HTFX Overview
HTFX, founded in 2018 and registered in Vanuatu, is regulated by the FCA, CySEC, and VFSC (Offshore). It offers trading in Forex, Commodities, Stocks, Indices, and Cryptocurrencies with account types including STP Standard, Cent, and ECN.
The broker provides leverage up to 500:1, spreads from 0.0 pips, and supports MT4, MT5, and HTFX Web Trader platforms. Minimum deposit is $50, with various deposit/withdrawal options such as Tether, ALIPAY, and Credit Cards.
Is HTFX Legit?
HTFX is a regulated forex broker, supervised by two regulatory agencies: the Financial Conduct Authority (FCA) in the United Kingdom and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus. The broker operates under Straight Through Processing (STP) license types. HTFX's FCA license number is 822279, while its CySEC license number is 332/17.
Additionally, HTFX holds an offshore license from the Vanuatu Financial Services Commission (VFSC), which, while less stringent than FCA or CySEC, still provides a regulatory framework.
Being regulated by these reputable authorities signifies compliance with stringent financial and operational standards, providing traders with a level of confidence and security in their trading activities with HTFX.
Pros and Cons
Trading Products
Account Types
Leverage
HTFX provides a dynamic range of leverage options tailored to various trading preferences and risk appetites, catering specifically to the asset being traded.
Spreads & Commissions
HTFX offers a structured approach to spreads and commissions that caters to the needs of different types of traders through its varied account options.
For those using the Cent and Standard accounts, HTFX provides a spread starting from 1.4 pips, with no commission charges, making these accounts ideal for newcomers or those who prefer straightforward trading costs.
In contrast, the ECN account is tailored for more experienced traders who can handle tighter spreads and are looking for more direct market access. This account offers spreads from as low as 0.0 pips, which can significantly enhance trading efficiency by reducing the cost of trading on price movements. However, this benefit comes with a commission cost of $7 per lot, which compensates for the ultra-low spread environment and is typical for ECN accounts that provide closer to market prices.
How to Open an Account?
Opening an account with HTFX is a straightforward and efficient process designed to quickly integrate new users into the trading platform. To open an account with HTFX, follow these general steps:
- Visit HTFX's official website: Go to the HTFX website using a web browser.
- Account Registration: Click the “Register” button on the homepage and start the account registration process.
- Fill out the Registration Form: Complete the required registration form with your personal information, including your country, email address, password, name, and phone number.
Make sure that you have read the Conflict of Interest Policy, Order Execution Policy, Private Policy, Risk Disclosure, Terms & Condition, and then click the “Register” button.
Trading Platform
Payment Methods
HTFX offers a wide range of efficient payment methods to satisfy its clients' needs. The available payment channels include:
- Tether
- ALIPAY
- RediPay
- THAI QR
- RPNpay
- Help 2 Pay
- Credit Cards (CC)
- ChipPay
- Teleport
- PAYOK
Copy Trade & PAMM
HTFX provides innovative trading solutions such as Copy Trade and PAMM (Percentage Allocation Management Module), catering to a diverse range of traders with varying levels of expertise and commitment.
The Copy Trade service allows less experienced traders or those with limited time to automatically replicate the trades of more seasoned traders. This feature not only simplifies the trading process but also provides an opportunity to learn from successful strategies.
On the other hand, the PAMM service is designed for investors interested in having their funds managed by professional traders. This system pools money from multiple investors into a single managed account, traded by a skilled manager who allocates gains, losses, and fees according to each investors share in the pool.
Both services offer robust platforms for those looking to either tap into the expertise of others or invest in a managed portfolio, thus broadening the scope of investment opportunities available through HTFX.
Customer Support
HTFX is committed to providing exceptional customer support, ensuring that traders can access assistance and resolve any issues swiftly and efficiently. Traders can reach out to HTFX through multiple channels: a dedicated contact form on their website, by phone at +678 29816, or via email at support@htfx.com for more detailed inquiries. The broker's physical presence is established with an office located at 2 Floor, ZEO Building, Freshwater 1, Port Vila, Vanuatu, offering a tangible location for official matters.
Additionally, HTFX maintains a strong online presence on several social media platforms including Facebook, Twitter, YouTube, and Instagram. This multi-channel approach not only facilitates easy communication but also allows HTFX to engage with their clients regularly and provide timely updates and helpful information across various platforms.
FAQs
What regulatory agencies oversee HTFX?
HTFX is regulated by the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and offshore regulated by Vanuatu Financial Services Commission (VFSC).
Can I trade demo with HTFX?
Yes. Demo accounts are available on the HTFX.
What is the minimum deposit required to open an account with HTFX?
$50.
At HTFX, are there any regional restrictions for traders?
Yes. HTFX does not provide services to citizens/residents of Belarus, Crimea, Cuba, Iran, Iraq, Japan, North Korea, Russia, Sudan, Syria, Turkey, United States of America, and Ukraine.
2024-11-15 22:48
2024-05-31 16:01