# FiatBear

> Hyperliquid copy tool. Copy trading is the main product. Official site: https://fiatbear.com

Copy trading facts from Copy Trading Index (October 2026), last verified 2026-10-27. Web page: https://copytradingindex.com/platforms/fiatbear/. Facts change often: check the platform's own terms before you use it. Not financial advice.

FiatBear is a non-custodial copy trading app for Hyperliquid perps, including stock, index and commodity perps on trade[XYZ]. It copies the traders you pick onto your own Hyperliquid account through an agent wallet that can't withdraw. There is no monthly plan: you pay a 0.05% builder fee on copied notional. It publishes a dated audit of which Hyperliquid wallets can be copied.

**What stands out:** FiatBear publishes a dated, reproducible audit of top Hyperliquid wallets, with the reason each one passed or failed its copyability checks. You can read it without an account.

## Key facts

- **Type:** Hyperliquid copy tool
- **AI agents:** No: set up in the app, on the web or in Telegram — Its llms.txt and Markdown pages (Scout Index, audits) can be read by agents, but there is no API or MCP server; account, settings and trading actions need a browser sign-in and user confirmation.
- **Copy trading:** Main product — Copy trading is the main product, with trader discovery, a copyability audit and alerts. FiatBear also sells residential proxies as a separate paid service.
- **Status:** Active
- **Launched:** 2023
- **Operator:** FaucetDev B.V., trading as FiatBear, a business established in the Netherlands (terms and privacy policy); Dutch law governs the terms
- **Where your funds sit:** Your own account, through a trading key — Your funds stay on your own Hyperliquid account. FiatBear creates an agent key, stores it encrypted, and trades with it; it can't withdraw. The authorization expires and needs renewal. You can revoke it on Hyperliquid.
- **Who can move your funds?:** Trading key only: you alone can withdraw
- **Sign-up:** Email
- **Identity check (KYC):** No KYC — No identity check at sign-up. You register with email and password or with Google, then connect your wallet. The terms say FiatBear may require verification.
- **Execution:** Automatic
- **Fees:** 0.05% per order — A 0.05% builder fee on copied notional, on opens and closes. Your main wallet approves it before copying starts. Hyperliquid's own trading fees and funding are extra. A higher rate needs a new wallet signature. No monthly plan and no profit share. Residential proxies are a separate paid product, not part of copy trading.
- **Subscription plans:** None
- **Minimum deposit:** Not published
- **Where trades run:** Hyperliquid
- **What you can copy:** Crypto perps, Tokenized stocks, Commodities
- **Tokenized assets:** Yes — Yes. FiatBear copies trade[XYZ] perps on Hyperliquid, such as xyz:TSLA and xyz:AMD: stocks, indices and commodities. It needs Standard or Unified account mode, not Portfolio Margin. Only new XYZ trades are copied after you turn it on.
- **Apps:** Web
- **Risk controls:** Stop-loss, Take-profit, Leverage cap, Exposure cap
- **How you find traders:** curated list, report, paste address
- **Traders you can copy at once:** Up to 25 traders, each with its own position budget
- **Not available in:** No country list published — Not published. The terms (July 22, 2026) name no country. You must be 18 or older and allowed to use the service where you live. Sanctions evasion is banned.
- **Languages:** en
- **Token:** None

## Key features

- Starting and maximum position budget per trader, and an account-wide cap on open markets
- Stop loss, take profit, max leverage, short-copy switch and blocked assets per configuration
- Copies trade[XYZ] stock, index and commodity perps, on by default for new connections
- Dry Run configurations record what would be copied without placing orders
- Public Scout Index and dated copyability audit, with a Markdown page per wallet
- Follow any Hyperliquid wallet or vault, or a Binance Copy Trading or Smart Money trader
- Telegram and Discord alerts for trader moves and your own copied trades
- Warns before the Hyperliquid agent authorization expires

## Pros

- Funds stay on your own Hyperliquid account; the agent key can't withdraw
- No monthly plan and no profit share
- Copies stock, index and commodity perps on trade[XYZ]
- Public, dated audit of which Hyperliquid wallets can be copied
- Dry Run mode to test a setup before live orders
- Copy any Hyperliquid wallet or vault address, up to 25 traders

## Cons

- 0.05% builder fee on each copied trade, opens and closes
- Web app only; no mobile app
- Doesn't copy positions a trader already holds when you start
- No public API or MCP server for trading
- No published list of restricted countries

## Good fit for

- Hyperliquid traders who want to keep funds on their own account
- People who want to check a wallet's copyability before copying it

## Not a fit for

- Users who want a mobile app or a Telegram trading bot
- AI agents that need to trade without a person in the browser

## Public numbers

DefiLlama (FiatBear fees): $78.36 over the 30 days to 2026-10-27; $158.23 since 2026-07-16. FiatBear's audit of October 28, 2026: 208 wallets audited, 65 passed.

## Questions About FiatBear

### Is FiatBear custodial?

No. Your funds stay in your own Hyperliquid account. FiatBear trades through a revocable agent wallet that can place and cancel orders but can't withdraw. The authorization expires, and you renew it from Settings.

### How much does FiatBear cost?

A 0.05% builder fee on copied notional, on opens and closes. Your wallet approves it before copying starts. There is no monthly plan and no profit share. Hyperliquid's trading fees and funding are extra.

