HFTrading is one of the most popular CFD and Forex broker’s websites that render online financial services beyond conventional trading boundaries. It is a brokerage firm for both beginners and experienced traders with several pros. It offers various facilities to make a trade fruitful.
In addition, the traders have instant access to unlimited educational content, fast execution of payments, and different account types. The solid foundation for future prospects of investment, HFTrading is excelling with its services day by day.
The educational material available on the platform guides traders in gaining experience. Thus, the broker offers high-tech analytical tools and provides trade flexibility. Moreover, with its individualized facilities, traders can use 300+ CFD underlying assets.
Pros and Cons:
Pros:
- Flexible spreads
- Free VPS
- Commission-free trade
- Huge variety of trade instruments
- Educational Resources
- Advanced Trading platform
- Trade CFD on 300+ Asset Classes
- Well-regulated by the Australian Securities and Investments Commission
- Wide selection of currencies including all Major and Minor Forex pairs
- Offers Islamic Account
- Cross-platform synchronization
- One-click trading
- Range of Technical tools
Cons:
- No clients other than Australia & New Zealand
- Minimum deposit of $250
- No Negative Balance Protection
Is HFTrading Scam or Legit Broker?
HFTrading is regulated by the Financial Markets Authority (FMA) and the Australian Securities and Investments Commission (ASIC). In addition, the client’s funds are kept in a segregated bank account.
The broker also has the regulations of section 80 of the Anti Money Laundering and Countering Financing of Terrorism Act 2009. This helps in the verification of traders’ accounts and prevents theft and other criminal activities.
This regulated financial services provider is licensed and regulated under the trading name of CTRL Investments Limited, a company registered in New Zealand and it is also a registered foreign company in Australia. That means the broker is regulated both in New Zealand and Australia.
Various global regulatory bodies such as the Australian Securities and Investments Commission (ARBN: 152-535-085; Australian financial services license (AFSL) number: 414198) and the New Zealand Financial Markets Authority (New Zealand Business Number (NZBusNo) 9429031595070; NZ financial services provider register (FSPR) number: FSP197465) regulate the parent company – CTRL Investments Limited.
With the above information, we can say that HFTrading is not a scam but a legit and licensed broker.
Why to Choose HFTrading?
The main goal of this brokerage trading platform is to make global financial markets accessible to every client, regardless of their degree of knowledge. The best thing about the broker is that it keeps clients’ funds in the segregated bank accounts with top-tier banking institutions.
Here are some of the other features of trading with HFTrading:
Broad Range of Trading Instruments:
HFTrading offers a wide array of CFDs and assets, including currency pairs, crypto markets, indices, precious metals, commodities, stocks, and more.
Commission-free Trading:
The financial services company provides complete trading independence, with no deposit fees and no hidden or extra charges. HFTrading allows clients to focus completely on learning about trading in the financial world, rather than worrying about hidden fees interfering with their top-tier trading performance.
Tight Spreads:
HFTrading offers industry’s lowest and good spreads that allow you to take advantage of this huge and diverse world of trading.
Professional Customer Support:
Responsible and good customer service is critical to the success of any business. In this series, customer support is always there to assist you with everything from joining the platform to navigating the global markets.
Different Trading Account Types:
The broker has all that one needs to have a secure and safe trade online. The three account types offered by the broker are designed for all traders whether they are beginners, seasoned, or users with intermediate experience.
Additionally, HFTrading offer three online trading account types: Silver, Gold, and Platinum. All these three trading accounts allow alternative Islamic accounts for Muslim traders.
Silver Account:
For novice traders, the Silver trading Account is a suitable and ideal choice. The traders who are stepping into the world of trading can take advantage of this account type.
The silver account offers CFD trading on underlying assets to trade all major and minor forex pairs such as USD/EUR, shares, cryptos such as Bitcoin, indices, and many more. Thus, making the trade amazing for traders. It has the following advanced features:
- The minimum deposit requirement is $250
- Spreads starting from 1.8 pips
- Base currencies
- Leverage of 1:200
- Zero commission
- Dedicated support team
- 300+ Underlying asset
- Hedging
- Marginal call at 100%
- Stop out at 15%
- STP execution mode
- Standard execution speed of 2000ms
Gold Account
Gold account is suitable for traders, who have some experience and is advanced with tools can go for this HFTrading account type. Increasing the expertise of Forex trading, the account is a step forward from the silver trading accounts and elevates the trading skills. It has the following features:
- Educational Material such as forex courses and articles
- Minimum deposit of $5000
- Spreads starting from 1.8 pips
- Leverage of 1:200
- Base Currencies
- Access to numerous underlying assets
- No Commission charges
- 300+ CFD Asset Classes
- Dedicated support team
- Hedging
- STP execution model
- Average execution speed of 60ms
- Marginal call of 100%
- Stop out 15%
- Dedicated Account Managers
- 25% discount on swap fee
Platinum Account
HFTrading offers good trading conditions for the advanced traders of the Forex market. Platinum offers numerous advantages and is designed to aid such traders with trading opportunities.
