HFM (formerly HotForex): What is copy trading? A comprehensive guide to the latest version of how to get started with HFCopy, how to open an FX account, and recommended methods

HFM

HFM (formerly HotForex): What is copy trading? A comprehensive, up-to-date guide on how to get started with HFCopy, how to open an FX account, and how to do it. HF Markets offers a copy account, which allows you to copy trade. HFcopy accounts are available to both strategy providers and followers who participate in HFcopy.

HFM Basic Information

Company NameHF Markets(SV) Ltd.
Year of establishment2010
Service OverviewA large brokerage providing services in over 180 countries worldwide with millions of registered accounts
Financial products handledForeign Exchange (FX), Stock Indices/Commodities, Stock CFDs/Cryptocurrencies
Trading PlatformMetaTrader 4(MT4)、MetaTrader 5(MT5)
Maximum Leverage2,000x
User SupportMultilingual support
Financial License✔ FCA (UK, Financial Conduct Authority)
✔ FSCA (South Africa)
✔ DFSA (Dubai)
✔ FSA (Seychelles)
Deposit and Withdrawal MethodsBank transfer
Credit/Debit card (VISA/Master/JCB, etc.)
bitwallet / BXONE / Binance Pay / Cryptocurrency
Account TypeCent Account
Premium Account
Pro Account
Zero Account
Top-up Bonus Account

Overview and Features of HFM Copy Trading

HFM (formerly HotForex) offers copy trading (HF Copy), a service that automatically copies the trades of experienced traders and executes the same trades in your own account. It’s a convenient system that allows even beginners and busy traders to participate in the market. Below is an overview, features, and information. This broker offers narrow spreads and automated trading (EA), making it easy to take profits on positions.

Overview of HFM Copy Trading

  1. How it Works

Automatically copies the trades of experienced traders (“Providers”)

Trades are synchronized and reflected in your own account (Follower Account)

Followers can automatically aim for profits without worrying about trade timing or order content.

  1. Available Platforms

HF Copy System (available on HFM’s website)

Sometimes integrated with MetaTrader 4/5

  1. Account Types

Open a dedicated “HF Copy Account” and use it.

Minimum deposit and fees vary by provider.

Features of HFM Copy Trading

  1. Even Beginners Can Trade

Even those with limited knowledge of FX or CFDs can use the strategies of experienced traders.

No need to perform technical analysis yourself.

  1. Automation saves time.

No need to constantly monitor the market.

Even busy people can participate in the market.

  1. Easy Risk Management

Set the copy volume and ratio.

Sometimes allow you to set stop-loss and maximum loss limits.

  1. Choose from a variety of providers

Users can select a provider based on performance, risk level, and trading style.

You can also follow multiple providers simultaneously.

  1. Transparency and Control

Providers’ past performance and trading history are publicly available, helping you choose your strategy.

Followers can check their account status in real time.

  1. Benefits and Cautions

Benefits: Even beginners can automatically practice professional trading, saving time and allowing for flexible risk management.

Caution: Past performance does not guarantee future profits. Choosing the right provider is important.

Benefits of HFM Copy Trading

HFM copy trading (HF copy) offers several attractive benefits, especially for beginners and busy traders. We’ve listed them in detail below. You can also learn about lots and symbols from the home page. Since it’s a reputable broker, consider opening an account. As a result, even a minimum holding can potentially generate profits.

Even Beginners Can Trade Like Professionals

Even those with limited knowledge of FX or CFDs can automatically copy the strategies of experienced traders (providers).

Since there is no need to manually analyze the market or place orders, you can participate in trading even while learning.

Automation Saves Time

Trades are executed automatically, eliminating the need to constantly monitor the market.

Even busy people can operate by simply setting up a follower account on their smartphone or PC.

Flexible Risk Management

You can set your own copy ratio and trading volume.

You can control risk by setting stop-loss and maximum loss limits.

Diversification

Follow multiple providers simultaneously to diversify your investments.

