Hi, how can we help?

The Hola Prime 2-Step Fly 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 ‘Account Overview’ tab on the dashboard by clicking the ‘Key’ icon.

• Phase 1: Demonstrate your ability to reach the profit target while managing risk.

• Phase 2: Confirm your consistency to prove your performance wasn’t just a one-time event.

• Sim. Funded Account: Trade with an 80% profit split and request payouts daily, any number of times.

Each stage has its own set of rules, explained in the sections below.

Passing Requirements

Profit Target (8%): Traders need to earn a profit equal to 8% of the initial account balance.

Example: On a $100,000 account, you need $8,000 in profit to pass Phase 1, while staying within the loss limits.

Minimum Trading Days (3 Days): You must reach the profit target while trading for a minimum of 3 days in Phase 1.

Hard Breach Rules

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 (3%): The maximum amount you can lose in a single day is 3% of the previous day’s closing balance.

The Formula: Daily Loss Limit = Previous Day’s Closing Balance − (Previous Day’s Closing Balance × 3%)

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 3%, which equals $3,000. This means your equity or balance cannot fall below $97,000 ($100,000 − $3,000) at any time during the day.

• Example 2 (Intraday Profit): If at the end of Day 2, your account’s closing balance is $105,000, then the loss limit for Day 3 would be $3,150 ($105,000 × 3%). This means your equity on Day 3 can’t go below $101,850. If during the day you make a profit of $2,000, then the allowable loss for that day increases to $5,150 ($3,150 + $2,000).

• Example 3 (Floating Loss): You have a $105,000 trading account with a $3,150 daily limit. If you realize a closed loss of $2,000 and then initiate another trade, your account will breach the rule if your running trades exceed a floating loss of $1,150.

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.

Max. Loss Limit (6%, static): Your account equity or balance can never drop below 94% of your initial account balance. The limit does not move, regardless of profits.

The Formula: Max. Loss Limit = Initial Balance − (Initial Balance × 6%)

Example: On a $100,000 account, 6% is $6,000, so your equity or balance can never drop below $94,000. Whether it is day 1 or day 50, if your equity or balance falls below $94,000, the account is terminated.

Calculation Details: The sum of the current floating PnL and the realized PnL on all closed positions must not hit the Max. Loss Limit.

News Trading (Restricted): Traders can hold trades at any time but must not execute (open or close) any trade on instruments affected by high-impact news from 5 minutes before to 5 minutes after the release. This includes market execution as well as pending orders, including stop-loss and take-profit orders. Instruments affected only by low- and medium-impact news can be traded normally. Executing a trade during the restricted window is a hard breach and results in permanent account termination.

Note: It may take up to 24 business hours for your Phase 2 account to be ready. You will be notified as soon as it is enabled and ready to trade.

Passing Requirements

Profit Target (8%): Traders need to earn a profit equal to 8% of the initial account balance.

Example: On a $100,000 account, you need $8,000 in profit to pass Phase 2, while staying within the loss limits.

Minimum Trading Days: There is no minimum trading day requirement in Phase 2.

Consistency Rule (40%): Your Consistency Score must be 40% or lower when you reach the profit target. This means your biggest winning day cannot exceed 40% of the total profit on the account.

Formula: Consistency Score (%) = (Biggest Winning Day / Current Total Account Profit) × 100

Example: On a $100,000 account, the Phase 2 target is $10,000. If your biggest winning day is $5,000 and your total profit is $10,000, your score is 50%. You must continue trading until your total profit reaches at least $12,500 to bring the score down to 40%.

Hard Breach Rules

Daily Loss Limit (3%): Same as Phase 1. Your daily loss cannot exceed 3% of the previous day’s closing balance, and the limit resets every day at 17:00 EST server time.

Max. Loss Limit (6%, static): Same as Phase 1. Your account equity or balance can never drop below 94% of your initial account balance (for example, $94,000 on a $100,000 account).

News Trading (Restricted): Same as Phase 1. Executing a trade on an affected instrument within 5 minutes before or after a high-impact news release is a hard breach and results in permanent account termination.

Once you hit your profit target in Phase 2, the transition to your Sim Funded Account involves a standard verification process:

• Risk Review: Our Risk Team will promptly conduct a review of your entire challenge phase to ensure all rules were followed. The review might take up to 24 business hours.

• KYC & Agreements: In the meantime, you can upload your documents for KYC and sign your contract under the “Agreements” tab.

• Account Issuance: After the review is finalized, you will receive the credentials for your official Hola Prime Sim Funded Account.

Hard Breach Rules

Max. Loss Limit (5%, intraday trailing and locks at 3% below initial balance): The Max. Loss Limit is 5% of your initial account balance and trails based on the highest equity reached during the day. Whenever your account equity reaches a new high, your Max. Loss Limit moves up accordingly. This adjustment happens in real time, even if the floating profit has not been realised by closing the trade. Once the Max. Loss Limit reaches 3% below your initial account balance, it locks at that level and stops trailing. The limit never moves down.

