Open HotForex's Auto Account for MQL5 for Signals and Copy Trading
Automate your FX trading and Earn Profit with HotForex's Auto Account.
100% Automated: FX & CFD Copy Trading is easy with HotForex’s Auto Account!
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- Auto Trade for investors who don’t have time
- What is HotForex Auto Account?
- Merits of using HotForex Auto Account
- Built-in MQL5 Community
- Minimum Spread from 1 pip
- Over 1000 financial markets for trading
- Precision to 5 decimals
- High leverage up to 1:500
- No restrictions of Signals and Indicators
- Market Execution for orders
- Start trading only from 200 USD
- Flexible Trading from 0.01 to 60 lots
- Up to 300 simultaneous orders
- Stop Out Level at 20%
- No trading commissions charged
- Choose from USD, EUR, NGN base currencies
Auto Trade for investors who don’t have time
Have you ever had the following experiences while trading Forex online?
- No time to trade
- Not being able to make profits
- Feeling stress psychologically
If yes, changing your Trading Account type to “Auto Account” of HotForex, might save you from the troubles.
HotForex’s Auto account is an account type dedicated for automated copy trading through MQL5 community.
Open HotForex’s Auto account, and log in to see the MQL5 trading tool already built-in your trading platform.
Use your HotForex’s Auto account, to efficiently copy signals from MQL5.
What is HotForex Auto Account?
HotForex has many account types and one of them is “Auto Account”.
“Auto Account” is suited for traders who like to use the service of “MQL5”.
After account opening, it can be connected to MetaQuotes’ MQL5 community where thousands of Signals, Indicators, Scripts are available for online traders.
The main condition of “Auto Account” is as follows.
| Trading Platform | MetaTrader 4 (MT4) |
|---|---|
| Tradable Instruments | CFDs, Commodities, Forex, Indices, Precious Metals and Stocks/Shares |
| Business Model | NDD |
| Execution Type | Market execution |
| Minimum Deposit | $ 500 |
| Base Currency Options | EUR or USD |
| Leverage | Up to 400:1 |
| Spread Type | Variable |
| Minimum Spread | Trade from 1 pips |
| Negative Balance Protection | Full Supported |
| Minimum transaction size | 0.01 lots |
| Maximum transaction size | Up to 60 Standard Lots |
| Copy Trading | through MQL5 Community |
| Margin Call % | 50% |
| Stop Out % | 20% |
For the full trading conditions of “Auto Account” please visit the page here.
The account type gives you an opportunity to save you from the troubles as mentioned at the beginning.
Find out more about HotForex from below.
Visit HotForex Official Website
Merits of using HotForex Auto Account
HotForex Auto Account is suited for both novice and professional investors who are interested in using MQL5’s trading signal and indicators.
With HotForex Auto Account, you can subscribe to free and paid Trading Signals from the MQL5 Community.
The MQL5 community which you may have been browsing on the web is already built-in HotForex MT4 for the users of HotForex Auto Account.
HotForex Auto Account clients can subscribe to Signals via the MetaTrader 4 Platform directly.
Why you should use HotForex Auto Account to use the service of MQL5?
There are many merits that HotForex Auto Account provides for investors.
1. Built-in MQL5 Community
You can use HotForex Auto Account on MT4 (MetaTrader4) trading platforms.
HotForex MT4 platform for HotForex Auto Account has integrated the MQL5 community which you need to receive signals and indicators in real-time to your account.
With HotForex Auto Account, you don’t need to open a web browser to look for signals or indicators, but you can directly operate on HotForex MT4.
You may just open HotForex Auto Account, make a deposit, log in to HotForex MT4, then you are ready to start receiving signals and indicators through MQL5 community.
2. Minimum Spread from 1 pip
The minimum spread of HotForex Auto Account is only 1.0 pip.
Such a tight spread can be a great advantage for both manual traders and signal traders.
The spread is variable (floating) and you are always provided with the tightest possible spread on HotForex Auto Account.
Does the trading signal or indicator you have chosen on MQL5 require tight spread to be able to perform well?
Don’t worry because HotForex Auto Account has one of the tightest Forex spread in the industry.
Go to HotForex Official Website
3. Over 1000 financial markets for trading
On HotForex Auto Account, there are more than 1000 financial markets to invest in.
Trading signals and indicators from MQL5 may require to be applied on a certain financial instrument, and HotForex has got more than you need on HotForex Auto Account.
Over 1000 financial markets mean over 1000 trading opportunities.
If a trading signal or indicator does not work well on a market, you may apply the same signal or indicator to others and they could work well.
Every financial market has different characteristics and exploring through different markets can bring you great opportunities even with the same trading signals.
Invest in 1000 markets with HotForex
4. Precision to 5 decimals
The precision is one important factor when using signals or any automated trading systems.
