MT5
Dx Trade
1. Process
Journey
After purchasing the account, traders will straightaway receive the Hola
Prime Account login
credentials via email, which can also be viewed in the Overview tab of
the Client Area.
This Direct model has no evaluation phase, which means you can become a
Hola Prime X trader
immediately after signing up. This model is especially meant for
professional or experienced
traders so they don't have to wait for evaluation phases. Hence, it has
few additional risk
management rules. But Hola Prime X Trader can start earning from day 1.
It's important to have
a flexible trading system and a strong risk management strategy.
There is no requirement for KYC to purchase or start trading in this
account.
However, you need to upload documents for KYC and sign a contract within
48 hours of
purchasing the account since it’s mandatory for withdrawing payouts.
If any of the rules mentioned in this section are not followed, your
Hola Prime X Account will
be permanently suspended. However, you can always purchase another
account.
No Time Limit
Trading requires maintaining focus and staying on course, even when
challenges arise. It’s
about steady progress, not quick wins, for long-term success. There is
no minimum or maximum
day limit, so traders can take the necessary time to showcase their
skills and strategies
without feeling pressured by time constraints.
Inactivity
Any trading account that is inactive for 30 consecutive calendar days
will be permanently
suspended. A trading day is defined as any day when a trader opens or
closes a trade.
Modifications to stop-loss, take-profit orders, or pending orders do not
count as trading
days.
2. Trading Rules and Pattern
2.1. Daily Loss LimitDaily Loss Limit is the maximum amount a trader is allowed to lose in a day. For the Hola Prime X Account issued under the Direct Model, this limit is set at 4% of the previous day's closing balance.
The trading rule stipulates that the loss on any day, which is the sum of current floating PnL and total PnL on closed trades, cannot exceed the Maximum Daily Loss Limit. The daily maximum loss is reset every day at 17:00 EST server time. For Instance: If at the end of day 2, your account’s closing balance is $110,000, then the Daily loss Limit for Day 3 would be $4,400 ($110,000 * 4%)
This means your equity on Day 3 can't go below $105,600 (110,000-4% of $110,000).
If your equity goes below $105,600 at any moment on day 3, your account will be closed. If during the day, you make a profit of $7,000, then the loss limit during the day shall be allowed up to ($110,000*4% + $7,000), which will be $11,400.
Another Example: You have a $110,000 trading account. During the day, you realize a significant loss of around $2,000. After this, you initiate another trade. At any given moment, if your running trades exceed the floating loss of $2,400, your account will breach the daily loss limit.
Hence, if your trades (including floating losses) exceed a $4,400 loss within any trading day, you're breaching this rule.
2.2 Maximum Trailing Drawdown:
The Maximum Trailing Drawdown is the amount your account's equity or balance can't go below. It is set at 6% of the initial balance. This 6% trails the High Water Mark until the trader reaches 6% profits in the account. Once they have achieved 6% profit in the account, the max trailing locks in at the starting balance and no longer trails the account. Example 1: If you start with a $100,000 account balance your max trailing drawdown will be at 6% ($6,000). This means that your account should not go below $94,000 in equity at any given time.
Example 2: Starting Balance= $100,000
If your account balance reaches $102,000(High Water Mark), your max trailing drawdown will be at $96,000($102,000-6% of Initial Balance: $ 6,000). This means your account should never go below $96,000 in equity or balance at any given time. However, let's say you close a trade with $1,000 loss and your account balance reaches $101,000, your max trailing drawdown will still be at $96,000(High Water Mark: $ 102,000- 6% of Initial Balance: $ 6,000). This means your account should never go below $97,000 in equity or balance at any given time.
Example 3: Starting Balance= $100,000
If your account balance reaches anything above $106,000, i.e. there is growth of 6% in the account, your max trailing drawdown will be locked in at $100,000. This means your account should never go below $100,000 in equity or balance at any given time.
2.3 Minimum Trading Days
There is no requirement for minimum trading days.