You can diversify your risk without relying on a single trader.

Real-time Results

You can check your current trading status and profit/loss in real time with a follower account.

Easily understand your financial situation and profits/losses.

Effective Learning

By observing a provider’s trading history and strategies, you can deepen your understanding of technical analysis and trading decisions.

This can serve as a reference for future trading on your own.

Easy to get started

Just open an HF Copy account and you’re ready to go.

You can start with a small amount, as you can freely change the deposit amount and copy settings.

How to Set Up HFM Copy Trading

HFM Copy Trading (HF Copy) is a service that automatically copies the trades of experienced traders. Even beginners can easily get started. The specific setup steps are outlined below. In fluctuating market conditions, depending on your objectives, you may experience large stop-outs or profits from chart-based settlements. Please use at your own risk.

Step 1: Open an HF Copy Account

Log in to the HFM official website

HFM official website

Select “Open Account” → “HF Copy Account”

Enter the required information to open an account

Name, email address, phone number

Account currency (USD, EUR, JPY, etc.)

Once your account is open, you will be issued an account number and password.

Step 2: Select a Provider

Log in to the HF Copy Platform

Search for the trader you want to copy from the “Provider List”

Check past performance, risk level, trading style, etc.

Decide which provider to copy

Step 3: Copy Settings

Copy Ratio Setting the Ratio

Set the percentage of your account funds to copy.

Maximum Loss Setting (Optional)

Set the maximum loss for a single trade or the entire account.

Set the start date and stop conditions.

Set the timing for copying and the stop conditions.

Step 4: Deposit and Start Copying

Deposit funds into your HF Copy Account.

Minimum deposit amounts vary by provider.

Press the Start Copying button to automatically begin trading.

Step 5: Ongoing Management

Change the copy ratio and maximum loss even while copying.

Check your account’s profit and loss status in real time.

Follow multiple providers simultaneously for diversified investments.

How to Choose an HFM Copy Trader

HFM (HF Markets), the operator of copy trading (HF Copy), has clearly summarized the key points for choosing a strategy provider (trader to copy) in its article “Which strategy provider (trader to copy) should I choose?” A good strategy provider is one that has no issues and is completely consistent across the board, rather than focusing solely on specs. Look at graphs and other information to make your decision.

Be sure to check past performance

When choosing a provider, look not only at the large profit amount, but also at the following performance metrics:

Profit and loss trends over time

Stability (win rate, winning/losing streaks)

Maximum drawdown (periods of large losses)

Checking actual performance will help you avoid extremely high-risk traders.

Understand your risk level and trading style

Each provider has different risk tolerance levels (low, medium, high) and trading styles (scalping, day trading, swing trading, etc.).

It’s important to choose a trader that matches your investment goals and loss tolerance.

Match Account Type

HFM’s copy trading offers account types compatible with both followers and providers:

Copy Cent

Copy Premium

Copy Pro
*Followers can only copy providers with the same account type. Please note that tradable instruments and minimum deposit amounts vary depending on the account type.

Effectively Utilize Risk Management Settings

Many provider selection screens allow you to set a maximum loss (rescue level) and a trading ratio (copy ratio).
This allows you to automatically control risk, so adjust it to suit your risk tolerance.

Consider Follower Number and Popularity

Strategy providers with large followings are trusted by other traders.

HFM Copy Trading Rankings and Reviews

Regarding copy trading (HF copy), official or public rankings are not directly posted on the HFM official website, so we cannot provide a specific “ranked” list here. (While individual provider statistics pages are available, we were unable to find publicly available rankings.) We can summarize user ratings, popularity, and typical trends. Please refer to them for reference. 👇

⭐ 1. HFM’s Evaluation (Overall Platform)

✔ “Best Copy Trading Broker” Award Winner
HFM’s copy trading functionality has been highly praised, winning the “Best Copy Trading Broker” award in 2024.

