Halifax Review
What's Halifax?
Halifax is an Australian company that has offices in Sydney and Melbourne. It also has Southport, New Zealand, and New Zealand. (See Forex Brokers who accept US Residents). The broker created a stable market offering by establishing long-term partnerships and building mutually beneficial relationships.
Halifax has over 35,000 customers. The offering offers very competitive clearing fees in the market and superior customer service.
Market range includes international Equities, Futures, Options, Forex, and CFDs. The market range is provided with quotes from many liquidity providers. Interactive Brokers is a partner of The Halifax, which allows for instant access to the most relevant quotes and quick execution.
Broker: Halifax
Minimum deposit: 0 US$
Leverage: 1:500
Regulator: ASIC
Year: 2014
Platforms: Mt4, MT5, TWS
HQ: Australia
Halifax Licenses
Halifax Investment Services Pty Ltd ("Halifax") - authorized byASIC (Australia)registration no. AFSL 225 973 for administration
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Overview
The foundations of any brokerage firm are education and support. However, education and support can be a valuable investment for anyone. Halifax offers education and support. You can also rely on Halifax for quality support and materials.
Clients can get ongoing support and coaching after the trading session, or even during trading. This will help them improve their trading skills and increase their confidence. The company offers straight, simple, or complex strategies that have high potential.
Pros
Low fees
Good options for deposit/withdrawal
Quick and easy account opening
Cons
Weak product selection
Very poor customer service
No mobile or desktop platforms
Rating of the company overall
Reliability ⭐⭐⭐⭐
Platform ⭐⭐⭐⭐
Commissions ⭐⭐⭐⭐
Support ⭐⭐⭐⭐⭐
Financial instruments ⭐⭐⭐⭐
RATING: 4.3
Is Halifax a safe place to shop or a fraud?
As an Australian-based company, Halifax is registered and operated in full compliance with local and international laws. This is under the Australian Financial Services Licence. It is also supervised by ASIC (Australian Securities Investments Commission). The company is also registered with established and globally recognized businesses.
Halifax New Zealand Limited is a registered New Zealand Financial Services Provider with the Financial Markets Authority.
Halifax America LLC is registered with Financial Industry Regulatory Authority, Financial Industry Regulatory Authority (FINRA), Securities Exchange Commission(SEC) and National Futures Association.
The company ensures that clients are protected according to all regulations and requirements. All client funds must be kept in separate bank accounts. The firm should also maintain a certain capital for its own operations to ensure a long-term outlook.
Trading Platforms
The broker offers the best trading platform, which has been awarded for its excellence. It is designed for beginners or advanced traders. Three platforms have been developed to make it easier for intermediate and advanced traders.
Each platform offers a variety of options to suit your needs. The trader can also use Android, Tablet, or Smartphone via installed or web versions.
The broker was able to maintain one of the fastest account openings through the Rapid Account Opening ProcessTM. Clients can open accounts with zero balance, start with Demo platforms and even have a few accounts that they are not required to trade.
Halifax Pro uses MetaTrader4 technology which is the most popular choice for traders around the world. The Halifax software has been enhanced to include trading capabilities, unique trading instruments, and the availability of strategies that use the technical indicators. It also offers a one-click trading platform. Trades are allowed without restrictions. The spreads offered by the traders are tight and variable at approximately 1 pips per EUR/USD, with leverage of up to 1:500.
- Halifax Plus, a global platform built on MetaTrader5. It allows you to trade FX, CFDs Precious metals, Indices and Forex. It also has access to technical analysis tools that include 50 indicators, extensive monitoring, and analysis options. The platform can be accessed via multiple devices and there are no fees.
- Halifax Trader Work Station, (TWS), designed for advanced traders and allows you to trade Stocks and Futures on 80+ markets. This option allows you to benefit from all the features of the trading account that is linked to your paper trading account. The platform allows for sophisticated, but with risk management, trading via rich applications. It also offers flexibility to personalize the environment.
The platform offers many benefits in account management, including no minimum account opening. The platform's workspace allows for order monitoring, monitoring, and management. This improves trading styles efficiency.
Withdrawal and Deposit Methods
You have many options for funding Live trading. Some even allow you to trade the same day. There are four ways to fund your account at Halifax: Bank Deposit, Electronic Transfer or Cheque. The company does not charge any fees for withdrawals or deposits. However, the client should verify with the relevant local institution if there are any processing fees. The client can withdraw funds at any moment by simply completing the redemptions form.
Conclusion
The Halifax review revealed that the broker works hard to provide a smooth trading environment for their clients. The strict regulations of Halifax and its registration in different jurisdictions ensure that traders have a safe trading environment that complies with international standards. Interbrokers is a partner that allows clients to get competitive asset quotes across a wide range of platforms. Trades can be done by traders of all types and sizes. There is no minimum account size, nor any balance, and the options are endless.
Important Updates since November 23, 2018:
According to current company news, the Halifax Investment Service has been tipped into external admin.Traders of Halifax state that their accounts have been frozen and withdrawals are not possible. Clients, traders and investors will be kept informed of any developments.
Do not currently sign in with any proposal that is under the name of Halifax. The risks are too high. Traders can use an Australian broker like FP Markets or Go Markets.