HyroTrader vs Kraken Prop rules, prices and codes side by side
Prices updated
- HyroTrader
United Arab Emirates · Founded 2023
- From
- $9
- Challenges
- 23
- Accounts
- $2.5K to $200K
- Kraken Prop
British Virgin Islands · Founded May 2026
- From
- $20
- Challenges
- 18
- Accounts
- $5K to $200K
HyroTrader
Kraken PropWhere they differ
- Cheapest challenge
- HyroTrader$9 ($2.5K Hyro Core)
- Kraken Prop$20 ($5K Advanced)
- Daily loss limit
- HyroTrader3% to 5%
- Kraken Prop3%, or none on some
- Maximum loss
- HyroTrader5% to 10% static
- Kraken Prop3% to 6% static or trailing
- Bitcoin leverage
- HyroTrader150x
- Kraken Prop10x
- Account sizes
- HyroTrader$2.5K to $200K
- Kraken Prop$5K to $200K
- Sizes only this firm sells
- HyroTrader$2.5K
- Kraken PropNone
- Steps
- HyroTraderInstant, 1-step and 2-step
- Kraken Prop1-step
- Challenges
- HyroTrader23
- Kraken Prop18
- Country
- HyroTraderUnited Arab Emirates
- Kraken PropBritish Virgin Islands
- Founded
- HyroTrader2023
- Kraken PropMay 2026
Every rule, side by side
| Rule | HyroTrader | Kraken Prop |
|---|---|---|
| The firm | ||
| Country | United Arab Emirates | British Virgin Islands |
| Founded | 2023 | May 2026 |
| Years in operation | 2 | Under 1 |
| Platforms | Bybit (own demo account), BloFin (own demo account), Hyro platform, Tealstreet, Tiger.com | Kraken Pro |
| Trades on | Bybit (own demo account, connected by API), BloFin (own demo account, connected by API), Hyro, its own platform (live Bybit market data), Tealstreet and Tiger.com terminals (Bybit market data; not available in the US or where Bybit is restricted) | Kraken Pro (web and mobile app), on a simulated Prop account |
| Markets | Crypto, tokenized stock, index, metal and oil | Crypto, index and commodity |
| Some trades on-chain | No | No |
| Rules | ||
| Model | Hyro Core or One-Step (1-step) or Two-Step (2-step) evaluation, or Hyro Instant (no evaluation); Zero-Step no longer sold | 1-step evaluation (Starter, Intermediate or Advanced; Lite on $50,000) |
| Account sizes | $2.5K, $5K, $10K, $25K, $50K, $100K, $200K | $5K, $10K, $25K, $50K, $100K, $200K |
| Profit target | 10% (Core, One-Step); 10% phase 1 + 5% phase 2 (Two-Step); none (Instant) | 10% (Starter) / 12% (Intermediate) / 9% (Advanced) / 6% (Lite) |
| Daily loss limit | 3% (Core, Instant) / 4% (One-Step) / 5% (Two-Step), static: a fixed amount of the initial balance below each day's equity at 00:00 UTC | 3% of the balance at 00:30 UTC, checked against equity (Starter, Intermediate, Advanced); none on Lite |
| Maximum drawdown | 5% (Core, Instant) / 8% (One-Step) / 10% (Two-Step) maximum loss, equity-based | 6% (Starter) / 5% (Intermediate) / 3% (Advanced), static from the starting balance; $1,500 trailing the highest closed balance on Lite |
| Max leverage | Up to 150x on BTC and ETH (Bybit, BloFin), 50x–100x on most Bybit pairs; up to 100x or more by pair (Hyro); up to 100x (Tealstreet) | Up to 10x on BTC, the Nasdaq 100 and the S&P 500 (its August 18, 2026 update; its September guide still says 5x on BTC and ETH, 2x on other crypto), 5x on SOL and 3x on HYPE; up to 40x on the Nasdaq 100 and S&P 500 on Lite; commodities 5x on gold, silver, WTI and Brent oil, 10x on copper and 3x on natural gas (its commodities table; the same page's FAQ says up to 5x on every commodity) |
| Profit split | 80%; can be raised to 90% at the firm's discretion as you scale (One-Step, Two-Step, Instant); Hyro Core is fixed at 80% | 80%; 90% with an add-on bought at purchase for 20% of the plan price |
| Payouts | On request once the funded account has at least $25 profit after the split, with all positions closed; each request covers up to 5% of the initial balance in profit (profit above 5% left unwithdrawn is not paid); processed within 24 hours in USDT or USDC, no fees | On request with no open positions or orders; reviewed within 24 hours (typically 12) and paid in USD or USDG to the trader's Kraken account; $50 minimum on Lite |
