HFTrading is the leading forex broker that started its operations in 2019 from New Zealand. The broker offers exceptional trading services and a wide range of trading instruments. The brokerage firm is regulated and safe for investors and traders.
HFTrading is the brand name of CTRL investment that operates from New Zealand. The firm is highly regulated and authorised by the Australian Securities and Investments Commission (ASIC) and New Zealand Financial Markets Authority (FMA).
Overall Score
We have collected all the parameters of brokers that are important for trading into different groups for your convenience. The closer the parameter is to the maximum value, the higher the percentage of the group. The overall score is based on all groups’ scores. Now you can see what the strengths of the broker are and where are their weaknesses. Not only to see but also to understand how much it suits your particular needs. If a broker has a GREEN VERIFIED, then the information about its parameters has been received from the broker and been examined by us! GREY NOT-VERIFIED means that information about the parameters of the broker is collected from open sources on the network, BUT it is not confirmed by our tests. RED NOT-VERIFIED means that there is no unambiguous information on this broker in open sources and the specified parameters may differ greatly from the actual ones.
Advantages
Disadvantages
HFTrading, the famous name in the arena of financial service providers, is a trading brand of CTRL Investments Limited. This award-winning broker provides excellent trading services to its clients at affordable rates. The broker aims at offering a wide range of trading opportunities ranging from US dollar to South American Corn to German DAX30.
Whenever one starts financial market trading, the very first requirement is an educational guide. The HFTrading Educational Hub lists a vast collection of tutorials, guides, articles, videos (on demand) and more such trading educational content for traders. The ultimate aim of these courses is to provide market players with all the information essential to embark their trading journey.
The prominent and flexible trading instruments and platform of HFTrading allow traders to analyse, view and practice trade at any time and any place through their mobile terminals, desktops and websites.
HFTrading Account Types
The broker offers four primary types of accounts which include Retail account, Professional account, Islamic trading account and Virtual or demo trading account. The charges for different accounts vary according to trading assets and types of accounts chosen.
Demo and virtual trading account
The demo trading account allows traders to practice trading before entering into the real trading world. Through this account, the trader can test its trading strategy and risk management. Thus, an individual can confidently trade in the financial market whenever he enters.
Silver trading account: For beginners
- More than 300 assets
- Maximum leverage is 1:200
- 1.8 minimum spread
- Dedicated support
Gold trading account: For experienced and advanced traders
- More than 300 assets
- Max Leverage 1:400
- 1.8 minimum spread
- Swap discount 25%
- Dedicated account manager
- Educational webinars
Platinum trading account: For pro-level traders
- 300+ assets
- Max Leverage 1:500
- 1.8 minimum spread
- Swap Discount 50%
- Personal manager
- Hefty swap discounts
- Heightened Leverage
HFTrading trading platform
HFTrading offers many advanced trading platforms to its clients which includes globally famous MetaTrader 4 and mobile apps for both Web and Desktop.
One can get links and downloads for these platforms from the customer portal area on their official website.
Features of MetaTrader 4 Desktop
MetaTrader 4 Desktop offers a wide variety of trading features to its users. It includes:
- One-click trading options
- Real-time data of price shifts on multiple asset classes
- Several advance technical trading indicators
- Multiple order types which include ending and market
Features of the Mobile trading platform
HFTrading allows its customers to trade on the advanced MetaTrader 4 mobile trading application for iOS and Android users.
- Trading from your phone
- Anywhere and anytime trading
- Access a wide range of asset classes
- Perform the technical analysis through charts and technical indicators
- Track trading history
Features of MetaTrader 4 WebTrader
One can pursue browser-based trading through MetaTrader 4 Web Trader platform. Its features include:
- Viewable trading history
- Real-time price quotes
- One-click trading options
- Thirty built-in technical indicators
HFTrading Markets and Products for trading
HFTrading rolls out trading on more than 350 complex financial derivative instruments covering shares, forex, commodity, cryptocurrency, metals and indices. Some of the asset and markets are listed below:
FOREX
- GBPUSD
- EURJPY
- NZDUSD
Crypto
- BTCGBP
- ETHUSD
- LTCEUR
Shares
- Apple
- Netflix
- Adobe
Indices
- ASX 100
- DOW 30
- DAX 30
Commodity
- Oil
- Corn
- Soybean
Metals
- Gold
- Silver
- Copper
Cost of trading, which includes spreads rates and overnight swaps or funding for these tradable asset class changes based on chosen account and trading asset.
