Industry’s First
Risk & Compliance Team
Leading the Way in Security, Transparency, and Ethical Trading
As a proudly self-regulated firm, we uphold the highest standards of integrity, transparency, and risk management. Our Risk and Compliance Department plays a crucial role in implementing robust policies that protect both our traders and our firm.
Why a Dedicated Risk & Compliance Department?
The proprietary trading industry has long struggled with transparency issues, weak compliance measures, and financial instability. Many firms operate in regulatory grey areas, exposing traders to risks like price manipulation, unethical trading conditions, and unreliable payouts. Without strong oversight, traders often face challenges in verifying market fairness, fund security, and long-term sustainability.
Ensuring Ethical and Responsible Trading
Our Risk and Compliance Team is dedicated to creating a safe and transparent trading environment. Here’s how:
Implementing Robust AML and KYC Policies
Our Risk and Compliance Team has designed robust policies to ensure that Hola Prime adheres to all relevant financial laws and regulations related to preventing money laundering and financial crimes. This includes onboarding verification partners and PSPs that meet the highest standards and maintaining continuous communication with them to ensure that all onboarded customers and their transactions are clean and risk-free.
Due Diligence of Funds Management
The Compliance Team ensures we maintain sufficient funds for each day’s payouts, along with additional cushion funds. Without their sign-off, payouts cannot proceed. This assessment is conducted daily for the following day's payouts. The entire payout process follows a rigorous Ten-Point System. Additionally, for all planned and unplanned expenses of significant size, the Compliance Team's approval is mandatory, ensuring a solid financial standing at all times. In short, they play a crucial role in maintaining our financial stability.
Ongoing Monitoring and Reporting
Our 24/7 Compliance Review system is designed to ensure fair and ethical trading practices. The team actively monitors trade execution, fund allocation, and risk exposure, conducting real-time reviews of trader activity to prevent potential market manipulation and irregularities. Each trader undergoes an extensive review before receiving Hola Prime Account, eliminating the possibility of exploiting loopholes and ensuring all profits are derived from genuine, skill-based trading rather than artificial tactics.
Internal Audits
Risk management is another pillar of Hola Prime’s approach. The Compliance Team conducts continuous assessments and reviews of financial stability, risk exposure, and policy implementation to identify potential compliance gaps before they escalate. While proprietary trading firms often operate in a grey area, Hola Prime's commitment to stringent internal audits ensures accountability across all operations. By proactively addressing risks, we provide a stable and predictable environment for traders.
Data Protection Laws
The Compliance Team ensures full compliance with major data protection laws to safeguard our users' sensitive data. Through the implementation of robust policies, regular audits, and proactive adaptation to evolving legal requirements, we mitigate risks while fostering trust and transparency. Our dedication to data privacy and security reinforces our commitment to protecting user information.
Price Transparency
One of Hola Prime’s most valued offerings is our Daily Price Transparency Report. This report serves not only our traders but also our internal operations. Our traders are our greatest asset, and we strive to ensure they receive the best market prices without any ambiguity. The Risk & Compliance Team rigorously compiles this report to ensure all prices are benchmarked against industry standards with no discrepancies. The report is transparently published on our website every day.
A Constantly Evolving Function
Risk and Compliance is an ever-evolving function that adapts to emerging risks, new laws and regulations, and evolving industry challenges. However, for our highly skilled and competent team, staying ahead of these developments is a manageable task. They work diligently every day to ensure our traders operate in a safe and sustainable trading environment – every time and all the time.