How you lose the account
The most direct way to lose an account in both firms is by breaching the loss limits (daily or maximum drawdown). However, the "fine print" of the rules creates different risk profiles. At FXIFY Crypto, you can lose the account for trading during restricted news windows (5 minutes before and after) or for failing the consistency rule during the funded phase. In the "Crypto Instant Funding" program, the account is lost if you use any form of automation (EAs or bots).
At Hypernova, the risk is tied to real-time equity monitoring. Since it is a proprietary platform with a simulated engine, any attempt at arbitrage, price manipulation, or "off-the-shelf" evaluation strategies results in an immediate breach. Additionally, while news trading is allowed, the risk of slippage in a simulated environment based on Hyperliquid data can cause a sudden breach if the equity touches the static floor.
Maximum drawdown
The structure of the maximum drawdown is the fundamental difference in how these firms manage risk:
- FXIFY Crypto: Uses a 6% trailing maximum drawdown. This means the "floor" of your account follows your highest achieved balance until a payout is made, at which point it locks.
- Numerical Example: On a $100,000 account, your initial floor is $94,000. If your balance grows to $105,000, your new trailing floor rises to $99,000. If you then drop to $98,999, you lose the account even though you are still in profit relative to your starting capital.
- Hypernova: Uses a static floor based on the starting balance. This is generally safer for the trader as the floor never moves up.
- Numerical Example (Conservative Plan): On a $100,000 account with a 6% max drawdown, your floor is fixed at $94,000. Even if your balance grows to $120,000, your account is only breached if your equity drops to $94,000.
Hypernova does not explicitly state if the static floor is adjusted after a payout, which is a significant information gap that traders should clarify to avoid unexpected breaches.
Daily drawdown
Both firms enforce a daily limit, but the calculation method varies:
- FXIFY Crypto: Fixed at 3% for all crypto programs. It is a hard limit that, if touched, results in an immediate breach.
- Hypernova: Varies by plan (3% for Conservative/Precision, 4% for Standard). It is recalculated at 00:00 UTC based on the balance at that moment. A critical detail is that it is enforced on real-time equity, meaning open losing positions can trigger a daily breach even if they haven't been closed.
Rules beyond drawdown
The risk of suspension often comes from rules that have nothing to do with market movement:
- FXIFY Crypto:
- Consistency Rule: A 25% best-day rule applies to the funded phase. If a single day's profit exceeds 25% of your total profit, you may face issues during withdrawal.
- Inactivity: Very strict for Instant accounts (7 days) and 60 days for Standard.
- News Trading: Prohibited in 10-minute windows around high-impact events.
- Hypernova:
- No Consistency Rule: This removes the risk of having profits "voided" for a single lucky trade.
- Inactivity: 3 months.
- Hedging: Allowed within the same account but strictly prohibited across different Hypernova accounts or with other firms.
- KYC: Required before the funded account is activated.
Risk that comes from the setup
The technology used can be a silent account killer.
FXIFY Crypto uses DXTrade via the broker FXPIG. While DXTrade is a robust alternative to MetaTrader, traders face the risk of "Raw Spreads" feeds where commissions (0.07% round trip) and swaps apply. High commissions reduce the effective drawdown buffer.
Hypernova uses a proprietary platform and a proprietary engine. This is a higher "ecosystem risk" because the trader is entirely dependent on Hypernova's internal technology and their simulation of Hyperliquid market data. While they cover gas fees for payouts, the lack of a third-party broker means there is no external auditor of execution quality or slippage.
What is at stake and what you recover
When you buy a challenge, the "at stake" amount is the purchase price, as neither firm offers a refund of the initial fee.
- FXIFY Crypto: A $10,000 Standard account costs $99. The $10,000 Instant account (no evaluation) costs $250. There is no refund upon payout. Payouts are bi-weekly (80% split) or monthly (100% split for Standard).
- Hypernova: A $10,000 account ranges from $50 (Precision) to $150 (Standard). The price varies significantly based on the drawdown buffer you choose. Payouts are on-demand (24/7) with no waiting period, which reduces the risk of "losing" earned profits while waiting for a withdrawal window.
FXIFY does not publish a maximum withdrawal amount for crypto programs, while Hypernova has no minimum withdrawal amount as long as the account is in profit.
Frequently asked questions
Which firm is cheaper to get a $100,000 account, FXIFY Crypto or Hypernova?
Hypernova is significantly cheaper for the $100,000 size if you choose the Precision plan, which costs $400, compared to the $999 price tag for the FXIFY Crypto Standard account. However, the Hypernova Precision plan only offers a 3% maximum drawdown, while FXIFY offers 6%. If you want a similar 6% drawdown on Hypernova (Conservative plan), the price rises to $1,000, making both firms nearly identical in cost for that specific risk level.
Does FXIFY Crypto or Hypernova have more restrictive rules for using EAs and bots?
FXIFY Crypto is much more restrictive, as it completely prohibits EAs, bots, and copy traders on its "Crypto Instant Funding" accounts. On its Standard accounts, they are allowed with limitations. In contrast, Hypernova allows self-built bots and strategies across all its accounts, only prohibiting third-party signals or "off-the-shelf" bots designed specifically to pass evaluations.
Which firm offers more flexibility for news trading, FXIFY Crypto or Hypernova?
Hypernova offers significantly more flexibility because it allows news trading without time restrictions. FXIFY Crypto, on the other hand, considers it a breach to open or close trades within a window of 5 minutes before and 5 minutes after high-impact news events. This makes Hypernova a better choice for traders whose strategies depend on volatility spikes.
Is the consistency rule stricter at FXIFY Crypto or Hypernova?
The comparison is simple: FXIFY Crypto has a 25% best-day consistency rule that applies to its Instant Funding and funded Standard accounts, which can lead to profit deductions or account issues if one trade is too successful. Hypernova does not have any consistency rule, allowing traders to keep their profits regardless of whether they were earned in a single day or spread across several weeks.
