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Hypernova logo

Hypernova Review

New prop firmCrypto & TradFi perpetuals

Hypernova sells one-step assessments on simulated perpetual-futures accounts in crypto and TradFi markets, priced with Hyperliquid data and paid in USDC on Arbitrum; its operator, Hypernova Systems, gives a George Town, Grand Cayman address, and its rules date from 31 March 2026.

Research checked
CryptoEquitiesCommoditiesIndicesFX
  • Tight risk· 9% target, 3% max loss
  • Low risk· 10% target, 6% max loss
  • Medium risk· 10% target, 7% max loss

Some official terms conflict. Hypernova's own pages (homepage, both copies of Rulebook v1.1, Terms of Use and help docs) disagree on at least 11 points, including whether loss limits are checked on live equity or at end of day, and whether leverage is 5x or set per symbol up to 20x; further differences are noted inline. See both versions

Reviewed by The Up Trade Funded Editorial Teamhow we reviewPublished
Not scored
New firm · see evidence status
List price from
$25
Models on sale
3
Document conflicts
11+ open
Research checked
16 Oct 2026
Compare models and prices ↓

Affiliate link · may earn commission

Account models
3 risk tiers
Tight, Low, Medium; all one-step. High risk restricted, not on sale
List price from
$25
Tight risk $5K, one-time in USDC; four Low prices conflict
Profit split
80%
Same on every tier, of net profit; docs also say “up to 80%”
Payout pledge
On demand
While flat; firm cites 0.02 s to 6.1 s; $10K/day cap in alpha
Max starting size
$200K
Tight and Low; $100K on Medium; the $300K cap is combined
Platforms
Web terminal
In-house, TradingView charts; no other platform or public API

Editorial assessment & evidence status

No numerical score

Basis

  • 11 official documents read, plus 12 supporting pages
  • 17 list prices checked against the Rulebook
  • 11 key conflicts open; more noted inline
  • Checkout prices need an account; not seen
  • No purchase, payout or support test

16 Oct 2026, 02:27–03:07 UTC. Methodology

Pricing transparency

Public, partly conflicting

All 17 list prices are public and one-time, but four Low-risk prices differ by $1 to $5 between the selector and the Rulebook, and the app's checkout needs an account.S1S2S22

Rule clarity

Short but conflicting

Two loss limits and a short list of bans, but the homepage, the two Rulebook copies and the Terms disagree on drawdown timing, leverage, execution and appeals.S1S2S3S4

Payout conditions

Few gates, discretionary holds

Any time while flat, no minimum, 80%; capped at $10,000 of profit a day in the alpha, and the Rulebook lets Hypernova suspend payouts for conduct it judges prohibited.S2S5

Operating history

Limited evidence

Rules dated 31 March 2026 and an invite-only beta. Payout totals, the reserve and pass rates are the firm's own figures, which we did not check on-chain.S4S1S21

Trustpilot blocked our automated check and no other review platform was read; neither means Hypernova has no reviews.

The funded journey

How funding works at Hypernova

Every tier needs the assessment; the homepage's Fast Track skip is not documented as live.

  1. Step 1

    Choose a tier

    3 tiers
    Check the Terms' sanctions rule; one account per person.
  2. Step 2

    Buy and get access

    From $25
    Pay in USDC on Arbitrum from the built-in wallet.
  3. Step 3

    Pass the assessment

    9% or 10%
    One step, no minimum days; a touch of a limit ends it.
  4. Step 4

    Qualify and verify

    Sumsub KYC
    Then sign the funded-trader agreement with your wallet.
  5. Step 5

    Request a reward

    No minimum
    Any time while flat; 80%, up to $10K of profit a day.

Our verdict on Hypernova

What Hypernova publishes. List prices run from $25 (Tight risk, $5K) to $1,950 (Low risk, $200K), one-time in USDC. Each tier has just two equity limits, with no consistency rule, minimum days or time limit, and funded accounts pay 80% on demand while flat, through a smart contract whose addresses the docs publish.S1S2S5S10

What is unresolved. Its pages disagree on rules that decide whether an account survives: whether limits are checked on live equity or at end of day, maximum leverage, where orders are filled and whether a breach can be reviewed. The two copies of Rulebook v1.1 differ, and the checkout links the docs copy.S1S2S3S4S22

What is unverified. The rules date from 31 March 2026 and the platform is an invite-only beta. Its claims of $1.68M paid to 286 traders, a $745.1K payout reserve and a 20.9% paid pass rate are its own; we did not check them on-chain, and the Rulebook lets Hypernova suspend payouts or close accounts with no payout, decisions final.S4S1S21S2

How we review & sourcing: built from Hypernova's 11 official documents as published on 16 Oct 2026, plus 12 supporting pages, including the app's public code. We did not buy an assessment, link a wallet or request a payout. Sources and method

Bottom line · Low entry fees, short rules and payout records the firm says are on-chain, but a months-old, invite-only beta with USDC-only payments, a $10,000 daily payout cap and pages that disagree on drawdown and leverage. If you buy, trade to the Rulebook's live-equity reading and treat the fee as money you can afford to lose.

