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Comparison · Crypto

Long-term growth strategies with Hypernova and Upcomers Perpetuals

Both Hypernova and Upcomers Perpetuals represent the new wave of crypto-centric prop firms, leveraging Hyperliquid’s market data to offer a wide range of perpetual contracts. While they share a technological foundation, their paths for a trader over twelve months diverge significantly in terms of costs, risk management, and capital potential.

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Day one

The entry point reveals a stark difference in pricing and evaluation structures. Hypernova focuses on a single-phase model with three distinct risk profiles: Precision, Conservative, and Standard. Upcomers Perpetuals offers a more complex menu including one-phase (Thunderbolt), two-phase (Phoenix), and instant funding (Vanguard).

  • Entry Costs: Hypernova is significantly more accessible for high-capital accounts. A $100,000 Precision account costs $400, while the equivalent one-phase Thunderbolt account at Upcomers costs $1,159. Even the two-phase Phoenix at Upcomers stays at $999.
  • Platforms: Both firms provide proprietary web terminals designed for perpetuals trading. They offer a "DEX-like" experience but with simulated execution.
  • Initial Rules:
    • Hypernova: 18+ years old, KYC through Sumsub before the funded stage, and a wallet signature for the agreement.
    • Upcomers: KYC/AML is mandatory. It prohibits the use of VPNs during this process.

The first months

Once funded, the trader’s survival depends on the drawdown mechanics and the efficiency of the payout system.

  • Risk Management: Hypernova utilizes a static drawdown based on the starting balance, which is generally more trader-friendly as it doesn't "trail" your profits. Upcomers uses a mix: Thunderbolt and Vanguard use a trailing "Dynamic Risk Shield," while only the Phoenix plan offers a fixed (static) drawdown.
  • Payout Efficiency: This is where the two firms differ most.
    • Hypernova: Offers 24/7 on-demand payouts in USDC via Arbitrum. There are no platform fees, and the firm even covers the gas fees. There is no minimum withdrawal amount as long as the account is in profit.
    • Upcomers: Payouts are on-demand but carry heavy costs. Cryptocurrency withdrawals incur a $19.90 fee plus a staggering 30% surcharge. Furthermore, the Vanguard plan requires 6 qualifying days (0.5% profit each) before any withdrawal.
  • Daily Drawdown: Both firms reset their daily loss limits at 00:00 UTC. Hypernova’s daily limit is calculated based on the balance at that time, whereas Upcomers varies by plan (3% to 3.5%).

The first year

For a trader staying active for a year, the ability to automate and the consistency of the rules become paramount.

  • Trading Styles: Hypernova allows self-built EAs and strategies on a single account. Upcomers explicitly prohibits all EAs, making it a platform strictly for manual traders. Both allow news trading and weekend holding since crypto markets never close.
  • Consistency Rules: Upcomers implements a "20% Best Day Rule" during payouts, meaning no single day can account for more than 20% of your total profit. Hypernova has no consistency rule, allowing for more volatile trading results.
  • Inactivity: Hypernova freezes accounts after 3 months of inactivity. Upcomers is much stricter, expiring accounts after only 35 days without a closed trade.

The ceiling

The ultimate potential for capital allocation marks the biggest divide between these two entities.

  • Hypernova: The current maximum allocation is $300,000. While a scaling program has been announced, it is not yet available. There is no option to merge accounts, and the profit split is fixed at 80%.
  • Upcomers: Offers a much higher ceiling. Traders can scale their accounts by 35% every four months, provided they reach a 15% cumulative profit target.
    • Maximum Allocation: Up to $1,500,000 in initial funded capital.
    • Scaling Limit: Accounts can grow up to $4,000,000.
    • Profit Split: Can be increased up to 100% through specific checkout options.

Room to grow

Hypernova is built for the agile, cost-conscious trader. Its static drawdown, lack of payout fees, and permission to use custom EAs make it an ideal environment for building a track record without being drained by commissions or complex "best day" math. However, the $300,000 limit is a hard ceiling that prevents it from being a primary choice for institutional-scale growth.

Upcomers Perpetuals is a high-cost, high-reward environment. The 30% crypto payout fee and the trailing drawdown are significant hurdles. However, for a manual trader who can navigate the 20% consistency rule, it offers a clear, documented path to managing $4,000,000, a level of capital that Hypernova currently cannot match.

