Frequently asked questions
Direct answers to common account, trading and payment questions.
On this page
Am I trading a real exchange account?
No. The account uses simulated capital and server-side fills against public Hyperliquid data. Iceberg does not send those orders to Hyperliquid. Real USDC checkout and future wallet payouts are separate from the simulated balance.
Is there a challenge or a minimum number of days?
There is no evaluation challenge, minimum trading-day requirement, minimum holding period or account time limit. The daily and total loss limits still apply continuously.
Do I need KYC?
No. The current onboarding model does not require KYC. Sign in through Privy with email, Google or a supported external wallet.
Why did the chart touch my limit without a fill?
Candles show traded prices, not the executable quantity at your place in a real queue. Iceberg fills a limit only from fresh opposite-side quotes at the limit or better. It does not simulate passive exchange queue priority.
Why does P&L differ from the last chart price?
Open P&L uses mark prices. Candles and last-trade prices serve a different purpose. Fees and hourly funding also affect realized cash and equity. A disconnected or stale feed falls back to confirmed server values.
Do stops and loss limits keep running if I leave?
Yes. Server risk work, persistent limits and TP/SL continue without the browser. They remain subject to polling, data availability and available depth, so a stop’s trigger price is not a promised fill.
Is the 1% minimum before or after the split?
Before the split. For a $25,000 account, the minimum gross request is $250, of which $200 is the trader share. The maximum gross request is $1,500, with a $1,200 trader share. Excess unclaimed eligible profit carries forward.
Does Approved mean USDC has been sent?
No. An approved wallet request is Awaiting transfer. Treasury signing and wallet transfers are not activated in this release. Approved account credit is a separate ledger balance usable for a discounted account purchase.
Does a payout create drawdown?
A reserve reduces actual cash. It moves the same-day daily floor by the same amount and is excluded from trading profit and cash-flow-neutral realized drawdown. The total loss floor stays fixed at 94% of initial capital.
Can I use USDC.e or send without an invoice?
No. Checkout verifies the exact native-USDC contract and invoice on HyperEVM, Arbitrum One or Polygon PoS. A token symbol is insufficient, and an unsolicited transfer is not an authorized account purchase.