Hola Prime – Prop Firm Review
- Premium forex account management service
- Expert analysts guide your investments
- Superior performance through proven strategies
- Transparent reporting on all trades
- Capital safety is top priority
# Hola Prime Review
Company Overview
Hola Prime is an innovative proprietary trading firm that offers traders the opportunity to access substantial capital for trading in global financial markets. Founded with the mission to empower traders worldwide, the company provides a streamlined path to becoming a funded trader through its challenge programs. Hola Prime stands out for its transparent evaluation process, competitive profit splits, and flexible trading conditions.
The firm caters to both novice and experienced traders with various account sizes ranging from $10,000 to $200,000. What distinguishes Hola Prime is its two-phase evaluation process – the Challenge and Verification phases – designed to identify disciplined and consistent traders. Once successful, traders can trade with the firm’s capital and keep up to 90% of the profits they generate, creating a potentially lucrative opportunity without risking personal capital.
With its user-friendly platform interface, comprehensive educational resources, and responsive customer support, Hola Prime has established itself as a reputable player in the prop trading industry.
Key Features at a Glance
Challenge Fees
- Standard Challenge – One-time fee starting from $199 for $10,000 account, scaling up based on account size
- Professional Challenge – One-time fee starting from $299 for $10,000 account with more flexible trading conditions
- Reset Fee – $49-$149 to restart a failed challenge (varies by account size)
- No monthly subscription fees after becoming funded
Account Types
- Standard Challenge: 10% profit target in both phases, 5% daily drawdown limit, 12% maximum drawdown limit
- Professional Challenge: 8% profit target, 8% daily drawdown limit, 12% maximum drawdown limit with increased trading flexibility
- Funded Account: Real capital account with bi-weekly profit payouts and potential for scaling
Profit Split Options
- Standard: 80/20 split – Trader keeps 80% of profits while Hola Prime retains 20%
- Elite: 90/10 split – Available for consistently profitable traders and larger account sizes
- Scaling Program: Profit split can increase to 90% after demonstrating consistent profitability
Account Sizes
- $10,000: Entry-level account ideal for beginners starting their trading journey
- $25,000: Mid-tier account for traders with some experience looking for more capital
- $50,000: Advanced account for experienced traders with proven strategies
- $100,000: Professional-level account offering substantial trading capital
- $200,000: Premium account designed for high-performing traders with extensive market experience
Trading Platforms
- MetaTrader 4 (MT4): Classic trading platform with reliable execution and extensive analytical tools
- MetaTrader 5 (MT5): Advanced platform offering additional timeframes, order types, and enhanced backtesting capabilities
- Trader Dashboard: Proprietary web interface to monitor account metrics, performance statistics, and trading history
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads
- Commodities: Gold, silver, oil, natural gas, and agricultural products
- Indices: Major global stock indices including S&P 500, NASDAQ, DAX, and FTSE
- Cryptocurrencies: Major digital assets including Bitcoin, Ethereum, and other popular altcoins
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | 30 Days | 60 Days |
| Profit Target | 10% | 5% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 12% | 12% |
| Minimum Trading Days | 10 Days | 10 Days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | 30 Days | 60 Days |
| Profit Target | 8% | 4% |
| Daily Drawdown | 8% | 8% |
| Maximum Drawdown | 12% | 12% |
| Minimum Trading Days | 5 Days | 5 Days |
Challenge Specifications
- Max Allocation: Traders can qualify for account sizes up to $200,000 through the challenge programs
- Scaling: Successful traders can qualify for scaling up to 4x their initial account size after demonstrating consistent profitability
- Trading Competitions: Quarterly trading competitions with additional cash prizes for top-performing traders
- Free Trial: 14-day demo account available to test the platform and trading conditions
- Profit Targets: Ranging from 5% to 10% depending on the challenge phase and account type
- Drawdown Structure:
- Daily: 5% for Standard, 8% for Professional (calculated from account starting balance)
- Maximum: 12% across all account types (calculated from account starting balance)
- Trailing: No trailing drawdown – only fixed daily and maximum drawdown limits
Trading Rules and Requirements
- No news trading restrictions during major economic events
- Weekend holding is permitted for all instruments except cryptocurrencies
- No minimum trading days in funded accounts (minimum trading days only apply during challenge phases)
- Prohibited strategies include martingale, grid trading, arbitrage, and excessive use of EAs
- Maximum lot size is 30 standard lots per trade for $200,000 accounts (scaled proportionally for smaller accounts)
- Trading time restricted to official market hours for respective instruments
- Account must remain active with at least one trade per month after funding
