HFTrading Review
This is a Trusted and Regulated Broker!
HFTrading Review 2020
9.4/10
$100
Minimum DepositIn this review, we will look at HFTrading, an online CFD trading platform that is owned and operated by a company called CTRL Investments Limited. The company is based in Christchurch, New Zealand, but is also registered in Australia.
In our review of this trading platform, we will look at how safe it is to trade on HFTrading, what kind of a platform it has, as well as how its platform compares to others.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
| HFTrading Key Information | |
|---|---|
| Broker site : | https://www.hftrading.com/ |
| Established Date: | 2018 |
| License: | Australian Securities and Investment Commission |
| Languages supported: | English |
| Minimum Deposit: | N/A |
In this review, we will look at HFTrading, an online CFD trading platform that is owned and operated by a company called CTRL Investments Limited. The company is based in Christchurch, New Zealand, but is also registered in Australia.
In our review of this trading platform, we will look at how safe it is to trade on HFTrading, what kind of a platform it has, as well as how its platform compares to others.
Is It Safe to Trade on HFTrading?
HFTrading is a safe platform to trade on. This is because this brokerage is regulated by two strong financial regulators – the Australian Securities and Investments Commission and the New Zealand Financial Markets Authority. Its registration numbers are:
- Australian Registered Body Number (ARBN) with the ASIC: 152-535-085
- Australian Financial Services License with the ASIC: 414198
- New Zealand Business Number: 9429031595070
- New Zealand Financial Services Provider Register (FSPR) Number: FSP197465
Furthermore, this platform has a suite of security measures put in place so that traders and their funds are protected from cyber-attacks. HFTrading uses SSL technology encryption for all transfers and has a strong firewall in place to prevent any form of hacking of their clients’ information.
And thanks to these measures, since its founding in 2018, HFTrading has never had a security breach.
Types of Accounts and Trading Conditions
HFTrading offers its clients a choice of 3 different types of accounts on which to trade:
- Silver: This type of account is targeted at novice traders. It offers you a range of more than 700 different assets with which to trade, and the minimum spreads start at 0.07 pips. You also get a maximum leverage ratio of 1:30.
- Gold: For advanced traders, you are offered a minimum spread of 0.05 pips, with a maximum leverage ratio of 1:500. You are also given the option of hedging and can avail a swap discount of up to 25%.
- Platinum: This account is meant for professional traders, and has a spread that begins at a minimum of 0.03 pips. The maximum leverage offered for this type of account is 1:500, and you also get a swap discount of 50%.
Each of the accounts also have an Islamic trading option.
Trading Instruments on Offer
HFTrading offers its clients a range of CFDs, such as Forex currency pairs, Precious Metals, Shares, Indices, Commodities and Cryptocurrencies. All in all, this brokerage offers you more than 700 instruments with which to trade.
The best part is that all these assets classes are available through your HFTrading account, so you will be able to use a single interface to trade different assets across various markets.
Another point to keep in mind is that this is CFD trading, which are Contracts for Difference, and which are best-suited for day traders and those who execute short-term trades. What this means is that you are trading on contracts and not the actual stocks or cryptocurrencies. This means you do not own the asset (so no cryptocurrency wallets needed!).
The HFTrading Platform
HFTrading actually consists of 3 different trading platforms:
- The MetaTrader 4 (MT4)
- HFTrading Webtrader
- HFTrading Mobile App
The fact that HFTrading offers its customers the MT4 trading platform is a huge plus, since this is the preferred interface for more than 80% of the world’s traders. This is because this platform is easy to use – both for novices as well as professionals.
The MT4 trading platform also offers its users a range of extra features such as automated trading bots (called Expert Advisers), more than 50 charting options and nearly a hundred market indicators. All these features help traders make more informed decisions while executing trades.
Registering an Account with HFTrading
The registration process to open an account with HFTrading is quite straightforward.
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Signing Up
To sign up for an account, all you need to do is fill in the personal information form on this broker’s Open Account button, which is located on the top right corner of the home page.
You need to input your Given Name, Family Name, E-Mail Address, Phone Number, and finally create your password. You will also be asked to provide you date of birth, as well as address. You will get a message that will ask you to confirm your address details.
Once you have done so, you will need to also check the Terms and Conditions box before you are allowed to proceed. It would also be a good idea to go through the broker’s terms and conditions before you check this box.
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Initial Deposit
After you have filled in your details, you will need to make your first deposit. The minimum deposit required is $100. This deposit can be made via MasterCard, Visa, Neteller, Skrill as well as V Pay.
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Verification
As soon as you make your first deposit, you will be asked for KYC (Know Your Customer) verification. You will be asked for your ID proof, bank statement and/or utility bills. Unlike many other CFD brokers, HFTrading has a speedy verification process, so you will not have to wait too long to begin trading.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
Other Details
Fees and Commissions
HFTrading states that it does not charge any fees and commissions, so you don’t have to worry about any surprise charges for the transactions that you carry out.
Education Center
HFTrading offers its clients a large library of trading guides, including videos, articles and other resources. Topics include tutorials on how to use their trading platforms, various trading strategies, money management, technical analysis, etc.
Customer Service
This broker offers its clients 24-hour customer support, so you can get in touch with them at any time for any issues you face.
Conclusion
After going through HFTrading’s website and its offerings in detail, we can safely say that this is a broker you can use. It is safe, regulated, offers a wide variety of trading instruments, is both desktop and mobile friendly, has a strong support system and allows you to trade in different markets from a single account.
The only downside that we were able to find about this broker is that it only serves clients from Australia and New Zealand.
HFTrading Review
Pros
- ASIC and FMA regulated.
- Commission-free.
- trading available.
- Can trade on MetaTrader 4.
- 350+ asset classes available.
Cons
- Overnight swap rates are much higher than the industry average.
- Trader research and analysis limited.
Looking for somewhere else to trade?
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