Question 1

Hola Prime 2-Step Pro Challenge

Accepted Answer

Phases for the 2-Step Pro Challenge
The Hola Prime 2-Step Pro challenge consists of two phases that must be completed to become a Hola Prime trader and gain access to a Hola Prime (Sim. Funded) Account. After purchasing the account, traders will straightaway receive their login credentials via email, which can also be viewed through the &lsquo;Account Overview&rsquo; tab on the dashboard by clicking the &lsquo;Key&rsquo; icon.
Next Steps After Passing the Phase 2 Challenge
Once you hit your profit target in Phase 2, your Hola Prime (Sim. Funded) Account involves a standard verification process:
- 
Risk Review: Our Risk Team will promptly conduct a review of your entire challenge phase to ensure all rules were followed.
- 
KYC & Agreements: In the meantime, you can upload your documents for KYC and sign your contract under the &ldquo;Agreements&rdquo; tab.
- 
Account Issuance: After the review is finalized, you will receive the credentials for your official Hola Prime (Sim. Funded) Account.
The Challenge Phases:
These phases are designed to test your ability to achieve goals while showing disciplined risk management over a consistent period. To succeed, it is important to have a flexible trading system and a strong risk management strategy.
Phase 1: Demonstrate your ability to reach the profit target while managing risk.
Phase 2: Confirm your consistency to prove your performance wasn't just a one-time event.
Trading Objectives:
- 
Achieve the Profit Targets: Reach the specified targets for both Phase 1 and Phase 2 to pass the evaluation.
- 
- 
Phase 1 Target: Traders need to earn a profit equal to 8% of the initial account balance.
- 
Phase 2 Target: In the second phase, the profit target decreases to just 5% based on the initial account balance.
- 
Complete a minimum of 2 trading days: Trade for at least 2 separate days in each phase to qualify for the next step.
- 
Adhere to all trading rules: If any of the rules are not followed, the account will be permanently suspended (though you may purchase a new challenge to try again)
The Hola Prime (Sim. Funded) Account
Once you successfully pass the review and KYC process, you will be offered the opportunity to trade on the Hola Prime (Sim. Funded) Account and begin earning payouts.
Trading Rules - Account Violations (Hard Breach)
A hard breach is a critical violation of core risk management rules that leads to the immediate and permanent termination of the trading account.
Daily Loss Limit: 
The Daily Loss Limit is the maximum amount you can lose in a single day. For Phase 1 and 2 Challenge Accounts,this limit is set at 5% (4% for $200k accounts) of the previous day's closing balance. 
The Formula: Daily Loss Limit = Previous Day's Closing Balance - (Previous Day's Closing Balance &times; 5%)
Calculation: The loss for the day is the sum of your current floating PnL plus the total PnL of closed trades for that day.
Example 1 ($100k Account): Assume your initial account balance is $100,000. The Daily Loss Limit is 5%, which equals $5,000. This means your equity or balance cannot fall below $95,000 ($100,000 &minus; $5,000) at any time during the day.
Example 2 (Intraday Profit): If at the end of day 2, your account&rsquo;s closing balance is $110,000, then the loss limit for Day 3 would be $5,500 ($110,000 * 5%). This means your equity on Day 3 can't go below $104,500. If during the day, you make a profit of $7,000, then the allowable loss for that day increases to $12,500 ($110,000 * 5% + $7,000).
Example 3 (Floating Loss): You have a $110,000 trading account with a $5,500 daily limit. If you realize a closed loss of $3,000 and then initiate another trade, your account will breach the rule if your running trades exceed a floating loss of $2,500.
Daily Reset Timer: The Daily Loss Limit resets every day at 17:00 EST server time. You can always monitor the reset timer on your Hola Prime dashboard to see exactly when your daily loss limit resets. 
Max. Loss Limit:
The Max. Loss Limit (also known as the Maximum Drawdown) is the ultimate safety net for your account. For Phase 1 and 2 Challenge Accounts, this limit is set at 10% (8% for $200k accounts) of the Initial Account Balance. If your account balance or equity ever drops below the 90% (92% for $200K accounts) threshold of your initial balance, the account will be permanently closed.
The Formula: Max. Loss Limit = Initial Balance &ndash; (Initial Balance &times; 10%)
Example: The Standard "Floor"
You purchase a $100,000 2-Step Pro account.
Calculation: 10% of $100,000 is $10,000.
The "Floor": Your account equity or balance can never drop below $90,000 ($100,000 &ndash; $10,000)
Outcome: Whether it is day 1 or day 50, if your equity or balance falls below $90,000, the account is terminated.
Calculation Details: The rule states that the sum of the current floating PnL (Profit and Loss) and the realized PnL (Profit and Loss) on all closed positions must not hit the Max. Loss Limit.
2% Risk Rule (Funded & Direct Accounts)
Your risk per trade idea must not exceed 2% of your initial account balance.
This rule applies exclusively to Hola Prime (Sim. Funded) Accounts and Direct Accounts. It does not apply during the Challenge phase. A violation of this rule is considered a hard breach and will result in account termination.
Stop Loss Requirement
"Risk" refers to the maximum amount at stake on a trade or trade idea, determined by the stop-loss placement. A Stop Loss (SL) is mandatory on every trade.
- Only the risk taken matters, not the loss: If an SL is set within the 2% risk limit, any additional loss caused by price differences will not be considered in risk calculation.
- A floating or realized loss exceeding 2% on a trade or trade idea without an SL will be considered a breach.
- Failure to comply with this requirement constitutes a hard breach and result in account termination.
Once the stop loss requirement is met, risk is assessed based on the Single Trade Idea rule. This includes
- Layering / Splitting Positions
- 10-Minute Re-entry Rule
Layering/Splitting positions
If you open multiple positions on the same assets, same direction, with overlapping time (e.g., multiple "Buy" orders on EUR/USD), they are collectively treated as one single trade idea. This includes multiple entries opened and/or closed at different times.
Any continuous sequence or chain of such overlapping positions will also be treated as one single trade idea for risk calculation purposes.
The combined risk of all these positions cannot exceed the 2% limit. View Example ▾ 
The combined risk of all these positions cannot exceed the 2% limit. Hide Example ▴ 
Example &mdash; Splitting One Trade Idea into Multiple Overlapping Positions
INITIAL ACCOUNT BALANCE $100,000
MAXIMUM RISK PER TRADE IDEA 2% ($2,000)
TRADE
ASSET
TRADE DIRECTION
LOT SIZE
OPEN TIME (EST)
ENTRY PRICE
STOP LOSS
CLOSE TIME (EST)
EXIT PRICE
RISK
Trade 1
EUR/USD
Buy
0.50
15:00:00
1.14681
1.13681
15:25:00
1.14825
0.5%($500)
Trade 2
EUR/USD
Buy
0.30
15:03:00
1.14715
1.11382
15:49:00
1.14980
1.0%($1,000)
Trade 3
EUR/USD
Buy
0.20
15:07:00
1.14742
1.11742
15:36:00
1.14890
0.6%($600)
Risk per Trade Idea Assessment
As all three positions were opened on the same trading instrument, in the same direction, and were active simultaneously, they are classified as a single trade idea in accordance with the Risk per Trade Idea policy.
Total Risk Exposure (Trade 1 + Trade 2 + Trade 3):
0.5% + 1.0% + 0.6% = 2.1% ($2,100)
Compliance Outcome:
The combined risk exposure for this trade idea exceeded the maximum permitted limit of 2% ($2,000). Accordingly, this constitutes a hard breach of the Risk per Trade Idea policy.
The 10-Minute Re-entry Rule
If you close a position and then open a new one in the same direction on the same assets within 10 minutes, the system considers this a continuation of the same trade idea.
Any continuous sequence or chain of such closely timed positions will also be treated as one single trade idea for risk calculation purposes.
Their cumulative risk is tracked against the 2% limit. View Example ▾ 
Their cumulative risk is tracked against the 2% limit. Hide Example ▴ 
Example &mdash; Re-entering the Same Asset Within 10 Minutes
INITIAL ACCOUNT BALANCE $100,000
MAXIMUM RISK PER TRADE IDEA 2% ($2,000)
TRADE
ASSET
SIDE
LOT SIZE
OPEN TIME (EST)
ENTRY PRICE
STOP LOSS
CLOSE TIME (EST)
EXIT PRICE
RISK
Trade 1
XAU/USD
Buy
1.00
15:04:00
4024.73
4009.73
15:18:00
4031.20
1.5%($1,500)
Trade 2
XAU/USD
Buy
0.50
15:49:00
4032.10
4012.10
15:59:00
4038.65
1.0%($1,000)
Trade 3
XAU/USD
Buy
1.00
16:04:00
4039.25
4024.25
16:13:00
4045.10
1.5%($1,500)
Trade 4
XAU/USD
Buy
0.50
16:19:00
4045.80
4029.80
16:30:00
4052.30
0.8%($800)
Risk per Trade Idea Assessment
- Trade 2 was opened 31 minutes after Trade 1 had been closed. As the time gap exceeded 10 minutes, Trade 2 is classified as a new trade idea.
- Trade 3 was opened 5 minutes after Trade 2 had been closed. As it was executed on the same trading instrument, in the same direction, and within 10 minutes of the previous position being closed, it is considered a continuation of the same trade idea.
- Trade 4 was opened 6 minutes after Trade 3 had been closed. Since it was executed on the same trading instrument, in the same direction, and within 10 minutes, it is also considered a continuation of the same trade idea.
Total Risk Exposure (Trade 2 + Trade 3 + Trade 4):
1.0% + 1.5% + 0.8% = 3.3% ($3,300)
Compliance Outcome:
Although Trade 2 began a new trade idea, both Trade 3 and Trade 4 were opened within 10 minutes of the preceding trade being closed. Therefore, Trade 2, Trade 3, and Trade 4 are treated as a single trade idea.
Since the combined risk exposure for this trade idea is 3.3% ($3,300), exceeding the maximum permitted limit of 2% ($2,000), this constitutes a hard breach of the Risk per Trade Idea policy.
Layering Positions Followed by Re-entry Within 10 Minutes
This example demonstrates how overlapping positions and a subsequent re-entry within 10 minutes on the same asset and in the same direction are treated as a single trade idea.
The combined risk of all related positions must not exceed the 2% limit. View Example ▾ 
The combined risk of all related positions must not exceed the 2% limit. Hide Example ▴ 
Example &mdash; Layering Positions Followed by Re-entry Within 10 Minutes
INITIAL ACCOUNT BALANCE $100,000
MAXIMUM RISK PER TRADE IDEA 2% ($2,000)
TRADE
ASSET
TRADE DIRECTION
LOT SIZE
OPEN TIME (EST)
ENTRY PRICE
STOP LOSS
CLOSE TIME (EST)
EXIT PRICE
RISK
Trade 1
EUR/USD
Buy
0.50
15:00:00
1.14681
1.13681
15:25:00
1.14825
0.5%($500)
Trade 2
EUR/USD
Buy
0.30
15:03:00
1.14715
1.11382
15:49:00
1.14980
