Prohibited Trading Practices

Hola Prime X strictly prohibits any kind of exploitation of the platform. Traders should read all Terms and conditions carefully before using our platform. The conditions below apply to all accounts, whether in the challenge or Hola Prime X phases.

Hyperactivity/Excessive Trading

If there is an excessive level of trading by the trader, whether through too frequent trades or rapid modification to pending trades, Stop Loss, Take Profit, etc, which leads to too much risk being taken on the entire or almost entire account balance, it will be considered as a breach of our terms and will result in account termination.

Account or Device Sharing

If a trader shares their Hola Prime X Account or the device on which they are using Hola Prime X, resulting in sharing the Hola Prime X Account or selling it, it will be considered a direct breach of our Terms of Service. To ensure fairness towards all clients, there is a Zero tolerance policy towards such behavior.

Gambling/Speculative Trading

Setting up several buy and sell orders at various price points both above and below the current market price, to take advantage of price changes is prohibited. When the market rises and falls, hitting different price points, it raises risk because numerous losses can occur at once from a significant market movement in one direction. Hence, it is prohibited to use this tactic.

For instance: If a trader sets several buy orders at $150, $155, and $160 and multiple sell orders at $170, $175, and $180. The trader makes profit if the market moves between these levels. However, all of the buy orders will lose equity if the market falls sharply below $150, resulting in huge losses.

Similarly, continuous buying or selling of any instrument without taking into account technical signs, economic indicators, or fundamental news that could point to a future price gain or drop is a kind of betting with unfavorable risk-reward ratios. Because of its speculative nature and substantial loss risk, entering into these sorts of trades is prohibited.

For Instance: If a trader consistently buys a specific instrument without taking into account any potential risk or signs of an impending market decline. They run the risk of suffering substantial losses if the instrument's price drops unexpectedly due to their lack of diversification.

Arbitrage Trading

It is prohibited to take advantage of price differences or delays across several marketplaces or platforms in order to make gains without taking any risks or fair market analysis as it is an unethical practice and works against fair market conditions.

Using Expert Advisors and Algorithms

Traders are permitted to use Expert Advisors (EAs), algorithms, and indicators; however, it is essential to customize their settings to ensure that their trading activity remains distinct from that of other traders. Our Risk and Compliance team may, at its discretion, request traders to share the source code of the EA being used (or intended to be used) for review and verification purposes.

If a trader uses a third-party trading robot (EA), it is important to note that other traders might also be using the same EA or strategy. In such cases, accounts employing identical or highly similar strategies will be grouped together and subject to a combined maximum capital allocation, even if the accounts belong to different traders or profiles.

If two or more traders are found using identical or near-identical EA configurations, the following actions may be taken at our discretion:

• Denial of Hola Prime account approval
• Rebalancing of existing Hola Prime accounts
• Termination of one or more related accounts

In cases where an EA causes platform hyperactivity or other technical issues, we may contact the trader to review and adjust the EA's logic or parameters, and may again request access to its source code for diagnostic purposes. Traders must also ensure that their EAs operate in accordance to our rules & guidelines, and do not engage in any restricted or prohibited strategies, as all EA activity is monitored and traceable.

Note: The use of any form of Expert Advisor (EA) is strictly prohibited on Hola Prime X Accounts issued under the Direct Model.

Copy Trading

It is allowed for traders to engage in copy trading from one account to another HolaPrime account, provided that the accounts are owned by the same individual. However, copy trading between multiple accounts not owned by the same individual, including those of relatives, family members, or friends, is strictly prohibited.

In addition, the following activities are also prohibited:

It will be deemed copy trading and a breach of our conditions if a sizable portion of a trader's trades are identical to those of one or more traders based on the following: opening price, closing price, lot size, lot ratio, symbols, etc. This could also indicate group trading, signal services, passing services, or any other service that bypasses individual strategies which are not allowed. In such a scenario, all associate accounts will be immediately terminated.

Hedging or Executing Reverse Trades

It is allowed to hedge or open buy or sell trade in the same instrument inside the same trading account. However, it is prohibited to open buy and sell trades in the same instrument across many accounts or in a group.

For Instance: It is prohibited to hedge a trade over two accounts by buying one lot of EUR/USD on Account-1 and selling one lot of EUR/USD on Account-2 at the same time by the same trader.

Tick Scalping or High-Frequency Trading (HFT)

It is not allowed to use sophisticated expert advisers, algorithms, and fast communication networks to profit from small price fluctuations by executing a high volume of trades within a short time frame because of its potential for market manipulation and disruptive trading activities.

By making trades extremely quickly, these algorithms are able to profit from even the slightest price swings, giving them an unfair edge over other traders. These algorithms strain market liquidity by the quick influx of orders and subsequent cancellations. Owing to this several traders might not get their trades executed at fair pricing.