Pros

  • List prices from $25 (Tight risk, $5K), one-time
  • No consistency rule, minimum days or time limit
  • A static maximum floor that never trails
  • Payouts on demand while flat, no minimum
  • Contract and reserve addresses published for Arbitrum

Cons

  • Official pages conflict on at least 11 points
  • A momentary touch of a limit ends the account
  • Each payout resets the balance; Tight keeps only 3% of room
  • USDC on Arbitrum only; $10K a day payout cap in alpha
  • Rules from March 2026; invite-only beta; stats unverified

Who Hypernova may suit

May suit

  • Crypto traders at ease with USDC on Arbitrum and an in-app wallet
  • Traders who want no consistency rule, minimum days or time limit
  • Disciplined traders who can live with a static 3% (Tight) to 7% (Medium) floor
  • Traders who want payouts the firm says can be traced on-chain

Use caution if you

  • Need card, bank or other fiat payments or payouts
  • Use copy trading, signals or community trade ideas
  • Plan to run a bot through an API (none is published)
  • Let floating losses run close to a limit
  • Would switch strategy after passing
  • Need a long track record or a regulated counterparty

Availability & country restrictions

The Terms bar anyone located in, ordinarily resident in or a national of a jurisdiction under comprehensive US (OFAC) sanctions, and Hypernova blocks access by IP; using a VPN from a restricted country ends the account and forfeits pending payouts. The FAQ adds that ID documents from Cuba, Iran, North Korea and Syria cannot be verified.S4S11S6

Restricted (Terms)

  • Cuba
  • Iran
  • North Korea
  • Russia
  • Syria

The Terms name these five “including but not limited to”, so absence from the list does not confirm acceptance.

Account sizes, fees and discounts

Hypernova charges a one-time fee in USDC from the built-in wallet. These are the 17 list prices its homepage selector offered on 16 Oct 2026; the cheapest is $25 for a $5K Tight risk account. The Rulebook gives the same Tight and Medium prices but different Low-risk prices at four sizes (C4), and the Terms let Hypernova change prices for future purchases.S1S2S4

List prices by risk tier (USD, paid in USDC)

SizeTight riskLow riskMedium risk
$5K$25 (lowest list price)$60$80
$10K$50$110C4$150
$25K$120$275C4$365
$50K$200$500C4$675
$100K$400$1,000C4$1,350
$200K$800$1,950Not offered

Checked 16 Oct 2026, 02:27–03:07 UTC. Medium risk stops at $100K, although the Rulebook's drawdown table still lists a $200K Medium floor. Starting an Assessment, which the FAQ cites for current prices, lists Medium and High fees as TBD; High-risk fees are TBD in the Rulebook, and figures in the homepage code are not shown. The C4 badges mark the Low-risk prices the Rulebook gives differently.

Promotions and other charges

ItemPrice or endStatus
Nova Score wallet discount10% to 80% off an assessment, by score, for a linked Hyperliquid wallet with 8+ trading days and 20+ days of ageNo programme end date; each grant shows its own expiry at checkoutUnverifiedS13S22
Trading feesCrypto 0.01% maker, 0.04% taker; equities 0% and 0.03%; FX, commodities and indices 0% and 0.005%Per fill, on notionalDeducted from the accountS12S8
FundingHourly on open positions at Hyperliquid's rate; longs pay shorts when it is positiveNotional × hourly rateEvery UTC hourS12S9
Deposit network feeArbitrum gas when you send USDC in (only over Arbitrum; the docs warn other networks can lose funds); payout gas is sponsoredNot publishedPaid by you on depositS12S17S5

No monthly, inactivity, data, platform or withdrawal fees, per the Rulebook. Its two copies call trading fees Hyperliquid's standard rates passed through (docs) or mirrored (website); the schedule above is Hypernova's Trading Fees page. We hold no Hypernova code and tested no discount.

