What are the rules to follow in the 2-Step Prime Challenge?

To excel in the 2-Step Prime Challenge, it’s important to adhere to the following rules:

Minimum Trading Days: Traders are required to trade for 3 separate days in both phase 1 and 2. A trading day refers to a day when at least one trade is executed (opening or closing a position) to participate in the market.

Maximum Trading Days = There are no maximum trading days for completing the challenge.

Daily Loss Limit = Traders are allowed a maximum daily loss limit of 5% (4% for $200k accounts) of the previous day’s closing balance

To get more information regarding the daily loss limit, kindly click here https://holaprime.com/faqs/general-faqs/how-daily-loss-limit-calculated/

Maximum Total Loss Limit = The overall maximum loss permitted is 8% of the initial account balance. This means the account balance or equity cannot drop below 92% of the initial balance at any time.

To get more information regarding the maximum total loss limit, kindly click here https://holaprime.com/faqs/general-faqs/how-overall-loss-limit-calculated/  

Profit Target = Traders need to achieve a profit of 8% and 5% of the initial account balance in phase 1 and phase 2 respectively..

To get more information regarding the profit target, kindly click here https://holaprime.com/faqs/general-faqs/how-profit-target-calculated/

Inactivity Period = An account should not be inactive for consecutive 30 calendar days.