- Available Countries
- Australia, New Zealand (Show More) Deposit Methods
- Credit Card, Debit Card, Bank Transfer (Show More) Cryptocurrency CFDs
- CFD Trading Platform (CFD) CFD Instruments
- Crypto, Indices, Forex, Commodities, Shares
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HFTrading Platform Review
HFTrading offers a dynamic platform for CFD trading, allowing you to explore diverse financial instruments. Engage in trading with a broad spectrum of financial products within a secure and user-centric interface. Operated by CTRL Investments Limited, a New Zealand-registered company with branches in Australia. Furthermore, it's subjected to direct oversight and regulation by the New Zealand Financial Markets Authority alongside the Australian Securities and Investments Commission.
HFTrading meticulously tailors its services for the New Zealand and Australian markets, as elaborated in this dedicated review.
Contracts for Difference (CFDs) are inherently high-stakes investments where you speculate on asset price fluctuations without direct ownership. Ideally suited for day-traders or those keen on engaging in frequent, short-term trading maneuvers . Cryptocurrency CFDs represent an instance where the foundational asset is a digital token—be it Bitcoin, Ethereum, or Litecoin. In this trading form, Bitcoin CFDs ownership of the token isn't transferred, negating the need for Blockchain wallets.
Our HFTrading review sheds light on cryptocurrency CFDs particularly . Additionally, it provides insights into general steps such as starting an account and how this platform stacks up against others in the market. Since data can evolve, do refer to HFTrading’s website for potential updates or modifications. This review will be refreshed in light of new information.
Given that CFD trading leverages margin or considerable exposure, it categorizes itself as a high-risk investment model . It's crucial to be prudent and anticipate losing part or all of the invested sum. Should this not appeal to your risk appetite, exploring less volatile investment routes might be advisable.
Is HFTrading Safe?
HFTrading is deemed as a highly secure trading environment , holding dual licenses from established financial authorities, and incorporating robust safety protocols to safeguard both users and their capital. The platform's siege against cyber threats has been commendable, bolstered by SSL technology encrypting transactions and a resolute firewall defending sensitive user data.
HFTrading Trading Platform
The HFTrading sphere is strategically divided into three separate trading domains , each catering to distinct trader preferences. These are:
- Award-winning MetaTrader 4
- HFTrading Webtrader
- HFTrading Mobile app
No matter the platform choice, you'll tap into the same pool of trading prospects , analytical tools, and charting aids.
Beyond cryptocurrency CFDs, HFTrading accommodates trading in a host of other CFDs , like Forex, Commodities, and Precious Metals. Bringing all these offerings under your HFTrading account lets you enjoy cross-market trading via a centralized, intuitive dashboard.
HFTrading Wallet
As HFTrading does not facilitate direct acquisition of cryptocurrencies like Bitcoin or Litecoin, there's no requisite for a platform wallet. Engaging in cryptocurrency CFDs means you’re contracting over an asset, details which are securely anchored on the platform, thus easing concerns over security or custody.
HFTrading Platform Account
With HFTrading’s trilogy of trading interfaces, delve into CFD investments from virtually any digital device, mobile included . A wealth of information mushrooms on the site, though specifics, such as fees, might not always be overtly visible.
HFTrading privileges you with three distinct account tiers for new registrations. These include:
- Silver – crafted for beginners in trading
- Gold – tailored for experienced traders
- Platinum – suited for professional and adept-level traders
Unique tools and perks accompany each account type, each offering varied leverage ceilings. Silver is ideal for newcomers needing foundational understanding, while Gold and Platinum accounts provide 25% and 50% swap discounts, respectively. Select an account aligned with your trading experience and market ambitions.
How to Sign Up on HFTrading
Initiating an account at HFTrading is straightforward and prompt. Here’s your guide:
- Navigate to the HFTrading site and locate the 'Open Account' button at the upper right of the homepage.
- Input your credentials like name and email address. Before progressing with 'Continue,' ensure you affirm understanding and agreement of the Terms and Conditions.
- Enter your residential address and birthdate, then press 'Continue'.
- Participate in completing the provided questionnaire as it satisfies the platform's licence stipulations.
- Fund your new account via supported transaction channels.
- Finish the verification phase by submitting necessary identification documents.
HFTrading's team dispatches a confirmation email with an embedded link to affirm your email. Verifying using this link completes your registration.