Key trading rules by model

One step only, with no time limit or minimum trading days on any tier. Both loss limits apply in the assessment and on the funded account and, per the Rulebook, are checked on live equity including floating P&L (C1).S2S3S1

Rules by model and stage

RuleTight riskLow riskMedium riskSources
Profit targetassessment9% of the starting balance, closed P&L only10% of the starting balance, closed P&L only10% of the starting balance, closed P&L onlyS2S3
Minimum trading daysassessmentNone; one trade can passNone; one trade can passNone; one trade can passS2S3
Time limitassessmentNone; the FAQ adds a 3-month inactivity freezeNone; the FAQ adds a 3-month inactivity freezeNone; the FAQ adds a 3-month inactivity freezeS2S3S6
Daily loss limitall stages3% of the 00:00 UTC balance3% of the 00:00 UTC balance4% of the 00:00 UTC balanceS2S3
Maximum lossall stages3% static; $97,000 floor on $100K6% static; $94,000 floor on $100K7% static; $93,000 floor on $100KS2S3
How limits are checkedall stagesLive equity, any touch (Rulebook) or closed equity at end of day (homepage)C1Live equity, any touch (Rulebook) or closed equity at end of day (homepage)C1Live equity, any touch (Rulebook) or closed equity at end of day (homepage)C1S2S3S1
Maximum leverageall stagesPer symbol, 2x to 20x (Markets doc) or 5x (homepage)C2Per symbol, 2x to 20x (Markets doc) or 5x (homepage)C2Per symbol, 2x to 20x (Markets doc) or 5x (homepage)C2S8S2S1S7
Consistency ruleall stagesNoneNoneNoneS2S3
Strategy switchingfundedProhibited: trade the way you passedProhibited: trade the way you passedProhibited: trade the way you passedS2S3

Documented, not on sale: a High risk tier (10% target, 5% daily, 8% static), restricted to eligible users with fees “TBD”; the app shows it as “LOCKED · COMING SOON”.S2S3S7S22

Other names: How It Works calls the tiers Precision (Tight), Conservative (Low), Standard (Medium) and Aggressive (High).S14

How the limits move

At 00:00 UTC each day the daily floor resets to that moment's balance (closed P&L only) minus the tier's daily percentage: a $100K Low account with a $102,000 balance at midnight must keep equity above $98,940 the next day. The maximum floor never moves ($94,000 on that account). Both are checked on live equity, so a momentary touch breaches, and the breach price the terminal shows excludes closing fees. The homepage says drawdown is measured at end of day (C1).S2S3S9S1

Passing, then funded

The target counts closed P&L only; if equity reaches it with positions open, Hypernova closes them to pass you, and one trade can be enough. The funded account keeps the same starting balance, tier and limits, drops the target, and must be traded the way you passed: switching to a materially different strategy is prohibited.S2S3

Prohibited conduct

Termination and a ban follow hedging across accounts or firms, copy trading, signals, trade ideas from communities or research, strategies sold to pass prop evaluations, and exploiting latency or price errors. Strategies that cannot be replicated in live markets are banned too, including trades that risk auto-deleveraging or swing unrealised P&L very widely. Decisions are final.S2S3

Bots, hedging and trading hours

Bots you build and run on a single account are allowed, but the API reference says the platform is UI-only, and the Terms bar bots used “in any manner not expressly permitted”. Hedge mode lets long and short positions on one symbol coexist in one account. Every market, equities included, trades 24/7; news trading and weekend holding are unrestricted, and funding is charged hourly.S2S23S4S9S8S12

Accounts and location

One user account per person, with up to two assessments at once and $300,000 of combined starting capital. Trading several accounts from one household, device or IP needs prior approval, and access from a restricted jurisdiction, including by VPN, ends the account and forfeits pending payouts.S16S2S4

What happens when a rule is broken

TriggerApplies toConsequence
Equity touches the daily or maximum floor, even for a momentAll tiers, assessment and fundedterminationPositions closed and the account disabled for good; no payout, refund or resetS2S3S4
Hedging across accounts or firms, copy trading, signals, community or research trade ideas, prop-pass strategiesAll accountsterminationTermination and a permanent banS2S3
Strategy switching after passing, or strategies that cannot be replicated in live marketsFunded (switching); all accountspayout cancelledterminationPayouts can be suspended and the account closed with no payout; decisions finalS2S3
Several accounts from one household, device or IP without approval, or shared credentialsAll accountsterminationTermination and a permanent banS2S3S4
Access from a restricted jurisdiction, VPN includedAll accountsterminationpayout cancelledImmediate termination; pending payouts forfeitedS4S11
Conduct Hypernova “reasonably determines” harmful to users, the platform or its businessAll accountspayout cancelledterminationSuspension or termination; pending payouts forfeitedS4
A position or order still open when you want to withdrawFundedpayout delayNo payout until the account is flat; after each payout, one round-trip trade firstS5
Payouts in one day reach $10,000 of profitFunded, during the closed alphapayout delayFurther payouts wait until the next dayS5S6S22

