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For over a decade, DailyForex has been the trusted forex broker authority, establishing an unrivaled reputation for rigorous research and journalistic integrity. With a methodology refined through years of industry experience, we empower traders to make informed decisions, which is particularly important when trading with prop firms. Once you’ve explored our in-depth review of the evaluation challenge, and profit sharing at HolaPrime, discover more about our comprehensive review process and how we maintain transparency and impartiality here.
Editor’s Verdict
Hola Prime is a retail prop firm that promises all payouts within one hour, along with transparency. It offers traders four platforms and a maximum profit share of up to 95%. The scaling plan ensures skilled traders can manage up to $4M. My comprehensive Hola Prime review evaluated its Challenges and trading rules. Should you consider a funded account at Hola Prime?
Overview
Hola Prime scales portfolios up to $4M with a maximum profit share of 95%.
Headquarters | Comoros |
|---|---|
Year Established | 2024 |
Minimum Deposit | $48 |
Trading Platform(s) | Other, MetaTrader 5, cTrader, DX Trade |
Minimum Evaluation Fee | $48 |
Profit-share | 90% |
Daily Loss Limit | 3% to 5% |
Maximum Trailing Drawdown | 5% to 8% |
Funded Account Options | 7 |
Minimum Funded Account | $5,000 |
Maximum Funded Account | $300,000 |
I like that Hola Prime strives for transparency and publishes its daily transparency report. Traders can choose from two evaluation structures, and Hola Prime also offers a Direct account without an evaluation.
Hola Prime Trustworthiness & Reputation
Trading with a prop firm, an unregulated business, requires traders to ensure that a trusted brokerage handles all accounts and that the prop firm maintains an excellent reputation among its prop traders.
Is Hola Prime Legit and Safe?
Hola Prime lacks a long operational history, and Trustpilot removed its rating due to a breach of guidelines. Still, 80% of the 98 reviews gave it a 5-star rating versus 6% that provided a 1-star rating.
My Hola Prime review found no verifiable misconduct, and Hola Prime responded to all 1-star reviews on Trustpilot. Therefore, I can recommend Hola Prime to interested prop traders.
Hola Prime Features
Hola Prime follows best practices established across the prop firm industry, which continues its rapid expansion.
The most notable features of Hola Prime are:
- One Hour Payouts
- One-step and two-step evaluation Models
- A Direct account without an evaluation
- A minimum of two trading days per challenge
- A profit target of 10% for the one-step evaluation
- A profit target of 8% and 5% for the two-step evaluation
- A maximum daily drawdown between 3% and 5%
- A maximum drawdown between 5% and 8%
- A maximum profit share of 95%
- Cryptocurrency withdrawals
- Algorithmic trading
- Up to $4,000,000 funded account per trader
- 7-day payouts
Evaluation Fees & Profit-Share
Traders pay a one-time evaluation fee dependent on their desired funded account size and evaluation type.
Minimum Evaluation Fee | $48 |
|---|---|
Maximum Evaluation Fee | $2,249 |
Profit-share | 90% |
Prospective retail traders have seven funding options for one-step and two-step evaluations, with fees ranging between $48 and $1,499. The Direct account has five funded accounts costing between $129 and $2,249.
Please note that traders cannot change the account value once approved, meaning if they qualify on a $5,000 account, they will manage a $5,000 portfolio. The maximum profit share at Hola Prime is 95%.
The minimum evaluation fee at Hola Prime for a $5,000 account is:
Type of fee | Fee (without discounts) |
One-time evaluation fee | $48 |
Monthly evaluation fee | $0 |
Hold-over-the-weekend | $0 |
Increased leverage | Not applicable |
Stop-loss not required at trade entry | Not applicable |
Total fees for a $5,000 account | $48 |
Account Types
Hola Prime offers seven funding options for the one-step and two-step evaluations and five for the Direct account. Prop traders can choose account types of $5,000, $10,000, $25,000, $50,000, $100,000, $200,000, and $300,000. Successful prop traders can scale portfolios up to $4,000,000.
The maximum leverage is 1:100, and the maximum daily drawdown is 3% for the one-step evaluation and 5% for the two-step alternative, with a maximum drawdown of 6% and 8%, respectively. The Direct account has a maximum drawdown of 5%.
What are the Trading Rules at Hola Prime?
The Hola Prime evaluation begins after prospective prop traders choose their preferred evaluation account and pay the one-time evaluation fee. Hola Prime requires a minimum of two trading days per evaluation without a maximum. The profit target, daily drawdown, and maximum drawdown depend on the evaluation type.
Violating the maximum overall loss rule results in a hard breach and cancellation of the evaluation.
The trading rules for the Hola Prime evaluation are:
- 6% maximum loss from the starting balance for the one-step evaluation.
- 8% maximum loss from the starting balance for the two-step evaluation.
- 5% maximum loss from the starting balance for the Direct account.
- 3% daily loss limit for the one-step evaluation and the Direct account and a 5% daily loss limit for the two-step alternative.
- A minimum of two trading days for the evaluation.
Noteworthy:
- Hola Prime does not offer live trading accounts.
- Accepted prop traders will manage demo accounts, and the Hola Prime software duplicates them in live trading accounts of Hola Prime.
- This enhances risk management and compliance for Hola Prime.
Trading Platforms
Traders can use MT5, Match Trader, cTrader, and DXtrade. Each platform has pros and cons and supports unique trading strategies, granting traders a choice to trade their way.
MT4 | |
|---|---|
MT5 | |
MT4/MT5 Add-Ons | |
cTrader | |
Proprietary Platform | |
Automated Trading | |
Guaranteed Stop Loss | |
Scalping |
Education
Hola Prime offers education via the Prime Academy and employs numerous trading coaches to assist beginners. Some traders may appreciate education from a prop firm.
Customer Support
During my Hola Prime review, traders received 24/7 customer support via live chat. Other contact methods included e-mail and phone support, but I recommend the FAQ section as the first point of support interaction, as it answers many questions.
Customer Support Methods |   |
|---|---|
Support Hours | 24/7 |
Website Languages |  |
How to Get Started with Hola Prime
Interested prop traders can start the evaluation after selecting their desired package and paying the one-time fee.
Minimum Evaluation Fee
The minimum evaluation fee at Hola Prime is $48 for the $5,000 account and the two-step evaluation process.
Payment Methods
Withdrawal options |   |
|---|---|
Deposit options |   |
Hola Prime accepts credit/debit cards and cryptocurrency transactions.
Accepted Countries
Hola Prime accepts traders from 175+ countries, but lists Afghanistan, Belarus, Burundi, China, Cuba, Congo, Sudan, Sri Lanka, North Korea (Democratic People’s Republic of Korea), and Yemen as restricted countries.
How to Pay the Evaluation Fee?
Prop traders can pay their evaluation fee via credit/debit cards and cryptocurrencies.
The Bottom Line - Is Hola Prime a Good Prop Firm?
I like Hola Prime as it publishes daily transparency reports, offers four trading platforms, and allows traders to scale portfolios up to $4,000,000. The evaluation fees rank among the cheapest industry-wide, and the Direct account is an excellent choice for skilled traders to skip the verification process. Therefore, I rank Hola Prime among the best prop firms for retail traders.
FAQs
What is the evaluation fee at Hola Prime?
The minimum evaluation fee at Hola Prime is $48.
Is Hola Prime legit?
While Hola Prime lacks operational history, it is a legitimate and duly registered company.
What is Hola Prime?
Hola Prime is the retail prop trading firm launched in 2024.
What is the profit share at Hola Prime?
The maximum profit share at Hola Prime is 95%.
