Name: Hola Prime Challenges
Brand: Hola Prime

Hola Prime

CEOSomesh Kapuria

Country

Date Created8/1/2024

Years in Operation1.5

Hola Prime Prop Firm Details

Firm Overview

Broker:

Hola Prime Markets

Platform:

cTrader

Match Trader

MT4

MT5

TradeLocker

DX Trade

Payment Methods:

Credit Card

Crypto

Paypal

Payout Methods:

Crypto

Riseworks

Bank Transfer

Type of Instruments:

forexcryptometalsenergy

Leverage

Pro 1 & 2 Step Account

FX: 1:100
Metals: 1:20
Indices: 1:10
Other Commodities: 1:5
Crypto: 1:2

Prime 1 & 2 Step Account

FX: 1:30
Metals: 1:10
Indices: 1:5
Other Commodities: 1:2
Crypto: 1:1

One 1 Step Account

FX: 1:100
Metals: 1:20
Indices: 1:10
Other Commodities: 1:5
Crypto: 1:2

Direct Instant Account

FX: 1:50
Metals: 1:10
Indices: 1:5
Other Commodities: 1:2
Crypto: 1:1

Commissions

FX & Metals: $3/lot
Other Commodities: $1.5/lot
Indices & Crypto: $0

Account Sizes

1 Step Pro: 2k to 200k
1 Step Prime: 2k to 300k
1 Step One: 5k to 100k
2 Step Pro: 2k to 200k
2 Step Prime: 2k to 200k
Instant Direct: 2k to 100k

Max Allocation

You can trade up to 500k for both challenges & funded accounts
You can trade up to TWO accounts for Instant Direct account

Daily & Maximum Loss

1 Step Pro: 3% Daily Loss / 10% Maximum Loss
1 Step Prime: 3% Daily Loss / 6% Maximum Loss
1 Step One: NO Daily Loss / 7% Maximum Loss
2 Step Pro: 5% Daily Loss / 10% Maximum Loss

Note: account size 200k daily loss 4%

2 Step Prime: 5% Daily Loss / 10% Maximum Loss
Instant Direct: 3% Daily Loss / 7% Maximum Loss

Drawdown

1 Step Pro: Trailing EOD
1 Step Prime: Static Balance Based
1 Step One: Trailing Intraday
2 Step Pro: Static Balance Based
2 Step Prime: Static Balance Based
Instant Direct: Trailing EOD

Risk Management

Never risk more than 2% on open trades of one instrument
Do NOT use more than 70% of your margin
In Direct and Prime accounts, you are free to trade as many lots as you like, however, in 1 Step Pro and 2 Step Pro (Hola Prime accounts only), there are the following maximum exposure limits on open trades:

5k & 10k: None

25k: 10 lots

50k: 20 lots

100k: 40 lots

200k: 80 lots

300k: 120 lots

The first breach of using more than the maximum lots results in a warning + account disabled, contact support to re-enable the account
The second breach results in account termination, but you will receive 30% of the profit you achieved

Consistency Rules

1 Step Pro Challenge & Funded: 50%
1 Step Prime: None
1 Step One: None
2 Step Pro: None
2 Step Prime: None
Instant Direct: 20%

Minimum Trading Days

One Step Pro: None
One Step Prime: 2 days
One Step One: None
Two Steps Pro: 2 days
Two Steps Prime: 3 days
Instant Direct: None

News Trading

Allowed

News trading in all challenges

Not Allowed

Open/close a position 5 minutes before & after a High Impact News event

Overnight & Weekends Holding

Allowed in all challenges
Not Allowed for Pro & Prime funded accounts
Not Allowed for instant direct accounts

Copy Trading

Allowed

Only between Hola Prime accounts

Not Allowed

Copying from another prop firm or personal account to Hola Prime accounts, or even the opposite
Copying trades from another trader’s account (signals, purchased strategies, social copy platforms)
Copy trading from different user to Hola Prime accounts

Experts

Allowed

Trade using your own Expert Advisor

Not Allowed

Perform any prohibited activities like scalping for few seconds, perform HFT, hedge, & arbitrage
Direct Account (Instant) Not Allowed

VPN/VPS

Use paid VPN or VPS, specific IP within specific country each time you connect
Free VPN involve multiple users and sharing the same IP address, which can pose security risks and loss of your account
Sharing your VPS connection with others is prohibited

Payout Policy

Depends on what you select on the purchase page:

One Step Pro: Weekly / Bi-Weekly / Monthly
One Step Prime: Bi-Weekly / Monthly / On Demand
One Step One: Bi-Weekly / Monthly
Two Steps Pro: Bi-Weekly / Monthly / On Demand
Two Steps Prime: Bi-Weekly / Monthly / On Demand
Instant Direct: Bi-Weekly

Note: Once you choose the payout cycle, you can NOT change it after purchasing the account

If you hit the daily loss limit but your account is still in profit, you will receive 100% of the profit under two conditions:
No single trade should have more than 1% profit or loss of the initial account balance
All trades must have a stop loss
The 1-hour payout policy means your payout will be processed within 1 hour after you request it

Scale Up Plan

You can scale your account up to $4 million

To join the Scaling Program:

Minimum of 4 consecutive months starting from the first trade placed
At least 10% total net simulated profit, with 2 out of 4 months being profitable
Complete at least 2 payouts
Maintain a positive account balance at the time of scaling
On first scale: 25% increase of the initial balance
On second scale: 40% increase of the initial balance
On third scale & beyond: 50% increase of the initial balance