Hola Prime launched a futures trading division that promises to process withdrawals within one hour, a timeframe the company claims is unprecedented in the proprietary trading industry.

The firm also added MetaTrader 4 integration to its existing forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term services, bringing its total platform offerings to five different trading interfaces, including MetaTrader 5.

Hola Prime Launches 1-Hour Withdrawal Service for Futures

Hola Prime Futures allows traders to access up to $150,000 in funding through either a single evaluation challenge or direct account access. The service eliminates daily loss limits and what the company describes as complex rule structures common among competitors.

"Futures prop trading has been shaped by legacy systems that serve firms more than traders," said Somesh Kapuria, CEO of Hola Prime. "We're rewriting that logic."

The one-hour withdrawal claim centers on what Hola Prime calls a "10-point payout system" that automates approval processes. Most proprietary trading firms typically require three to 14 days for withdrawal processing, according to the company.

"Most prop firms still operate on outdated withdrawal cycles - three days, five days, even two weeks," said Sumedha Sharma, CFO of Hola Prime. "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 different trading interfaces: Project X, Quantower, and R Trader Pro.

Related: Prop Firm Hola Prime Names NBA Star Karl-Anthony Towns as First Sports Ambassador

CFD Prop Firms Increasingly Turning to Futures

The surge in popularity of prop trading firms in 2024 has significantly intensified competition. To stand out in a crowded market, more firms have started expanding 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 the same time, FXIFY introduced a new brand aimed at entering the regulated instruments market, offering traders simulated capital of up to $450,000.

A few months ago, FinanceMagnates.com exclusively reported that FundedNext is returning to the U.S. after more than a year-long absence—this time through futures. CFDs, however, remain unavailable to U.S.-based traders.

MT4 Joins the List of Platforms

For forex CFD trading, Hola Prime added MetaTrader 4 to complement its existing MetaTrader 5 platform. The company now offers five total platforms including CTrader, DX Trade, and Match Trade for currency traders.

"MT4 is a global standard for a reason," Kapuria said. "It's reliable, intuitive, and deeply compatible with the way traders operate."

Hola Prime offers direct access to MetaTrader platforms through a license held by its parent company, Hola Prime Limited, in Mauritius. The license was issued by the Financial Services Commission (license number: GB24203729).

A few months ago, FinanceMagnates.com reported on Hola Prime in relation to Trustpilot reviews. The prop firm had over 1,300 reviews, but after action was taken by the platform operator, only 49 remained—the vast majority were classified as “fake.”