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Hola Prime 2-Step Pro Challenge

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 ‘Account Overview’ tab on the dashboard by clicking the ‘Key’ 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 “Agreements” 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 × 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 − $5,000) at any time during the day.

Example 2 (Intraday Profit): If at the end of day 2, your account’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 – (Initial Balance × 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 – $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 is determined by the maximum potential loss on a trade based on the stop loss placement.
  • A stop loss must be placed within 3 minutes of opening a position or before closing the position, whichever occurs first.
  • If no stop loss is placed within this timeframe, the position is considered to have infinite risk by default.
  • Failure to comply with this requirement constitutes a hard breach and may 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 ▾
 
Example — 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 ▾
 
Example — 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 ▾
 
Example — 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.

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 × 0.005 = $500).

Calculation: Positive profit is calculated as: EOD Balance or EOD Equity (whichever is lower) − 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) × 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’ve done the hard work—now it’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’s share), no fees from our end.

  • Supported Crypto:  BTC, USDC, ETH, USDT (ERC-20 & TRC-20).

Rise: Minimum $500 (excluding firm’s share), supports bank & crypto payouts. A flat fee of $25 applies to all transactions.

4. 100% Challenge Fee Refund

When you successfully pass the 2 Step Pro Challenge, you will receive a 100% refund of your challenge fee. This refund is processed automatically in four equal installments, with 25% of the fee paid back with each of your first four payouts.

Example: If your initial challenge fee was $120, you will receive a $30 refund alongside each of your first four successful payouts.

The Trading Ecosystem

Traders typically pay a commission for using a prop firm’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- DX Trade, MT4, MT5, Match Trader, Trade-Locker, and cTrader platforms.

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: 10:1

Metals: 20:1

Crypto: 2:1