HFCopy Hotforex social trading platform
We live in an information era where news, events and facts are available at the touch of a button. It is a technologically-driven era where information has become readily available and has the capability of changing future events. With regards to financial markets, they become unpredictable in such a way that you can be taken by surprise. The question therefore becomes, are you prepared? In today’s financial markets, there are millions of traders worldwide and each of them is trying to be at the top. To do so, one requires a formidable plan or strategy and more so, you require a partner who will simplify your work, at the same time enabling you to become the best.
HotForex is the brand name of HF Markets Group, a company incorporated in St. Vincent and the Grenadines as an International Business Company. The brand dates back to 2010 and serves clients from around 200 countries in the world. It is a multi-regulated broker and operates over half a million live accounts. It has received over 20 international awards, serves clients in over 27 languages and has a global presence. The brokerage firm offers tight spreads, multiple account types, fast executions, technological innovation, multiple assets and security of funds. HotForex promises to provide tools and services for clients to b able to rise and achieve their trading ambitions.
The HFCopy is a tool, from HotForex, which allows traders to master the markets as combined forces. Individual traders can come up with trading strategies, and become Strategy Providers, or alternatively, copy trades and become Followers, who do not need to actually trade or follow the market’s ups and downs. For this to happen, traders only need to sign up as Strategy Providers or copy any existing strategies. The HFcopy provides one with full control of their account, the diverse trading strategies and a powerful solution to automate trades. There are performance fees for mutual benefits.
These are the traders who consider themselves as more advanced in the trading business. They can apply and once they qualify, they can showcase their trading expertise and knowledge. This is usually done by building an inventory of loyal Followers as well as trading in exchange of a performance fee that can go as high as 35%. The plan provides Providers with at least five benefits. One is automated calculations, where Followers select Volume Allocation and Rescue Levels, and all amounts are calculated automatically. The second one is the provision of monthly payments, where fees are calculated as per the High Watermark regime and the Providers are paid once a month through the myWallet.
The third one is as stated above where performance fees can go as high as 35%, where the Providers produce positive results, meaning they are eligible to receive a fee from their Followers. Fourthly, Providers get to show off their trading knowledge. This way, their profiles are displayed on a performance table where Followers can monitor, compare and choose. Finally, Providers can hold up to three different accounts on which they can apply distinct settings. All one needs to do is sign up, plan or create a Strategy Provider’s account and they can showcase their skills through trading.
For the traders who have wished to get access to the vibrant trading world, but have never had the time to do so, can join HFcopy as Followers. This is especially good for those who want to learn to trade. All they need to do is become Followers, copy a strategy and simply start learning. Being a Follower enables one to invest funds, under HFcopy, have full control of their accounts and be able to deposit, withdraw and close trades as they desire. Like the Providers, this plan also provides five benefits. One is the ability to withdraw funds at any time, using HFcopy, which allows one to withdraw their profits any time they want.
Secondly, the Followers can control trades at any time, because HFcopy allows MT4 access and allows one to close trades. Thirdly, Followers can gauge how much they want to risk using the Volume Allocation, to determine the percentage of the Strategy Provider’s trades they wish to have copied. Fourthly, followers can unfollow at any time, provided the markets are open. One can choose to unfollow a Strategy Provider and choose another one. Finally, Followers can set their rescue levels, meaning that they are not obligated to invest the entire account’s balance. With the use of the Rescue Levels, they can keep a fraction of their funds secure in the case of a loss. All you need to do is open an account, choose a Provider, follow them and monitor your trades.
There is sufficient evidence to show that HotForex is one of the best brokers in the trading business. Their features are worth the check and in case of any issues, their support team is available 24/5 (Monday through to Friday). One does not need to have any deposits to start and therefore, they are best for those who are new in the trading business. the experts in the business can also sign up and showcase their skills. Having the Followers and Providers sections means that it is open to anyone, regardless of their level of expertise in trading. Their services can be tracked on the go, using apps that can be installed on your smartphone. However, they provide a disclaimer that Forex trading is a risky business and one should approach it carefully.