QUESTIONS TRADERS ASK

Not your own — and that's the point. Your account is simulated, but it's priced from Hyperliquid's live order books, so the spreads, the depth and the funding you pay are the real thing. You never deposit trading capital. The evaluation fee is the only money you ever put in.

Accounts run from $5K to $25K, each a single one-time fee that depends on the risk profile you pick (1 Step Classic, 1 Step Light, 1 Step Flex). Every price and every rule sits on the challenges page — have a look before you decide. Nothing recurring, and no phase two waiting on the other side.

Not on $5K and $10K accounts — every trade on those is commission-free, on the evaluation and once you're funded. Bigger accounts pay a small fee per fill (0.010% taker), the same on every market.

By card where it's available (US and EU), or in stablecoin (USDT on Arbitrum One). For stablecoin, use your own wallet, or the one your dashboard sets up for you if you'd rather not. You sign once — you don't need a gas token, we cover that — and the contract moves the fee and opens your account there and then.

It depends which risk profile you pick. The standard one is a 10% target with a 2% daily loss limit and a 6% max drawdown, up to 10x leverage. You see every limit before you pay, it gets frozen onto your account so it can never move underneath you, and it's re-checked on every price tick. Touch one and the account closes.

Only on 1 Step Light, the plan with no daily loss limit. From 15 minutes before to 10 minutes after the biggest US releases (the jobs report, CPI, Fed rate decisions and press conferences, and PCE), you can't open a new trade or add to one on that plan. Closing, cancelling and setting a stop-loss or take-profit always work, and the terminal shows the next release before it happens. Smaller news doesn't count, and every other plan has no news restriction.

The Reward Reserve contract sends your reward to your wallet the moment you sign the request, any hour of any day. There's no reward team to wait on and no queue to sit in. There's no cooldown before the next one either — you can request again when you're in profit. There's no minimum reward. Close your positions first, then withdraw your share of whatever sits above the starting balance.

As fast as you can reach the 10% target. There's no minimum number of trading days to sit through and no clock running against you either — do it in an afternoon or take three months, the rule set doesn't change. Most traders take their time, and that's the sensible way to do it. The point is that nothing on our side makes you wait.

Your funded account opens by itself, the same day, under the exact same rules you just traded — nothing tightens on the funded stage. Your reward share is 80%. The new account is written on-chain and linked to the evaluation it came from, so there's no second phase, no review, and nobody sitting on your file.

Crypto, stocks, commodities, indices and forex, all as perpetual contracts priced live from Hyperliquid. The full list with prices and volume is on our markets page. Crypto trades around the clock, weekends included; stocks, commodities, indices and forex follow their exchange hours.

Please do. Our contract addresses are on the On-Chain page and every number we publish is on the stats page. Fees collected, accounts opened, what's in the Reward Reserve, every reward ever sent — read it straight off the block explorer, or pull it yourself with a few lines of code.

Of course. Open a free $100,000 demo from the dashboard — same terminal, same live prices, same risk engine watching you. It costs nothing and there's no card involved.