Yes, these are the requirements set by the brokers. The minimum deposit for a standard account is 500€. Smart Scalp FX has great additional offers for all investors. With a minimum deposit of 1000€ and 2000€, in addition to copy trading, there are over 100h of video material on the subject of forex trading or even crypto at hand. In addition, you get access to the VIP group in which you receive valuable coin tips. 

The systems of SSFX are already running for 5 years on the live market, since then the systems are also updated almost daily, because only in this way long-term systems work. Meanwhile, they backtest weekly the last 3 years to always have the latest data.

The question about total loss is a very good one, because many systems on the market make a lot of profit, but also have no stop and from one day to the next everything can be gone.

This is not possible with SSFX (extremely unlikely), because SSFX works with a stop of about 2-3% per trade. 

To be precise, it is not just one system, but dozens of them running on one account with good risk management.

However, SSFX does not like the term EA or bot, because such fixed systems do not work in the long term due to the market flow or do not have a stop loss. For this reason, they have algorithms that are adjusted daily and latest weekly to the current market flow.

PuPrime is the best broker for their project according to SSFX. More info about PU Prime

They have been working with PU for over a year now & have never had a problem that could not be resolved quickly. In addition, they know the people behind the broker personally and vouch for this broker. A huge advantage there are, among other things, the low spreads.

In addition, PacificUnion is even much safer from customers' deposits. PU's banks are in Australia and thus subject to strict deposit protection laws.

In fact, the whole signup process with registration, deposit and connection of the system takes maximum 20 minutes. After that, you have exactly 0h of time to spend except admiring your profits.

Very good question, but of course you can always withdraw your money and have sole control over it.

You can compare it to a bank account. You are the only one who has access to the money and you only give SSFX the right to place trades. When to deposit and withdraw is up to 100% you.

Legally, this is not possible at all because the partner broker must always pay out from the FSA (financial regulator such as BaFin).

The target return is 1% per day, thus an annual interest-bearing return of approximately 1100% is generated, due to compound interest. 

Of course, there are also bad days in trading, and the averages are important.

Since SSFX's systems trade depending on the market situation, it's hard to say. If it is a day that is illiquid and very volatile, then they sometimes leave the fingers from trading. On other very good days it can be sometimes 30, 40 or 50 trades.