HFTrading Review 2021
Foundation Year : 2019
HFTrading is a financial services provider in the Forex and CFD segment that has attractive trading conditions for residents of Australia and New Zealand. The company is considered one of the most competitive in the industry in terms of spreads, commissions size, absence of hidden commissions, and a wide range of assets to satisfy even the most demanding clients. Besides, HFTrading has solid legal support, value-added services, and educational content that enable traders to achieve significant trading results, unleash their potential, and be confident in the security of their funds and information.
|🌐 Regulators||ASIC, FMA|
|💰 Trading fees class||Low|
|💰 Inactivity fee charged||Yes|
|💰 Withdrawal fee amount||$0|
|💰 Minimum deposit||$250|
|☪️ Islamic Account||Yes|
|🕖 Time to open an account||1 day|
|💳 Deposit with bank card||Available|
|👛 Depositing with electronic wallet||Available|
|📈 Total Pairs||50+|
|🎮 Demo account provided||Yes|
|🛍️ Products offered||Forex, CFDs, Indices, Shares, Commodities, Cryptocurrencies|
Pros and Cons
HFTrading broker is a popular financial service provider for online investors and traders. The broker thinks beyond the conventional trading boundaries and aids novice and professional traders to enhance their trade skills. With so much to offer, the broker has the best trading services and has traders globally.
As the broker is renowned and reputed, it enjoys high trade; the paragraph discusses the pros and cons of the HFTrading for a clear understanding of the investors. We hope this would enhance the chances of a win in the market, and traders would be able to maximise their profits with the beneficial services of HFTrading and avoid the cons simultaneously.
The broker fuels up the knowledge tank of traders with their educational materials. A trade is successful only when the trader knows the instrument and market well enough, so; it can increase the profit chances of traders with their educational materials. The facility will increase traders base knowledge along with the market tactics.
Moreover, the broker has fast delivery, execution of orders, customisation of tools, new investment opportunities with excellent trading terminals and history of trade for a detailed analysis of the market and trade of the investor.
However, the broker has some drawbacks as it does not allow clients other than those from Australia and New Zealand. Thus, traders around the world do not have access to the amazing facilities of the broker. Also, the broker has a minimum deposit of $250 which is higher than other online brokers, restricting small investors from trading with HFTrading brokers. These two cons of the broker are significant as they stop a lot of traders from trading.
Get to know features of HFTrading and its services
HFTrading offers great coverage of major products and markets, an advanced platform with a superior user experience, maximum leverage of 1:500, and a wide range of educational and training resources. To provide quality financial services, the company is subject to strict regulatory requirements that require it to maintain adequate capital, adhere to adequate risk management, conduct regular audits, and respond promptly to customer complaints and questions.
The company also has many awards. In 2020, HFTrading was named the most transparent broker at the World Finance Forex Awards.
HFTrading review: Trading under strict regulation
The security of deposits and customer data is the prerogative of the company. This is indicated by many facts related to the activities and regulation of the company.
HFTrading is operated by CTRL Investments Limited, headquartered in New Zealand and administered by the New Zealand Financial Markets Authority (NZFMA). In Australia, CFD broker operations are controlled by the Australian Securities and Investments Commission (ASIC).
Under the AFSL (Australian Financial Services License), HFTrading can provide dealing and executing services for foreign exchange, CFDs, and OTC derivatives to Australian based clients. The ASIC regulatory framework requires all members to maintain adequate financial resources, comply with financial requirements, have acceptable risk management systems, and comply with the terms of the AFSL license.
Client funds and data security: is HFTrading safe?
HFTrading maintains the segregation of customer funds and keeps all customer funds in bank accounts that are separate from the operating funds of the financial service provider. This not only protects you from online hackers, but also prevents the broker from using your money to cover operating costs.
The financial service provider does implement negative balance protection, which is in line with the regulations imposed by the ASIC from October 2020.
HFTrading has all the necessary security features to protect stored and transmitted data. The platform uses SSL technology and encryption protocols to ensure the security of user information and funds. These technologies and protocols help protect customers from hacking and phishing scams.
It is also worth noting that HFTrading advises its traders to exercise caution when it comes to dealing with CFDs. This is because these assets can be particularly risky in some cases due to the use of leverage. HFTrading contains a risk warning in the footer of its website and advises clients to exercise caution before investing. HFTrading also makes it clear that the content on its website is for people who live in New Zealand or Australia.
