HyroTrader, a rapidly expanding crypto prop firm, has selected cleo.finance trading platform as the best-in-class solution for prop trading, delivering real exchange liquidity, automated risk management, and a transparent trading environment. By integrating the CLEO platform, HyroTrader sets a new benchmark for fairness and execution quality in the crypto prop trading industry.
This significant move is much needed in the crypto prop trading industry, as many proprietary trading platforms lack transparency. Traders are increasingly seeking platforms that offer fast data, liquidity directly from ByBit, Binance or any other major crypto exchange, and a trading environment free from manipulation. The integration of cleo.finance trading platform aims to set a new standard in prop trading by addressing these key concerns for all HyroTrader users.
Both companies are headquartered in the EU but maintain a global focus, aiming to support retail traders all over the world. Through this partnership, HyroTrader's traders can now access over 600 cryptocurrency pairs directly via the CLEO platform. They benefit from profit-sharing arrangements, retaining between 70% to 90% of the profits generated on their funded accounts. Additionally, traders have the option to switch their challenge accounts to backtesting accounts on the CLEO platform, allowing them to refine their strategies using CLEO's features, such as Smart Trading, Position Replay, and automated bot trading.
HyroTrader offers both one-step and two-step evaluation challenges, with 21,480 registered traders. In its first year, HyroTrader paid out more than $1,000,000 to funded traders. The platform provides traders with the flexibility to choose based on their experience and preferences. Currently, traders can execute trades directly on ByBit or the CLEO platform, with plans to integrate more exchanges in the future.
CEO Sam Drnda expressed his enthusiasm about the partnership, stating, "We are very excited to start working with CLEO because they are a team of experienced developers and traders who are truly focused on creating a great product. Transparency and integrity are key values for us at HyroTrader, and CLEO aligns perfectly with our vision."
Kevin Grulich, CEO of cleo.finance, shared his perspective on the partnership, stating: "HyroTrader’s commitment to transparency and trader-first values made this partnership a natural fit. Rather than settling for the status quo, they sought a platform that prioritizes fair execution, real exchange liquidity, and advanced trading tools. They found that in CLEO. We expect other prop firms to recognize the same need for a transparent and scalable trading environment and choose CLEO as their preferred platform."
Sam Drnda also emphasized the importance of transparency in choosing the CLEO platform, noting that traders maintain their own accounts on CLEO, ensuring that HyroTrader cannot manipulate trading data or the trading environment. This commitment to transparency has been a cornerstone of HyroTrader's trust with its active traders. In contrast, many proprietary trading firms operate on CFD platforms, where they can potentially manipulate trading data, feeds, wicks, and swaps, sometimes trading against their clients.
The integration of the CLEO platform is also expected to open new markets, particularly for traders who face restrictions trading on ByBit due to country-specific regulations. HyroTrader aims to expand primarily in these restricted markets to gain new potential partners and focus on the scalability of its product.
To support traders in acclimating to the new platform, HyroTrader offers a free trial for crypto demo trading accounts. This allows traders to experience the challenge environment without committing financially, a feature that has proven popular among those who wish to familiarize themselves with challenge rules and the trading environment before starting an official challenge.
Traders are highly encouraged to try the free trial of CLEO's backtesting platform and visit HyroTrader.com for more details on how to get started.
This strategic partnership underscores HyroTrader's dedication to providing cutting-edge tools and transparent trading environments, reinforcing its position as a leading crypto prop firm.