Payouts and profit sharing

Every payout needs a funded account that is flat (no open positions or orders) and in profit, a passed identity check and one wallet signature; nothing is paid from assessment or breached accounts, and the Terms promise no minimum payout amount or frequency.S5S2S6S4

Payout terms by model

TermTight, Low and Medium riskSources
First payoutAny time once funded, while flat and in profitS2S5S4
Later payoutsAny time; one round-trip trade between payoutsS5S2
Minimum requestNoneS2S5
Daily cap$10,000 of profit per user per day (closed alpha)S5S6
Profit split80% of net profitS4S2S3
After a payoutBalance resets to the start; floor staysS2S5
Stated settlement timeUnder 0.02 s, about 5 s or 6.1 s average, by pageC7S2S5S1
When a payout can be heldSanctions only (Payouts doc) or prohibited conduct (Rulebook, Terms)C5S5S2S4

Methods: USDC on Arbitrum only, released by the Vault contract to the embedded wallet created at sign-up, with gas sponsored by Hypernova and no payout fee. From there you can send USDC to any Arbitrum wallet or exchange; no bank, card or other payout route is documented.S5S10S12

What 80% means

Payout = (current balance − starting balance) × 80%. In the Rulebook's example, a $50,000 account at $56,000 pays $4,800 and Hypernova keeps $1,200; the balance returns to $50,000 and the $47,000 floor stays. Every payout therefore resets your room above the floor to the tier's full maximum loss, only 3% on Tight. The Payouts doc also offers 25%, 50%, 75% or custom amounts without saying how a partial payout changes the balance.S2S5

The $10,000 daily cap

During the closed alpha, payouts are capped at $10,000 of profits per user per day, across requests; the Payouts doc and FAQ state it, while the Terms and Rulebook do not. Neither says whether the cap counts gross profit or your 80% share, so a $15,000 gain ($12,000 to you) takes at least two days to withdraw either way. On a payout day, the amount withdrawn is added to that day's loss allowance rather than counted against it.S5S6S2S4

Settlement-time claims

The Rulebook gives an average under 0.02 seconds, the Payouts doc and FAQ about 5 seconds from request to wallet, and the homepage and Stats page 6.1 seconds on average (C7). All three are Hypernova's own figures; we did not take or time a payout, and getting USDC from Arbitrum to a bank is outside them.S2S5S6S1S21

Official information that needs clarification

Hypernova publishes two copies of Rulebook v1.1, on its website and in its docs, that differ in sections 01, 12, 14 and 16, and its homepage and help pages restate several rules differently. None of these 11 key points was resolved when we checked on 16 Oct 2026, and smaller differences are noted inline. The app's checkout links the docs copy as its “Program Rules”; ask support in writing which version applies to you.S2S3S1S22

