Sponsored By
de | cn | ru

Brokers News

HFcopy: Hot Forex's copy-trading offer

HFcopy, the copy-trading system offered by CySEC-regulated, global broker Hot Forex, is a great tool which allows traders to join forces with each other and squeeze profits from the markets.

 

When registering a HFcopy account one can choose to be a Strategy Provider (SP) – the trader whom others can copy or Follower – a passive investor, who automatically makes the same trades as his provider.

 
This isn’t a groundbreaking innovation, as similar systems are available for years. However HFcopy account has a few perks to offer:
 
 

Performance-based fees

 
The only fees involved with the HFcopy account are the performance-based ones. This is very fair, when compared to other schemes, which also involve a spread mark-up or a periodic subscription (usually called a “management fee”). Each Strategy Provider choses his rate, which can go as high as 35%. As the name suggests, this percentage is only charged on the net profit generated. More importantly the fee is monthly, which can be seen as better than short term (for example weekly) billing.
 
 

Safety net

 
The HFcopy Follower account offers several form of risk control. The so called “Rescue level” is a percentage of one’s total investment, which is considered the maximum he is willing to let his account drop to. It can be set as high as 40% and in case something goes wrong with the trades made by the SP, the follower will close all of his positions. 
 
 

Risk management

 
Additionally, each follower can chose a “Copy ratio”, which further adjusts his market exposure. Most traditional copy trading systems only take the proportional approach – if you have $10,000, following a SP who has a $100,000 account, all of your positions will be 10 times smaller. The HFcopy system allows you to modify this – the previous example will only be true, if you have a 100% Copy ratio and lower, in case you adjust it.
 
Both parties involved in the Hot Forex copy-trading system can deposit and withdrawal funds at will. This may create some difficulties with the calculations, but is still preferable to having a lock-up period. Furthermore, followers can adjust their “Rescue level” in accordance with their new balance when making transfers.
 
In the HFcopy network a Follower can only be linked to a single Strategy provider. While this limits the diversification potential, a client can open up to 3 Follower accounts and freely transfer funds between them.
 
TAGS: hfcopy  hot forex  hotforex  copy trading  social trading 

More news about Hot Forex

Broker Country Regulation Platform Min Deposit Review
Cyprus CySec, FCA MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, South Africa CySec, FSCA, FSC MT4, Web $5 Review Website
Seychelles FinaCom MT4, Web $10 Review Website

More Forex Brokers News

FxPro UK turns a £1.48 mln profit in 2017

Jun 12 2018 13:27:04

  The UK arm of global forex broker FxPro has turned a profit of £1.48 million in 2017, shows the full accounts report filed with UK’s Companies House on Monday. The figure represents an increase of more than 38% over previous year, when the broker made £1. Read more

FxPro becomes a sponsor of Formula 1 racing team McLaren

May 25 2018 11:48:28

  Major forex broker FxPro announced yet another sponsorship agreement on Thursday. The brokerage signed a multi-year partnership agreement with McLaren, one of the oldest Formula 1 teams. Read more

OANDA bought out by CVC Capital Partners

May 03 2018 07:26:57

The forex broker OANDA will come under new ownership as shareholders accepted an offer for from a wholly-owned subsidiary of CVC Capital Partners (CVC) Asia Fund IV to acquire all of the outstanding equity. The deal is pending regulatory approval. Read more

ASIC temporarily suspends the license of Direct FX

Apr 26 2018 14:01:25

  Australia’s regulator, the Australian Securities & Investment Commission (ASIC) has temporarily suspended the license of the forex broker Direct FX. According to the Commission’s statement on its website, the reason for the measure is that Direct FX Trading Pty Ltd. Read more

FXTM launches MT5 trading for Pro account holders

Apr 11 2018 10:02:35

  Global forex broker FXTM announced that trading on MetaTrader 5 (MT5) is now also available for Pro account holders. Previously, only its clients with regular ECN accounts had this opportunity. Read more

FBS's client base reaches 7 million

Apr 02 2018 12:51:01

  Leading Forex and CFD broker FBS reported that the total number of its clients reached 7 000 000 on 21st of March, 2018. The anniversary client, Mr. Abdelrashed Eldamerdash Hamed Elsayed from Egypt, got a special gift from the broker. Read more

FBS adds DAX30 to its CFD lineup

Apr 02 2018 12:23:24

  Forex and CFD broker FBS launched trading in one of the most important indices, the German DAX 30 last month. This is a blue chip stock market index, which represents Germany’s 30 largest and most liquid companies on the Frankfurt Exchange - BMW, Adidas, Siemens, etc. Read more

Dukascopy launches live trading on BTC/USD

Mar 26 2018 13:52:57

Dukascopy Bank, which also owns a brokerage of the same name, announced it is launching live trading on CFDs on the BTC/USD pair, with a leverage of up to 1:3.   The clients will be able to trade on both rising and falling markets – same as Forex trading and have hedging possibilities. Read more

Bittrex delists 82 altcoins from platform

Mar 21 2018 15:01:42

Bittrex, a major US-based crypto- and altcoin trading platform, announced it is delisting 82 altcoins from its platform by the end of March. Read more

Swissquote expands crypto portfolio with multi-crypto certificate on SIX Swiss Exchange

Mar 19 2018 14:48:16

Swissquote, the major Swiss financial online services provider and owner of the forex broker of the same name, announced it is launching the first multi-cryptocurrency certificate trade on the SIX Swiss Exchange. Read more

de | cn | ru