Hola Prime Makes Stop-Losses Mandatory a Day After Launching a Programme Marketed as 'No Risk Rule'
Two rule movements at one firm inside 48 hours, pointing opposite ways. A tracker records the stop-loss mandate on all Sim. Funded accounts; the firm's own rules pages show no such rule for Prime X.
Hola Prime moved its rulebook twice in two days, and the two moves point in opposite directions.
On 1 September, per the dated change feed at the tracker PropScorer, the firm launched 2-Step Prime X. It heads the company’s homepage under the banner “2-Step PRIME X | No Risk Rule and 10% Max Loss Limit”, and its product page sells the absences: no maximum risk limit per trade idea, “No Mandatory Stop Loss”, no ten-minute window between trades, a 10% maximum loss limit. Phase one asks 10% across a minimum of five trading days, phase two 5% across five more, from a stated $39 starting fee.
On 2 September, per the same feed, a stop loss became mandatory on every trade across all Forex and Futures Sim. Funded accounts, retiring what PropScorer records as a previous three-minute requirement. Hola Prime itself has published no announcement this desk could find, checked on 3 September, the day before publication; the scope is PropScorer’s wording. The 1-Step Prime plan’s Sim. Funded objectives in the forex trading rules state that “A Stop Loss is mandatory for every trade” and that its absence “will be considered as infinite risk by default”, inside a Risk Per Trade Idea card capped at 2%; 2-Step Prime and 2-Step Pro carry the same card, 2-Step Prime X does not. The futures rules page carries the sentence word for word, the cap there 2% on Tradovate and NinjaTrader and 1% on DX Futures.
On the pages this desk could read, the two sources disagree, and that is the point. PropScorer’s entry says all Sim. Funded accounts; the firm’s own plan data gives 2-Step Prime X, the programme in the headline, no such card at either stage.
The regulatory dressing needs the same care. Prime X is marketed under the heading “Backed by a Regulated, Award-Winning Broker”. The footer is more exact than the headline: simulated trading is run by Hola Prime Limited of Tseung Kwan O, Hong Kong, with a Cyprus subsidiary, HE 454359; MT4 and MT5 sit with Hola Prime Limited of Port Louis, Mauritius, company number 220248, which the footer says is authorised and regulated by the Mauritius Financial Services Commission as an Investment Dealer under licence GB24203729; DXtrade, cTrader and Match-Trader run through Gooey Trade, GT Tech LLC of Boca Raton, Florida. This desk could not open the FSC’s register to check that licence, so it stands as the company’s own claim. Whatever it covers, a Mauritian permission held by a broker is not FCA authorisation and does nothing for a buyer here, which is the perimeter problem we have set out separately. The same footer states the firm is not a broker, accepts no deposits, and provides simulated trading and educational tools.
A rulebook that moves twice in two days is one a buyer cannot read once. The fee is money at risk in a paid evaluation of a simulator, trading carries a substantial risk of loss, and nothing here is advice.