Hash Hedge Challenge Overview
Hash Hedge runs a 2-step evaluation for crypto traders looking to manage up to $150,000 in firm capital. Based in RAK DAO, UAE, the firm launched in 2023 and trades exclusively in cryptocurrency markets — no forex, no indices, no commodities.
The evaluation structure is straightforward. Pass Phase 1 and Phase 2, each with defined profit targets and drawdown limits, and you unlock a funded account with an 80% profit split. There is no time limit on either phase, which removes one of the biggest pressure points traders face with other prop firms.
Below is a full breakdown of the rules for each stage, plus practical tips for getting through both phases.
Phase 1 vs Phase 2 vs Funded: Rules at a Glance
| Rule | Phase 1 | Phase 2 | Funded |
|---|---|---|---|
| Profit Target | 8% | 6% | None |
| Daily Loss Limit | 5% | 5% | 5% |
| Max Drawdown | 10% | 8% | 8% |
| Minimum Trading Days | 5 | 5 | None |
| Time Limit | Unlimited | Unlimited | N/A |
| Leverage | 1:5 | 1:5 | 1:5 |
| Profit Split | N/A | N/A | 80% |
The tighter max drawdown in Phase 2 (8% vs 10%) is the key difference. Your risk management needs to sharpen between phases, not loosen.
Drawdown Rules Explained
Hash Hedge enforces two separate drawdown limits: daily loss and maximum drawdown. Breaching either one closes your account immediately — no warnings, no second chances.
Daily Loss Limit (5%)
Your account equity cannot drop more than 5% from its value at the start of the trading day. The daily loss resets at UTC settlement, so your reference point shifts every 24 hours. If your account starts the day at $10,000, you cannot let equity fall below $9,500 during that session.
This includes both realised and unrealised losses. Holding an open position that dips beyond the 5% threshold will trigger a breach, even if the trade later recovers.
Maximum Drawdown (10% Phase 1 / 8% Phase 2 and Funded)
The max drawdown is measured from your initial account balance. On a $10,000 account in Phase 1, your equity cannot fall below $9,000 at any point during the evaluation. In Phase 2 and funded stages, that floor rises to $9,200.
This is a hard limit. Once breached, the account closes and you must purchase a new challenge to try again.
What You Can and Cannot Trade
Hash Hedge offers access to over 160 cryptocurrency assets. The lineup includes majors like BTC, ETH, and SOL, plus a broad selection of altcoins. All trading happens on Hash Hedge's proprietary platform — MetaTrader is not available.
Prohibited Activities
- No automated trading — bots, expert advisors (EAs), and API-based execution are all banned
- No copy trading duplication — you cannot mirror the same strategy across multiple accounts
- No hedging across accounts — taking opposing positions on different Hash Hedge accounts is not permitted
News trading is allowed. Hash Hedge does not restrict trading during major economic events or market announcements, and there is no cap on how much profit you can make in a single day.
Account Sizes and Fees
Five account sizes are available, each with a one-time evaluation fee:
- $5,000 account — $49
- $10,000 account — $99
- $25,000 account — $249
- $50,000 account — $399
- $100,000 account — $799
Trading fees are transparent: 0.01% maker and 0.03% taker. These are low by crypto exchange standards, though they do eat into margins on high-frequency manual strategies.
Funded Account Terms
Once you clear both phases, you trade with firm capital under the same 5% daily loss and 8% max drawdown limits. There is no profit target — you simply trade and keep 80% of what you make. Accounts can scale up to $150,000.
Hash Hedge guarantees payouts within 72 hours. If they miss that window, you receive 3x the payout amount — a policy that signals confidence in their processing speed.
Practical Tips for Passing the Hash Hedge Challenge
The crypto market's volatility makes these challenges different from forex-based evaluations. Here is what works.
1. Risk No More Than 1-2% Per Trade
With a 5% daily loss limit and 1:5 leverage, one bad trade can end your challenge. Keep individual position risk at 1-2% of account equity. On a $10,000 account, that means risking $100-$200 per trade — not per day, per trade.
2. Front-Load Your Profit in Phase 1
Phase 1 has a more generous 10% max drawdown buffer. Use this breathing room to build a profit cushion early. Once you are 4-5% up, you can afford to take slightly more selective setups without the pressure of needing every trade to work.
3. Trade Majors First, Altcoins Second
BTC and ETH have tighter spreads and more predictable price action than low-cap altcoins. Build your profit target on majors, then use altcoins for opportunistic trades when setups are clean.
4. Track UTC Settlement Times
Your daily loss limit resets at UTC settlement. Know exactly when this happens and avoid holding large positions through the reset if you are near the 5% threshold. A gap at settlement could breach your limit before you can react.
5. Do Not Rush the Minimum 5 Days
There is no time limit, so do not force trades to hit the profit target quickly. Five trading days is the minimum, but taking 10-15 days with controlled risk is far better than blowing the account on day three.
How Hash Hedge Compares
Unlike FTMO or FundedNext, Hash Hedge focuses purely on crypto. This makes it a poor fit for forex traders but a strong option for those who specialise in digital assets. The no-time-limit policy is more generous than most competitors, and the 1:5 leverage keeps risk manageable.
Compared to Crypto Fund Trader, another crypto-focused firm, Hash Hedge's fee structure and drawdown rules are competitive. The prohibition on automated trading is the main limitation — if you rely on bots, this firm is not for you.
For a full breakdown of Hash Hedge's platform, fees, and payout terms, read our Hash Hedge review.
Frequently Asked Questions
Is there a time limit on the Hash Hedge challenge?
No. Both Phase 1 and Phase 2 have no time limit. You must complete a minimum of 5 trading days in each phase, but you can take as long as you need to hit the profit target.
What happens if I breach the drawdown limit?
Your account is closed immediately. There is no grace period or second chance. You would need to purchase a new challenge to start again from Phase 1.
Can I use trading bots or automated strategies?
No. Hash Hedge prohibits all forms of automated trading, including bots, expert advisors, and API-based execution. All trades must be placed manually on their proprietary platform.
How quickly does Hash Hedge pay out profits?
Hash Hedge guarantees payouts within 72 hours of a withdrawal request. If they fail to meet this deadline, you receive 3x the payout amount as compensation.
Does Hash Hedge allow news trading?
Yes. There are no restrictions on trading during major economic events or market news releases. You can also generate unlimited profit in a single trading day.
Final Thoughts
The Hash Hedge challenge is built for manual crypto traders who can manage risk tightly. The rules are clear — hit 8% then 6%, stay within drawdown limits, trade for at least 5 days, and do it all without bots. The unlimited time frame takes the pressure off, but the strict drawdown enforcement means one careless day can undo weeks of progress.
Start with majors, keep position sizes small, and treat the 5% daily loss limit as a hard ceiling you never approach — not a target to flirt with. For more on the firm itself, visit our full Hash Hedge review.