Time limits
Freedom from the calendar does not mean total absence of pressure. While neither Cashed nor Hypernova imposes a maximum number of days to complete their evaluations—avoiding the rush to hit targets—both use inactivity as a leash.
- Cashed can close your account if you fail to place a trade for 90 consecutive days, regardless of whether you are in the evaluation or funded stage.
- Hypernova applies a similar "freeze" after 3 months of silence. This forces a minimum level of engagement; you cannot simply walk away from the markets during low-volatility periods without risking the loss of your access.
Weekends and news
Restrictions here are lighter than in traditional firms, but you are still bound by market availability.
- In Cashed, you are prohibited from trading if the market is not "tradable," which is a technical limitation for certain crypto pairs or prediction contracts over the weekend.
- Hypernova allows holding positions during the weekend, but you are limited by their proprietary engine's data feed.
- Both allow news trading, yet this "freedom" is capped by the risk of slippage in simulated environments, which both firms explicitly mention as a prohibited exploitation if it relies on technical errors or "impossible fills."
Where you can trade from
Your physical location and digital footprint are strictly monitored.
- Cashed does not publish a specific list of banned countries but requires you to "confirm eligibility" with support before buying, which creates uncertainty. While they don't require identity documents (KYC), they prohibit using a VPN to bypass sanctions or account controls.
- Hypernova is more explicit: you cannot trade from Cuba, Iran, North Korea, Syria, or Russia. Unlike Cashed, Hypernova forces you through a Sumsub KYC process and requires a wallet signature before you can touch a funded account.
What the platform limits
You are confined to "walled gardens." You cannot use MetaTrader 4, MetaTrader 5, or cTrader with either firm.
- Cashed limits you to their proprietary platform. You are restricted to a maximum of 100 simultaneous positions. Furthermore, you cannot trade anything outside of Crypto and Prediction Markets. Leverage is a significant constraint: while you get up to 10:1 on majors like BTC, you are choked down to 2:1 on other altcoins.
- Hypernova also forces a proprietary environment. You are barred from using any third-party copy trading services. While you can use EAs, they must be "self-built"; you are strictly prohibited from using off-the-shelf bots or third-party signals. This limits traders who rely on commercial algorithmic tools.
What the rules cost you
Price and risk rules act as the ultimate boundary on your strategy.
- Cashed prevents you from recovering once you touch a "static floor." The drawdown does not rise with profits, but it never resets after a payout either. If you choose the "Instant" route, your freedom to withdraw is capped: the first gross distribution cannot exceed 5% of your starting capital. Also, you cannot withdraw less than 20 USDC.
- Hypernova limits your attempts through its pricing: a 100K "Standard" account costs $1,350, a significant barrier compared to other models. Their "Precision" accounts have an extremely tight 3% maximum drawdown, leaving almost no room for error. If you touch that limit, the account is permanently closed with no second chances.
Restrictions that add up
The combined effect of these rules creates a specific "pressure cooker." At Cashed, the lack of KYC and the use of Solana for payouts suggests anonymity, but this is countered by a strict static drawdown that never resets, meaning every dollar you withdraw brings you closer to your "floor" in relative terms. At Hypernova, the freedom of multi-asset trading (Forex, Stocks, Crypto) is neutralized by the prohibition of external signals and the requirement of a wallet-signed agreement, ensuring that only the original user can operate the account under heavy surveillance of their IP and device footprint.
Frequently asked questions
Which firm is cheaper to start a small evaluation, Cashed or Hypernova?
Cashed is significantly more accessible for small budgets, offering a $400 account for just $5. In contrast, the cheapest entry point for Hypernova is the $5,000 "Precision" account, which costs $25. This means that for the price of one small attempt at Hypernova, you could try five times at Cashed.
Which firm offers faster payouts, Cashed or Hypernova?
Hypernova offers more freedom in terms of speed, promising on-demand payouts 24/7 with settlement in seconds once positions are closed. Cashed is more restrictive: while its "Instant" accounts allow the first payout after 48 hours, its "Standard" and "Flex" plans require all positions and orders to be closed, and payouts are processed according to a standard schedule rather than being near-instantaneous.
Which firm imposes more restrictions on using Trading Bots, Cashed or Hypernova?
Hypernova is much more restrictive, as it only allows self-built bots and strategies, explicitly prohibiting third-party signals or "off-the-shelf" evaluation strategies. Cashed allows algorithmic execution and bots in general, only limiting them through API thresholds and prohibiting the exploitation of latency or technical errors, without requiring the trader to be the original coder of the bot.
Which firm has a more restrictive drawdown for large accounts, Cashed or Hypernova?
For a 100K account, Hypernova can be much more punishing depending on the plan: its "Precision" model limits you to a 3% maximum drawdown. Cashed is more "generous" in its Standard accounts, allowing a 6% maximum drawdown. However, both use a static drawdown, meaning the limit is a fixed floor that never moves, regardless of how much profit you accumulate.