1.0%($1,000)
Trade 3
EUR/USD
Buy
0.20
15:54:00
1.14910
1.11910
16:10:00
1.15020
0.6%($600)
Risk per Trade Idea Assessment
Trade 1 and Trade 2 overlapped in time on the same trading instrument and in the same direction. Therefore, they are treated as a single trade idea.
Trade 3 was opened 5 minutes after Trade 2 was closed. Since it was executed on the same trading instrument, in the same direction, and within 10 minutes of closing Trade 2, it is considered a continuation of the same trade idea.
Total Risk Exposure (Trade 1 + Trade 2 + Trade 3):
0.5% + 1.0% + 0.6% = 2.1% ($2,100)
Compliance Outcome:
Trade 1 and Trade 2 are considered a single trade idea due to their overlapping duration. Trade 3 is treated as a continuation of the same trade idea, as it was opened within 10 minutes of closing Trade 2. Accordingly, all three trades are assessed as one continuous trade idea.
The combined risk exposure across these trades was 2.1% ($2,100), exceeding the maximum permitted Risk per Trade Idea limit of 2% ($2,000). This constitutes a hard breach of the Risk per Trade Idea policy.
Additional Guidelines
General risk management rules should always be followed, and traders should operate the account as if it were their own capital. Please refer to prohibited gambling behavior for further details.
*Using prohibited trading practices may result in a reduction of the risk limit to 1% as a preventive measure. Any such changes will be communicated via official channels.
Inactivity
Any trading account (challenge or Funded) inactive for consecutive 30 calendar days will be permanently suspended. A trading day refers to a day when at least one trade is opened as it counts towards an active trading day. Closing the trade, modifying the stop loss or take profit, or placing a pending order does not count as a trading day.
Example: If your last trade was opened on January 1st, you must open a new position by January 30th. If no activity occurs by January 31st, the account is breached due to inactivity.
Trading Rules - Additional Guidelines (Soft Breach)
A soft breach is a minor violation that does not lead to account closure. Instead, it results in specific trade adjustments or temporary restrictions to ensure adherence to risk standards.
News Trading and Weekend holding:
News trading and weekend holding is normally allowed in the Challenge Phase. However, it can't be exercised in the Hola Prime (Sim. Funded) Accounts.
- 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. Reckless trading around high-impact news with the intent to exploit volatility can lead to account termination.
- 
Weekend Holding: Holding trades over the weekends is normally allowed in the Challenge Phase. However, for Hola Prime (Sim. Funded) Accounts, weekend holding is not allowed, and any trade remaining open at 15:45 EST time on Friday will be automatically closed by the system. The account will be disabled, and you can get the accounts re-enabled to continue trading Monday onwards.
Why are trades closed at 15:45 EST?
Traders might get a worse fill if trades were closed at 17:00 EST when the weekend rollover takes place. To avoid these trades are being closed at 15:45 EST. Additionally, it takes us time to go over all accounts and close trades in bulk.
Note: Profit from trades that are closed by the system on Friday will be counted towards the payout. Similarly, the trader is responsible for the violation in case any loss/deductions result in the breach of the daily loss limit or max. loss limit in the respective account.
Maximum Exposure Limits
It is a cap on the total lot size of all your active (open) trades. This is designed to prevent "over-leveraging," where a trader takes a position so large that a small market move could destroy the account.
This rule applies exclusively to 2-Step Pro accounts. It does not apply to $5,000 or $10,000 accounts.
Note: "Maximum Lots" is the total across all trades. For example, on a $100,000 account, you could have four 10-lot trades open, or forty 1-lot trades open.
Please click on this link for more details here:
What happens if you exceed the lot limit?
This will be considered as a soft breach. The moment you open a trade that pushes your total exposure above the limit:
- 
Automatic Closure: The system will automatically close all open trades and disable your account. Any profits earned from trades that exceeded the limits will be deducted.
- 
Account Disabled (The "Warning" Phase): If it is your first breach, your account can be re-enabled upon request. However, if the deduction of excess profits causes your account balance to drop below the Daily Loss Limit or Max. Loss Limit, the account will be considered failed.
Profit Deduction (The Second Breach): A second violation is much stricter. It results in the deduction of profits, a reduction of your profit split to 30%, and account termination.
Note: Maximum exposure limits for eligible 2-Step Pro Hola Prime (Sim. Funded) Accounts can increase by 10% of the original base lot limit with each successful scaling from the 2nd Scaling onwards.
Passing Requirements
To successfully complete the 2-Step Pro Challenge and qualify for a Hola Prime (Sim. Funded) Account, you must meet all the following milestones. These are not "breach" rules but rather targets that must be reached to verify your trading performance.
Profit Target:
Achieve a specified profit targets to advance through the evaluation phases and gain access to a Hola Prime (Sim. Funded) Account:
- 
Phase 1: Traders need to earn a profit equal to 8% of the initial account balance.
- 
Phase 2: The profit target decreases to just 5% based on the initial account balance.
Example: For a trader starting with a $100,000 account size, they should aim for $8,000 profit in Phase 1 and $5,000 profit in Phase 2, while ensuring compliance with drawdown rules, to access the Hola Prime (Sim. Funded) Account.
Minimum Trading Days:
You are required to reach the profit target while following all other rules and trading for a minimum of 2 days in each challenge phase.
Example:
- Monday (Day 1): You open three trades on EUR/USD, reaching a total realized profit of $5,500
- Tuesday (Day 2): You open three trades on EUR/USD, reaching a total profit of $4,500
- Result: Requirement Met. By placing a trade on a second calendar day, you have fulfilled the 2-day minimum.
Note : Overnight holding is fully permitted across all Challenge and Hola Prime (Sim. Funded) Accounts. This allows you to maintain your positions without interruption, providing the professional flexibility needed to capitalize on long-term strategies and market trends that unfold beyond standard session hours.
Rewards
1. Industry-Leading Profit Splits up to 95%
At Hola Prime, we empower traders with choice and flexibility in their payout cycles with no extra fees attached!
To qualify for a payout, the trader must meet the following profitability requirements:
- 
Bi-weekly Cycle: Requires a minimum of 3 profitable trading days within a 14-day period to receive an 80% profit-split.
- 
Monthly Cycle: Requires a minimum of 7 profitable trading days within a 30-day period to receive a 95% profit-split.
What is a Profitable Trading Day?
A profitable trading day is defined as a day when closed positions generate a net profit of at least 0.5% of the initial account balance.
Example: For an account with an initial balance of $100,000, a day is considered profitable if you close the day with a minimum of $500 in net profit ($100,000 &times; 0.005 = $500).
Calculation: Positive profit is calculated as: EOD Balance or EOD Equity (whichever is lower) &minus; Previous Day Closing Balance.
2. On-Demand Payouts
Traders can request On-Demand Payouts with an 80% profit split, subject to the following conditions:
Consistency Requirement: Traders must maintain a Consistency Score of up to 40%. This means your biggest winning day cannot exceed 40% of the total profits on the account.
- 
Formula: Consistency Score % = (Biggest Winning Day / Current Total Account Profit) &times; 100
- 
Example: If your highest daily profit is $11,250 and your total profit is $25,000, your score is 45%. You must continue trading to earn a total profit of at least $28,125 to bring the score down to 40%.
Minimum Profit Required: A minimum total profit of 2% of the initial account balance is required to be eligible for payout.
- 
Example: On a $100,000 account, you must have at least $2,000 in total profit to request an on-demand payout.
3. Flexible & Fast Payouts
You&rsquo;ve done the hard work&mdash;now it&rsquo;s time to enjoy the results. We offer a variety of seamless payout options designed to put your profits in your hands as quickly and efficiently as possible.
- 
Bank Wire & Cryptocurrencies: Minimum $50 (excluding firm&rsquo;s share) Supported Crypto: BTC, USDC, ETH, USDT (ERC-20 & TRC-20).
- 
Rise: Minimum $500 (excluding firm&rsquo;s share), supports bank & crypto payouts 
Payout Processing Fee: A 2.5% payout processing fee applies to all payment methods, subject to a minimum fee of $25 for Rise and Bank Wire and $5 for Crypto.
4. 100% Challenge Fee Refund
When you successfully pass the 2 Step Pro Challenge, you can receive a 100% refund of your challenge fee. The refund will be processed with your 4th successful payout and will apply only to the same account from which the qualifying payouts were generated.
Example: If your initial challenge fee was $120, the full $120 refund will be processed alongside your 4th successful payout.
Note: The 100% refund applies only to the challenge fee. Any fees paid for add-ons will not be refunded.
The Trading Ecosystem
Traders typically pay a commission for using a prop firm&rsquo;s funds and platforms. This fee is deducted from simulated profits before the split between the trader and the firm.
Hola Prime ensures a seamless trading experience with low commission rates. This allows traders to maximize their simulated profits while maintaining transparency and fairness in trading costs. Here is the detailed commission structure:
- 
Forex & Commodities (Gold) - $ 3 per lot per side
- 
Other Commodities - $1.5 per lot per side
- 
Indices and Cryptos - Zero Commission
Trading Platform
You can choose among the best trading platforms- MT5, Match Trader, Trade-Locker, and cTrader platforms.
Note: Match Trader and TradeLocker platforms are available exclusively to clients in the US and UK.
Tradable instrument: You can trade Forex, Crypto, Indices, and Commodities with tight spreads on all our trading platforms.
Instrument wise Leverage:
The leverage that will be applied on 2-Step pro account will be:
Forex: 100:1
Exotics: 10:1
Commodities: 5:1
Indices: 20:1
Metals: 20:1
Crypto: 2:1

