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Hola Prime News Trading Rule
The Simple Answer
News trading rules at Hola Prime depend on the account type. The Prime, One, and Direct accounts allow news trading freely across all phases. On the Pro account, news trading is allowed during the challenge phases but not allowed on the funded account. No trades can be opened or closed on correlated instruments within 5 minutes before or after a high-impact news event. Trades can be held through news. Profits from violating trades are reversed.
Below is a breakdown of how the Hola Prime news trading rules apply across different account types and stages.
| Challenge Type | Evaluation Phase | Funded Phase |
|---|---|---|
| Instant (Direct) | N/A | Allowed |
| 1 Step (One) | Allowed | Allowed |
| 1 Step (Pro) | Allowed | Not Allowed |
| 2 Step (Pro) | Allowed | Not Allowed |
| 2 Step (Prime) | Allowed | Allowed |
Breakdown by Account Type
Instant (Direct)
There is no evaluation phase for this account. News trading is fully allowed on the Direct funded account with no restrictions. Traders can open and close positions freely around any news event.
1 Step (One)
News trading is fully allowed during the evaluation phase and on the funded account. No restrictions apply at any stage.
1 Step (Pro)
News trading is fully allowed during the challenge phase. On the funded account, news trading is not allowed. No trades can be opened or closed on correlated instruments within 5 minutes before or after a high-impact news event. This includes market orders, pending orders, stop loss triggers, and take profit triggers. Trades that were opened before the restricted window may be held through the news event, provided they are not closed during the window. Profits from any trade executed during the restricted window are reversed. The restriction only applies to instruments directly correlated with the news event; non-correlated instruments can be traded freely.
2 Step (Pro)
News trading is fully allowed during both challenge phases. On the funded account, the same 5 minute restriction applies as with the 1 Step Pro. No trades can be opened or closed on correlated instruments within 5 minutes before or after a high-impact news event. Profits from trades executed during the restricted window are reversed. Trades can be held through the event.
2 Step (Prime)
News trading is fully allowed during both challenge phases and on the funded account. No restrictions apply at any stage.
Warning System for News Rule Violations
Hola Prime does not operate a progressive warning system for news trading violations on Pro funded accounts. Any trade opened or closed within the 5 minute restricted window on a correlated instrument has its profits reversed automatically. Repeated reckless trading around news events can result in account termination. Hola Prime explicitly states that traders found to be trading recklessly around news will have their accounts terminated.
Final Comments
Hola Prime applies news trading restrictions exclusively to the Pro funded account. The Prime, One, and Direct accounts all allow news trading freely without any timing restrictions. On the Pro funded account, the key distinction is that trades can be held through news freely, but opening or closing any order on a correlated instrument within the 5 minute window is not permitted. This includes stop loss and take profit triggers, so traders need to be careful that existing orders do not execute during the window. Non-correlated instruments remain fully tradeable at all times regardless of news events.
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FAQ
Is news trading allowed at Hola Prime?
It depends on the account type. The Direct, One, and Prime accounts allow news trading freely across all phases. On the Pro funded account, news trading is not allowed and a 5 minute restriction window applies around high-impact news events on correlated instruments.
What is the restricted window on the Pro funded account?
No trades can be opened or closed on correlated instruments within 5 minutes before or after a high-impact news event. This includes market orders, pending orders, stop loss triggers, and take profit triggers.
Can I hold trades through news on the Pro funded account?
Yes. Trades that were opened before the restricted window can be held through the news event. The restriction only applies to executing or closing trades within the window. A trade opened before 5 minutes before the release and closed after 5 minutes after the release is fully valid.
What happens if I violate the news trading rule on a Pro funded account?
Any profit from trades executed during the restricted window is reversed. Repeated reckless trading around news events can result in account termination.
Does the restriction apply to all instruments?
No. The restriction only applies to instruments directly correlated with the high-impact news event. Non-correlated instruments can be traded freely during any news event.