HFTrading Review

Regulated by: ASIC, FMA

Headquarters: New Zealand

Ranking: 17

Spread: 0.7 pips (EURUSD)

Leverage: 400:1

Minimum Deposit: $0


HFTrading Review & Author's Comment

This HFTrading review contains information about HFTrading spreads, HFTrading regulation, HFTrading account types and HFTrading deposit and withdrawal details. Keep reading for further information regarding HFTrading. The Broker is established in 2019 which makes it a relatively brand-new broker. The brand is owned by CTRL Investments Ltd, a company regulated by ASIC in Australia and FMA in New Zealand.  ASIC and FMA are two of the toughest financial watchdogs in the forex industry. Due to the strict oversight, HFTrading should be considered as a reliable forex broker even though it is a fairly recent one in the world of forex.

The broker offers very tempting trading conditions with diverse account types and deposit / withdrawal methods in order to be able to serve the clients’ needs at its best. Extensive educational and analytical resources for the traders of different experience levels are other cons of HFTrading.

Is HFTrading reliable?

CTRL Investments Ltd that owns HFTrading is regulated by ASIC in Australia under license number 414198 and FMA in New Zealand under license number FSP197465. ASIC mandates the brokers under its oversight to keep client funds in segregated bank accounts. Thus, client money will still be safeguarded in the case HFTrading goes bankrupt or other financial turmoil.

HFTrading is a recently founded broker. It is not possible to say that the Broker is one of the leading companies in the forex industry however strong regulation is an adequate indication for reliability of HFTrading.

HFTrading Account Types

HFTrading offers three account types with different features to suit the needs of traders for different trading styles and trading experience. The accounts differ usually in terms of leverage and trading fees. For example, Silver accounts which are designed for novice traders come with a maximum leverage of 30:1 on forex pairs whereas Platinum accounts offer leverage up to 400:1. HFTrading does not stipulate any minimum deposit in order to open a trading account. However, bear in mind that you will have to deposit some money in order to be able to start trading.

Silver Account: Maximum leverage changes with respect to the type of instrument. It is 30:1 for forex pairs, 50:1 for metals, 50:1 for world stock indices. Spreads start from 2.2 pips for EURUSD. No additional trading commissions. Margin call and stop-out levels are 100% and 30% respectively.

Gold Account: Maximum leverage on forex pairs could go up to 400:1. Spreads are lower compared to Silver account with 1.3 pips on EURUSD. Gold accounts offer 25% swap discount. No additional trading commissions. Margin call and stop-out levels are 100% and 30% respectively.

Platinum Account: Maximum leverage is 400:1 on forex pairs and 125:1 for metals. Platinum accounts come with the lowest spread among the three account types. Spreads could go as low as 0.7 pips on EURUSD. Traders with Platinum accounts will get a 50% swap discount and no additional trading commissions. Margin call and stop-out levels are 100% and 30% respectively.

Hedging is allowed on all three account types. Silver accounts do not have swap-free option while Gold and Platinum accounts come with the swap-free feature. Gold account owners will enjoy the advantages of some exclusive services such as free VPS, news alerts and a dedicated account manager.

HFTrading Customer Support

HFTrading provides assistance to its clients through various methods including e-mail, live chat and phone. The support team is swift and qualified to answer inquiries regarding account types, trading fees, account opening and many other topics. They are polite and prompt when interacting with the clients.

  • Email: [email protected]
  • Telephone: +44 2035196864, +64 48895407 (Monday to Friday between 2 AM and 1 PM GMT)

The Broker’s website features a very resourceful educational section where traders from different experience and trading strategies would find useful and effective trading courses, E-Books and tutorials.

HFTrading Trading Platform

HFTrading provides the cutting edge and award-winning MetaTrader 4 platform to its clients for free. MetaTrader 4 has been an industry standard in terms of trading platform for the last two decades. It is being offered by hundreds of forex brokers and utilized by millions of traders from all around the world. MetaTrader 4 makes forex trading easy for novice traders through its easy-to-use interface and useful built-in tools. On the other hand, experienced traders can benefit from sophisticated trading tools and indicators in order to bring their trading into further reach.

In addition to the downloadable MetaTrader 4 software, HFTrading clients are given the opportunity to use mobile and web terminals.

Deposit and Withdrawal Methods

HFTrading clients can use a variety of methods for funding and withdrawing money. These methods include, but not limited to, international wire transfer (SWIFT), credit card, debit card, Skrill and Neteller. Some methods could be offered only to particular countries and may not be used for both funding and withdrawing.  Please also note that certain fees and commissions could be charged for deposit and withdrawals. Digital wallets such as Skrill and Neteller are to charge specified percentages while cost for international wire transfer could vary depending on the banks used for the transactions by both parties.

HFTrading does not mandate any initial deposit for opening forex accounts. It is recommended by the broker to start with at least $250 trading capital though.

HFTrading Trading Instruments

With HFTrading, traders are able to trade more than 300 financial instruments including forex pairs, precious metals, commodities, company stocks, world stock indices and cryptocurrencies. Leverage and spreads on the trading instruments vary with respect to the account type. Please note that cryptocurrencies are leverage free.

HFTrading Bonus and Promotions

HFTrading does not offer any bonus and promotions currently.

HFTrading Final Word

Regulated by two stringent financial watchdogs, ASIC and FMA, HFTrading offers competitive trading conditions with three different account types and state-of-the-art trading platform MetaTrader 4. The educational materials offered on the Broker’s website would benefit both novice and experienced forex traders. Overall, HFTrading is a recommended and trustworthy forex broker.

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Broker Detail
Adress: Level 3, 50 Victoria Street, Christchurch Central, Christchurch 8013, New Zealand
Phone: +44 2035196864, +64 48895407
Web: http://www.hftrading.com
E-Mail: suppo[email protected]
Regulator: ASIC, FMA
Year Founded: 2019
Instruments
Forex:
Precious Metals:
Energy:
Soft Commodities:
Indices:
CFDs:
Stocks:
ETFs:
Bonds:
Options:
Cryptocurrencies: Bitcoin, Ethereum, Litecoin, Dashcoin, Ripple, Bitcoin Gold, Bitcoin Cash, IOTA, Lisk, NEO, QTUM, NEM, Zcash, Verge, Siacoin, Monero
Account Options
ECN Account:
Swap-Free Account:
Nano Account:
MAM / PAMM Account:
Demo Account:
Funding Methods: Wire Transfer, Credit / Debit Card, Neteller, Skrill
Withdrawal Methods: Wire Transfer, Credit / Debit Card, Neteller, Skrill
Customer Services
Live Chat:
24 Hours Support:
Languages: English
Platforms
Supported Platforms: MetaTrader 4
Webtrader:
Mobile: IOS, Android
Trading
Leverage: 4000:1
Spreads: As low as 0,7 pips for EURUSD
Minimum Deposit: $0
Fixed Spreads:
Automated Trading:
Hedging:
API Trading:
Negative Balance Protection:
Accepts Clients from the US:

HFTrading Review

  • 8.6/10
    Reliability - 8.6/10
  • 8/10
    Deposit & Withdrawal - 8/10
  • 5/10
    Bonus - 5/10
  • 8.3/10
    Customer Support - 8.3/10
  • 8/10
    Overall Trading Conditions - 8/10
7.6/10

Summary

Regulated by ASIC in Australia and FMA in New Zealand. Competitive trading conditions with three different account types and state-of-the-art trading platform MetaTrader 4. Extensive educational materials for both novice and experienced forex traders.