About Hydra Funding

Hydra Funding is a prominent prop trading firm offering funding opportunities for forex and cryptocurrency traders. With its unique focus on both asset classes, it has established itself as a go-to platform for traders seeking to scale their trading operations without risking personal capital. From a wide range of account sizes to competitive profit-sharing models, Hydra Funding is designed to empower traders. Let’s explore all the details about this firm, including their challenges, rules, payouts, and more.

Company Information

Company Name: Hydra Funding
Company Legal Name: Hydra Funding LLC
Company Registration No.: Not Disclosed
Operating Since: 2022
CEO Name: Cameron Fous
Support Email: [email protected]

Hydra Funding operates out of the USA and is led by Cameron Fous, a veteran in the trading industry. The firm provides both forex and crypto funding, making it the first prop firm to specialize in these two major markets. Since 2022, Hydra has built a solid reputation, offering traders opportunities to manage accounts as large as $1,000,000 with competitive spreads, reliable payouts, and multiple trading platforms.

Challenge Details

Hydra Funding offers two main challenge types: the One Phase Evaluation and the Two Phase Evaluation. Both challenges come with their own sets of rules and pricing structures to suit different trader preferences.

One Phase Evaluation

This challenge is a straightforward option for traders who prefer a single-step evaluation process. The prices vary depending on the account size.

Pricing:

• $10,000 Account: $130
• $25,000 Account: $250
• $50,000 Account: $450
• $100,000 Account: $750
• $200,000 Account: $1,500
• $500,000 Account: $3,750
• $1,000,000 Account: $7,500

Rules:

• Profit Target: 10%
• Max Drawdown: 6%
• Daily Drawdown: 5%
• Profit Share: 75%, 90% with an add-on
• Drawdown Type: Static Based Drawdown
• Time Limit: 30 Days
• Leverage: FX & Metals 1:20, Indices 1:10, Commodities 1:5, Crypto 1:2
• Allows Copy Trading: Yes
• EA (Expert Advisors) Allowed: Yes
• News Trading: Not Allowed

Two Phase Evaluation

The two-phase challenge is for traders who prefer a more comprehensive evaluation, with a lower entry cost and different rules.

Pricing:

• $10,000 Account: $110
• $25,000 Account: $210
• $50,000 Account: $300
• $100,000 Account: $500
• $200,000 Account: $900

Rules:

• Profit Target (Phase 1): 8%
• Profit Target (Phase 2): 5%
• Max Drawdown: 9%
• Daily Drawdown: 5%
• Profit Share: 75%, 90% with add-on
• Drawdown Type: Static Based Drawdown
• Time Limit: 30 Days
• Leverage: FX & Metals 1:50, Indices 1:10, Commodities 1:5, Crypto 1:2
• Allows Copy Trading: Yes
• EA (Expert Advisors) Allowed: Yes
• News Trading: Not Allowed

Scaling Plan

Hydra Funding does not offer any scaling plan at this moment.

Spreads and News Trading Rules

Spreads:

Hydra Funding offers competitive spreads across all its instruments. With spreads starting as low as 0.0 pips, traders can enjoy trading on raw spreads provided by Hydra's liquidity partners. Whether you’re trading forex, indices, or crypto, the platform ensures tight spreads to maximize profitability.

News Trading Rules:

Trading during major news events is strictly prohibited. Traders are not allowed to place trades within three minutes before or after a news event. Hydra Funding retains the discretion to remove trades, reduce leverage, or breach accounts that violate this rule.

Other Important Rules

Daily Drawdown Calculation:

Daily Drawdown is calculated based on Balanced-Based Drawdown. The drawdown resets at 5 PM EST each day, unlike equity based drawdown, every time the account balance increases, The daily loss limit increases based on the new balance and does not decreases as the trader closes a losing trade.

Countries Banned from Purchasing:

Traders from OFAC-listed countries are restricted from participating in Hydra Funding’s program.

Gambling Rules:

Hydra Funding strictly prohibits trading strategies that resemble gambling. Consistent risk management and trading based on sound strategies are expected from all traders.

Prohibited Trading Strategies:

Hydra Funding prohibits several strategies to maintain market integrity:

• Exploiting platform errors or latency
• Using insider information
• Front-running trades
• Arbitrage between accounts
  Any trader found engaging in prohibited activities will have their account terminated and forfeit any fees paid to Hydra Funding.

Payout Methods

Hydra Funding offers two payment methods : 

• Cryptocurrency : USDC (ERC20), ETH (ERC20) or BTC
• Rise : Bank Transfer

Trading Commissions

Hydra Funding ensures low trading commissions across all its platforms, which helps traders maximize their profits. The commission structure is transparent, with no hidden fees or unexpected charges.