HFTrading Account Opening
The process of opening an account with the broker is instant and simple. It sparsely requires three simple steps to start trading. The steps are:
1) Visit the official site and get yourself registered by entering the name, surname, profession, email id and phone number for OTP verification.
2) Upload the required documents to authenticate that information provided in step 1. The documents include Passport, national id card, financial and bank statements of the past three months.
3) Choose the asset you wish to trade and deposit the amount.
Once you complete the mentioned formalities, you can start trading on HFTrading advance platforms.
HFTrading Commissions and Fee
The broker provides commission-free trading on all types of tradable assets class to its customers. They earn through swaps and spread. The overnight swaps charges of the broker are higher in comparison to the industrial average, but it offers a certain discount on it. Swap discount on the gold account is 25 percent, whereas the swap discount offered on the luxurious platinum account is 50 per cent.
HFTrading Deposit and Withdrawal
HFTrading allows its clients to withdraw and deposit funds fee-free by using several payment methods. These methods include:
- credit or debit cards
- bank wire transfer
- Neteller
- Mastercard
- Skrill
- VPay
- Maestro
- SSL
- Verified by VISA
- VISA
- Some other e-wallet and cryptocurrency methods
To proceed with the withdrawal and deposit request trader requires to log in the customer portal of HFTrading. Deposits with the broker are instant whereas the withdrawal request takes about three to five business days to proceed.
The request is entered through the withdrawal form (enter trading account details, personal details, withdrawal amount and preferred payment method) available on the broker’s website. For money to reach your bank account, it takes another five to seven days.
Is HFTrading a scam?
HFTrading is not a scam broker. Authentic regulatory authorities regulate the broker, which includes the New Zealand Financial Markets Authority (licence number FSPR No. FSP197465) and the Australian Securities and Investments (licence number AFSL No. 414198). So, the broker is completely a safe venture to invest with.
Additionally, the broker also protects the customer’s personal details, trading account and transaction through various safeguard tools. It uses strict firewall protection and SSL encryption to secure funds.
Pros and Cons
Advantages of trading with Brokereo
Commission-free trading available
- 350+ tradable assets
- SSL protection to secure transactions and trading accounts
- Leverage 1:400 on a professional account
- Large educational resources
- Web trading and mobile trading platform
- Regulation by legitimate authorities the New Zealand Financial Markets Authority and the Australian Securities and Investments
HFTrading Research
Research tools available with the broker are:
1) Economic calendar
2) Report session calendar
3) Trading signal
4) Trading example
5) Daily trading news
HFTrading Customer Service
The trader can contact the customer support team of the broker through various methods such as phone, email, social media, live chat option, and even it can visit the head office if the problem persists.
Contact Information:
- Head Office: DJCA Ltd, Level 3, 50 Victoria Street, Christchurch Central, Christchurch, 8013, NZ
- Live chat option available on the website
- Phone: +44 2035196864 or +64 48895407 (Monday to Friday between 2 am and 1 pm GMT)
- Email: [email protected]
- Social Media:
Education: Platform Demo, Video, and Tutorial
HFTrading offers access to a wide range of trader education sections, including numerous materials courses, tutorials, ebooks and videos on demand. These courses contain a variety of topics for advance and beginner traders.
Bottom Line
By reading the HFTrading review, it must be clear that the firm is authentic and safe to invest with. It takes care of the privacy of the trader’s personal details, transaction and trading account. Moreover, traders can choose among its numerous trading accounts depending on their trading strategies (day or swing trading strategy) and budget. Visit the site of the broker to start trading.