If the rule isn't here, you are in the clear.

Unlike other prop firms, there are 0 hidden rules. All parameters for the evaluation and the funded account are found on this page.

Please make sure to take the time to read every rule below. We are building a firm that focuses on your success, part of that is bringing on traders that understand exactly how we operate.

There are only 3 ways to breach and lose an account, please read below for more details:

1. Maximum Drawdown Rule [full details under "MAXIMUM DRAWDOWN"]
2. Daily Loss Rule [full details under "5% DAILY STOP"]
3. Inactivity of 30 days (if you do not place a trade at least once every 30 days on your account, Osprey FX / Hydra Funding will consider the account INACTIVE and the account will be breached.

On the "checkout" page after clicking "Select Plan" in our Evaluation section above, members will have the ability to choose to pay extra for "upgrades" in their evaluation, making their evaluation fine tuned to their own system. These upgrades will include the following and will see a price increase as addressed below:

1. Hold over the weekend - 10% price increase
2. Double Leverage (this will double all FX and metals leverage as well as double max open lots available, does not apply to other symbols) - 25% price increase
3. No Stop Loss Required - 10% price increase
   
4. 90/10 Account Gains Split - 20% price increase

Instead of increasing price on standard challenges, we allow traders with different strategies and risk appetites to customize their accounts as they see fit.

Challenge: Once your payment is processed (usually 15-30 minutes), details will automatically be sent to your email from support@hydrafunding.io. If you do not receive your credentials after 1-2 hours, please use the Contact Us feature on our website and we'll make sure to get your account resent.

Live/Funded Account: Upon passing your Assessment, you will receive an email from support@hydrafunding.io with instructions on how to access and complete your Trader Agreement. Once the agreement is completed and supporting Know Your Customer documents provided, your funded account will be created, funded and issued to you typically within 24-48 business hours.

If you do NOT receive an email, it is likely that the spam filters on your email stopped our email from coming through, so please check your spam folder - and if you still haven't received it, please reach out to us using the Contact Us and we will take care of you.

Credentials and links will be sent directly to your email along with downloads to the trading software immediately after payment is processed (usually 15-30 minutes). You can also access the Trader Dashboard using the Login tab above.

The Daily Stop Loss is the maximum your account can lose in any given day.

Daily Stop Loss is calculated using the previous day balance which resets at 5 PM EST. Unlike other prop firms, we do NOT base our calculations on previous day equity since the balance only model allows you to scale account gains without fear of losing your account. The Daily Stop compounds with the increase in your account.

Example: if your prior day's end of day balance (5pm EST) was $100,000, your account would violate the daily stop loss limit if your equity reached $96,000 during the day. If your floating equity is +$5,000 on a $100,000 account, your new-day (5pm EST) max loss is based on your balance from the previous day ($100,000). So, your daily loss limit would still be $96,000.

Unlike other firms, our Maximum Drawdown does NOT trail. Our max drawdown is static and calculated ONLY on initial Balance.

For example, on a single phase $100,000 account, the account can only be breached if it goes below $94,000 (6%). So if your balance grows to $107,000 on a $100,000 account, the Max Loss is still $94,000 (6% from the original balance).

‍Important Note: the Max Loss moves to the initial balance after the first withdrawal - incentivizing our funded traders to compound and grow their accounts before withdrawing huge earnings (please see below example).

‍Example: If you have a funded $100,000 account, the Max Loss Breach level would be $90,000 (-10% of the initial balance). If you then traded your account up to $115,000, the Max Loss Breach level would still be $90,000. If you then withdrew $10,000, upon your first withdrawal, the Max Loss locks in at the ORIGINAL account balance.

So after withdrawing $10,000, your account will have a balance of $105,000 and the breach level is now $100,000, meaning you now have a buffer of $5,000. Similarly, if you withdrew the full $15,000, your account balance would now be $100,000 which is also the BREACH level, meaning you would lose your funded account.

Further Example: If you continued to compound your 2 phase $100,000 all the way to $150,000, the Max Loss Breach Level is still $90,000. However, if you then withdrew $25,000, the Max Loss will lock in at $100,000, meaning you would now have $25,000 as a buffer (Max Loss).

We have included this rule to incentivize our funded traders to compound their accounts, ensuring that they have a hefty buffer, can pay themselves out as they see fit, and continue trading with Hydra Funding as a Hydra Funded member.

Unless you paid for the upgrade (available on the checkout page when you select an Evaluation above - we require a stop loss to be placed when opening a trade. Failure to place a stop loss or placing a stop loss after opening a trade will automatically close the trade. This is NOT considered a violation and you will be able to continue to trade and can reopen a trade with the right stop in place.

When you are ready to request a withdrawal simply login to your Hydra Dashboard and select the "Payouts" tab in the left hand menu under funded accounts.

You can then submit your preferred payout method either "USDT" or "Wire Transfer". Standard processing time is 3-5 business days.

First withdrawal can be anytime, subsequent withdrawals every 30 days or more.

Note:
When a withdrawal is approved your max drawdown will lock in at your starting balance.

