What is a soft breach, and what are the consequences?
A soft breach is a minor violation and doesn’t lead to account termination. When this happens, we’ll close out the trade(s) that broke the rule, but you can Step back in and keep trading in your Hola Prime account.
Note: Pro Accounts (Hola Prime Account only)-
News Trading: Traders can hold trades at any time but are not allowed to execute (open or close) any trade on the instruments affected by high-impact news, during the window of 5 minutes before to 5 minutes after the release of such news. The execution of trade includes market execution as well as pending orders, including Stop Loss and Take Profit orders. Other non-targeted instruments (affected by low and medium-impact news) can be traded normally.
Any profits generated from trades executed during the restricted period will be reversed. This is because of the high volatility around the time of such news releases, when often there is a lot of slippage in real markets, and trading can be highly risky at such time.
At Hola Prime, we want our traders to trade as if it is their own money and they are trading in real markets.
Hence if you are being reckless in your trading account, we will terminate your account.
Weekend Holding: It is considered a soft breach. While it’s not a severe violation, traders should remain mindful of this rule to avoid disruptions and maintain compliance. Soft breaches offer traders a second chance to adjust their strategies while keeping their Hola Prime accounts active.