HyperPNL
- Backed by
- —
- Jurisdiction
- Cayman Islands
- Launched
- 2025
- Venue
- Own simulated platform
- Among the cheapest entries ($42 for a 5K 1-step)
- No KYC, no consistency rule, no time limit, weekend and news trading allowed
- Rules 'locked at purchase' per FAQ
Cheap 5K-25K evaluations on Hyperliquid/Ostium price feeds, no KYC. Says payouts are smart-contract enforced but publishes no contract address.
Rules
- Profit split
- 80%
- Venue
- Own simulated platform (prices from Hyperliquid + Ostium)
- Max leverage
- —
- Assets
- Crypto (Hyperliquid) plus FX, indices, stocks, commodities (Hyperliquid HIP-3 and Ostium)
- Min trading days
- 1-Step: none; 2-Step: 2 profitable days in Phase 1 and 3 in Phase 2 (each day >=0.5% of starting balance)
- Time limit
- None
- Consistency rule
- None. Copy trading, hedging across accounts and multiple accounts prohibited
- Weekend holding
- Yes
- News trading
- Yes
Company & access
- Entity
- Hyperpnl Ltd (CO-425378)
- Jurisdiction
- Cayman Islands
- Backers
- —
- KYC
- No
- US traders
- Unknown
- X
- @hyperpnl
No KYC currently (may be introduced). Restricted jurisdictions are in the Terms of Service (not retrievable without the app); a prior source cited 18 restricted jurisdictions, unconfirmed.
Things to know before buying
- Marketed as smart-contract governed but no contract or treasury address is published anywhere we could find
- Copy trading is banned for traders, while the firm says it copies selected funded traders' trades
- Evaluation fees are non-refundable and 50K/100K sizes are 'Soon'
| Size | Price | Target | Daily loss | Max DD | P/D |
|---|---|---|---|---|---|
| $5K | $42 | 10% | 3% | 5% | 2 |
| $10K | $86 | 10% | 3% | 5% | 2 |
| $25K | $215 | 10% | 3% | 5% | 2 |
| Size | Price | Target | Daily loss | Max DD | P/D |
|---|---|---|---|---|---|
| $5K | $50 | 10% / 5% | 5% | 9% | 1.67 |
| $10K | $90 | 10% / 5% | 5% | 9% | 1.67 |
| $25K | $213 | 10% / 5% | 5% | 9% | 1.67 |
Payout terms
- Paid in
- USDC
- Speed
- Instant, under 3 seconds (claimed); one payout per day
- Minimum
- 1% of account size (e.g. $100 on 10K); account must be at least 1% in profit and flat
- Reported paid
- —
Payout verification
This firm doesn't publish a payout wallet, so we can't follow its payouts on-chain. That's common and not a red flag on its own.
Docs describe three contracts (Payment Router, Payout Treasury, Data Recorder) and say the payout reserve is public, but no contract address, chain name or explorer link appears in the site, gitbook docs (43 pages searched), front-end bundles or Trustpilot reviews (one review complains it cannot find where to verify the pool). Trading and evaluation logic run off-chain. Docs say the platform selectively copies funded traders' trades. Addresses that a web search attributed to HyperPNL are in fact Hypernova's.
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Checked against HyperPNL's own site and docs on 2026-09-29 (confidence: medium). Terms change often — confirm on the firm's site before buying.
Sources (8)
- https://hyperpnl.com
- https://hyperpnl.gitbook.io/docs
- https://hyperpnl.gitbook.io/docs/challenges-101/evaluation-rules
- https://hyperpnl.gitbook.io/docs/faq/rules
- https://hyperpnl.gitbook.io/docs/faq/payouts
- https://hyperpnl.gitbook.io/docs/architecture/smart-contracts
- https://www.trustpilot.com/review/hyperpnl.com
- https://x.com/hyperpnl