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HFTrading

HFTrading Review: Overview, Features, Supported Countries, and More

HFTrading is a New Zealand-based regulated CFDs trading platform that offers investors the opportunity to access the financial market. The broker primarily serves traders in New Zealand and Australia, providing the best tools and professional assistance required to win the markets.

In this review, we will share more insights into HFTrading and how the broker solves some problems that have to do with the financial market.

An Overview

HFTrading was launched and established in 2019 to help both new and experienced traders to get exposure to varying sizes of investment via CFDs. CTRL Investments Limited runs HFTrading.

It provides traders the opportunity to trade assets like currencies, commodities, indices, stocks, crypto, and over 350 CFD tools using three types of trading accounts. These accounts are the Silver Trading Account, Gold Trading Account, and the Platinum Trading Account. 

HFTrading is portrayed as a regulated trading platform. This claim is valid with regulators like the New Zealand Financial Markets Authority {FMA} and the Australian Securities and Investments Commission {ASIC} all licensing this broker.

HFTrading offers traders the opportunity to trade on web, mobile, and MetaTrader 4, one of the best trading platforms recognized globally by traders. The broker also provides articles, educational videos, courses, ebooks, and tutorials for its users.

Features of HFTrading

Regulations and Investors Protections

CTRL Investments Limited, the operators of HFTrading, is located in New Zealand, and therefore it is regulated by the New Zealand Financial Markets Authority {FMA}. CTRL Investments Limited is registered as a foreign company and licensed in Australia by the Australian Securities and Investments Commission {ASIC}. 

The New Zealand Financial Markets Authority {FMA} and the Australian Securities and Investments Commission are well known worldwide. This is an excellent boost to existing and intending clients that their funds and personal information are in safe hands.

Offered Products

HFTrading gives its clients the liberty to choose between CFD products tracking diverse markets, including Forex, cryptocurrencies, commodities, shares, indices, and metal.

When it comes to Forex, HFTtrading provides CFDs on popular currency pairs, like GBP/USD, EUR/JPY, NZD/USD, and many more. 

For indices, you can find ASX 100, DOW 30, DAX 30, S&P 500, FTSE 100, etc. 

For stock CFDs, you can get exposure to both established companies like Apple, Netflix, and Adobe, as well as startups. 

Despite being highly volatile, the crypto market offers a lot of profit opportunities to investors, and trading a CFD allows owning these assets without having to store them digitally. HFTrading provides crypto CFD trading pairs such as BTC/GBP, ETH/USD, LTC/EUR. 

Lastly, you can access diverse commodities instruments including Oil, Corn, Soybean, and when it comes to metals, HFTrading offers Gold, Silver, and Copper.

See Also: XTRgate Scam? Trading Cryptocurrency With XTRgate is Truly Safe

Account Types and How To Open

The account types at HFTrading are suitable for all levels of financial status and all levels of experience. The spreads and leverage offered are the main difference between all account types. 

There are three types of accounts; Silver, Gold, and Platinum. The Gold and Platinum accounts have higher leverage on all assets compared to the Silver.

The  Silver account is for traders with little or no trading experience. Traders with this account can trade over 750 assets with no commissions. The maximum leverage is 1:200, and traders can enjoy spreads as low as 0.7. 

The Gold account is for traders with more superior experience and skill than the silver account traders. They enjoy the same asset as the Silver, but Gold account owners enjoy the max leverage of 1:400 and hedging. They also enjoy spreads of 0.5 min. Additionally, traders with this account enjoy a swap discount of 25% and can trade with 0 commission.

The Platinum account is for professionals. These traders trade with 0 commission and enjoy the max leverage of 1:400. They enjoy spreads of 0.3 min and enjoy a swap discount of 50%. Traders with this account receive free VPS.

Additionally, HFTrading also offers Islamic accounts. These accounts are mainly for Muslims who wish to comply with Sharia law. The users of this account are also allowed to access the vast array of tools that are provided by the broker without compromising their faith.

Opening an account is one of the most natural things to do on HFTrading. Users can open an account by simply clicking on the Open Account button on the homepage. After clicking on the Open Account button, an application form pops up, and users are expected to follow the prompts to open an account.

After filling the necessary information, users are redirected to a deposit page and ID verification and address verification page.

Deposits and Withdrawal

Users can fund their accounts with their debit cards, credit cards, or through their phones. The exciting part of this is that funding is fee-free. The minimum deposit on HFTrading is $250, and that limit applies to both the Silver account and the Gold account.

Making a withdrawal is also easy. All a user has to do is fill a withdrawal form that can be found in the HFTrading client portal. In this form, users trading account details, withdrawal amount, personal circumstance, and preferred payment method.

Withdrawal payments options

HFTrading has many payment options that can be trusted by its user. To ensure the safest payment methods, well-tested payment methods have been chosen — two e-wallet platforms, which are flexible and easy to use. Credit card payments and bank payment are also payment options users can use on HFTrading.

Trading Platforms 

HFTrading users can use the MetaTrader 4 trading platform for web and desktop.

More on MetaTrader 4

MetaTrader 4 is an award-winning, sophisticated, and powerful platform. Millions of traders trust this platform and continue to use it to chase their investment goals. MetaTrader 4 is designed in a simple yet encompassing interface. It is home to a vast array of tools. 