Where Hypernova's documents disagree

IssueSource ASource BPractical implication
C1How the loss limits are checkedHomepage tier tableS1“Drawdown is measured on closed equity, end-of-day.”Rulebook, both copiesS2S3Both limits are enforced on live equity, floating P&L included; “even a momentary touch” breaches, with no grace periodOn a $100K Tight account, a floating loss that takes equity to $97,000 for a moment ends the account under the Rulebook, even if the trade recovers before the day closes.
C2Maximum leverageHomepage tier table, Starting an AssessmentS1S75x on every tier (“All tiers have a 5x leverage cap”)Rulebook s.11, Markets docS2S3S8Set per symbol: 2x on most crypto, 5x on BTC and ETH, 10x on gold, oil and the S&P 500, 20x on FX majorsMarkets page, Terminal docS20S9Markets page: BTC, ETH and SOL at ×10. Terminal doc: 4x “typical” for equity and commodity perps, gold and oil includedOn $100K, the largest BTC position is $500,000 at 5x or $1,000,000 at ×10, and gold runs from $400,000 (4x) to $1,000,000 (10x). The Rulebook says the cap shown beside the terminal's leverage selector applies.
C3Where orders are filledRulebook, docs copy (linked at checkout)S3S22“All liquidity and execution is sourced from Hyperliquid”; trading fees are Hyperliquid's, “passed through at cost”Rulebook website copy, Terminal doc, Privacy Policy, homepage FAQS2S9S11S1Orders are filled by Hypernova's own engine and “are not routed to Hyperliquid”; every trade runs in a simulated accountBoth copies say v1.1, and the checkout links the docs copy. If Source B is right, your fills are simulated prices from Hypernova's own engine, and both copies already ban strategies that exploit “the simulated nature of the environment”; ask which copy binds you.
C4Low-risk feesHomepage selector and pricing scriptS1$110 at $10K, $275 at $25K, $500 at $50K, $1,000 at $100KRulebook fee schedule, both copiesS2S3$115 at $10K, $280 at $25K, $495 at $50K, $999 at $100K; Tight and Medium matchAgainst the selector, the Rulebook is $5 higher at $10K, $5 higher at $25K, $5 lower at $50K, $1 lower at $100K. The Terms say fees are set out in the Rulebook; the app's checkout price was not visible without an account.
C5When a payout can be heldPayouts docS5Payouts are automated; a sanctions or restricted-jurisdiction hold “is the only condition under which a payout can be held”Rulebook s.14, Terms s.8S2S3S4Hypernova may suspend payouts and close an account “with no payout” for detected violations, decisions final; the Terms add forfeiture of pending payoutsA payout can be stopped for conduct Hypernova judges prohibited, such as strategy switching or trading it considers not replicable in live markets, not only for sanctions.
C6Appealing a breachRulebook, both copiesS2S3A breach is final: “no resets, appeals, or exceptions”Terms s.6.4S4If a funded account is breached, you may request a review by emailing legal@hypernova.xyz within 7 days of the breach notice; Hypernova's decision after the review is finalIf a funded-account breach looks like a price-feed or platform error, send the review request within 7 days; under the Rulebook alone there is nothing to appeal, and the Terms do not say whether assessment breaches can be reviewed.
C7Payout settlement timeRulebook, both copiesS2S3“avg. processing time under 0.02 seconds”Payouts doc, FAQ, How It Works, IntroductionS5S6S14S15About 5 seconds from request to USDC in your wallet; the Introduction says under 5 secondsHomepage, Stats pageS1S216.1 seconds on average across 1,621 payouts; “100% of the last 10 payouts settle under 10s”All three are Hypernova's own figures, not independent measurements, and none lifts the $10,000 daily cap or the holds in C5. Moving USDC from Arbitrum to a bank is outside them.
C8Skipping the assessmentHomepage, FAQS1S6Connect Hyperliquid, Binance or Bybit history and “Qualifying traders can skip the assessment entirely” (homepage); eligible traders “may receive free or discounted assessments” (FAQ)Creating an Account, Nova ScoreS16S13Exchange connections are “coming soon”; linking a Hyperliquid wallet changes only your Nova Score and your assessment pricePlan on paying the fee and passing the assessment; the only documented benefit of linking a wallet is a 10% to 80% discount.
C9Scaling and cash grantsHomepage, How It WorksS1S14Top performers unlock monthly cash grants and more funding, and funded traders are “reviewed for capital increases” (homepage); higher rank brings increased funding, wider risk limits and cash grants, “No application needed” (How It Works)Nova Score, Rulebook, TermsS13S2S4Perks “are not available yet”; a talent scaling programme is “coming soon”, its terms to be published in the RulebookNo published terms say when or how funding grows: plan on $200K per account and $300K combined.
C10Number of tradable marketsMarkets doc, Terminal doc, Rulebook s.12S8S9S2S3140 perpetuals: 79 crypto and 61 TradFi (46 equities and ETFs, 8 commodities, 4 indices, 3 FX pairs)Homepage, Markets pageS1S20106 instruments, pre-IPO names included39 symbols in the docs, such as GBPUSD, JP225 and copper, are missing from the website list, which adds 5 others. The Rulebook says the list on your dashboard is the one that applies.
C11Which Rulebook version appliesRulebook s.20S2S3The version active on the day your assessment started governs your account “for its lifetime”Rulebook s.17, Terms s.7S2S3S4Active funded accounts follow the rules in effect at funded activation; changes are not applied retroactively to existing funded accountsThe Rulebook has had five versions since 31 March 2026. If it changes between your purchase and your funding, the documents point to different versions.

