Seeking to
attract more experienced retail traders, CySEC-regulated retail broker HF
Markets (HFM) has announced an expansion of its copy trading offerings with the
launch of the “Copy Trading Pro Account.” In addition to expanding
its copy trading services, HFM is introducing the Japanese yen as a new base
currency and offering new features to African traders.
According
to information shared by the broker, the interface will allow users to follow
more experienced investors and automate the process of copying their positions.
“With the roll-out of our ‘Copy Trading Pro Account’, we are catalyzing a
paradigm shift in our clients’ trading methodologies,” an HFM spokesperson
explained.
The HFM’s
website states that copy trading services are conducted through HFcopy. The Pro Account
complements the existing tool, giving strategy providers new possibilities.
The
official announcement provided a somewhat succinct description, suggesting that
HFM offers a standard copy trading service, not particularly distinguished from
similar offerings by competing brokers. However, Finance Magnates
inquired about the details with Chrystanthos Kanari, the Head of Marketing at HFM.
New Base Currency and
Facilities for African Traders
According
to Kanari, the broker introduced the Japanese yen as a base currency to its portfolio in addition to the Pro Account. More significantly, it allowed South
African and Kenyan investors to follow signal providers and strategies beyond
their countries (regardless of regulation
Regulation
Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority (
Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority (
Read this Term).
“This
is very important for Kenyan and South African traders, because essentially
this means that the list of strategy providers to follow increases
exponentially,” Kanari commented.
Regarding
other recent updates to its offerings, HFM unveiled Kate, a virtual assistant
capable of communicating in 120 different languages this year.
HFM is a
brand that emerged from the rebranding of the FX/CFD broker HotForex, which has
been in the industry since 2010. HotForex announced the name change in the
first half of 2022, aimed at reflecting a broader product offering that has
long since expanded beyond just currency contracts.
Seeking to
attract more experienced retail traders, CySEC-regulated retail broker HF
Markets (HFM) has announced an expansion of its copy trading offerings with the
launch of the “Copy Trading Pro Account.” In addition to expanding
its copy trading services, HFM is introducing the Japanese yen as a new base
currency and offering new features to African traders.
According
to information shared by the broker, the interface will allow users to follow
more experienced investors and automate the process of copying their positions.
“With the roll-out of our ‘Copy Trading Pro Account’, we are catalyzing a
paradigm shift in our clients’ trading methodologies,” an HFM spokesperson
explained.
The HFM’s
website states that copy trading services are conducted through HFcopy. The Pro Account
complements the existing tool, giving strategy providers new possibilities.
The
official announcement provided a somewhat succinct description, suggesting that
HFM offers a standard copy trading service, not particularly distinguished from
similar offerings by competing brokers. However, Finance Magnates
inquired about the details with Chrystanthos Kanari, the Head of Marketing at HFM.
New Base Currency and
Facilities for African Traders
According
to Kanari, the broker introduced the Japanese yen as a base currency to its portfolio in addition to the Pro Account. More significantly, it allowed South
African and Kenyan investors to follow signal providers and strategies beyond
their countries (regardless of regulation
Regulation
Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority (
Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority (
Read this Term).
“This
is very important for Kenyan and South African traders, because essentially
this means that the list of strategy providers to follow increases
exponentially,” Kanari commented.
Regarding
other recent updates to its offerings, HFM unveiled Kate, a virtual assistant
capable of communicating in 120 different languages this year.
HFM is a
brand that emerged from the rebranding of the FX/CFD broker HotForex, which has
been in the industry since 2010. HotForex announced the name change in the
first half of 2022, aimed at reflecting a broader product offering that has
long since expanded beyond just currency contracts.
link