See Also: DMX Markets Review: Trade Financial Markets With Confidence

Features of MetaTrader 4

The first and most important feature of any platform is the interface, and MetaTrader 4 has a user-friendly interface.

Traders can also customize MetaTrader 4 features to their taste. Three different charts are provided for traders on the MetaTrader 4 platform to make it easier for traders to read them without stress. 

Existing and intending users can use this MetaTrader 4 platform on their mobile phones, desktops, and web. Advanced, secure, and transparent trading is guaranteed on the MetaTrader 4.

Traders can between 9 trading time frames; they can test their strategies and use the vast array of indicators to conduct thorough analysis before trading.

If given the permission needed, MetaTrader 4 can send price alerts notifications through emails, SMS, and platform pop-ups. Traders are supported with automated trading through the use of expert advisors. An online community has been put in place so that traders can help each other by sharing ideas.

How MetaTrader 4 Effects HFTrading

For traders who trade with HFTrading on their desktop, they are at liberty to choose between a vast array of technical trading indicators and will get real-time price quotes on different asset classes. Traders can place multiple orders and enjoy One-click trading options.

Traders who trade using the web can access real-time price quotes and also view their trading history. They enjoy 30 inbuilt technical indicators and One-click trading options.

Mobile phone users can trade anytime they want using nothing but their mobile phones. They can choose between different asset classes, perform technical analysis on charts with the use of the vast array of technical indicators, and keep track of trading history.

Commissions and Spreads

The cost of trading on the HFTrading platform varies. It depends on the market being traded and the account type. It has been established that trading on HFTrading is commission-free with tight spreads. However, swaps are payable. 

For example, on HFTrading, the spread for EUR\USD in a Silver account is 2.2, Gold account;1.3 and Platinum account; 0.7. The range for GBP\USD for a Silver account is 2.8, Gold account; 2 and Platinum account; 1.3. 

AUD/USD as the spread of 2.8, when it comes to the Silver account and 1.8 for the Gold account. The Platinum account enjoys a range of 1.1 when it comes to AUD/USD. The USD/CHF pair has a spread of 2.6 on the silver account, 1.6 on the Gold account, and 0.9 on the Platinum account.

Lastly, Swap long and Swap short have different prices in accord with the account type. The costs primarily depend on the commodity that is traded.

Supported Countries

For now, HFTrading is limited to Australia and New Zealand. Their service is only accessible to people that live in these countries and cannot be accessed by those who are not residents of Australia and New Zealand. If any non-resident of these countries uses the HFTrading platform, it will be against the law.

It is noteworthy also that some features may not be available to clients in the specified countries due to legal restrictions.

HFTrading Website Review

Looking at the HFTrading platform website, we see that it is user friendly. It is simple, not too hard to understand. This is what traders of different experience levels seek and need to find information about the broker.

The homepage is designed in such an impressive way that visitors want to come back. Traders can put together the information they need with just some clicks. The simple and yet sophisticated interface shows the level of professionalism.

In addition to all these features, HFTrading boasts of an excellent support system. 

HFTrading Support Desk

Many problems are created as a result of a broker not having an excellent customer support system. Trading alone is a hard thing to get, and not having a support desk can be horrible for traders. HFTrading has a solution to these problems.

Trading with HFTrading gives traders access to the excellent support system they need. The support runs 24  hours, five days a week. Traders can access this feature anytime they feel like it or when they have some issues to report through the live chat option on the website, email, or telephone.

Interestingly, to file a complaint is very easy. All the users got to do is fill a complaint form and mail it to the broker’s physical office address. All filed claims are subjected to investigation. After all the investigations are done, the user will be notified on or before 45 days.

Users are also given the liberty to forward claims to the regulators if the broker did not attend to the complaints the way the client wants. If this is done, there is a high possibility that the complaint gets handled to the satisfaction of the user.

Another feature that gives hope to all traders, especially the beginners, is the availability of educational content.

An Educational Feature

To help new traders master the art of trading, educational features have been put in place. There are more than enough materials for beginners. 

Currently, there are educational materials that will help with emotional management, market chances and risk, technical analysis, pips, trading rules, currency pairs, and many more.

After all the learning, there is a playground, sort of, that skills that were learned can be put to the test. That is the demo account.

The Demo Account

A trading platform with an educational system is not complete without a demo account. The demo account is a simulator that simulates a trading environment and comes with virtual money to make the stimulating experience more real.

Demo accounts are created to help beginners harness their skills and get a better understanding of CFDs without placing their funds at risk. 

To ensure that the traders understand all that has been learned, a questionnaire will have to be filled before traders will be able to make deposits into their real accounts.

Conclusion

Doubtless, The internet is filled with different brokers that are blatant to the extent that it is hard to tell the legit ones. So too are brokers that advertise exaggerated spreads, bonuses, and leverages.

Zikel Designs

HFTrading, though young, has features that can compete with top brokers in the world. The friendly user interface beckons all to check it out, and being regulated appears to be the icing on the cake.

Doubtless, The internet is filled with different brokers that are blatant to the extent that it is hard to tell the legit ones. So too are brokers that advertise exaggerated spreads, bonuses, and leverages.

HFTrading promotions, on the other hand, are different, the offers are so real, and the standard limit is not exceeded.

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