Overview of HTFX
HTFX is a well-established forex broker based in the UK, regulated by both FCA and CySEC. With a minimum deposit of $50 and maximum leverage of 1:500, it offers competitive spreads starting from 0 pips.
Traders can access MetaTrader4 (MT4) and MetaTrader5 (MT5) platforms, trading various assets like Fx, metals, commodities, cryptocurrencies, and stocks. HTFX provides Standard, Cent, and ECN account types, along with a demo account option.
Customer support is available via email and a website request form. Deposits and withdrawals can be made through Tether, Skrill, Bank Transfer, Bitcoin, Fasapay, and Neteller. Traders also benefit from educational resources like the Economic Calendar.
Pros & Cons
HTFX, as a regulated forex broker under the supervision of both the Financial Conduct Authority (FCA) in the United Kingdom and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, offers several advantages. It provides a low minimum deposit of $50, competitive maximum leverage of up to 1:500, and tight spreads starting from 0 pips.
Traders can access the popular MetaTrader 4 and MetaTrader5 platforms, and choose from a variety of tradable assets. The broker offers three account types to cater to different trader preferences, along with a demo account for practice. Additionally, HTFX provides responsive customer support and multiple deposit and withdrawal options.
However, their VFSC is offshore regulated and the channels of customer support is a limitation.
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, ensuring transparency and efficient order execution for its clients. 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.
Market Instruments
HTFX offers a diverse range of trading products to its clients, including:
Forex: Access to a wide selection of currency pairs, allowing traders to participate in the foreign exchange market and trade the value of one currency against another.
Metals: The opportunity to trade precious metals like gold, silver, platinum, and palladium. These metals are often considered safe-haven assets and can be used for diversification purposes.
Commodities: Engage in trading various commodities such as crude oil, natural gas, agricultural products, and more. These commodities offer exposure to global economic trends and geopolitical developments.
Indices: Access to major stock market indices from around the world, enabling traders to speculate on the overall performance of specific stock markets.
Energy: Trade energy products like crude oil and natural gas, which are heavily influenced by supply and demand dynamics and geopolitical factors.
Cryptocurrencies: The opportunity to trade popular cryptocurrencies like Bitcoin, Ethereum, Ripple, and others. Cryptocurrencies are known for their high volatility, providing potential for substantial price movements.
Stocks: Access to a diverse range of individual company stocks, allowing traders to invest in specific companies and participate in their performance in the financial markets.
Account Types
HTFX offers three types of trading accounts to cater to different trader preferences.
The STANDARD ACCOUNT requires a starting deposit of $50 and provides access to a wide range of trading instruments, including Fx, Metals, Commodities, Indices, Energy, Cryptocurrencies, and Stocks. Traders can use Expert Advisors (EAs) and trade with leverage of up to 1:500. The account features overnight swap fees, but there are no commissions, and the spreads start from 1.5 pips.
For traders looking for smaller starting deposits, the CENT ACCOUNT also requires $50 to begin trading. It offers similar features to the Standard Account, including access to Fx and Metals instruments, the option to use EAs, and leverage of up to 1:500. The account also incurs overnight swap fees, but like the Standard Account, there are no commissions charged, and spreads start from 1.5 pips.
For those seeking a more advanced trading experience, the ECN ACCOUNT requires a higher starting deposit of $500. It grants access to a broader range of instruments, including Fx, Metals, Commodities, Indices, Energy, Cryptocurrencies, and Stocks. Traders can utilize EAs and enjoy the benefit of tighter spreads starting from 0 pips. However, this account does have a commission of $7 per lot traded. Similar to the other accounts, the ECN ACCOUNT has a leverage of up to 1:500 and incurs overnight swap fees.
How to Open an Account？
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.
Leverage
HTFX offers a maximum leverage of up to 1:500. This generous leverage allows traders to control larger positions with a relatively smaller amount of capital. However, it is essential for traders to exercise caution and carefully consider their risk tolerance, as higher leverage also amplifies potential losses. Traders should use leverage responsibly and implement risk management strategies to protect their capital during trading activities.
Spreads & Commissions
HTFX provides competitive spreads starting from 0 pips for certain account types, allowing traders to access favorable pricing in the forex market. Additionally, the broker offers commission-free trading for its Standard and Cent accounts. However, for traders using the ECN account, there is a commission of $7 per lot traded. The tight spreads and commission structure aim to offer cost-effective trading conditions for clients while providing transparency in trading costs.
Trading Platforms
HTFX offers its clients access to two popular and widely-used trading platforms, MetaTrader4 (MT4) and MetaTrader5 (MT5). Traders can access these platforms on both Windows desktop and iPhone mobile devices. To download the mobile app, users can simply scan the provided QR code or download the APK file.
MetaTrader4 (MT4) is a powerful and user-friendly platform that allows traders to execute trades, analyze the markets, and implement various trading strategies. With a range of technical indicators and charting tools, traders can conduct in-depth market analysis and make informed trading decisions.
MetaTrader5 (MT5) is an advanced platform that builds upon the features of MT4, providing additional capabilities, such as access to more financial instruments and improved order execution. This platform caters to the needs of experienced traders who seek more complex trading functionalities.
Deposit & Withdrawal
HTFX offers a variety of payment methods, including Tether, Skrill, bank transfer, Bitcoin, Fasapay, and Neteller. These options provide flexibility and convenience for clients to fund their trading accounts securely and efficiently.
Customer Support
If you have any questions or concerns, HTFX provides dedicated customer support to assist you. You can reach out to them by live chat or sending an email to support@htfx.com.
Alternatively, you can submit your request, and the team will get in touch with you. To do so, provide your name, email, phone number, and details of your enquiry.
FAQs
Question: What regulatory agencies oversee HTFX？
Answer: 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).
Question: Can I trade demo with HTFX？
Answer: Yes.
Question: What is the minimum deposit required to open an account with HTFX？
Answer: $50.
Question: Does HTFX offer the leading MT4 and MT5？
Answer: Yes. Both MT4 and MT5 are available.
Question: At HTFX, are there any regional restrictions for traders？
Answer: 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.
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