In this review, we’re taking a look at HyroTrader, an emerging crypto prop trading firm offering flexible profit splits, instant payouts, and integration with third-party exchanges such as Bybit. We’ll cover the platform’s approach to crypto trading, the services it offers, its fees, and its security features, as well as explain how you can start trading. 

What is HyroTrader?

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By connecting users from external exchanges (namely, Bybit and Cleo, with OKX integration coming soon), HyroTrader seeks to discover and bring together the most successful crypto traders in the world. Those who pass the firm’s evaluation challenges can earn a place in the HyroTrader proprietary team, with the opportunity to remotely manage up to $1,000,000 in Tether (USDT). 

How does HyroTrader work, and what is crypto prop trading?

How to Get Funded as a Crypto Trader (Prop Trading Explained!): Source: HyroTrader YouTube channel

Crypto proprietary trading, commonly known as prop trading, is a trading model that allows more skilled traders to access significant trading capital without putting their own money at risk. In other words, the platform itself supplies the capital, while the traders take care of the actual trading process. Eventually, any profits made under this agreement are shared between the trader and the platform.

At HyroTrader, traders can access a wide range of markets. Through their Bybit accounts, users can trade any available USDT-margined Futures pair. Additionally, via Cleo, they can trade approximately 350 Binance assets using Finance Perpetual Futures.

Who is HyroTrader for?

As a prop trading firm, HyroTrader is mostly suitable for all traders who excel in high-volatility environments. 

For instance, day traders can benefit from the platform’s live market data, leverage, and fast execution speeds. On the other hand, HyroTrader’s progressive funding model also supports growth-minded traders. 

For those who prefer frequent payouts, HyroTrader offers fast, hassle-free withdrawals once you’ve earned at least $100 in profit. This makes it suitable for traders who want consistent access to funds, whether for reinvestment or personal use.

HyroTrader features and services

HyroTrader offers a number of features and services, the most notable being:

1. Crypto prop trading;
2. Prop trading mentorship;
3. Demo trading and Bybit API integration;
4. Affiliate program.

Let’s explore each of them in more detail.

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1. Crypto prop trading

HyroTrader’s prop trading platform is built exclusively around crypto. At first, all traders start with a profit split of 70%, after which they can slowly increase their profit split by 5% every 4 months until they reach 90% after 16 months. 

Payouts are immediate once profits exceed $100, and there are no monthly cycles or long waiting periods. The challenge fee, which is required to begin the evaluation, is also fully refundable upon successful completion and first withdrawal.

At the time of writing, all trades on HyroTrader are executed via Bybit and Cleo and backed by real-time data on Binance. 

2. Prop trading and mentorship

In addition to capital and trading tools, HyroTrader also provides trading courses and coaching via its Mentorship Program. Users are free to choose their own mentor based on their goals and needs, and coaching rates are not fixed, ensuring additional flexibility. 

Coaching sessions typically last an hour, but it is possible to get discounts and book extended sessions if you build a good reputation with the mentors.

3. Demo trading and Bybit API integration

HyroTrader has a demo account feature to help new traders explore the platform hands-on and access the same tools and features used by professionals without any upfront costs. This provides a simulated, risk-free environment for those willing to test their trading strategies.

During trial challenges, users can link their Bybit demo accounts, which can be connected to a custom trading bot via a self-generated API key. This setup enables direct trading through the HyroTrader platform, including the use of custom trading bots. 

To get started, traders must create a new API key with “No IP restrictions” selected. It’s also essential that there are no active trades or orders on the account before linking the API.

In addition, traders can link their own bots using the API. However, third-party applications are not allowed during the challenge phase. 

4. Affiliate program

The HyroTrader Affiliate Program lets traders earn additional passive income. Affiliates start with a 10% commission on each sale and can climb to 15% as they refer more users. The system includes tiered partnership levels (Bronze, Silver, and Gold), with increasing rewards and cash bonuses of up to $500.

Once a trader registers through the affiliate’s referral link, they’re permanently linked to their Affiliate ID. The affiliate then earns commissions on the newcomer’s future purchases. Affiliates also enjoy some additional perks, such as affiliate dashboards, marketing toolkits, and the ability to host giveaways.

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How to get started on HyroTrader

As is usually the case with prop trading firms, to become a trader on HyroTrader, users have to pass the Evaluation Process designed to assess their trading skills and risk management capabilities. There are two ways of doing so: the one-step HyroTrader Challenge or the two-step HyroTrader Verification process which includes an additional verification phase in addition to the challenge:

1. HyroTrader Challenge: While undergoing the HyroTrader Challenge, users trade using a demo account for an unlimited period of time, following clearly defined trading rules, either via Cleo or through direct Bybit integration. The goal in this phase is to meet the performance criteria without violating any risk parameters and platform rules;

2. HyroTrader Verification: If they choose to go on with the second registration step, users continue trading on a demo account, but with the goal of demonstrating consistency. That is, they continue trading to show that their initial performance wasn’t a one-time result. Once users have completed this stage successfully, their trades are reviewed by HyroTrader’s in-house team. If everything checks out, users are officially offered a HyroTrader-funded account.