Weekend holding and trading is available as an add-on option for our 1 Phase Challenges. It is not available for 2 Phase Challenges.

Unless you paid for the upgrade (available on the checkout page when you select an Evaluation above - we require all trades to be closed by 3:45 pm EST on Friday. Any trades left open will be closed automatically from our end. This is NOT considered a violation and you will be able to continue trading your account at market re-open.

Expert Advisors:
Trading robots are not allowed on our platform.

We are looking for traders with unique strategies and edge, and unfortunately majority of robot users are using off-shelf EAs from third parties which is not what we are looking for as a firm.

News Trading:
Trading during news and holding over news is only permitted under our Single Phase Challenges.

2 Phase challenges must adhere to the below conditions:‍
It is the trader's responsibility to have all positions for the associated symbols, as listed hereunder, closed no later than two (2) minutes in advance of the economic releases pursuant to the respective economic calendar:
‍
Country News Release | Symbols
USA Non Farm Payrolls | All
USA Retail Sales | All
USA CPI | All
USA PPI | All
USA Michigan Consumer sentiment | All
USA GDP q/q | All
USA Core PCE Price Index m/m | All
USA ADP Non-Farm Employment Change | All
USA ISM Manufacturing PMI | All
USA ISM Services PMI | All
USA Crude Oil Inventories (EIA) | USOil, UKOilUSA Natural Gas Inventories (EIA) | NGAS
USA FED Interest Rate decision | All
EU ECB Interest Rate decision | All EUR FX pairs
UK BOE Interest Rate decision | All GBP FX pairs

You will have access to the same balance as the challenge account you passed.

If you traded with $100,000 in the challenge, you will also trade with $100,000 in the Hydra Funded Account. Please note that all accounts provided by Hydra Funding (including Hydra Funded Accounts) are demo accounts with virtual funds.

The difference is traders are entitled to up to 90% of account gains generated on the Hydra Funded Account after you've passed the challenge.

There are 3 ways to lose an account: Daily Stop Rule, Maximum Drawdown Rule, or after an inactivity period (not opening or closing a trade) of 30 days.

Funded Account Limits:
‍
$2 million max per person (can be made up of multiple assessments, provided none are same size at the same time).
‍
$2 million max per strategy (can be made up of multiple assessments, provided none are same size at the same time).

Note:
There is NO limit to how many accounts you may have (as long as it's within the $2 million limit). There is NO limit for compounding. Up to $1 million of initial funding, then grow the account to any balance you desire - yes, even $10 million, $20 million, and so on.

All markets offered here (all offered through Osprey FX) will be tradeable with our proprietary firm. We offer Currencies, Indices (including DXY, VIX), Commodities, Digital Currencies, and Individual Shares. Please make yourself aware of any broker side limitations regarding risk and depth of market as Hydra Funding has no control over these things.

Once you have received your account, please make sure to "Show All" pairs in the terminal.

Single Phase Accounts Leverage:
Currencies, Metals, Oils, and Indices (1:10)
Digital Currencies (1:2)
CFD/Stocks (1:5)

2 Phase Accounts Leverage:
Currencies, Metals, Oils, and Indices (1:50)
Digital Currencies (1:2)
CFD/Stocks (1:5)
‍
‍
Double leverage upgrade available at checkout. Only applies to Currencies, Metals, Oils and Indices. Digital Currencies and Stocks are not included.

Lot Size Specifications:
Right click the market you are trading and press Specification in the MT4/MT5 terminal.

Slippage:
Although Osprey FX has extremely good depth of market on most of its offered pairs/markets, there are some exceptions - these are entirely handled by Osprey FX, and Hydra funding has no control over depth of market or broker pricing or ANY broker related services.

Digital Currencies offered with Hydra funding via Osprey FX are offered as a CFD and not as a DEX product - so you may experience higher slippage as you trade larger lot sizes - This is true regardless of the broker executing the trades, but please make sure you are aware of how slippage works and can impact your trading.

We work with an extremely reputable and well-established broker: Osprey FX. All spreads on all tradeable instruments are provided by Osprey FX starting as low as 0.2 pips on Majors.

Commissions are as follows:
Currencies Standard: $7 per lot,round trip
Currencies .pro: $8 per lot, round trip
Digital Currencies, Metals, Energies: $7 per lot, round trip
Indexes, Shares: $7 per lot, round trip

Note: Currencies .pro symbols have tighter spreads than Standard, hence the higher commissions. Traders that value tight spreads can make use of these symbols.

Currently, all accounts are opened with Osprey FX. Trading platform download link will be made accessible to you and sent to you with credentials after your payment is processed (15-30 minutes) and will also be accessible once logged into the dashboard.

Although Osprey FX may not be available in your specific country, you will be permitted to trade with the broker through Hydra Funding.

We do not accept residents from OFAC-sanctioned countries.

In our terms and conditions you will see a better outline of these rules (view upon purchasing your evaluation).

Simply put, taking advantage of arbitrage pricing or latency is against the rules. Malicious practices like latency pricing used to benefit in a demo environment that can't be used in a live environment is against the rules.

Please review our Terms and Conditions for a full list of prohibited trading practices.