HALIFAX

About company:

 

Halifax is an Australian broker offering a variety of trading instruments on different trading platforms.

 

The Halifax brand has several companies that are under regulation. The parent company is Halifax Investment Services Ltd. regulated by the Australian Securities and Investments Commission (ASIC).

 

There are a number of requirements for companies controlled by ASICs. Brokers must keep clients' funds in a special account, to which specialists do not have free access. This prevents the company from using traders' money for personal gain. In addition, the broker's minimum capital must be AUD $ 1 million. This ensures that the company has business prospects, and is not a one-day one, as most scammers cannot afford to set up firms with such capital.

 

To serve US customers, Halifax established Halifax America LLC, which is controlled by FINRA, SEC and NFA.

 

Minimum initial deposit

Halifax does not set a minimum deposit. So, the client can choose for himself how much he is willing to contribute. This is especially convenient for novice traders who are just learning to trade and are less willing to take risks than others.

 

Average spreads and commissions

Halifax offers floating spreads. The average spread for the EUR / USD pair is about 1 pip. This is a fairly competitive offer compared to other brokers.

 

Leverage

Halifax offers a maximum leverage of 1: 100 for currency trading. This level is suitable for all trading strategies. On the other hand, Forex brokers currently offer even higher leverage rates, for example 1: 500, which provides great trading opportunities.

 

Trading platforms

Halifax clients can trade on one of the following trading platforms: MetaTrader (4 and 5), Halifax Trader Work Station (TWS). If you are primarily focused on working with currency, then the choice is obvious. The MetaTrader4 terminal has become the choice of thousands of traders around the world due to its advanced charting capabilities combined with ease of use. MT4 is also suitable for professionals who have access to custom indicators and automated trading systems (experts).

 

Even if you are a fan of MetaTrader 4, we advise you to try trading on the fifth edition of this platform. Sooner or later, support for the old version will be discontinued, and then brokers will have to switch to MT5. These versions of popular software are quite similar. The biggest disadvantage of MT5 is that it does not currently support all indicators and not all robots. Over time, they will become available in the new version of the platform.

 

If you want to trade exchange-traded instruments such as stocks, ETFs, futures and options, then the TWS terminal is for you. It has impressive charting capabilities, multiple order types, and its own automated trading environment. This is one of the preferred options for investors looking to buy stocks and build a long-term diversified portfolio. It also has a mobile version.

 

Education

Halifax provides online and personal training. Seminars are conducted by successful Australian traders who work in modern markets.

 

Partnership

For those wishing to enter the brokerage market or those traders who want to have additional income, Halifax has developed an affiliate offer. It applies to trading stocks, options, futures, currencies, CFDs. With a broker, various services are available that allow you to promote a business partner in a short time and for a small budget.

 

additional services

In addition to brokerage services, the company carries out currency exchange. Moreover, all traders can exchange money, even those who do not work with the company. However, Halifax provides its clients with a special advantage - no commission fees on the exchange.

 

Ways of payment

Halifax only offers bank transfers and credit cards. Although many traders today choose electronic wallets such as Neteller or Skrill for making online transactions.

 

Support service

Customer support is available by phone 5 days a week on weekdays from 8:00 to 18:00 (AEST). The website has a section that provides answers to frequently asked questions and trading tips. You can also get help from one of the company's offices located in Sydney, Melbourne, Southport, New Zealand and the United States. All addresses and phone numbers are listed on the site.

 

Pros:

 

regulation in several countries; competitive spreads; a large selection of trading platforms and instruments.

 

Minuses:

 

incomplete information on trading conditions presented on the website; a small selection of payment methods.