HyperStack Review 2026
Crypto prop firm · Est. 2026 · Simulated evaluation on Hyperliquid · Non-custodial
Review date:
HyperStack works differently from most prop firms on this site. Instead of giving traders a funded account to trade, HyperStack has traders connect their own Hyperliquid wallet and trade normally with their own strategy. HyperStack then mirrors that trading activity into a simulated account behind the scenes, and pays performance-based rewards, in USDC, directly to the trader’s wallet if they hit the program’s targets. Because HyperStack never takes custody of a trader’s funds or private keys, it carries less counterparty risk than models that require a deposit. But because the underlying trading is simulated, it is not the same product as a real funded account, and reward payouts are not the same as profit from real trading capital.
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Important: HyperStack is a simulated evaluation, not a traditional funded account. You trade with your own Hyperliquid wallet, and HyperStack mirrors your activity into a simulated account to calculate reward-based payouts. No real trading capital is ever provided to you, and passing a challenge does not guarantee compensation, per HyperStack’s own terms.
HyperStack works differently from most prop firms on this site. Instead of giving traders a funded account to trade, HyperStack has traders connect their own Hyperliquid wallet and trade normally with their own strategy. HyperStack then mirrors that trading activity into a simulated account behind the scenes, and pays performance-based rewards, in USDC, directly to the trader’s wallet if they hit the program’s targets. Because HyperStack never takes custody of a trader’s funds or private keys, it carries less counterparty risk than models that require a deposit. But because the underlying trading is simulated, it is not the same product as a real funded account, and reward payouts are not the same as profit from real trading capital.
HyperStack runs six one-time registration tiers with no recurring fees: a free $1,000 tier, currently sold out, then $74 for $5,000, $135 for $10,000, $309 for $25,000, $579 for $50,000, and $999 for $100,000. Accounts can scale up to a $400,000 maximum. The profit target and max drawdown scale with tier size, roughly 10% and 5% respectively. There is no time limit on the one-step evaluation, and no KYC is required to trade, only at the point of payout.
Traders keep 90% of reward payouts, sent monthly. Hitting a 5% quarterly return with a Sharpe ratio above 1 can trigger automatic account growth at no additional cost.
Pros
- Non-custodial: HyperStack never holds your funds or private keys
- Free entry tier available (when in stock)
- Very low one-time fees across all paid tiers
- 90% reward split, higher than most traditional firms
- No time limit on the evaluation
- No KYC required just to trade
- Scales up to $400,000 with strong quarterly performance
Cons
- Simulated trading, not a real funded account
- Passing does not guarantee compensation, per HyperStack’s own terms
- New program with no long-term payout history
- Reward payouts depend on program terms, not guaranteed profit
- Only a one-step evaluation option currently offered
- No financial regulation
Alternatives to HyperStack
Firms in the same category with a comparable score, each offering something HyperStack does not.
- Vanta Trading scores 6.6 and offers up to a 100% split and news trading allowed.
- Coin Funded scores 7.0 and offers a refunded fee on passing and no minimum trading days.
- WenCrypto scores 7.0 and offers a static drawdown.
HyperStack is one of 12 crypto prop firms we rank. See where it places in our full crypto prop firm rankings.
Frequently Asked Questions
Is HyperStack real trading with real funded capital?
No. HyperStack is a simulated evaluation. Traders connect their own Hyperliquid wallet and trade normally, and HyperStack mirrors that activity into a simulated account behind the scenes. There is no custody transfer and no real funded capital changes hands. Traders who meet the performance conditions receive reward-based payouts in USDC, but passing a challenge does not guarantee any compensation, per HyperStack’s own terms.
Is HyperStack legitimate?
HyperStack is non-custodial, meaning it never takes control of a trader’s funds or private keys, which is a genuine safety advantage over models that require depositing money with the firm. However, because the underlying trading is simulated rather than real, it is not a traditional funded-account model, and traders should treat the reward payouts as performance-based bonuses rather than profit from an actual funded account. It is a new program with no long-term payout history.
How much does HyperStack cost?
HyperStack has six one-time registration tiers with no recurring fees: a free $1,000 tier (currently sold out), $74 for $5,000, $135 for $10,000, $309 for $25,000, $579 for $50,000, and $999 for $100,000. Accounts can scale up to a $400,000 maximum.
What is the HyperStack profit split and payout schedule?
Traders keep 90% of reward payouts, higher than the 80% many traditional prop firms offer. Payouts are sent monthly directly to the trader’s wallet in USDC. Hitting a 5% quarterly return with a Sharpe ratio above 1 can trigger automatic account growth with no additional fees.
Does HyperStack require KYC?
No KYC is required to trade the evaluation. KYC is only required at the point of payout eligibility.
Review date:
Best for
On-chain experimenters: non-custodial, a free entry tier when in stock, very low fees, and a 90% reward split.
Avoid if
You want a payout you can rely on. The accounts are simulated, HyperStack's own terms say passing does not guarantee compensation, and there is no long-term payout history.
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