Prohibited Trading Practices

Hola Prime X strictly prohibits any kind of exploitation of the platform. Traders should read all Terms and conditions carefully before using our platform. The conditions below apply to all accounts, whether in the challenge or Hola Prime X phases.

Hyperactivity/Excessive Trading

If there is an excessive level of trading by the trader, whether through too frequent trades or rapid modification to pending trades, Stop Loss, Take Profit, etc, which leads to too much risk being taken on the entire or almost entire account balance, it will be considered as a breach of our terms and will result in account termination.

Account or Device Sharing

If a trader shares their Hola Prime X Account or the device on which they are using Hola Prime X, resulting in sharing the Hola Prime X Account or selling it, it will be considered a direct breach of our Terms of Service. To ensure fairness towards all clients, there is a Zero tolerance policy towards such behavior.

Gambling/Speculative Trading

Setting up several buy and sell orders at various price points both above and below the current market price, to take advantage of price changes is prohibited. When the market rises and falls, hitting different price points, it raises risk because numerous losses can occur at once from a significant market movement in one direction. Hence, it is prohibited to use this tactic. For instance: If a trader sets several buy orders at $150, $155, and $160 and multiple sell orders at $170, $175, and $180. The trader makes profit if the market moves between these levels. However, all of the buy orders will lose equity if the market falls sharply below $150, resulting in huge losses. Similarly, continuous buying or selling of any instrument without taking into account technical signs, economic indicators, or fundamental news that could point to a future price gain or drop is a kind of betting with unfavorable risk-reward ratios. Because of its speculative nature and substantial loss risk, entering into these sorts of trades is prohibited. For Instance- If a trader consistently buys a specific instrument without taking into account any potential risk or signs of an impending market decline. They run the risk of suffering substantial losses if the instrument’s price drops unexpectedly due to their lack of diversification.

Arbitrage trading

It is prohibited to take advantage of price differences or delays across several marketplaces or platforms in order to make gains without taking any risks or fair market analysis as it is an unethical practice and works against fair market conditions. 

Using Expert Advisors and algorithms

It is not allowed to employ any kind of expert advisors (EAs) on Hola Prime X Accounts issued under Direct model.

Copy Trading

It is allowed for traders to engage in copy trading from one account to another HolaPrime account, provided that the accounts are owned by the same individual. However, copy trading between multiple accounts not owned by the same individual, including those of relatives, family members, or friends, is strictly prohibited. In addition, the following activities are also prohibited: It will be deemed copy trading and a breach of our conditions if a sizable portion of a trader’s trades are identical to those of one or more traders based on the following- opening price, closing price, lot size, lot ratio, symbols, etc. This could also indicate group trading, signal services, passing services, or any other service that bypasses individual strategies which are not allowed. In such a scenario, all associate accounts will be immediately terminated.

Hedging or executing reverse trades

It is allowed to hedge or open buy or sell trade in the same instrument inside the same trading account.  However, it is prohibited to open buy and sell trades in the same instrument across many accounts or in a group. For Instance: It is prohibited to hedge a trade over two accounts by buying one lot of EUR/USD on Account-1 and selling one lot of EUR/USD on Account-2 at the same time by the same trader. 

Tick Scalping or High-Frequency Trading (HFT)

It is not allowed to use sophisticated expert advisers, algorithms, and fast communication networks to profit from small price fluctuations by executing a high volume of trades within a short time frame because of its potential for market manipulation and disruptive trading activities. By making trades extremely quickly, these algorithms are able to profit from even the slightest price swings, giving them an unfair edge over other traders. These algorithms strain market liquidity by the quick influx of orders and subsequent cancellations. Owing to this several traders might not get their trades executed at fair pricing.  …………………………………………………………………………………………………………… If our Risk Management Team detects that a trader’s trading constitutes Prohibited Trading practices, their participation in the program will be terminated and will result in forfeiture of any accrued trader payout, and fees paid to the Company. Before any Trader shall receive a Hola Prime X Account, the trading activity of the Trader under these Terms and Conditions shall be reviewed by the Prop Firm’s Risk Management Team to determine whether such trading activity constitutes Prohibited Trading. In the case of Prohibited Trading, the Trader shall not receive a Hola Prime X Account.