On HotForex Auto Account, the price is shown til 5 decimals.
For example, in case of EURUSD, the price shown as “0.00000”.
Brokers used to be showing only 4 decimals for price quotes in the past, but HotForex’s advanced trading server can process up to 5 decimals.
This condition gives you more precision when receiving signals and indicators.
The signals or indicators of MQL5 normally requires price quotes of 5 decimals, and you wouldn’t have a problem with that on HotForex Auto Account.
Visit HotForex Official Website
5. High leverage up to 1:500
On HotForex Auto Account, you can utilize up to 1:500 high leverage for trading.
With such high leverage, you can invest from a small amount of funds.
It is often that trading signals from the MQL5 community a certain amount of funds to be properly operated.
With HotForex Auto Account, you can flexibly adapt such requirements by using the high leverage.
HotForex Auto Account requires only 200 USD of minimum deposit.
Trade with 1:500 High Leverage
6. No restrictions of Signals and Indicators
HotForex is an NDD (No Dealing Desk) broker that does not manipulate market quotes or interfere with clients’ trades.
Due to the characteristics of HotForex’s business model, HotForex does not have any restrictions on the trading platforms in terms of trading strategies.
It is the same condition for the HotForex Auto Account.
On HotForex Auto Account, you can freely trade with any trading strategies with no limit.
You can also receive any types of trading signals and use indicators to make a profit efficiently as you like.
HotForex supports you to generate profits with the Auto Account.
7. Market Execution for orders
HotForex has adopted the “Market Execution” but not “Instant Execution” for HotForex Auto Account.
This means that your orders are executed at the best possible market price at any time.
There are no re-quotes or order rejections to your orders.
As all your orders are executed with the fair condition of the “Market Execution”, your orders could experience both positive and negative slippage naturally.
The “Market Execution” of HotForex Auto Account has more positive aspects for traders than other execution types.
8. Start trading only from 200 USD
HotForex Auto Account requires only 200 USD to start trading.
It is relatively a small amount to start trading, thus HotForex Auto Account is suited also for traders who just want to try out the account’s condition before investing a large amount.
You can also make a deposit to HotForex Auto Account in other currencies, and the amount will be converted automatically by HotForex.
Note that even though you can start trading from only 200 USD of minimum deposit amount, lower account balance is more vulnerable to market volatility.
You should not invest more than you can afford to lose, but you are recommended to keep enough amount in your account to support your open positions and drawdowns.
Go to HotForex Official Website
9. Flexible Trading from 0.01 to 60 lots
HotForex Auto Account can processes orders from 0.01 lots to 60 lots.
1 lot equals to 100,000 units in case of HotForex Auto Account, thus 0.01 lots equals to only 1,000 units.
With HotForex’s fortified trading servers and the connection to the deep liquidity, HotForex Auto Account is capable of processing up to 60 standard lots per order which is a very large amount even in the Forex market.
Does your signal from MQL5 requires trading of micro lots or a large volume?
HotForex Auto Account can support such trading signals with ease.
10. Up to 300 simultaneous orders
Some Forex brokers have the restrictions to the number of orders you can have at the same time.
In case of HotForex Auto Account, you can have up to 300 orders simultaneously in one account.
With this condition, you can run any types of trading signals especially the ones that perform scalping trades frequently.
With HotForex Auto Account, it would be rare to confront a situation like you cannot place orders anymore due to system limitation.
Go to HotForex Official Website
11. Stop Out Level at 20%
HotForex has set the margin call level to 50% and the stop out level to 20% on the Auto Account.
When the margin level in HotForex Auto Account reaches 50%, you will receive a notification which practically advises you close positions or fund more amount in order to keep positions.
When the margin level reaches 20%, all positions will be forcefully closed (liquidated) in order to avoid further losses in the account.
The stop out is implemented automatically by the system.
The stop out level of 20% is very low comparing to other accounts of other brokers.
With HotForex Auto Account, you can continue trading with the full amount of funds even during drawdowns.
12. No trading commissions charged
On HotForex Auto Account, there are no extra trading commissions charged.
The spread on HotForex Auto Account is as low as 1.0 pip and that is the only cost you need to pay while trading.
On HotForex Auto Account, you can trade Forex and CFDs with one of the lowest cost possible.
Note that if you carry over positions to the next day in the server time, swap points (interest rate) will be credited or charged accordingly.
Trade Forex with No Trading Commission
13. Choose from USD, EUR, NGN base currencies
For HotForex Auto Account, you can choose from 3 different account base currencies which are USD, EUR and NGN.
For your own convenience, you can choose a base currency as you like.
In case your fund is in other currencies, then you can also send your funds to HotForex as it is and the intermediary banks and online wallet service providers will convert the amount automatically for you.
There are various fund deposit and withdrawal methods for traders of HotForex.
Choose the most convenient funding method and the base currency.
