HFTrading is a regulated financial services provider located in New Zealand and providing services to users in that country as well as Australia. They offer their clients an impressive list of asset in the form of CFDs that can be traded using the popular MetaTrader 4 trading platform.
Trading conditions offered by HFTrading are quite competitive, and there are several types of accounts available to provide flexibility and cater to client needs. On top of everything is an educational center that’s sure to help every level of trader, from beginner to pro.
Overview
Traders will appreciate the range of features being offered at HFTrading, which include the MetaTrader 4 trading platform, a detailed education center, dedicated customer support, no hidden fees and charges, a demo trading account, and a range of innovative tools to help make trading more successful.
In addition, clients can take advantage of execution speeds that clock in as fast as 0.04 seconds, spreads which begin as low as 2.1, and leverage as high as 1:500. Plus traders can enjoy peace of mind knowing there’s no price manipulation as all trades are passed on directly to liquidity providers, with no dealing desk intervention.
The technological innovations and analytical tools provided by HFTrading ensure that clients are able to secure optimal trading conditions at all times. Also, data remains completely secure through the use of SSL technology, strict firewall rules, and encryption of all transactions.
Safety
No matter what a financial service provider offers in terms of trading conditions, platforms, and available assets, if a trader can’t feel secure then it is of little use. So, let’s first look at the safety and security of trading at HFTrading.
Regulation:
HFTrading is the trading name of CTRL Investments Limited (“CTRL”). CTRL is a New Zealand incorporated company (Company No. 2446590, NZBN 9429031595070) and a registered foreign company in Australia (ARBN 152 535 085).
CTRL is licensed and regulated by the New Zealand Financial Markets Authority (FSPR No. FSP197465) and the Australian Securities and Investments Commission (AFSL No. 414198).
Client Fund Safety:
HFTrading maintains client fund segregation, keeping all client funds in bank accounts that are separate from the operational funds of the financial service provider.
Risk Management:
From our review, it was noted that the financial service provider does implement negative balance protection which is in accordance with the rules put in place by ASIC as of October 2020.
Communication / Data security:
HFTrading has all the necessary security features in place to protect stored as well as in-transit data. The platform uses industry-standard SSL technology and encryption protocols along with secure firewalls to ensure the safety of user information and funds. These technologies and protocols help secure against hacking and against phishing schemes.
It’s also worth noting that there are warnings clearly visible on the HFTrading website warning of the potential dangers when working with CFDs and with leverage and margin. You can read the statement in the footer of HFTrading’s website on every page and it is also included in the Financial Services Guide.
Asset Coverage / Instruments
HFTrading has over 300 CFDs, which seems to be pretty standard in today’s CFD industry. All the expected underlying asset classes are available, including stocks and indices, currencies and crypto, and commodities. These offerings can help any trader to remain diversified in their trading, and maintains flexibility in markets based on changing conditions.
Enjoy trading CFDs on all these asset classes:
- Forex Currency Pairs (including minor, major & exotic crosses)
- Cryptocurrencies
- Indices
- Metals
- Energies
- Stocks
- Commodities
By offering CFD trading HFTrading ensures that clients can easily go both long and short in any market, while also enjoying leverage of up to 1:500 depending on account type as well as the underlying asset.
Trading Accounts
With three different accounts to choose from every trader should be able to find something that matches their experience level in trading and their needs. The accounts are set up as Silver, Gold, and Platinum levels. Silver accounts are for novice traders, Gold accounts are for more advanced traders, and Platinum accounts are available for professional traders with exceptional knowledge and experience in trading.
You’ll easily notice that the primary differences in the various accounts is in the leverage and spreads offered. That said the differences aren’t all that great, with leverage starting at 1:200 for the Silver account and going to 1:400 for the Gold and 1:500 for the Platinum accounts, while spreads are as low as 3.2 for the Silver account, 2.6 for the Gold account, and 2.1 for the Platinum account.
Other Account Features
There are two other account features that are worth mentioning. One is the availability of Islamic trading accounts (swap free account) for Muslim traders. These accounts can be requested from the account manager and they feature no overnight swaps in accordance with Sharia laws. The second is the availability of demo accounts that can be used to test out HFTrading’s trading conditions, or to test out the trader’s own trading strategies to ensure profitability before using real money.
