HFTrading Review – Is There a Need to Find Another Financial Service Provider?
HFTrading Broker Summary
- Overall Rating
HFTrading is regulated in not one but two different jurisdictions. ASIC (Australian Securities and Investments Commission) and New Zealand Financial Markets Authority are the two bodies that regulate this financial service provider. It offers a wide range of CFDs and favorable trading conditions designed for all trader types. Take a look at all the options yourself and decide if HFTrading is suitable for you.
The increased numbers of clients joining HFTrading indicates it is a great trading hub and that no need to find any other financial service provider . What is making these potential new and experienced traders such a big fan of this financial service provider ? one must say that they must be doing something right to make traders say such things about it. Therefore, if you are a trader looking for an online financial service provider to start your trading experience with, you must want to know more about them.
So, with this detailed review of HFTrading, you should find out everything that needs to be known about them before opening an account with it. At the same time, you will also find the answers whether you should look for others or not after you have discovered things about HFTrading. Let’s get right into it.
HFTrading – The Features That Make It Great
· Regulation from Two Jurisdictions
You have to give props to a financial service provider that spends time to complete all of its arrangements before offering you the trading services. You have hundreds of online financial service provider that like to make “big announcements”. However, as soon as you start digging deeper into their features, you discover that they are not as good. They usually do not have any regulations from any well-known regulatory authorities. There are only two reasons for a financial service provider not to be properly licensed. One, is a scammer looking to rob you of your money. Two, they do not have the resources and integrity to complete the process of licensing and hence pose a risk to your money and the integrity of the trading venue .
On the other hand, you have responsible financial service providers that do understand the concerns of the industry and traders. They know they are providing a trading platform to people who are willing to invest their money on that platform. These people are real and their money is real too. They cannot provide these traders with subpar services and expect to continue in the industry as so-called leaders. When you talk about HFTrading, you are referring to responsibility. HFTrading is regulated in not one but two different jurisdictions. ASIC (Australian Securities and Investments Commission) and New Zealand Financial Markets Authority are the two bodies that regulate this financial service provider.
You can sign up with HFTrading with peace of mind.
Client’s funds are kept in a segregated trust account in a reputable bank. In addition to that, a regulated financial service provider like HFTrading makes sure that it follows all the standards of the industry. For example, encrypting every bit of your information that you provide on the website. This way, all the information that you provide is secured so no one can access it and abuse it.
With so many features, you just know that you are working with the right people. They are all client-oriented towards you – the trader.
· Simple Yet Intelligent Accounts
You will not find yourself scratching your head when you see the account types that are available with this HFTrading. Of course, when you trade, you have to open a trading account. The options have to be designed with different types of traders in mind. For example, an account designed for experienced traders will not meet the needs of new traders. So, to cope up with that, many online financial service provider have 5 and even up to 7 different account types.
However, having so many different account types can be confusing for traders. HFTrading making things easy for you in terms of applying for the right account. You have only three accounts available. You can choose the one that best meets your requirements. If you are a new trader, you should be happy with the silver account. With this account, you will be able to access just as many assets on CFDs as you are able to access with advanced account types. In addition to that, you can enjoy some tight spreads.
The semi-advanced account has been named gold account. This account is for you if you understand the basics of trading and have done some level of trading in the past. The number of assets on CFDs you can access with this account is the same as that with the basic account, i.e. the silver account. However, you will get some discount on your swaps, which is something not available to the silver account holders. Things get even better if you go with the Platinum account. The best part about the accounts here is that they are open for you to see. You can see their features with ease.
With many other online financial service provider, they like to keep the details of their most advanced accounts hidden from you. That’s not the case with HFTrading. Your swaps will be even cheaper if you go with this account. In short, the differences between these accounts are noticeable and will allow you to pick one with ease. You will not find yourself scratching your head when you see the accounts being offered by HFTrading.
· Favorable Trading Conditions Overall
A few things might not seem as great as they are with other financial service providers. And trust us when we say that this is not the best broker in the online world by any means. You can, however, say that it is one of the best brokers online. So, there is something that you might not like about the different accounts. The minimum spreads you will see on your trades will be 1.8pips regardless of the account type you pick. Of course, there has to be something for experienced traders to be attracted to join an advanced trading account. But that particular aspect is missing from the account types here. However, you have to admire the fact that the minimum spread is only 1.8pips, which makes HFTrading one of the most affordable ones for you. In addition to that, you have various leverage level available on your trades. That’s where you will see the differences between the accounts clearly.
If you go with the silver account, you will be able to enjoy leverages of up to 1:200. That is some good leverage and if you compare it with what other brokers are offering their basic traders. In addition to that, you have advanced traders who can use leverages of up to 1:400 with this broker. Platinum account users are offered a 1:500 leverage. The swap discount is also 50% for platinum account holders.
Generally, you would say that HFTrading provides great trading conditions to its traders and it is one of the most transparent financial service providers on the internet when it comes to its trading terms and conditions.
So, in simple words, when you join HFTrading, one of the few factors that you should consider is the spread. Even there, you will have to admire the fact that HFTrading has some of the tightest spreads in the industry offered to its traders.
You will be surprised to know that HFTrading does not have high deposit limits and its minimum deposit amount is 250 AUD.
