Hola Prime 2-Step Prime Challenge

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Phases for the 2-Step Prime Challenge
The Hola Prime 2-Step Prime challenge consists of two phases that must be completed to become a Hola Prime trader and gain access to a Hola Prime (Sim. Funded) Account. After purchasing the account, traders will straightaway receive their login credentials via email, which can also be viewed through the &lsquo;Account Overview&rsquo; tab on the dashboard by clicking the &lsquo;Key&rsquo; icon.
Next Steps After Passing the Challenge
Once you hit your profit target, the transition to your professional account involves a standard verification process:
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Risk Review: Our Risk Team will promptly conduct a review of your entire challenge phase to ensure all rules were followed.
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KYC & Agreements: While waiting, you can upload your documents for KYC and sign your contract under the &ldquo;Agreements&rdquo; tab.
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Account Issuance: After the review is finalized, you will receive the credentials for your official Hola Prime (Sim. Funded) Account.
The Challenge Phases:
These phases are designed to test your ability to achieve goals while showing disciplined risk management over a consistent period. This phase is best suited for swing trades. To succeed, it is important to have a flexible trading system and a strong risk management strategy.
Trading Objectives:
- Achieve the Profit Targets: Reach the specified targets for both Phase 1 and Phase 2 to pass the evaluation.
- Phase 1 Target: Traders need to earn a profit equal to 8% of the initial account balance.
- Phase 2 Target: In the second phase, the profit target decreases to just 5% based on the initial account balance.
- Complete a minimum of 3 trading days in each phase to qualify for the next step.
- Adhere to all trading rules: If any of the rules are not followed, the account will be permanently suspended (though you may purchase a new challenge to try again).
The Hola Prime (Sim. Funded) Account
Once you successfully pass the review and KYC process, you will be offered the opportunity to trade on the Hola Prime (Sim. Funded) Account and begin earning payouts.
Trading Rules - Account Violations (Hard Breach)
A hard breach is a critical violation of core risk management rules that leads to the immediate and permanent termination of the trading account.
Daily Loss Limit
The Daily Loss Limit is the maximum amount you can lose in a single day. For Phase 1 and 2 Challenge Accounts, this limit is set at 5% (4% for $200k accounts) of the previous day's closing balance. 
The Formula: Daily Loss Limit = Previous Day's Closing Balance - (Previous Day's Closing Balance &times; 5%)
Calculation: The loss for the day is the sum of your current floating PnL plus the total PnL of closed trades for that day.
Example 1 (100k Account): Assume your initial account balance is $100,000. The Daily Loss Limit is 5%, which equals $5,000. This means your equity or balance cannot fall below $95,000 ($100,000 &minus; $5,000) at any time during the day.
Example 2 (Intraday Profit): If at the end of day 2, your account&rsquo;s closing balance is $110,000, then the loss limit for Day 3 would be $5,500 ($110,000 * 5%). This means your equity on Day 3 can't go below $104,500. If during the day, you make a profit of $7,000, then the allowable loss for that day increases to $12,500 ($110,000 * 5% + $7,000).
Example 3 (Floating Loss): You have a $110,000 trading account with a $5,500 daily limit. If you realize a closed loss of $3,000 and then initiate another trade, your account will breach the rule if your running trades exceed a floating loss of $2,500.
Daily Reset Timer: The Daily Loss Limit resets every day at 17:00 EST server time. You can always monitor the reset timer on your Hola Prime dashboard to see exactly when your daily loss limit resets. 
Max. Loss Limit
The Max. Loss Limit (also known as the Maximum Drawdown) is the ultimate safety net for your account. For Phase 1 and 2 Challenge Accounts, this limit is set at 10% (8% for $200k accounts) of the initial account balance. If your account balance or equity ever drops below the 90% (92% for $200K accounts) threshold of your initial balance, the account will be permanently closed.
The Formula: Max. Loss Limit = Initial Balance &ndash; (Initial Balance &times; 10%)
Example: The Standard "Floor"
You purchase a $100,000 2-Step Prime account.
Calculation: 10% of $100,000 is $10,000.
