The same rules in both phases, worked in dollars on a $25,000 simulated account.
The worst case is the one-time challenge fee. Breaching a rule ends the simulated account — it never costs more than the non-refundable fee you paid to start.
A simulated trading challenge. You trade simulated perpetual contracts against reference market data from Hyperliquid.
If you meet the profit target without breaching the loss limit rules, your account advances to a funded simulation.
You do not receive a live trading account. No user order is routed to Hyperliquid or any other venue.
You do not control company capital and do not own any external market positions.
To pass the challenge, reach the profit target without breaching any rule. The target is 9% of your starting balance, with or without the add-on.
On a $25,000 simulated account, a 9% target is $2,250 of simulated profit. If equity touches the target you pass — you do not have to close positions first.
Your equity may not fall 3% below the day's starting equity. Open losses count toward the limit.
On a $25,000 simulated account, the daily floor sits $750 below the day's starting equity. Reach that floor at any point in the day and the account is breached.
Your equity may not fall 3% below your starting balance — a static floor for the life of the account, with or without the add-on.
On a $25,000 simulated account, a 3% max-loss-limit floor is $24,250. If equity reaches that level at any time the account is breached.
There is no deadline, no minimum trading days, no consistency rule, and no inactivity rule. The account waits for you — nothing closes it except a rule breach.
Breaching any rule ends the simulated account, closes open positions, and stops the challenge. You can retry by purchasing a new challenge.
Your challenge account closes, you complete KYC and sign the Funded Trader Agreement, and your funded simulation activates. Eligible profit can earn contractual payouts after review.
Payouts are available only in the funded phase, with approved KYC, an accepted Funded Trader Agreement, a linked payout wallet, no open positions, no rule breaches, no active risk review, and a requested payout amount of at least $50 (up to your eligible profit).
Payouts are contractual compensation subject to manual review — not withdrawals of market profits.
Simulated only. No user order is routed to any market or venue. Payouts, if any, are contractual compensation subject to manual review — never withdrawals of market profits.