✔ Over 400 Strategy Providers
Many professional traders (i.e., strategy providers) are registered, making it easy to choose a strategy that suits your investment strategy.

✔ You can choose by risk score, number of followers, etc.
Copy traders can be compared using indicators such as:

Past performance

Number of users (followers)

Risk score (1-5)
The lower the risk score, the higher the security.

📈 Examples of Popular Providers (Unofficial/Based on Real-World Examples)

Click on the step to view providers, so check them out first. *The following are examples of providers listed on general websites, testing blogs, and user testing (please note that these are not official ranking pages). We recommend starting by following each provider from two perspectives: methodology, reputation, and user reviews. Monitor trends in costs and margin to see if they stabilize.

🥇 Q-Robot

Cited as an example of a strategy with high profit margins and relatively low drawdowns

Large number of followers (e.g., 198 followers)

Risk score: Low to medium

Commission: Around 30% (example)
(Featured as an actual example on a testing site)

🥈 Yeshua

Cited as an example of stable, long-term profitability

Tests have shown that managed capital increases by more than 1.34x in four months
(However, this does not necessarily mean the strategy will be safe for the entire period.)

🧠 Key metrics to consider when evaluating

HFM recommends checking the following items on the copy trading strategy selection screen to help determine the evaluation. The key is to ensure that the strategy is operating appropriately and with discretion. While scalping or hedging is fine even from the beginning, it’s important to ensure that assets are being built with appropriate discretion and skill.

🔹 Profit Margin and Profit Trends — Past Performance
🔹 Maximum Drawdown — High Downside Resistance
🔹 Number of Followers — Many people follow

HFM Copy Trading Withdrawals and Fund Transfers

We’ve put together a clear summary of the mechanisms, procedures, and points to note regarding withdrawals and fund transfers (between accounts) from your HFM (HF Markets) copy trading (HF copy) account. Judging from the monthly updates, users trade a variety of assets, including energy, currency pairs, and precious metals. While it’s a significant hassle, you’ll need to transfer your own cash for investment purposes.

✅ Depositing funds into your copy trading account

You must deposit funds directly into your copy trading account (HF copy account).
→ Fund transfers from a standard FX account are not permitted.

In other words,
👉 Direct transfers between a standard account and a copy trading account are not possible.

To deposit funds, you’ll need to deposit funds from your myHF wallet into your copy trading account.

💰 Withdrawal Process

The basic withdrawal process for HFM is as follows:

Log in to the myHF Client Area

Select the “Withdraw” page

Select the account you want to withdraw from

Select the withdrawal method and amount and submit your request

Withdrawals are generally returned to the same method used for depositing.

Estimated processing time:

Requests made before 10:00 AM (server time) → Processed the same day

Requests made after 10:00 AM → Processed the next business day
(Please note that the displayed time may differ due to time zone differences in Japan.)

🪙 Withdrawal Procedures Specific to Copy Trading Accounts

Withdrawing funds from a copy trading account is slightly different from the standard withdrawal process:

📌 Withdrawal Steps (Copy Trading Account)

Log in to HFM

Open “HF Copy” → “My Follower Accounts”

Select “Withdraw Funds” for the relevant follower account

Select a withdrawal method

Standard (Continue Copying)
→ Continue copying while withdrawing only a portion

Unfollow Strategy (Unfollow)
→ Stop copying and withdraw the full amount

Check the available withdrawal amount (free margin)

Perform the withdrawal after the performance fee is reflected.

Once the available withdrawal amount is confirmed, proceed to the regular withdrawal request.

💡 If you select “Continue copying,” you can withdraw up to the minimum amount that will leave your account balance.
💡 If you select “Unfollow,” copying will stop if you withdraw the full amount.

⚠️ Important Points

❌ Funds cannot be transferred between accounts.

Direct transfers from a standard trading account to a copy trading account, or from a copy trading account to a standard account, are not possible.

Funds must be withdrawn and then re-deposited (to a standard account or wallet).

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