HyperPNL calls itself "an onchain prop trading platform that allows traders to access funded trading accounts". Its help centre says it "introduces onchain prop trading, where capital allocation and payouts are controlled by code, not by companies."
It offers two challenge types: a 1-step challenge with a single evaluation phase, which the homepage calls the "1-step Flex evaluation", and a 2-step challenge with two phases, which its FAQ calls the "2-Phase Challenge". Funded traders keep 80% of profits. The firm says payouts are processed onchain.
Evaluation accounts are simulated. The FAQ says "Evaluation accounts are simulated environments designed to assess trading performance". Trading takes place on HyperPNL's own platform, with prices sourced from Hyperliquid and Ostium.
This review uses the firm's homepage and its GitBook help centre. The help centre points to a Terms of Service for the list of restricted jurisdictions. We could not see that document, so we do not cover the operating company or any rules set out only there.
Everything in this review comes from HyperPNL's own web pages, saved on 10 October 2026. Rules and prices change, so check the firm's site before you buy.
| Highest profit split | Up to 80% source Firm's wording: “HyperPNL currently offers an 80% profit split, meaning traders receive 80% of eligible profits while HyperPNL retains 20%.” |
|---|---|
| Cheapest account | $42 (list price) source |
| Account types | 1-Step evaluation, 2-Step evaluation source |
| Markets | Forex, Crypto, Stocks, Indices, Commodities, Metals source |
| Platforms | HyperPNL source |
| Allowed / offered on at least one account type |
Rules can differ between account types — check the linked page for the account you want. |
| Not allowed, or rules that apply (firm says so) |
|
HyperPNL sells challenges that lead to a funded account. The 1-step challenge means you "complete one phase and go directly to funded trading." The 2-step challenge has two evaluation phases. Its evaluations FAQ says traders may only have one active evaluation account at a time.
The homepage asks traders to "Choose your 1-step Flex evaluation and pay a one-time entry fee." It shows the prices "Price$42" and "Price$215" and the words "One-time fee". It shows a $10,000 account size and marks $50K and $100K sizes as "Soon". Our copy of the homepage does not let us reliably match each price to an account size or programme, so we do not list prices per size.
| Programme | Profit target | Daily drawdown | Maximum drawdown | Minimum profitable days |
|---|---|---|---|---|
| 1-Step Challenge | 10% | 3% | 5% static (the 1-step rules page also says 9%; see below) | None |
| 2-Step (2-Phase) Challenge | Phase 1: 10%; Phase 2: 5% | 5% | 9% static | Phase 1: 2; Phase 2: 3 |
| Funded account | None | Applies (figure not in our copy) | Applies (figure not in our copy) | None |
The evaluations FAQ says "Evaluation purchases are generally non-refundable once an account has been issued." A failed evaluation "cannot be restored or resumed by paying an additional fee."
The 1-step challenge has a 10% profit target. The 2-step challenge has a 10% target in Phase 1 and 5% in Phase 2. Targets are calculated using the account's initial balance. When equity reaches the profit target, the system closes all open positions automatically.
HyperPNL checks both balance and equity. If either one breaches a limit, the challenge ends automatically. The maximum drawdown is static: it is the total amount balance or equity can drop from its starting value.
The firm's pages conflict on the 1-step maximum drawdown. The 1-step rules page has the heading "Max Drawdown (5% - static)", but its text says "The maximum loss limit for your account is 9%" and gives a $91,000 floor on a $100,000 account. We show 5% in the table because the rules FAQ and that page's heading both say 5%, and the evaluations FAQ describes the 1-step as having "tighter drawdown limits".
The daily drawdown is recalculated every day at 00:00 UTC based on account equity at that moment. The 1-step rules page says the limit does not move intraday and only updates at the next daily reset.
The 2-step challenge needs 2 profitable days in Phase 1 and 3 in Phase 2. The 1-step challenge and funded accounts have no minimum profitable day requirement. A profitable day needs at least 0.5% of the account's initial balance; the evaluations FAQ says the day must close with at least 0.5% profit, while the 2-step rules page says reaching it at any point during the day counts. The rules FAQ says only fully closed positions count and partial closes do not. The 2-step rules page also says realised PnL is counted on the day the trade is closed.
The evaluations FAQ says "There is no time limit on accounts." The rules FAQ says HyperPNL does not enforce any consistency rules, and the rules pages say there are no maximum risk per trade rules. The firm says "If a rule is not documented, it is not enforced."
The homepage says "No trading restrictions" and the FAQ says "No account restrictions". The rules above still apply. We did not see rules on EAs or bots, high-frequency trading, scalping or martingale in the pages we saved.
