HFTrading is operated by CTRL Investments Limited. CTRL Investments Limited is a New Zealand incorporated company that is authorised and regulated by the New Zealand Financial Markets Authority (FMA) and the Australian Securities and Investments Commission (ASICS) under reference number 414198.
Customers can trade over 350 financial instruments including currency pairs, indices, commodities, shares and cryptocurrencies. The trading platform that HFTrading’s clients can use is the MetaTrader version 4. MT4 gains popularity among million traders of all levels worldwide due to its simple yet comprehensible interface and built-in tools. MetaTrader 4 terminal allows clients to view price movements, analyze markets or use automated trading. A web-based version and a mobile application are also available.
HFTrading provides three types of accounts, so that both beginners and more experienced traders are likely to find the right one. The Silver account is intended for novice traders. They can deal with more than 300 assets and the spread of majors starts at 1.8 pips. The leverage can be up to 1:200. The Gold account is adjusted to advanced traders. They’ll get a dedicated account manager and educational webinars. The leverage can be lifted to 1:400 and the swap rates are reduced by 25%. The company also offers a Platinum account for professional traders who can take advantage of a leverage of up to 1: 500 and a 50% discount on swaps.
There are various forms of payment, including bank transfer, debit/credit cards, Skrill and Neteller. HFTrading claims there are no fees on deposits. There is no information about the minimum deposit requirements.
The Education menu contains videos on demand, eBooks, some Tutorials and a third-party Economic calendar.
Let’s see what legal documents say. The ‘Hedging Policy’ document informs that CTRL’s current hedging counterparty is CTRL Capital Limited (CTRL Capital). The company hedges all positions by opening a back-to-back transaction (an equal and opposite reciprocal transaction) with CTRL Capital. We can conclude that HFTrading acts as a Straight Through Processing (STP) broker, but all client orders are transferred to a subsidiary so that a conflict of interest may arise. The ‘Product Disclosure Statement’ informs about possible slippage, which means stop loss orders can be filled at the next available price. We were unable to find any information related to negative balance protection, so we just assume that as a broker regulated by the ASICS, this feature is built in.
In general, HFTrading is a licensed and regulated brokerage company that offers the industry-standard online trading platform – MetaTrader 4. The potential leverage here can be lifted well above the requirements of EU regulated companies, but keep in mind that the higher the leverage, the greater the risk of complete loss.