Question 2

Hola Prime 1-Step Prime Challenge

Accepted Answer

Phases for the 1-Step Prime Challenge
The Hola Prime 1-Step Prime challenge consists of a single phase that must be completed to become a Hola Prime trader and gain access to a Hola Prime (Sim. Funded) Account. After purchasing the account, traders will straightaway receive their login credentials via email, which can also be viewed through the &lsquo;Account Overview&rsquo; tab on the dashboard by clicking the &lsquo;Key&rsquo; icon.
Next Steps After Passing the Challenge
Once you hit your profit target, the transition to your professional account involves a standard verification process:
- 
Risk Review: Our Risk Team will promptly conduct a review of your entire challenge phase to ensure all rules were followed.
- 
KYC & Agreements: While waiting, you can upload your documents for KYC and sign your contract under the &ldquo;Agreements&rdquo; tab.
- 
Account Issuance: After the review is finalized, you will receive the credentials for your official Hola Prime (Sim. Funded) Account.
The Challenge Phase:
This phase is designed to test your ability to achieve goals while showing disciplined risk management. This phase is best suited for swing trades. To succeed, it is important to have a flexible trading system and a strong risk management strategy.
Trading Objectives:
- Achieve the Profit Target of 10% to pass the evaluation.
- Complete a minimum of 2 trading days to qualify for the next step.
- Adhere to all trading rules: If any of the rules are not followed, the account will be permanently suspended (though you may purchase a new challenge to try again).
The Hola Prime (Sim. Funded) Account
Once you successfully pass the review and KYC process, you will be offered the opportunity to trade on the Hola Prime (Sim. Funded) Account and begin earning payouts.
Trading Rules - Account Violations (Hard Breach)
A hard breach is a critical violation of core risk management rules that leads to the immediate and permanent termination of the trading account..
Daily Loss Limit
The Daily Loss Limit is the maximum amount you can lose in a single day. For 1 Step Prime Accounts, this limit is set at 3% of the previous day's closing balance. Violating this rule is a hard breach and will lead to the permanent closure of your account.
The Formula: Daily Loss Limit = Previous Day's Closing Balance &ndash; (Previous Day's Closing Balance &times; 3%)
Calculation: The loss for the day is the sum of your current floating PnL plus the total PnL of closed trades for that day.
Example 1: Starting Balance With a $110,000 closing balance from the previous day, your equity or balance cannot fall below $106,700 at any time during the day.
Example 2 (Intraday Profit): Intraday Profit If you start with $110,000 and make $7,000 in profit during the day, your allowable loss for that day increases to $10,300.
Example 3 (Floating Loss): You have a $110,000 trading account with a $3,300 daily limit. If you realize a closed loss of $2,000 and then initiate another trade, your account will breach the rule if your running trades exceed a floating loss of $1,300.
Daily Reset Timer: The Daily Loss Limit resets every day at 17:00 EST server time. You can always monitor the reset timer on your Hola Prime dashboard to see exactly when your daily loss limit resets.
Max. Loss Limit
The Max. Loss Limit (also known as the Maximum Drawdown) is the ultimate safety net for your account. For 1 Step Prime Accounts, this limit is set at 6% of your initial account balance. If your account balance or floating equity ever drops below the 94% threshold of your initial balance, the account will be permanently closed.
Note: Unlike the Daily Loss Limit, the Max. Loss Limit is static and always calculated based on the initial funding amount, not the previous day's balance.
The Formula: Max. Loss Limit = Initial Balance &ndash; (Initial Balance &times; 6%)
Example: The Standard "Floor" You purchase a $100,000 1 Step Prime account.
Calculation: 6% of $100,000 is $6,000.
The "Floor": Your account equity or balance can never drop below $94,000 ($100,000 &ndash; $6,000).
Outcome: Whether it is day 1 or day 50, if your equity or balance falls below $94,000, the account is terminated.
Calculation Details: The rule states that the sum of the current floating PnL (Profit and Loss) and the realized PnL (Profit and Loss) on all closed positions must not hit the Max. Loss Limit.
2% Risk Rule (Funded & Direct Accounts)
Your risk per trade idea must not exceed 2% of your initial account balance.
This rule applies exclusively to Hola Prime (Sim. Funded) Accounts and Direct Accounts. It does not apply during the Challenge phase. A violation of this rule is considered a hard breach and will result in account termination.
Stop Loss Requirement
"Risk" refers to the maximum amount at stake on a trade or trade idea, determined by the stop-loss placement. A Stop Loss (SL) is mandatory on every trade.
- Only the risk taken matters, not the loss: If an SL is set within the 2% risk limit, any additional loss caused by price differences will not be considered in risk calculation.
- A floating or realized loss exceeding 2% on a trade or trade idea without an SL will be considered a breach.
- Failure to comply with this requirement constitutes a hard breach and result in account termination.
Once the stop loss requirement is met, risk is assessed based on the Single Trade Idea rule. This includes
- Layering / Splitting Positions
- 10-Minute Re-entry Rule
Layering/Splitting positions
If you open multiple positions on the same assets, same direction, with overlapping time (e.g., multiple "Buy" orders on EUR/USD), they are collectively treated as one single trade idea. This includes multiple entries opened and/or closed at different times.
Any continuous sequence or chain of such overlapping positions will also be treated as one single trade idea for risk calculation purposes.
The combined risk of all these positions cannot exceed the 2% limit. View Example ▾ 
The combined risk of all these positions cannot exceed the 2% limit. Hide Example ▴ 
Example &mdash; Splitting One Trade Idea into Multiple Overlapping Positions
INITIAL ACCOUNT BALANCE $100,000
MAXIMUM RISK PER TRADE IDEA 2% ($2,000)
TRADE
ASSET
TRADE DIRECTION
LOT SIZE
OPEN TIME (EST)
ENTRY PRICE
STOP LOSS
CLOSE TIME (EST)
EXIT PRICE
RISK
Trade 1
EUR/USD
Buy
0.50
15:00:00
1.14681
1.13681
15:25:00
1.14825
0.5%($500)
Trade 2
EUR/USD
Buy
0.30
15:03:00
1.14715
1.11382
15:49:00
1.14980
1.0%($1,000)
Trade 3
EUR/USD
Buy
0.20
15:07:00
1.14742
1.11742
15:36:00
1.14890
0.6%($600)
Risk per Trade Idea Assessment
As all three positions were opened on the same trading instrument, in the same direction, and were active simultaneously, they are classified as a single trade idea in accordance with the Risk per Trade Idea policy.
Total Risk Exposure (Trade 1 + Trade 2 + Trade 3):
0.5% + 1.0% + 0.6% = 2.1% ($2,100)
Compliance Outcome:
The combined risk exposure for this trade idea exceeded the maximum permitted limit of 2% ($2,000). Accordingly, this constitutes a hard breach of the Risk per Trade Idea policy.
The 10-Minute Re-entry Rule
If you close a position and then open a new one in the same direction on the same assets within 10 minutes, the system considers this a continuation of the same trade idea.
Any continuous sequence or chain of such closely timed positions will also be treated as one single trade idea for risk calculation purposes.
Their cumulative risk is tracked against the 2% limit. View Example ▾ 
Their cumulative risk is tracked against the 2% limit. Hide Example ▴ 
Example &mdash; Re-entering the Same Asset Within 10 Minutes
INITIAL ACCOUNT BALANCE $100,000
MAXIMUM RISK PER TRADE IDEA 2% ($2,000)
TRADE
ASSET
SIDE
LOT SIZE
OPEN TIME (EST)
ENTRY PRICE
STOP LOSS
CLOSE TIME (EST)
EXIT PRICE
RISK
Trade 1
XAU/USD
Buy
1.00
15:04:00
4024.73
4009.73
15:18:00
4031.20
1.5%($1,500)
Trade 2
XAU/USD
Buy
0.50
15:49:00
4032.10
4012.10
15:59:00
4038.65
1.0%($1,000)
Trade 3
XAU/USD
Buy
1.00
16:04:00
4039.25
4024.25
16:13:00
4045.10
1.5%($1,500)
Trade 4
XAU/USD
Buy
0.50
16:19:00
4045.80
4029.80
16:30:00
4052.30
0.8%($800)
Risk per Trade Idea Assessment
- Trade 2 was opened 31 minutes after Trade 1 had been closed. As the time gap exceeded 10 minutes, Trade 2 is classified as a new trade idea.
- Trade 3 was opened 5 minutes after Trade 2 had been closed. As it was executed on the same trading instrument, in the same direction, and within 10 minutes of the previous position being closed, it is considered a continuation of the same trade idea.
- Trade 4 was opened 6 minutes after Trade 3 had been closed. Since it was executed on the same trading instrument, in the same direction, and within 10 minutes, it is also considered a continuation of the same trade idea.
Total Risk Exposure (Trade 2 + Trade 3 + Trade 4):
1.0% + 1.5% + 0.8% = 3.3% ($3,300)
Compliance Outcome:
Although Trade 2 began a new trade idea, both Trade 3 and Trade 4 were opened within 10 minutes of the preceding trade being closed. Therefore, Trade 2, Trade 3, and Trade 4 are treated as a single trade idea.
Since the combined risk exposure for this trade idea is 3.3% ($3,300), exceeding the maximum permitted limit of 2% ($2,000), this constitutes a hard breach of the Risk per Trade Idea policy.
Layering Positions Followed by Re-entry Within 10 Minutes
This example demonstrates how overlapping positions and a subsequent re-entry within 10 minutes on the same asset and in the same direction are treated as a single trade idea.
The combined risk of all related positions must not exceed the 2% limit. View Example ▾ 
The combined risk of all related positions must not exceed the 2% limit. Hide Example ▴ 
Example &mdash; Layering Positions Followed by Re-entry Within 10 Minutes
INITIAL ACCOUNT BALANCE $100,000
MAXIMUM RISK PER TRADE IDEA 2% ($2,000)
TRADE
ASSET
TRADE DIRECTION
LOT SIZE
OPEN TIME (EST)
ENTRY PRICE
STOP LOSS
CLOSE TIME (EST)
EXIT PRICE
RISK
Trade 1
EUR/USD
Buy
0.50
15:00:00
1.14681
1.13681
15:25:00
1.14825
0.5%($500)
Trade 2
EUR/USD
Buy
0.30
15:03:00
1.14715
1.11382
15:49:00
1.14980
1.0%($1,000)
Trade 3
EUR/USD
Buy
0.20
15:54:00
1.14910
1.11910
16:10:00
1.15020
0.6%($600)
Risk per Trade Idea Assessment
Trade 1 and Trade 2 overlapped in time on the same trading instrument and in the same direction. Therefore, they are treated as a single trade idea.
Trade 3 was opened 5 minutes after Trade 2 was closed. Since it was executed on the same trading instrument, in the same direction, and within 10 minutes of closing Trade 2, it is considered a continuation of the same trade idea.
Total Risk Exposure (Trade 1 + Trade 2 + Trade 3):
0.5% + 1.0% + 0.6% = 2.1% ($2,100)
Compliance Outcome:
Trade 1 and Trade 2 are considered a single trade idea due to their overlapping duration. Trade 3 is treated as a continuation of the same trade idea, as it was opened within 10 minutes of closing Trade 2. Accordingly, all three trades are assessed as one continuous trade idea.
The combined risk exposure across these trades was 2.1% ($2,100), exceeding the maximum permitted Risk per Trade Idea limit of 2% ($2,000). This constitutes a hard breach of the Risk per Trade Idea policy.
Additional Guidelines
General risk management rules should always be followed, and traders should operate the account as if it were their own capital. Please refer to prohibited gambling behavior for further details.
*Using prohibited trading practices may result in a reduction of the risk limit to 1% as a preventive measure. Any such changes will be communicated via official channels.
Inactivity
Any trading account (challenge or Funded) inactive for consecutive 30 calendar days will be permanently suspended. A trading day refers to a day when at least one trade is opened as it counts towards an active trading day. Closing the trade, modifying the stop loss or take profit, or placing a pending order does not count as a trading day.
Example: If your last trade was opened on January 1st, you must open a new position by January 30th. If no activity occurs by January 31st, the account is breached due to inactivity.
Trading Rules - Additional Guidelines 
What is allowed in 1 Step Prime challenge and funded accounts:
News Trading: In 1 Step Prime Accounts, there is no restriction for trading during any news hours, allowing traders to take advantage of market volatility and execute trades without restrictions during high-impact news events.
Weekend Holding: In 1 Step Prime Accounts, traders can trade 24x7, ensuring they remain in their positions without the need to close positions before the weekend.
Overnight Holding: Overnight holding of positions is permitted in 1 Step Prime Accounts, allowing traders to maintain their trades without interruption, giving them the flexibility to gain on long-term strategies and market trends that unfold beyond standard trading hours.
Passing Requirements
To successfully complete the 1 Step Prime Challenge and qualify for a Hola Prime (Sim. Funded) Account, you must meet all the following milestones. These are not "breach" rules but rather targets that must be reached to verify your trading performance.
Profit Target:
Achieve a profit target of 10% of the initial balance to gain direct access to a Hola Prime (Sim. Funded) Account without further evaluation.
For example: A trader starting with an initial account balance of $100,000 must aim for a profit of $10,000, ensuring compliance with drawdown rules, to access the Hola Prime (Sim. Funded) Account.
Minimum Trading Days:
You are required to reach a profit target while following all other rules and trading for a minimum of 2 days in the challenge phase.
Example:
- 
Monday (Day 1): You open three trades on EUR/USD, reaching a total realized profit of $5,500.
- 
Tuesday (Day 2): You open three trades on EUR/USD, reaching an additional profit of $4,500.
Result: Requirement Met. By placing a trade on a second calendar day, you have fulfilled the 2-day minimum.
Rewards
1. Industry-Leading Profit Splits up to 95%
At Hola Prime, we empower traders with choice and flexibility in their payout cycles with no extra fees attached!
To qualify for a payout, the trader must meet the following profitability requirements:
- Bi-weekly Cycle: Requires a minimum of 3 profitable trading days within a 14-day period to receive an 80% profit-split.
- Monthly Cycle: Requires a minimum of 7 profitable trading days within a 30-day period to receive a 95% profit-split.
What is a Profitable Trading Day?
A profitable trading day is defined as a day when closed positions generate a net profit of at least 0.5% of the initial account balance.
Example: For an account with an initial balance of $100,000, a day is considered profitable if you close the day with a minimum of $500 in net profit ($100,000 &times; 0.005 = $500).
Calculation: Positive profit is calculated as: EOD Balance or EOD Equity (whichever is lower) &minus; Previous Day Closing Balance.
2. On-Demand Payouts
Traders can request On-Demand Payouts with an 80% profit split, subject to the following conditions:
Consistency Requirement: Traders must maintain a Consistency Score of up to 40%. This means your biggest winning day cannot exceed 40% of the total profits on the account.
- 
Formula: Consistency Score % = (Biggest Winning Day / Current Total Account Profit) &times; 100
- 
Example: If your highest daily profit is $11,250 and your total profit is $25,000, your score is 45%. You must continue trading to earn a total profit of at least $28,125 to bring the score down to 40%.
Minimum Profit Required: A minimum total profit of 2% of the initial account balance is required to be eligible for payout.
- 
Example: On a $100,000 account, you must have at least $2,000 in total profit to request an on-demand payout.
3. Flexible & Fast Payouts
You&rsquo;ve done the hard work&mdash;now it&rsquo;s time to enjoy the results. We offer a variety of seamless payout options designed to put your profits in your hands as quickly and efficiently as possible.
- 
Bank Wire & Cryptocurrencies: Minimum $50 (excluding firm&rsquo;s share) Supported Crypto: BTC, USDC, ETH, USDT (ERC-20 & TRC-20).
- 
Rise: Minimum $500 (excluding firm&rsquo;s share), supports bank & crypto payouts.
Payout Processing Fee: A 2.5% payout processing fee applies to all payment methods, subject to a minimum fee of $25 for Rise and Bank Wire and $5 for Crypto.
4. 100% Challenge Fee Refund
When you successfully pass the 1 Step Prime Challenge, you will receive a 100% refund of your challenge fee. The refund will be processed with your 4th successful payout and will apply only to the same account from which the qualifying payouts were generated.
Example: If your initial challenge fee was $120, complete $120 refund will be processed with your 4th successful payout.
Note: The 100% refund applies only to the challenge fee. Any fees paid for add-ons will not be refunded.
The Trading Ecosystem
Traders typically pay a commission for using a prop firm&rsquo;s funds and platforms. This fee is deducted from simulated profits before the split between the trader and the firm.
Hola Prime ensures a seamless trading experience with low commission rates. This allows traders to maximize their simulated profits while maintaining transparency and fairness in trading costs. Here is the detailed commission structure:
- 
Forex & Commodities (Gold)- $ 3 per lot per side
- 
Other Commodities &ndash; $1.5 per lot per side
- 
Indices and Cryptos - Zero Commission
Trading Platform
You can choose among the best trading platforms- MT5, Match Trader, Trade-Locker, and CTrader platforms.
Note: Match Trader and TradeLocker will be available exclusively to clients in the US and UK.
Tradable Instruments: You can trade Forex, Crypto, Indices, and commodities with tight spreads on all our trading platforms.
Instrument-Wise Leverage
The leverage that will be applied on 1-Step Prime account will be:
Forex: 50:1
Exotics: 5:1
Commodities: 2:1
Indices: 10:1
Metals: 10:1
Crypto: 1:1

