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HFM Introduces Copy Cent Account for Copy Trading

HFM’s Copy Cent account uses USC and a 1,000-unit contract size. Here are the current deposit requirements, leverage, instruments and copy-trading restrictions.
From TheFinanceBase Team8 min to read
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HFM announced its Copy Cent account on August 21, 2023, giving copy-trading followers and strategy providers a way to use smaller contract sizes. The launch terms included a $10 minimum for followers, a $25 minimum for strategy providers, 1:500 leverage and no commission.

Those were launch terms, however. HFM’s current Copy Trading table lists different maximum leverage and confirms that the Copy Cent account is separate from HFM’s ordinary Cent account. The current Copy Cent specification shows maximum leverage of 1:1,000, a $10 minimum opening deposit for followers and $25 for strategy providers.

What HFM’s Copy Cent account is

The Copy Cent account is a copy-trading account denominated in USC, with a contract size of 1,000 units per lot. That is substantially smaller than the 100,000-unit contract size listed for HFM’s Premium and Pro Copy Trading accounts.

The reduced contract size can make smaller trade exposure possible, but it does not remove the risk of losing money. Leverage can magnify both gains and losses, and copy trading does not guarantee that a follower will obtain the provider’s results.

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HFM’s ordinary, non-copy Cent account should not be confused with the Copy Cent account. HFM currently advertises the ordinary Cent account with a $0 minimum opening deposit and leverage of up to 1:2,000. The Copy Cent account has its own requirements and currently published maximum leverage of 1:1,000.

Current Copy Cent specifications

Feature Current published term
Account currency USC
Platforms MetaTrader 4, MetaTrader 5, HFM WebTrader and HFM Mobile Trading
Instruments Forex and gold
Spread From 1.4 pips
Contract size 1 lot = 1,000 units
Maximum leverage 1:1,000
Execution Market execution
Minimum deposit for a strategy provider $25 / 2,500 USC
Minimum deposit for a follower $10 / 1,000 USC
Minimum trade size 0.01 lot
Trade-size increment 0.01 lot
Maximum total trade size 1,000 Cent Lots per position; 6,000 Cent Lots per account
Maximum simultaneous open orders 150
Margin call / stop-out 50% / 20%
Commission No commission shown in HFM’s comparison table
Maximum followers 200–1,000, unless otherwise agreed with HFM

Swap-free treatment is available only for specified instruments and remains subject to HFM’s terms. The Copy Cent list is limited to forex and gold; products available on some other HFM account types should not be assumed to be available here.

How the USC denomination works

“Cent” does not mean that every trading cost is simply displayed as a conventional dollar amount divided by 100. The relevant features are the USC account currency and the smaller contract size.

HFM’s ordinary Cent-account documentation uses the c suffix for MT4 and MT5 symbols, with examples such as EURUSDc and XAUUSDc. Symbol names and availability can vary by entity and platform, so traders should confirm the exact symbol shown in their own terminal before placing an order.

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How to open and use a Copy Cent account

HFM’s public site does not verify a universal, account-authenticated menu path inside myHF. It is therefore safer to use the public buttons rather than rely on a claimed sequence such as “myHF → Accounts → Open Copy Account.” The publicly visible routes are:

  • Investing → Become a Follower
  • Investing → Become a Provider
  • Investing → Copy Strategies

The public follower page uses the button Become a Follower, while account opening is also presented through Open Account or Join Now. The available account types and terms depend on the HFM entity and the client’s region.

For a follower, HFM describes the process as:

  1. Register with HFM.
  2. Choose a strategy provider account.
  3. Add funds to a new follower account.
  4. Set the Rescue Level.
  5. Set the Volume Allocation.

An existing conventional HFM trading account is not automatically converted into a copy-trading account. HFM says an existing client must open a new Copy Trading account. A client can be both a follower and a strategy provider, but those activities require separate accounts.

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How copied trade sizes are calculated

HFM publishes this formula:

Copy Ratio = (Follower Equity / Strategy Provider Equity × Volume Allocation %) / 100

For example, HFM gives a strategy provider equity of $5,000 and a follower equity of $400. With volume allocation set to 100%, a provider trade of 1 lot produces a copied trade of 0.08 lot:

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($400 / $5,000 × 100) / 100 = 0.08

At 50% volume allocation, the copied size would be 0.04 lot. The calculation is still constrained by the account’s minimum trade size. HFM states that a minimum copied trade of 0.01 lot may be opened, subject to the follower’s approval and confirmation. Consequently, very small calculated positions may not behave as perfectly proportional sizes.

What a follower does—and does not—copy

Following a provider does not recreate the provider’s existing portfolio. HFM says:

  • Previously closed trades are not copied.
  • Trades already open before the follower starts are not copied.
  • Only trades opened after following begins are automatically copied.

This timing matters. A follower who joins after a provider has opened a position will not automatically receive the same entry price or position.

HFM also says a follower may close an open copied trade, but cannot amend it. The follower should not assume that the copied order’s stop-loss, take-profit or other parameters can be edited after execution. HFM’s public page refers to setting stop-loss levels, but its FAQ specifically says copied trades cannot be amended; the exact risk-control behavior should be confirmed in the live account before following.

