HFTrading Review and Tutorial 2021
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|HFTrading Facts & Figures|
HFTrading is an MT4 broker offering a secure trading environment with competitive fees.
|Instruments||Forex, CFDs, indices, shares, commodities, cryptocurrencies|
|Pay Methods||Credit Card, Mastercard, Neteller, Skrill, Visa, Wire Transfer|
|Min. Trade||0.01 lots|
|Regulated By||ASIC, FMA|
|Contracts for difference are offered on popular financial markets with varying spreads depending on account levels.|
|FTSE Spread||From 1.0|
|GBPUSD Spread||From 1.3|
|Oil Spread||From 0.03|
A long list of online currencies are offered to HFTrading clients, from majors to exotics.
|GBPUSD Spread||From 1.3|
|EURUSD Spread||From 0.7|
|EURGBP Spread||From 0.9|
Trade a handful of popular crypto coins with high leverage and tight spreads.
|Coins||BTC, ETH, XMR, XLM, ADA, IOTA, DASH, NEO|
HFTrading is an online broker that offers a wide range of assets including forex, cryptocurrency and other CFDs. Traders from Australia and New Zealand benefit from an excellent portfolio of tools and resources alongside a choice of live trading accounts. Here we look at user reviews and analyse their mobile app offering, fees, the site login process and more.
HFTrading is the brand name of CTRL Investments Ltd, a company based in New Zealand and registered in Australia. CTRL is regulated by the Financial Markets Authority New Zealand (FMA) and by the Australian Securities and Investments Commission (ASIC). HFTrading offers its services to residents of these countries, but not to other jurisdictions such as the US.
With hundreds of assets, low fees and a host of additional features, the online brokerage has a lot to offer new traders.
Traders can register and reach the login page from the HFTrading website. Thereafter users will receive credentials to access the platform.
HFTrading clients enjoy full MetaTrader 4 (MT4) platform integration. MT4 is an award-winning solution used by millions of investors with a slick interface and complete customisability, in addition to market-leading analytical tools. The platform is free to download and includes the following functionality:
- View price movements and analyse market changes
- Set up stop-loss or take-profit orders
- Dozens of integrated indicators
- Built-in economic calendar
- Intuitive drawing tools
- Automated trading
WebTrader is the browser-based MT4 terminal also available to HFTrading clients. This version does not require a download and is compatible with any browser. It offers all the features of the desktop software such as one-click trading and a full suite of execution operations. For clients seeking straightforward market access, the web-based platform will tick the box.
The execution mode and speed of trading at this broker depends on account type: Silver and Gold accounts use NDD whereas Platinum clients can choose between MT4NDD, MT4NCC, MT4 Fixed, and MT4 Cent. Execution speed is 0.08 on average for Silver account holders and 0.05 for Gold and Platinum.
Investors have access to over 350 financial instruments across the following asset classes:
- Forex – 50 currency pairs, including majors such as the EUR/USD
- Indices – 20 indices such as FTSE 100 and NASDAQ
- Cryptos – 8 CFDs including Bitcoin and Ethereum
- Metals – 5 precious metals, including gold and silver
- Commodities – 12 including softs, gas and crude oil
- Shares – Wide selection of major companies
At HFTrading, spreads depend on account type and start at 1.8, 0.05, and 0.03 for Silver, Gold, and Platinum members respectively. Spreads are generally competitive, for example, the spread on EUR/USD is 2.2 pips with the Silver account, 1.3 pips with Gold and 0.7 pips with Platinum.
The broker charges overnight swap fees, which depend on the asset and whether the position is long or short. Clients with a Gold account benefit from a 25% discount on swaps, and Platinum members can enjoy a 50% cut. Islamic accounts are offered to Gold and Platinum traders.
The firm also charges monthly inactivity fees if trading operations are not executed for more than 60 days. This charge starts at A$160 and increases to A$500 for more than 331 days of inactivity.
HFTrading members can utilise leveraged trading – the size of which depends on account type:
- Forex – 1:30
- Metals, indices and commodities – 1:50
- Stocks – 1:20
- Forex – 1:400
- Metals, indices and commodities – 1:100
- Stocks – 1:40
- Forex – 1:400
- Metals indices and commodities – 1:125
- Stocks – 1:50
HFTrading customers can use the MetaTrader 4 mobile app for convenient order execution from anywhere. The app is fully-featured and available on Google Play and the App Store. Clients have access to a complete set of orders alongside interactive charts, technical analysis tools, and full trading history. Customer reviews of the MT4 mobile app on app stores are excellent.