Frequently asked questions

Which firm is more affordable for a $100,000 evaluation, Hypernova or Upcomers?

Hypernova is considerably cheaper. Its $100,000 Precision account costs $400. In contrast, Upcomers charges $1,159 for its one-step Thunderbolt account and $999 for its two-step Phoenix account of the same size.

What are the differences in payout fees between Hypernova and Upcomers?

Hypernova is far more economical, charging $0 in platform fees and even sponsoring the gas for USDC payouts on Arbitrum. Upcomers, however, charges $19.90 plus 30% for any payout made in cryptocurrency, or $19.90 plus 2.49% for bank transfers.

Does Hypernova or Upcomers allow the use of Expert Advisors (EAs)?

Hypernova allows EAs with limitations, specifically self-built bots and strategies on a single account, provided they are not third-party signals. Upcomers Perpetuals does not allow the use of EAs at all, requiring all trading to be manual.

Which firm offers a higher maximum capital limit through scaling, Hypernova or Upcomers?

Upcomers offers a much higher ceiling, allowing traders to scale their accounts up to $4,000,000 with a 35% increase every four months. Hypernova currently has a maximum allocation limit of $300,000, and its scaling program is announced but not yet functional.

Field by field

Hypernova and Upcomers Perpetuals, side by side

Rules, plans, platforms, leverage, commissions and payouts of both, with the option to see only what differs.

Head to head

61 differences

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90%off · Exclusive
Headquarters

George Town, Grand Cayman

Building A1, IFZA Business Park, Dubai Silicon Oasis, Dubai, United Arab Emirates

CEO

Anar Bayramov

Jakub Zeliska

Country

Cayman Islands

United Arab Emirates

Foundation

2025

2023

Banned Countries
CU, IR, KP, SY, RU
Afghanistan, Central African Republic, Crimea, Donetsk and Luhansk regions of Ukraine, Cuba, Iran, Iraq, Kosovo, Libya, Mali, Myanmar, North Korea, Palestine, Russia, Somalia, South Sudan, Sudan, Syria, Vanuatu, Venezuela
Assets
Crypto, Stocks, ETFs, Commodities, Indices, Forex
Crypto, Stocks, ETFs, Indices, Commodities, Forex
Brokers

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

Live Hyperliquid order book and market data

Refund
No
Yes

Challenge accounts, including Thunderbolt and Phoenix, qualify for a bonus equal to 200% of the entry fee after the third fully approved payout. It does not apply to Vanguard Instant Funding.

Payout Fee

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

Bank transfer: $19.90 + 2.49%. Cryptocurrency: $19.90 + 30%. Returned payouts: $30 reprocessing fee.

Platforms
Propietary Platform
Upcomers
Payout Methods
Crypto
Crypto, Transfer
Payment Methods
Crypto
Card, Crypto, PayPal, ApplePay, GooglePay
Payout Frequency

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

Payouts are available on demand when all requirements are met. Thunderbolt and Phoenix have no profitable-day minimum. Vanguard requires 6 qualifying days with at least 0.5% realized profit each. The counter resets after every payout.

Crypto Weekend Trading
Yes
Yes
Minimum Withdrawal

No minimum; the account must be in profit.

$45 after applying the selected profit split.

Maximum Withdrawal
No data

Perpetuals use the same progressive payout-cap ladder as CFD accounts. The cap increases with each fully approved payout and is removed from payout #8 onward. Profit above the applicable cap is forfeited at the end of the segment.

Other Payout Requirements
No data

At least 1% realized profit since account start or the previous payout; all positions closed; drawdown compliance; completed KYC and signed Trader Agreement.

