Halifax NZ Review – is Halifax NZ Scam or Legit Broker?

Halifax

2.2

Rating

2.2/5

Pros

  • Fully controlled across several authorities
  • Demo trading balances
  • MetaTrader 4 along with MetaTrader 5
  • Comprehensive educational program
  • Thousands of fiscal tools

Cons

  • No promotional or bonuses supplies
  • Live service available during restricted hours
  • No US traders

Halifax is a New Zealand-based Forex brokerage trading since Halifax New Zealand Limited FSPR 146605. This reduction Forex brokerage provides all of its services online and the essential technology and support to satisfy your investment objectives at competitive store amounts. The assortment of financial tools to be found on the trading platform comprises CFDs, ETFs, Forex, options, stocks, as well as futures.
The worldwide marketplaces in Halifax comprise 9,000 contracts for gap, 3 6 share trades, 19,000 stocks, 200 futures trades, along with 179 FX pairs. The trading programs offer you a pair of resources and tools created to present real store requirements direct from the web browser. These instruments are available through TWS WebTrader and also the Halifax Trader Workstation. Mobile trading functionality is offered by Halifax, such as iOS along with Android apparatus.

Overview/ desktop

Halifax brings its own vision and culture into the Forex trading world. According to New Zealand this brokerage provides dedicated account managers to help direct traders throughout the platform with stage walkthroughs, CFD and Forex trading classes, and also 100% risk-free demonstration trading activity. There is an assortment of webinars and workshops offered to help enhance your understanding of their economic marketplaces.

Halifax New Zealand LTD is primarily a Forex CFD and share brokerage with its own Most Important offices in Wellington NZ, also Auckland NZ. The folks behind Halifax have extensive knowledge in global stocks marketplaces, share marketplaces, and finance administration. Vital personnel in the company comprise CEO Andrew Gibbs, compliance director Tracy Gibson, accounts managers Roger Barley along with Robert Lean.

Account Types

The practice of requesting a brand new account in Halifax is 100 percent free. Customers just will need to pick from the open accounts options, complete the forms and also have their ID affirmed. To obtain going, traders must put in their own details, and pick the financial tools they want to trade. It’s vital that you pick the ideal trading platform to pinpoint what your accounts demands will probably be. You will find derivative products including options, futures, CFDs, and Forex, also you can find non-derivative goods like stocks, money conversions, commodities, bonds, and exchange-traded funds.

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We saw two key kinds of accounts offered by Halifax: live reports and demonstration accounts. With the live accounts, customers have to maintain adequate funds to pay the margin to get his or her trading activities. The favorite balance is $5,000 at minimum constantly. The accounts opening page offers more details about the best way best to enroll an account. The demonstration account option is an excellent method to trade under real store requirements at no risk. The demonstration accounts are totally free to enroll for and lets you trade with virtual currency. Once more, you will find just 3 userfriendly trading platforms offered and also customers must choose a stage to start out trading.

Trading Platform/ applications

The accounts selection procedure requires customers to select their favorite stage. A variety of options are available for example Trader Workstation (Forex & CFDs, options, indices, bonds, Exchange Traded Funds, shares ( and futures), Halifax Plus – MT5 (this all-encompassing platform is made for customers planning to trade energy and bonds, contracts for difference (CFDs), metals, and money pairs, along with indices). Other options contain Halifax Pro – MT 4. MetaTrader 4 will be your universe ‘s top platform for Forex trading. It supplies a vast selection of automated binary options, live charting features and functionality, rapid executions of trades, plus much more. MetaTrader 4 is ideally suitable for Forex traders.

Deposit options

Once you’re all set to deposit into your live trading account, you will need to select your preferred financing procedure. The course of action is a bit different at Halifax, after all, customers must complete a questionnaire to check their Halifax accounts email. You need to enter your telephone number and email before financing your accounts. Payments that are produced from New Zealand and Australia during business hours may need approximately half an hour to process. Otherwise, it may consider a company day to obtain payment processed. Deposit options contain China Transfer, bank transfer note, card obligations, along with POLi Bank payments.

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Markets

The assortment of marketplaces offered in Halifax comprises Exchange Traded Funds (ETFs), Contracts for Difference (CFDs), money pairs, options, stocks, and futures. Every one of these marketplaces comprises multiple financial tools. These options is found:

Shares – trade stocks from indices around 14 states and 36 deals with dedicated account managers and car trading options.

Futures Trading – 200 futures contracts out of 2-2 imports globally such as currencies, bonds, agricultures, currencies, indices, and alloys.

Currencies – 160 currency pairs including majors, minors and exotic pairs. NZD/USD, GBP/USD, AUD/NZD, GBP/EUR etc.

Options Trading – interest rates, energy, indices, and shares.

CFDs – 9,000 CFDs across multiple businesses including commodities, indices, shares, and Forex.

ETFs – You will find a few 2,500 products, regional indicators, and business ETFs out there.

Each of those fiscal marketplaces is aimed towards several kinds of investors/traders. The investment horizon for most stocks could be that the short to longterm, futures medium-term, Forex short to medium-term, options short-term and CFDs short to medium-term. ETFs are advantageous to the short for the longterm. Stocks and ETFs are best for beginner traders, while stocks are far better suitable for intermediate traders, such as Forex and CFDs. The prices for stocks is the absolute minimum of $18.95 each trade, or 0.189 percent. For Forex, spreads out as little as 0.5 pips commission will be enforced.

Bonuses

At the right time of the review we were struggling to provide some promotional or bonuses supplies only at that brokerage. Customers are advised to get New Zealand support at 0800-557-777 to find additional info regarding any probable promotional or bonuses supplies they could have.

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Customer Support

Forex traders may get customer care through multiple stations. These range from the New Zealand cell phone number (0800-557-777), the global cell phone number ( 64-9-309-0088), and also email [emailprotected]. Customers may provide further assistance on Facebook, LinkedIn, and G . The FAQ (frequently demand questions) section offers useful details on a range of themes, including platforms, accounts and marketplaces, and solutions.

Safety

In relation to security and safety, Halifax New Zealand Limited is fully licensed and regulated using FSPR 146605. This provider is totally governed in various jurisdictions. Back in Australia goes on the name Halifax Investment Services PTY Limited and it is fully licensed by ASIC within AFS permit #225973. In New Zealand, It’s regulated by the Financial Markets Authority. In America, Halifax America LLC is governed by the CRD jurisdiction together with permit #172567. Halifax America LLC can also be filed with the Securities Exchange Commission (SEC 8-69511) with thing number 201405910183. The business is additionally governed by the National Futures Association using ID Number 047-9264.

Ease of Use

Halifax is not too difficult to browse, because of clearly demarcated segments such as trading, full-time, education, customers, and around us. The trading programs involve MetaTrader 4 and also MetaTrader 5, and now all these are the golden standard in Forex trading. For questions, questions or queries, customers might obtain in contact with support, but live-chat might not often be around.

Final Thoughts

We were impressed with all the selection of services supplied by Halifax. This New Zealand-based company provides comprehensive coverage of their economic marketplaces having a vast selection of tools, money pairs, commodities, shares, options, as well as alloys.

Internet Site:
www.halifaxonline.co.nz
Telephone:
0800 557 777
Legislation:
FMA
(New-Zealand)
Pairs provided:
160 currency pairs including majors, minors and exotic pairs. NZD/USD, GBP/USD, AUD/NZD, GBP/EUR and so on
Minimum Deposit:
$5,000
Spreads From:
1.7 PIPs
Max Leverage:
100:1
Markets:
Forex, options, CFDs, ETFs, futures contracts, stocks