We should also note here that fees and charges can change at any time, so prospective traders should check with HFTrading’s website to see all current information on type of accounts, fees, and charges.
Trading Fees
Fees are always an important consideration, since high fees can really eat into profits. HFTrading remains transparent with all fees and charges and clients will not be affected by hidden fees and charges. The spreads start as low as 2.1 depending on the account type and the underlying asset.
It might be good to explain the process HFTrading follows when executing client orders to understand how the financial service provider operates.
The price quotes offered by HFTrading come from real-time feeds from CTRL Capital, the liquidity provider of HFTrading. These are two-way quotes and HFTrading broadcasts them to its clients without adding to the spread.
To ensure the financial service provider is not taking on any price risk or market risk it then hedges all the trades placed by its clients with CTRL Capital. That diversifies HFTrading’s exposure based on predefined risk parameters. HFTrading earns a commission from CTRL Capital based on the volume of trades and hedged positions.
All of this means HFTrading clients get to enjoy low spreads and no hidden fees and charges. These fees include:
- Overnight financing or swap fee.
- Inactivity& low activity fees if the account is idle for 60 days or more.
Deposits / Withdrawals
HFTrading makes depositing and withdrawing funds convenient and easy by providing a number of methods for funding your account, or retrieving your funds. In each case there are no deposit or withdrawal fees charged by HFTrading and clients can choose from bank wire, credit and debit cards, and a number of online ewallets such as Skrill and Neteller.
While HFTrading does not charge fees, there will be some occasions when the payment processor charges their own fees. These fees are out of HFTrading’s control.
Withdrawals are processed within 3 business days by HFTrading upon acceptance, although it can take up to 7 business days for the funds to become available depending on the method and provider used. Credit cards are typically instant for deposits, but the ewallets are the fastest when making withdrawals. That said, withdrawals need to be made to the same account that the deposit was initiated from.
In some cases there may be limits to the amount of funds that can be transferred. Clients must refer to the terms and conditions of the specific payment provider to determine if they place any restrictions on deposits or withdrawals. In no instance will HFTrading accept third party payments. All deposits must be made from accounts bearing the same name as the holder of the trading account.
MT4 Trading Plugins
There are no additional plugins or tools provided by HFTrading for the MetaTrader 4 platform. That’s likely because the tools already built-in to MT4 are more than sufficient for locating good trading opportunities. Those who feel like they still need more tools can always go to the MQL marketplace to download the customer indicators, scripts, and more that have been coded by MT4 community members.
Mobile Trading
HFTrading’s mobile app is also the MetaTrader 4 app, and it has versions for both Android and iOS devices. This gives clients the ability to trade on the go, which is not only very convenient, but is really expected these days. It comes with all the indicators and timeframes found in other versions, and it synchs with those other versions as well, so you won’t be missing any of your trading data.
Right out of the box the app contains the same login and data, as well as news, account history and trade information, charts and watchlists, and ways to connect with the MQL community. It really is a very powerful mobile app.
Customer Support
HFTrading has a dedicated support team standing by to answer any of your general, account-based, or technical questions or resolve any of your concerns Monday through Friday from 22:00 to 10:00 GMT.
Support is available via an online chat session, through email at [email protected], via telephone at +61 391139456, or through an online contact form. The financial service provider also includes an online contact for that goes right to their management team when you aren’t getting the proper support in a timely manner.
Research Tools
In addition to the educational material, there are also a number of research tools to be accessed. These include an economic calendar that displays all the latest economic news releases, and the likely impact of the news on markets. You can also view the date and time of upcoming economic data releases to help plan your trading.
In addition to the economic calendar there is also a corporate earnings report calendar that will give you advance notice of what companies have earnings reports coming up, what the expectations are for those earnings, and when the company management will be holding a conference call.
Final Thought
Residents of New Zealand and Australia who are looking for a online CFD provider offering competitive trading conditions really need look no further than HFTrading, which is licensed and regulated by both ASIC and FMA.
HFTrading provides access to global markets and assets preferred by most traders via CFDs and are able to offer higher levels of leverage. It also affords traders the ability to go long or short with equal ease.
Lastly, the various account types are suitable for meeting the varied needs of any trader, from novice to professional.