Marketing claims the documents qualify

  • “Up to $300k total initial funding” is a combined cap across accounts: one account tops out at $200K (Tight, Low) or $100K (Medium), and at most two assessments can run at once.S1S2
  • “No trading restrictions” and “No bot restrictions” sit beside a Rulebook that bans copy trading, community trade ideas, strategy switching and strategies that cannot be replicated in live markets; no public API is offered for bots.S1S2S23
  • “No profit cap” and “No hidden payout rules” leave out the $10,000-a-day payout cap of the closed alpha, which only the Payouts doc and FAQ mention.S1S15S5S6
  • “no payout requests or manual approvals” is qualified by the Payouts doc's sanctions hold and the Rulebook's power to suspend payouts; you still submit and sign each payout from a flat account.S1S5S2
  • “We fund skilled traders with capital” describes simulated accounts: the Terms call the funded account a performance-tracking mechanism, and rewards come from a payout reserve the firm reports at $745.1K.S2S4S1S21
  • “Audited by Pashov” appears in the footer of the app's assessment page, but no audit report is linked from the docs or the Smart Contract page.S22S10

Refunds, resets, rewards and scaling

Separate programs with separate conditions. None refunds the fee, and the only documented price cut is the wallet-linked Nova Score discount.S4S2S13

Programs and their terms

ProgramWhat the documents sayPaid asStatus
RefundNone once the assessment is activated, pass or fail; closing the account refunds nothing. Refunds before activation are not addressedS4S2NonePublished
ResetNone: a failed or breached account cannot be reset; buy a new assessmentS2S6NonePublished
Breach reviewEmail legal@hypernova.xyz within 7 days of a funded-account breach (Terms); the Rulebook allows no appealsS4S2ReviewConflictingC6
Nova Score wallet discount10% to 80% off an assessment, by score, for a linked Hyperliquid wallet with 8+ trading days and 20+ days of age; chosen at checkoutS13S22DiscountPublished
Fast TrackSkip the assessment with exchange history (homepage); exchange connections are “coming soon” (docs)S1S16S13Assessment skipped, if liveConflictingC8
Free demoA virtual $100,000 account on the assessment ruleset; demo profits are not payableS22Practice onlyPublished
Monthly leaderboardFunded traders ranked by PnL or return; prizes such as USDC or a free assessment are set per competition, and some months have noneS18Cash or accountPublished
Scaling and cash grantsDescribed as live on the homepage and in How It Works; “not available yet” per the Nova Score doc, with better splits “coming soon”S1S14S13S2Not publishedConflictingC9

Account progression

Starting size, combined ceiling and scaling are three different numbers.

Starting account

$5K to $200K on Tight and Low risk, up to $100K on Medium; one-time fee.S1S2

Combined ceiling

$300,000 of starting capital across active assessment and funded accounts, with at most two assessments at once; demo accounts do not count.S2S6

Scaling

Not available yet, per the Nova Score doc and the Rulebook's “coming soon”; the homepage and How It Works describe it as live.S13S2S1S14

Markets, platforms, KYC and support

What you can trade

Perpetual futures only. The Markets doc lists 140 (79 crypto, 46 equities and ETFs, 8 commodities, 4 indices and 3 FX pairs), each capped at $25,000 to $1,000,000 of notional per position, while the website's Markets page shows 106 (C10). All trade 24/7, equities included, at prices taken from Hyperliquid. The docs offer Crypto, TradFi or All-markets access, but the homepage selector has no market choice and the app's order summary reads “All markets”.S8S20S9S7S22S1

Leverage caps by market (four official pages)

MarketMarkets docMarkets pageTerminal docHomepage table
BTC, ETH5x10x5x5x
SOL2x10xNot named5x
Other crypto2x2x2x; 3x for some, e.g. HYPE5x
Equities, ETFs2x–5x, mostly 4x2x–4x, mostly 4x4x5x
Gold, WTI, Brent10x10x4x5x
Indices5x–10x10x5x–10x5x
FX majors20x20xNot named5x

The Rulebook calls the Markets doc the source of truth and says the terminal shows each symbol's cap; Starting an Assessment also says 5x on every tier (C2).S2S3S8S20S9S1S7

Simulated accounts and company

The homepage FAQ and the Terminal doc say every trade runs in a simulated account, filled by Hypernova's own engine at prices from Hyperliquid's order book, and the Privacy Policy says orders are not routed to Hyperliquid; the docs copy of the Rulebook says execution is sourced from Hyperliquid (C3). The Terms call the funded account a performance-tracking mechanism whose capital Hypernova owns, so your real-money exposure is the USDC fee. Rewards come from a Hypernova-controlled reserve wallet that tops up the payout Vault. The documents do not say how the reserve is funded, and on the firm's own stats the 30 days of payouts to 15 October ($752.0K) exceeded the reserve balance shown that day ($745.1K). The homepage FAQ adds that Hypernova may trade its central book on traders' signals.S1S9S11S3S4S10S21

