HFTrading Review 2023
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United States not accepted.HFTrading is an MT4 broker offering a secure trading environment with competitive fees.
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A long list of online currencies are offered to HFTrading clients, from majors to exotics.
Trade on a wide variety of stocks and shares with 1:400 leverage.
Contracts for difference are offered on popular financial markets with varying spreads depending on account levels.
Trade a handful of popular crypto coins with high leverage and tight spreads.
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 Details
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.
Trading Platforms
Traders can register and reach the login page from the HFTrading website. Thereafter users will receive credentials to access the platform.
MetaTrader 4
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
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.
Markets
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
Fees
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.
Leverage
HFTrading members can utilise leveraged trading – the size of which depends on account type:
Silver
- Forex – 1:30
- Metals, indices and commodities – 1:50
- Stocks – 1:20
Gold
- Forex – 1:400
- Metals, indices and commodities – 1:100
- Stocks – 1:40
Platinum
- Forex – 1:400
- Metals indices and commodities – 1:125
- Stocks – 1:50
Mobile Apps
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.
Payments
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.
Demo Account
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.
HFTrading Bonuses
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.
Regulation
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.
Additional Features
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.
Trading Accounts
Clients have three account types to choose from:
Silver Account
- Geared towards beginner traders
- Full market access
- USD currency
Gold Account
- USD currency
- For intermediate clients
- Dedicated account manager
Platinum Account
- For investors moving towards professional status
- Choice between USD, EUR and GBP
- Dedicated account manager
- News alerts
Benefits
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
Drawbacks
- High monthly inactivity fees
- Only available in Australia and New Zealand
Trading Hours
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.
Customer Support
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 – support@hftrading.com
Trader Security
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 Verdict
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.
Accepted Countries
HFTrading only accepts traders from New Zealand.
Payment Methods
HFTrading Details
| Minimum Trade | 0.01 Lots |
|---|---|
| Regulated By | ASIC, FMA |
| Islamic Account | Yes |
| Mobile Apps | MT4 |
| Margin Trading | No |
| Volatility Index | No |
| Spot Trading | No |
| Perpetual Swaps | No |
| ELWs | No |
| REITs | No |
| AI / Machine Learning | No |
| Robo Advisor | No |
| P2P Trading | No |
| Negative Balance Protection | No |
| VPS Hosting | No |
| Tournaments | No |
| Demo Competitions | No |
| Managed Accounts | No |
| Market Maker | No |
| Auto Trading | Yes |
| Social Trading | No |
| Trade Signals | Yes |
| Guaranteed Stop Loss | No |
| Commodities |
|
CFD Trading Details
| FTSE Spread | From 1.0 |
|---|---|
| GBPUSD Spread | From 1.3 |
| Oil Spread | From 0.03 |
| Stocks Spread | Variable |
| Leverage | 1:400 |
Forex Trading Details
| GBPUSD Spread | From 1.3 |
|---|---|
| EURUSD Spread | From 0.7 |
| EURGBP Spread | From 0.9 |
| Assets | 50 |
Cryptocurrency Trading Details
| Crypto Spread | From 0.1 |
|---|---|
| Crypto Lending | No |
| Crypto Staking | No |
| Crypto Mining | No |
| Crypto Auto Market Maker | No |
| Crypto Coins |
|
Top 3 Alternatives to HFTrading
Compare HFTrading with the top 3 similar brokers that accept traders from your location.
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IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
Go to IG Group -
World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
Go to World Forex -
Kwakol Markets – Kwakol Markets is a Nigerian headquartered broker with strong regulatory oversight in Australia and Canada. A great selection of day trading assets are available, including synthetic products that simulate realistic market activity. Clients can trade on the MT4, MT5 and cTrader platforms, as well as a copy trading solution whereby a fee is only paid on profitable trades.
Go to Kwakol Markets
HFTrading Comparison Table
| HFTrading | IG Group | World Forex | Kwakol Markets | |
|---|---|---|---|---|
| Rating | 1 | 4.4 | 4 | 4.5 |
| Markets | Forex, CFDs, indices, shares, commodities, cryptocurrencies | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting | Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts | CFDs, Forex, Stocks, Indices, Commodities, Crypto |
| Demo Account | Yes | Yes | Yes | Yes |
| Minimum Deposit | $250 | $0 | $1 | $1 |
| Minimum Trade | 0.01 Lots | 0.01 Lots | 0.01 Lots | 0.01 Lots |
| Regulators | ASIC, FMA | FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA | SVGFSA | ASIC, FINTRAC |
| Bonus | – | – | 100% Deposit Bonus | – |
| Education | No | Yes | No | No |
| Platforms | MT4 | MT4, AutoChartist, TradingCentral | MT4, MT5 | MT4, MT5, cTrader, AutoChartist |
| Leverage | 1:400 | 1:30 (Retail), 1:250 (Pro) | 1:1000 | 1:1000 |
| Payment Methods | 6 | 6 | 10 | 4 |
| Visit | – | Visit | Visit | Visit |
| Review | – | IG Group Review |
World Forex Review |
Kwakol Markets Review |
Compare Trading Instruments
Compare the markets and instruments offered by HFTrading and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
| HFTrading | IG Group | World Forex | Kwakol Markets | |
|---|---|---|---|---|
| CFD | Yes | Yes | Yes | Yes |
| Forex | Yes | Yes | Yes | Yes |
| Stocks | Yes | Yes | Yes | Yes |
| Commodities | Yes | Yes | Yes | Yes |
| Oil | No | Yes | Yes | Yes |
| Gold | Yes | Yes | Yes | Yes |
| Copper | No | Yes | No | Yes |
| Silver | Yes | Yes | Yes | Yes |
| Corn | No | No | No | No |
| Crypto | Yes | Yes | Yes | Yes |
| Futures | No | Yes | No | No |
| Options | No | Yes | No | No |
| ETFs | No | Yes | No | No |
| Bonds | No | Yes | No | No |
| Warrants | No | Yes | No | No |
| Spreadbetting | No | Yes | No | No |
| Volatility Index | No | Yes | No | No |
HFTrading vs Other Brokers
Compare HFTrading with any other broker by selecting the other broker below.
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| HFTrading is an MT4 broker offering a secure trading environment with competitive fees. | ||
FAQ
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.
Customer Reviews
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