Source-checked comparison

Hyperliquid copy trading tools compared

The short answer

We compared the 4 live copy trading tools we found most often in Google results for Hyperliquid copy trading. They differ most on 2 things: who holds the trading key, and whether you can see how traders are ranked.

By Vansh BatraWritten by the MirrorTrade team, so read it as a vendor's viewChecked September 24, 2026

Which one should you use?

Most people pick a copy tool on fees, then lose money on the trader they picked. The fee gaps between these tools are fractions of 0.1% per trade. The gap between a trader who survived a 15% dip and one who survived a 70% dip is your account. So check 2 things first: whether the tool can ever move your money, and whether it shows you how it ranks traders.

Each tool offers a trade-only key that can't withdraw. HyperDash and HyperX also offer a wallet they create for you, which works differently. They differ in how the key is handled, how much of the ranking method they publish, and what limits you can set.

Side by side

MirrorTrade, HyperDash, HyperX and Dexly at a glance

Decision	MirrorTrade	HyperDash	HyperX	Dexly
Fee	0.05% per copied trade. No subscription, no profit share.	0.05% builder fee.	Free plan: 0.055% per copied trade. Pro: $199 a year and 0.035%.	Its pages disagree. The homepage says no platform fee for copy trading; the FAQ says a small builder fee is shown in the app.
Who holds the trading key	A trade-only key created for your Agent Account. You never copy or paste a key.	Either a wallet HyperDash manages for you, or your own wallet through an API key that can't withdraw and expires after 180 days.	2 setups: a wallet HyperX creates for you, or an API wallet you create on Hyperliquid and whose private key you paste into HyperX.	An agent key that can trade but can't withdraw, and that you can revoke.
Stop-loss and take-profit	For the whole strategy, set before anything runs.	Not documented for copy trading.	Yes.	Drawdown protection that pauses copying.
Leverage limit	40x per position. Risk multiplier from 1x to 2.5x.	Your choice from 1x to 40x, 20x by default.	A leverage cap is described in its blog, not its docs.	Yes, you set the cap.
Existing positions	Copy the whole current book, or only new trades.	Optional new-positions-only mode.	Can copy positions already open.	Not stated publicly.
How traders are ranked	Mirror Score: 9 signals with published weights. Worst drawdown carries the most weight.	Copy Score from 0 to 100. How it is calculated is not published.	Leaderboard filters by ROI, PnL, win rate and trade count.	Leaderboard with ROI, win rate, assets under management and max drawdown. Ranking method not disclosed.
Minimum	Each copied order must be at least $10, so the minimum depends on the trader.	$100 USDC for a connected wallet.	15 USDC, in the wallet HyperX creates.	Not stated publicly.

Competitor facts come only from each tool's own public pages, listed under Sources, checked September 24, 2026. "Not stated publicly" means we could not find it, not that the feature is missing. Hyperliquid's own trading fees apply on top of every fee shown.

Looking for a HyperDash alternative?

HyperDash's copy feature can follow up to 10 traders at once with equal or custom weights, which is useful if you want to spread money across many traders. It also has a worse-entry limit that skips a copied entry when your price would be much worse than the trader's.

What it does not publish is how its Copy Score is calculated, and it does not document a stop-loss for a copy strategy. MirrorTrade publishes every weight in its Mirror Score method and lets you set a stop-loss and take-profit for the whole strategy before it starts. We compared them in more detail in MirrorTrade vs HyperDash.

Looking for a HyperX alternative?

HyperX has web and Android apps plus an iOS beta, says it tracks over 500,000 wallets, and gets cheaper if you copy a lot. Its Pro plan costs $199 a year and cuts the copy fee from 0.055% to 0.035%. Pro pays for itself once you copy about $995K of trades in a year, and it only beats MirrorTrade's 0.05% above about $1.33M a year.

The main difference is key handling. HyperX offers 2 setups. In the first, HyperX creates a wallet for you. In the other, which its tutorial calls ideal if you are worried about fund security, you create an API wallet on Hyperliquid and paste its private key into HyperX. An API wallet can't withdraw, so this is not the same as handing over your main key, but you do handle and copy a secret by hand. On MirrorTrade the trade-only key is created for your Agent Account and you never see or paste it.

Looking for a Dexly alternative?

