HyroTrader – Firm Review
- Lightning-fast execution for market professionals
- Experienced mentors guide your journey
- Profit splits reaching ninety percent
- Instantaneous withdrawals at your convenience
- Cutting-edge platform with unmatched support
Company Overview
HyroTrader stands out as a modern prop trading firm offering traders the opportunity to access significant capital without risking their own funds. Founded with the mission to empower traders globally, HyroTrader provides a comprehensive evaluation process through their challenge programs designed to identify disciplined and profitable traders. What sets HyroTrader apart is their transparent approach to funding, competitive profit splits, and flexible trading conditions.
The company offers both Standard and Professional challenge models, catering to different trading styles and experience levels. With account sizes ranging from $10,000 to $200,000, traders can select options that match their comfort level and expertise. HyroTrader emphasizes a merit-based system where consistent performance leads to increased capital allocation and higher profit splits. Their platform supports trading across multiple markets including forex, indices, commodities, and cryptocurrencies, giving traders diverse opportunities to demonstrate their skills.
Key Features at a Glance
Challenge Fees
- $10,000 Account – $99 one-time fee to access the evaluation program
- $25,000 Account – $199 one-time fee with no recurring charges
- $50,000 Account – $299 providing excellent value for larger capital access
- $100,000 Account – $499 for serious traders seeking significant capital
- $200,000 Account – $799 offering the highest potential earning opportunity
Account Types
- Standard Challenge: Two-phase evaluation with balanced trading objectives suitable for most traders
- Professional Challenge: Accelerated evaluation with more aggressive profit targets for experienced traders
- Funded Account: Access to live capital after successfully completing the evaluation phases
- Scaling Account: Opportunity to increase account size after demonstrating consistent profitability
Profit Split Options
- Standard Split: 80/20 profit sharing in trader’s favor for all funded accounts
- Performance-Based Scaling: Opportunity to increase profit split to 85/15 after consistent performance
- Elite Trader Program: Top performers can qualify for 90/10 profit split after demonstrating exceptional results
- Bi-weekly Payouts: Regular profit distribution every two weeks for consistent cashflow
Account Sizes
- $10,000: Entry-level account ideal for beginners starting their trading journey
- $25,000: Mid-tier account offering balanced capital for intermediate traders
- $50,000: Professional-level account for experienced traders seeking substantial capital
- $100,000: High-capacity account for advanced traders with proven strategies
- $200,000: Elite account size for top-tier traders with exceptional risk management
Trading Platforms
- MetaTrader 4: Industry-standard platform with comprehensive charting tools and indicators
- MetaTrader 5: Next-generation platform offering advanced features and multi-asset trading
- TradingView: Web-based platform with superior charting capabilities and social trading features
- cTrader: Advanced platform with depth of market visibility and sophisticated order types
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads
- Indices: Global stock indices including S&P 500, NASDAQ, DAX, and more
- Commodities: Energy products, precious metals, and agricultural commodities
- Cryptocurrencies: Major digital assets including Bitcoin, Ethereum, and others
- Stocks: Selected equities from major global exchanges
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | 30 days | 60 days |
| Profit Target | 8% | 5% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 10 days | 10 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 12% | 8% |
| Daily Drawdown | 6% | 6% |
| Maximum Drawdown | 12% | 12% |
| Minimum Trading Days | 8 days | 8 days |
Challenge Specifications
- Max Allocation: Up to $1,000,000 for exceptional traders with consistent performance
- Scaling: Account size increases by 25% after every 10% profit milestone
- Trading Competitions: Monthly challenges with additional cash prizes and account size boosts
- Free Trial: 3-day demo account to test the platform before committing to a challenge
- Profit Targets: Customized based on account size and challenge type, ranging from 5-12%
- Drawdown Structure:
- Daily: 5-6% maximum loss from the previous day’s closing balance
- Maximum: 10-12% total loss from starting balance
- Trailing: Not implemented – fixed drawdown levels for clarity
Trading Rules and Requirements
- No arbitrage or latency exploitation strategies permitted