The "Floor": Your account equity or balance can never drop below $90,000 ($100,000 &ndash; $10,000).
Outcome: Whether it is day 1 or day 50, if your equity or balance falls below $90,000, the account is terminated.
Calculation Details: The rule states that the sum of the current floating PnL (Profit and Loss) and the realized PnL (Profit and Loss) on all closed positions must not hit the Max. Loss Limit.
2% Rule (Funded & Direct Accounts)
Your risk per trade idea should not exceed 2% of the account size (initial balance). This includes:
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Single Trade Idea
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Layering/Splitting Positions
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The 10-Minute Re-entry Rule
This rule applies exclusively to Hola Prime (Sim. Funded) Account or Direct Account and does not extend to the Challenge phase. Violating this rule is considered a hard breach and will lead to the closure of your account.
- 
Single Trade Idea
The total risk on a single trade idea must not exceed 2% of your initial account balance.
For example, on a $100,000 account, your maximum allowed risk for one trade idea is $2,000.
- 
Layering/Splitting Positions
If you open multiple positions on the same assets, same direction, with overlapping time (e.g., multiple "Buy" orders on EUR/USD), they are collectively treated as one single trade idea.This includes multiple entries opened and/or closed at different times.
Any continuous sequence or chain of such overlapping positions will also be treated as one single trade idea for risk calculation purposes.
The combined risk of all these positions cannot exceed the 2% limit.
- 
The 10-Minute Re-entry Rule
If you close a position and then open a new one in the same direction on the same assets within 10 minutes, the system considers this a continuation of the same trade idea.
Any continuous sequence or chain of such closely timed positions will also be treated as one single trade idea for risk calculation purposes.
Their cumulative risk is tracked against the 2% limit.
Important Note
- 
Stop loss must be placed within 3 minutes of opening a position or prior to closing the position, whichever occurs earlier.
- 
Breach of this rule will result in a hard breach and termination of the account.
Additional Guidelines
General risk management rules should always be followed, and traders should operate the account as if it were their own capital. Please refer to prohibited gambling behavior for further details.
*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 via official channels.
Inactivity
Any trading account (challenge or Funded) inactive for consecutive 30 calendar days will be permanently suspended. A trading day refers to a day when at least one trade is opened as it counts towards an active trading day. Closing the trade, modifying the stop loss or take profit, or placing a pending order does not count as a trading day.
Example: If your last trade was opened on January 1st, you must open a new position by January 30th. If no activity occurs by January 31st, the account is breached due to inactivity.
Trading Rules - Additional Guidelines 
What is allowed in 2 Step Prime challenge and Funded accounts:
News Trading: In 2 Step Prime Accounts, there is no restriction for trading during any news hours, allowing traders to take advantage of market volatility and execute trades without restrictions during high-impact news events.
Weekend Holding: In 2 Step Prime Accounts, traders can trade 24x7, ensuring they remain in their positions without the need to close positions before the weekend.
Overnight Holding: Overnight holding of positions is permitted in 2 Step Prime Accounts, allowing traders to maintain their trades without interruption, giving them the flexibility to gain on long-term strategies and market trends that unfold beyond standard trading hours.
Passing Requirements
To successfully complete the 2 Step Prime Challenge and qualify for a Hola Prime (Sim. Funded) Account, you must meet all the following milestones. These are not "breach" rules but rather targets that must be reached to verify your trading performance.
Profit Target:
Achieve a specified profit targets to advance through the evaluation phases and gain access to a Hola Prime (Sim. Funded) Account:
- 
Phase 1: Traders need to earn a profit equal to 8% of the initial account balance.
- 
Phase 2: The profit target decreases to just 5% based on the initial account balance.
Example: For a trader starting with a $100,000 account size, they should aim for $8,000 profit in Phase 1 and $5,000 profit in Phase 2, while ensuring compliance with drawdown rules, to access the Hola Prime (Sim. Funded) Account.
Minimum Trading Days (3 Days):
You are required to achieve the profit target while following all other rules and trading for a minimum of 3 days in the challenge phase.
