We have tested a popular ASIC regulated broker HFTrading. Keep reading to find out everything there is about the broker!
HFTrading is a CFD Broker that features on its trading platform CFDs on forex, stocks, indices, commodities, ETFs and cryptocurrencies. HFTrading is a trading name of CTRL Investments Limited, a corporation that is regulated and overseen in Australia by the ASIC and in New Zealand by the FMA. (The broker accepts traders only from these two countries). The minimum spread charged by the broker is for a popular currency pair EUR/USD 0.7 pips*. The HFTrading minimum deposit to start real trading is $250 and the maximum leverage traders can use is 1:400.
What do we cover in our HFTrading Review?
|General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.|
Basic information about the broker
- ✅ Website address: www.HFTrading.com.au
- ✅ Leverage: up to 1:400
- ✅ Instruments: CFDs – forex, stocks, indices, commodities, ETFs, cryptocurrencies
- ✅ Minimum deposit: $250 (Accounts held in USD, EUR, or AUD)
- ✅ Methods of deposit and withdrawal: Wire transfer, Skrill, Neteller, Credit and debit cards (Visa, Mastercard, Maestro)
HFTrading Trading Platform
HFTrading offers to its traders a popular trading platform called MT4. This trading platform can be used not only for executing trades but also for analyzing financial markets and automated trading. MT4 can be downloaded to any computer or can be accessed via just a web browser or a mobile application. The number of available assets at HFTrading hovers around 500. The average execution speed is according to the HFTrading official website 0,08 seconds.
HFTrading Fees (Spreads)
As any other CFD broker, HFTrading charges a spread fee. For the most current spread charges, please visit the HFTrading.com.au website. The charged spread differs on the traded asset and the account type that the trader has; here is a breakdown of spreads that HFTrading charges on popular currency pairs.
*The screenshot above was taken from the official HFTrading website on 30.07.2020 at 21:00 GMT and informs about the minimum spreads HFTrading charges depending on what account type a trader has. The broker does not specify on the website the requirements traders have to meet to obtain the gold or platinum account. However, when I asked the HFTrading customer support on their live chat how to get the gold or platinum account, they replied that any trader can obtain them and that they usually differ in the starting capital (Which is not set in stone for the gold and platinum accounts).
Cryptocurrency trading with HFTrading
HFTrading features on the MT4 platform, 19 cryptocurrencies: BTC, BSV, BTG, DSH, ETC, ETH, IOT, LSK, LTC, NEO, QTM, SIC, USDT, XEM, XLM, XRP, XVG, ZEC, ADA, BAB. Every cryptocurrency can be traded against the US dollar, some of them also against the euro or pound sterling. In total, HFTrading supports speculation on 33 cryptocurrency pairs.
CTRL Investments Limited is authorized and regulated by the Australian Securities and Investment Commission (ASIC) under the AFSL number 414198.
CTRL Investments Limited is authorized and regulated by the New Zealand Financial Markets Authority, with FSPR number FSP197465.
To sum up the HFTrading Review
HFTrading adheres to strict regulatory guidelines of the ASIC and FMA. The broker features a good amount of CFDs on which it charges very solid spreads (especially if you have the gold or platinum accounts). The website of the company is modern, light and simple. The broker offers to its traders a popular trading environment – MT4. The biggest disadvantage of HFTrading that I see is that they accept only traders from Australia and New Zealand. Apart from that, HFTrading is a CFD broker to keep an eye on.
74–89% of retail investor accounts lose money.
Your review can make a difference to other traders, please leave a comment if you have any personal experience with HFTrading.