The minimum deposit at HFTrading is A$250. Payments are fee-free and can be made using debit and credit card, wire transfer, Skrill, and Neteller. Each transaction must be followed by a signed Declaration of Deposit form. Payments are typically processed the same day and the range of options is decent compared to other providers.
The broker does not charge withdrawal fees and all requests, once accepted, are processed within three business days. Verification documents such as a bank statement may be required for the request to be completed.
HFTrading have demo accounts that they recommend for beginners. The demo environment allows clients to trial the platform with a virtual balance to gain a better understanding of how CFDs work. Users can test out automated trading strategies on the GBP/USD, for example. The demo account accurately represents real market conditions and makes the transition to live trading easier for many beginners.
The regulating bodies responsible for HFTrading’s license do not permit brokers to offer bonuses or incentives. This is increasingly common in the industry. Users may have to open accounts with unregulated providers if they want to pick up a no deposit bonus, for example.
HFTrading is regulated by the Financial Markets Authority New Zealand (FMA) and the Australian Securities and Investments Commission (ASIC). Negative balance protection is available to all investors, and this firm uses segregated client money accounts to safeguard trader funds. The strong regulatory oversight suggests the brokerage is legitimate and trustworthy.
HFTrading has an extensive range of educational material including investing articles, instructional videos, ebooks, courses, and MT4 tutorials. The website also publishes daily market reviews for the US, European and Asian markets alongside economic and earnings reports calendars. All training resources can be accessed for free once a live account has been opened.
Clients have three account types to choose from:
- Geared towards beginner traders
- Full market access
- USD currency
- USD currency
- For intermediate clients
- Dedicated account manager
- For investors moving towards professional status
- Choice between USD, EUR and GBP
- Dedicated account manager
- News alerts
Investing with HFTrading has a number of advantages:
- Extensive range of assets including cryptos like Bitcoin
- Three account types to suit experience level
- Multi-body regulatory oversight
- MT4 integration
- High monthly inactivity fees
- Only available in Australia and New Zealand
Clients can use the broker website and educational materials at all times. However, trading hours depend on the asset – crypto markets are accessible 24/7 while other instruments depend on region and timezone. The broker lists trading hours next to individual assets on its website.
HFTrading clients can contact live support 10 am – 10 pm by phone or using the online chat function. Upon testing, we found the support team to be helpful and quick to respond to queries. They can advise on account options and answer queries on spreads and fees.
- Phone number – +61 391139456
- Email – firstname.lastname@example.org
HFTrading takes steps to protect client data from misuse and unauthorised access. The broker also uses SSL technology for encryption to ensure the security of transactions and personal information. The MT4 platform offers dual factor authentication.
HFTrading is an online forex and CFD broker with good customer reviews aimed at residents of New Zealand and Australia. Investors can trade on a wide range of instruments including Bitcoin using the MT4 platform and mobile app. Several account types ensure there are specifications to suit all traders and regulation by multiple financial bodies will put clients at ease.
HFTrading only accepts traders from Australia, New Zealand.
Alternatives to HFTrading
If you are looking for alternatives to HFTrading we have compiled a list of the top 5 brokers that are similar to HFTrading below. This list of brokers like HFTrading is in order of similarity and only includes companies that accept traders from your location.
- EagleFX – EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
- LQDFX – LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
- Forex.com – Forex.com boast a global reputation. Regulated in the UK, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.
- Webull – Webull offers a leading online stock trading app with low fees and generous bonuses.
- Just2Trade – Just2Trade offer hitech trading on stocks and options with some of the lowest prices in the industry
Is HFTrading legit?
HFTrading is a genuine broker with positive reviews. It is licensed by the Financial Markets Authority New Zealand (FMA) and the Australian Securities and Investments Commission (ASIC).
Who can use HFTrading?
This broker is available to residents of Australia and New Zealand. Traders based in other regions, such as the US, cannot use its services.
What assets can I trade at HFTrading?
HFTrading offers over 350 instruments across six asset classes. This includes forex, cryptocurrency, soft commodities, metals, and more.
Does HFTrading charge commission?
This broker does not charge additional trading fees. It also does not charge for deposits or withdrawals. Instead, it makes money through spreads and also charges account inactivity fees.
What platform does HFTrading use?
HFTrading offers full MT4 integration. This popular trading platform is user friendly and offers a wealth of trading and analytical tools to enhance strategies. The platform is also available as a web browser and on a mobile app.
|HFTrading is an MT4 broker offering a secure trading environment with competitive fees.|
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