Question 3

Hola Prime 2-Step Prime Challenge

Accepted Answer

Phases for the 2-Step Prime Challenge
The Hola Prime 2-Step Prime challenge consists of two phases that must be completed to become a Hola Prime trader and gain access to a Hola Prime (Sim. Funded) Account. After purchasing the account, traders will straightaway receive their login credentials via email, which can also be viewed through the &lsquo;Account Overview&rsquo; tab on the dashboard by clicking the &lsquo;Key&rsquo; icon.
Next Steps After Passing the Challenge
Once you hit your profit target, the transition to your professional account involves a standard verification process:
- 
Risk Review: Our Risk Team will promptly conduct a review of your entire challenge phase to ensure all rules were followed.
- 
KYC & Agreements: While waiting, you can upload your documents for KYC and sign your contract under the &ldquo;Agreements&rdquo; tab.
- 
Account Issuance: After the review is finalized, you will receive the credentials for your official Hola Prime (Sim. Funded) Account.
The Challenge Phases:
These phases are designed to test your ability to achieve goals while showing disciplined risk management over a consistent period. This phase is best suited for swing trades. To succeed, it is important to have a flexible trading system and a strong risk management strategy.
Trading Objectives:
- Achieve the Profit Targets: Reach the specified targets for both Phase 1 and Phase 2 to pass the evaluation.
- Phase 1 Target: Traders need to earn a profit equal to 8% of the initial account balance.
- Phase 2 Target: In the second phase, the profit target decreases to just 5% based on the initial account balance.
- Complete a minimum of 3 trading days in each phase to qualify for the next step.
- Adhere to all trading rules: If any of the rules are not followed, the account will be permanently suspended (though you may purchase a new challenge to try again).
The Hola Prime (Sim. Funded) Account
Once you successfully pass the review and KYC process, you will be offered the opportunity to trade on the Hola Prime (Sim. Funded) Account and begin earning payouts.
Trading Rules - Account Violations (Hard Breach)
A hard breach is a critical violation of core risk management rules that leads to the immediate and permanent termination of the trading account.
Daily Loss Limit
The Daily Loss Limit is the maximum amount you can lose in a single day. For Phase 1 and 2 Challenge Accounts, this limit is set at 5% (4% for $200k accounts) of the previous day's closing balance. 
The Formula: Daily Loss Limit = Previous Day's Closing Balance - (Previous Day's Closing Balance &times; 5%)
Calculation: The loss for the day is the sum of your current floating PnL plus the total PnL of closed trades for that day.
Example 1 (100k Account): Assume your initial account balance is $100,000. The Daily Loss Limit is 5%, which equals $5,000. This means your equity or balance cannot fall below $95,000 ($100,000 &minus; $5,000) at any time during the day.
Example 2 (Intraday Profit): If at the end of day 2, your account&rsquo;s closing balance is $110,000, then the loss limit for Day 3 would be $5,500 ($110,000 * 5%). This means your equity on Day 3 can't go below $104,500. If during the day, you make a profit of $7,000, then the allowable loss for that day increases to $12,500 ($110,000 * 5% + $7,000).
Example 3 (Floating Loss): You have a $110,000 trading account with a $5,500 daily limit. If you realize a closed loss of $3,000 and then initiate another trade, your account will breach the rule if your running trades exceed a floating loss of $2,500.
Daily Reset Timer: The Daily Loss Limit resets every day at 17:00 EST server time. You can always monitor the reset timer on your Hola Prime dashboard to see exactly when your daily loss limit resets. 
Max. Loss Limit
The Max. Loss Limit (also known as the Maximum Drawdown) is the ultimate safety net for your account. For Phase 1 and 2 Challenge Accounts, this limit is set at 10% (8% for $200k accounts) of the initial account balance. If your account balance or equity ever drops below the 90% (92% for $200K accounts) threshold of your initial balance, the account will be permanently closed.
The Formula: Max. Loss Limit = Initial Balance &ndash; (Initial Balance &times; 10%)
Example: The Standard "Floor"
You purchase a $100,000 2-Step Prime account.
Calculation: 10% of $100,000 is $10,000.
The "Floor": Your account equity or balance can never drop below $90,000 ($100,000 &ndash; $10,000).
Outcome: Whether it is day 1 or day 50, if your equity or balance falls below $90,000, the account is terminated.
Calculation Details: The rule states that the sum of the current floating PnL (Profit and Loss) and the realized PnL (Profit and Loss) on all closed positions must not hit the Max. Loss Limit.
2% Risk Rule (Funded & Direct Accounts)
Your risk per trade idea must not exceed 2% of your initial account balance.
This rule applies exclusively to Hola Prime (Sim. Funded) Accounts and Direct Accounts. It does not apply during the Challenge phase. A violation of this rule is considered a hard breach and will result in account termination.
Stop Loss Requirement
"Risk" refers to the maximum amount at stake on a trade or trade idea, determined by the stop-loss placement. A Stop Loss (SL) is mandatory on every trade.
- Only the risk taken matters, not the loss: If an SL is set within the 2% risk limit, any additional loss caused by price differences will not be considered in risk calculation.
- A floating or realized loss exceeding 2% on a trade or trade idea without an SL will be considered a breach.
- Failure to comply with this requirement constitutes a hard breach and result in account termination.
Once the stop loss requirement is met, risk is assessed based on the Single Trade Idea rule. This includes
- Layering / Splitting Positions
- 10-Minute Re-entry Rule
Layering/Splitting positions
If you open multiple positions on the same assets, same direction, with overlapping time (e.g., multiple "Buy" orders on EUR/USD), they are collectively treated as one single trade idea. This includes multiple entries opened and/or closed at different times.
Any continuous sequence or chain of such overlapping positions will also be treated as one single trade idea for risk calculation purposes.
The combined risk of all these positions cannot exceed the 2% limit. View Example ▾ 
The combined risk of all these positions cannot exceed the 2% limit. Hide Example ▴ 
Example &mdash; Splitting One Trade Idea into Multiple Overlapping Positions
INITIAL ACCOUNT BALANCE $100,000
MAXIMUM RISK PER TRADE IDEA 2% ($2,000)
TRADE
ASSET
TRADE DIRECTION
LOT SIZE
OPEN TIME (EST)
ENTRY PRICE
STOP LOSS
CLOSE TIME (EST)
EXIT PRICE
RISK
Trade 1
EUR/USD
Buy
0.50
15:00:00
1.14681
1.13681
15:25:00
1.14825
0.5%($500)
Trade 2
EUR/USD
Buy
0.30
15:03:00
1.14715
1.11382
15:49:00
1.14980
1.0%($1,000)
Trade 3
EUR/USD
Buy
0.20
15:07:00
1.14742
1.11742
15:36:00
1.14890
0.6%($600)
Risk per Trade Idea Assessment
As all three positions were opened on the same trading instrument, in the same direction, and were active simultaneously, they are classified as a single trade idea in accordance with the Risk per Trade Idea policy.
Total Risk Exposure (Trade 1 + Trade 2 + Trade 3):
0.5% + 1.0% + 0.6% = 2.1% ($2,100)
Compliance Outcome:
The combined risk exposure for this trade idea exceeded the maximum permitted limit of 2% ($2,000). Accordingly, this constitutes a hard breach of the Risk per Trade Idea policy.
The 10-Minute Re-entry Rule
If you close a position and then open a new one in the same direction on the same assets within 10 minutes, the system considers this a continuation of the same trade idea.
Any continuous sequence or chain of such closely timed positions will also be treated as one single trade idea for risk calculation purposes.
Their cumulative risk is tracked against the 2% limit. View Example ▾ 
Their cumulative risk is tracked against the 2% limit. Hide Example ▴ 
Example &mdash; Re-entering the Same Asset Within 10 Minutes
INITIAL ACCOUNT BALANCE $100,000
MAXIMUM RISK PER TRADE IDEA 2% ($2,000)
TRADE
ASSET
SIDE
LOT SIZE
OPEN TIME (EST)
ENTRY PRICE
STOP LOSS
CLOSE TIME (EST)
EXIT PRICE
RISK
Trade 1
XAU/USD
Buy
1.00
15:04:00
4024.73
4009.73
15:18:00
4031.20
1.5%($1,500)
Trade 2
XAU/USD
Buy
0.50
15:49:00
4032.10
4012.10
15:59:00
4038.65
1.0%($1,000)
Trade 3
XAU/USD
Buy
1.00
16:04:00
4039.25
4024.25
16:13:00
4045.10
1.5%($1,500)
Trade 4
XAU/USD
Buy
0.50
16:19:00
4045.80
4029.80
16:30:00
4052.30
0.8%($800)
Risk per Trade Idea Assessment
- Trade 2 was opened 31 minutes after Trade 1 had been closed. As the time gap exceeded 10 minutes, Trade 2 is classified as a new trade idea.
- Trade 3 was opened 5 minutes after Trade 2 had been closed. As it was executed on the same trading instrument, in the same direction, and within 10 minutes of the previous position being closed, it is considered a continuation of the same trade idea.
- Trade 4 was opened 6 minutes after Trade 3 had been closed. Since it was executed on the same trading instrument, in the same direction, and within 10 minutes, it is also considered a continuation of the same trade idea.
Total Risk Exposure (Trade 2 + Trade 3 + Trade 4):
1.0% + 1.5% + 0.8% = 3.3% ($3,300)
Compliance Outcome:
Although Trade 2 began a new trade idea, both Trade 3 and Trade 4 were opened within 10 minutes of the preceding trade being closed. Therefore, Trade 2, Trade 3, and Trade 4 are treated as a single trade idea.
Since the combined risk exposure for this trade idea is 3.3% ($3,300), exceeding the maximum permitted limit of 2% ($2,000), this constitutes a hard breach of the Risk per Trade Idea policy.
Layering Positions Followed by Re-entry Within 10 Minutes
This example demonstrates how overlapping positions and a subsequent re-entry within 10 minutes on the same asset and in the same direction are treated as a single trade idea.
The combined risk of all related positions must not exceed the 2% limit. View Example ▾ 
The combined risk of all related positions must not exceed the 2% limit. Hide Example ▴ 
Example &mdash; Layering Positions Followed by Re-entry Within 10 Minutes
INITIAL ACCOUNT BALANCE $100,000
MAXIMUM RISK PER TRADE IDEA 2% ($2,000)
TRADE
ASSET
TRADE DIRECTION
LOT SIZE
OPEN TIME (EST)
ENTRY PRICE
STOP LOSS
CLOSE TIME (EST)
EXIT PRICE
RISK
Trade 1
EUR/USD
Buy
0.50
15:00:00
1.14681
1.13681
15:25:00
1.14825
0.5%($500)
Trade 2
EUR/USD
Buy
0.30
15:03:00
1.14715
1.11382
15:49:00
1.14980
1.0%($1,000)
Trade 3
EUR/USD
Buy
0.20
15:54:00
1.14910
1.11910
16:10:00
1.15020
0.6%($600)
Risk per Trade Idea Assessment
Trade 1 and Trade 2 overlapped in time on the same trading instrument and in the same direction. Therefore, they are treated as a single trade idea.
Trade 3 was opened 5 minutes after Trade 2 was closed. Since it was executed on the same trading instrument, in the same direction, and within 10 minutes of closing Trade 2, it is considered a continuation of the same trade idea.
Total Risk Exposure (Trade 1 + Trade 2 + Trade 3):
0.5% + 1.0% + 0.6% = 2.1% ($2,100)
Compliance Outcome:
Trade 1 and Trade 2 are considered a single trade idea due to their overlapping duration. Trade 3 is treated as a continuation of the same trade idea, as it was opened within 10 minutes of closing Trade 2. Accordingly, all three trades are assessed as one continuous trade idea.
The combined risk exposure across these trades was 2.1% ($2,100), exceeding the maximum permitted Risk per Trade Idea limit of 2% ($2,000). This constitutes a hard breach of the Risk per Trade Idea policy.
Additional Guidelines
General risk management rules should always be followed, and traders should operate the account as if it were their own capital. Please refer to prohibited gambling behavior for further details.
*Using prohibited trading practices may result in a reduction of the risk limit to 1% as a preventive measure. Any such changes will be communicated via official channels.
Inactivity
Any trading account (challenge or Funded) inactive for consecutive 30 calendar days will be permanently suspended. A trading day refers to a day when at least one trade is opened as it counts towards an active trading day. Closing the trade, modifying the stop loss or take profit, or placing a pending order does not count as a trading day.
Example: If your last trade was opened on January 1st, you must open a new position by January 30th. If no activity occurs by January 31st, the account is breached due to inactivity.
Trading Rules - Additional Guidelines 
What is allowed in 2 Step Prime challenge and Funded accounts:
News Trading: In 2 Step Prime Accounts, there is no restriction for trading during any news hours, allowing traders to take advantage of market volatility and execute trades without restrictions during high-impact news events.
Weekend Holding: In 2 Step Prime Accounts, traders can trade 24x7, ensuring they remain in their positions without the need to close positions before the weekend.
Overnight Holding: Overnight holding of positions is permitted in 2 Step Prime Accounts, allowing traders to maintain their trades without interruption, giving them the flexibility to gain on long-term strategies and market trends that unfold beyond standard trading hours.
Passing Requirements
To successfully complete the 2 Step Prime Challenge and qualify for a Hola Prime (Sim. Funded) Account, you must meet all the following milestones. These are not "breach" rules but rather targets that must be reached to verify your trading performance.
Profit Target:
Achieve a specified profit targets to advance through the evaluation phases and gain access to a Hola Prime (Sim. Funded) Account:
- 
Phase 1: Traders need to earn a profit equal to 8% of the initial account balance.
- 
Phase 2: The profit target decreases to just 5% based on the initial account balance.
Example: For a trader starting with a $100,000 account size, they should aim for $8,000 profit in Phase 1 and $5,000 profit in Phase 2, while ensuring compliance with drawdown rules, to access the Hola Prime (Sim. Funded) Account.
Minimum Trading Days (3 Days):
You are required to achieve the profit target while following all other rules and trading for a minimum of 3 days in the challenge phase.
Example:
- 
Monday (Day 1): You open two trades on EUR/USD, reaching a total realized profit of $3,500.
- 
Tuesday (Day 2): You open three trades on EUR/USD, reaching an additional realized profit of $2,500.
- 
Wednesday (Day 3): You open two trades on EUR/USD, reaching an additional profit of $2,700.
Result: Requirement Met. By placing a trade on a third calendar day, you have fulfilled the 3-day minimum.
Rewards
1. Industry-Leading Profit Splits up to 95%
At Hola Prime, we empower traders with choice and flexibility in their payout cycles with no extra fees attached!
To qualify for a payout, the trader must meet the following profitability requirements:
- 
Bi-weekly Cycle: Requires a minimum of 3 profitable trading days within a 14-day period to receive an 80% profit-split.
- 
Monthly Cycle: Requires a minimum of 7 profitable trading days within a 30-day period to receive a 95% profit-split.
What is a Profitable Trading Day?
A profitable trading day is defined as a day when closed positions generate a net profit of at least 0.5% of the initial account balance.
- 
Example: For an account with an initial balance of $100,000, a day is considered profitable if you close the day with a minimum of $500 in net profit ($100,000 &times; 0.005 = $500).
- 
Calculation: Positive profit is calculated as: EOD Balance or EOD Equity (whichever is lower) &minus; Previous Day Closing Balance.
2. On-Demand Payouts
Traders can request On-Demand Payouts with an 80% profit split, subject to the following conditions:
Consistency Requirement: Traders must maintain a Consistency Score of up to 40%. This means your biggest winning day cannot exceed 40% of the total profits on the account.
- 
Formula: Consistency Score % = (Biggest Winning Day / Current Total Account Profit) &times; 100
- 
Example: If your highest daily profit is $11,250 and your total profit is $25,000, your score is 45%. You must continue trading to earn a total profit of at least $28,125 to bring the score down to 40%.
Minimum Profit Required: A minimum total profit of 2% of the initial account balance is required to be eligible for payout.
- 
Example: On a $100,000 account, you must have at least $2,000 in total profit to request an on-demand payout.
3. Flexible & Fast Payouts
You&rsquo;ve done the hard work&mdash;now it&rsquo;s time to enjoy the results. We offer a variety of seamless payout options designed to put your profits in your hands as quickly and efficiently as possible.
- 
Bank Wire & Cryptocurrencies: Minimum $50 (excluding firm&rsquo;s share) Supported Crypto: BTC, USDC, ETH, USDT (ERC-20 & TRC-20).
- 
Rise: Minimum $500 (excluding firm&rsquo;s share), supports bank & crypto payouts.
Payout Processing Fee: A 2.5% payout processing fee applies to all payment methods, subject to a minimum fee of $25 for Rise and Bank Wire and $5 for Crypto.
4. 100% Challenge Fee Refund
When you successfully pass the 2 Step Prime Challenge, you will receive a 100% refund of your challenge fee. The refund will be processed with your 4th successful payout and will apply only to the same account from which the qualifying payouts were generated.
Example: If your initial challenge fee was $120, the full $120 refund will be processed with your 4th successful payout.
Note: The 100% refund applies only to the challenge fee. Any fees paid for add-ons will not be refunded.
The Trading Ecosystem
Traders typically pay a commission for using a prop firm&rsquo;s funds and platforms. This fee is deducted from simulated profits before the split between the trader and the firm.
Hola Prime ensures a seamless trading experience with low commission rates. This allows traders to maximize their simulated profits while maintaining transparency and fairness in trading costs. Here is the detailed commission structure:
- 
Forex & Commodities (Gold)- $ 3 per lot per side
- 
Other Commodities &ndash; $1.5 per lot per side
- 
Indices and Cryptos - Zero Commission
Trading Platform
You can choose among the best trading platforms- MT5, Match Trader, Trade-Locker, and CTrader platforms.
Note: Match Trader and TradeLocker will be available exclusively to clients in the US and UK.
Tradable Instruments: You can trade Forex, Crypto, Indices, and commodities with tight spreads on all our trading platforms.
Instrument-Wise Leverage
The leverage that will be applied on 2-Step prime account will be:
Forex: 50:1
Exotics: 5:1
Commodities: 2:1
Indices: 10:1
Metals: 10:1
Crypto: 1:1

