General Information & Regulation of HFX
HFX is an online trading service provider based in Indonesia whose goal is to provide traders with the best trading conditions by allowing them unlimited access to liquidity, low spreads, and a wide range of products and services. 2006).
Safety Analysis of HFX
BAPPPEBTI in Indonesia is responsible for regulating the futures trading activities in Indonesia, including foreign exchange trading, exchanges, clearing agencies, and local brokers are also regulated by BAPPPEBTI. Under the management of the Indonesian Ministry of Trade, BAPPPEBTI has also established links with local banks, the national police, and other legal institutions so that the safety of investors' funds and trading activities on the HFX platform can be protected to a certain extent.
Market Instruments
HFX offers traders a wide range of financial products, mainly popular currency pairs, indices, metals, and energy in the Forex market.
Accounts & Leverage of HFX
HFX offers investors four types of accounts: Micro (minimum deposit of $100), Mini Classic (minimum deposit of $100), Classic (minimum deposit of $5,000), and Premium (minimum deposit of $5,000). The maximum trading leverage is 1:100 for Micro and Mini accounts and 1:50 for Classic and Premium accounts.
Spreads & Commissions of HFX
Typical spreads are 0.3 pips for EURUSD, 0.7 pips for EURGBP, 0.8 pips for EURCHF, and 0.5 pips for GBPUSD. The spread for the US 30 index is 3.4 pips, and the spread for the US 500 index is 0.2 pips.
Trading Platforms
HFX offers traders the most popular MT4 trading platform in the market, with HFX Android, HFX iPhone, and HFX iPAD trading systems to meet the different needs of our users.
Deposit and Withdrawal of HFX
HFX supports traders to make deposits to their accounts via wire transfer with a minimum amount of $100; HFX requires a minimum withdrawal amount of $5 is, with a processing time of 1 business day and withdrawal fees depending on the bank.
Pros & Cons of HFX
The main advantages of HFX are:
1. BAPPEBTI regulation
2. Competitive spreads
3. Multiple trading platform options
4. Four account types to choose from
The main disadvantages of HFX are:
1. One way to funds only