Operator
Hypernova Systems, 71 Fort Street, George Town, Grand CaymanS4S11
Registration
Not publishedS4S11
Regulation
Says it is not a licensed financial adviser, broker or investment managerS4
Governing law
Cayman Islands law; arbitration at the Cayman Islands Arbitration CentreS4
Liability
Capped at the fee paid for the account concernedS4
Rules dated
Terms and Rulebook v1.0 from 31 March 2026; Rulebook v1.1 from 4 August 2026S4S2
Stage
Closed, invite-only beta (homepage); closed alpha (docs)S1S5S15
Backers
Homepage logos of Lemniscap, Hypurrcollective, Veryearly, Pivot Global and CMS; unverifiedS1

Platforms

  • Hypernova terminalProprietary

    In-house web app at app.hypernova.xyz with TradingView charts, cross margin and a hedge mode; no other platform and no public API are documented.S9S23S1

KYC and payout ownership

  • Sumsub identity check before the funded account is activated; not needed to sign up, fund the wallet or take an assessmentS6
  • A government photo ID (passport, national ID, driving licence or residence permit) and a selfie; 18 or overS6S4
  • The Terms let Hypernova require verification at any time, including before payoutsS4
  • Payouts go to the embedded wallet created at sign-up, which Hypernova says it cannot move funds out of without your signatureS5S10S16
  • You sign the funded-trader agreement with that wallet before activation; no separate agreement page is published, and the footer's “Funded Terms” link opens section 6 of the TermsS10S1S4

Support

Support runs through tickets in Hypernova's Discord server; the homepage, the docs and the Rulebook link three different invite addresses, and the docs warn that staff never help by direct message. Legal notices, breach reviews and account closure go to legal@hypernova.xyz. For a failed identity check the FAQ points to a Contact support button in the app's payout settings. No support email or response time is published; the FAQ calls the team “active and responsive”, and we did not test it.S19S1S6S2S4

Hypernova FAQ

What is Hypernova?

A crypto-native prop firm run by Hypernova Systems, which gives a registered address in George Town, Grand Cayman. It sells one-step assessments on perpetual futures in crypto and TradFi markets, priced from Hyperliquid data and paid in USDC on Arbitrum.S4S2S1

Are Hypernova accounts simulated?

Yes, according to its homepage FAQ and Terminal doc: every trade runs in a simulated account filled by Hypernova's own engine, although the docs copy of the Rulebook says execution is sourced from Hyperliquid. Your real-money outlay is the USDC fee, and rewards are paid from Hypernova's reserve.S1S9S3S10

Which tiers can I buy?

Three one-step risk tiers, Tight, Low and Medium, from $5K to $200K ($100K on Medium). A High tier is described but restricted to eligible users and not on sale.S1S2S7

How do Tight, Low and Medium differ?

Only in the target and loss limits: Tight 9% with 3% daily and 3% maximum loss, Low 10% with 3% daily and 6% maximum loss, Medium 10% with 4% daily and 7% maximum loss. Payout terms are the same on all three.S2S3

How much does Hypernova cost?

One-time USDC list prices run from $25 (Tight risk, $5K) to $1,950 (Low risk, $200K). Four Low-risk prices differ by $1 to $5 between the homepage and the Rulebook. A Hyperliquid-wallet discount of 10% to 80% is described but was not tested.S1S2S13

How do drawdown and consistency work?

The daily limit is set from the 00:00 UTC balance and the maximum floor is fixed at the start. The Rulebook enforces both on live equity, so a momentary touch ends the account, while the homepage says end of day. There is no consistency rule.S2S1

When can I request a payout?

Any time a funded account is flat and in profit, with no minimum. You keep 80%, the balance resets to the start, and during the closed alpha payouts are capped at $10,000 of profit a day. Identity verification comes before funding.S2S5S6

Is the assessment fee refundable?

No. The Terms and the Rulebook make fees non-refundable once the assessment is activated, whatever the outcome, and there are no resets. Closing your account refunds nothing.S4S2S6

Which trading platform does Hypernova use?

Its own web terminal at app.hypernova.xyz, with TradingView charts. No other platform and no public API are documented, although the homepage lists an API as coming soon.S9S23S1

Which countries are restricted?

Anyone in, resident in or a national of a country under comprehensive US (OFAC) sanctions, which the Terms say include Iran, North Korea, Cuba, Syria and Russia; VPN access from them ends the account. Absence from that list does not confirm acceptance.S4S6

Who runs Hypernova, and what is unverified?