Example:
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Monday (Day 1): You open two trades on EUR/USD, reaching a total realized profit of $3,500.
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Tuesday (Day 2): You open three trades on EUR/USD, reaching an additional realized profit of $2,500.
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Wednesday (Day 3): You open two trades on EUR/USD, reaching an additional profit of $2,700.
Result: Requirement Met. By placing a trade on a third calendar day, you have fulfilled the 3-day minimum.
Rewards
1. Industry-Leading Profit Splits up to 95%
At Hola Prime, we empower traders with choice and flexibility in their payout cycles with no extra fees attached!
To qualify for a payout, the trader must meet the following profitability requirements:
- 
Bi-weekly Cycle: Requires a minimum of 3 profitable trading days within a 14-day period to receive an 80% profit-split.
- 
Monthly Cycle: Requires a minimum of 7 profitable trading days within a 30-day period to receive a 95% profit-split.
What is a Profitable Trading Day?
A profitable trading day is defined as a day when closed positions generate a net profit of at least 0.5% of the initial account balance.
- 
Example: For an account with an initial balance of $100,000, a day is considered profitable if you close the day with a minimum of $500 in net profit ($100,000 &times; 0.005 = $500).
- 
Calculation: Positive profit is calculated as: EOD Balance or EOD Equity (whichever is lower) &minus; Previous Day Closing Balance.
2. On-Demand Payouts
Traders can request On-Demand Payouts with an 80% profit split, subject to the following conditions:
Consistency Requirement: Traders must maintain a Consistency Score of up to 40%. This means your biggest winning day cannot exceed 40% of the total profits on the account.
- 
Formula: Consistency Score = (Biggest Winning Day / Current Total Account Profit) &times; 100%
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Example: If your highest daily profit is $11,250 and your total profit is $25,000, your score is 45%. You must continue trading to earn a total profit of at least $28,125 to bring the score down to 40%.
Minimum Profit Required: A minimum total profit of 2% of the initial account balance is required to be eligible for payout.
- 
Example: On a $100,000 account, you must have at least $2,000 in total profit to request an on-demand payout.
3. Flexible & Fast Payouts
You&rsquo;ve done the hard work&mdash;now it&rsquo;s time to enjoy the results. We offer a variety of seamless payout options designed to put your profits in your hands as quickly and efficiently as possible.
- 
Bank Wire & Cryptocurrencies: Minimum $50 (excluding firm&rsquo;s share), no fees from our end.
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Supported Crypto: BTC, USDC, ETH, USDT (ERC-20 & TRC-20).
- 
Rise: Minimum $500 (excluding firm&rsquo;s share), supports bank & crypto payouts. A flat fee of $25 applies.
4. 100% Challenge Fee Refund
When you successfully pass the 1 Step Prime Challenge, you will receive a 100% refund of your challenge fee. This refund will be processed automatically in four equal installments, with 25% of the fee paid back with each of your first four payouts.
- Example: If your initial challenge fee was $120, you will receive a $30 refund with each of your first four payouts.
The Trading Ecosystem
Traders typically pay a commission for using a prop firm&rsquo;s funds and platforms. This fee is deducted from simulated profits before the split between the trader and the firm.
Hola Prime ensures a seamless trading experience with low commission rates. This allows traders to maximize their simulated profits while maintaining transparency and fairness in trading costs. Here is the detailed commission structure:
- 
Forex & Commodities (Gold)- $ 3 per lot
- 
Other Commodities &ndash; $1.5 per Lot
- 
Indices and Cryptos&ndash; Zero Commission
Trading Platform
You can choose among the best trading platforms- DX Trade, MT4, MT5, Match Trader, Trade-Locker, and CTrader platforms
Tradable Instruments: You can trade Forex, Crypto, Indices, and commodities with tight spreads on all our trading platforms.
Instrument-Wise Leverage
The leverage that will be applied on 2-Step prime account will be:
Forex: 50:1
Exotics: 5:1
Commodities: 2:1
Indices: 5:1
Metals: 10:1
Crypto: 1:1

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