Hoorah Review: How the 3-Step Prop Firm Challenge Works
Hoorah Review searches have started appearing as new proprietary trading firms continue to enter the prop trading industry with alternative evaluation structures. As the prop firm sector grows, traders increasingly look for firms that combine structured risk controls with flexible evaluation models.
Hoorah launched in February 2025 and is headquartered in Cyprus, with operations connected to Anicca Services LTD, a financial services company with more than two decades of industry experience. The firm operates exclusively on the cTrader platform and offers both a multi-step evaluation challenge and an instant funding model.
Rather than following the common two-phase model used by many firms, Hoorah introduces a three-step evaluation structure combined with trailing drawdown controls. This Hoorah prop firm review explores how the evaluation programs work, the trading conditions offered, and whether the overall structure fits different trading styles.
At a Glance
| Category | Details |
|---|---|
| Founded | February 2025 |
| Founder | Benoit Collard |
| Headquarters | Cyprus |
| Platforms | cTrader |
| Programs | 3-Step Challenge, Instant Funding |
| Markets | Forex, Crypto, Commodities |
| Maximum Allocation | $1,000,000 |
| Profit Split | 80% |
| Payout Method | Bank Transfer |
Programs and Rules
The Hoorah evaluation framework uses a three-step challenge model designed to test trader consistency across multiple stages. Instead of focusing solely on high profit targets, the firm applies trailing drawdown limits combined with moderate performance targets.
The Hoorah challenge rules also include both subscription-based and one-time challenge options. These variations provide traders with flexibility in how they access the evaluation process while maintaining the same core risk parameters.
Subscription – 3 Step Challenge
| Category | $10K Classic | $10K Competitive | $100K Classic | $100K Competitive |
|---|---|---|---|---|
| Profit Target | 5% | 6% | 5% | 6% |
| Daily Loss Limit | 5% | 4% | 5% | 4% |
| Max Trailing Drawdown | 5% | 4% | 5% | 4% |
| Minimum Trading Days | 5 | 5 | 5 | 5 |
| Maximum Trading Days | Unlimited | Unlimited | Unlimited | Unlimited |
| Leverage | Up to 1:100 | Up to 1:100 | Up to 1:100 | Up to 1:100 |
| Performance Split | 80% | 80% | 80% | 80% |
| Risk-Free Scaling | $50,000 | $50,000 | $1,000,000 | $1,000,000 |
| Platform | cTrader | cTrader | cTrader | cTrader |
One-Time Fee – 3 Step Challenge
| Category | $10K Classic | $10K Competitive | $100K Classic | $100K Competitive |
|---|---|---|---|---|
| Profit Target | 5% | 6% | 5% | 6% |
| Daily Loss Limit | 5% | 4% | 5% | 4% |
| Max Trailing Drawdown | 5% | 4% | 5% | 4% |
| Minimum Trading Days | 5 | 5 | 5 | 5 |
| Maximum Trading Days | Unlimited | Unlimited | Unlimited | Unlimited |
| Leverage | Up to 1:100 | Up to 1:100 | Up to 1:100 | Up to 1:100 |
| Performance Split | 80% | 80% | 80% | 80% |
| Risk-Free Scaling | $50,000 | $50,000 | $400,000 | $400,000 |
| Platform | cTrader | cTrader | cTrader | cTrader |
Instant Funding
| Category | Details |
|---|---|
| Account Sizes | $5,000 | $50,000 |
| Profit Target | None |
| Daily Loss Limit | 8% |
| Max Trailing Drawdown | 8% |
| Leverage | Up to 1:100 |
| Performance Split | 80% |
| Maximum Trading Days | Unlimited |
| Platform | cTrader |
The Hoorah evaluation structure emphasizes trailing drawdown management rather than large profit targets. Classic and Competitive versions mainly differ in daily loss limits and performance expectations. Instant funding accounts bypass the evaluation entirely but operate under stricter risk limits.
Markets and Trading Conditions
The Hoorah prop firm provides access to several commonly traded asset classes, including forex pairs, cryptocurrencies, and commodities. This combination allows traders to apply both macro-driven strategies and short-term market opportunities.
Trading is conducted exclusively through the cTrader platform, which supports advanced order types and algorithmic trading through integrated cBots. The environment is designed to balance discretionary trading with platform-based automation.
| Category | Details |
|---|---|
| Available Markets | Forex, Crypto, Commodities |
| Platform | cTrader |
| EURUSD Spread | From 0.5 pip (floating) |
| XAUUSD Spread | From 0.1 cent (floating) |
| BTCUSD Spread | From $10 (floating) |
The spread structure appears competitive for major forex pairs and commodities. Crypto spreads may vary depending on market volatility. Traders accustomed to cTrader will likely find the environment familiar and capable of supporting both manual and semi-automated strategies.
