Hydra Funding prop firm offers funding for both crypto and forex markets. Traders can choose between the Forex prop firm and the crypto prop firm on the website and purchase challenges. Both crypto and FX prop firms offer 1-step and 2-step challenges. Funding options range from 5k to 200k USD on crypto challenges and from 5k to 1 million USD for FX challenges. The profit split starts at 75%, and traders can increase it to 90% using paid upgrades.
In this Hydra Funding review, we will assess the firm’s critical features, such as safety, rules, funding options, assets, platforms, support, and more. After reading this review, you will have an unbiased opinion on whether the firm can be trusted.
Pros & cons of Hydra Funding prop firm
Pros |
Cons |
| Offers both Forex and crypto challenges | Has limited industry experience |
| The profit split starts at 75% and can go up to 90% | Funded accounts are demo accounts |
| Multiple funding options are available, ranging from 5k to 1 million USD | No scaling plan |
| Supports advanced trading platforms, including cTrader, DXTrade, and MatchTrader | Does not provide free trials, free repeats, or educational resources |
| Customer support is limited to live chat and Discord |
Quick rating of Hydra Funding and its features
| FPA Score | Not rated yet |
| Year founded | 2023 |
| Headquarters | Sheridan, United States |
| Minimum audition fee | 35 USD |
| Fees on withdrawals | 0 USD |
| Minimum funded amount | 5,000 USD |
| Maximum funded amount | 1,000,000 USD |
| Allowed daily loss | 3-5% |
| Profit target | 8-10% |
| Maximum trailing drawdown | 6-8% |
| Profit sharing (Payouts) | 75% (Up to 90%) |
| Trading Platforms | CTrader, DXTrade, and Matchtrader |
| Available trading markets | Forex, indices, commodities, cryptos |
Safety of Hydra Funding – 0
Hydra Funding reviews are lacking on the FPA, which is usually a red flag. On Trustpilot, the firm has only around 40 reviews, and it is difficult to conclude if traders are evaluating it as bad or good. When it comes to experience in the industry, the firm has been around since 2023, making it relatively young and inexperienced in the prop sector. Additionally, all funded accounts are simulated or demo accounts. The inability to access live funded accounts is a serious downside for Hydra Funding prop trading firm.
The firm gets a 0 score in this section.
Hydra Funding Funding and maximum capital allocation – 5
Hydra Funding funded programs are diverse and include 1-step and 2-step evaluation challenges allowing traders to select suitable accounts. Funded options are different for crypto and FX challenges. Hydra Funding funding options for FX challenges include 10k, 25k, 50k, 100k, 200k, 500k, and 1 million USD. The crypto funding options include 5k, 10k, 25k, 50k, 100k, and 200k USD amounts.
Hydra Funding challenge types are sorted in two modes, which is very flexible as traders can clearly select their favorite assets and start funding.
Hydra Funding scaling plan is not offered at the moment, which is a downside, especially for crypto funded traders, as the firm only offers up to 200k USD funding and there is no ability to grow funded accounts over time. There are both 1k and 1 million USD funded challenges, and the firm gets a 5 score in this section.
Hydra Funding Assets – 3
Hydra Funding prop trading is possible by speculating on a number of markets, including Forex pairs, commodities, indices, and cryptos. The firm lacks other popular asset types, such as stocks and futures. Leverages include FX & Metals 1:20, Indices 1:10, Commodities 1:5, and Crypto 1:2. Spreads are not zero, which means traders have to be careful when deploying scalping methods.
Overall, the firm gets a 3 score in this section.
Hydra Funding Trading rules and limitations – 0.9
Hydra Funding rules are slightly different for each funded challenge type. The 1-step Forex challenge has 8% and 5% for phases 1 and 2. The daily drawdown is 5%, and the maximum drawdown is 9%. The 1-step FX challenge has a 10% profit target, a 5% daily loss limit, and a 6% maximum drawdown. The 1-step crypto challenge has a 9% profit target, a 6% maximum drawdown, and a 3% daily loss limit. The 2-step crypto challenge has 6% and 9% profit targets for phases 1 and 2. The daily loss limit is 3%, and the maximum drawdown is 6%.
In the end, the firm gets a 0.9 score in this section as it does not have at least a 10% maximum drawdown.
Hydra Funding Fees – 3
The pricing by Hydra Funding is 35 USD for the crypto 5k challenge and 110 USD for the 10k FX challenge. Both are prices for 2-step accounts, and 1-step accounts have slightly higher pricing. Spreads are above 0 pips, which is not attractive. The pricing being below 150 dollars is attractive.
Hydra Funding free trial is not available, and the Hydra Funding free repeat is not offered at this moment, which is a big downside and makes it impossible to check trading conditions before purchasing challenges.
The firm gets a 3 score in this section for offering competitive pricing but lacking other important features.
Hydra Funding Platforms – 3.9
Hydra Funding allows access to diverse trading platforms, including CTrader, DXTrade, and Matchtrader. These platforms are advanced, especially the cTrader platform. It allows both custom indicators and automated trading robots. Other platforms are not as advanced but still decent. Mobile trading is available via mobile apps of these platforms.
As a result, the firm gets a 3.9 score in this section.
Hydra Funding Profit-Sharing – 3
Hydra Funding profit split starts at 75% for Forex prop funding, and traders can purchase an add-on to increase it to 90%. Crypto prop trading has a 90% profit split by default without paid add-ons, which is attractive.
Withdrawals have no commissions, but processing is a little slower.
Overall, the firm gets a 3 score in this section.
Education and trading tools at Hydra Funding – 0
Hydra Funding does not provide any educational materials, which is a big downside for the firm. There are no video guides, webinars, or trading courses offered. The firm does not offer a trading blog either.
As a result, it gets a 0 score in this section.
Customer Support at Hydra Funding – 1.2
The firm only offers live chat and Discord channels, and there is no email or phone support available, which is a downside. Both the website and support are only in the English language.
The firm gets a 1.2 score in this section.
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