According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $89
- Bybit’s web platform and mobile apps
- No hedging or Martingale strategies allowed
- Up to 1:100
Our Evaluation of Hyrotrader
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Hyrotrader is one of the best proprietary trading firms in the financial market with the TU Overall Score of 9.39 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Hyrotrader clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the firm’s clients are fully satisfied with the company.
Hyrotrader uses a two-step evaluation process to assess traders' professional skills, requiring adherence to certain rules during trading. Funding is provided solely for further cryptocurrency trading.
Brief Look at Hyrotrader
Hyrotrader, a cryptocurrency trading platform launched in 2020, pivoted its business model in 2023 to focus on prop trading services. The company partnered with Bybit, a major cryptocurrency exchange, enabling clients to trade on Bybit using the funding provided. Standard accounts offer trading capital ranging from $5,000 to $100,000, with a scaling plan designed to increase investment capital to $1,000,000. Hyrotrader is registered in Bratislava and operates in compliance with Slovak and European Union laws.
- Trading partnership with a major exchange with high liquidity;
- Unlimited attempts to pass the professionalism evaluation.
- Access to a wide range of trading instruments, including spot and derivatives;
- Ability to trade with leverage up to 1:100;
- There are no limits on the number of open positions at the same time;
- Five account types with one-time fees from $89 to $599 and payouts up to 90% of profits;
- 24/7 support through chat, WhatsApp, and Telegram.
- Hedging positions and high-risk trading strategies are prohibited;
- Initial funding provided to a trader is no more than $5,000;
- Access to a demo account requires a minimum payment of $89. There is no free trial version of the service.
TU Expert Advice
Financial expert and analyst at Traders Union
Hyrotrader is a prop trading firm that partners with Bybit. Both demo accounts and funded live accounts operate on Bybit's platform. Even if Bybit's services aren't directly accessible in a trader's region, they can still initiate the evaluation process with Hyrotrader using a VPN.
A key advantage of Hyrotrader's funding program is the ability to restart the evaluation process after failing a stage. Traders must adhere to specific trading day requirements: 10 days for stage 1 and 5 days for stage 2. However, taking breaks from trading is permitted. Additionally, there are no restrictions on the number of open positions, though traders should avoid excessively large positions to mitigate risk.
Accounts may be closed due to exceeding the maximum allowable loss, violating trading rules, or prolonged inactivity (90 days). The company accepts credit card payments, but profit withdrawals are exclusively in cryptocurrencies. Funded traders can retain up to 90% of their trading profits, one of the highest rates in the prop trading industry.
Hyrotrader Summary
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | Bybit’s web platform and mobile apps |
|---|---|
| 📊 Accounts: | Starter, Standard, Professional, Ultimate, The Trader |
| 💰 Account currency: | USD |
| 💵 Deposit / Withdrawal: | Credit cards, cryptocurrencies (BTC, ETH, LTC, DOGE, USDC, and others) |
| 🚀 Minimum deposit: | $89 |
| ⚖️ Leverage: | Up to 1:100 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | $1 |
| 💱 EUR/USD spread: | Exchange spread |
| 🔧 Instruments: | Cryptocurrency spot, perpetual contracts, futures, options |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | Bybit |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market, Limit, Stop Loss, Take Profit, OCO, Trailing Stop, Iceberg, TWAP |
| ⭐ Trading features: | No hedging or Martingale strategies allowed |
| 🎁 Contests and bonuses: | Yes |
Hyrotrader clients can trade all instruments available on the Bybit exchange, including spot cryptocurrencies, futures, and options. Bybit’s API can be used for live accounts but not during the evaluation stage. Positions can be held overnight and on weekends. No single trade should account for more than 40% of the total profit. Traders must follow risk management rules: losses on a position cannot exceed 3% of the total capital, and a stop-loss must be set for each trade.
Hyrotrader Key Parameters Evaluation
Share your experience
- Best
- Last
- Oldest
Challenge rules and pricing
Hyrotrader provides access to funding up to $100 000, with challenges requiring at minimum of 10 trading days. The entry-level plan starts at $89, and the fee is refundable if the challenge is successfully completed.
- Instant funding available
- Free demo account available
- Above-average entry cost — from $89
- No free evaluation option
Hyrotrader Challenge fees and plans
We compared Hyrotrader’s challenge plans by key parameters including pricing, profit targets, loss limits, and managed capital.
Available Trading Plans
| Trading Plans | Managed amount, USD | Price, $ | 1 step profit target, $ | 2 - Profit target, $ | Daily loss,% | Max. loss, % |
| Starter |
|
|
|
|
|
|
| Standard |
|
|
|
|
|
|
| Professional |
|
|
|
|
|
|
| Ultimate |
|
|
|
|
|
|
| The Trader |
|
|
|
|
|
|
What’s the minimum trading period for Hyrotrader’s challenge?
A minimum of 10 trading days is required, regardless of how quickly you reach the profit target.