- No hedging between multiple accounts or using correlated instruments
- Maximum position holding time of 7 days (no swing trading beyond this period)
- Weekend holding positions allowed with proper risk management
- News trading permitted but with reduced leverage during high-impact events
- Automated trading and EAs allowed if developed by the trader
- No copy trading or signal following from external sources
- Minimum of 5 trading days per month required for funded accounts
Company Information
- Founded in 2020 by a team of professional traders and financial technologists
- Headquartered in London with additional offices in Singapore and Dubai
- Partners with tier-1 liquidity providers for best execution and tight spreads
- 24/5 customer support via live chat, email, and phone
- Educational resources including webinars, trading courses, and strategy guides
- Active community forums and trader networking opportunities
Payout Methods
- Bank Wire Transfer (2-3 business days)
- PayPal (1-2 business days)
- Skrill (Same day processing)
- Cryptocurrency (Bitcoin, Ethereum) (Same day processing)
- Wise/Transferwise (1-2 business days)
- Revolut (Same day processing)
Trading Commissions
- Forex: $7 round turn per standard lot (100,000 units)
- Indices: $5 round turn per standard contract
- Commodities: $7 round turn per standard contract
- Cryptocurrencies: 0.1% of position value
- Stocks: $0.02 per share with $2.50 minimum per trade
IP Rules
- Maximum of 2 different IP addresses allowed per account
- VPN usage permitted but must be declared in advance
- Trading from mobile devices allowed with proper verification
- Location changes must be reported at least 24 hours in advance
- Multiple devices acceptable after verification
Video Review
Hyro Trader Review
Comprehensive review of HyroTrader trading services
Unique Features
Trading Flexibility
- No restrictions on trading styles (scalping, day trading, swing trading)
- Weekend position holding with appropriate risk management
- Custom challenge settings available for high-volume traders
- Multiple simultaneous challenges allowed for diversification
Trader Support
- One-on-one coaching sessions with professional traders
- Advanced analytics dashboard for performance tracking
- Trade journal integration for strategy development
- Community trading rooms and strategy sharing sessions
Why Choose HyroTrader?
HyroTrader stands out in the crowded prop firm landscape by offering a trader-centric approach that balances opportunity with realistic performance metrics. Their evaluation process is designed to identify disciplined traders while still being attainable for skilled market participants.
Key advantages include:
- Highly competitive 80/20 profit split favoring traders
- Transparent evaluation process with reasonable profit targets
- No time restrictions on professional challenges allowing for patient trading
- Rapid scaling opportunities with clear capital growth path
- Bi-weekly payouts for consistent cash flow
- Diverse market access including forex, indices, commodities, and cryptocurrencies
- Comprehensive educational resources and community support
Frequently Asked Questions
How long does it take to get funded?
After successfully completing both phases of the challenge, funded account approval typically takes 1-3 business days. The entire process, including both evaluation phases, can be completed in as little as two weeks for strong performers, though most traders take 1-2 months to progress through both stages.
Can I hold positions over the weekend?
Yes, weekend position holding is allowed with HyroTrader. However, traders should practice proper risk management given potential weekend gaps. There is no requirement to close positions on Friday, allowing for more flexible trading approaches and longer-term position management.
What happens if I break a rule?
Rule violations are handled on a case-by-case basis. Minor infractions typically result in warnings, while serious violations like attempting to exploit the system may lead to account termination. HyroTrader emphasizes education over punishment for first-time, unintentional rule breaches and provides clear guidance on compliance.
Can I trade news events?
Yes, news trading is permitted on HyroTrader accounts. However, during major economic releases, leverage may be temporarily reduced to manage risk. Traders are encouraged to check the economic calendar and plan accordingly, as spreads may widen during high-impact news events.
How often can I withdraw profits?
Profit withdrawals are processed on a bi-weekly basis. Once you reach funded status, you can request withdrawals every two weeks with no minimum withdrawal amount. The process is straightforward through the trader dashboard, and multiple payout methods are available including bank transfers, PayPal, and cryptocurrencies.
