What are the rules to follow in the Hola Prime Account?
For the Hola Prime Account, you simply have to take care of the following:
Maximum Trailing Drawdown- It is the amount your account’s equity or balance can’t go below. It is set at 3% of the initial balance for account sizes $25k, $50, $100k, and $150k, and 2.5% of the initial balance for account sizes $200k, $250k, and $300k. This % trails the Previous day’s E.O.D. balance until the account reaches 3% or 2.5% profits in the account balance.
Daily Loss Limit- It is the maximum amount a trader is allowed to lose in a day. For Hola Prime Accounts, this limit is set at 2% of the previous day’s closing balance and is reset every day at 17:00 EST server time.
Inactivity Period – If there is no trading activity in your Hola Prime Account for more than 30 days, it may be subject to closure due to inactivity.
A trading day is defined as any day when a trader opens or closes a trade. Modifications to stop-loss, take-profit orders, or pending orders do not count as trading days.