From the US Dollar to the German DAX30 to South American Corn, HFtrading is a gateway for discovering and exploiting worldwide trading opportunities.
Choosing the right trading broker can be confusing even to experienced professionals. But when you know what defines an excellent trading platform, deciding where to trade becomes easy.
Against that backdrop, HFTrading, a fast-rising financial trading platform seems to be doing everything right. Here’s why:
- Over 350 trading instruments
- Zero commissions and no hidden fees
- Competitive spreads from 0.03
- Round the clock support
- 1:500 leverage
- Mobile Trading
In all fairness, there are lots of brokers that offer similar services. So, what makes HFTrading unique? This review takes an in-depth look at the company to assess its services, fees, online reputation, pros and cons.
HFTrading: An Overview
HFTrading is a reasonably new financial trading broker established in 2019. It’s incorporated and headquartered in New Zealand, so you can be confident it is genuine. It is also registered in Australia as a legitimate foreign-based trading company.
Crucially, HFTrading has a website and apps suitable for desktops, tablets and smartphones. That includes both iOS and Android devices. It provides trading services 24/7 with SSL encryption to protect traders’ data and top-notch transparency give them peace of mind.
HFTrading is a new age trading platform, and that means it offers all the popular trading instruments, from crypto and fiat currencies to metal and commodities. There are different benefits based on what you trade, though:
The trading platform features tons of cryptocurrencies such as bitcoin, Ethereum, Litecoin, and dash. The coins are paired with USD, GBP or EUR for the most part. HFTrading offers 1:1 maximum leverage for trading, which is low, but better than none.
Coffee, gold, cocoa, oil, gas—you name them. You can trade your favorite product through CFDs or via spot trading. What’s more, they come with 1:125 leverage, meaning you can magnify your potential profits immensely.
Forex is where the big leverage lies on HFTrading. Precisely, you can maximize your profits with a trading advantage of 1:500. And depending on which currency you choose; you could cherish spreads of up to 1000 points.
You can purchase shares from tons of companies and invest with leverage of 1:10. That includes stocks for famous companies like Facebook and Amazon to less-famous companies publicly traded.
Trading indices comes with 1:125 leverage on HFTrading. It also comes with the chance to trade on all major indices worldwide: AEX, Nasdaq, Nikkei, Telaviv and Hang Seng, to name a few.
- Gold, silver and several other metals fall under both commodities and metals on HFTrading. And regardless, of how you trade them, you’ll have access to 1:125 leverage. That said, there are five metals on the platform: platinum, copper, palladium, gold and silver.
Getting Started Demo Account and Trading Academy
In case you are not ready to deposit money on HFTrading, create a demo account and practice your trading skills. And if you are a beginner in trading, ensure you start by training how to trade in the Education section.
HFTrading offers training in a variety of methods:
- Video on Demand
Once you enhance your skills, decide which trading account you want to join on HFTrading. There are three of them, each with varying benefits and drawbacks.
- Silver Account
A silver account is best suited for beginners. The minimum deposit is $100 and comes with access to over 750 assets. It has zero commissions, 1:200 leverage but 0.7 minimum spreads.
- Gold Account
The gold account comes with everything the silver account has apart from these: you can hedge, 0.5 minimum spreads and you get 25% swap discounts. You become a gold account trader through experience on HFTrading.
- Platinum Account
With a minimum deposit of $300, the bar isn’t too high for platinum traders on HFTrading. And guess what? You get to enjoy 0% commissions, 0.3 minimum spreads, a free VPS and 1:400 leverage.
Trade like a Pro with a Real Money Account
HFTrading has a comprehensive sign up process in which you provide all necessary verification details before you make your first trade. Here’s a step by step guide o what it entails:
- Email Sign up
The initial step is to provide your full name, phone number and email address. You also need to set a password consisting of numbers and letters to keep your account safe.
- Address and Date of Birth
Next up is to provide your home address and date of birth. Expect a message asking you to confirm your address or edit if you made an error.
- Deposit Money
You can create a demo account if you are not ready to trade money. But if you are prepared, top up your account with a minimum of $100.
As a side note, the broker’s favorite payment methods are Visa, MasterCard, Skrill, Neteller and V Pay.
- Verification Documents
HFTrading asks for KYC verification immediately you deposit money. Most companies ask for your ID, utility bills and bank statement later on. Nonetheless, the New Zealand broker has a quick verification process.
- Trading Platform: Meta Trader 4
HFTrading supports Meta Trader 4 for Web Trader, mobile app and software. It is arguably the most popular platform thanks to its user-friendly user interface and incredibly helpful tools.
On HFTrading, however, Web trading is a privilege for VIP trading. So, unless you are willing to pay extra for the service, your best option is to download the MT4 program. All in all, these are some of the benefits of upgrading to Web Trader:
- Lighting fast execution speeds
- Cross-platform synchronization (desktop, tablet, phone)
- Helpful, customizable charts that display instruments using line chart, candlesticks and more.
- Numerous analytical tools
- Knowledgebase to improve your skills
One of the most conspicuous things on the HFTrading website is a floating live chatting bot. It’s the easiest way to contact the broker noting that it’s one click away. The requirement to use the bot is that you provide your email address, phone number and write your message.
There are two more ways to contact HFTrading. You can send an email at [email protected] or call them from Monday to Friday 08:00 to 11:00 GMT.
Online reviews show the staff at HFTrading responds in good time after you make an inquiry. They are also professional and knowledgeable with traders’ issues.
HFTrading might be a new broker, but it’s giving established platforms a run for their money. For starters, it’s customized for both mobile and desktop trading. It comes with hundreds of instruments, zero commissions and adequate customer support.
That’s not all. HFTrading is secure, regulated and pays out fast. It has a solid reputation and approachable management.
I am an associate content producer for the news section of Coingape. I have previously worked as a freelancer for numerous sites and have covered a dynamic range of topics from sports, finance to economics and politics.