HFTrading (formerly MahiFX) is a multi-asset retail Forex CFD (contract for difference) brokerage firm that has its home base in New Zealand, with another registered office located in neighbouring Australia.
With an Australian Financial Services License (AFSL), HFTrading can deliver trustworthy trading services for users with any level of expertise and is regulated by the New Zealand Financial Markets Authority (NZFMA), as well as the Australian Securities and Investments Commission (ASIC).
HFTrading provides competitive spreads, but they differ based on the account level you choose. A Silver-level account (recommended for trading novices) offers 0.07 minimum spreads, the Gold account (recommended for advanced traders) offers 0.05 minimum spreads. In contrast, the highest-tier Platinum account (designed for pro-level traders) delivers the 0.03 minimum spreads that are advertised on their main page.
All accounts are commission-free and have options for interest-free Islamic accounts that comply with Sharia law, making HFTrading a brokerage that is Muslim-friendly.
HFTrading has a robust education centre that gives traders a vast array of useful guides, articles, tutorials, videos and a plethora of other resources to assist users in achieving the most fulfilling trading experience possible. These materials can be easily accessed and offer something of value for all levels of trader.
HFTrading accounts have minimum opening deposits of A$250, so you need to be prepared to have some skin in the game from the start. The Silver account provides max leverage of 1:30, while the Gold and Platinum accounts both provide users with 1:400/1:500 max leverage, giving a wide range of choice for more experienced traders.
HFtrading has an impressive array of trading options for their users, with the brokerage firm offering over 750 assets including minor, major and exotic crosses for Forex currency pairs. This wide array of options means that there is a lot of choices to satisfy every type of trader who wants to build a diverse portfolio but needs to be approached cautiously by newcomers.
HFTrading is notable for having a dedicated customer support team that helps to assist veterans and newcomers alike along their trading journey and throughout their engagement with different aspects of the platform. All questions are answered quickly and politely by their knowledgeable team and have been well-reviewed by satisfied users.
To summarise, HFTrading, while a relative newcomer to the scene, has a remarkably generous range of trading products and supporting services that give almost any type of trader a considerable variety of flexibility. The firm has been able to provide active forex traders with a fulfilling trading experience with competitive spreads and advanced automated algorithmic trading tools.
For New Zealand and Australian residents wanting to get started in CFD Forex, or expand their portfolio with a new broker, HFTrading is a highly competitive choice. Their extensive range of educational tools and excellent customer support make them even more suitable for those who want to get their start in trading and minimise their risk as much as possible.
FX Empire Reviews:
’’Great broker. It offers great opportunities for both a novice broker and an experienced one. I am very pleased with the work of HFTrading. If it were possible to communicate with managers in some messengers, then it would be great.” – Woong Park
Forex Peace Army Reviews:
“I’ve used MahiFX’s platform for several months now and I was surprised to read some of the reviews on this page. I would definitely recommend using them. They offer impressively tight spreads, an intuitive platform, and when I was unsure of a particular, they responded to my email within a couple of hours and were very polite and helpful. All in all, a good, trustworthy broker.” – Jonathon Roberts
*reviews were selected
Samantha is the head of content and politics columnist for Best in Australia. Prior to joining the Best in Au, she was a court and crime reporter at SM.