| Starting price | from $9 for a $2,500 account (Hyro Core); 2-step from $59, 1-step from $69 | from $20 for a $5,000 account (Advanced) |
| Minimum days | Core 4 days, One-Step 3, Two-Step 4 per phase; Instant: 3 qualifying days to first payout | None |
| Consistency rule | 40% of target per day (Core, One-Step, Two-Step); none on Instant | None |
| US traders | Yes (its FAQ says US traders can join; not on the Tealstreet or Tiger terminals) | Yes (crypto only for US clients; not offered in Canada or India) |
| Fee refund | With the first funded payout (One-Step, Two-Step); no (Hyro Core, Hyro Instant) | No |
| News trading | Allowed, if not the only strategy and not aimed at news-driven pricing errors | Allowed (its Prop page sets no restriction on trading strategy) |
| Weekend holding | Allowed | Allowed (margin funding of 0.033% a day applies; 0.013% a day on XYZ100 and SP500 on Lite) |
| Current offer | None now | None now |
| Rules checked | November 4, 2026 | November 10, 2026 |
HyroTrader: source 1source 2source 3source 4source 5source 6source 7source 8source 9source 10source 11source 12source 13Kraken Prop: source 1source 2source 3source 4source 5source 6source 7source 8source 9
Prices at each account size
| Account | HyroTrader | Kraken Prop |
|---|---|---|
| Sizes both sell | ||
| $5K | $19Hyro Core4 challenges at this size | $20Advanced3 challenges at this size |
| $10K | $39Hyro Core4 challenges at this size | $40Advanced3 challenges at this size |
| $25K | $99Hyro Core4 challenges at this size | $95Advanced3 challenges at this size |
| $50K | $189Hyro Core4 challenges at this size | $139Lite4 challenges at this size |
| $100K | $349Hyro Core4 challenges at this size | $330Advanced3 challenges at this size |
| $200K | $969Two-Step2 challenges at this size | $660Advanced2 challenges at this size |
| Sizes only one sells | ||
| $2.5K | $9Hyro Core | Not sold |
Every HyroTrader challengeEvery Kraken Prop 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 |
|---|---|---|---|---|
| HyroTrader · Core and Instanton Bybit and BloFin demo accounts | 150x | 3% | 0.02% | 30 of 30 |
| HyroTrader · One-Stepon Bybit and BloFin demo accounts | 150x | 4% | 0.03% | 30 of 30 |
| HyroTrader · Two-Stepon Bybit and BloFin demo accounts | 150x | 5% | 0.03% | 30 of 30 |
| Kraken Prop · Starter, Intermediate and Advanced | 10x | 3% | 0.3% | 30 of 30 |
Recent rule changes
Drawdown
Raised the One-Step maximum loss from 6% to 8% of the initial balance for challenges bought from November 5; earlier One-Step challenges keep 6%.
Program
Announced Hyro Core, a one-phase challenge from $9 for $2,500 to $349 for $100,000 (a 10% target, 4 trading days, a 3% daily loss limit, a 5% static maximum loss and a fixed 80% split), and Hyro Instant, a funded account with no evaluation from $169 for $5,000 to $2,799 for $100,000; its rules page says Zero-Step is no longer sold, and its checkout still sold Zero-Step, One-Step and Two-Step that day.
Payouts
Lowered the payout minimum from $100 to $25 of profit after the split.
Other
Cut the minimum trading days from 5 to 3 on One-Step and from 5 to 4 per phase on Two-Step, in terms dated November 4; the terms say rule changes do not apply to accounts already in a challenge.
Other
Dropped the UK from the countries its FAQ says Kraken Prop is not available in, leaving Canada and India; in July the list also named Australia.
Other
Changed its weekend holding rule from "Allowed (margin funding of 0.033% a day applies)" to "Allowed (margin funding of 0.033% a day applies; 0.013% a day on XYZ100 and SP500 on Lite)".
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