Does Hyrotrader offer a free evaluation?
No, Hyrotrader does not offer a free evaluation option. If you’re looking for firms that do provide this feature, you may consider exploring other companies that support free challenge models, such as: Funded Trading Plus, Emerge Profit, City Traders Imperium.
Is instant funding available at Hyrotrader?
Yes, Hyrotrader offers instant funding. Details may vary by plan, so we recommend checking the latest terms on the company’s official website.
Trading rules
Hyrotrader outlines the main rules for funded accounts, including a max. loss of 10% and a daily loss limit of 5%. The firm also restricts certain trading strategies, which are detailed below.
- Flexible max loss limit
- Trading bots (EAs) allowed
- Flexible leverage up to 1:100
- News trading not allowed
- Copy trading not allowed
Hyrotrader trading conditions
We compared Hyrotrader’s leverage and trading conditions with competitors to help you better understand how it measures up.
| Hyrotrader | Hola Prime | SabioTrade | |
| Max. loss, % | 10 | 5 | 6 |
| Max. leverage | 1:100 | 1:100 | 1:30 |
| Weekend close rule | No | No | No |
| Mandatory Stop Loss | Yes | No | No |
| Trading bots (EAs) | Yes | Yes | Yes |
| News trading | No | Yes | Yes |
| Scalping | Yes | No | Yes |
| Copy trading | No | No | No |
Deposit and withdrawal
Hyrotrader earned a Medium score based on how smoothly and conveniently traders can deposit and withdraw funds.
The deposit and withdrawal options at Hyrotrader meet most standard requirements and are in line with what many prop firms provide.
- On-demand withdrawals
- Bank сard deposits and withdrawals
- Bitcoin (BTC) supported
- PayPal not supported
- Limited deposit and withdrawal options
- Wise not supported
Deposit and withdrawal options
To help you evaluate how Hyrotrader performs, we compared its deposit and withdrawal methods with those of two competing proprietary trading firms.
Hyrotrader Payment options vs Competitors
| Hyrotrader | Hola Prime | SabioTrade | |
| Bank Card | Yes | Yes | Yes |
| Bank Wire | No | No | No |
| Crypto | Yes | Yes | Yes |
| PayPal | No | Yes | No |
| Wise | No | No | No |
| Payoneer | No | No | No |
| Skrill | No | No | No |
| Neteller | No | No | No |
Profit withdrawal frequency
We compared Hyrotrader with other prop firms based on how frequently traders can withdraw their profits: on demand, weekly, or monthly. Firms that allow more frequent payouts offer greater flexibility and quicker access to earnings.
| Hyrotrader | Hola Prime | SabioTrade | |
| On demand | Yes | No | Yes |
| Weekly | No | Yes | No |
| Biweekly | No | Yes | No |
| Monthly | No | Yes | No |
What base account currencies are available?
Hyrotrader offers the following base account currencies:
Trading Account Opening
To access your user account on the Hyrotrader website, follow the registration instructions below:
In the menu listing the available account types, select the appropriate option. Click on "Get Started."
Fill out the registration form and make the payment using cryptocurrency or a credit card.
After making the payment, go to the main page of the website and select the login option. Enter the email and password sent by the company to your email.
Regulation and safety
Hyrotrader is a brand of Hyro Finance, j. s. a., a company registered in Slovakia. It is listed in the Commercial Register of the Municipal Court in Bratislava under number C 255/B. The identification number for Hyrotrader is 55072275.
Advantages
- The company is registered within the European Union, not in an offshore zone.
- The company operates under the regulations of the Capital Market Undertakings Act No. 256/2004 Coll.
- Hyrotrader accepts traders globally.
Disadvantages
- Hyrotrader is not directly involved in cryptocurrency trading.
- Hyrotrader is not responsible for the precise and accurate execution of trades on the Bybit exchange.
- Hyrotrader's activities are not regulated in any specific country.
Markets and tradable assets
Hyrotrader has a score of 5.5/10, indicating an Average offering of markets and tradable assets.
- Futures available
- Options trading available
- Crypto trading available
- Stock trading not allowed
- Indices not accessible
Tradable markets
We compared the range of tradable instruments offered by Hyrotrader with two leading competitors to highlight the differences in market access.
| Hyrotrader | Hola Prime | SabioTrade | |
| Futures | Yes | No | No |
| CFDs | No | Yes | Yes |
| Forex | No | Yes | Yes |
| Options | Yes | No | No |
| Stocks | No | No | No |
| Crypto | Yes | Yes | Yes |
| Indices | No | Yes | Yes |
Investment Options
Hyrotrader does not focus on working with investors. The company seeks active traders who will use its funds to trade in cryptocurrency markets.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Partnership Program of Hyrotrader:
The company offers a multi-level partnership program available to all registered traders. The referrer earns a reward when new clients they invite pay for a tariff plan. The partnership program conditions are as follows:
-
Bronze (up to 50 buys): the main partner receives 10%, sub-partners receive 20% (level 1) and 10% (level 2);
-
Silver (50 to 100 buys): the base fee is 12%, the reward for first-level sub-partners is 25%, and second-level sub-partners get 15%l;
-
Gold (more than 200 buys): the referrer earns 15%, and sub-partners receive 30% (level 1) and 20% (level 2).
