How is the profit target calculated?
The profit target is the specific percentage a trader must achieve during the evaluation or challenge phase to qualify for a Hola Prime account.
The profit target for traders in the 1 Step Pro and Prime challenge is 10%, for the 2 Step Pro and Prime challenge, it is set at 8% for Phase 1 and 5% for Phase 2 and for 3 Step Prime challenge (all 3 phases) is 5% of the initial account balance. These limits are applicable to challenge accounts only.
For instance, On our 1 Step Pro accounts, the profit target is 10% of the initial balance.
So, considering $25,000 as the initial balance, the trader would need to make $2,500 (10% of $25,000) profit to pass the challenge and it will be $27,500.
Another example, On our 2 Step Prime accounts, the profit target is 8% for Phase 1 and 5% for Phase 2 of the initial account balance.
So, considering $100,000 as the initial balance, the trader would need to make $8,000 (8% of $100,000) profit in Phase 1 and $5000 (5% of $100,000) profit in Phase 2 to pass the challenge.
On our 3 Step Prime accounts, the profit target is 5% of the initial account balance.
So, considering $100,000 as the initial balance, the trader would need to make $5,000 (5% of $100,000) profit in each Phase 1, Phase 2 and Phase 3 to pass the challenge.