2.4 Biggest Loss Cannot Exceed Biggest Win:
The biggest loss recorded in this account must not exceed the biggest gain achieved in the same account. If this condition is not met, the trader must continue trading until the largest loss no longer surpasses the largest gain.
2.5 Consistency Requirement:
The Consistency score should be up to 15%. The consistency score is calculated as follows:
Consistency Score = (Biggest Winning Day / Current Total Account Profit) × 100%. In simple words, it means that the biggest winning day cannot exceed 15% of the total profits made in the account. If the score exceeds 15%, the trader must continue trading until this Score is reduced to 15% or lower.
For example, if the highest profit earned in a day is $5,000, and total profit earned so far is $25,000, then the Consistency score = (5000/25000)*100% = 20%. In this case, the trader must keep trading and earn a total profit of at least $33,333 (Additional profit of $8,333), so that the consistency score is brought down to 15%.
2.6 Minimum Profitable Days
By the end of each 14-day payout period, the trader must achieve at least 3 profitable trading days. The 14-day cycle begins on the date of the first trade executed in the account. A day is considered profitable only if the daily profit equals or exceeds 0.3% of the account balance.
The 14-day period resets either at the conclusion of each bi-weekly cycle or upon the processing of a reward. Failure to meet this requirement by the end of any 14-day period will result in the termination of the account.
3. News and Swing Trading
3.1 News TradingThere is no restriction for trading during any news hours in Hola Prime X Account under the Direct Model, allowing traders to take advantage of market volatility and execute trades without restrictions during high-impact news events.
3.2 Weekend Holding
Traders can trade 24x7 in Hola Prime X Account under Direct Model, ensuring they remain in their positions without the need to close positions before the weekend.
3.3 Overnight Holding Overnight holding of positions is permitted in Hola Prime X Account under Direct Model, 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.
4. No Lots Restriction
You are free to trade as many lots as you like. You can successfully implement your trading methods thanks to this flexibility. The maximum quantity of lots that can be traded, however, might differ based on the platform you're utilizing. Note: For an MT5 trading account, there is a limit of 100 orders including pending orders that you can enter at a time.
5. Trading
5.1. Trading Platform You can choose among the best trading platforms- DX Trade and MT5 Platforms.
5.2 Daily Profit Cap
In Hola Prime X Account under Direct Model the daily profit limit is 3% of the initial balance.
Once the profit earned in a trading day reaches 3% of the initial balance, the active trades will be closed and the amount over 3% will be subtracted. The difference will be calculated based on the balance at 17:00 UTC. Any trade closed in several parts or several trades executed in similar time counts as a single trade. Trading in this account can be resumed the next day
5.3. Tradable instrument
You can trade 110+ Trading pairs such as Bitcoin, Ethereum, Bitcoin Cash, Litecoin, etc. login to your trading platform to check the full list or visit here
5.4. Instrument wise Leverage
The leverage that will be applied on Hola Prime Account under the Direct Model will be:
Bitcoin(BTC): 5:1
Etherium(ETH): 5:1
Altcoins(other coins): 2:1
Note: While our current leverages and margin requirements are fixed, we reserve the right to implement tiered or variable margin requirements at our discretion, and such changes may be made without prior notice.
6. Rewards & Refund
6.1 RewardsThe payouts in Hola Prime X Account issued under the Direct Model are bi-weekly, with the trader being entitled to 80% of simulated profits.
However, the trader has the option to increase the reward up to 90% with an add-on.
If all rules are followed by the trader, they can request a payout every 14 calendar days following the first executed trade on the account, as long as the below given criteria is met:
- The biggest loss recorded in this account must not exceed the biggest gain achieved in the same account. If this condition is not met, the trader must continue trading until the largest loss no longer surpasses the largest gain.
- 15% Consistency
Requirement: The Consistency score should be up to 15%.
The consistency score
is calculated as follows: Consistency Score = (Biggest Winning Day /
Current Total
Account Profit) × 100%. In simple words, it means that the biggest
winning day cannot
exceed 15% of the total profits made in the account. If the score
exceeds 15%, the
trader must continue trading until this Score is reduced to 15% or
lower.
