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, UK, Belize CySec, FCA, IFSC 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, MT5, Web $5 Review Website
UK, Singapore, Australia FCA, MAS, ASIC MT4, AT Pro,
Advantage Web
£100 Review Website
Seychelles FinaCom MT4, Web $10 Review Website

More Forex Brokers News

ASIC adds HBC broker to its warning list

Oct 09 2018 11:14:03

  The Australian Securities and Investment Commission (ASIC) has updated its list of “businesses to be wary of” with HBC Broker – an unregulated company that is trying to confound its potential clients by giving out some correct details of leading forex and CFD ... Read more

FBS wins ‘Best Copy Trading Application Global-2018’ award

Oct 05 2018 16:22:13

The prestigious “Best Copy Trade Application 2018 Global” award went to FSB  for their innovative CopyTrade platform. Read more

Capital Index renounced its CySEC license

Oct 03 2018 13:24:56

  It seems that global online brokerage Capital Index is the next to voluntarily renounce its Cypriot Investment Firm (CIF) license. Read more

FBS celebrates its 9 millionth trader

Sep 19 2018 17:17:28

After celebrating their 7 millionth million trader in March 2018, now just 6 months latter, FBS reached yet another milestone – their lucky 9 millionth trader is Jean Sales De Souza from Rio de Janeiro, Brazil. Read more

XTB fined $2.7 million by Poland’s financial regulator

Sep 19 2018 11:31:55

  The Polish Financial Supervision Authority (KNF) punished X-Trade Brokers (XTB) with a PLN 9.9 million ($2.7 million) fine for asymmetric price slippage on Tuesday. Read more

TD Ameritrade allows its clients in Singapore to trade via Messenger

Aug 27 2018 15:14:51

  Singapore branch of American brokerage firm TD Ameritrade announced on Sunday that its clients in are now able to make trades and access market information through Facebook Messenger. Retail investors in Singapore will have yet another way to access the U.S. Read more

FXTM honoured with two World Finance Awards

Aug 10 2018 12:24:48

Global, award-winning forex broker FXTM has added two more trophies to its mantelpiece, after being named Best FX Broker in Asia and earning the award for Best Trading Conditions from World Finance magazine. Read more

Hot Forex launches trading on MT5

Jul 23 2018 07:38:53

  CySEC-regulated, global broker Hot Forex announced previous week it adds the MetaTrader 5 (MT5) platform to its offering. Now, clients of the broker can trade forex and CFDs on both MetaQuotes’ platforms – MT4 and MT5. Read more

Estonian FX broker Tallinex ordered to pay back $10 mln. to US citizens

Jul 20 2018 13:58:09

A US Court has ordered  Tallinex Ltd., an Estonian company, licensed  in St. Vincent and the Grenadines to pay 10,289,391 USD in restitution to U.S. Customers, as well as a  681,888 USD civil penalty, the U.S. Commodity Futures Trading Commission (CFTC) says.    The U.S. Read more

HotForex launched VIP Affiliates Rewards Contest

Jul 13 2018 13:09:56

  CySEC-regulated, global broker Hot Forex has come up with an attractive offer for its affiliates: the VIP Affiliates Rewards Contest. Read more

de | cn | ru