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 HF Markets (Hot Forex)

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Belize CySec, FCA, IFSC MT4, MT5, Web $10 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$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, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
Australia ASIC MT4, MT5 $100 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

More Forex Brokers News

Fortrade is the first broker to get an ASIC license in nearly 2 years

Mar 20 2019 15:03:35

  Fortrade acquired a financial services license from the Australian Securities and Investments Commission (ASIC), which hasn’t been very welcoming of new retail forex broker applicants lately. Read more

FP Markets launches a suite of cutting-edge MT4 tools for traders

Mar 06 2019 14:31:42

  FP Markets, a market-leading Forex and CFD provider, launches MT4 Trader Toolbox, a suite of twelve online trading tools which will take their clients’ trading to the next level. Read more

Major broker IG launched its US website

Jan 31 2019 13:15:37

  Global brokerage IG launched its website intended for US retail clients (www.ig.com/us). Residents of the US (with the exception of those in Arizona or Ohio) can now register on the broker’s website in less than 5 minutes and start trading. Read more

FOREX.com announced important updates to its Web Trading platform

Jan 25 2019 15:13:43

  Major forex brokerage  Forex.com  proudly announced important updates of its in-house Web Trading platform, which will take your trading experience to the next level.   Accessible from all browsers and operating systems, Web Trading was launched in 2017. Read more

HotForex parent gets licensed by UK’s FCA

Jan 21 2019 12:31:59

  Less than a month after HotForex acquired license to operate in the UAE, the trading services provider gets an authorization by the Financial Conduct Authority of the UK. The UK subsidiary of the HF Markets Group, HF Markets (UK) Ltd. Read more

Rakuten Securities offers HK$700 prepaid cards as a welcome gift

Jan 18 2019 10:26:57

  Hong Kong forex broker Rakuten Securities offers up to HK$700 Spending Limit Prepaid Card as a welcome gift to new account registrants. Here are all the details you need to know about the company’s promotional offer, which is valid from now until the end of March 2019. Read more

XM applies for a forex dealer license in the US

Jan 11 2019 13:39:14

  The US subsidiary of major forex brokerage XM has applied for a membership with the National Futures Association (NFA). This became clear from a filing by the broker’s US entity Trading.com Markets Inc. (previously Trading Point US Inc.) with the NFA dated January 3, 2019. Read more

HotForex acquired DFSA license, commences operations in the UAE

Jan 08 2019 10:45:37

  HotForex is now licensed by the Dubai Financial Services Authority (DFSA) and announced it commences operations in the United Arab Emirates (UAE). The Dubai arm of the HF Markets Group, HF Markets (DIFC) Ltd., acquired the DFSA license in December last year. Read more

CySEC warns Efexa1000 is not licensed

Oct 22 2018 12:55:06

  The Cyprus Securities and Exchange Commission (‘CySEC’) officially warned investors that Efexa1000 is not authorized to provide investment services in the country. Read more

IG Group gets licensed in the USA

Oct 16 2018 13:48:15

  Major forex broker IG Group (IG) got a green light from the National Futures Association (NFA) to operate on the US retail forex market. The US arm of IG Group, IG US LLC, has just been approved as a NFA member and is officially registered as a Retail Foreign Exchange Dealer (RFED). Read more

de | cn | ru