Company Information
- Founded in 2018 by a team of professional traders and financial experts
- Headquartered in London with additional offices in New York and Singapore
- Regulated by financial authorities for capital management operations
- 24/7 customer support available via live chat, email, and phone
- Active community of over 25,000 traders worldwide
- Educational resources including webinars, tutorials, and market analysis
Payout Methods
- Bank Wire Transfer (2-5 business days)
- PayPal (1-2 business days)
- Skrill (1-2 business days)
- Cryptocurrency (Bitcoin, Ethereum) (Same day processing)
- Wise/TransferWise (1-3 business days)
- Minimum payout amount: $100
- Bi-weekly payout schedule (requests processed every two weeks)
Trading Commissions
- Forex: $7 per lot round turn (standard lot)
- Indices: $7 per lot round turn
- Commodities: $8 per lot round turn
- Cryptocurrencies: 0.1% of trade value
- No additional fees or hidden charges
- Spreads are variable and market-dependent, averaging 0.5-1.5 pips for major forex pairs
IP Rules
- Multiple accounts from the same IP address are allowed but must be declared
- VPN usage is permitted but must be consistent throughout the evaluation process
- Location changes must be communicated to support team beforehand
- Account sharing is prohibited and will result in account termination
- Multiple device logins are allowed but should be registered with customer support
Video Review
Hola Prime Review
Comprehensive review of Hola Prime trading services
Unique Features
Trading Flexibility
- News trading allowed with no restrictions during high-impact economic events
- Weekend holding permitted for most instruments
- No minimum trading day requirements after funding
- Scaling program for account growth based on performance
Trader Support
- One-on-one coaching sessions available for funded traders
- Comprehensive educational resources including webinars and tutorials
- Active trader community with forums and discussion groups
- Daily market analysis and trading ideas provided by in-house analysts
Why Choose Hola Prime?
Hola Prime stands out in the crowded prop firm landscape by offering exceptional value, transparent rules, and trader-friendly conditions. The firm was designed with both beginner and professional traders in mind, delivering a platform where disciplined trading strategies can be rewarded with significant capital backing.
Key advantages include:
- More flexible trading rules compared to many competitors, including news trading allowance
- Competitive one-time challenge fees with no monthly subscriptions after funding
- Generous profit splits up to 90/10 for consistent performers
- Bi-weekly payouts with multiple withdrawal options
- Scaling program that can increase account size up to 4x initial allocation
- Comprehensive trader support and educational resources
- Transparent evaluation metrics with realistic profit targets
Frequently Asked Questions
How long does it take to get funded?
The time to get funded depends on your trading performance. Traders must pass two phases: the Challenge Phase (with a 10% profit target for Standard accounts or 8% for Professional accounts) and the Verification Phase (with a 5% or 4% profit target respectively). Minimum trading day requirements apply in both phases. If you meet the profit targets while respecting all rules, you can get funded in as little as 15-20 trading days (Professional Challenge) or 20-30 days (Standard Challenge).
Can I hold positions over the weekend?
Yes, Hola Prime allows weekend holding for most instruments. Traders can maintain positions over weekends in forex, indices, and commodities markets. However, cryptocurrency positions should be closed before market close on Friday due to the higher volatility in these markets. Remember that holding positions over the weekend may expose you to gap risk when markets reopen.
What happens if I break a rule?
If you break a trading rule, the consequences depend on the severity and context of the violation. Minor violations may result in a warning, while significant violations like exceeding maximum drawdown limits will automatically terminate the challenge. For funded accounts, rule violations may lead to account suspension, profit forfeiture, or termination depending on the severity. If you’re unsure about any rules, it’s recommended to contact support before taking action that might violate the terms.
Can I trade news events?
Yes, Hola Prime allows trading during news events and economic announcements. Unlike many other prop firms, there are no restrictions on news trading, giving you the flexibility to implement strategies around high-impact economic events. However, traders should be aware of the increased volatility and wider spreads that often occur during major news releases.
How often can I withdraw profits?
Funded traders can request profit withdrawals on a bi-weekly basis. Withdrawal requests are processed every two weeks with various payout methods available, including bank transfers, PayPal, Skrill, and cryptocurrencies. The minimum withdrawal amount is $100, and processing times vary by payment method (typically 1-5 business days). There are no restrictions on the percentage of profits you can withdraw – you’re entitled to your full profit share as per your agreement (80% or 90%).