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Rescue Level is not an exact cash guarantee

Rescue Level is intended to protect a percentage of the follower’s balance if losses reach the selected threshold. When the level is reached, HFM says all open trades in the follower account are closed and the remaining funds are no longer available for placing trades.

That mechanism should not be treated as a guaranteed exact-price stop or guaranteed cash amount. HFM warns that volatility can mean the amount actually preserved is above or below the expected amount. Fast markets, spreads and execution conditions can affect the result.

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Unfollowing and the “Pending Unfollow” problem

A follower can choose to unfollow through the myHF area. If there are open positions, HFM says they are closed when the account disconnects. Unfollowing may not complete while the relevant market is closed, including during an instrument’s trading break. The follower must retry when the market reopens.

HFM’s current Copy Trading Agreement also describes a Pending Unfollow status. This can occur because of market-closure hours, an instrument trading break or a system error. While the status remains pending, trading and balance operations may be restricted until processing finishes.

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HFM says a follower may remove available free margin and manually close positions while waiting. That is different from being able to amend a copied trade’s parameters.

Can one follower account follow several providers?

No. Each individual follower account can follow only one strategy provider account at a time. A client may follow more than one provider by using multiple follower accounts, subject to the account limits applicable to the client’s HFM entity and account type.

HFM’s terminology page refers to up to 10 follower accounts, but current agreements for particular entities can impose different limits. One published agreement, for example, specifies up to five Copy Cent follower accounts. The “10” figure should not be treated as a universal Copy Cent allowance.

Performance fees

HFM states that there is no administrative fee for joining Copy Trading. A performance fee may nevertheless be payable by the follower to the strategy provider when the provider’s performance is positive.

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HFM describes a high-water-mark system, with performance fees paid every Saturday. No performance fee is paid while the provider account remains below its previous high-water mark; losses must first be recovered before performance fees resume. For providers, HFM says the performance-fee percentage is selected when the strategy account is opened and cannot later be changed for that strategy.

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What happens if the provider closes the account?

If the strategy provider closes the account being followed, HFM says the follower is notified and automatically disconnected. Available funds are transferred to the follower’s myWallet, after which the follower can select another provider.

This should not be read as a promise that open positions remain active or that the follower stays attached to the closed strategy. The account’s actual position handling is governed by HFM’s copy-trading terms and the circumstances of the disconnection.

Availability and regional restrictions

HFM lists Copy Trading support across MT4, MT5 and the HFM Mobile Trading App. Its Copy Cent comparison table additionally lists HFM WebTrader.

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HFM’s international website says it does not offer services to U.S. citizens or residents. A U.S.-based reader should not be directed to open an HFM Copy Cent account. Other eligibility, product and leverage conditions can also vary according to the HFM entity serving the client.

Bottom line for prospective users

The Copy Cent account is defined by its USC denomination and 1,000-unit contract size, not merely by the word “cent.” HFM currently lists a $10 minimum for followers, a $25 minimum for providers, 1:1,000 maximum leverage, forex and gold access, and a 0.01-lot minimum trade size.

Before opening one, check the live terms for your HFM entity, confirm the symbols available in the platform, and understand the operational limits: new trades only are copied, copied positions cannot be amended, one follower account follows one provider, and unfollowing can be delayed when markets are closed.

FAQ

When did HFM introduce the Copy Cent account?

HFM announced the Copy Cent account on August 21, 2023. The launch announcement listed a $10 follower minimum, a $25 provider minimum and 1:500 leverage. HFM’s current Copy Trading table lists maximum leverage of 1:1,000, so the launch terms should not be presented as current specifications.

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What is the current minimum deposit for HFM Copy Cent?

HFM currently lists $10, or 1,000 USC, for a follower and $25, or 2,500 USC, for a strategy provider. These figures apply to the Copy Cent account, not necessarily to HFM’s ordinary Cent account.

What instruments can be traded on Copy Cent?

HFM’s current Copy Trading table lists forex and gold for the Copy Cent account. Instruments available on other HFM account types should not be assumed to be available on Copy Cent.

Can followers edit copied stop-losses or take-profits?

HFM’s FAQ says followers may close an open copied trade but cannot amend it. Do not assume that a copied order’s stop-loss or take-profit can be changed after it is copied.

Does Copy Cent copy a provider’s existing open trades?

No. HFM says previously closed trades and positions that were already open before following began are not copied. Automatic copying applies to trades newly opened after the follower starts following.

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Can one follower account follow multiple providers?

No. Each follower account can follow only one provider at a time. Multiple providers require multiple follower accounts, subject to the limits applicable to the client’s HFM entity and account type.

The Bottom Line

Bottom line: HFM’s Copy Cent account offers a smaller 1,000-unit contract size for copy trading, with current published minimums of $10 for followers and $25 for strategy providers. Treat the 2023 launch announcement separately from today’s terms, and verify eligibility, leverage, instruments and account limits with the HFM entity serving your region before committing funds.

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