HFTrading Review
Posted by Alexander on March 21st, 2022
MahiFX in its preceding form, the company was renamed HFTrading after its acquisition by LGT Solutions (July 2019). CTRL Investments Ltd is The brand name .
The company is a developing good name, Under the trading name HFTrading. HFTrading is New Zealand headquartered and Australia registered and a multi-asset online retail CFD broker. The Australian Financial Services licenses the forex CFD broker. This allows the company to present its interesting variety of dealing and execution services.
HFTrading works under the supervision of the New Zealand Financial
Markets Authority (NZFMA). The FSPR number is FSP197465. The AFSL number is 414198.
The AFSL licence allows HFTrading to provide CFD, FX, OTC derivative product dealing and execution services to bona fide Australian residents. The exercise of these powers is either direct or via the agency of an authorised person. All participants, according to ASIC regulatory instructions, are obligated to hold sufficient funds, respect financial requirements, comply with AFSL licence conditions, in addition to having standard risk management practices in place. HFTrading clients may submit in order for their issues with the broker to be resolved, Within Australia, the AFCA (Australian Financial Complaints Authority), which is the final arbiter.
Fully in compliance of section 912 B, the Australian Corporation
Act 2001, the forex CFD broker is in possession of a professional indemnity insurance policy.
HFTrading : an variety of trading solutions
You can choose from three individual and joint account types ,when you come on board as a client with HFTrading. A0 is The minimum deposit . Clients may choose to trade with any/several instruments , out of a general selection comprising hundreds of assets across Cryptocurrencies ,Forex, Shares, Indices, and Commodities.
Account Types
Account types are intended to fit all types of traders. The Silver Account is meant for the newbie, while seasoned traders may go for from either the Gold or the Platinum Account. Irrespective of the account type, nonetheless, you may still access all types of product offerings. The differences in the account types , in any case, are echoed in the variety in leverage, spread, and swap discounts.
Offering clients with spreads from 0.03 pips, and 12 hour multiple channel support , the forex CFD broker remains a zero commission broker. HFTrading is accountable to the New Zealand Financial Markets Authority (NZFMA) and the Australian Securities and Investments Commision (ASIC). The fact of the broker being the principal for all client orders, brings upon it the burden of responsible trading.
Unsurprisingly, being a regulated body, HFTrading complies through the acceptance of trading restrictions. Examples are the placing of certain arbitrage scalping/arbitrage orders, besides the placing of bets even as when the systems are experiencing errors.
A lot is made clear when we see that the product disclosure statement on HFTrading’s website is intended for New Zealand and Australia clients exclusively.
What Trading platform does HFTrading use ?
Across mobile and computers Clients can easily access HFTrading’s MetaTrader4 platform. HFTrading platforms are downloadable web, desktop, and mobile applications. Additionally , the platforms also have support for windows, macOS, every browser, besides Android and handheld Apple devices.
The most comprehensively operated trading platform utilised by CFD and FX traders, MT4 has a user-friendly interface with easy to understand functions, aside from a detailed user’s guide. HFTrading also employs the MetaQuotes trading terminal. This has reliable data protection. Servers being encrypted and supportive of RSA digital signature, the terminal can be credited with high security standards.
Algo Trading
MetaQuotes Language 4 (MQL4) is of great help to clients aiming to program their strategies. Many traders operate the MQL4 to come up with technical indicators, scripts, technical robots, and function libraries . These are frequently used on the MTY4 platform. The C++ programming language helps users in developing complex programs . clients are hence able to use much calculation, aside from managing robots and indicator parameters with exactness.
HFTrading’s MT4 platform gives you advancement in programming as well. The MQL4 IDE development setting allows you the developing , testing, and optimising of your robots. What’s more, you may also find it helpful to download a huge number of indicators and trading robots from the CodeBase. Ultimately , you do have the choice to rent or order from professional developers.
Tradable assets & products
With HFTrading, you have the option of 350+ assets. The asset classes include forex, cryptocurrencies, indices, commodities, and shares.
You can access 50 forex pairs ,having listed with HFTrading. These are minor, major, and cross-currencies. There are 17 commodities from the metals, precious metals, softs, and the energy categories. Additionally, 20 stock indices standing for the UK, Europe, US, apart from the Asia Pacific markets.
Then there’s the Volatility Index. You may readily choose to trade on 214 share CFDs. The majority of these are US exchange underlying stocks, 50+ cryptocurrencies, including regular and mini contracts against multiple currencies. Furthermore , there are 3 ETFs (Exchange Traded Funds) based upon the industrial, energy, and technology sectors.
Commissions & Fees
Ctrl Capital (related to HFTrading) offers clients the opportunity to avail of streaming two way quote real time market data. CTRL Capital offers real time price data, which HFTrading then straightforwardly transmits. This the broker does sans spread spiking or levying commissions.
We have to be mindful of subsidiary fees : overnight swap/financing fee ; if the trading activity is low or the withdrawal amount is less than A0, there’s a A withdrawal fee.
Conclusion
HFTrading is a New Zealand based CFD broker,with a superb mix of products to offer, a highly effective trading platform, helpful educational and training resources, and a 500:1 max leverage. The broker is , sans doubt, regulated according to the most strict guidelines . HFTrading not only conducts regular audits , it also guarantees sufficient liquidity as a matter of policy.
