Side-by-side: drawdown, payouts, pricing, platforms. Topstep uses Intraday trailing, HyroTrader uses EOD-trailing (no lock) — these are different beasts.
| Dimension | Topstep | HyroTrader |
|---|---|---|
| Drawdown mechanic | Intraday trailing | EOD-trailing (no lock) |
| Cheapest eval | $49 | $79 |
| Profit split | 90% | 90% |
| Payout frequency | Next Trading Day | Daily |
| Max funding | $150,000 | $1 Mio. |
| Max payout | $150,000 | — |
| Assets | Futures | Crypto |
| Platforms | TopstepX, NinjaTrader, Tradovate | ByBit |
| Payout methods | Wise, Wire / SWIFT, ACH, Aeropay | Crypto |
| Promo code | — | VIBES (5% off) |
| Paul-tested | Research-based | Research-based |
Topstep uses Intraday trailing while HyroTrader uses EOD-trailing (no lock). Your risk approach needs to adjust when switching.
MLL tracks intraday equity-high tick by tick. Spike up = floor raised instantly.
MLL trails end-of-day equity-high with no lock. Pure trailing-up.
Topstep offers 4 plans. HyroTrader offers 4 plans.
Topstep's cheapest evaluation is $49. HyroTrader's cheapest is $79. Topstep wins on entry price marginally.
Topstep uses Intraday trailing. HyroTrader uses EOD-trailing (no lock). These are fundamentally different — your risk model needs to change when switching between them.
Topstep: 90%. HyroTrader: 90%.
Topstep is research-based on this site — Paul has not yet completed a full evaluation cycle there. HyroTrader is research-based — see the main review for the data sourcing methodology.
Yes. Different prop firms have no shared compliance — running them in parallel is the standard playbook for funded traders looking to diversify firm-risk. Track each firm's rule changes independently.
Topstep payout cadence: Next Trading Day. HyroTrader: Daily. Method matters too — Wise and Plaid typically beat ACH and wire by 1-2 days.
No cross-firm compliance overlap. Each firm 1099s independently for US residents. Cross-firm copy-trading rules only matter inside a single firm's account family.
Drawdown mechanic comes first. Both firms run trailing mechanics — winners decide on entry price and payout speed. After mechanic, evaluate payout speed and your strategy's drawdown profile.