An account with facilities of silver and gold trading accounts and much more advanced functions. The platinum account holders get the following functions and benefits:
- Minimum spreads starting from 1.8 pips
- Minimum deposit of $10,000
- High leverage of 1:200
- No commission charge
- 50% discount on swap fee
- Dedicated Account Manager
- Base currencies
- News alerts
- Educational materials
- Hedging
- Hefty Swap Discounts
- Trading Signals
- STP execution
- Average execution speed of 50ms
- Marginal call of 100%
- Stop out of 15%
How to Start Trading on HFTrading?
Anyone can open an account on the broker’s platform in a few simple steps. Traders can easily register and create an individualized account to trade with this Forex broker. Below mentioned are four simple steps to open an account:
- The first step of account opening is getting registered with the broker.
- On the official website hftrading.com, traders can find the option of opening an account on the top right-hand side.
- By clicking on that, a new page opens on the screen with the registration.
- You’ll have to fill the personal information such as contact number, email address, and password to protect the account.
- Once these details are filled in, the client must tick the two statements with the declaration of age and product updates and click the continue button.
- The second step is the information section, which asks for the client’s more details, ID proofs, and other data the broker requires.
- The third step is a questionnaire, where the client has to answer the questions regarding past performance if they have any. This would help the broker in guiding the client for further trade.
- The client has to provide details of the legal documents such as bank statements or utility bills asked by the broker in the fourth step.
- Now, make a minimum deposit in the account to get started.
Available Trading Platforms:
HFTrading offers the most popular trading platform. The MetaTrader4, Webtrader (Web based version), and mobile trading apps simplify the experience. Traders can easily access them and have trading tools to trade. Let’s drive into the details of the three trading platforms:
MetaTrader4
With the MT4 trading platform, a desktop terminal for world trading, traders can easily have the Forex market updates sitting at home. MT4 is the most popular and user-friendly interface that provides flexible trading.
It helps in trading the financial market on laptops and computer devices. The high functionality of the trading platform makes it reliable and a choice of millions. MetaTrader4 trading platform offer features that are straightforward in the process and make the trade accessible. Below is the list of its benefits:
- Nine standard time frames
- Charts and patterns
- Optimizes and diversifies the trade
- Easy accessibility
- Ample market range
- Analytical Research tools
- Trade automation
- Available in MT4 mobile version
- Data security and Transparency
- Several indicators
- Accessible on any web browser
- Expert advisors
- View important data such as price movements
- Technical and fundamental analyze
- Placing of stop-loss orders etc.
- User-friendly interface
- Customizable
- Technical Analysis Tools
- Award-winning platform
WebTrader:
The second platform offered by this CFD and Forex broker is WebTrader. With just a click, traders can check the market changes update using WebTrader.
No installations and downloads make the trading platform the easiest and time-saving platform. Making every second count of the traders, WebTrader has the listed features:
- MT4 access
- Easy trading endeavors
- Provides account histories
- Rapid execution
- Accessible on any web browser
- Handy Charts and analytics
- Transparent and secure trading
- Direct use
Mobile Trading Application:
The mobile version offers a trouble-free trading platform that could be used anytime and anywhere. Mobile phone users can easily download the application from the Android play store or Apple store and trade online. The application has all the features and can access the market in seconds. Thus, making it handy and super quick a trade.
- Access to the MT4 platform
- Full access to the platforms through a mobile app
- Better efficiency
- Professional Market analysis tools
- Free download and quick installation
- Customizable
- Market updates
- Intuitive platform
- Accessible on Android and iOS devices
- Several indicators
- News alerts
- Available on Google Play Store and Apple App Store
Major Trading Instruments:
The broker claim to offer a range of trading instruments to its clients. Have a look at 6 major financial instruments available on platform:
- Cryptocurrencies
- Commodities Trading
- Forex Trading
- Stocks
- Indices
- Metals
Always remember your capital is at risk and you should only trade with money you can afford to lose – do not borrow money to fund your trading activity.