Question 4

Hola Prime 2-Step Fly Challenge

Accepted Answer

Overview
The Hola Prime 2-Step Fly challenge consists of two phases that must be completed to become a Hola Prime trader and gain access to a Hola Prime Sim. Funded Account. After purchasing the account, traders will straightaway receive their login credentials via email, which can also be viewed through the &lsquo;Account Overview&rsquo; tab on the dashboard by clicking the &lsquo;Key&rsquo; icon.
- 
Phase 1: Demonstrate your ability to reach the profit target while managing risk.
- 
Phase 2: Confirm your consistency to prove your performance wasn&rsquo;t just a one-time event.
- 
Sim. Funded Account: Trade with an 80% profit split and request payouts daily, any number of times.
Each stage has its own set of rules, explained in the sections below.
Phase 1 Rules
Passing Requirements
Profit Target (8%): Traders need to earn a profit equal to 8% of the initial account balance.
Example: On a $100,000 account, you need $8,000 in profit to pass Phase 1, while staying within the loss limits.
Minimum Trading Days (3 Days): You must reach the profit target while trading for a minimum of 3 days in Phase 1.
Hard Breach Rules
A hard breach is a critical violation of core risk management rules that leads to the immediate and permanent termination of the trading account.
Daily Loss Limit (3%): The maximum amount you can lose in a single day is 3% of the previous day&rsquo;s closing balance.
The Formula: Daily Loss Limit = Previous Day&rsquo;s Closing Balance &minus; (Previous Day&rsquo;s Closing Balance &times; 3%)
Calculation: The loss for the day is the sum of your current floating PnL plus the total PnL of closed trades for that day.
- 
Example 1 (100k Account): Assume your initial account balance is $100,000. The Daily Loss Limit is 3%, which equals $3,000. This means your equity or balance cannot fall below $97,000 ($100,000 &minus; $3,000) at any time during the day.
- 
Example 2 (Intraday Profit): If at the end of Day 2, your account&rsquo;s closing balance is $105,000, then the loss limit for Day 3 would be $3,150 ($105,000 &times; 3%). This means your equity on Day 3 can&rsquo;t go below $101,850. If during the day you make a profit of $2,000, then the allowable loss for that day increases to $5,150 ($3,150 + $2,000).
- 
Example 3 (Floating Loss): You have a $105,000 trading account with a $3,150 daily limit. If you realize a closed loss of $2,000 and then initiate another trade, your account will breach the rule if your running trades exceed a floating loss of $1,150.
Daily Reset Timer: The Daily Loss Limit resets every day at 17:00 EST server time. You can always monitor the reset timer on your Hola Prime dashboard.
Max. Loss Limit (6%, static): Your account equity or balance can never drop below 94% of your initial account balance. The limit does not move, regardless of profits.
The Formula: Max. Loss Limit = Initial Balance &minus; (Initial Balance &times; 6%)
Example: On a $100,000 account, 6% is $6,000, so your equity or balance can never drop below $94,000. Whether it is day 1 or day 50, if your equity or balance falls below $94,000, the account is terminated.
Calculation Details: The sum of the current floating PnL and the realized PnL on all closed positions must not hit the Max. Loss Limit.
News Trading (Restricted): Traders can hold trades at any time but must not execute (open or close) any trade on instruments affected by high-impact news from 5 minutes before to 5 minutes after the release. This includes market execution as well as pending orders, including stop-loss and take-profit orders. Instruments affected only by low- and medium-impact news can be traded normally. Executing a trade during the restricted window is a hard breach and results in permanent account termination.
Note: It may take up to 24 business hours for your Phase 2 account to be ready. You will be notified as soon as it is enabled and ready to trade.
Phase 2 Rules
Passing Requirements
Profit Target (8%): Traders need to earn a profit equal to 8% of the initial account balance.
Example: On a $100,000 account, you need $8,000 in profit to pass Phase 2, while staying within the loss limits.
Minimum Trading Days: There is no minimum trading day requirement in Phase 2.
Consistency Rule (40%): Your Consistency Score must be 40% or lower when you reach the profit target. This means your biggest winning day cannot exceed 40% of the total profit on the account.
Formula: Consistency Score (%) = (Biggest Winning Day / Current Total Account Profit) &times; 100
Example: On a $100,000 account, the Phase 2 target is $10,000. If your biggest winning day is $5,000 and your total profit is $10,000, your score is 50%. You must continue trading until your total profit reaches at least $12,500 to bring the score down to 40%.
Hard Breach Rules
Daily Loss Limit (3%): Same as Phase 1. Your daily loss cannot exceed 3% of the previous day&rsquo;s closing balance, and the limit resets every day at 17:00 EST server time.
Max. Loss Limit (6%, static): Same as Phase 1. Your account equity or balance can never drop below 94% of your initial account balance (for example, $94,000 on a $100,000 account).
News Trading (Restricted): Same as Phase 1. Executing a trade on an affected instrument within 5 minutes before or after a high-impact news release is a hard breach and results in permanent account termination.
Next Steps After Passing Phase 2
Once you hit your profit target in Phase 2, the transition to your Sim Funded Account involves a standard verification process:
- 
Risk Review: Our Risk Team will promptly conduct a review of your entire challenge phase to ensure all rules were followed. The review might take up to 24 business hours.
- 
KYC & Agreements: In the meantime, you can upload your documents for KYC and sign your contract under the &ldquo;Agreements&rdquo; tab.
- 
Account Issuance: After the review is finalized, you will receive the credentials for your official Hola Prime Sim Funded Account.
Sim. Funded Account Rules
Once you successfully pass the review and KYC process, you will be offered the opportunity to trade on the Hola Prime Sim Funded Account and begin earning daily payouts.
Hard Breach Rules
Max. Loss Limit (5%, intraday trailing and locks at 3% below initial balance): The Max. Loss Limit is 5% of your initial account balance and trails based on the highest equity reached during the day. Whenever your account equity reaches a new high, your Max. Loss Limit moves up accordingly. This adjustment happens in real time, even if the floating profit has not been realised by closing the trade. Once the Max. Loss Limit reaches 3% below your initial account balance, it locks at that level and stops trailing. The limit never moves down.
- 
Example 1 (Gradual Floating Profits): Your account starts with an equity of $100,000. An open trade generates $1,000 in floating profit, taking your equity to $101,000. Your Max. Loss Limit moves up to $96,000 ($101,000 &minus; $5,000). Later, your equity reaches $102,000 due to additional floating profits, moving the limit to $97,000. The limit is now locked. Even if your equity increases further to $104,000 or $105,000, the limit remains at $97,000.
- 
Example 2 (Losing Trades): Your account starts with an equity of $100,000. During the day, your trades incur losses, and your equity falls to $99,000 and then $97,000. Since your equity has not reached a new high, the Max. Loss Limit remains at $95,000. You have $2,000 of room before a breach.
- 
Example 3 (Big Floating Profit, Then Losses): Your account starts with an equity of $100,000. An open trade generates $6,000 in floating profit, taking your equity to $106,000. The calculated Max. Loss Limit would be $101,000, but the limit cannot move above $97,000. Therefore, it locks at $97,000. If your open trades subsequently incur floating losses and your equity drops to $100,000, the limit remains at $97,000, leaving you with $3,000 of room before a breach.
- 
Example 4 (Intraday Breach): Your account reaches an equity high of $101,000 due to floating profits on open trades. Your Max. Loss Limit moves up to $96,000 ($101,000 &minus; $5,000). Later, your open trades incur floating losses, and your equity drops to $95,800. Since your equity has fallen below the applicable Max. Loss Limit of $96,000, your account is breached, even though the trades have not been closed.
Trading Rules
Lot Limit: The maximum position size is capped at 5 lots per order, with no restriction on the total number of trades.
For instance: You can place order for 20 lots of any instrument overall in same direction. However, you will need to place these in groups of 5 lots per trade. But you will be able to place only 5 lots in a single order. This is to reduce any execution issues associates with larger lot sizes.
News Trading (Allowed): There is no restriction on trading during high-impact news events and traders can freely trade news.
Rules for All Phases
These rules apply equally to Phase 1, Phase 2 and the Sim. Funded Account.
Inactivity: Any trading account (challenge or Funded) inactive for consecutive 30 calendar days will be permanently suspended. A trading day refers to a day when at least one trade is opened as it counts towards an active trading day. Closing the trade, modifying the stop loss or take profit, or placing a pending order does not count as a trading day.
Example: If your last trade was opened on January 1st, you must open a new position by January 30th. If no activity occurs by January 31st, the account is breached due to inactivity.
Weekend Holding: All trades must be closed before 15:45 EST on Friday. Any open trades will be automatically closed, and the account will be permanently terminated.
Overnight Holding: Positions can be held overnight without interruption.
Payouts (Sim. Funded Account)
80% Profit Split with Anytime Payouts: Traders receive an 80% profit split and can request payouts daily any number of times, with no additional payout conditions beyond the minimum withdrawal amount.
Minimum Withdrawal:
- 
Accounts below $50,000: 1% of the starting balance
- 
Accounts of $50,000 and above: 0.5% of the starting balance
Example: On a $25,000 account, the minimum withdrawal is $250. On a $100,000 account, the minimum withdrawal is $500.
Capital Allocation: A maximum capital allocation of $400,000 applies to Sim. Funded Accounts.
Payout Methods:
- 
Bank Wire & Cryptocurrencies: Minimum $50 (excluding firm&rsquo;s share)
- 
Supported Crypto: BTC, USDC, ETH, USDT (ERC-20 & TRC-20)
- 
Rise: Minimum $500 (excluding firm&rsquo;s share), supports bank & crypto payouts
Payout Processing Fee: A 2.5% payout processing fee applies to all payment methods, subject to a minimum fee of $25 for Rise and Bank Wire and $5 for Crypto.
Trading Ecosystem
Commission:
- 
Phase 1 and Phase 2: Forex & Commodities (Gold): $3 per lot per side; Other Commodities: $1.5 per lot per side; Indices: Zero Commission.
- 
Sim Funded Account: $8 per lot round trip for Forex, Oil, Indices, and Gold/Silver.
Spreads:
- 
Phase 1 and Phase 2: Standard spreads apply.
- 
Sim Funded Account: Spread starts from 0.5 pips
Trading Platform: The 2-Step Fly Challenge is available on Matchtrader, MT5 and TradeLocker.
Tradable Instruments: You can trade Forex, Indices, and Commodities on all our trading platforms.
Note - Cryptocurrency trading is not available on 2-Step Fly accounts. Indices not available on MatchTrader (Fly accounts).
Leverage: The leverage that will be applied on 2-Step Fly account will be:
Forex: 50:1
Exotics: 5:1
Commodities: 2:1
Indices: 10:1
Metals: 10:1
Risk Limit: There is no risk-per-trade idea rule on your 2 Step Fly account in both challenge and Sim. Funded stages. You are free to determine how much risk you wish to take on each trade based on your individual trading strategy, market analysis, and risk appetite. This flexibility allows you to manage your positions according to your preferred trading approach without being subject to a predefined risk limit per trade. However, it is important to remember that all trading involves risk, and your potential losses will depend on your trading decisions, market movements, and available account balance.
Note: The Sim. Funded Account operates in a simulated trading environment, and transactions may or may not be placed with an external exchange, broker or liquidity provider
For a complete overview of Prohibited Trading Practices applicable to the 2-Step Fly (Challenge Account), please refer to this link.

Question 5

Hola Prime 1-Step Fly Challenge

Accepted Answer

Overview
The Hola Prime 1-Step Fly Challenge consists of a single evaluation phase that must be successfully completed to become eligible for a Hola Prime Sim. Funded Account. After purchasing the account, traders will receive their login credentials via email, which can also be viewed through the &lsquo;Account Overview&rsquo; tab on the dashboard by clicking the &lsquo;Key&rsquo; icon.
Phase 1 Rules
Passing Requirements
Profit Target (10%): Traders need to earn a profit equal to 10% of the initial account balance to pass the Challenge Phase.
Example: On a $100,000 account, you need to generate $10,000 in profit to pass Phase 1 while staying within the applicable loss limits.
Minimum Trading Days: There is no minimum trading-day requirement. Traders only need to achieve the required profit target while complying with all applicable trading rules.
Hard Breach Rules
Daily Loss Limit (3%): The maximum amount you can lose in a single day is 3% of the previous day&rsquo;s closing balance.
The Formula: Daily Loss Limit = Previous Day&rsquo;s Closing Balance &minus; (Previous Day&rsquo;s Closing Balance &times; 3%)
Calculation: The loss for the day is the sum of your current floating PnL plus the total PnL of closed trades for that day.
- 
Example 1 (100k Account): Assume your initial account balance is $100,000. The Daily Loss Limit is 3%, which equals $3,000. This means your equity or balance cannot fall below $97,000 ($100,000 &minus; $3,000) at any time during the day.
- 
Example 2 (Intraday Profit): If at the end of Day 2, your account&rsquo;s closing balance is $105,000, then the loss limit for Day 3 would be $3,150 ($105,000 &times; 3%). This means your equity on Day 3 cannot go below $101,850. If during the day you make a profit of $2,000, then the allowable loss for that day increases to $5,150 ($3,150 + $2,000).
- 
Example 3 (Floating Loss): You have a $105,000 trading account with a $3,150 daily loss limit. If you realise a closed loss of $1,500 and then initiate another trade, your account will breach the rule if your running trades exceed a floating loss of $1,650 ($3,150 &minus; $1,500).
Daily Reset Timer: The Daily Loss Limit resets every day at 17:00 EST server time. You can always monitor the reset timer on your Hola Prime dashboard.
Max. Loss Limit (5%, static): Your account equity or balance can never drop below 95% of your initial account balance. The limit remains fixed throughout the Challenge Phase, regardless of any profits generated.
Example: On a $100,000 account, 5% equals $5,000. Therefore, your equity or balance must never fall below $95,000. Whether it is Day 1 or Day 50, if your equity or balance falls below $95,000, the account is terminated.
Consistency Rule (40%): A 40% Consistency Rule applies during the Challenge Phase. Your biggest winning day cannot exceed 40% of your total account profit when reaching the profit target.
Formula: Consistency Score (%) = (Biggest Winning Day / Current Total Account Profit) &times; 100
News Trading (Restricted): News Trading is not allowed during the Challenge Phase. Traders must not execute trades during restricted high-impact news events, in accordance with the applicable news trading rules.
Note: It may take up to 24 business hours for your Phase 2 account to be ready. You will be notified as soon as it is enabled and ready to trade.
Sim. Funded Account Rules
Once you successfully pass the Challenge Phase and complete the required review and KYC process, you will be eligible to receive your Hola Prime Sim. Funded Account and start earning payouts.
Max. Loss Limit (4%, Intraday Equity Trailing): The Maximum Loss Limit is 4% of the initial account balance and follows an intraday equity-based trailing mechanism. It adjusts according to the highest equity reached, including floating profits from open trades.
The Maximum Loss Limit continues to trail as your account reaches new equity highs. Once it reaches the initial account balance, it locks at that level and stops trailing permanently. The limit never moves downward.
- 
Example 1 (100K Account &ndash; Initial Limit): Assume your initial account balance is $100,000. The Maximum Loss Limit is 4%, which equals $4,000. Therefore, the initial breach threshold is $96,000 ($100,000 &minus; $4,000). If your account equity falls below $96,000 at any time, the account will breach the Maximum Loss Limit.
- 
Example 2 (Intraday Profit &ndash; Trailing Adjustment): Assume your account starts with $100,000 and reaches an equity high of $102,000, including floating profits from open trades. The Maximum Loss Limit adjusts to $98,000 ($102,000 &minus; $4,000). If your equity subsequently falls below $98,000, the account will breach the rule. The trailing threshold adjusts whenever a new equity high is reached.
- 
Example 3 (Limit Locks at Initial Balance): Assume your account starts with $100,000 and reaches an equity high of $104,000. The Maximum Loss Limit adjusts to $100,000 ($104,000 &minus; $4,000). At this point, the limit locks at the initial account balance and stops trailing permanently. Even if your equity later reaches $110,000, the breach threshold remains fixed at $100,000. It will never move downward or trail further upward.
Example &ndash; Static MLL (3% &ndash; $100K Account):
Assume your initial account balance is $100,000. The Static Maximum Loss Limit is 3% of the initial balance, which equals $3,000. Therefore, the breach threshold is set at $97,000 ($100,000 &minus; $3,000).
Unlike the intraday trailing mechanism, the Static MLL does not adjust with changes in account equity or profits. Once your account equity reaches $100,000, the Maximum Loss Limit locks at the initial account balance of $100,000 and remains fixed permanently. Even if your account equity increases to $105,000 or $110,000, the breach threshold will remain at $100,000. If your equity falls below this threshold at any time, the account will breach the Maximum Loss Limit.
Note: Hola Prime offers two variants of the 1-Step Fly Challenge. Traders can choose between the 1-Step Fly (Intraday Trailing Max. loss limit ) and 1-Step Fly (Static Max. loss Limit) plans at the time of purchase. The primary difference between these plans is the Maximum Loss Limit mechanism applicable to the Sim Live Account.
- 
Intraday Trailing MLL: 4% intraday equity-based trailing drawdown.
- 
Static MLL: 3% static drawdown.
All other applicable trading rules and conditions will remain the same.
Trading Rules
Lot Limit: The maximum position size is capped at 5 lots per order, with no restriction on the total number of trades.
For instance: You can place order for 20 lots of any instrument overall in same direction. However, you will need to place these in groups of 5 lots per trade. But you will be able to place only 5 lots in a single order. This is to reduce any execution issues associates with larger lot sizes.
Expert Advisor (EA) Add-On: EA functionality is available as an optional add-on at the time of account purchase, subject to an additional 20% fee on the account purchase price. VPS usage is permitted only for accounts with the EA add-on activated.
News Trading (Allowed): There is no restriction on trading during high-impact news events and traders can freely trade news.
Payouts (Sim. Funded Account)
70% Profit Split with Anytime Payouts: Traders receive a fixed 70% profit split and can request payouts through the Anytime Payout facility, subject to the applicable payout requirements.
Minimum Profit Buffer (0.5%): A minimum profit buffer of 0.5% of initial balance is mandatory before submitting a payout request.
Trading Ecosystem
Commission:
- 
Sim. Funded Account: $8 per lot across all instruments.
Spreads:
- 
Sim. Funded Account: A spread markup of 5 points per instrument applies.
Trading Platform: The 1-Step Fly Challenge is available on Matchtrader, MT5 and TradeLocker.
Tradable Instruments: You can trade Forex, Indices, and Commodities on all our trading platforms.
Note - Cryptocurrency trading is not available on 1-Step Fly accounts. Indices not available on MatchTrader (Fly accounts).
Leverage: The leverage that will be applied on 1-Step Fly account will be:
Forex: 50:1
Exotics: 5:1
Commodities: 2:1
Indices: 10:1
Metals: 10:1