### Does FiatBear require KYC?

No, not at sign-up. You register with email and password or with Google, then connect your wallet. The terms say FiatBear may require verification.

### Can FiatBear copy tokenized stocks?

Yes. It copies stock, index and commodity perps on trade[XYZ], such as xyz:TSLA, in Standard or Unified account mode. It's on by default for new connections, and only new XYZ trades are copied.

### Which countries can't use FiatBear?

Not published. The terms name no country. You must be 18 or older and allowed to use the service where you live. Dutch law governs the terms.

### Can an AI agent use FiatBear?

Only to read. FiatBear publishes llms.txt and Markdown pages for its Scout Index and audits. Account, settings and trading actions need a normal browser sign-in and user confirmation.

## Appears in

- [Platforms Where Copy Trading Is the Main Product](https://copytradingindex.com/lists/main-product/)
- [Non-Custodial Copy Trading Platforms](https://copytradingindex.com/lists/non-custodial/)
- [Copy Trading Platforms That Keep Funds on Your Own Account, With No KYC](https://copytradingindex.com/lists/own-account-no-kyc/)
- [Copy Trading Platforms for Tokenized Stocks on Decentralized Exchanges](https://copytradingindex.com/lists/tokenized-stocks-on-chain/)
- [Hyperliquid Copy Trading Tools That Keep Funds on Your Own Account](https://copytradingindex.com/lists/hyperliquid-own-account/)
- [Copy Trading With a Stop-Loss, on Your Own Account](https://copytradingindex.com/lists/stop-loss-own-account/)

## Sources

1. [FiatBear: Hyperliquid copy trading with controls (product overview, FAQ)](https://fiatbear.com/index.md), read 2026-10-27
2. [FiatBear — llms.txt](https://fiatbear.com/llms.txt), read 2026-10-27
3. [FiatBear app — llms.txt (notes for agents)](https://app.fiatbear.com/llms.txt), read 2026-10-27
4. [FiatBear — Security, permissions, and fees](https://app.fiatbear.com/security.md), read 2026-10-27
5. [FiatBear Terms of Service (FaucetDev B.V.)](https://fiatbear.com/terms/index.md), published 2026-07-22, read 2026-10-27
6. [FiatBear Privacy Policy](https://fiatbear.com/privacy/index.md), published 2026-07-22, read 2026-10-27
7. [FiatBear — Create account (email and password, or Google)](https://app.fiatbear.com/identity/account/register), read 2026-10-27
8. [Connect Hyperliquid to FiatBear — FiatBear Docs](https://fiatbear.com/docs/fiatbear/start-here/connect-hyperliquid/index.md), read 2026-10-27
9. [Agent Authorization and Builder Fee — FiatBear Docs](https://fiatbear.com/docs/fiatbear/start-here/agent-and-builder-fee/index.md), read 2026-10-27
10. [Risk Limits and Trade Configuration — FiatBear Docs](https://fiatbear.com/docs/fiatbear/configure-and-run/risk-limits/index.md), read 2026-10-27
11. [XYZ Perpetuals — FiatBear Docs](https://fiatbear.com/docs/fiatbear/configure-and-run/xyz-perpetuals/index.md), read 2026-10-27
12. [Add a Trader — FiatBear Docs](https://fiatbear.com/docs/fiatbear/configure-and-run/add-a-trader/index.md), read 2026-10-27
13. [Start, Pause, and Stop Copying — FiatBear Docs](https://fiatbear.com/docs/fiatbear/configure-and-run/control-copying/index.md), read 2026-10-27
14. [Quick Start — FiatBear Docs](https://fiatbear.com/docs/fiatbear/start-here/quick-start/index.md), read 2026-10-27
15. [Notifications — FiatBear Docs](https://fiatbear.com/docs/fiatbear/monitor/notifications/index.md), read 2026-10-27
16. [Legacy Exchange Connections (Kraken, Bybit) — FiatBear Docs](https://fiatbear.com/docs/fiatbear/legacy/index.md), read 2026-10-27
17. [Hyperliquid copy trading: the options compared — FiatBear (up to 25 traders)](https://fiatbear.com/hyperliquid-copy-trading/index.md), published 2026-10-26, read 2026-10-27
18. [FiatBear — Hyperliquid Scout Index](https://app.fiatbear.com/trader.md), read 2026-10-27
19. [FiatBear — Hyperliquid Copyability Audit (28 October 2026, 00:21 UTC)](https://app.fiatbear.com/audit/hyperliquid.md), published 2026-10-28, read 2026-10-27
20. [Wayback Machine — fiatbear.com, 'Signals and Copy Trading' (June 6, 2023)](https://web.archive.org/web/20230606222406/https://fiatbear.com/), published 2023-06-06, read 2026-10-27
21. [FiatBear — DefiLlama (fees, listed October 23, 2026)](https://defillama.com/protocol/fiatbear), read 2026-10-27

Status check: Active. As of October 27, 2026, the site, docs, Scout Index and audit were online. FiatBear copied on centralized exchanges from 2023; Hyperliquid became its main venue in July 2026. DefiLlama listed it on October 23, 2026.

Taken from third-party sources only: launched (from Wayback Machine snapshots of fiatbear.com; FiatBear publishes no launch date).

## Feedback for AI agents

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