What taxes do I pay on prop trading profits? (like profits with Hola Prime)

https://holaprime.com/

Now, taxes on prop trading profits depend on your country and how the income is classified. In most cases, prop firm payouts are treated as income rather than traditional capital gains, so it’s important to check your local rules, before trying a prop firm challenge, like the Hola Prime Prime Challenge. For traders using firms like Hola Prime, it’s worth keeping records of payouts, fees, and expenses and speaking with a tax professional to understand your exact obligations.