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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 ‘Account Overview’ tab on the dashboard by clicking the ‘Key’ icon.

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.

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) × 100

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’s closing balance.

The Formula: Daily Loss Limit = Previous Day’s Closing Balance − (Previous Day’s Closing Balance × 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 − $3,000) at any time during the day.

• Example 2 (Intraday Profit): If at the end of Day 2, your account’s closing balance is $105,000, then the loss limit for Day 3 would be $3,150 ($105,000 × 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 − $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.

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 Sim. Funded account to be ready. You will be notified as soon as it is enabled and ready to trade.

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 – 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 − $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 – 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 − $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 − $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 – Static MLL (3% – $100K Account):

Assume your initial account balance is $100,000. The Static Maximum Loss Limit is 3% of the initial account balance, which equals $3,000.

Therefore, the breach threshold is set at $97,000 ($100,000 − $3,000).

Unlike an intraday or end-of-day trailing mechanism, the Static MLL remains fixed at $97,000 throughout the account’s lifetime. It does not adjust based on changes in your account balance or equity, even when you generate profits.

For example, if your account balance increases to $105,000 or $110,000, the Maximum Loss Limit threshold will still remain at $97,000.

If your account equity falls below $97,000 at any point, 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.

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.

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