Prop Trading Firm Hola Prime Launches Futures Offering, Adds MetaTrader 4

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Hola Primelaunched a futures trading division that promises to process withdrawals withinone hour, a timeframe the company claims is unprecedented in the proprietarytrading industry.The firmalso added MetaTrader 4 integration to its existing forex services, bringingits total platform offerings to five different trading interfaces, includingMetaTrader 5.Hola Prime Launches 1-HourWithdrawal Service for FuturesHola PrimeFutures allows traders to access up to $150,000 in funding through either asingle evaluation challenge or direct account access. The service eliminatesdaily loss limits and what the company describes as complex rule structurescommon among competitors."Futuresprop trading has been shaped by legacy systems that serve firms more thantraders," said Somesh Kapuria, CEO of HolaPrime. "We're rewriting that logic."Theone-hour withdrawal claim centers on what Hola Prime calls a "10-pointpayout system" that automates approval processes. Most proprietary tradingfirms typically require three to 14 days for withdrawal processing, accordingto the company."Mostprop firms still operate on outdated withdrawal cycles - three days, five days,even two weeks," said Sumedha Sharma, CFO of Hola Prime. "But when atrader qualifies, they've done the work."The futuresplatform provides access to instruments on CME, COMEX, NYMEX, and CBOTexchanges through three different trading interfaces: Project X, Quantower, andR Trader Pro.Related: PropFirm Hola Prime Names NBA Star Karl-Anthony Towns as First Sports AmbassadorCFD Prop FirmsIncreasingly Turning to FuturesThe surgein popularity of prop trading firms in 2024 has significantly intensifiedcompetition. To stand out in a crowded market, more firms have startedexpanding their offerings to include futures trading. In November of last year,FunderPro announced such a move, followed by For Traders in April,which integrated Dxtrade to offer clients access to more than just CFDs.Around thesame time, FXIFY introduced a new brand aimed at entering the regulatedinstruments market, offering traders simulated capital of up to $450,000.A fewmonths ago, FinanceMagnates.com exclusively reported that FundedNext isreturning to the U.S. after more than a year-long absence—this time throughfutures. CFDs, however, remain unavailable to U.S.-based traders.MT4 Joins the List ofPlatformsFor forex CFDtrading, Hola Prime added MetaTrader 4 to complement its existing MetaTrader 5platform. The company now offers five total platforms including CTrader, DXTrade, and Match Trade for currency traders."MT4is a global standard for a reason," Kapuria said. "It's reliable,intuitive, and deeply compatible with the way traders operate."Hola Primeoffers direct access to MetaTrader platforms through a license held by itsparent company, Hola Prime Limited, in Mauritius. The license was issued by theFinancial Services Commission (license number: GB24203729).A fewmonths ago, FinanceMagnates.com reported on HolaPrime in relation to Trustpilot reviews. The prop firm had over 1,300reviews, but after action was taken by the platform operator, only 49remained—the vast majority were classified as “fake.”This article was written by Damian Chmiel at www.financemagnates.com.