How to Log in on HFTrading
After account creation, logging in is a hugely impressive process; employ these easy steps:
- Visit HFTrading’s webpage and hit 'Login' at the top right.
- Fill in the allotted fields and click 'Sign In'.
Should you forget your password , select the ‘Forgot Password’ and adhere to the on-screen recovery prompts.
Verification Requirements
A pivotal stage in birthing a new HFTrading account resides in its verification step, using Know Your Customer (KYC) protocols to guarantee a safe trading ecosystem . This essential process is commendably streamlined into two principal actions.
- Identity verification – achieved by presenting an official ID, like a passport, identity card, or driver’s licence.
- Proof of residence – furnished via recent bills or statements that corroborate your residential history.
The HFTrading squad commits to expediting account validation generally within 48 hours . It’s possible that busy periods could prolong this. Reach the support team should there arise queries on verification matters. Details on engagement with them appear further in this HFTrading review.
Steps to Acquire Bitcoin CFDs via HFTrading
No matter which of HFTrading's three distinct platforms you utilize, approaching Bitcoin CFDs is both straightforward and hassle-free . HFTrading simplifies the endeavor further with guides and tutorial modules across its interfaces. Here's a buying example play-by-play for Bitcoin CFDs on the MetaTrader 4 platform:
- Initiate your journey with the Market Watch feature, pinpoint BTC, and upon a click, the affiliated chart emerges in the neighboring frame.
- Invoke ‘New Order’ and fill requisite data, ensuring to set ‘Stop Loss’ as well as ‘Take Profit’ safeguards. This protects your finances against unexpected market swings.
- To set your order rolling, opt for ‘Sell’ to short Bitcoin CFDs or ‘Buy’ for a long stance.
Despite CFDs being potent yet complicated trading devices fraught with risks, they usually culminate in financial outlays for regular traders. We urge that potential traders acquire a full grasp over CFDs before committing to the possibility of heavy losses.
How to Cash Out on HFTrading
Winding down an active position and retreating your capital follows not-quite-complex steps:
- Launch your trading interface and pull up the ‘Trade’ zone.
- Spot and right-click the particular trade intended for conclusion.
- From the emerging dropdown, elect ‘Close Order’.
- Pressure ‘Close’ to finalize trade conclusion.
Upon necessary deductions post-trade completion , the surplus transitions into your HFTrading account. Now you can dive into fund extraction from your account using these steps:
- On your user interface, select ‘Withdraw’.
- Determine your preferred payout method alongside the withdrawal sum desired.
- Proceed via on-screen cues to sanction your withdrawal.
Supported Cryptocurrencies
HFTrading champions over 30 distinct cryptocurrency CFDs among its repertoire. Popular options include:
- BTC
- ETH
- LTC
- DASH
- XRP
- ETC
- BTG
- XLM
- ADA
- BSV
Every digital token finds pairing through Bitfinex, aligned with one of the staple currencies EUR, USD, or GBP. Presented is a snippet of the platform's possible trading pairs. Comprehensive catalogs of sanctioned cryptocurrencies and crypto CFDs populate the product listings. page .
Supported Countries
Supported
Counter to many counterparts offering CFD trading on global scale, HFTrading’s services are currently targeted solely for New Zealand and Australian clients .
Excluded
As we've highlighted previously in this rundown of HFTrading, folks residing outside Australia or New Zealand currently won't find support on this platform. European and UK residents eyeing the chance to trade cryptocurrency CFDs might want to look into alternative options.
Platform Fees & Limits
Like most respected trading venues, HFTrading makes its money by imposing fees on its users.
Fees
The primary charge you’ll face with HFTrading is the spread. This amount is tacked onto both buying and selling prices of various assets. Although the specific spread for each asset isn’t plainly laid out, certain accounts offer spreads as slim as 0.03 pips. You can always verify an asset's price before making any trades.
Beyond dealing with the spread, HFTrading imposes several other charges:
- Financing – These fees, updated weekly across HFT's trading platforms, are relevant when trades involve leverage. They differ between long and short trades.
- Conversion – This fee applies when you trade in a currency other than your account's base currency.
- Overnight (Swap) – Applicable to trades held overnight beyond the trading day's close.
There are no deposit fees or commission charges with HFTrading. Withdrawals are free unless the sum is under 100AUD or from an inactive account, in which case a 50AUD fee is levied.
Regrettably, HFTrading doesn’t provide a thorough list detailing all the fees tied to each asset. Some financing fee information is available in the financing fees section on their site.