Dexly is a trading app with copy trading built in, on web and mobile. It uses a revocable agent key that can't withdraw, lets you set a leverage cap, and can pause copying after a drawdown. Its fee is unclear: its homepage says there is no platform fee for copy trading, while its FAQ says a small builder fee is shown in the app. Check the fee in the app before you start.

Tools you may see in search that don't copy trades today

WunderTrading still ranks for Hyperliquid copy trading, but its own article says its copy trading service was shut down at the end of 2024. It now offers trading bots only.
HyperMirror describes itself as a read-only preview. Its FAQ says live trading is not available yet.
OneKey is a wallet with a Hyperliquid trading screen. It has no built-in copy trading; its own guide points readers to separate tools.

The right tool by what you care about

You want to know why a trader is ranked where they are: MirrorTrade, the only one here that publishes its full ranking method.
You want a hard floor on losses for the whole strategy: MirrorTrade's strategy stop-loss, or Dexly's drawdown pause.
You want to copy up to 10 traders at once: HyperDash.
You copy more than $1.33M a year and want a phone app: HyperX Pro.
You never want to paste a key yourself: MirrorTrade, or the wallet HyperDash or HyperX creates for you.

Limits of this comparison

Products change fast. Every competitor fact was checked on September 24, 2026 against that tool's own public pages, and we signed up for none of them, so anything shown only inside an app is not covered. MirrorTrade wrote this page, so treat it as a vendor's view and check the sources. If something here is wrong, the corrections page explains how to tell us. Copy trading involves risk: you can lose money, and past performance does not guarantee future results.

Sources

Start with the trader

See each trader's worst dip before you pick a tool.

See the ranked traders

Which one should you use?

Decision

MirrorTrade

HyperDash

HyperX

Dexly

Fee

0.05% per copied trade. No subscription, no profit share.

0.05% builder fee.

Free plan: 0.055% per copied trade. Pro: $199 a year and 0.035%.

Its pages disagree. The homepage says no platform fee for copy trading; the FAQ says a small builder fee is shown in the app.

Who holds the trading key

A trade-only key created for your Agent Account. You never copy or paste a key.

Either a wallet HyperDash manages for you, or your own wallet through an API key that can't withdraw and expires after 180 days.

2 setups: a wallet HyperX creates for you, or an API wallet you create on Hyperliquid and whose private key you paste into HyperX.

An agent key that can trade but can't withdraw, and that you can revoke.

Stop-loss and take-profit

For the whole strategy, set before anything runs.

Not documented for copy trading.

Yes.

Drawdown protection that pauses copying.

Leverage limit

40x per position. Risk multiplier from 1x to 2.5x.

Your choice from 1x to 40x, 20x by default.

A leverage cap is described in its blog, not its docs.

Yes, you set the cap.

Existing positions

Copy the whole current book, or only new trades.

Optional new-positions-only mode.

Can copy positions already open.

Not stated publicly.

How traders are ranked

Mirror Score: 9 signals with published weights. Worst drawdown carries the most weight.

Copy Score from 0 to 100. How it is calculated is not published.

Leaderboard filters by ROI, PnL, win rate and trade count.

Leaderboard with ROI, win rate, assets under management and max drawdown. Ranking method not disclosed.

Minimum

Each copied order must be at least $10, so the minimum depends on the trader.

$100 USDC for a connected wallet.

15 USDC, in the wallet HyperX creates.

Not stated publicly.

Looking for a HyperDash alternative?

Looking for a HyperX alternative?

Looking for a Dexly alternative?

Tools you may see in search that don't copy trades today

WunderTrading still ranks for Hyperliquid copy trading, but its own article says its copy trading service was shut down at the end of 2024. It now offers trading bots only.

HyperMirror describes itself as a read-only preview. Its FAQ says live trading is not available yet.

OneKey is a wallet with a Hyperliquid trading screen. It has no built-in copy trading; its own guide points readers to separate tools.

The right tool by what you care about

You want to know why a trader is ranked where they are: MirrorTrade, the only one here that publishes its full ranking method.

You want a hard floor on losses for the whole strategy: MirrorTrade's strategy stop-loss, or Dexly's drawdown pause.

You want to copy up to 10 traders at once: HyperDash.

You copy more than $1.33M a year and want a phone app: HyperX Pro.

You never want to paste a key yourself: MirrorTrade, or the wallet HyperDash or HyperX creates for you.

Limits of this comparison