The differences between the one-step and two-step methods

The two registration methods come with slightly different rules. In the one-step challenge, the risk limits are tighter:

• Daily drawdown: 4% of your starting balance;
• Maximum loss: 6% total drawdown allowed.

In contrast, the two-step verification offers more breathing room:

• Daily drawdown: 5% of your starting balance;
• Maximum loss: 10% total drawdown allowed.

In other words, the two-step registration method includes an extra phase, but the more lenient risk limits make it more forgiving for traders who need flexibility to demonstrate their skills. On the other hand, the one-step challenge is faster but demands tighter risk management. Both options, however, have the same starting profit target of 10%.

Identity verification

Before activating their live accounts, users must complete a standard identity verification process. This includes submitting a valid government-issued ID such as a passport, national ID card, or driver’s license. Once the verification is complete, the accounts are activated.

It’s also important to note that a past trading track record alone is not enough to secure a funded account. All users have to pass the Evaluation Process to ensure that all potential traders are assessed fairly based on their current performance under live market conditions.

To complete the HyroTrader Challenge phase, users must trade on at least 10 separate days, although these do not need to be consecutive. If you proceed with the two-step method, you’ll need to trade for at least 5 additional trading days. 

For those who choose the one-step option, the verification phase is not required. That means you could begin managing a live HyroTrader account in as little as 10 to 15 trading days, depending on your performance.

Opening a demo account

Since all users are required to pay a fee before registering, you can try practicing on the platform by opening a demo account before committing actual funds. To do so, simply head over to the HyroTrader website and click on the Free Trial button in the upper right corner (as shown below):

Next, you’ll be redirected to the HyroTrader Challenge page. There, simply click on the Start Trial Challenge button in the lower left corner (as shown below):

Then, you will be asked to select the amount of USDT you would like to handle for the challenge trial, and you will have to provide your email address and phone number. Once you’ve provided all the details, click on the I am human button to solve the captcha and then click on the blue Create Trial button:

Once you’ve provided all the information, you will receive a link in your email inbox. Once you’ve clicked on the link you received, you will be redirected back to HyroTrader’s page, where you will have to set a new password. Once you’ve done that, simply click on the Set Password button to finalize the registration:

Optionally, you can add your Bybit User ID to get a 10% discount on all trading challenges. If you wish to do so, type in your Bybit User ID in the required field and click Confirm (as seen below). If you wish to proceed, simply close the pop-up window by clicking X. You can connect to Bybit later, when you start tweaking your trial challenge.

Finally, you can access your trial challenge. All you have to do is select Challenges from the dashboard on the left (as seen below) and then click on the green Set-up Challenge (also shown below) to choose whether you want to give trading a shot on Bybit or Cleo: 

HyroTrader fees and minimums

HydroTrader maintains a transparent fee and withdrawal structure.

To become eligible for a payout, a trader must generate at least $100 in profit after the initial 70% profit split. The split can increase to 80% within four months if the trader performs well consistently and proves their worth. 

Withdrawals can be requested as soon as one calendar day after the first trade on the funded account. Payouts are processed within 12–48 hours once your invoice has been confirmed.

Profits are paid in USDT or USDC, with no withdrawal fees or commissions. However, there are some limits. For example, each withdrawal is capped at 5% profit. Once users have reached that threshold, they must request a payout. Indeed, any profits exceeding the 5% mark without withdrawal will not be paid out, so it is essential for traders to manage their payout timing carefully.

As for platform costs, HydroTrader only charges a challenge entry fee, which is fully refunded with the first successful profit split once a trader becomes funded.

Is HyroTrader safe?

To ensure trader safety and protect the funds of all parties involved, prop trading firms put a strong emphasis on risk management. HyroTrader is no exception.

For one, all traders are required to follow strict risk management rules, starting with a maximum risk per trade limit of 3% of the initial account balance. That means that no single position can be allowed to lose more than 3% of the starting capital (including commissions). More precisely, while traders are allowed to allocate more than 3% of their capital to a trade, stop-loss orders must be set to limit losses within the approved threshold. 

In fact, every position must have a stop-loss in place within five minutes of being opened. If not, traders will receive an email notification and have one hour to correct the issue. This can be done only once per account, so those who fail to comply with the rule will have their accounts closed. 

Further, HyroTrader prohibits the use of the Martingale betting strategy, which involves doubling trade size after each loss. Similarly, hedging across multiple accounts is not allowed since it can obscure trading behavior and expose the account to unnecessary risk. 