Hypernova Systems, which publishes an address but no registration number or regulator. Its payout totals, reserve, pass rates, backers and “Audited by Pashov” claim were not independently verified, and we did not buy an account or request a payout.S4S21S1S22

Considering Hypernova?

List prices from $25. Trade to the Rulebook's live-equity reading and confirm the conflicting terms in writing before you buy.

Crypto-native alternatives to consider

Firms on our New prop firms board that sell perpetual-futures accounts on their own web platforms, and reviewed firms that fund crypto traders.

Sources, methodology and disclosure

Official documents, checked 16 Oct 2026

  1. S1Homepage, configurator and pricing scripthypernova.xyz/ · checked 02:27 UTCSelector, tier table, FAQ and stats; prices from /_nuxt/26l2eW3X.js. Figures are a snapshot of 15 Oct 2026, 22:06 UTC.
  2. S2Rulebook (website copy)hypernova.xyz/rulebook · checked 02:27 UTCv1.1; changelog last entry 4 Aug 2026.
  3. S3Rulebook (docs copy)hypernova.xyz/docs/rulebook · checked 02:27 UTCAlso v1.1; updated 5 Oct 2026 per the docs sitemap. The app's checkout links this copy. Differs from S2 in sections 01, 12, 14 and 16.
  4. S4Terms of Usehypernova.xyz/docs/terms-of-use · checked 02:27 UTCVersion 1.0, effective 31 Mar 2026; the checkout's “Assessment Agreement”. The footer's “Funded Terms” opens its section 6.
  5. S5Payoutshypernova.xyz/docs/payouts · checked 02:27 UTC
  6. S6FAQhypernova.xyz/docs/faq · checked 02:27 UTCUpdated 5 Oct 2026 per the docs sitemap.
  7. S7Starting an Assessmenthypernova.xyz/docs/starting-an-assessment · checked 02:27 UTCUpdated 5 Oct 2026 per the docs sitemap; still lists Medium and High fees as TBD.
  8. S8Marketshypernova.xyz/docs/markets · checked 02:27 UTC140 symbols with per-symbol leverage and position caps.
  9. S9Terminalhypernova.xyz/docs/terminal · checked 02:27 UTC
  10. S10Smart Contracthypernova.xyz/docs/smart-contract · checked 02:27 UTCContract and reserve addresses on Arbitrum One; not checked on Arbiscan.
  11. S11Privacy Policyhypernova.xyz/docs/privacy-policy · checked 02:27 UTCVersion 1.1.

Also checked the same day

  • S12Trading Feeshypernova.xyz/docs/trading-fees · checked 02:27 UTC
  • S13Nova Scorehypernova.xyz/docs/nova-score · checked 02:27 UTCBeta; discount table.
  • S14How It Workshypernova.xyz/docs/how-it-works · checked 02:27 UTC
  • S15Introductionhypernova.xyz/docs/introduction · checked 02:27 UTC
  • S16Creating an Accounthypernova.xyz/docs/account-creation · checked 02:27 UTC
  • S17Funding Your Wallethypernova.xyz/docs/funding-wallet · checked 02:27 UTC
  • S18Leaderboardhypernova.xyz/docs/leaderboard · checked 02:27 UTC
  • S19Bug Reportshypernova.xyz/docs/bug-reports · checked 02:27 UTC
  • S20Markets pagehypernova.xyz/markets · checked 02:27 UTC106 instruments in the page data, with per-symbol leverage labels.
  • S21Stats pagehypernova.xyz/stats · checked 02:27 UTCFirm-published figures, snapshot 15 Oct 2026, 22:06 UTC.
  • S22App assessment and payout screens (public code)app.hypernova.xyz/ · checked 02:29 UTCText read from the app's public JavaScript; its product list needs a login, so checkout prices were not visible. No account was created.
  • S23API referencehypernova.xyz/docs/api-reference/openapi.json · checked 02:27 UTC

How this review was researched

We read each document in full, compared the two Rulebook copies word by word, logged every claim with its tier, stage and source, rebuilt the price grid from the homepage's pricing script and re-fetched every page on 16 Oct 2026 (02:27–03:07 UTC). “Published” means Hypernova says it, not that it is proven; we did not check its on-chain figures on Arbiscan. Our methodology

Affiliate disclosure

Up Trade Funded is reader-supported. “Visit Hypernova” buttons use our referral link and we may earn a commission; that does not change this review. Source links carry no referral. Affiliate disclosure

Figures come from Hypernova's official documents, checked 16 Oct 2026. Terms change often; confirm the current version on hypernova.xyz before buying.