move of 2.5% your way earns the full $5,000 that one request can cover.
HyroTrader began sending payouts on the Solana blockchain in April 2026. Each Solana payout carries a public transaction ID, unless the trader chooses to hide it. HyroTrader doesn’t publish payouts on Tron or Arbitrum this way. On 13 November 2026 its payout page showed $9,496,114 paid to funded traders since 2023, with 99.1% of payouts sent within a day of the request.
Trying the Rules for Free
A free trial with no card required lets you try the platforms and the dashboard before paying. It runs for seven days on a demo account of up to $200,000, under its own rules: a 5% target, a 5% daily loss limit and a 10% maximum loss. It pays nothing out.
5 Things to Check Before You Pay
These checks apply to any crypto prop firm. Our list of the best crypto prop trading firms compares more of them.
- Read the loss limit rule first. If you let winners run, a trailing limit can end an attempt that a static one would have survived, and that matters more than a few points of profit split.
- Work out each limit in dollars at the account size you plan to buy. A 3% daily limit on $5,000 is $150.
- Match the route to how you trade. Your own exchange demo account lets you keep the order screen you know.
- Look at what you can trade and for how long. The crypto market never closes, so weekend holding suits positions held for days. A futures-only challenge doesn’t suit a spot or options trader.
- Ask how payouts work. Find out how soon the firm pays a request, what the cap is, and whether it publishes transaction IDs you can check yourself.
5 Questions About Crypto Prop Trading
Do crypto prop firms trade real money?
Often they don’t. Many crypto prop firms run both the challenge and the funded account on a simulated account that follows live prices. HyroTrader states that it has no real-capital stage at any point. The payout is real money, paid as a contractual share of the simulated result.
How much does a crypto prop challenge cost?
The price depends on the account size and the programme. On 13 November 2026, HyroTrader’s challenges cost $9 for a $2,500 Hyro Core account up to $1,299 for a $200,000 One-Step account. Its Hyro Instant account, which has no challenge, cost $169 to $2,799.
What happens if you fail a challenge?
The attempt ends when you break a loss limit. The firm keeps the fee, or you lose the deposit, and a new attempt means paying for a new challenge.
What is the difference between a static and a trailing loss limit?
A static limit is a fixed amount set from the starting balance. A trailing limit rises with each new high in the account and never comes back down, so a winning trade that gives back part of its gain can leave you closer to the limit.
How do crypto prop firms pay traders?
Many pay in the stablecoins USDT or USDC to a crypto wallet. HyroTrader pays USDT on Tron or Solana and USDC on Solana or Arbitrum. A request needs at least $25 of profit after the split and covers profit of up to 5% of the starting balance.
Bottom line: A crypto prop challenge is a paid test, and the account you win is a payout contract on a demo balance. Before you pay, turn each rule into dollars at your account size: the loss limits, the payout cap and the price. At HyroTrader the loss limits are static, a challenge costs $9 to $1,299, and one payout request covers profit of up to 5% of the starting balance.
We read the rules and prices on HyroTrader’s site on 13 November 2026, and they can change. HyroTrader’s trading rules page is the binding version of every limit. Nothing in this article is financial advice.
Related Reading
Crypto Prop Firms
- 10 best crypto prop trading firms (the ranked list)
- HyroTrader review (one firm in depth)
- Best crypto prop firms (real exchange accounts against CFD accounts)
- 5 best crypto prop firms for perpetual futures (for futures traders)
- 5 best crypto prop firms with instant funding (accounts with no challenge)
Rules and Loss Limits
- 6 best prop firms with static drawdown (limits that stay fixed)
- 6 best prop firms with trailing drawdown (limits that follow the account up)
- 4 prop firms with no time limit challenges (no deadline to pass)
- Prop firms with the least restrictive rules (fewer trading bans)
Fees and Payouts
- Hidden fees in prop trading firms (costs beyond the challenge price)
- 4 best prop firms with the lowest challenge fees (cheapest ways to start)
- 5 best prop firms with no withdrawal cap (no ceiling on a payout)
- 4 best prop firms with the highest profit split (the largest trader share)
- 4 prop trading firms that actually pay traders (payout records)
Comparisons and Basics
- What is prop trading? (the model outside crypto)
- Crypto prop firms vs forex prop firms (how the two differ)
- Crypto prop firms vs futures prop firms (markets, rules and hours)
- Are crypto prop trading firms worth it? (costs set against payouts)