Trading Rules and Restrictions
The Hoorah rule framework focuses on maintaining disciplined trading behavior while limiting strategies that could exploit execution conditions. These rules apply during both evaluation and funded stages.
Allowed
- Scalping (positions held longer than 2 minutes)
- Use of cBots integrated within cTrader
- Manual trading strategies
Not Allowed
- Micro scalping (positions under 2 minutes)
- External trading bots or software
- News trading
- Gap trading
- Gambling-style trading behavior
- Overnight holding
The Hoorah challenge rules encourage structured trading behavior rather than high-speed execution strategies. Scalping remains possible but requires trades to remain open beyond a minimum duration. Restrictions on news trading and overnight holding may affect certain swing trading approaches.
Hoorah Scaling Plan
The Hoorah scaling plan offers both traditional progression and an instant scaling option after completing the three-step challenge. Traders can increase their funded balance through either continued performance or a one-time scaling payment.
- Maximum allocation up to $1,000,000
- Optional instant scaling after passing the challenge
- Scaling levels include $25K, $50K, $200K, and $400K starting balances
Scaling and Payouts
The Hoorah payout structure follows a monthly withdrawal schedule. Traders must maintain consistent performance and meet payout eligibility conditions before requesting withdrawals.
Payments are processed through bank transfers once eligibility criteria are satisfied. Profit splits remain consistent across evaluation and funded stages.
| Category | Details |
|---|---|
| Maximum Allocation | $1,000,000 |
| Profit Split | 80% |
| Payout Frequency | Monthly |
| Payout Method | Bank Transfer |
The payout schedule follows a relatively traditional structure compared with firms offering weekly withdrawals. Traders focusing on longer-term strategies may find the monthly payout cycle acceptable. Those seeking faster withdrawal cycles may need to factor this timing into their expectations.
Strengths & Trade-Offs
Hoorah introduces a slightly different evaluation structure by using three stages instead of the typical two-phase challenge. The trailing drawdown model also changes how risk is managed during the evaluation period. However, several restrictions may influence strategy selection.
What Stands Out
- Three-step evaluation structure
- Trailing drawdown risk model
- Integrated cTrader platform
- Instant scaling option
- Maximum allocation up to $1,000,000
What to Watch Out For
- No overnight holding
- News trading not allowed
- Monthly payout schedule
- Limited asset classes
The firm’s structure appears designed for traders who operate actively during market sessions rather than holding positions for extended periods. Scalpers and intraday traders may adapt more easily to the restrictions. Swing traders may need to adjust their strategy due to the overnight limitations.
Who Is Hoorah Best For?
Hoorah may appeal to traders who prefer structured evaluation models with moderate profit targets and trailing drawdown controls. The three-step challenge approach allows performance to be measured across several stages rather than relying on a single evaluation period.
Traders who already use the cTrader ecosystem may find the platform integration convenient, especially when working with cBots built directly within the platform. Intraday traders and scalpers who maintain trades longer than two minutes may align well with the rule structure.
However, traders who rely heavily on news trading, overnight holding, or external algorithmic systems may encounter restrictions within this framework. Swing traders who hold positions across sessions may find the overnight limitations difficult to accommodate.
Final Verdict
Overall, in this Hoorah Review, the firm presents a prop trading model centered on trailing drawdown management and a multi-stage evaluation process. The three-step challenge and optional instant scaling provide alternative pathways compared with the standard two-phase model used by many competitors.
The Hoorah prop firm structure offers moderate profit targets, reasonable leverage, and access to the cTrader ecosystem. However, the restrictions on overnight holding and news trading may limit some trading approaches.
From a broader perspective, Hoorah positions itself as a structured prop firm suited to intraday traders who focus on disciplined risk management. Traders considering the Hoorah evaluation should review the rule framework carefully to ensure their trading strategy aligns with the firm’s operational limits.
FAQs – Hoorah Review
Below are several frequently asked questions traders may have when researching Hoorah.
Is Hoorah legit?
Hoorah is a proprietary trading firm founded in February 2025 and headquartered in Cyprus. It operates under Anicca Services LTD, which has over 20 years of experience in the financial services industry.
What platform does Hoorah use?
Hoorah operates exclusively on the cTrader trading platform.
Does Hoorah allow trading bots?
Yes, traders may use cBots integrated directly within the cTrader platform. External trading software or bots are not allowed.
Can traders hold positions overnight?
No. Hoorah does not allow overnight holding of positions.
Is scalping allowed?
Yes, scalping is permitted as long as trades remain open for at least two minutes.
What is the maximum capital allocation?
The maximum funding allocation available through Hoorah can reach up to $1,000,000 through its scaling framework.
Hoorah Details