Commission, Trading Fees, and Spreads:
The broker has a transparent pricing structure. This multi-asset platform offers a commission-free trade experience to both new clients and more advanced traders; meaning it doesn’t charge commission on trades. All clients’ profits belong to them; consequently, a trader can trust this good broker.
HFTrading offers tighter spreads to its clients, with the minimum spreads starting from 1.8 pips. Spreads are the difference between the bid and ask price for any trading instrument. Moreover, it helps traders in deciding the cost of opening and closing positions.
Some brokerage firms may charge inactivity fees as compensation for maintaining your account. However, there are no inactivity fees for inactive accounts on HFTrading.
Maximum Leverage:
This forex broker provides traders with a leverage ratio to enhance their market position with less investment. For the various accounts that the platform offers, the maximum leverage is 1:200 (professional account).
As a result, traders can enjoy a high position with the initial investment; however, leverage increases trade risk in the Forex market. So, choose leverage based on your trading needs and style.
Deposit and Withdrawal Process:
The convenience of trade with no hidden costs and extra charges is what a trader needs. HFTrading has all the facilities to make the process hurdle-free and enjoy the trade. There are no additional charges on the deposition of funds.
Traders can deposit funds and trade freely with no additional charges. To deposit money, traders can use e-wallets, bank/wire transfers, and credit and debit cards.
Withdrawal is also as convenient as depositing money; this good broker doesn’t charge any withdrawal fees. However, the banks from which a transaction is done may have certain charges, so traders must consult and take complete information about the transaction process.
The convenient payment method/gateway used for deposit and withdrawal include:
- MasterCard
- Maestro
- MasterCard.
- Skrill
- NETELLER
- VISA
- VPAY
- Bank Transfer
- Wire Transfer
Educational Resources and Research Support:
HFTrading has the best educational support for the clients. The trading articles, e-books, tutorials, videos, educational webinars, Forex courses and much more help the traders understand and know the Forex trading in depth.
Moreover, every single term is explained. Thus, leaving no room for confusion. If there are some problems, traders can consult customer support. Hence, making this platform an excellent educational center and support system for clients online.
Research could be done with tools like the economic calendar, earning seasons calendar, and trading signals. Clients can use these for getting an idea of the market, make predictions, and trading smoothly. All the features make your experience easy and aid in the process of profit earning.
Customer Support:
The customer service team is available 24/7 for supporting their clients’ queries in multiple languages including English. A client can quickly get in touch with the team through multiple channels including phone support.
The official HFTrading website has an option of contact and complaint about hearing the problems of traders. For the fastest response, choose a live chat option.
For complaints, traders can communicate with the team through:
- Availability: Monday to Friday (Business Days) from 09:00 – 00:00 NZST
- Phone Number: +64 48895407
- Live chat support
- Email support: [email protected]
- Form option to message the team
For contacting the team for any suggestion or help, traders can get in touch through:
- Available from 09:00 – 00:00 NZST
- Contact no.: +64 48895407
- Live chat support
- Email support: [email protected]
- Form option for message
Conclusion:
That’s all in our detailed HFTrading review, hope you may find this article helpful. Here is what we have found about this CFD and Forex broker – HFTrading is the best option available to new traders to start their journey in the financial market.
The main thing is the broker is well regulated. Various global financial regulators such as the Australian Securities and Investments Commission (ARBN: 152-535-085; Australian financial services license (AFSL) number: 414198) and the New Zealand Financial Markets Authority (New Zealand Business Number (NZBusNo) 9429031595070; NZ financial services provider register (FSPR) number: FSP197465) regulates CTRL Investments Limited (a parent company of HFTrading).
Except these traders also have individual trading account options as per their needs, heightened leverage ratios, educational support, and customer support for the aid of clients 24/7.
On the other hand, going with this best online broker can be a great choice for active traders. The platform offers competitive spreads, and automated trading strategies; all these features make it different from other forex brokers.
In fact, all of the available platforms allow pro-level traders to use powerful charting tools and execute algorithmic trading. Also, if you require additional information about brokers, you can do your own research. Overall, HFTrading is a market maker.
Finally, we hope you found this broker review to be informative, and we wish very best in your trading journey. On the other hand, it is just an unbiased review of the broker and doesn’t constitute financial advice.
Risk Warning: CFD contracts are a complex instrument and before starting, consider all the risks involved in it. Most retail investors/traders end up losing their hard-earned money rapidly while trading CFDs. Most new retail investor accounts lose money when trading CFDs.
Always remember your capital is at risk and you should only trade with money you can afford to lose – do not borrow money to fund your trading activity.