Forex
20:1

Forex perpetuals: up to 25:1

Metals
4:1 - 5:1 - 6:1 - 8:1 - 10:1

Gold and silver: up to 8:1. Copper: up to 5:1

Energies
4:1 - 10:1

WTI and Brent crude: up to 8:1

Indices
5:1 - 10:1

Index perpetuals: up to 10:1

Stocks
2:1 - 3:1 - 4:1

Stock and ETF perpetuals: up to 4:1

Crypto
2:1 - 5:1

BTC, ETH and SOL: up to 10:1. Other cryptocurrencies: up to 2:1

ETFs
4:1 - 5:1
No data
Forex
0% - 0.005%
No data
Metals
0% - 0.005%
No data
Energies
0% - 0.005%
No data
Indices
0% - 0.005%
No data
Stocks
0% - 0.03%
No data
Crypto
0.01% - 0.04%
No data
ETFs
0% - 0.03%
No data
Commission
No data

Crypto perpetuals: 0.015% maker / 0.045% taker. Stocks, ETFs, indices, commodities and forex: 0.003% maker / 0.009% taker. MSTR, PURRDAT and GOLD: 0.03% maker / 0.09% taker. No spread markup; $10 minimum order.

Swap Free
No

Hourly funding on open positions, using Hyperliquid rates.

No
Account Reset
No

Resets may be offered after a rule violation. A violation-related reset permanently caps future payouts on that account at 50% of the approved amount.

One Step
Yes
Yes
Account scaling
No

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

Yes

Eligible funded accounts can scale by 35% every four consecutive months, up to $4,000,000, after achieving 15% cumulative growth, at least two payouts and a profitable final cycle.

Two Steps
No
Yes
Max Drawdown

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

Thunderbolt: 6% trailing Dynamic Risk Shield. Phoenix: 6% fixed maximum drawdown. Vanguard: 7% trailing maximum drawdown.

Free Trial
Yes
No
Daily Drawdown

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.

Thunderbolt: 3%. Phoenix: 3.5%. Vanguard: 3%. The daily boundary is 00:00 UTC.

Three Steps
No
No data
Max Allocation
300,000

Current Perpetuals accounts are sold up to $400,000. Total funded capital across all Upcomers programs cannot exceed $1,500,000. Eligible accounts can scale to $4,000,000.

Maximum Accounts

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

No data
Maximum Trading Days

No time limit, subject to the inactivity rule

Unlimited.

Minimum Trading Days

No minimum

Thunderbolt and Phoenix have no minimum trading days to pass their evaluations. Vanguard has no evaluation.

Monthly Competition
Yes
No data
Add-ons
No data
No
Instant
No data
Yes
Profit Split
No data

80%, 90% or 100%, depending on the checkout option. The base catalogue prices correspond to 80%; the checkout defaults to 90%.

Merge Accounts
No data
No
Minimum Profitable Days
No data

Thunderbolt and Phoenix: none. Vanguard: 6 days with at least 0.5% realized profit each before every payout.

Expert Advisor (EA)
Limited

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

No
VPN
Limited

VPN use to bypass jurisdiction restrictions is prohibited.

Limited

Not explicitly prohibited, but strongly discouraged. VPN or VPS use during KYC/AML verification is prohibited.

Hedging
Limited

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

No

Hedging across multiple accounts is prohibited. Hedging within one account is allowed under normal trading rules.

Requires Stop Loss
No
No
Scalping
Yes
Limited

Normal scalping is allowed. Tick scalping, HFT and latency exploitation are prohibited; trades repeatedly closed in under two minutes may be treated as tick scalping.

Maximum Risk Limit
Limited

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

Yes

Funded maximum loss per trade: 2% on Thunderbolt and Phoenix; 1.5% on Vanguard. Positions on the same instrument and direction count as one trade.

Copy Trading
No
No
News Trading
Yes
Yes
Inactivity Rule

Account freeze after 3 months without trades.

Yes

The account expires after 35 consecutive days without closing a trade. A warning is sent 7 days before expiration.

Consistency Rule
No
Yes

20% Best Day Rule at payout for Thunderbolt, Phoenix and Vanguard. It is a soft payout requirement and does not breach the account.

Hold Weekend
Yes
Yes

All Perpetuals markets trade 24 hours a day, 7 days a week.

Prohibited Strategies

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.

Platform or feed exploitation, tick scalping, high-frequency trading, latency trading, arbitrage, grid trading, martingale, one-sided or all-or-nothing bets, reverse or group hedging, external signal or challenge-passing services, account sharing and coordinated trading are prohibited.

Stacking / Layering (DCA)
No data
Yes
Martingale
No data
No
Overnight positions
No data
Yes
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