Funds can be requested as soon as they are credited. The company processes withdrawal requests within 48 hours.
Customer support
Hyrotrader offers 24/7 support. The company communicates with current and potential clients in English.
Advantages
- Access to chat 24/7
- Wide range of communication channels
Disadvantages
- During peak times, responses to inquiries may be delayed via email
- No option to request a callback
Support is available to traders through:
-
Online chat on the website;
-
WhatsApp;
-
Telegram;
-
Phone;
-
Email.
Traders can contact the company using the phone number +44 20 4538 9891.
Contacts
| Registration address | Hyro Finance, j. s. a., Kopčianska 10 851 01 Bratislava – mestská časť Petržalka |
|---|---|
| Official site | https://www.hyrotrader.com/ |
| Contacts |
+44 20 4538 9891.
WhatsApp +44 7707 963142 |
Education
Although Hyrotrader is a prop trading firm focused on finding experienced traders with successful strategies, it does offer both basic and advanced training. This training is not available on the company's website but is provided through Discord.
On the Discord platform, you can interact with other Hyrotrader clients, discussing markets, sharing experiences, and exchanging practical advice and recommendations.
Comparison of Hyrotrader to other prop firms
| Hyrotrader | FundedNext | Hola Prime | SabioTrade | FTMO | Forex Prop Firm | |
| Trading platform |
Bybit’s web platform and mobile apps | MetaTrader4, MetaTrader5, cTrader | MetaTrader5, Match Trader, DXTrade, cTrader | Exclusive QuadCode trading platform (web, mobile app, desktop) | MetaTrader4, MetaTrader5, cTrader, DXTrade | Match Trader |
| Min deposit | $89 | $32 | $48 | $119 | $155 | $94 |
| Leverage |
From 1:1 to 1:100 |
From 1:1 to 1:100 |
From 1:1 to 1:100 |
From 1:1 to 1:30 |
From 1:1 to 1:100 |
From 1:1 to 1:30 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 0.1 points | From 0.9 points | From 0 points | From 0 points |
| Level of margin call / stop out |
No | No | No | 100% / 50% | 50% / 50% | 80% / 50% |
| Order Execution | Market Execution | N/a | Market Execution | Market Execution | Instant Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | No | No |
Detailed Hyrotrader review
Hyrotrader has significantly simplified trading conditions for those seeking funding. The maximum amount a trader can receive, according to the evaluation rules, is $100,000. However, Hyrotrader also offers a scaling plan that allows successful clients to increase their deposit by 25% every four months, up to $1 million.
Hyrotrader by the numbers:
-
Over 4 years of experience in the cryptocurrency market;
-
More than 10,000 traders from different countries using demo accounts;
-
Support for trading over 100 cryptocurrencies;
-
Capital provided to over 50 traders.
Hyrotrader conducts a two-step process to evaluate traders' skills.
To secure funding for live trading, traders must complete two stages in a simulated environment. After purchasing a plan, they gain access to a demo account and begin the HyroTrade Challenge. The objective is to achieve a 10% profit over 10 trading days while limiting daily losses to a maximum of 5%. Additionally, the account balance must not fall below 90% of the initial capital. Upon successful completion of the HyroTrade Challenge, traders advance to the second stage, HyroTrade Verification. The requirements remain similar, with a target profit of 10% and a maximum daily loss of 5% over 5 trading days. After clearing this stage, traders receive an initial deposit of $5,000. Once they successfully withdraw profits three times, they are granted the full funded amount.
Hyrotrader analytical services:
-
Blog. It features content useful for both novice and experienced traders, including market reviews, tips, and interviews with successful crypto traders and investors;
-
HYRO Utility Tokens. Traders can earn passive income through staking on the partner exchange Bybit and reduce spot trading fees;
-
Social Media Communities. Active on Discord, Facebook, Instagram, X, and Telegram, these profiles provide up-to-date information on services and support;
-
Website Online Chat. Available 24/7 for quick technical and informational assistance from Hyrotrader representatives.
Advantages:
Traders can work with both market and limit orders, but must always set a stop-loss;
The company offers a rewarding partnership program with fees for every new active user’s buy;
A wide range of trading tools is available, including not only cryptocurrency trading on the spot market but also derivative transactions;
Automatic and free progression to the second stage of evaluation after completing the first phase;
The overall profit target is set at 15%, with reasonable limits for daily losses and maximum drawdowns;
Hyrotrader provides experienced traders with capital to trade cryptocurrencies professionally on Bybit, a well-regarded exchange known for its reliability.
Articles that may help you
Check out our reviews of other companies as well
User Satisfaction i