HotForex is one of the leading brokers in the world market due to the large volume of clients and the high quality of services it offers. This financial entity is licensed by the SVG FSA, the CNMV and other organizations, apart from the fact that it is a member of HF Members Groups, for more information on its regulations visit the entry “Trade with HotForex Broker“. Bearing in mind that you are a Legal Broker you can deduce that your clients’ funds are safe when deposited on your trading platform.
Since 2015 HotForex Broker offers a Copy Trading system called HFSocial but in 2017 changed its name to HFCopy presenting an improved Copy Trading system for investors who want to operate in the market through its platform.
From my point of view HotForex offers the best system to copy other Traders because the percentage of profits that can be obtained is up to 35% of the successful operations that are being copied, on the other hand other Brokers that offer Copy Trading the maximum percentage reaches up to 20% and of course this makes HotForex the best you can choose. Remember that social trading does not guarantee any profitability, since the risk of capital loss is present even if you copy the operations of third parties.
HotForex Copy Trading has become very popular because those investors who do not have knowledge in the market can create a real account with this Broker deposit funds and start copying successful traders, even if they do not know anything about Forex, however it is recommended to have knowledge of the market to avoid any risk of total or partial loss of capital since copying other traders does not guarantee 100% safe profits, it must be remembered that if those people who are copied have automatic losses, the one who copies them will also have them, that is why the best investors must be chosen to proceed to copy them and of course to monitor daily the operations that are being copied as if they were being done properly.
The HotForex Broker is one of the few that offers a maximum leverage of 1:1000 and 1:30 for European Union clients, as a strategy provider you can use a leverage of up to 1:400, as such a provider account at HFCopy is a real account like any other the only thing you will do is use it to provide services to third parties, which in this case would be to allow you to be copied, remember that before doing this you must verify your account both your identity and your home address because that is essential to register at HotForex by creating an HFCopy account you can do it from here:
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HotForex Copy Trading makes trading accessible to anyone
Anyone who registers in the HFCopy system has total control of his account, in this case if you want to stop following the operations of a Trader you can close the orders as you want, the HotForex Copy Trading system is very complete and orderly so you will not have any problem using it, besides you will not have the least problem in understanding the platform because it is very easy to manage.
HotForex is committed to offering innovative trading services, so much so that HFCopy allows access via MT4, you can access this way in case you want to copy other people’s trades and make your own estimates, as such this would count as a trading strategy on the part of the followers, but that is already something that everyone decides if they want to do or not and if you want to withdraw funds from your account you can do it quickly without the slightest problem. (Remember that the Copy Trading account is available for both followers and strategy providers, the only thing that varies is that followers must make a minimum deposit of 100USD and providers a minimum deposit of 500USD).
Who are HotForex’s HFCopy strategy providers?
HotForex defines successful traders who allow you to copy them as strategy providers, these people are the ones who properly make the investments in the market with their money and allow the followers to copy them. When as a follower you want to copy one or more providers you will be shown the profits or losses they have made over the last few months and the number of followers they have that can be a maximum of 30 per provider, in this case when you copy the operations of someone in particular make sure they have a good reputation.
If you want to register at HotForex to invest on your own and become a provider you can do it, the process is simple but remember that in this case if you are going to be a provider you must have excellent knowledge so you can have followers.
A strategy provider must open an “HFCopy” account, this account requires a minimum first deposit of at least 500 dollars but if you are a follower the minimum deposit will be 100 USD, then for followers and providers the following deposits can be 100 dollars without any problem, the maximum leverage of an HFCopy account is 1:400 and 1:30 for people from the European Union, the Margin Call required is at least 50% and 80% for the EU, on the other hand and not least an HFCopy account has a Stop Out level of 20% and 50% for the EU has a Stop Out level of 20% and 50% for the EU has no less important.
A strategy provider must place orders in the market with a minimum transaction size of 0.1 lots, this as such is a fundamental requirement as defined by the platform so that followers can copy to a provider and the same appears in the HFCopy system. Suppliers define strategies which in most cases are profitable for people who want to copy them, this profitability is easily reflected because this system is Social Trading and this forces suppliers to share their profits expressed in percentages publicly so that traders can choose whether to follow them or not.
What are the HFCopy strategy lists at HotForex?
The strategy lists are those created by the suppliers, that is to say they are in the profile of the suppliers of strategies since in them the styles of operation of each supplier are reflected, there the people can see the strategies that a Trader follows and decide if they want to copy it or not, a list of strategies can have any supplier, with the simple fact of having an account of this type can do it without problems.
If you are a follower you must take care of which strategies you will choose, these are expressed in HFCopy in the profiles of the suppliers that create them for you to proceed to follow them, you can follow more than one strategy at a time and put into practice the one that gives you the best results in terms of the benefits you expect to obtain, remember that at most you can copy up to three suppliers of strategies, this in turn results in following their strategies.
Risk Warning: Product difficult to understand, the CNMV has determined that it is not suitable for small investors, due to the complexity and high risk involved.
Warning for people in the European Union: CFDs are complex instruments that carry a high risk of losing money quickly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You need to understand how CFDs work and whether you can afford to take the high risk of losing your money.
