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In a post-FTX world where trust is scarce, Hola Prime is shaking up crypto prop trading with 1-hour payouts, transparent terms, and trader-first features.
It’s been over two years since the disastrous FTX fiasco. Yet, the lingering anxiety of the incident is still deeply prevalent that every time there’s a slight delay in withdrawal, crypto investors feel their heart rates gallop.
In the high-stakes world of prop trading, the fear is even more palpable. Even today, despite the constant criticisms of the functioning of prop trading firms, traders still have to jump through hoops to withdraw their hard-earned money, facing unexpected payout delays, unclear terms, and sudden account closures. But, are all prop trading firms riddled with these issues?
Before we venture into the world of prop trading, let’s recall what prop trading is. When traders use a company’s funds to trade financial products, such as cryptocurrencies, to earn gains, it is known as proprietary trading (shortened to prop trading). The company that provides the capital is the prop trading firm. Prop trading companies do not conduct any trades by themselves. However, with their capital, they engage in the financial markets through traders.
If the trader makes a profit, this amount is shared between the trader and the prop trading company. The percentage split of the profit is based on a pre-determined contract. But, if the trader makes a loss, the prop trading company bears the loss entirely. This means that the prop trading company takes the full risk of the trade.
Modern Prop trading firms have taken this one step further by letting traders monetize their demo trading. So, instead of giving traders actual capital accounts, they get virtual funds to trade in a simulated trading environment.
Today, we’ll take a look at an up-and-coming prop trading firm that aims to solve many of the challenges in the sector.
Overview
Website: https://holaprimex.com/
Sector: Crypto Prop trading
Payout processing time: 1 hour
Minimum payout period: 7 days
Leverage: Up to 5x
Customer support: 24/7 live chat
Global reach: Presence in 175+ countries
Hola Prime
Hola Prime is a leading prop trading firm. Established in 2024, it is now introducing on-exchange cryptocurrency trading, giving traders direct access to centralized exchange-sourced pricing and a deep liquidity pool via its new website dedicated exclusively to crypto prop trading.
The platform has a presence in over 175 countries and has five offices around the world. The company employs over 100 finance professionals and provides 24/7 customer service to its clients. By integrating on-exchange feed access with Prop trading, Hola Prime ensures that traders get access to funds for trading from Hola Prime, and are able to trade cryptos directly from the exchange price feed, without hidden markups or artificial spreads.
The company’s Managing Director and CEO, Somesh Kapuria, was a former senior executive at Citibank in New York and BlackRock. He brings a wealth of experience to the project.
On its website, the company states that transparency is at the core of all its operations. They ensure no hidden fees or unexpected surprises so that traders can focus on trading. The platform aims for a win-win opportunity where traders can access substantial Hola Prime Accounts and 100+ cryptocurrencies available to trade, giving traders access to multiple altcoins. The firm’s model eliminates unnecessary intermediaries, allowing for tight spreads, faster execution, and deeper market access.
Does Hola Prime fulfill these promises? Let’s take a deeper look at the features of this up-and-coming platform and what the public thinks about this new project.
Features of Hola Prime
- 1-hour payout processing and 10-point payout system: Hola Prime offers several interesting features that set it apart from its competitors. One of its most striking characteristics is its fast payout processing. Hola Prime completes its payments within just one hour. Most other trading platforms require a minimum of 24 hours to process payments, with some even delaying payments for up to 4 working days. According to Hola Prime’s CFO Sumedha, the platform follows a 10-point payout system and completes their calculations at the end of each day to ensure payouts are ready in advance for the next day.
- Reasonable 7-day minimum payout period: At Hola Prime, the minimum payout period — which is the minimum amount of time a trader has to wait after earning profits before they can withdraw it — is 7 days. While there are platforms like Funding Pips that offer a 1-day minimum payout period, most trading platforms take at least 14 days.
- Extensive crypto access via MT5 and DX trade: Hola Prime provides over 110+ cryptocurrencies for trading, compared with just 5 to 10 typically available in Forex CFDs. Furthermore, these 110+ cryptos are going to be available to trade on DX Trade and also MT5, which is the most popular trading platform. This feature of being able to trade using on exchange crypto price feed, on MT5 is currently not available on any other firm in the industry.
- Lower spreads and better execution from exchange price feeds: Moreover, Hola Prime offers lower spreads because the underlying source of the price feed is directly the crypto exchanges. In addition to lower spreads, it also results in better execution because of a deeper liquidity pool. This is not the case in Forex CFDs, where the nature of the product is a CFD (i.e. a derivative), and these CFD prices are sourced from the Forex LPs.