Limits
Every trading pair features its own restrictions, which are visible on the order screen prior to trade initiation. Limits will largely depend on the asset.
Max withdrawal amounts differ based on payment methods. While minimum withdrawals face no strict limitations, those under 100AUD you'll find attract a 50AUD fee. The minimum deposit varies between 250AUD and 300AUD depending on your account sign-up type, and leverage limits vary by account too.
- Max leverage for Silver accounts is 1:30
- Max leverage for Gold accounts is 1:400
- Platinum accounts come with a maximum leverage of 1:500.
Supported Payment Methods
HFTrading accommodates a range of popular payment methods, such as:
- Debit and credit cards – defaulting to Visa and Mastercard.
- eWallets – including popular options like Skrill and Neteller.
- Bank transfer
Your choice of payment method will influence the maximum limits.
CFDs are complicated devices that carry a notable chance of fast financial loss, often due to leverage. A large number of retail investor accounts end up losing money when trading CFDs with this provider. Before proceeding, ensure you thoroughly grasp the workings of CFDs and determine if you’re willing to proceed with the risk of an outsized financial hit.
HFTrading Security
HFTrading boasts exceptional safety and dependability, equipping its platform with diverse security measures to safeguard both users and their finances. When setting up your account, it requires you to select a password that's 6-12 characters long and alphanumeric. This is to thwart hackers from easily figuring out your credentials. Likewise, transactions are encrypted to block any unauthorized access attempts.
HFTrading Customer Support
Connecting with HFTrading’s customer support is straightforward, facilitated by a live chat feature available from Monday to Friday, 8 am to 11 pm GMT. Alternatively, you have the option to reach out by phone or email. Response times are generally alright, with no issues reported on well-known review platforms. Though an FAQ page is missing, their terms and conditions are pretty comprehensive.
Top Competitors
HFTrading vs. ITRADER
Both platforms are on par when it comes to the number of cryptocurrency CFDs they offer, as well as a slew of alternative markets like commodities and forex. While ITRADER has a broader reach, covering many more countries globally, HFTrading restricts its operations to Australia and New Zealand. Payment methods are much alike, and MetaTrader 4 access is common to both.
HFTrading vs. eToro
In comparison to eToro HFTrading’s presence is notably restricted, serving just a small number of nations. eToro stands as a global player in the trading arena, allowing users direct purchases of digital assets with storage options in an on-platform wallet. It covers a wide array of payment options and grants access to pioneering features like CopyTrader.
HFTrading vs. XTB
Whilst both HFTrading and XTB Both platforms adhere to regulatory standards, offering varied cryptocurrency CFDs. However, XTB has an investor compensation scheme, something HFTrading lacks. Their fee structures are somewhat similar, especially with no charges for deposits, but XTB is notably more upfront about its fee policies. Despite both platforms having KYC protocols, HFTrading's sign-up process is noticeably quicker and more streamlined.
Conclusion
HFTrading offers traders in supported regions solid avenues for investing in cryptocurrency CFDs, along with other financial assets. While the platform inspires confidence in terms of safety and reliability, its focus is narrow – squarely aimed at CFDs without advanced security offerings like two-factor authentication (2FA). Its competitor platforms often feature more transparent fee structures.
CFDs carry inherent complexities and present considerable risks with leverage, often leading to rapid monetary losses. Most retail investors find themselves on the losing side when trading CFDs with this provider. It’s critical you understand the intricacies of CFDs and assess if you’re prepared to shoulder the elevated risk of losing your assets.
Pros and Cons
HFTrading functions as a CFD trading platform. This means you won’t directly buy or sell Bitcoin here. Instead, Bitcoin contracts are the focus.
Due to the intrinsic high risk associated with CFD trading, it's advisable to only engage with HFTrading after gaining some solid trading experience.
Indeed, HFTrading makes its mobile app available on both Android and iOS platforms.
The spread on HFTrading depends on the kind of account you maintain. In some instances, spreads can dip to as low as 0.03 pips.
Similar Platform Reviews
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80% of retail investing accounts encounter financial decline when engaging with this provider. These products aren't fit for all clientele - thus, ensure a total understanding of potential risks and consider seeking advice from an independent source. CFD zetcasino-ca.com’s content serves strictly as references and should not be construed as financial or investment counsel. While we might receive compensation related to product reviews, you’re not charged extra for making use of our content or clicking through external links.