Prohibited Trading Practices

• Trading is permitted only from your own personal devices. Sharing devices or accessing your account from a device associated with another user is strictly prohibited. Failure to comply with this policy would result in termination of all the existing accounts and the client would be permanently banned from using any Hola Prime services.
• Each participant may maintain only one registered account using their own email address, device, and identity. Multiple or duplicate registrations are not permitted.
• Multiple accounts operating from the same IP address or network, suspicious IP activity, unrealistic location changes, or devices linked to multiple traders may trigger a compliance review.
• Accessing the account or platform from a restricted country or region, or using a VPN that routes through a restricted country, is strictly prohibited and will lead to account termination.
• International travel may trigger a compliance review due to changes in IP location. Traders must provide any requested travel details or supporting documentation within the specified timeframe to verify legitimate account access.

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.

Trading activity must demonstrate consistent profitability across a meaningful number of trades. If more than 60% of the account’s overall profit is derived from a single trade idea, trading session, or isolated outcome, such activity will be classified as speculative trading. The profits from such trades shall be reversed and the trader may be placed under Prime Consistency Program. For more details Click here.

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.

The margin utilization of 70% or higher is considered excessive. If a trader is found to be using such high margin levels, the account will be rebalanced to the initial account balance and may be placed under Prime Consistency Program. For more details click here.

Your risk per trade idea must not exceed 2% of the initial account balance on your Hola Prime (Funded or Direct) account.

For the purpose of this rule, split positions in the same direction that overlap in time — including multiple entries opened and/or closed at different times — will be treated as a single trade idea.

Additionally, if a new position in the same direction is opened within 10 minutes of closing a previous position, it will also be considered part of the same trade idea.

Any continuous sequence or chain of such overlapping or closely timed positions will be treated as one single trade idea for risk calculation purposes.

Traders are required to define this risk by placing a stop loss within 3 minutes of opening a position or prior to closing the position, whichever occurs earlier.

The breach of this rule will lead to hard breach and termination of account.

Further, general risk management rules should always be kept in mind, and the trader should trade in the account as if it were their money. Read about prohibited Gambling behavior here.

*Using prohibited trading practices may result in a reduction of the risk limit to 1% as a preventive measure. Any such changes will be communicated to users via official channels.

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.

In general, trades placed in contradiction with how trading is actually performed in the financial markets, or in a way that our Risk Team considers, acting reasonably, might cause us financial, reputational or other harm as a result of the trader's activities (Some e.g. include overleveraging, overexposure, one-sided bets, account rolling, trading during non-liquid market hours to exploit liquidity shortages, inconsistencies, etc.).

To ensure consistency between the evaluation and funded stages, traders must maintain a broadly consistent trading methodology throughout the lifecycle of their account. Accordingly:

The strategy used to pass the Challenge is considered your proven trading strategy and forms the basis of your Hola Prime (Sim. Funded) Account. Traders are expected to maintain consistency by continuing to use the same overall approach used in evaluation account. Material changes to the proven strategy may result in account review, suspension, or Performance Reward denial.