Hola Prime X has partnered with best trading platforms to provide its traders with demo accounts with virtual money, allowing traders to showcase their performance in a simulated trading environment. Our clients trade on these demo funds, and no trades in these accounts are ever executed in live markets.
Hola Prime X actively assesses the trading activities of its Traders within this simulated environment. By leveraging an advanced internal algorithm, we evaluate the strategies used by Hola Prime X traders in these demo accounts. This helps us to gain insights and help form our own trading strategies, which are then implemented in the real market.
Throughout this process, we may analyze and incorporate insights derived from the performance data of the traders. Nevertheless, these activities are managed independently, ensuring both processes are conducted with complete separation without impacting our Hola Prime X Traders simulated trading.
Overview
Hola Prime X was launched with a mission to revolutionize the prop trading industry with the highest levels of transparency. Our vision is to set the benchmark for transparency in prop trading, creating long-lasting value for traders and reshaping the prop trading industry through integrity, innovation, and open collaboration. We have remained dedicated to this mission by delivering exceptional services, and enabling clients who wish to take up trading successfully as a full time profession.
We are proud to have implemented a unique framework to identify and support skilled traders. This framework includes an online ecosystem consisting of training programs, advanced analytical tools, and a platform for simulated trading across diverse financial instruments.
In addition, we actively trade with our own funds and leverage the data points derived from simulated trading performed by selected Hola Prime X traders within our ecosystem.
The first step in the process is the renowned Hola Prime X Challenge. This Challenge program offers a comprehensive suite of educational resources, analytical tools, and trading simulations with real market conditions for various trading instruments. Traders use a demo account linked to real-time market data to trade with virtual funds. The goal is to achieve predefined objectives while adhering to transparent and structured rules.
This stage evaluates participants’ trading skills and aptitude. Successful traders advance to the Verification phase, ultimately earning the opportunity to access the Hola Prime X Account, which offers monetary rewards based on simulated trading performance (details in the Hola Prime X Account section).
The rules governing the Hola Prime X Challenge mirror those applied in market trading, particularly in risk management. This approach not only educates clients on trading fundamentals but also allows Hola Prime X to objectively evaluate traders’ capabilities for potential integration into its ecosystem.
Even those who do not advance through the entire process benefit immensely from the experience. They gain hands-on training, access to educational materials, and insights from the Hola Prime X Academy. The academy offers personalised coaching, video tutorials, and analytical resources, all designed to enhance trading expertise without risking personal or external capital. Every participant leaves with valuable skills and experience.
Hola Prime X is committed to implementing robust procedures that comply with legal and regulatory requirements related to Know Your Customer (KYC), Customer Due Diligence (CDD), and Advanced Due Diligence (ADD). After collecting the necessary documents, the Customer will be directed to the “Agreement Signing” stage, where they must provide their full name and address and agree to the terms and conditions of the agreement. The verification process will then begin, and upon successful completion of Verification grants access to the Hola Prime X Account.
The Hola Prime X Account operates in a simulated environment with virtual funds. Traders don’t handle real funds directly; instead, they receive real cash rewards based on the profitability of their simulated trades, provided they adhere to the contractual terms.
Traders’ simulated performance data is used by Hola Prime X to inform its proprietary trading activities. However, traders are guaranteed their contractual payouts regardless of whether Hola Prime X chooses to leverage their data for live trading or not.
The purpose of this is to build confidence in our clients through a comprehensive educational program, and to sharpen their skills.
Hola Prime X uses advanced algorithms to analyze and, in some cases, replicate simulated trades from its clients for its trading activities in real markets.
We carry out our trading activity using our real funds, separate from the traders’ demo accounts. Throughout this process, whether the trader’s trades are mirrored or not, does not impact the trader who is trading with demo funds. Hence, these activities are managed independently, ensuring both processes are conducted with complete separation without impacting our Hola Prime X Traders’ simulated trading.
Hola Prime X conducts all simulated trading on its proprietary infrastructure, using platforms such as DX Trade, and MT5. While the trading environment is simulated, the platforms are fed real-time market data from liquidity providers, ensuring an authentic trading experience.
Simulated trades conducted during the Hola Prime X Challenges in the Hola Prime X Account are executed under consistent conditions. These conditions are transparently shared with clients, reflecting the firm’s commitment to replicating real trading scenarios as faithfully as possible. There is no hidden manipulation or application of unique terms for individual clients. Uniform conditions apply across the board, regardless of trading strategies or performance outcomes.
Comprehensive details regarding available instruments, associated commissions, spreads, and other related information are clearly outlined on the trading platforms, ensuring complete transparency for all users.
Risk Management & Due Diligence
At Hola Prime X, to manage all of the above processes seamlessly, and much more, we have a dedicated team. This is something unheard of in the Prop Trading industry, considering there are no Regulatory bodies involved. The trades management, financial management- everything happens in a Self Regulated Model through this team.
There are daily reconciliations, maker-checker systems, frequent surprise audits, minute planning meetings, etc. to ensure that our clients experience a meaningful and rich user experience.
This includes our commitment to process your hard earned payouts within 1 hour.
