6. Rewards & Refund
6.1 Rewards
The payouts in Hola Prime Account issued under the Direct Model are bi-weekly, with the trader being entitled to 80% of simulated profits.
However, the trader has the option to increase the reward up to 90% with an add-on.
If all rules are followed by the trader, they can request a payout every 14 calendar days following the first executed trade on the account, as long as the below given criteria is met:
- Biggest Loss Cannot Exceed Biggest Win:
The biggest loss recorded in this account must not exceed the biggest gain achieved in the same account. If this condition is not met, the trader must continue trading until the largest loss no longer surpasses the largest gain.
- 15% Consistency Requirement:
A minimum consistency score of 15% must be achieved. The consistency score is calculated as follows:
Consistency Score = (Biggest Winning Day / Current Total Account Profit) × 100%
If the required consistency score is not attained, the trader must continue trading until this criterion is satisfied.
- 3 Profitable Days:
By the end of each 14-day period, the trader must achieve at least 3 profitable trading days. The 14-day cycle begins on the date of the first trade executed in the account. A day is considered profitable only if the daily profit equals or exceeds 0.3% of the account balance.
The 14-day period resets either at the conclusion of each bi-weekly cycle or upon the processing of a reward. Failure to meet this requirement by the end of any 14-day period will result in the termination of the account.
These criteria ensure disciplined and consistent trading performance, aligning with the model’s objectives.
6.2 Payout Method
The following are the payout methods available:-
Bank Wire, Cryptocurrencies, & Paypal- The minimum amount is $20 (no fees from our end)
Rise- Minimum amount is $500. There is a flat fee of $25.