8. Maximum Hola Prime Account Allocation

There is no limit on the no. of challenges that can be purchased by a trader.  You are allowed to purchase and participate as you like. However, the max. Hola Prime account allocation per trader is $500K (active Hola Prime accounts per trader).


Condition 1: A user has a Hola Prime account A of $300k. Then he passes two challenges- B of $300k and C of $200k account sizes. However, he can avail of only one additional Hola Prime account C of $200k size along with the existing  A account of $300k. This is because the maximum Hola Prime Account allocation would have reached the $500k  limit. The trader will hence have to wait for the current A account of $300k to be closed before making the other Hola Prime account B active.


Condition 2: A user already has two Hola Prime accounts of $200k (Account A) and $300k (Account B). As the user has already reached the maximum allowed allocation of $500k in active Hola Prime accounts, he needs to wait for the existing accounts (A and B) to be closed.


It is not allowed to get multiple accounts through various registrations, that exceed the overall maximum account allocation. If we discover identically traded strategies in multiple accounts exceeding $500,000 at a time in the allocated amount, all of those accounts shall be suspended. 


Note: If a trader intends to use a 3rd party trading robot (Expert Advisors – EAs), it must be kept in mind that there might be other traders already using the same EA and therefore the same strategy. In case 2 traders' EA settings are similar, the traders might be denied a Hola Prime account, or the existing Hola Prime account shall be terminated if the maximum account allocation amount is exceeded.



Is a user allowed to merge multiple Hola Prime accounts?

Merging of accounts is not allowed. For Hola Prime accounts, you have the option to merge multiple accounts up to an overall limit of $500k. However, both accounts should have been the same in the challenge phase. 
If there are no open trades, and the account is not in the middle of the trading/payout cycle, the trader can opt to combine/merge the 2 accounts into a single account subject to a max. Hola Prime Account allocation of $500K. For any allocated fund above $500k at a time, the trader will have to wait for the existing active accounts to be closed, before making the other new Hola Prime accounts active.


The Hola Prime accounts have to be from the same evaluation model to merge:
1 Step Pro accounts can only be merged with 1 Step Pro accounts
2 Step Pro accounts can only be merged with 2 Step Pro accounts 

1 Step Prime  accounts can only be merged with 1 Step Prime accounts 

2 Step Prime accounts can only be merged with 2 Step Prime accounts 



Note: The payout due date of the account will be updated based on the date when the merger of the 2 accounts is processed.