Prop Firm Hola Prime Launches Futures Trading Division

Hola Prime, a proprietary trading firm, has announced the launch of a new futures trading division. The company states that this new service will feature a withdrawal processing time of one hour, a timeframe it claims is unprecedented in the proprietary trading industry.

According to Hola Prime, the new futures division allows traders to access up to $150,000 in funding through either a single evaluation challenge or direct account access, and notably eliminates daily loss limits and complex rule structures often seen among competitors.

Somesh Kapuria, CEO of Hola Prime, commented, "Futures prop trading has been shaped by legacy systems that serve firms more than traders. We're rewriting that logic." The one-hour withdrawal service is supported by what the firm describes as a "10-point payout system" designed to automate approval processes, contrasting with typical industry withdrawal times of three to 14 days.

Sumedha Sharma, CFO of Hola Prime, added, "Most prop firms still operate on outdated withdrawal cycles — three days, five days, even two weeks. But when a trader qualifies, they've done the work." The futures platform provides access to instruments on CME, COMEX, NYMEX, and CBOT exchanges through three trading interfaces: Project X, Quantower, and R Trader Pro.

Hola Prime has also integrated MetaTrader 4, bringing its total platform offerings to five. This expansion follows a trend of CFD prop firms diversifying into futures amidst increasing competition in 2024.