Question 6

Hola Prime Direct Account

Accepted Answer

Direct Account
The Hola Prime Direct model has no evaluation phase, which means you can become a Hola Prime trader immediately after signing up. After purchasing the account, traders will straightaway receive their login credentials via email, which can also be viewed through the &lsquo;Account Overview&rsquo; tab on the dashboard by clicking the &lsquo;Key&rsquo; icon.
Next Steps After Starting the Journey
Once you begin trading, the transition to securing your payouts involves a standard verification process:
- 
KYC & Agreements: You must upload your documents for KYC and sign your contract under the &ldquo;Agreements&rdquo; tab immediately after purchasing the account in order to get the account enabled for trading.
- 
Account Standing: If any rules are breached, the account will be permanently suspended; however, traders may purchase a new account at any time.
The Direct Model:
These accounts are designed to test your ability to achieve goals while showing disciplined risk management from day one. This model is best suited for professional traders who do not want to wait for evaluation phases. To succeed, it is important to have a flexible trading system and a strong risk management strategy.
The Hola Prime (Sim. Funded) Account
Get access to the account as soon as you purchase it, complete the KYC process and Agreement signing immediately to get the Hola Prime (Sim. Funded) Account enabled for trading, start trading from day 1, and begin earning through biweekly payouts. 
Trading Rules - Account Violations (Hard Breach)
A hard breach is a critical violation of core risk management rules that leads to the immediate and permanent termination of the trading account.
Daily Loss Limit
The Daily Loss Limit is the maximum amount you can lose in a single day. For the Direct Account, this is set at 3% of the previous day&rsquo;s closing balance. Violating this rule is a hard breach and will lead to the permanent closure of your account.
The Formula: Daily Loss Limit = Previous Day's Closing Balance - (Previous Day's Closing Balance &times; 3%)
Calculation: The loss for the day is the sum of your current floating PnL plus the total PnL of closed trades for that day.
The Formula
Daily Loss Limit = (Previous Day&rsquo;s Closing Balance &times; 3%)
Example 1: Setting the Daily Limit
Starting Balance = $110,000
- 
Scenario: At the end of Day 2, your closing balance is $110,000.
- 
Calculation: 3% of $110,000 is $3,300.
- 
The Limit: On Day 3, your equity can never drop below $106,700 ($110,000 &ndash; $3,300).
- 
Outcome: If your account equity or balance falls below $106,700 at any moment, the account is terminated.
Example 2: Impact of Intraday Profit
Starting Balance = $110,000
- 
Scenario: You start Day 3 with a $3,300 limit, but you make an intraday profit of $7,000.
- 
New Allowance: Your allowable loss for that day increases to $10,300 ($3,300 base limit + $7,000 profit).
- 
The Rule: This allows you more breathing room during the day, provided your equity stays above the breach level.
Example 3: Realized vs. Floating Loss
Starting Balance = $110,000
- 
Scenario: You realize a loss of $2,000 during the day and then open a new trade.
- 
Calculation: You have $1,300 of your daily limit remaining ($3,300 total &ndash; $2,000 already lost).
- 
The Breach: If your new running trade reaches a floating loss of $1,300, your account will breach the daily limit.
- 
Important: The rule applies to both realized losses and floating (open) losses combined within a single trading day.
Daily Reset Timer: The Daily Loss Limit resets every day at 17:00 EST server time. You can always monitor the reset timer on your Hola Prime dashboard to see exactly when your daily loss limit resets.
Max. Loss Limit (Trailing):
The Max. Loss Limit (Trailing) is the amount your account's equity or balance can't go below. For Direct Accounts, this limit is set at 7% of your initial account balance. This 7% trails the High Water Mark until the trader reaches 7% profits in the account. Once they have achieved 7% profit in the account, the max trailing lock in at the starting balance and no longer trails the account.
The Formula
Max. Loss Limit (Trailing) = High Water Mark &ndash; (Initial Balance &times; 7%)
Example 1: Initial Setup
Starting Balance = $100,000
- 
Calculation: 7% of $100,000 is $7,000.
- 
The Limit: Your account equity or balance can never drop below $93,000 ($100,000 &ndash; $7,000).
Example 2: The Moving High Water Mark
Starting Balance = $100,000
- 
Scenario: Your previous day&rsquo;s end-of-day balance reaches $102,000 (New High Water Mark).
- 
New Limit: Your max trailing drawdown moves up to $95,000 ($102,000 &ndash; $7,000).
Important: If you then close a trade with a $1,000 loss and your balance drops to $101,000, your limit remains at $95,000 because the drawdown trails the peak (High Water Mark), not the current balance.
Example 3: Locking at Initial Balance
Starting Balance = $100,000
- 
Scenario: Your previous day&rsquo;s end-of-day balance reaches $107,000 (7% growth).
- 
Locked Limit: Your max trailing drawdown is now locked at your starting balance of $100,000.
- 
Outcome: Whether it is day 1 or day 50, if your equity or balance falls below $100,000, the account is terminated.
2% Risk Rule (Funded & Direct Accounts)
Your risk per trade idea must not exceed 2% of your initial account balance.
This rule applies exclusively to Hola Prime (Sim. Funded) Accounts and Direct Accounts. It does not apply during the Challenge phase. A violation of this rule is considered a hard breach and will result in account termination.
Stop Loss Requirement
"Risk" refers to the maximum amount at stake on a trade or trade idea, determined by the stop-loss placement. A Stop Loss (SL) is mandatory on every trade.
- Only the risk taken matters, not the loss: If an SL is set within the 2% risk limit, any additional loss caused by price differences will not be considered in risk calculation.
- A floating or realized loss exceeding 2% on a trade or trade idea without an SL will be considered a breach.
- Failure to comply with this requirement constitutes a hard breach and result in account termination.
Once the stop loss requirement is met, risk is assessed based on the Single Trade Idea rule. This includes
- Layering / Splitting Positions
- 10-Minute Re-entry Rule
Layering/Splitting positions
If you open multiple positions on the same assets, same direction, with overlapping time (e.g., multiple "Buy" orders on EUR/USD), they are collectively treated as one single trade idea. This includes multiple entries opened and/or closed at different times.
Any continuous sequence or chain of such overlapping positions will also be treated as one single trade idea for risk calculation purposes.
The combined risk of all these positions cannot exceed the 2% limit. View Example ▾ 
The combined risk of all these positions cannot exceed the 2% limit. Hide Example ▴ 
Example &mdash; Splitting One Trade Idea into Multiple Overlapping Positions
INITIAL ACCOUNT BALANCE $100,000
MAXIMUM RISK PER TRADE IDEA 2% ($2,000)
TRADE
ASSET
TRADE DIRECTION
LOT SIZE
OPEN TIME (EST)
ENTRY PRICE
STOP LOSS
CLOSE TIME (EST)
EXIT PRICE
RISK
Trade 1
EUR/USD
Buy
0.50
15:00:00
1.14681
1.13681
15:25:00
1.14825
0.5%($500)
Trade 2
EUR/USD
Buy
0.30
15:03:00
1.14715
1.11382
15:49:00
1.14980
1.0%($1,000)
Trade 3
EUR/USD
Buy
0.20
15:07:00
1.14742
1.11742
15:36:00
1.14890
0.6%($600)
Risk per Trade Idea Assessment
As all three positions were opened on the same trading instrument, in the same direction, and were active simultaneously, they are classified as a single trade idea in accordance with the Risk per Trade Idea policy.
Total Risk Exposure (Trade 1 + Trade 2 + Trade 3):
0.5% + 1.0% + 0.6% = 2.1% ($2,100)
Compliance Outcome:
The combined risk exposure for this trade idea exceeded the maximum permitted limit of 2% ($2,000). Accordingly, this constitutes a hard breach of the Risk per Trade Idea policy.
The 10-Minute Re-entry Rule
If you close a position and then open a new one in the same direction on the same assets within 10 minutes, the system considers this a continuation of the same trade idea.
Any continuous sequence or chain of such closely timed positions will also be treated as one single trade idea for risk calculation purposes.
Their cumulative risk is tracked against the 2% limit. View Example ▾ 
Their cumulative risk is tracked against the 2% limit. Hide Example ▴ 
Example &mdash; Re-entering the Same Asset Within 10 Minutes
INITIAL ACCOUNT BALANCE $100,000
MAXIMUM RISK PER TRADE IDEA 2% ($2,000)
TRADE
ASSET
SIDE
LOT SIZE
OPEN TIME (EST)
ENTRY PRICE
STOP LOSS
CLOSE TIME (EST)
EXIT PRICE
RISK
Trade 1
XAU/USD
Buy
1.00
15:04:00
4024.73
4009.73
15:18:00
4031.20
1.5%($1,500)
Trade 2
XAU/USD
Buy
0.50
15:49:00
4032.10
4012.10
15:59:00
4038.65
1.0%($1,000)
Trade 3
XAU/USD
Buy
1.00
16:04:00
4039.25
4024.25
16:13:00
4045.10
1.5%($1,500)
Trade 4
XAU/USD
Buy
0.50
16:19:00
4045.80
4029.80
16:30:00
4052.30
0.8%($800)
Risk per Trade Idea Assessment
- Trade 2 was opened 31 minutes after Trade 1 had been closed. As the time gap exceeded 10 minutes, Trade 2 is classified as a new trade idea.
- Trade 3 was opened 5 minutes after Trade 2 had been closed. As it was executed on the same trading instrument, in the same direction, and within 10 minutes of the previous position being closed, it is considered a continuation of the same trade idea.
- Trade 4 was opened 6 minutes after Trade 3 had been closed. Since it was executed on the same trading instrument, in the same direction, and within 10 minutes, it is also considered a continuation of the same trade idea.
Total Risk Exposure (Trade 2 + Trade 3 + Trade 4):
1.0% + 1.5% + 0.8% = 3.3% ($3,300)
Compliance Outcome:
Although Trade 2 began a new trade idea, both Trade 3 and Trade 4 were opened within 10 minutes of the preceding trade being closed. Therefore, Trade 2, Trade 3, and Trade 4 are treated as a single trade idea.
Since the combined risk exposure for this trade idea is 3.3% ($3,300), exceeding the maximum permitted limit of 2% ($2,000), this constitutes a hard breach of the Risk per Trade Idea policy.
Layering Positions Followed by Re-entry Within 10 Minutes
This example demonstrates how overlapping positions and a subsequent re-entry within 10 minutes on the same asset and in the same direction are treated as a single trade idea.
The combined risk of all related positions must not exceed the 2% limit. View Example ▾ 
The combined risk of all related positions must not exceed the 2% limit. Hide Example ▴ 
Example &mdash; Layering Positions Followed by Re-entry Within 10 Minutes
INITIAL ACCOUNT BALANCE $100,000
MAXIMUM RISK PER TRADE IDEA 2% ($2,000)
TRADE
ASSET
TRADE DIRECTION
LOT SIZE
OPEN TIME (EST)
ENTRY PRICE
STOP LOSS
CLOSE TIME (EST)
EXIT PRICE
RISK
Trade 1
EUR/USD
Buy
0.50
15:00:00
1.14681
1.13681
15:25:00
1.14825
0.5%($500)
Trade 2
EUR/USD
Buy
0.30
15:03:00
1.14715
1.11382
15:49:00
1.14980
1.0%($1,000)
Trade 3
EUR/USD
Buy
0.20
15:54:00
1.14910
1.11910
16:10:00
1.15020
0.6%($600)
Risk per Trade Idea Assessment
Trade 1 and Trade 2 overlapped in time on the same trading instrument and in the same direction. Therefore, they are treated as a single trade idea.
Trade 3 was opened 5 minutes after Trade 2 was closed. Since it was executed on the same trading instrument, in the same direction, and within 10 minutes of closing Trade 2, it is considered a continuation of the same trade idea.
Total Risk Exposure (Trade 1 + Trade 2 + Trade 3):
0.5% + 1.0% + 0.6% = 2.1% ($2,100)
Compliance Outcome:
Trade 1 and Trade 2 are considered a single trade idea due to their overlapping duration. Trade 3 is treated as a continuation of the same trade idea, as it was opened within 10 minutes of closing Trade 2. Accordingly, all three trades are assessed as one continuous trade idea.
The combined risk exposure across these trades was 2.1% ($2,100), exceeding the maximum permitted Risk per Trade Idea limit of 2% ($2,000). This constitutes a hard breach of the Risk per Trade Idea policy.
Additional Guidelines
General risk management rules should always be followed, and traders should operate the account as if it were their own capital. Please refer to prohibited gambling behavior for further details.
*Using prohibited trading practices may result in a reduction of the risk limit to 1% as a preventive measure. Any such changes will be communicated via official channels.
News Trading
News trading is not allowed in Hola Prime (Sim. Funded) Accounts issued under the Direct Model.
- 
Execution Window: Traders are not allowed to execute (open or close) any trade on instruments affected by high-impact news during the window starting 5 minutes before and ending 5 minutes after the news release.
- 
Included Actions: This restriction includes market execution and all pending orders, such as Stop Loss (SL) and Take Profit (TP) orders.
- 
Holding Positions: You may hold existing trades on affected instruments if they were opened more than 5 minutes before the news release.
- 
Violations: If an SL or TP is triggered within the restricted 10-minute window, it is considered a violation of the Hola Prime Agreement and will lead to account closure.
- 
Non-Targeted Instruments: Instruments affected only by low or medium-impact news can be traded normally.
Weekend Holding
Holding trades over the weekend is strictly prohibited for Direct Model accounts.
- 
Hard Breach: Keeping trades open over the weekend is considered a hard breach for the Direct model.
- 
Deadline: All trades must be closed before 15:45 EST on Friday.
- 
Automatic Action: Any trades remaining open past this deadline will be automatically closed by the system, and the account will be terminated.
Inactivity
Any trading account inactive for consecutive 30 calendar days will be permanently suspended. A trading day refers to a day when at least one trade is opened as it counts towards an active trading day. Closing the trade, modifying the stop loss or take profit, or placing a pending order does not count as a trading day.
Example: If your last trade was opened on January 1st, you must open a new position by January 30th. If no activity occurs by January 31st, the account is breached due to inactivity.
Trading Rules - Additional Guidelines
Consistency Rule 
To receive the payment trader should ensure the profits across trades are meeting the consistency score.
The Consistency score should be up to 20%. The consistency score is calculated as follows:
Consistency Score % = (Biggest Winning Day / Current Total Account Profit) &times; 100. In simple words, it means that the biggest winning day cannot exceed 20% of the total profits made in the account. If the score exceeds 20%, the trader must continue trading until this score is reduced to 20% or lower.
Example:, the highest profit earned in a day is $5,000, and the total profit earned so far is $20,000, then the Consistency score = (5000/20000) * 100% = 25%. In this case, the trader must keep trading and earn a total profit of at least $25,000 (Additional profit of $5,000), so that the consistency score is brought down to 20%.
Overnight holding
Overnight Holding is fully permitted across all Challenge and Hola Prime (Sim. Funded) Accounts. This allows you to maintain your positions without interruption, providing the professional flexibility needed to capitalize on long-term strategies and market trends that unfold beyond standard session hours.
Minimum Trading Days
There are no minimum trading days in Direct Account. However, traders should keep in mind the inactivity period of 30 calendar days.
Rewards
- 
Industry-Leading Profit Splits up to 90%
At Hola Prime, we empower traders with choice and flexibility in their payout cycles with no extra fees attached!
Payouts in the Hola Prime (Sim. Funded) 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.
To qualify for a payout, the trader must meet the following profitability requirements:
- 
Bi-weekly Cycle: Traders can request a payout every 14 calendar days following the first executed trade on the account.
- 
20% Consistency Requirement: To ensure professional risk management, your biggest winning day cannot exceed 20% of the total profits made in the account.
Consistency score ensures that profits are earned through consistent trading rather than a single windfall. The score is calculated as follows:
Consistency Score % = (Biggest Winning Day / Current Total Account Profit) &times; 100
- 
Example: If your highest profit earned in a day is $5,000 and your total profit is $20,000, your score is 25% ($5,000 / $25,000).
- 
Action Required: Since 25% exceeds the 20% limit, you are not yet eligible for a payout. You must continue trading until your total profit reaches at least $25,000, which brings the score down to 20%.
- 
Flexible & Fast Payouts
You&rsquo;ve done the hard work&mdash;now it&rsquo;s time to enjoy the results. We offer a variety of seamless payout options designed to put your profits in your hands as quickly and efficiently as possible.
- 
Bank Wire & Cryptocurrencies: Minimum $50 (excluding firm&rsquo;s share) Supported Crypto: BTC, USDC, ETH, USDT (ERC-20 & TRC-20).
- 
Rise: Minimum $500 (excluding firm&rsquo;s share), supports bank & crypto payouts.
Payout Processing Fee: A 2.5% payout processing fee applies to all payment methods, subject to a minimum fee of $25 for Rise and Bank Wire and $5 for Crypto.
Important Note: Prior to submitting a payout request, the Trader must ensure that an adequate amount is maintained in the account so that, after the payout is processed, the account balance does not reach the applicable Loss Limits. The Max. Loss Limit level remains unchanged after the payout is processed.
The Trading Ecosystem
Traders typically pay a commission for using a prop firm&rsquo;s funds and platforms. This fee is deducted from simulated profits before the split between the trader and the firm.
Hola Prime ensures a seamless trading experience with low commission rates. This allows traders to maximize their simulated profits while maintaining transparency and fairness in trading costs. Here is the detailed commission structure:
- 
Forex & Commodities (Gold)- $ 3 per lot per side
- 
Other Commodities &ndash; $1.5 per lot per side
- 
Indices and Cryptos - Zero Commission
Trading Platform
You can choose among the best trading platforms- MT5, Match Trader, Trade-Locker, and CTrader platforms.
Note: Match Trader and TradeLocker will be available exclusively to clients in the US and UK.
Tradable Instruments : You can trade Forex, Crypto, Indices, and commodities with tight spreads on all our trading platforms.
Instrument-Wise Leverage
The leverage that will be applied on Direct account will be:
Forex: 50:1
Exotics: 5:1
Commodities: 2:1
Indices: 5:1
Metals: 10:1
Crypto: 1:1