Trading platform on HFTrading
HFTrading offers its clients an MT4 trading terminal that is available for computers and mobile devices. Platform use cases include downloadable desktop, web, and mobile apps that support Windows, macOS, and all web browsers, and Android and Apple portable devices.
Today MT4 is the most widely used trading platform by Forex and CFD traders. With platform parameters that include a user-friendly interface with easy-to-understand functions and a detailed user manual, the platform has been a market leader for over a decade.
To use the platform, HFTrading clients need to create an account with a broker, which also allows access to the demo MT4 web terminal.
Learn more about platform use cases
HFTrader MT4 web application supports all browsers. The web workspace of the platform consists of a watchlist, charts, and a set of position tracking tools. The platform also can view the history of transactions for the client. Also, the platform supports all types of orders and trade execution modes, including one-click orders.
MetaTrader 4 desktop terminal is an advanced platform with a user-friendly interface. In addition to all the functions of the web terminal, the platform has a window with market depth, the ability to open multiple charts, the ability to place trade alerts, and supports fully automated trading. Platform users can also track multiple charts, place trades from multiple panels, and download trading indicators.
The HFTrader MT4 mobile application is available on all smartphones, tablets that run on iOS and Android operating systems. The terminal comes with a variety of analytical tools and trading features, making it one of the best portable trading applications on the market.
The default HFTrading application includes watchlist, charts, trade information, history, and news. App users can monitor streaming data in real-time from the watchlist panel, analyze markets using three types of charts and multiple technical indicators, place market, pending, sliding, and one-click orders. The application also provides alerts, push notifications and customers can easily stay on top of all the news and factors affecting the markets.
HFTrading Review: Asset Coverage
HFTrading has over 300 CFD instruments that meet the standards of the modern CFD industry. All major and popular classes of underlying assets are available to customers, including stocks and indices, currencies and cryptocurrencies, and also commodities. These offerings can help any trader stay diversified in their trading and maintain flexibility in the markets based on changing conditions.
Overall, traders can enjoy trading CFDs on all of the following asset classes:
- Forex currency pairs
- Energy products
Using HFTrading’s CFD services, clients can go long or short in any market, and use leverage up to 1: 500 depending on the account type and underlying asset they have chosen.
Trading account types
With three different accounts to choose from, each trader will be able to find something that suits his level of trading experience and his needs. Accounts are configured as Silver, Gold, and Platinum tiers. Silver account is designed mostly for beginners, a Gold account is aimed to satisfy advanced traders’ requirements, and a Platinum account is the choice of professional traders with exceptional trading knowledge and experience.
The main differences between the various accounts are the leverage offered and the spreads. However, the differences are not that great: leverage starts at 1:200 for a Silver account and increases to 1:400 for a Gold account and 1:500 for a Platinum account, while spreads are only 3.2 for a Silver account, 2.6 for the Gold account, and 2.1 for the Platinum account.
The minimum deposit for all account types is $250. Besides, Gold accounts receive a 25% discount on overnight swaps and Platinum accounts receive a 50% discount on overnight swaps. This is a great advantage for traders who usually hold their positions overnight.
Other account features
HFTrading accounts have other additional features as well. For example, one of the most outstanding is the availability of opening an Islamic trading account, which is a swap-free account for Muslim traders. Such an account can be requested from the account manager. For providing potential clients with the right to overview the company’s services, HFTrading has implemented the demo account option. The demo account is a training account that can be used to test the trading conditions of HFTrading or to test the trader’s trading strategies to make sure of the effectiveness of the company’s services and conditions before using real money.
Deposits and withdrawals on HFTrading
HFTrading makes deposits and withdrawals convenient and simple by providing a range of methods to fund your account or receive your funds. In each case, HFTrading does not charge any deposit or withdrawal fees, and customers can choose between bank transfer, credit and debit cards, and several online wallets such as Skrill and Neteller.
Withdrawals are processed by HFTrading within 3 business days of acceptance, although funds transfer can take up to 7 business days depending on the method and provider used. Credit cards usually allow instant top-ups, but e-wallets are the fastest to withdraw and funds. In this case, withdrawals must be made to the same account from which the deposit was initiated.