- Challenge fee refund and high profit split: Likewise, Hola Prime refunds 100% of the challenge fee that they charge for the Prime Challenge. For readers who are not aware of challenge fees: Prop trading firms usually require traders to pass a challenge to prove their skills before giving them access to the firm’s money. This challenge comes with a fee. Hola Prime refunds the entire amount once traders pass their challenge. Hola Prime’s rewards split is admirable as it provides traders 95% of the earnings with 0 fees. Compared with other crypto leading firms, Hola Prime presents the best split.
- Flexible evaluation models and balance-based drawdown rules: There are Evaluation models with both 1-Step and 2-Step Prime options and a unique No Evaluation-Direct Model for traders to directly join the crypto prop space. When it comes to balance-based drawdown, Hola Prime emerges as one of the most flexible platforms. A balance-based drawdown is a rule that limits how much a trader can lose based on their account balance. Firms such as Funding Pips and Alpha Capital have stricter terms when compared with Hola Prime, which can be limiting to traders.
- 5x leverage on BTC and ETH with no restrictions: Hola Prime also provides leverage of up to 5x on Bitcoin and Ethereum with no restrictions. This is a higher leverage than what traders get when trading cryptos in the Forex CFD market. It’s another feature that gives traders more flexibility in their trades.
- Transparency reports and risk alerts: Perhaps one of the most distinguishing features of Hola Prime is its transparency reports and risk alerts. As per Ashutosh Sharma, Head of Risk and Compliance at Hola Prime, the transparency report is just as crucial for the firm as it is for its traders, as it guarantees that its liquidity providers offer prices that are in line with the market, fostering accountability at every level. It’s important to note that none of the other major platforms offer transparency reports or risk alerts, making these stand-out features for the platform. For the first time in the Prop trading industry, Hola Prime has established a Risk and Compliance Department. This department takes care of due diligence, risk monitoring, AML, internal audits, and daily account reconciliations, among other matters.
- Free competitions and affiliate program: In addition to all of the above features, another intriguing element of Hola Prime is that it has free competitions. This perk gives traders a chance to participate without extra costs. What’s more, Hola Prime has an affiliate commission program and provides up to 20% commission.
- Prime academy and 24/7 human support: They also have live chat support where users can connect to human customer service round the clock. Lastly, the platform is also preparing to start an exclusive program called “Prime Academy,” where traders can book one-on-one coaching sessions with highly experienced market professionals.
Competitions and other activities
Hola Prime has been conducting various interesting competitions and challenges since its launch. Earlier this year, the platform launched its Prime Bowl 5-Day Trading Challenge, a competition created to challenge traders in an intense, high-stakes environment.
Hola Prime also runs an epic Market Rumble Competition on its website, where traders can win $5k in cash rewards and other exciting prizes.
What’s more, Hola Prime sets a good example by helping the communities it operates in. The platform’s CSR initiatives have benefited several rural communities and organizations in India.
The firm’s volunteer workers have built playfields for children, prepared meals for patients with leprosy, provided children battling cancer with art supplies, and have even planted 300 trees as part of its sustainability mission.
Awards
Hola Prime won the “Best Newcomer Prop Firm” award from the Funded Trading Awards. The Funded Trading Awards honors top-performing prop firms globally. Hola Prime has also been recognized as the “Most Trusted Prop Firm of February 2025” and “Global Prop Firm of The Month of March 2025” by Forex Prop Reviews.
Adding to these achievements, the firm has also been featured in leading publications such as Forbes, FXMAG, FXStreet, among others.
Pros and cons
Hola Prime has various features that work in its favor: 1-hour payouts, transparency reports, risk alerts, 95% profits, refunded challenge fees, leverage up to 5x, fair drawdown limits, etc. The firm offers funding options of up to $100k, with the potential to scale accounts to $4 million, so that traders have access to the capital they need to trade well.
Nevertheless, Hola Prime is a relatively new platform, and it lacks a track record, which might be concerning to some traders. And even though the minimum payout period of seven days is reasonable, some competitors offer quicker access to funds.
Public review
Hola Prime has received a rating of 4.9 out of 5 from 1,308 reviews on Forex Prop Reviews. The platform also maintains a 4.8-star rating on TrustIndex.io. On Reviews.io, 100% of the firm’s reviewers recommend the platform to other traders, with one verified buyer stating, “I recently requested a payout, and I was amazed at how fast it was! In just one hour, the payout was in my account. It’s really quick.”
Conclusion
The crypto prop trading space has always been plagued with issues such as hidden markups or artificial spreads, a lack of transparency, slow payout processing, and rigid trading practices. But firms today are addressing these concerns with smart solutions. With its 1-hour payouts, transparency reports, tight spreads, and flexible trading programs, Hola Prime aims to revive the space with a more trader-friendly approach. It remains to be seen whether Hola Prime can achieve this goal, but so far, its efforts are commendable.
To learn more about Hola Prime, interested traders can visit its official website and social media.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
