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Before you continue reading this article about this social trading platform, you can also get more information through its website: Go to HofForex broker website. HF Copy has the auto-trading function to build a portfolio of winning strategies and copy market trades automatically. It allows its members to connect with other traders, select the most successful and manage their portfolio of manual and algorithmic traders through HF Copy.

An investor can build a portfolio with signal providers traders that use different trading strategies, so as to have a diverse portfolio that allows investing under different market conditions.

HF Copy provides updated statistics of all network members. This allows selecting the best traders according to more objective evaluation criteria. HF Copy platform is fully compatible with mobile devices iOS and Android , which allows the trader to connect to their account, react quickly to changes in the market, keep updated with the latest events and news and watch the portfolio of manual and algorithmic traders through their smartphone and from anywhere with an Internet connection.

The following is a partial list of signal traders providers of this platform:. Signal provider performance chart in HFCopy. Signal provider performance statistics in HFCopy. HF Copy account of HotForex To join the social trading network of HotForex, the applicant must open an HF Copy account on the website of the company, which has the following characteristics:.

Trading platform. FxStat, MT4, Webtrader and Mobile Trading. Telephone trading. Trading instruments. Forex, Indices, Metals and oil. Account currency. USD, EUR. Prices with fifth decimal. Personal Account Manager. Maximum leverage. MYFX platform.

Free for deposits over USD. Market execution. No bonuses. Minimum opening deposit. Some of the major regulators in the industry include the CySEC in Cyprus, the FCA in the UK and the ASIC in Australia. deposit Trading platforms A trading platform is a computer or mobile software program used to execute transactions within the financial markets.

Spreads Special features A list of features that provide a given broker with a competitive edge. Ad Disclosure The table below contains links to 3rd party websites of our top partners from whom we receive compensation at no additional cost to you. Home HotForex Review — Is it a Scam or Legit Broker The source of this information is the website and the broker's trading platform listed in the Web section of this review.

The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business.

Basic information from this HotForex Review Website address: hotforex. trade in lots: 0. HotForex Fees typical spreads We have scanned fees typical spreads that HotForex charges when trading popular currency pairs, here is their breakdown in pips.

In order to start trading with HotForex, you have to deposit at least 5 USD. HotForex allows funding your account via Bank transfer, VISA, MasterCard, Maestro, Skrill. Leave a Reply Cancel reply. post a comment. Leave this field empty. CySec FCA FSA DFSA FSCA. Tradable assets: Might be a CFD. Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with.

The World's Leading Social Trading Network International support. Start trading Read a review.

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A final rating is produced for each forex broker based on a total of data points. Learn more about our review process and methodology. HFM was founded in They are a well-respected broker and international entity of HF Markets. Top-tier regulation is in place at the broker and is provided by CySEC , FCA , DFSA , FSCA , and the FSA. This HFM review will detail all important areas of the broker including their trading platforms, assets selection, and costs to help you gain valuable insight when making your broker choice.

With so many new features to uncover, HFM offers an unlimited demo account that can give you time to get to know their service and gain some experience using their trading platforms.

Among the great features is a detailed education section, one of the best in the industry. A complex company structure means the offering can differ depending on location for this time award-winning broker with a physical presence on every continent, and impressive regulation in place. This regulatory compliance is worldwide and includes regulation by CySEC, FCA, DFCA, FSCA, FSC, and the FSA for a truly global level of trust. The HFM brand entity is dedicated to non-EU traders, while in Europe they are known as HF Markets Europe as mentioned in our HF Markets review.

You will also find auto-trading under the FSCA and SV regulation, and copy trading available to all except those under DFCA jurisdiction. Turning to the positive side, a low minimum deposit makes the broker very accessible to all wanting to trade. Overall, the average spread stays competitive at 1. Something for everyone. Finally, the HF Copy account provides great ability to get started with a proprietary copy trading platform , and the educational service is one of the best around.

Starting with the downsides, it could be thought that HF Markets offering different services in different areas is a negative depending on where you are located.

The fact there are no social trading features is also something that detracts slightly from the offering. The main downside with this broker though is the limited number of markets made available to trade in. This is limited to just more than which may not suit particularly more experienced traders.

If you want to expand your research, and evaluate some options similar to this broker, you can consult the alternatives to HFM. HFM is a CFD broker. They have forex pairs, commodities, indices, stocks and bonds as a CFD all to choose from with a total of over assets available to trade at very low spreads that can start from 0 pips depending on account type and average low across the board.

One of the most popular account types, particularly for scalping which is supported here, is the HFM Zero Spread account. The spread here starts from the bottom at 0 pips of course, and with a very competitive average spread overall at just 0. This is exactly what you want to find as a scalper especially when you can also use the EAs feature in your trading platform. HFM offers an excellent copy trading service through their own HF Copy platform. When it comes to regulations, the broker does very well in ensuring that they are regulated by some of the most well-respected bodies in global forex trading and finance.

They are regulated by a number of top-tier bodies. The broker, operating under the HF Markets Group, have the following regulations in place around the world for their entities in that region:. In the UK, the brokers UK entity HF Markets UK Ltd. is regulated by the FCA , while in South Africa HF Markets SA are overseen by the FSCA In Dubai, the broker also has regulation in place from the DFSA as HF Markets DIFC Ltd.

