There are much better futures prop firms with better rules and sites
I used HolaPrime for 1 step futures challenge I feel compared to other prop firms I use FundedSeat,MFF, FFN, YRMProp this is the one with the most amount of rules and for the cost you pay you could get more for less in other prop firms.
Here's the fine print you should know before you are willing to purchase account
1. Getting to the correct Faq's isn't as straightforward as you might think: While this should be the easiest thing to find and what's needed to know the rules the ux flow needs serious help. If you go to holaprime.com you will notice that Faq is not a top level menu item you either have to go to Trading and the click Faq under forex or futures or scroll to the bottom of the page and it's not even intuitive where your dropped to. I guess you can use the help chat but it's weird. Prop firms are big on the please follow the rules and terms and conditions but they are not even making it easy to find. I also imagine anyone who needs the use of accessibility tools would find this an additional unnecessary barrier.
2. The 2% rule: Once funded you are not allowed to risk more than 2% of initial account balance even if you are in profit. Simply put the fact I could be up 10,000 on an account and can't risk more than $500 on a 25k futures account doesn't make much sense. I think a risk per day or stop loss makes more common sense. While the firm mentions this is better for the trader this seems more of a restriction than a help. While consistency is stated as the most important thing for a prop firm earning more seems to go against you instead of in your favor at other prop firms. If this is a really important rule to the firm I suggest they apply it to the evaluation phase as well. They'll probably notice it's doesn't protect the trader as much as they like and a lot less traders will be funded.
3. Beware of Hidden Fees
On the top level it can seem Holaprime has a lot of sales at good price points but here are additional fees you should keep in mind. The activation fees are $149 for all futures challenge accounts while you might see this waived at other firms you still have to pay them at holaprime. For example if you bought a 50K futures account on sale for $50 it will cost a total of $200 to get it funded including fee to purchase challenge. For that price you could just buy a challenge at another firm. Also the 1 Hour payouts are not free there is an additional fee charged regardless of payment method. You'll find alot of this in faqs/helpcenter its unfortunate its not as easy to find.
Reply from Hola Prime
Dear Ijeoma,
Thank you for taking the time to share your feedback. We truly appreciate your detailed perspective, and our goal has always been to ensure clarity and transparency for all traders on our platform.
Please note that the 2% loss limit per trade idea is in place to promote long-term sustainability and sound risk management. While we understand that different prop firms may adopt varying approaches, many major firms implement similar or even more conservative risk parameters.
Regarding fees, we would like to clarify that we do not apply any hidden charges. All applicable costs - including challenge fees and activation fees - are clearly stated on our website. We also do not charge fees for payouts. Any fees incurred during the payout process stem directly from the payment provider and are disclosed in advance.
Our FAQs are readily accessible under the Trading section for both Forex and Futures, with multiple navigation paths depending on the product a trader is reviewing. We understand that browsing preferences may vary, and if anyone encounters difficulty finding information, our support team is always available to assist, provide direct links, and ensure that all rules are fully understood prior to purchase.
We remain committed to maintaining a transparent, fair, and supportive environment for all traders. If you or any trader has additional questions or would like clarification on any policy, our team is always here to help.
Sincerely,
Team Hola Prime
