A profit target tells you how far you have to go. It leaves out what happens if you take a week off, whether your best day counts the way you think it does, and how much room you’ll have after a payout.
Those are the rules worth putting on a checklist. The easiest way to build one is to group the rules by when you’ll need them. A drawdown limit belongs on your daily checklist. An inactivity deadline belongs on your calendar. Payout conditions belong next to the figures you’ll review before submitting a request.
The Prop Firm Rule Checklist by Account Stage
| When to check | Rules to write down | What to put on your checklist |
| Before buying an account | Evaluation phases, profit targets, qualifying trading days, inactivity policy | Record the target for each phase, what counts as a trading day, and how long the account can sit idle. |
| Before each session | Daily loss limit, maximum drawdown, reset time, position limits | Record the current loss thresholds in dollars. If the overall limit trails, note what moves it and when. |
| Before news or a market close | Restricted events, pending orders, overnight and weekend holding | Mark the relevant times in your time zone. Check what happens to orders that trigger and positions that are already open. |
| After hitting a target | Minimum days, consistency requirements, phase review | Check what still needs to be satisfied. Save a fresh copy of the rules when your account moves to the next stage. |
| Before requesting a payout | First eligible date, minimum amount, profit buffer, effect on drawdown | Write down what you can request and how much room remains above the loss threshold afterward. |
Separate Account Breaches From Eligibility Conditions
Two rules can look equally serious on a comparison page and have very different consequences. Crossing a loss threshold can breach an account. Falling short of a consistency requirement can leave the account active while delaying progression or a reward.
FTMO offers a useful example. On eligible 1-Step accounts under its current consistency calculation, the most profitable day can account for up to 50% of total profit. If your best day earned $3,000 and your total profit is $5,000, that day represents 60%. Assuming it stays your best day, you’d need at least $6,000 in total profit to satisfy the requirement. FTMO treats the shortfall as an unmet condition rather than an account breach. Its legacy calculation uses a different profit base, so the terms attached to your account matter.
Hola Prime’s Prop Firm Challenge Rules to Put on Your Checklist
If you’re comparing options for the best prop firm for beginners, look at what you’ll need to track once the account is open. Hola Prime’s rulebook puts evaluation targets, minimum days, and drawdown terms side by side, so you can build a checklist for the plan you actually choose.
Hola Prime 1-Step Prime and 2-Step Prime
With Hola Prime’s one step prop firm challenge, 1-Step Prime, put the 10% profit target and two minimum trading days on separate lines. That way, you can see what remains if you reach the target early. If you choose the 2 step challenge through 2-Step Prime, create a separate checklist for each phase. Phase 1 has an 8% target, Phase 2 has a 5% target, and each requires three trading days. For daily risk management, put the applicable loss thresholds beside those milestones so they stay visible as you approach the target.
Hola Prime Direct Fly and the First Payou
If you’re considering an instant funded forex account, Hola Prime’s Direct Fly starts you on a Sim. Funded Account without an evaluation. Your checklist shifts to the rules that govern the account from day one. Track the trailing maximum loss limit, the 2% profit milestone that unlocks the first payout, and the 0.1% buffer required for subsequent payout requests in Turbo Mode. Revisit your risk management checklist when Turbo Mode begins, since the maximum loss floor then locks at the initial balance.
Final Verdict on Hola Prime for Beginners
Hola Prime is my pick for the best prop firm for beginners who want to see what they’ll have to track before choosing an account. Its prop firm challenge rules make it practical to build a checklist for a one step prop firm challenge, a 2 step challenge, or an instant funded forex account, with the relevant milestones for each.
Once you’ve picked your Hola Prime plan, make every line answer three questions. What’s the threshold? When do I check it? What happens if I miss it? A checklist written that way tells you what to do when you hit a target early, return after a break, or prepare for your first payout.
