Hyro Trader prop firm is a crypto prop trading company that offers 1-step and 2-step challenge types. The funded options range from 5k to 100k USDT. The pricing starts at 89 USD for the 5k 2-step challenge, and the 5k 1-step challenge will cost 119 USD. The firm promises up to 90% profit split, which is very competitive. The firm provides the ByBit platform for crypto trading, which has many features to conduct crypto trading in various asset classes such as crypto futures and options.
In this unbiased Hyro Trader review, we will assess the firm’s most important features to define its safety, rules, funded options and types, assets, platforms, pricing, support, and more.
| Pros | Cons |
|---|---|
| Competitive pricing starts at 89 USD | Only offers crypto trading |
| Up to 90% profit sharing | Does not allow news trading or weekend trading |
| Provides access to ByBit crypto platform | Lacks educational materials |
| Mobile trading is available | No phone support |
| FPA Score | Not rated yet |
| Year founded | 2023 |
| Headquarters | Czech Republic |
| Minimum audition fee | 89 USD |
| Fees on withdrawals | 0 USD |
| Minimum funded amount | 5,000 USDT |
| Maximum funded amount | 100,000 USDT |
| Allowed daily loss | 5% |
| Profit target | 10% |
| Maximum trailing drawdown | 10% |
| Profit sharing (Payouts) | Up to 90% |
| Trading Platforms | ByBit platform |
| Available trading markets | Crypto instruments only |
There are no Hyro Trader reviews on the Forex Peace Army (FPA), which is a red flag. On Trustpilot, the firm has around 200 reviews, and most of these reviews are positive, indicating the firm is reliable. When it comes to experience, Hyro Trader was launched in 2023, which makes it very young. However, it is backed by ByBit crypto trading platform which ensures the firm is not messing with pricing data feed. This is a very crucial part of safety assessment and indicates the firm is not acting as a broker.
The firm gets a 1.5 score in this section.
Hyro Trader funded programs are two, 1-step and 2-step challenges. There are no other challenge types available like instant and 3-step, but it is only a minor drawback. The Hyro Trader funding options list is the same for both accounts offered. The list of the Hyro Trader challenge funded options includes 5k, 10k, 25k, 50k, and 100k USD. The firm does not offer bigger funded accounts beyond 100k, which is disadvantageous.
The Hyro Trader scaling plan is available and allows traders to grow their funded accounts further, which is competitive.
As a result, the firm gets a 3 score in this section.
Hyro Trader prop trading assets include only digital currencies. There are plenty of crypto instruments available, and crypto traders can choose from hundreds of altcoins. There are no other asset types available, which is a downside. The leverage is 50x and 100x, which is more than enough to trade with considerable capital.
Overall, the firm only gets a 1 score in this section.
Hyro Trader rules include a 5% daily drawdown, a 10% maximum drawdown, and 10% and 5% profit targets on phases 1 and 2. News trading is not allowed, and traders can not trade on weekends. While the 10% maximum drawdown is generous, other rules are very prohibitive and traders have to be careful not to breach risk limits.
As a result, the firm gets a 1 score in this section.
The pricing is competitive at Hyro Trader, starting at 89 USD for the smallest 5k 2-step challenge. Let’s compare all prices to see which accounts are more attractive.
The 1-step Hyro Trader challenge requires the following rules:
The 2-step Hyro Trader challenges have the following requirements:
The Hyro Trader free trial is not offered and the Hyro Trader free repeat is not available either, which is a downside. However, pricing is very competitive and spreads are low.
Overall, the firm gets a 3 score in this section.
The firm offers access to the ByBit trading platform, which offers advanced capabilities and numerous built-in indicators. Mobile trading is available via the ByBit mobile app which offers full trading capabilities. However, this platform is inferior to advanced platforms like MT5.
Overall, the firm gets a 3.8 score in this section.
Hyro Trader profit split starts at 70% for all traders. After 4 months of trading profitably, traders get an 80% profit split. After an additional 4 months of trading, traders get a 90% profit split. This makes it a lengthy process to get a 90% profit split. Withdrawals have fees that are charged by the network.
The firm gets a 3 score in this section.
The firm does not provide educational materials except for a trading blog, which can not be used as a replacement for proper education. There are no tools offered either. The blog is useful for its tips and posts but can not be used for trading education.
As a result, the firm gets a 0.5 score in this section.
The firm offers only live chat and email options, which are flexible. The firm does not offer multilingual support or a website. There are no phone support options available, which is a downside.
Overall, the firm gets a 2.4 score in this section.
Our partner, XM, lets you access a free demo account to apply your knowledge.
No hidden costs, no tricks.
A Hyro Trader scam is very unlikely as the firm has positive reviews and is backed by a regulated crypto exchange.
Hyro Trader has competitive pricing, up to 90% profit-sharing, and positive trader reviews, which makes it a reliable prop firm.
The minimum fee is 89 USD for the 5k USDT 2-step challenge account.
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