WikiFX Reviews HTFX in Depth

In this article, we'll look in-depth at HTFX, examining its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX aims to provide you with the information you need to make an informed decision about using this platform.

Background:

HTFX is an online forex and CFD broker with headquarters at Richmond Hill Road, Kingstown, St. Vincent and the Grenadines, with registration number 1659 BC.

Established in 2003, HTFX offers an array of trading instruments, including currency pairs, precious metals, energy, commodities, stocks, cryptocurrencies, and indices, ensuring a diversified and dynamic trading experience.

HTFX operates under Straight Through Processing (STP) license types, meaning its clients' orders are passed directly to the interbank market without any interference from HTFX itself.

In addition, HTFX offers a social trading service that can help money managers and professional traders improve their efficiency and profitability and generate passive income via copy-trading.

HTFX also offers an introducing broker (IB) program that allows individuals and businesses to earn commissions paid weekly by referring new clients to the company.

Types of Accounts:

HTFX offers three types of accounts, including the ECN account, Cent account, and Standard account.

The first account option, the ECN Account, mandates a minimum deposit of $500 and permits a minimum lot size of 0.01. This account offers a leverage level of 500 times with spreads starting from 0 pip. The commission charge is $7 per lot.

Secondly, the Cent Account is a commission-free account that mandates a minimum deposit of $50 and permits a minimum lot size of 0.01. This account offers a leverage level of 500 times with spreads starting from 1.5 pip.

Finally, the Standard Account is also a commission-free account that requires a minimum deposit of $50 and a minimum lot size of 0.01. Spreads begin from 1.5 pips while the maximum leverage level is 500 times.

Deposit and Withdrawals:

HTFX provides several payment options, including AliPay, Bankwire, Cryptocurrencies, Fasapay, Help2pay, Neteller, and Skrill.

HTFX does not charge a fee for the first three withdrawal requests each month. However, a fee is charged for each withdrawal request after the first three months. If there is no trading activity in the account, a $20 commission is charged on withdrawals.

Withdrawal requests submitted before 4:00 PM GMT+8 are processed the same day. Withdrawal requests submitted after 4:00 PM GMT+8 are processed the next business day. Currency exchange fees may be applied depending on the issuing bank.

Trading Platforms:

HTFX offers two of the most popular and renowned trading platforms in the world: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are known for their user-friendly interfaces, powerful charting tools, and wide range of features.

MT4 is the most popular trading platform in the world, and it is known for its ease of use and a wide range of features. MT4 offers a variety of charting tools, technical indicators, and automated trading capabilities. MT4 is also available for both desktop and mobile devices.

MT5 is the newer version of MT4, and it offers a number of additional features, such as a built-in economic calendar, a news feed, and a wider range of order types. MT5 is also available for both desktop and mobile devices.

Both MT4 and MT5 are excellent trading platforms and suitable for traders of all levels of experience. HTFX offers both platforms to its clients, giving them the flexibility to choose the platform that best suits their needs.

WikiFX verified the trading environment of HTFX and found that it is stable and reliable.

Research & Education:

HTFX offers traders an Economic Calendar, a useful tool that provides daily updates on market trends, alerts about market volatility, and notices about economic releases. This calendar helps traders stay informed about important events and economic indicators that can impact financial markets. Using the economic calendar, traders can make more informed and well-timed trading decisions based on fundamental data and market developments. It's a practical resource to plan and execute trading strategies effectively.

However, compared with its industry peers, the educational resources offered by HTFX are relatively limited.

Customer Service:

HTFX offers customer service support in various foreign languages, such as Vietnamese, Mandarin, Spanish, Portuguese, and more. Trading clients can reach HTFX through the live chat messenger application on its official website or at support@htfx.com. Alternatively, trading clients can fill in the enquiry form and wait for a reply from the representative of HTFX.

Conclusion:

To summarize, here‘s WikiFX’s final verdict:

WikiFX, a global forex broker regulatory platform, has given HTFX a WikiScore of 7.62 out of 10, indicating that it is a reasonably reliable broker in the forex trading industry.

Upon examining HTFXs licenses, WikiFX found that HTFX is indeed regulated by both FCA and CySEC.