Is news trading allowed?

Prime accounts- News trading is freely allowed without any restrictions in both the Challenge and Hola Prime accounts.

Pro Accounts (Hola Prime Accounts Only)-  News trading is normally allowed in the Challenge Phase. However, in the Hola Prime accounts, 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 trades for any of the affected instruments are opened/closed during the 5 minutes before and after the news release window, all trades will be closed by the system, and trading will be disabled. Traders can later contact us to get the account re-enabled and continue trading.

Direct Model– News trading is not allowed in Hola Prime Accounts issued under the 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 trades includes market execution as well as pending orders, including Stop Loss and Take Profit orders.

You are allowed to hold trades on the affected instruments opened 5 minutes prior to the news release. 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. Breach of this rule will lead to account closure. 

Other non-targeted instruments (affected by low and medium-impact news) can be traded normally during news hours. 

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.

For 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.