At InvestinGoal, we adhere to strict standards to ensure an unbiased review process. We conduct our reviews by examining each broker’s offering and performance across 4 key categories. A final rating is produced for each forex broker based on a total of 187 data points. Learn more about our review process and methodology.
The HF Markets copy trade service is not offered to the UK entity of the Group.
Copy trading is a well-known service that many forex brokers offer, but not all brokers offer it the same way.
The platforms and features brokers develop for copy trading differ wildly.
In this HF Markets Copy Trade review, we explore the apps, conditions and benefits of using HF Copy.
If you like the sound of the HF Markets Copy Trade solution, you can learn more about the broker in our complete HF Markets review.
HF Copy is the proprietary platform and specific account type for copy trading with HF Markets. When using HF Copy, you can either be a follower or a strategy provider.
The products you can trade are limited to forex, Bitcoin and gold. Spreads start from 1 pip.
HF Copy is available on both the Webtrader version and on Mobile Apps for Android or iOS. Unfortunately, this service is unavailable for traders in the UK and UAE and does not have any social features.
HF Markets Copy Trade: Become a follower
To become a follower, the minimum deposit is $100 or $300, depending on your jurisdiction. When you start copy trading, trades are copied automatically, meaning you don’t need to follow along while copying others nor do you need your own strategy to trade.
You will have full control over your trading account, allowing you to monitor each trade. You can close trades at any time and select what percentage of the Strategy Provider’s trade you want to copy, something you can adjust easily. In addition, you can add a Rescue Level setting to stop following once a certain amount is lost to prevent further losses.
A benefit of becoming a follower is learning how to trade the financial markets while interacting with more experienced traders. In addition, you can follow more than one provider to learn from more than one person and curate your portfolio of different trading strategies.
HF Markets Copy Trade: Become a provider
To become a HF Markets Copy Trade strategy provider, the minimum deposit is $300 or $1000 depending on your jurisdiction. When opening the account, you can set a performance fee for each copier up to 35%. These fees earned will be credited to you twice a month directly to your trading account’s balance.
HF Markets will show your profile’s details to the followers on a performance table, helping you to find new followers. The better you perform, the higher your strategy will rank.
HF Markets Copy Trade: How to create a copy trade account
To open a HF Markets Copy Trade account, visit the broker’s webpage and go to the HFCopy section as highlighted in the image below.
Next, click on the big green button “Open HFCopy Account”. The HFCopy account opening process is different to opening other accounts with the broker.
Now you complete the registration form, verify your account and sign up as a follower. We recommend consulting our HF Markets live account guide if you need help to open an account.
Followers can open three trading accounts since there is a limit to one Strategy Provider per account, and best practices suggest not putting all your eggs in one basket. For the same reason, Strategy Providers can also open up to three accounts since they’re also limited to providing one strategy per account.
The only trading platform supported by HFCopy is MT4, which is great news for any traders already familiar with the platform.
HF Markets Copy Trade: How to start copying
There are four steps required to start copying a Strategy Provider using HF Markets Copy Trade:
Monitor and choose the Strategy Provider from the performance table according to parameters such as gains, max drawdown and stability score. Keep in mind; if you feel you made the wrong choice, you can unfollow at any time.
Add funds to your trading account to begin copying live trades. If you’re unsure how to do this, read our HF Markets minimum deposit guide to discover the minimum deposits permitted.
Set the rescue level, which allows you to limit the amount you can lose, supposing the strategy goes through a period of losses. When this level is reached, all your open trades are automatically closed, and you will stop following new ones.
Set the volume allocation, which means you decide the volume of trades to copy in your account in proportion to the strategy providers’ trades.
How to manage your open trades
Once you have accomplished all the previous steps, you will begin following a Strategy Provider from the HF Markets CopyTrade community. From this moment on, all the trades opened by the Strategy Provider are copied automatically into your account. Trades that closed or opened before you begin following will not be copied in your account, only the new ones.
If you want to close a trade before the Strategy Provider does, you are free to do it. Since there is a limit to only one Strategy Provider per account, you also can decide to stop following one at any time.
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.
Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
ADVERTISER DISCLOSURE: InvestinGoal is completely free to use for all. Though we may receive a commission from brokers we feature, this does not impact the results of our reviews or rankings which are conducted with complete independence and objectivity, following our own impartial methodology. Help us continue to provide the best free broker reviews by opening your account with our links. Please read our Advertiser Disclosure to learn more.
We use cookies to ensure you get the best experience on our website. By clicking “Accept”, you consent to the use of ALL the cookies. However you may visit Cookie Settings to provide a controlled consent.
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
Cookie
Duration
Description
cookielawinfo-checkbox-advertisement
1 year
Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category .
cookielawinfo-checkbox-analytics
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional
11 months
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Cookie
Duration
Description
_gat
1 minute
This cookie is installed by Google Universal Analytics to restrain request rate and thus limit the collection of data on high traffic sites.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Cookie
Duration
Description
_ga
2 years
The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.
_gid
1 day
Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.