HyroTrader

HyroTrader passes through Bybit's native trading fees — typically 0.06%/0.01% taker/maker on perpetual pairs — with no additional firm-side markup. Funding rates (paid or received on open perpetual positions every 8 hours) are passed through verbatim. During sustained bullish or bearish regimes, funding can compound to meaningful P&L impact on large positions; factor this into any strategy that holds overnight. There are no monthly platform fees.

HyroTrader uses a trailing drawdown type pegged to your highest equity point across the account lifetime. A 12% maximum drawdown on a $100K account means you cannot go below $88K at account open — but if you reach $110K, that floor becomes $96.8K. The 5% daily drawdown resets at 00:00 UTC sharply: positions held across the reset boundary carry unrealized P&L into the next day's budget, which has caught out many traders sizing on funding-rate plays. Liquidations count immediately and instantly; a single cascading altcoin candle can end a challenge in seconds.

Execution is entirely within the Bybit web and mobile interfaces — no MT5, no cTrader, no third-party platform adapter. This means trade automation requires Bybit's native API, and EAs or copy-trading bots are structurally blocked by the prop firm's rules even where the exchange would technically permit them. The upside is execution quality matches Bybit's real market depth; the downside is limited tooling for anyone who codes their strategies outside Bybit's ecosystem.

The three most common reasons HyroTrader traders fail challenges: (1) oversizing on an altcoin that dumps overnight, triggering liquidation during sleep hours; (2) chasing a lost daily-drawdown budget by sizing up further in the same session, turning a 3% down day into a breach; (3) underestimating funding-rate cost on leveraged longs during sustained bull regimes, which can flip a 'breakeven' position into a 1-2% daily drag. Sizing discipline and awareness of these three patterns is what separates passing traders from the statistical 80% who lose the challenge fee.