HFTrading also does not accept payments from third parties. All deposits must be made from accounts that have the same name as the owner of the trading account.
Leverage is the ratio that brokers offer their clients as borrowed capital for holding a high market position. Traders can use the leverage ratio as a source of financial loans from brokers. That could be used for increasing the profits of the trader in the financial market. It maximises the profit with the investment and market opening position.
HFTrading has types of accounts that traders can use as per their needs and trading instruments. The three account types of HFTrading brokers offer their clients a maximum leverage ratio of 1:200. Traders can access the ratio as per their needs and should use it accurately for profits.
However, leverage also increases the risk of trade with the high position in the market, as with the high position comes the high debt that could be incurred if the investment faces loss. A trader, therefore, has to be careful with the investments and use of leverage. Leverage should be avoided by being converted into debt for the investor. The leverage has more debt than equity, so the use of leverage should be well analysed.
The leverage that brokers provide can be broken down; traders use debt for investment appraisal that requires traders to calculate the future returns in advance. Although, the debt used can turn out to be the opposite with increased downside risk. The risk is more in such options of the trade.
Most traders prefer using the leverage ratio as they have an excellent market opening position that excites them and tempts them to invest. In the hope of increased returns, investors use leverage ratio, thus increasing their debt and loss per cent. However, the use of leverage should be well defined. A trader using leverage needs to be confident with the decision and the investment.
If the market is well analysed with an accurate prediction of profit on the traded instrument, traders should go for high leverage. If they are not sure and are blindly investing, then this could be a significant loss. Therefore, the use of leverage has to be a calculated decision for the traders.
Customer service specifics
HFTrading’s customer support is key to providing a comfortable trading experience for customers. For example, a financial service provider’s support team includes telephone, email, feedback form, and live chat support, which is available Monday through Friday. Besides, customers can directly contact company management via email if they are not satisfied with the quality of the support service or if they wish to file a complaint. The support offered to clients is characterized by the professionalism of the support service members and the quality and speed of their assistance. The initial support response time is less than a minute.
HFTrading Review: Educational and learning materials
HFTrading includes a comprehensive education center on its website that includes a wide selection of articles, tutorials, trading guides, and videos designed to ensure that every trade, regardless of experience level, can have an optimal trading experience and develop their trading skills.
Conveniently, the materials are offered directly on the website, which makes them available to everyone, at any time and from any device connected to the Internet.
Also, using the broker’s materials, clients can learn more about the MetaTrader 4 platform and how to use it, get acquainted with various markets, hone their technical analysis skills, study the psychology of trading and money management, and much more. Overall, this comprehensive educational portal is a broker’s strength in starting and building a trading career.
The resources provided by HFTrading to educate traders on various aspects of the markets are carefully thought out and cover everything from a glossary of financial terms to e-books and tutorials. All training materials provided by the brokerage company that is available on the website include:
VODs are short videos for beginners and advanced traders which tell about various market parameters such as risk, trading style, market analysis, chart patterns, and many other topics.
Ebooks are online reading materials combined with charts, images on strategies for beginners, trading psychology, money management, technical analysis, and more.
Coursed are short films with an overview of the financial markets, CFDs, traded assets, trading strategies, social trading, and more. Courses are aimed at helping beginners get an adequate understanding of the specifics of the markets.
Whether traders are new to MetaTrader platforms or need help with the platform’s features or tools, the tutorials should help them learn all the features of the MetaTrader desktop and a mobile application.
For New Zealand and Australian residents looking for an online CFD provider offering competitive trading conditions, HFTrading is the best option as the company is licensed and regulated by both ASIC and FMA.
To sum up, HFTrading provides access to the global markets and assets preferred by most traders through CFDs and offers high levels of leverage. It also gives traders the ability to enter long or short positions with equal ease. Also, different types of accounts are suitable to meet the varied needs of any trader, from beginner to professional.
HFTrading is a great choice for Australian and New Zealand CFD traders for their optimal trading conditions and a wide range of CFDs. HFTrading is a zero-commission financial services provider offering competitive spreads, high leverage size and 12-hour support across multiple channels.
Based on this HFTrading review no evidence has been identified that the company has committed any fraudulent activities or has used any manipulations in the past. Besides, despite a short experience in the market, HFTrading already has a solid reputation and its activity is completely transparent, which indicates its trustworthiness and reliability.
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