• Example 1 (Gradual Floating Profits): Your account starts with an equity of $100,000. An open trade generates $1,000 in floating profit, taking your equity to $101,000. Your Max. Loss Limit moves up to $96,000 ($101,000 − $5,000). Later, your equity reaches $102,000 due to additional floating profits, moving the limit to $97,000. The limit is now locked. Even if your equity increases further to $104,000 or $105,000, the limit remains at $97,000.

• Example 2 (Losing Trades): Your account starts with an equity of $100,000. During the day, your trades incur losses, and your equity falls to $99,000 and then $97,000. Since your equity has not reached a new high, the Max. Loss Limit remains at $95,000. You have $2,000 of room before a breach.

• Example 3 (Big Floating Profit, Then Losses): Your account starts with an equity of $100,000. An open trade generates $6,000 in floating profit, taking your equity to $106,000. The calculated Max. Loss Limit would be $101,000, but the limit cannot move above $97,000. Therefore, it locks at $97,000. If your open trades subsequently incur floating losses and your equity drops to $100,000, the limit remains at $97,000, leaving you with $3,000 of room before a breach.

• Example 4 (Intraday Breach): Your account reaches an equity high of $101,000 due to floating profits on open trades. Your Max. Loss Limit moves up to $96,000 ($101,000 − $5,000). Later, your open trades incur floating losses, and your equity drops to $95,800. Since your equity has fallen below the applicable Max. Loss Limit of $96,000, your account is breached, even though the trades have not been closed.

Trading Rules

Lot Limit: The maximum position size is capped at 5 lots per order, with no restriction on the total number of trades.

For instance: You can place order for 20 lots of any instrument overall in same direction. However, you will need to place these in groups of 5 lots per trade. But you will be able to place only 5 lots in a single order. This is to reduce any execution issues associates with larger lot sizes.

News Trading (Allowed): There is no restriction on trading during high-impact news events and traders can freely trade news.

These rules apply equally to Phase 1, Phase 2 and the Sim. Funded Account.

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.

Weekend Holding: All trades must be closed before 15:45 EST on Friday. Any open trades will be automatically closed, and the account will be permanently terminated.

Overnight Holding: Positions can be held overnight without interruption.

80% Profit Split with Anytime Payouts: Traders receive an 80% profit split and can request payouts daily any number of times, with no additional payout conditions beyond the minimum withdrawal amount.

Minimum Withdrawal:

• Accounts below $50,000: 1% of the starting balance

• Accounts of $50,000 and above: 0.5% of the starting balance

Example: On a $25,000 account, the minimum withdrawal is $250. On a $100,000 account, the minimum withdrawal is $500.

Capital Allocation: A maximum capital allocation of $400,000 applies to Sim. Funded Accounts.

Payout Methods:

• Bank Wire & Cryptocurrencies: Minimum $50 (excluding firm’s share)

• Supported Crypto: BTC, USDC, ETH, USDT (ERC-20 & TRC-20)

• Rise: Minimum $500 (excluding firm’s share), supports bank & crypto payouts

Payout Processing Fee: A 2.5% payout processing fee applies to all payment methods, subject to a minimum fee of $25 for Rise and Bank Wire and $5 for Crypto.

Commission:

• Phase 1 and Phase 2: Forex & Commodities (Gold): $3 per lot per side; Other Commodities: $1.5 per lot per side; Indices: Zero Commission.

• Sim Funded Account: $8 per lot round trip for Forex, Oil, Indices, and Gold/Silver.

Spreads:

• Phase 1 and Phase 2: Standard spreads apply.

• Sim Funded Account: Spread starts from 0.5 pips

Trading Platform: The 2-Step Fly Challenge is available on Matchtrader, MT5 and TradeLocker.

Tradable Instruments: You can trade Forex, Indices, and Commodities on all our trading platforms.

Note - Cryptocurrency trading is not available on 2-Step Fly accounts. Indices not available on MatchTrader (Fly accounts).

Leverage: The leverage that will be applied on 2-Step Fly account will be:

Forex: 50:1

Exotics: 5:1

Commodities: 2:1

Indices: 10:1

Metals: 10:1

Risk Limit: There is no risk-per-trade idea rule on your 2 Step Fly account in both challenge and Sim. Funded stages. You are free to determine how much risk you wish to take on each trade based on your individual trading strategy, market analysis, and risk appetite. This flexibility allows you to manage your positions according to your preferred trading approach without being subject to a predefined risk limit per trade. However, it is important to remember that all trading involves risk, and your potential losses will depend on your trading decisions, market movements, and available account balance.

Note: The Sim. Funded Account operates in a simulated trading environment, and transactions may or may not be placed with an external exchange, broker or liquidity provider

For a complete overview of Prohibited Trading Practices applicable to the 2-Step Fly (Challenge Account), please refer to this link.