F , and in the global market they are regulated under the FSC as HF Markets Ltd. C , and HF Markets Seychelles Ltd. So, the take away from all this information, is that considering the broker and group in its entirety, you are getting a comprehensively regulated broker that takes the security of traders and its own responsibilities here very seriously. The broker was founded in and has managed to cultivate a very strong, and much trusted reputation in the intervening years to make it one of the top choice brokers worldwide.

They now have a presence worldwide in the following locations and under the following entity names:. These locations and entities for the backbone of HF Markets, HFM , and the HF Markets Group around the world. Another area that they take very seriously is in regards to the protection of your funds. Here the HF Markets Group, no matter the entity that you are trading under, will hold your money in segregated accounts. This provides the maximum level of protection if anything were to happen to the broker such as bankruptcy or insolvency.

Ultimately, this all means that your funds are very well protected all over the world. Not only are they highly secure, but HFM as a broker, and the complete HF Markets group, are very well decorated in the industry, having won many awards over the years. This adds up to a total of 34 awards some of which include the best FX Broker in Asia for as well as the Best FX Broker in Latin America for too.

Although the HF Markets Group and HFM as a broker under multiple entities offer trading around the world in most places, there are a few areas that they do not reach. These include the following few places. In fact, this list is much shorter than that of other major forex brokers and this in itself is another great credit to HFM. There is a fantastic selection when it comes to choosing an account for trading at HFM. Here is what is available.

Trading on a demo account means you can try out the exact trading conditions of a real account but with no risk at all. This includes no obligation to deposit real money when you are finished with the demo account.

The HFM demo account is unlimited in the sense that the trial period does not end. This is a great advantage that is not always available with all brokers. Added to this, you can have as many as 3 demo accounts at once. This is perfect for learning or testing strategies if you are an experienced trader.

Just one point to keep in mind is that if you are inactive for more than days, the broker may close your account.

HFM also offers a micro account , though this account type is only offered by the South African entity HF Markets SA PTY Ltd. of the broker. The account also allows for a very high leverage of up to on major forex pairs and with a very competitive spread that starts from 1 pip. Although it is named a Premium Account, this account type is actually the standard account type offered by HFM, and HF Markets.

If you are located in South Africa, then this minimum deposit is ZAR , or in the UAE it is AED. The spreads on trading through this account also start at a great value 1 pip across a wide range of assets and the available leverage depends on your location, from in Europe up to in some other jurisdictions.

The Zero Spread Account is offered by both HFM and all HF Markets entities with the exception of the UAE where this account is not available. It offers the best value in spreads from 0 pips and is an ideal account type for scalpers or those using EAs who are relying on the lowest cost of trading possible.

The leverage situation remains the same with available in Europe and the UK, and up to available elsewhere depending on the jurisdiction. The Auto Account is offered by HF Markets SA PTY Ltd. as the entities for the broker in both South Africa and SV jurisdictions.

This type of account is specialized for the use of those who are using EAs to engage in auto trading. Through this account you are free to use signals and strategies from the MQL5 community or other paid trading signals. Spreads here are competitive too and start from 1 pip. The HFM Copy Account is a copy trading account and proprietary copy trading service that is offered by all entities of the broker with the exception of in the UAE.

If you are interested in copy trading, then this is the account type for you. The minimum deposit here will vary depending on the particular account you would like to open. If you are a signal provider , you can have as many as followers, though trading is only allowed in forex and gold. The leverage again will range from in Europe, to 1 in other areas, with a spread from 1 pip. and this is available if you are experienced in the industry and wish to manage several accounts under yourself, similar to a fund manager.

The spreads on these accounts start from 1. The Premium Pro account is a professional account type that is available under every HF Markets entity. If you do not meet these requirements and are based in Poland, then you may be classified an Experienced Retail Trader ERT which can extend leverage to but this is the only exception.

The HFM Islamic account is available where requested , with the minimum deposit again changing depending on which account type you choose. The Micro, Zero, Premium, Auto, and VIP accounts are all available as swap-free. Since there is no swap-fee, the broker may apply an additional charge for you to hold positions for longer than 7 days which we will discuss later in this section.

The base currency of your account is the currency that you will be trading in. Like many brokers, there are several available through HFM. The availability will depend on the jurisdiction you are based in, but will generally help you avoid any conversion fee when the base currency is the same as your deposit currency.

With HFM, a USD base currency is typically available in all areas, and the following may be available in these specific areas:. ZAR base currency in South Africa, NGN base currency in Nigeria, EUR available in the EU, GBP available in the UK, and AED base currency available in the UAE.

The minimum deposit you will have within the HF Markets Group depends on which account type you select and also which jurisdiction you are located within. The deposit methods available with HF Markets are everything that you would expect from a major broker. They include wire transfers , deposit by credit or debit card in the form of Visa and MasterCard, and eWallet deposits that include PayPal, Skrill, and Neteller.

A small note is that while these are widely accepted, they may not always be available worldwide depending on the area. Deposits from wire transfers can take a couple of days, card deposits are typically much faster around 24 hours maximum, and the same for eWallet methods. Deposits are typically fee-free. The same methods and conditions also apply to withdrawals. Keep in mind too, that the withdrawal method typically must match the method you used to deposit.

Best Brokers. Post navigation Previous Previous. With this company, these two categories are called — Followers and Strategy Provider. Trading platform. Close this module.

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