Question 7

Hola Prime Direct Fly – Sim. Funded Account

Accepted Answer

Overview
The Hola Prime Direct Fly Account provides traders with direct access to a Sim Live trading environment. The account offers a 70% profit split and an Anytime Payout structure through two stages: Take-Off Mode and Turbo Mode.
Sim Funded Account Rules
Maximum Loss Limit (4%, Intraday Equity Trailing)
The Maximum Loss Limit is 4% of the initial account balance and follows an intraday equity-based trailing mechanism. It adjusts according to the highest equity reached, including floating profits from open trades.
The Maximum Loss Limit continues to trail as the account reaches new equity highs. Once Turbo Mode is activated, the Maximum Loss Limit locks at the initial account balance and stops trailing permanently. The limit never moves downward.
Example 1 (100K Account &ndash; Initial Limit)
Assume your initial account balance is $100,000. The Maximum Loss Limit is 4%, which equals $4,000. Therefore, the initial breach threshold is $96,000 ($100,000 &minus; $4,000). If your account equity falls below $96,000 at any time, the account will breach the Maximum Loss Limit.
Example 2 (Intraday Profit &ndash; Trailing Adjustment)
Assume your account starts with $100,000 and reaches an equity high of $102,000, including floating profits from open trades. The Maximum Loss Limit adjusts to $98,000 ($102,000 &minus; $4,000). If your equity subsequently falls below $98,000, the account will breach the rule. The trailing threshold adjusts whenever a new equity high is reached.
Example 3 (Limit Locks at Initial Balance)
Assume your account starts with $100,000 and reaches an equity high of $104,000. The Maximum Loss Limit adjusts to $100,000 ($104,000 &minus; $4,000). At this point, the limit reaches the initial account balance. Once Turbo Mode is activated, it locks permanently at $100,000 and stops trailing. Even if your equity later reaches $110,000, the breach threshold remains fixed at $100,000.
Daily Loss Limit
No separate Daily Loss Limit applies to the Direct Fly Account.
Consistency
No consistency requirement applies to the Direct Fly Account.
Lot Limit
The maximum position size is capped at 5 lots per order, with no restriction on the total number of trades.
For instance: You can place orders for 20 lots of an instrument overall in the same direction. However, these must be divided into groups of 5 lots per trade. You can place a maximum of 5 lots in a single order. This restriction is intended to reduce execution issues associated with larger order sizes.
Copy Trading
Copy trading is allowed on the Direct Fly Account.
Weekend Holding
Weekend holding is not allowed on the Direct Fly Account. Traders must close their positions before the weekend.
News Trading
News trading is restricted in Take-Off Mode but is allowed in Turbo Mode in Direct Fly accounts.
Expert Advisor (EA) Add-On
EA functionality is available as an optional add-on at the time of account purchase, subject to an additional 20% fee on the account purchase price. VPS usage is permitted only for accounts with the EA add-on activated.
Payouts
The Direct Fly Account operates through two stages: Take-Off Mode and Turbo Mode.
1. Take-Off Mode
Achieve the 2% milestone. Unlock your first payout.
During Take-Off Mode, traders can trade freely without any trading restrictions, specific trading rules, or Prohibited Trading Practices (PTP) requirements.
Once your account reaches a profit of 2% of the initial account balance, you achieve the Take-Off milestone. Trading will then be temporarily paused, and you will become eligible to request your first payout. Successfully reaching this milestone also unlocks Turbo Mode.
Payout Request &ndash; Your Choice
Reaching the 2% profit target makes you eligible to request your first payout; however, submitting a payout request is entirely optional. You can choose to request your payout at this stage or continue trading without withdrawing your profits.
If you choose to continue trading, your account will remain active, allowing you to build additional profits. You can request your payout at a later stage, subject to the applicable payout conditions.
2. Turbo Mode
The Maximum Loss Limit locks at the initial account balance, and trading is re-enabled.
In Turbo Mode, traders can enjoy the following benefits:
- 
Anytime Payouts: Request payouts at any time, as many times in a day as you want.
- 
No Profit Targets: No additional profit targets are required.
- 
No Payout Thresholds: No minimum profit thresholds apply to subsequent payout requests.
- 
No PTPs: No PTP requirements apply.
- 
No Trading Restrictions: Traders can continue trading without the restrictions applicable during Take-Off Mode.
Profit Split
Traders receive a fixed 70% profit split on eligible profits generated through the Sim Live Account.
Note: To request a payout, your account must maintain a minimum buffer of 0.1% of the initial account balance.
Trading Ecosystem
Leverage
The Direct Fly Account offers 50:1 leverage.
Forex: 50:1
Exotics: 5:1
Commodities: 2:1
Indices: 10:1
Metals: 10:1
Trading Platform: The Direct Fly Challenge is available on Matchtrader, MT5 and TradeLocker.
Tradable Instruments: You can trade Forex, Indices, and Commodities on all our trading platforms.
Note: Cryptocurrency trading is not available on Direct Fly accounts. Indices not available on MatchTrader (Fly accounts).
Commission
A commission of $8 per lot applies across all instruments.
Spread Markup
A spread markup of 5 points per instrument applies.
Trade Execution
The Direct Fly Account operates in a simulated trading environment. Trades placed in the Sim Live Account may or may not be copied to live markets.

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