The payouts FAQ says "HyperPNL currently offers an 80% profit split, meaning traders receive 80% of eligible profits while HyperPNL retains 20%."
To request a payout you must be trading on a funded account, the account must be in at least 1% profit, and all drawdown limits must be respected. All open positions must be closed before you submit a request. The minimum withdrawal is 1% of the funded account size, for example $100 on a $10,000 account.
Funded traders can request one payout per day. The firm says there are no payout cycles, waiting periods or fixed withdrawal windows. Once submitted, funds are transferred to the trader's HyperPNL wallet; the firm says payouts are processed onchain in under 3 seconds. Traders can then withdraw to any wallet address. The homepage says payouts go "directly to your wallet in USDC". The funded account stays active after a payout.
The FAQ says "At this time, HyperPNL does not require standard KYC verification for payouts." The firm also says "HyperPNL cannot arbitrarily reject an eligible payout." Its payouts FAQ separately refers to "accounts involved in fraud, account sharing, sanctions violations, identity fraud, or other prohibited activities".
Funded accounts remain subject to the payout terms that were active when the account was issued. We did not see a scaling plan or payout fees in the pages we saved.
The FAQ says "HyperPNL uses its own proprietary trading platform built for prop trading." It adds that no third-party platforms or additional software downloads are required. The homepage says "Powered by Hyperliquid".
The firm lists "Crypto, FX, Stocks, Indices, Commodities." The homepage also mentions ETFs. The assets page gives a gold lot size of "100 oz GOLD". Crypto assets are traded through Hyperliquid's native crypto markets. Some index, stock and commodity markets use Hyperliquid HIP-3 markets, and other forex, index, stock and commodity markets are sourced from Ostium. The firm says it "does not generate synthetic prices or modify market data." The homepage mentions "24/7 crypto and 24/5 FX sessions".
Leverage depends on the market traded. The assets page shows leverage of "Up to 20x" and "Up to 50x" for different asset types; our copy does not let us reliably match each figure to an asset class. The firm says exact order size and leverage limits are always visible in the trading interface before placing a trade.
The firm describes its model as "Neither A-book nor B-book. Exposure is managed dynamically by the protocol."
Evaluation accounts are simulated. The firm's guide says "When you purchase a challenge, a demo trading account is created for you."
The trust and transparency page says "HyperPNL generates revenue from evaluation fees paid by traders when purchasing accounts" and that "HyperPNL does not rely on traders failing to succeed." The same page says the platform "selectively copies certain trades through its internal systems."
The firm says "Purchased accounts are locked to the rule set that was active at the time of purchase." It lists exceptions "such as leverage adjustments, market listings or delistings, exchange-related updates". It also says "All payout reserves are public and visible onchain."
The security FAQ says "HyperPNL is not available in certain jurisdictions due to sanctions programs," and refers to the Terms of Service for the up-to-date list, which may change over time. We did not see that list, a statement on US residents, or an operating company name or address in the pages we saved.
On its stated rules, HyperPNL suits traders who want no time limit on accounts, no consistency rules, news trading, and the option to request a payout once a day in USDC. The 1-step challenge has no minimum profitable day requirement.
It fits less well for traders who want to use copy trading or run more than one account, both of which the firm does not allow. Traders who want to know the operating company or the restricted-country list before buying will need the Terms of Service, which we could not see.
MyPropGenius Rating:
The rating measures how openly HyperPNL discloses its rules, pricing, payouts and ownership (our Transparency Index methodology). It does not measure how likely you are to pass or be paid.
Check the current rules and prices on the firm's own website before you buy.
MyPropGenius may receive compensation if you sign up through our links. This does not affect our ratings or review integrity.
HyperPNL offers 1-step and 2-step challenges on its own platform, with an 80% profit split, no time limit and one payout request per day processed onchain. Its pages conflict on the 1-step maximum drawdown (5% or 9%), and we could not tie its prices to account sizes or see its Terms of Service.
Tell our finder how you trade and it will check every firm we track against your requirements.
Find My MatchFunded traders receive 80% of generated profits; HyperPNL retains 20%.
No. The evaluations FAQ says there is no time limit on accounts.
The rules FAQ says 5% static, but the 1-step rules page's text says 9%. The 2-step challenge has a 9% static maximum drawdown.
Funded traders can request one payout per day once all positions are closed. The minimum is 1% of the funded account size, and the firm says payouts are processed onchain.
No. The firm says evaluation accounts are simulated, and a demo trading account is created when you buy a challenge.
Yes. The homepage and the FAQ both say "News trading allowed".