Likewise, during the evaluation phase, no trade is allowed to generate more than 40% of the total profit. This prevents traders from relying on a single high-risk win to pass the challenge and promotes sustainable, long-term trading strategies.

HyroTrader also discourages high exposure to low-cap altcoins, i.e., those with a market cap below $100 million or those in Bybit’s Innovation Zone. If more than 5% of a trader’s balance is allocated to such assets, they might not receive further funding. This rule serves to promote more stable assets and thus replicable trading strategies.

Why do users choose HyroTrader?

8 Reasons Why You Should Choose HyroTrader: Source: HyroTrader YouTube channel

There are several reasons potential users might choose HyroTrader. ​​

For instance, as a crypto prop firm, HyroTrader removes some fund limitations by providing users with high-value trading accounts, often with tens of thousands of dollars at their disposal. If traders show they can generate consistent profits, they can move up to higher ranks on the platform, potentially managing significantly larger sums.

Reduced personal risk is another advantage of prop trading. That is, once you’ve passed the evaluation challenge, the platform absorbs any trading losses. This allows traders to trade with greater clarity and confidence, making decisions based on data and strategy rather than fear of loss.

Other risk management rules include maximum daily drawdowns and strict loss limits, which help protect capital and teach traders to follow structured strategies. As your skills and consistency improve, so can your capital allocation, as performance-based scaling complements and encourages more long-term planning.

Pros and cons of HyroTrader

HyroTrader customer support and social media platforms

To find more information about HyroTrader and its crypto prop trading platform, you can visit the company’s official website, follow it on social media channels, and get in touch with the customer support:

• Website: Visit the official HyroTrader website to start trading and exploring the platform;
• Customer support: The HyroTrader customer service is available 24/5 and can be reached via email, phone (WhatsApp), and social media;
• Blog: Visit the HyroTrader blog and find regularly updated educational content.

HyroTrade social media platforms:

• Instagram: Follow HyroTrader on Instagram to get notified about platform news, developments, and events;
• Discord: Join the official HyroTrader Discord server and chat with other traders on the platform;
• Telegram: If you prefer other texting platforms, you can join the HyroTrader group on Telegram;
• Facebook: Visit the Facebook page and get additional updates;
• X (Twitter): Follow HyroTrader on X to get the most up-to-date news and announcements;
• LinkedIn: Connect with HyroTrader on LinkedIn and network with other traders;
• YouTube: Subscribe to HyroTrader’s official YouTube channel and explore educational video content.

Conclusion

HyroTrader is a crypto prop trading platform tailored primarily for confident traders who want to showcase their skills and put their investment strategies to the test without risking personal capital. With its integration with Bybit, Cleo, and soon OKX, a flexible evaluation system, and competitive profit splits that reward consistency, the platform will appeal mostly to those looking to move from independent trading to funded account management. 

While the lack of some features, such as a mobile app and the platform’s sole focus on cryptocurrencies, might deter some potential users, HyroTrader’s emphasis on risk management, instant payouts, and global accessibility will make it a compelling option for those seen as the primary audience, namely, advanced crypto traders looking to explore proprietary trading.

Risk Disclosure and Disclaimer: The information provided in this review should not be regarded as an explicit endorsement of any of the mentioned services, and Finbold is responsible for neither good nor bad experiences when using the platform.

FAQs about HyroTrader

What is HyroTrader?

HyroTrader is a crypto proprietary trading firm that allows traders to access significant trading capital without putting their own money at risk. 

What is crypto prop trading?

Cryptocurrency proprietary trading, or prop trading for short, is a trading model that lets traders use their trading platform’s capital to trade instead of their own money. In return, the trader and the firm share the profits generated from successful trades.

What assets can you trade on HyroTrader?

HyroTrader focuses solely on cryptocurrencies.

Does HyroTrader require KYC?

Yes, those trading with live accounts on HyroTrader must go through a know-your-customer (KYC) identification process. However, KYC is not required for those trying to pass the HyroTrader Challenge or using a demo account.

Is HyroTrader available in all countries?

HyroTrader itself does not impose any geographical restrictions. However, users trading with Bybit accounts will nonetheless have to adhere to Bybit’s rules.

Does HyroTrader allow leverage trading?

Yes, you can adjust the leverage on HyroTrader. Most altcoins on Bybit allow leverage between 50x and 100x. Cleo, on the other hand, has leverage set to 10x by default, although it can be adjusted up to 100x.

What payment methods are available on HyroTrader?

The HyroTrader challenge can be paid for via crypto or credit card. Accepted cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), DOGE, Litecoin (LTC), Tether (USDT), Polygon (MATIC), etc.

Does HyroTrader provide training for new users?

Yes, HyroTrader provides training for new users via its Mentorship Program.