Hypernova
ProprWhere they differ
- Cheapest challenge
- Hypernova$25 ($5K Tight risk)
- Propr$25 ($5K Turbo 1-Step)
- Daily loss limit
- Hypernova3% to 4%
- Propr3% to 5%
- Maximum loss
- Hypernova3% to 7% static
- Propr3% to 8% static or trailing
- Steps
- Hypernova1-step
- Propr1-step and 2-step
- Challenges
- Hypernova18
- Propr24
- Some trades on-chain
- HypernovaNo
- ProprYes
- Country
- HypernovaCayman Islands
- ProprBritish Virgin Islands
Every rule, side by side
| Rule | Hypernova | Propr |
|---|---|---|
| The firm | ||
| Country | Cayman Islands | British Virgin Islands |
| Founded | Not stated | February 2026 |
| Years in operation | Not stated | Under 1 |
| Platforms | Hypernova web terminal | Propr Trading Terminal, Propr API |
| Trades on | own engine using Hyperliquid market data | Hyperliquid when Propr routes a trade (A-book); otherwise booked internally (B-book) |
| Markets | Crypto, stock, ETF, commodity, index, FX and pre-IPO | Crypto, stock, index, commodity and FX |
| Some trades on-chain | No | Yes |
| Rules | ||
| Model | 1-step assessment with selectable risk tier (Tight, Low or Medium; High listed as restricted) | 1-step evaluation (Classic, Turbo, Pro) or 2-step evaluation (Classic) |
| Account sizes | $5K, $10K, $25K, $50K, $100K, $200K | $5K, $10K, $25K, $50K, $100K, $200K |
| Profit target | 9% (Tight) / 10% (Low, Medium, High) | 1-step: 10% (Classic) / 9% (Turbo) / 12% (Pro); 2-step: 5% step 1 / 10% step 2 |
| Daily loss limit | 3% (Tight, Low) / 4% (Medium) / 5% (High) of prior day's closing balance, reset 00:00 UTC | 3% (1-step) / 5% (2-step) of start-of-day balance, reset 00:00 UTC |
| Maximum drawdown | 3% (Tight) / 6% (Low) / 7% (Medium) / 8% (High), static from starting balance | 1-step: 6% (Classic) / 3% (Turbo) / 5% (Pro), static; 2-step: 8% trailing from high-water mark, never above starting balance |
| Max leverage | Set per symbol, 2x to 20x (most crypto 2x; BTC, ETH and SOL 10x on its markets page, BTC and ETH 5x in its docs; FX 20x); homepage table shows 5x | 10x on BTC, ETH and SOL, 2x on other crypto, 4x on stocks, 10x on the S&P 500 and Nasdaq 100, 5x on other indices, 8x on gold, silver and oil, 5x on other commodities, 25x on FX, per its rulebook table, plan cards and asset list; a rules-page graphic and a homepage line still show 5x for BTC and ETH, and that homepage line puts equity perps at up to 10x |
| Profit split | 80%; 90% with its split add-on, bought with the assessment for 20% more (Tight, Low and Medium) | 80% |
| Payouts | On demand whenever the account is flat (no open positions, orders or TWAPs), no minimum beyond being in profit, with a round-trip trade between payouts; capped at $10,000 of profits per day per user during its private beta; paid in USDC by smart contract on Arbitrum after identity verification | On demand, no waiting period; $20 minimum; processed within 24 hours in USDC on-chain |
| Starting price | from $25 for a $5,000 account (Tight risk) | from $25 for a $5,000 account (Turbo 1-Step) |
| Minimum days | None | None |
| Consistency rule | None | None |
| US traders | Yes (not on its restricted list) | Yes (not on its restricted list) |
| Fee refund | No | No |
| News trading | Allowed | Allowed |
| Weekend holding | Allowed | Allowed |
| Current offer | None now | None now |
| Rules checked | November 9, 2026 | November 2, 2026 |
Hypernova: source 1source 2source 3source 4source 5source 6Propr: source 1source 2
Prices at each account size
| Account | Hypernova | Propr |
|---|---|---|
| Sizes both sell | ||
| $5K | $25Tight risk3 challenges at this size | $25Turbo 1-Step4 challenges at this size |
| $10K | $50Tight risk3 challenges at this size | $50Turbo 1-Step4 challenges at this size |
| $25K | $120Tight risk3 challenges at this size | $125Turbo 1-Step4 challenges at this size |
| $50K | $200Tight risk3 challenges at this size | $245Turbo 1-Step4 challenges at this size |
| $100K | $400Tight risk3 challenges at this size | $450Turbo 1-Step4 challenges at this size |
| $200K | $800Tight risk3 challenges at this size | $899Turbo 1-Step4 challenges at this size |
Every Hypernova challengeEvery Propr challengeEvery firm's challenges
Current offers
What each daily limit means on Bitcoin
How far Bitcoin has to move against a position at each firm's full leverage to use up the daily loss limit, and how often it has in the last 30 days.
| Firm and program | Bitcoin cap | Daily limit | Move that uses it up | Days Bitcoin moved that far |
|---|---|---|---|---|
| Hypernova · Tight and Low risk tiersper its homepage comparison table | 5x | 3% | 0.6% | 27 of 30 |
| Propr · 1-step | 10x | 3% | 0.3% | 30 of 30 |
| Propr · 2-step | 10x | 5% | 0.5% | 29 of 30 |
Recent rule changes
Split
Added a 90% profit split option on Tight, Low and Medium assessments, for 20% more than the standard fee; the standard 80% split is unchanged (rulebook v1.2).
Account sizes
Offered the Medium risk tier at $200,000, for $2,700 (rulebook v1.2); it had stopped at $100,000.
Other
Its homepage now offers up to $300,000 of total initial funding across accounts, up from $200,000 on its pre-launch page.
Program
Added the Tight risk tier: a 9% target, 3% daily loss limit and 3% static drawdown, from $25 for $5,000 (rulebook v1.1).
Other
Widened its hedging ban to opposing positions on correlated assets across Propr accounts (long ETH on one, short SOL on another) and to opposing positions at other prop firms.
Account sizes
Capped the evaluation accounts one trader may hold at $200,000 in total, beside the $300,000 cap on funded accounts.
Kyc
Stopped accepting a driver's license for identity checks; a passport or national ID is now required.
Leverage
Raised Bitcoin and Ether from 5x to 10x, gave SOL its own 10x cap (it had been under other crypto at 2x), and raised gold, silver and oil to 8x.
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