Perps firms comparator

Delaware, United States

George Town, Grand Cayman

Anar Bayramov

United States

Cayman Islands

2026

2025

Simulated execution with real market data from Hyperliquid, Binance, Bybit, Lighter, Ostium and Veranta

Hypernova proprietary engine using Hyperliquid market data. Simulated trading; orders are not routed to Hyperliquid.

The fee is not refunded with payouts. An unused challenge can be refunded within 48 hours of purchase, minus a $25 fee.

Select, Prime and Signature: one request per New York calendar day. Elite: on demand. Requests need all positions closed, are reviewed manually and lock trading while pending.

On demand, 24/7, with no waiting period. Close positions and orders before requesting a payout; settlement in seconds.

Crypto trades 24/7, weekends included.

$100,000 lifetime cap across all accounts, counted after the split. Once reached you cannot buy new accounts, but active funded accounts keep paying out.

Select, Prime and Signature: $100 of gross profit. Elite: $50, $100, $250 or $500 depending on size.

No minimum; the account must be in profit.

No platform fee. Hypernova sponsors gas for USDC payouts on Arbitrum.

EUR/USD and USD/JPY 50:1; GBP/USD and AUD/USD 25:1

Gold 10:1; silver, platinum, palladium and copper 5:1. Elite: gold 20:1

WTI and Brent 8:1; natural gas 5:1. Elite: oil 10:1

SP500, NAS100 and US30 12:1; JP225, QQQ and others 5:1. Elite: NAS100 and SP500 40:1, US30 25:1

From 2:1 to 5:1 depending on the stock

BTC 10:1, ETH 8:1, SOL 5:1, BNB 3:1; most altcoins 2:1

Per fill, same for maker and taker: crypto 0.03%, stocks, indices and commodities 0.005%, forex 0.0025%. Elite: 0.001% on NAS100, SP500, gold and WTI. Liquidations add a 0.1% penalty.

Fixed daily swap charged every hour on longs and shorts, instead of venue funding: crypto 0.03%, stocks, indices and commodities 0.015%, forex 0.005%.

Hourly funding on open positions, using Hyperliquid rates.

No resets. After a breach you need to buy a new challenge.

90% split: +20% of the price, only at checkout. Reduced Fee: halves commission and swap for 10% of the fee (min $10); not on Elite.

Optional 90% payout split selected when purchasing a new account; costs 15% of the base assessment fee.

Static, measured on equity, never trails. Select, Prime and Signature: the first payout locks the floor at the starting balance. Elite: the floor never moves.

Static floor based on starting balance. Enforced in real time on equity, including open positions. Touching the limit permanently closes the account.

80%. 90% with the checkout add-on.

3% of the starting balance, from start-of-day equity including open positions. Resets at midnight New York time. Elite No DLL has none.

Recalculated at 00:00 UTC from the balance at that time and enforced on equity. Payouts adjust the daily loss budget so withdrawals do not count as trading losses.

No limit on purchases. Up to $100K in active evaluations and $100K funded per plan, and $300K funded in total. Elite No DLL: up to $250K bought in any rolling 7 days.

Up to 2 ongoing assessments. Assessments and funded accounts share the capital limit; demos are excluded.

No time limit.

No time limit, subject to the inactivity rule

None.

No minimum

FP Points from purchases and tasks, redeemable for reward cases; they expire after 90 days. Payouts taken as store credit get +5%; store credit expires after 45 days.

Free trading competitions with funded accounts and reward cases as prizes.

None.

Scaling programme announced, not yet available. Nova Score is informational during beta.

Only through the official API (REST, WebSocket or MCP). Automation cannot be used for HFT or any other banned strategy.

Self-built bots and strategies on a single account; no third-party signals or off-the-shelf evaluation strategies.

Not to hide your identity or location or to bypass restrictions. Access through VPNs, datacenter IPs or remote desktops may be reviewed.

VPN use to bypass jurisdiction restrictions is prohibited.

Hedging across accounts is banned. Each account can hold an instrument on only one venue at a time.

Permitted within the same account in hedge mode. Hedging across Hypernova accounts or with other firms is prohibited.

No minimum holding time. High-frequency trading is banned; up to 30 orders per minute and 250 per hour, half a second apart.

Exposure cap per market, shared by your accounts of the same plan and size (Elite: per account, up to 40x the balance in total). Up to 15 open positions and 20 pending orders; minimum order $10.

Per-symbol leverage and notional position-size caps, published in Markets and the terminal.

Built-in copy trading only between your own challenge accounts. Sharing accounts or copying other traders is banned.

Free in the evaluation. Funded: no new exposure from 10 to 2 minutes before high-impact news, and no manual trades from 2 minutes before to 2 minutes after. Stock earnings count too.

Evaluation: at least one trade every 30 days. Funded: at least one trade every 7 days.

Account freeze after 3 months without trades.

Yes on 24/7 markets such as crypto. On 23/5 markets, positions are closed automatically 15 minutes before Friday's close.

Cross-account hedging; group or coordinated trading; sacrificial accounts and account cycling; all-or-nothing evaluation gambling; high-frequency trading; latency arbitrage; trading stale or wrong prices; exploiting execution, platform bugs or loopholes; spoofing, layering, wash trading and quote stuffing; risk-free setups; account sharing or passing services.

Prohibited: cross-account arbitrage or hedging; third-party signals and copy trading; off-the-shelf evaluation strategies; account sharing or multiple accounts from one household, device or IP without approval; exploiting errors, latency or pricing; identity fraud; insider trading and front-running; materially switching strategy after funding; strategies that cannot be replicated in live markets or exploit simulation; conduct creating legal risk or breaching provider terms.