For example, the highest profit earned in a day is $5,000, and total profit earned so far is $25,000, then Consistency score = (5000/25000)*100% = 20%. In this case, the trader must keep trading and earn a total profit of at least $33,333 (Additional profit of $8,333), so that the consistency score is brought down to 15%. - 3 Profitable
Days: By the end of each 14-day period, the trader must
achieve at least 3
profitable trading days. The 14-day cycle begins on the date of the
first trade executed
in the account. A day is considered profitable only if the daily
profit equals or
exceeds 0.3% of the account balance.
The 14-day period resets either at the conclusion of each bi-weekly cycle or upon the processing of a reward. Failure to meet this requirement by the end of any 14-day period will result in the termination of the account.
6.2 Payout Method
The following are the payout methods available:-
Bank Wire, Cryptocurrencies, & Paypal- The minimum amount is $20 (no fees from our end)
Rise- Minimum amount is $500. There is a flat fee of $25.
7. Scaling Plan and Alpha Prime Membership
To qualify for each Scaling in Hola Prime X Account, the following conditions must be met:1) Minimum 4-Months Cycle: Your trading cycle begins with your first trade, and you must trade for a minimum of 4 months.
2) 10% Total Net Simulated Profit: Over the 4-month period, you need to achieve at least 10% total net profit. Out of these 4 months, at least 2 months should be profitable.
3) Two Payouts: You must have received a minimum of 2 payouts during the scaling period.
4) Positive Account Balance: Your account must have a positive balance at the time of scaling.
1st Scaling – 25% Increase
Requirements: Meet initial scaling criteria within 4 months of starting.
Achieve consistent performance as per our benchmarks.
Reward: A 25% increase in your initial balance.
Example: Starting Balance: $200,000
After Scaling: $250,000 in 4 months
Boost your trading potential and reach the next milestone with a larger account size!
2nd Scaling – Alpha Prime Membership & Increased Scaling of 40%
Alpha Prime Membership:
Upon achieving 2nd scaling (after 8 months), traders automatically become Alpha Prime Members with exclusive benefits and enhanced scaling rates.
Requirements: Show consistent trading success and achieve 2nd scaling Reward: A 40% increase in your initial balance (25% base increase + 15% Bonus Scaling for Alpha Prime Membership).
Example:
Starting Balance: $200,000
After Scaling: $330,000 in 8 months
Alpha Prime Members enjoy enhanced growth and privileged status in the trading community.
3rd Scaling & Beyond – 50% Increase Each Time
Requirements: Demonstrate ongoing consistency and commitment as an Alpha Prime Member by meeting the scaling requirements and receiving scaled-up balances every 4 months.
Reward: From the 3rd scaling onwards (after 12 months), get a 50% increase on your initial balance with every successful scaling, continuing until you reach $4 million scaling.
Example:
Starting Balance: $200,000
After Scaling: $430,000 in 12 months
Maximize your trading journey with every milestone, moving closer to trading a substantial trading account with each phase.
| Months | Initial Balance | Scaling % | Scaled Amount | New Scaled Balance | |
| 4 | $200,000 | 25% | $50,000 | $250,000 | |
| 8 | $200,000 | 40% | $80,000 | $330,000 | Alpha Prime Member |
| 12 | $200,000 | 50% | $100,000 | $430,000 | Alpha Prime Member |
| 16 | $200,000 | 50% | $100,000 | $530,000 | Alpha Prime Member |
Check out our scaling calculator
Note: The scaling process is carried out manually by our team. To initiate this process, please contact us through contactus@holaprime.com or visit live chat.
8. Maximum Hola Prime X Account Allocation
Hola Prime X Accounts issued under the Direct Model is $200K, however, it is limited to one active account at a time. What it means is that you could potentially purchase and own more than one Hola Prime X Account at a time, but you can trade only in one Account at a time. If you start trading on one Hola Prime X Account issued under this model, you cannot trade on another one until that account is breached.
9. Expert Advisor
It is not allowed to employ any kind of Experts Advisors(EAs) on a Hola Prime Account under Direct Model.