Frequently asked questions

Question 1

What is the Daily Cap?

Accepted Answer

The Daily Cap is how much you can make or lose in a single trading day before you must stop trading until the next trading day. Currently, it is set at 3% daily for our Crypto Prop Firm accounts.

This is NOT considered a hard breach. Once limits are hit, the account will be locked until the next trading day (5pm EST), after which you can resume trading.

The daily cap limits are calculated based on the starting balance. For example, a $100,000 account has a daily cap limit of +/-$3000, and a $50,000 account has a daily cap of +/-$1500 etc.

The daily cap bands are calculated based on prior day equity at 5 pm EST.

Example:

You have a $100k account. The daily cap is +/-3% of $100k, which is $3000.
At 5 pm EST, you are in drawdown on the account, with equity of $98,000.
After 5 pm EST,
Your new daily gains cap: $98,000 + $3000 = $101,000
Your new daily loss cap: $98,000 - $3000 = $95,000

Further example:

You have a $100k account. The maximum gains/loss is 3% of $100k, which is $3000.
At 5 pm EST, you are in profit on the account, with equity of $101,000.
After 5 pm EST,
Your new daily gains cap: $101,000 + $3000 = $104,000
Your new daily loss cap: $101,000 - $3000 = $98,000

Question 2

How do you calculate the Max Drawdown?

Accepted Answer

The maximum drawdown is the maximum your crypto prop firm account can draw down before you would hard breach it. When you open the account, your Maximum Drawdown is set at 9% of your starting balance on 2-phase challenges and 6% for 1-phase challenges. The max drawdown is static and does not trail.

Question 3

Can I hold positions over the weekend?

Accepted Answer

Unless you've purchased the "Weekend Holding" add-on, we require all trades to be closed by 3:45 p.m. EST on Friday. Any trades left open after this time will automatically be closed. Note that this is only a soft breach, and you will be able to continue trading once the markets reopen.

Question 4

Can I trade during News Events?

Accepted Answer

Trading within 3 minutes before or after a News Event is prohibited. Any traders identified as having traded during a News Event during the challenge phase are subject to having those trades removed, having the leverage on their account reduced, or having their account breached altogether. Hydra Funding has sole and absolute discretion in determining what constitutes a News Event.

Question 5

Can I use an Expert Advisor?

Accepted Answer

Subject to our policy on Prohibited Trading as described below, you can trade using an Expert Advisor.

Question 6

Is there a breach for inactivity?

Accepted Answer

Yes. If you do not place a trade at least once every 30 days on your crypto prop firm account, we will consider you inactive and your account will be breached.

Question 7

What is the difference between a Hard Breach and Soft Breach rule?

Accepted Answer

A soft breach means we will close all trades that violate the rule. However, you can continue trading in your Assessment or Live Account. A hard breach means that you violated either the Daily Loss Limit or Max Drawdown rule.

The only way to lose a Hydra Account is to breach the Max Drawdown rule or violate the "Prohibited Trading Activity" clause.

In the event you have a hard breach, you will fail the Assessment or have your Live Account taken away. A hard breach can also occur if you violate our policy on Prohibited Trading Activity. Refer to section below for details.

Question 8

What is the policy on Prohibited Trading Activity?

Accepted Answer

You are prohibited from using any trading strategy expressly prohibited by Hydra Funding or the Liquidity Providers it uses. Such prohibited trading (“Prohibited Trading”) shall include, but not be limited to:

Exploiting errors or latency in the pricing and/or platform(s) provided by the Liquidity Provider
Utilizing non-public and/or insider information
Front-running of trades placed elsewhere
Trading in any way that jeopardizes the relationship that Hydra Funding has with a Liquidity Provider or may result in the cancellation of trades
Trading in any way that creates regulatory issues for the Liquidity Provider
Utilizing any third-party strategy, off-the-shelf strategy, or one marketed to pass challenge accounts
Utilizing one strategy to pass an assessment and then utilizing a different strategy in a funded account, as determined by Hydra Funding in cooperation with Prop Account, LLC, at their discretion
Attempting to arbitrage an assessment account with another account with Hydra Funding or any third-party company, as determined by Hydra Funding in its sole and absolute discretion.
If Hydra Funding detects that your trading constitutes Prohibited Trading, your participation in the program will be terminated and may include forfeiture of any fees paid to Hydra Funding. Additionally, before any Trader shall receive a funded account, the trading activity of the Trader under these Terms and Conditions shall be reviewed by Hydra Funding and the Liquidity Provider to determine whether such trading activity constitutes Prohibited Trading. In the case of Prohibited Trading, the Trader shall not receive a funded account.
Additionally, Hydra Funding reserves the right to disallow or block any Trader from participating in the program for any reason, in Hydra Funding’s sole and absolute discretion. To view all Prohibited Uses, please review our Terms and Conditions here: https://dashboardanalytix.com/client-terms and-policies/?v=3acf83834396

	$5k Capital	$10k Capital	$25k Capital	$50k Capital	$100k Capital	$200k Capital
Account gains target	9%	9%	9%	9%	9%	9%
Min/Max trading days	None	None	None	None	None	None
	3%	3%	3%	3%	3%	3%
Max overall loss	6%	6%	6%	6%	6%	6%
Available Leverage	5:1 (BTC, ETH); 2:1 Others	5:1 (BTC, ETH); 2:1 Others	5:1 (BTC, ETH); 2:1 Others	5:1 (BTC, ETH); 2:1 Others	5:1 (BTC, ETH); 2:1 Others	5:1 (BTC, ETH); 2:1 Others
Live Account Payout Share	90%	90%	90%	90%	90%	90%
Weekend Trading	Yes	Yes	Yes	Yes	Yes	Yes
News Trading	No Trading +/- 3 Minutes Of News	No Trading +/- 3 Minutes Of News	No Trading +/- 3 Minutes Of News	No Trading +/- 3 Minutes Of News	No Trading +/- 3 Minutes Of News	No Trading +/- 3 Minutes Of News
One Time Fee	$45	$95	$250	$525	$1050	$2150

crypto prop firm

step 1

Choose challenge type

step 2

assessment

step 3

get funded, get payouts

step 1

Choose challenge type

step 2

assessment

step 3

get funded, get payouts

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ESTABLISHED TRACK RECORD

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2 phase challenge

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Daily Cap

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Daily Cap

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