In this review of HFTrading forex broker, we’ll help you decide whether this New Zealand-based CFD financial service provider is right for you. By exploring HFTrading’s fees, instruments, platforms, and licenses, you’ll not only learn how to maximize your trading experience with this broker but how to meet your trading needs at every turn too.
HFTrading accepts traders from both Australia and New Zealand and provides you with access to over 300+ CFDs on various underlying instruments, including currencies, stocks, and cryptocurrencies. You’ll also be able to trade via the world-class MetaTrader 4 platform. To find out more about these features and more, continue reading our review of HFTrading.
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HFTrading General Information and Licensing
Established in New Zealand in 2019, HFTrading has since made a name for itself as a popular choice for CFD traders down-under. A fact confirmed by the multiple awards the broker has won, including the Best CFD Broker in Australia at the A-Z Forex Awards 2020, and the Most Transparent Broker at the World Finance Forex Awards in the same year. This, paired with two licenses from top-tier regulators, says a lot about HFTrading’s credibility.
HFTrading is licensed and regulated by:
- The Australian Securities and Investments Commission (ASIC)
- The New Zealand Financial Markets Authority (FMA)
HFTrading Trading Instruments
During our HFTrading review, we discovered that you can trade over 300+ CFD with the broker. This includes:
- 50 currency pairs
- 12 commodities
- 51 cryptocurrencies
- 167 shares
- 20 indices
- 5 metals
Our HFTrading review found a wide range of cryptocurrency CFDs. Trading these allows you to avoid the lengthy process of buying a digital wallet and the currencies themselves. Instead, you can profit from the smallest of movements and close positions quickly.
HFTrading allows you to trade multiple cryptocurrency coins against the USD, GBP, and EUR. This gives you even more diversification options. Cryptocurrency CFDs include Bitcoin, Ethereum, Dashcoin, Ripple, and Monero.
HFTrading Trading Platforms
HFTrading provides you with the MetaTrader trading platform, although this doesn’t you’re your limited in choice. To cater to many types of traders, HFTrading offers you three different versions of the world-class software.
- WebTrader – With HFTrading’s web trading platform, you can access beneficial trading features without having to download anything. During our HFTrading review, we tested dozens of technical indicators, automated bots, and charting tools.
- MetaTrader 4 – With MetaTrader 4, you’ll be able to use all the above tools and four pending order types. HFTrading also allows you to expand the software by adding thousands of third-party indicators from the MLQ5 community. You can download MT4 for both Mac and PC.
- Mobile trader – HFTrading’s mobile trading app is a smartphone version of MetaTrader 4, which is available on iOS and Android devices. This allows you to trade CFDs on currencies, stocks, and cryptos with various trading signals, indicators, and charts, whilst on the go.
Creating an account at HFTrading is quick and easy, taking roughly about 10 minutes. As our review of HFTrading forex broker shows, you can open an account with a minimum deposit of AUD/NZD 250 and all accounts offer optimal trading conditions:
- Silver – Spreads from 1.8, no hidden fees and charges, average execution speed of 2000ms, maximum leverage of 1:200.
- Gold – Spreads from 1.8, no hidden fees and charges, 25% swap fee discount, maximum leverage of 1:400.
- Platinum – Spreads from 1.8, no hidden fees and charges, 50% swap fee discount, maximum leverage of 1:500.
If you are a Muslim trader, you can also create an Islamic account to eliminate swaps and interest fees on overnight trades. HFTrading does not add any additional charges or widen their spreads either.
You can also open a free demo account to try out the broker and to practice your trading strategies.
Payment Methods at HFTrading
To create an accurate review of HFTrading forex broker, our experts deposited their own funds. They were pleased to find that you can choose from a wide range of payment methods, including credit/debit cards (Visa, Mastercard, Maestro), wire transfers, PayPal, Skrill, Neteller, and VPay.
Deposits are usually instant and free, whilst withdrawal requests are processed within 3 business days once the broker has accepted your request. Withdrawals may be subject to additional processing time, however, depending on your bank, payment provider, or jurisdiction.
HFTrading Customer Support
If you run into a problem or have a question when trading with HFTrading, you’re in safe hands. The broker offers three different contact methods and, in our experience, responses are always prompt and helpful.
- Email support: [email protected]
- Phone call: +64 48895407
- Live chat directly from the website
Support is available Monday to Friday, 9 PM – 10 AM GMT, and you can access it from your desktop or mobile device.
Overall, our reviewers found HFTrading to be a trustworthy STP broker which boasts beneficial trading conditions and a focus on customer satisfaction. Traders in Australia and New Zealand should feel confident that HFTrading is a superb choice.
Frequently Asked Questions (FAQs)
Is HFTrading a good broker?
Yes, as our HFTrading review shows, this is a great broker for traders in Australia and New Zealand. Our experts aren’t the only ones to think so either, as HFTrading has won multiple awards, including Best Forex Broker in Australia 2020. The financial service provider is also licensed and regulated by both the New Zealand Financial Markets Authority and the Australian Securities and Investments Commission. This shows that HFTrading is committed to offering a safe trading experience.
What fees does HFTrading charge?
At HFTrading, you will pay spread and swap fees. The broker doesn’t charge any instrument-specific commissions, nor does it charge account maintenance or depositing fees. Spreads are competitive and you can claim a discount bonus on swap fees if you are a Gold or Platinum account holder.
Is HFTrading licensed?
Yes, HFTrading is licensed and regulated by the Australian Securities and Investments Commission (ASIC) and the New Zealand Financial Markets Authority (FMA). Together these ensure that traders from Australia and New Zealand are protected and offered responsible trading terms and conditions.
What is the minimum deposit at HFTrading?
To trade with HFTrading, you must deposit at least AUD/NZD 250. Whilst this isn’t the lowest minimum deposit limit on the market, the good news is that it remains the same no matter which account type you open.
How do I withdraw from HFTrading?
To withdraw funds from HFTrading, you can use many payment methods, all of which are also available for making deposits. This includes credit cards, bank wire, and e-wallets. As for transaction times, all withdrawal requests are processed within 3 business days once your request has been accepted.