HFTrading is an Australian licensed CFD broker, that has been regulated by ASIC in Australia since 2012.
Officially located at: Level 3, 50 Victoria Street, Christchurch 8013, New Zealand, their phone number is: +61 391139456. Customer support email address is: [email protected]. Official website is at: https://www.hftrading.com.au/. For complaints or withdrawal problems, read this.
HFTrading Broker Review
A review of the Forex broker called HFTrading shows, that this broker is offering day traders and investors the classic MetaTrader4 (MT4) trading platform. You will have the ability to use both the desktop standalone version, the web-based trading platform, and the mobile trading apps. HFT offers hundreds of underlying assets for trading CFD’s including all the popular Major & Minor Forex Pairs, Crypto, Market Indexes, Stocks / Shares, and Commodities like Brent, Crude Oil, Platinum, Corn, Cotton etc..
Leverage rates depending on the underlying asset is as high as 1:400. Their spreads start at 1.8 pips, and can be lower for advanced traders. HFTrading offers three account types; Silver, Gold and Platinum. The main difference being account types, is minimum deposit, margin rates and spreads. Minimum deposit requirement for a Silver trading account is $250. Accounts can be denominated in either USD, EUR, or AUD. Deposits can be made via; Bank Transfer, Credit Card, Neteller or Skrill.
Is HFTrading a Legit Broker?
Yes, HFT is a licensed and regulated CFD broker, by two different financial regulators.
- New Zealand: HFT is licensed and regulated by the New Zealand Financial Markets Authority, with FSPR number FSP197465.
Scam Broker Investigator has reviews of hundreds of Forex brokers, see here. The best way you can know if your CFD broker is a scam or a legitimate broker, is to verify they are licensed by your local government regulator. The reason why serious investors only use a licensed broker, is to be sure their money is deposited in a segregated bank account.