Hola Prime Launches 2-Step Fly: Funded Account With No Daily Loss Limit and Anytime Payouts

Hola Prime has launched 2-Step Fly, a two-phase Forex challenge. The firm presents it as the first of its kind in the industry: the sim funded account has no daily loss limit, no risk-per-idea limit and no consistency rule.

It comes in four sizes: 10K for $89, 25K for $199, 50K for $349 and 100K for $598. Trading runs on MT5 and TradeLocker.

Evaluation phase

• 8% profit target in Phase 1 and 8% in Phase 2.
• 3% daily loss limit, based on the previous day closing balance.
• 6% maximum loss, static on the initial balance.
• Phase 1: at least three trading days. Phase 2: 40% consistency rule.
• Trading high-impact news and holding positions over the weekend are restricted.

Sim funded account

The only loss rule is a 5% maximum drawdown that trails the highest end-of-day balance and locks at 3% below the initial balance. There is no profitable-day minimum and news trading is allowed. Each order is capped at 5 lots.

The profit split is 80%. Payouts can be requested anytime, several times a day, once profit reaches 1% of the initial balance on 10K and 25K accounts, or 0.5% from 50K.