RZR Funded (formerly Hantec Trader) review: I blew the account on purpose

On October 19, 2026, Hantec Trader changed its name: the prop firm is now called RZR Funded. The old addresses redirect to the new site, rzrfunded.com, and the dashboard still reads "Powered by Hantec Markets Mauritius". The name changes; the platform is still provided by Hantec Markets, in Mauritius.

The change could be seen coming. The ticket I opened with support on October 15 was closed on October 17 by an email already signed "RZR Funded Support Team", two days before the announcement.

What the company says about itself is written at the bottom of every page of the site, in the legal notice. RZR Funded Limited describes itself as a prop firm giving access to simulated trading accounts with virtual funds. It conducts no regulated activity: it is not a broker, takes no deposits, and therefore needs no authorisation. The consequence is written in plain words: clients do not get the protections of an authorised firm, such as a financial ombudsman or a compensation scheme, and buying a challenge is not a deposit.

Orders are not executed on the real market: they are simulated using real-time market prices. RZR Funded and the broker Hantec Markets Limited are two entirely separate entities. The company is registered in Saint Lucia (No. 2026-00682) and in Mauritius (No. C191400, in Ebene), and a sister company in the United Kingdom, HM Provider Limited (No. 14429485), provides support for transactions. The service is not offered to U.S. residents.

It is clear and in writing, and worth knowing before buying a challenge: you pay for an evaluation on a simulated account, not for an investment.

From here on I write RZR Funded, the firm's current name.

RZR Funded sorts its challenges into four families on its site: Instant, 1 Step, 2 Step and 3 Step. The test covers the Enhanced, the two-step challenge, on a 10,000 dollar account. Here are its rules as published on the firm's help page.

On the day of the reading, October 20, 2026, the challenges page showed the 10,000 dollar Enhanced at 99 dollars, with a profit split of up to 95% and a payout every 14 days (7 days with a paid add-on). The firm is celebrating its new name with 14 days of offers, from October 20 to November 2, 2026: a different offer every 24 hours. The price can therefore change from one day to the next; check it on the site when you buy.

First check: does the account dashboard say the same as the rules page? Yes. Daily loss level at 9,500 dollars, maximum loss level at 9,000 dollars, a 1,000 dollar target, three profitable days at 0.5%: everything matches, to the dollar. The dashboard also shows no active add-on, so no consistency rule.

One flaw only, and it sits in their own help page. The second calculation example gives an allowed loss of 5,150 dollars for a balance of 105,000 dollars and an equity of 103,000 dollars, then a level of 99,750 dollars. But 105,000 minus 99,750 is 5,250: the two columns do not use the same base.

I asked support on October 15, by email, through the normal support channel. A reply in one hour, from a human. The right level is confirmed, 99,750 dollars, but the explanation mixes balance and equity. And the example is still wrong, including on the new RZR Funded help page, modified after my question.

What matters is the rule, not the example: at RZR Funded, the daily limit is 5% of the higher of the previous day's balance and equity, so it grows with the account. To compare several firms, our prop firm comparison puts them side by side.

RZR Funded provides an MT5 account: an account number, a password and the HantecMarketsMU-MT5 server. The usual MT5 terminal is enough, with its charts, indicators, robots and one-click trading. The account is in hedging mode and showed 78 symbols at the time of the test; symbols carry the ".h" suffix (EURUSD.h, XAUUSD.h).

Second check: what a trade costs. On October 19, 2026, I recorded spreads tick by tick for one hour, twice (the hour before 15:17 UTC, with London and New York open, then the hour before 18:05 UTC), on the RZR Funded account and at the same time on an IC Markets Raw demo account. Then I placed the same small orders, at the same moment, on both accounts, to read the real commissions.

On gold, one lot therefore costs about twice as much at RZR Funded as on a reference Raw account. The trade-off shows on the minute-by-minute chart: RZR Funded's spread barely moves, never above 0.30 dollar, while IC Markets spikes up to 0.57 dollar.

On EURUSD it is the opposite: RZR Funded matches a Raw account, and is even slightly cheaper once commission is counted. The extra cost is concentrated on gold. A trader taking a challenge on major forex pairs pays no more than elsewhere; a gold trader does.

On the real 0.01 lot orders placed by hand, slippage was zero at RZR Funded: the executed price was the last tick before the click, on entry and on exit. Execution took between 0.46 and 0.50 second. At IC Markets, it took 0.25 second. For a manual trader this gap changes nothing; for a scalping robot, it counts.

On Trustpilot, the firm's page, still under the Hantec Trader name, shows 4.3 out of 5 from 847 reviews, 436 of them in the last twelve months (reading of October 20, 2026). The breakdown is very split: 79% five stars, 12% one star, and less than 10% in between. Satisfied and unhappy customers barely meet.

Three caveats, which Trustpilot itself shows at the top of the page: the profile is claimed by the company since February 2026, it pays for a Trustpilot subscription, and it invites its customers to leave a review. It also replies to 80% of negative reviews. Trustpilot adds that it does not fact-check reviews.

An average rating therefore says nothing about how a firm applies its rules. That is why I checked it myself, in the next step.

Third check, the most important one. On October 19, the end-of-day balance was 10,001.67 dollars; it was higher than equity at that moment, so it is the base. The daily level is 5% lower: 9,501.59 dollars. The dashboard shows exactly that level.

With 4 lots of EURUSD, I let the loss run to the limit. A recorder read the account every second through the MT5 API:

The rule is applied exactly as written, and detection is automatic: eight seconds between the first equity reading below the level and the close. The account ends 33 dollars below the level, 20 of them commission: an automatic close fills at market price, and that small gap comes with it. In practice, an automatic close never stops exactly on the level.

The email arrives one second after the close, signed "RZR Funded (formerly Hantec Trader)". The reason comes with numbers: an equity of 9,492.71 dollars below the 9,501.59 dollar level. The account is no longer active, and the firm offers 10% off to buy the same challenge again. A breach documented this way can be disputed with numbers, which serves the trader as much as the firm.

On the dashboard, the account switches to "Breached" status and the daily loss objective shows "Fail": 532.96 dollars for a 500.08 dollar limit. Two small display bugs along the way, with no effect on the rule: an end date shown in a time zone that is neither UTC nor server time, and years written "02026" in the trade history.

This test covers neither passing the evaluation nor the payout. I did not try to pass both steps, and no withdrawal was requested: I cannot say anything about the speed or reliability of payouts, which the firm puts forward. Costs were measured on one day, at the stated hours; on another day, especially during an economic release, spreads can widen.

The rules are applied exactly as written. The dashboard matches the published rules to the dollar, and the daily loss cut-off is automatic, fast and documented by an email with numbers. That is what you expect from a prop firm, and it is the hardest part to check without triggering the rule yourself.

Costs depend on what you trade. On EURUSD, RZR Funded costs as much as a Raw account. On gold, one lot costs about double, with a very stable spread in return.

The company and the reviews, to read before buying. RZR Funded states clearly what it sells: evaluations on simulated accounts, with no regulated activity, by a company separate from the broker Hantec Markets. The Trustpilot reviews are good, 4.3 out of 5, on a profile managed by the company and fed by its invitations.

The weak points are minor but real: a wrong calculation example in their own help page, still online after my question, a muddled support explanation on that point, and two display bugs on the new dashboard. Passing the evaluation and the payout remain untested.

To compare RZR Funded with others, see also our reviews of Blue Guardian and The5ers. The firm's site, to read its full terms: rzrfunded.com.