What is a hard breach, and what are the consequences?

This is a severe violation of the firm’s rules. If this happens during a challenge, or in your Hola Prime account, it will be closed.

Hard Breaches:

(i) Hitting the Max. Daily Loss or the Max. Overall Loss
(ii) Inactivity of 30 Calendar days

(iii) Using any of our prohibited trading strategies https://holaprime.com/trading-rules-list/trading-rules-prohibited-trading-practices/ or violating any Trading rules- https://holaprime.com/trading-rules/.

For example, if you have a $100,000 account and you grow that account to $110,000. If your account has a hard breach we would close the account. Of the $10,000 in gains in your Hola Prime account, you can still get 100% of your eligible reward split.

However, if a trader’s Hola Prime Account has simulated profits but surpasses the Daily Loss Limit, they might still get 100% of their simulated profits or any reimbursement/rewards(as applicable)  under these conditions:

1. No single trade should have more simulated profit or loss than 1% of the Initial account balance
2. All trades should have Stop Loss