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Is news trading allowed under Direct Model Hola Prime Accounts?

In the Hola Prime Account issued under Direct model, 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.

Please note that the execution of trade includes market execution as well as pending orders, including Stop Loss and Take Profit orders. If your Stop Loss or Take Profit is activated during this window of 5 minutes before and 5 minutes after, it will be taken as a violation of the Hola Prime Agreement. Opening/closing a trade during this window on affected instruments will lead to account closure. Other non-targeted instruments (affected by low and medium-impact news) can be traded normally. For Instance: You can trade AUDNZD during the US – CPI release. However, you are not allowed to open or close USDJPY or GBPUSD during the window of 5 minutes before to 5 minutes after the CPI release.

Example: There is a High Impact news speech scheduled at 03:00 EST.

Condition I: You are not allowed to open or close any trade (including limit, stop, TP & SL of any trade) between 02:55 & 03:05.
Condition II: If you are opening the trade before 2:55 and closing (including limit, stop, TP & SL of any trade) at any time between 02:55 & 03:05 it will be considered a violation of our Terms of Service.
Condition III: If you are opening the trade before 02:55 and closing the same trade after 03:05, the trade will be considered valid and the profit will be counted.

For news announcements affecting USD, the restriction applies for Forex pairs with USD currency involved including the Indices offered, namely US30, NAS100, and SPX500.

Affected Trading instruments	News Announcement
USD(Forex & US Indices- NAS100,US30,SPX500)	CPI YY Advance GDP QQ Federal Funds Rate & Statement Non-Farm Employment Change Unemployment Rate & Wages FOMC Meeting Minutes
EUR(Impacts Forex)	Main Refinancing Rate
CAD(Impacts Forex)	CPI MM BOC Rate Statement/Overnight Rate Unemployment Rate/Employment Change
NZD(Impacts Forex)	CPI QQ GDP QQ Cash Rate & RBNZ Rate Statement Employment Change/Unemployment Rate
GBP(Impacts Forex)	CPI YY Official Bank Rate & MPC Votes
AUD(Impacts Forex)	CPI QQ GDP QQ Cash Rate & RBA Statement Employment Change/Unemployment Rate
CHF(Impacts Forex)	SNB Policy Rate
Crude Oil ( WTI, BRENT )	Crude Oil Inventories

Note: Trades can be held during any news event- High, Low, or Medium. The news release schedule and their impact levels can also be monitored in our Economic Calendar within the Client Portal. Trades with 3 blue bars are high Impact, 2 bars are medium Impact, and 1 bar is low Impact.