{"version":"1.0","provider_name":"For overseas forex cashback services, try Money Charger","provider_url":"https://money-charger.com/en/","author_name":"admin","author_url":"https://money-charger.com/en/author/admin/","title":"HFM Copy Trading Strategy! How to Choose, How to Use, Fund Transfers, and Fees Explained - Money Charger (Overseas FX Cashback Service)","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"nSDZOvEw1w\"><a href=\"https://money-charger.com/en/information/hfm-copytrade/\">HFM Copy Trading Strategy! Includes explanations on how to choose and use the service, as well as fund transfers and fees</a></blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https://money-charger.com/en/information/hfm-copytrade/embed/#?secret=nSDZOvEw1w\" width=\"600\" height=\"338\" title=\"&amp;quot;HFM Copy Trading Strategy! How to Choose, How to Use, Fund Transfers, and Fees Explained&amp;quot; &#x2014; Money Charger (Overseas FX Cashback Service)\" data-secret=\"nSDZOvEw1w\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"></iframe><script type=\"text/javascript\">\n/* <![CDATA[ */\n/*! 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It allows users to copy the trades of advanced traders on their own platform. Even beginners in FX or traders with busy full-time jobs can easily copy trades, increasing their chances of profiting from FX. Many people may be interested in HFM's copy trading but are unsure about how it works or how to get started, with questions such as, \"How does HFM's copy trading work?\", \"What are the fees for HFM's copy trading?\", and \"How do I start or choose a copy trading service?\". This article will explain the mechanism and how to start HFM copy trading, how to transfer funds to your account, fees, and how to stop it, following the official guide. We will also reveal how to choose a winning strategy, which you can only read in this article, so it's a must-read for anyone who wants to try copy trading. Mechanism and Features of HFM's Copy Trading (HF Copy) HFM Copy Trading, also known as \"HF Copy,\" is a unique service offered by HFM. HFM was one of the first to offer copy trading services, even before overseas FX and copy trading were widely known in Japan. HF Copy is a pioneer in copy trading, boasting a large number of account users and a high reputation for both performance and reliability. Let's take a closer look at the mechanism and features of HFM copy trading. What is HFM's copy trading (HF Copy)? HFM's copy trading is a trading method that links the user's FX account with the FX account of a professional trader (a highly skilled trader). To put it simply, it's like a skilled trader remotely operating the user's trading screen. It refers to a service that allows you to copy the trades of a highly skilled trader onto your own trading screen. While many FX brokers now offer copy trading, just a few years ago it was a service offered by only a few brokers. In 2018, when HFM was still HotForex, it made headlines by announcing the launch of its own unique \"copy trading service,\" which is completely different from automated trading. HFM's copy trading is reputed to be a reliable service because of its proven track record. How does HFM's copy trading work? What does it mean to link accounts and copy discretionary trading? Some people may feel uneasy about linking their account with the account of a complete stranger. Copy trading allows you to implement \"professional discretionary trading\" through the following mechanism: [Image of HF Copy] The only linked account is a dedicated copy trading account. You deposit and operate only the amount you wish to use for copy trading, and you can rest assured that there is no mutual control over account management. HF Copy Profits and Fees Using HF Copy, a fee is charged only if a profit is made, but a commission of 10% to 50% is automatically deducted depending on the deposit amount and profit. [Example of Copy Trading Fees] The commission to the provider is set as a \"percentage,\" and the commission rate varies depending on the provider. With HF Copy, the average commission is 20% to 30%. You can choose a provider from a list Users of HFM Copy Trading can freely choose a provider that suits their needs (one that seems likely to be profitable) from a list of providers. [HFM Copy Trading Provider List] HFM Copy Trading Account Types There are three types of HFM Copy Trading accounts to choose from. The specifications of each account are as follows. 【HFM Copy Trading Account】 Scrollable Details Cent Account Premium Account Pro Account Base Currency USD・JPYUSD・JPYUSD Maximum Leverage (Discretionary) 500x (2000x) 500x (2000x) 500x (2000x) Minimum Deposit (Provider) Equivalent to $10 (Equivalent to $100) Equivalent to $25 (Equivalent to $25) $100 ($100) Minimum Trading Unit 0.01 Lot 100 Currencies 0.01 Lot 1000 Currencies 0.01 Lot 1000 Currencies Copy Trading Fee (Discretionary) 10%~50% (Free) 10%~50% (Free) 10%~50% (Free) Stop-Loss Level 50%・20% 50%・20% 50%・20% Spread 1.2 pips~1.2 pips~1.2 pips ~ Trading instruments FX, Gold FX, Gold, Energy, Index, Cryptocurrency FX, Gold, Energy, Index, Cryptocurrency Trading tool MT4 MT4 MT4 Maximum number of accounts (provider) 10 (5) 10 (5) 10 (5) While the maximum leverage for discretionary trading is 2000 times, it is uniformly 500 times for copy trading. Please note that the minimum deposit amount is also set higher than for regular discretionary trading accounts. For small trades, the cent account is recommended. For general use, the standard account is recommended, and for those who want narrow spreads, the pro account is a good choice. However, the type of account varies depending on the provider, so if you are only using copy trading, you don't need to be too particular. Depending on the provider you follow, a dedicated account for copy trading will be opened as a supplement. HFM copy trading is only available on MT4 While regular HFM accounts allow you to choose between MT4 and MT5, copy trading can only be used with MT4. Please be careful not to make a mistake when downloading trading tools for copy trading. Follow up to 10 accounts Followers (users) can open up to 10 copy trading accounts. This means you can copy the trades of 10 providers simultaneously. Providers (those who provide strategies) can open up to 5 accounts at a time. Deposit bonuses are also available with regular accounts Although copy trading is excluded, you can receive a deposit bonus if you open a bonus account. HFM has many diverse events and bonus campaigns, so you'll want to check out this information as well. By the way, the specifications of regular HFM accounts and deposit bonuses are explained in detail in the following article. Please refer to it as well. Differences between HFM copy trading and automated trading EAs Copy trading is a trading method that allows you to copy the discretionary trades of advanced traders. It is very similar to automated trading in that you do not trade yourself. So what is the difference? Now that we understand the mechanism and features of HFM copy trading, let's check the difference between it and automated trading EAs. [Differences between HF Copy and EA] (Scrollable) Details HFM Copy Trading Automated Trading EA Operator HF Market MT4/MT5 (Meta Quotes) Provider Strategy Providers Registered with HFM Automated trading strategies developed and provided by individual traders Trading Type Discretionary trading copy Programmed software Commission 10% to 50% by the provider Free/Paid ($10 to several thousand dollars) by EA Maximum leverage A flat 500x Customizable Types Over 400 types Over 12,000 Ease of Use Procedures are relatively simple and easy to understand Operation and settings are somewhat difficult The biggest difference between copy trading and automated trading EAs is whether it's \"discretionary\" trading by a person in real time. Automated trading EAs place buy and sell orders based on advanced algorithmic analysis, but have the weakness of only being able to perform programmed trades. On the other hand, copy trading is characterized by its ability to consider the market trends and fundamentals at any given time. In addition, while automated trading EAs are somewhat difficult to set up, HFM's copy trading has the advantage of being easily set up from the member page. […]"}