· The Amazing Asset Index
When you are a new trader, you have to be very careful with your trading decisions. You can’t pick an asset that you don’t understand and put your money in it. That’s going to hurt you in the short and long term. You have to make sure that you are taking the right trading decisions right from the start. Now, you have to be able to pick from a variety of assets when you sign up with a one of the financial service providers. That particular advantage is loved by experienced traders as well. They want as many options possible as it helps them diversify their portfolios.
HFTrading is not going to disappoint you in this area. The financial service provider has arranged quite a few assets from many different markets for you to trade. Once you have access to so many assets CFDs, you can create the combinations that you think will benefit you the most. You have a long list of stocks CFDs available from all around the world. You have the biggest companies from the US, such as Apple, Google, Amazon, on the list of assets for trading. At the same time, you have some other big companies from other countries on the list. You can trade the one that you think is going to be the best and most suitable for you.
In addition to that, you have a variety of commodities CFDs that you can trade. In the commodities CFDs section, you will find crops, products, energy, and precious metals for trading. In other words, you are not limited to a particular type of commodity CFDs trading when you use the trading platform of HFTrading. In addition, there are many forex currencies pairs CFDs that you can trade.
If you are looking for some of the currencies CFDs you may find the majors and as well as various crosses: USD, GBP, EUR, AUD, etc. On the other hand, you have some exotic currency pairs on the list that have a a lot of volatility on the price chart. You have indices CFDs available for trading as well. If you are not familiar with the concept, these are contracts that allow you to trade many different stocks CFDs at the same time. Last but not least, you have cryptocurrencies CFDs on the list as well.
Any financial service provider that provides you with an opportunity to trade cryptocurrencies CFDs is great. Cryptocurrencies CFDs are not easy to handle. They move a lot on the price chart and any information about regulation can make the entire cryptocurrency market be very volatile. However, you have HFTrading providing you with a bunch of cryptocurrencies CFDs that you can trade on its platform. Whether you want to trade CFDs on Bitcoin, Ethereum, Ripple, Litecoin, or some other cryptocurrency on CFDs, you will find them all on this trading platform. So, your choices are almost unlimited when you choose to trade with HFTrading.
· The Practically Modern Trading Platform
You cannot have great experience while trading when you are not using the right trading platform. Choosing the trading platform is like choosing your mode of travel. You don’t want to travel on cheap flights because you know the services will not be great. After all, a cheap flight will take you to your destination, but you know that you want some great experience on your way to the destination as well. That’s the same case with trading platforms as well.
Yes, every trading platform will provide you with access to financial markets, trading tools, live charts, market news, etc. At the end of the day, you just have to use the trading platform for trading. However, that’s an understatement. There is a lot that’s going to change just because of the trading platform you are using. For example, an outdated and poorly built trading platform will experience delays in fulfilling your orders or when showing you the prices on the screen.
As a result, you may end up losing your trades. The best trading platforms are fast and provide you with market information in real time. If you explore the website of HFTrading, you will see that its trading platform executes your orders in 0.04 seconds. This is a fast speed that you can rely on while trading. Do not take this particular point for granted because it will affect your overall trading experience and results.
In addition to the speed of the trading platform, you have to look at its features, compatibility, and user-friendliness as well. Is your trading platform coming where you are want or is it forcing you to go to to nowhere ? That might sound weird but here is what we are trying to say. If your trading platform is a downloadable software tool that only runs on a desktop computer, you will always have be dependent on your computer when you want to trade and make some adjustments on the go.
In the modern world, people are moving fast and they want to trade on the go. They don’t have to time to be sitting in front of their computers for trading or any other activity for that matter. HFTrading has kept this particular point in mind and that’s why it provides you with multiple trading platform options. You can choose the trading platform that suits you the most. First of all, you can trade on the MetaTrader 4 trading platform. If you don’t know about this platform already, you are missing out a lot. This is one of the best software for trading that has been in use for many years. After decade of use, MetaTrader 4 still remains one of the strongest trading platform in the world.
In addition to that, you have the trading platform available in the form of mobile applications as well. If you only use your mobile devices for trading, you can go with the mobile app. You will not have to worry about which operating system you have on your device because you can download the trading platform application on any mobile of your choice. This mobile app will run on your iPhone just as fast as it runs on your Android phone. With this mobile application, you can trade wherever you are and whenever you want.
Last but not least, HFTrading has provided you with the web trader option as well. This is the best option on the list. If you keep switching between your devices, you should definitely try the web trader. It runs on the web so you don’t have to download it on your device. You can use it from anywhere and any operating system because it will never give you any compatibility issues. Just run your internet browser and use the trading platform with ease.
· Proper Trading Education
You are getting proper trading education from HFTrading. If you are looking to learn trading before you put your money on the line, you will not have to go elsewhere because HFTrading brings you essential material in every format that you want. Whether you want to learn fast through videos or keep learning at a slow pace through ebooks, you have both options available for you. In addition to that, you can take up courses that teach you everything from A to Z of trading. You can also learn through tutorials that will teach you all about trading, including some great trading strategies as well.
· Customer Support
Can you join a trading platform if it does not have a good customer support? We highly recommend you to keep away from financial services providers that are not paying attention to their customer service. You have multiple options available on the website for you to use to contact the company. You can contact HFTrading via phone or email if that’s convenient for you. When you can’t wait to get an answer to your question, you should use the live chat feature right on the website. HFTrading however, should definitely consider having its website in some other languages as well.
HFTrading is a regulated and offers a wide range of CFDs and favorable trading conditions designed for all trader types. Take a look at all the options yourself and decide if HFTrading is suitable for you.