EXCLUSIVE: Get a FREE Trading Course

HyroTrader: Reviews And In-Depth Analysis

HyroTrader is a prop trading firm located in Slovakia.

In this article, you’ll get a review of this prop firm, including analysis and instructions to get funded with an account from HyroTrader.

Here’s what you’re going to learn:

What Is HyroTrader

HyroTrader is a prop firm located in Bratislava, Slovakia.

What Can You Trade With HyroTrader?

HyroTrader is a prop firm that funds traders to trade Crypto. You can trade all crypto assets that exist on the ByBit exchange, including Spot and Futures crypto symbols.

All popular cryptocurrencies are available to trade like BTC (Bitcoin), ETH (Ethereum), SOL (Solana), ADA (Cardano), DOGE, XRP, LTC, BNB, and many others.

What Are The HyroTrader Account Sizes?

HyroTrader has five different account sizes that you can choose from. The balances available are $5,000, $10,000, $25,000, $50,000, and $100,000.

The costs start at $89 for the smallest account and go up to $599 for the bigger account size.

What Is The HyroTrader Leverage?

The leverage provided by HyroTrader is up to 1:100.

This is leverage at professional trader’s level and there are no imposed limits on position sizing.

How Much Is The HyroTrader Payout?

HyroTrader has a profit split that goes up to 90%. This means that the trader gets 90% of the profits and the prop firm keeps 10% of the profits to them.

HyroTrader Reviews

According to Trustpilot, HyroTrader is classified as excellent. It’s scoring 4.5/5.0 after 42 reviews.

HyroTrader Programs Goals And Rules

When trading with HyroTrader propfirm you must prove your trading experience in a quick 2-step evaluation process.

Step 1 – HyroTrade Challenge

This step of the challenge has a fee that is reimbursed during the first Profit Split after you become a funded trader.

Here are all the details:

  • Minimum days to trade: 10 trading days
  • Challenge duration: There’s no maximum time to trade, you can take the time that you want.
  • Maximum daily loss: 5% of the initial account amount
  • Maximum loss: 10% of the initial account amount. Once you achieve a 10% profit on your account, the maximum drawdown locks at the initial account amount.
  • Profit target: 10%

Step 2 – HyroTrade Verification

This step of the challenge is similar to step one but with more relaxed rules. You can trade for a fewer number of days and the profit target you need to achieve is also smaller.

There’s no fee to pay when trading this step of the challenge.

Here are all the details:

  • Minimum days to trade: 5 trading days
  • Challenge duration: There’s no maximum time to trade, you can take the time that you want.
  • Maximum daily loss: 5% of the initial account amount
  • Maximum loss: 10% of the initial account amount. Once you achieve a 10% profit on your account, the maximum drawdown locks at the initial account amount.
  • Profit target: 5%

HyroTrader EAs/Algos/Bots

I didn’t find any reference against the use of bots to automate your trading strategy.

You can even use ByBit pre-configured and code-free trading bots.

HyroTrader Free Trial

There’s no free trial, but you can get a 10% discount if you use the link and code below.

10% Off Discount code: QL1JUG5

HyroTrader Free Repeat

There are no free repeats so you need to be careful not to break any HyroTrader rule. If you violate the rules after you’re already funded, you’ll lose your trading account, but you can still apply again and repeat the challenge if you wish.

HyroTrader Coupon / Promo Code / Discount

HyroTrader gave me a special code just for my readers, and this includes you. When you use it, you get a 10% off on your purchase. Use the link below to get it, and if necessary, use the coupon code QL1JUG5 during the checkout.

HyroTrader Platforms

HyroTrader uses the ByBit exchange to give you access to the markets.

That way, the platform used by HyroTrader is the ByBit proprietary trading platform.

HyroTrader Trading Hours

It’s allowed to trade at any time of the day.

You don’t need to close any position overnight which is great, especially because crypto trading is more about swing trading and not much about day trading.

You can also hold your positions open during the weekend.

Whatever is your trading style, HyroTrader is a good propfirm for you.

HyroTrader News Trading

Trading during news is allowed. News doesn’t affect the crypto market the same way as other markets.

So, if you like to trade news, then this may be a good prop firm for you. You just need to be careful and have good risk management. Learn how to calculate your maximum lot size wisely.

Is HyroTrader Legit?

Yes, HyroTrader is a legitimate company.

Here are their contacts:

  • Email: support@hyrotrader.com
  • Phone: +44 20 4538 9891
  • Whatsapp: +44 7707 963142

There’s also live chat support on their website.

HyroTrader Alternatives

Here is a list of the best HyroTrader alternatives:

For more alternatives check our alternative prop firm tool:

Get Alternatives To Any Prop Firm

Recap

  • HyroTrader is a prop trading firm based in the Slovenia.
  • You can get a funded account with up to $1,000,000 in balance and a 90% profit split payout.
  • To get access to a funded account you need to pass a 2-step challenge evaluation, with different rules depending on the step you are trading.
  • You can trade Crypto through the popular ByBit crypto exchange.
  • The proprietary ByBit platform is available to trade.

Learn More

Get My 6-day FREE Trading Course That You Can't Afford to Lose

Speak Your Mind

Your email address will not be published. Required fields are marked *