Scalping and High-Frequency Trading
Both firms permit scalping, but the technical environment and costs differ significantly for those who trade the lower timeframes.
- Costs and Commissions: Hola Prime is notably more economical for high-frequency traders, charging a $3 commission per lot on Forex, compared to the $7 per lot charged by Tradexprop.
- Platforms: Scalpers at Hola Prime can choose between MetaTrader 5, cTrader, MatchTrader, and TradeLocker. Tradexprop offers cTrader, MatchTrader, and DXTrade.
- Risk Interaction: Hola Prime’s static drawdown on Pro and Prime accounts is safer for scalpers holding multiple positions, as the floor doesn't move up with floating profits. Tradexprop’s 5% daily loss limit is calculated from the higher of the prior day's balance or equity, which requires strict intraday management.
Day Trading and News Trading
The ability to trade during high-impact events is a major divider between these two firms.
- News Restrictions: Hola Prime is very flexible on its "Prime" and evaluation accounts, allowing news trading without restrictions. However, on "Pro" and "Direct" accounts, there is a 10-minute restricted window (5 minutes before and after). Tradexprop is stricter, prohibiting the opening of positions within 3 minutes of news events across all plans.
- Execution Rules: Hola Prime requires a Stop Loss on all funded accounts. Tradexprop does not mandate a Stop Loss, giving day traders more flexibility in how they manage their entries, though it increases the risk of a hard breach during volatility.
Swing Trading and Weekend Holding
For traders who hold positions for days or weeks, the rules regarding the market close are critical.
- Weekend Policy: Hola Prime allows weekend holding on Prime and Pro evaluations. However, funded Pro and Direct accounts must be closed by Friday; failure to do so results in suspension (Pro) or a hard breach (Direct). Tradexprop allows weekend holding on all Evaluation accounts, but its "Instant Funded X" plan requires an add-on fee to keep trades open over the weekend.
- Drawdown Type: Swing traders at Tradexprop benefit from the 6% static drawdown on evaluations, which doesn't "eat" into their profit cushion. On the other hand, Hola Prime’s Direct accounts use a trailing drawdown that locks at the starting balance once the distance is earned.
Automated Trading (EAs)
The use of Expert Advisors is permitted by both firms, but with very different cost structures and platform limitations.
- Surcharges: Hola Prime treats EA trading as an optional "Add-on" that costs an extra 10% of the base fee. Furthermore, EAs are only allowed on the MetaTrader 5 platform.
- Strategy Rules: Tradexprop allows EAs for free across its platforms (cTrader, MatchTrader, DXTrade) but strictly prohibits "off-the-shelf" or third-party bots designed specifically to pass challenges. Strategy switching between the evaluation and funded phases is also banned.
- Interactions: At Hola Prime, combining EAs with the weekend restriction on Pro accounts means automated systems must have a hard-coded Friday exit, or the trader must pay for the Prime model.
Copy Trading and Hedging
Both firms allow these styles under strict "own-account" conditions to prevent group trading or signal sharing.
- Copying Limits: Hola Prime allows copying between your own accounts but limits funded accounts to one "Master" and one "Copier." Tradexprop allows copying as long as you are the owner of all accounts, but mirror trading or group trading is a prohibited strategy.
- Hedging: Both firms permit hedging within a single account. However, cross-account hedging (buying on one and selling on another) is strictly prohibited and will lead to account termination in both cases.
If you trade like this
- The MetaTrader 5 Automator: Choose Hola Prime. It is the only one of the two offering MT5, though you must pay the 10% EA add-on.
- The News Trader: Choose Hola Prime (Prime model). Tradexprop’s 3-minute restriction is a hard barrier for news-driven strategies.
- The Low-Cost Scalper: Choose Hola Prime. The $3 commission is less than half of Tradexprop’s $7 fee, which significantly impacts the bottom line of high-volume traders.
- The DXTrade User: Choose Tradexprop. This platform is a staple for many modern traders and is not available at Hola Prime.
- The Instant Funding Seeker: Choose Tradexprop. Their "Instant Funded X" allows immediate access to capital, whereas Hola Prime’s "Direct" model has more complex scaling and payout cycles.
Frequently asked questions
Which firm is cheaper for a $100,000 evaluation, Hola Prime or Tradexprop?
Hola Prime is cheaper for standard evaluations. A $100K 2-step Prime account at Hola Prime costs $569, while the equivalent 2-step account at Tradexprop costs $615. For 1-step evaluations, Hola Prime charges $579 compared to Tradexprop’s $795.
Does Hola Prime or Tradexprop have better conditions for news trading?
Hola Prime offers better conditions for news traders, specifically within its Prime and evaluation accounts where there are no restrictions. Tradexprop prohibits opening positions within 3 minutes of news events across all its plans, and Hola Prime's Pro/Direct accounts also have a restricted 10-minute window.
Which firm allows EAs on MetaTrader 5, Hola Prime or Tradexprop?
Only Hola Prime allows trading on MetaTrader 5 and supports EAs on that platform, provided you pay a 10% surcharge add-on. Tradexprop does not offer the MetaTrader platform, providing cTrader, MatchTrader, and DXTrade instead.
Is the maximum drawdown static or trailing at Hola Prime and Tradexprop?
Both firms use different models. At Hola Prime, Pro and Prime accounts use a static drawdown (a fixed floor), while Direct accounts use a trailing drawdown. At Tradexprop, Evaluation accounts use a 6% static drawdown, while the Instant Funded X accounts use an 8% trailing drawdown.
