HFTrading Broker Review 2020

HFTrading Review 2020: Everything about the Broker – HFTrading is a New Zealand based trading organisation which started its operations in 2019. The broker facilitates trading on more than 500 financial instruments which include foreign currencies and derivatives. The complex derivatives are available for stocks, indices, cryptos, and commodities.

Further, the broker also provides a number of payment methods for its users. Some other features are tight prices, no commission, and dedicated educational portal. However, to start your trade, you need to deposit at least $250.

The post would discuss some features of the HFTrading broker. It would start with regulations & types of accounts, and move to trade assets and platforms.

HFTrading Regulations

The broker’s name HFTrading is only a brand name of the firm CTRL Investments Ltd. The company has offices in Australia as well as New Zealand. HFTrading, operated by CTRL Ltd, regulates under the financial body of New Zealand, FMA (Financial Market Authority). It is also licensed with Australian Securities and Financial Commission (ASIC). 

The bodies are top tier financial authorities and have strict guidelines towards their brokers. And, the broker keeps all the clients’ funds in segregate top banks. 

Overall, the broker is authorised and safe to trade. No client needs to worry about the security of their money in the account. 

Account Types?

HFTrading provides users with a range of accounts to enhance the overall profile of the client. Whether the trader is a beginner or professional, he would find an account of his type. There are three kinds of accounts offered by the website, namely:

• Silver
• Gold
• Platinum

Differences in the Trading Accounts

Every account has its features and is meant for a different kind of trader. However, majorly there are three differences in them. 

• Spread
• Leverage
• Other services

Now, understand all these terms below in detail.

Spreads

Spread charges are differences between the ask and the bid price by the broker. The HFTrading earns solely from these spreads and do not charge any unfavourable fees from their customers. 

The spreads can be a crucial factor for many investors, while it might not matter much for someone else. For instance, a swing trader (Long term investor) might not take into account the spreads if the other features are useful. However, for a day trader, the spread is the only influential factor. It is because the intraday trading requires a client to make frequent entry and exits in the market. Thus, a broker must be analysed based on personal requirements.

In general, the silver account holder shall get wider and loose spreads while the gold and platinum users will get competitive prices. 

Here, platinum clients enjoy the advantage of the lowest charges. 

Leverage (Professional clients only)

Leverage has always been the most popular but controversial tool in the trading industry. It is like that double-edged sword where the chances of both wins and losses are equal. 

However, if used correctly, the tool can be a great asset to earn money. It also depends upon the user’s desire to take the risk. 

HFTrading broker provides high leverage, but it also depends upon the type of account, one is using. The description is as follows: 

• Silver: Up to 1:200
• Gold: As high as 1:400
• Platinum: Upto 1:400

Services

The broker also offers several other services to its various account type users. Firstly, the broker provides swap discount to its users. The gold account users get a 25% discount, and the platinum clients get 50% swap off. However, there is no discount for silver customers. Remember, swap discount has a direct impact on the longer investment costs. 

Second, the platinum account users also get extra beneficiary services such as news alerts, professional account managers, webinars, seminars, videos, and free VPS. None of these services is accessible to silver account users. Here is the full detail. 

Trading Assets & Instruments 

There is a wide variety of financial instruments offered by the HFTrading broker to its clients. Specifically, the organisation facilitates access to five trading markets, namely, 

• Commodities 
• Foreign Currency Pairs
• Shares
• Indices

Commodities

Trading hours: It varies and depends upon the product and the exchange. 

Spread: Starts from 0.03 pips but majorly varies as per the commodity.

Leverage Trading: It can go as high as 1:125. 

Some of the Instruments available are gold, silver, oil, coffee, copper, and gases.

Currency pairs

Trading hours: 24 hours a day, from Monday to Friday.

Leverage: Up to 1:500

Spread: Depends on the currency pair and account type.

Shares

Trading hours: It depends on the stock exchange where the share is trading. 

Spread: Starts from 0.21

Available Leverage: 1:50

In total, there are around 700+ financial assets on the HFTrading website for users. 

Platform Offerings

The broker offers its clients the popular trading platform, Meta Trader4. A user can access it on website, mobile, or desktop. The platform is well recognised and offered by most top brokers of the world. 

The MT4 trading platform helps traders execute their trades smoothly and provide an excellent user interface. It is secure to trade and has features like one-click trading, nine frame chart patterns, and real-time prices. 

Further, the platform also has benefits like price alerts, strategy tester, and Meta editor. 

Final Words

HFTrading Review: HFTrading is a new broker in the market but seems to give a tough call to other counterparts. The trading company is providing some good services like easy deposit and withdrawals, excellent customer service, and low trading charges.

However, they still need to overcome some obstacles like high overnight rollover charges, research & analysis tools, and bonuses for customers. 

The trading website is suitable for both beginners and professionals as it fulfils the need of each section with different account types. 

Now it is the traders’ choice to decide if the website is worth their time or not.