HFX

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

HFX, a trading name of PT. HFX Internasional Berjangka, 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. HFX utilizes the popular MetaTrader 4 (MT4) trading platform, which is known for its robust features and extensive trading tools. The broker offers leverage options of up to 1:500 for metals and energies, and up to 1:200 for forex trading. They provide low spreads on different currency pairs and indices, although specific spreads vary depending on the account type.

HFX facilitates deposits through wire transfers, with a minimum deposit requirement of $100. Withdrawals can be requested, and the processing time is typically 1 business day. However, withdrawal fees may apply, and the exact fee structure is not specified. The broker offers customer support through multiple channels, including telephone, email, and live chat.

Reviews on WikiFX about HFX are mixed, with some traders expressing satisfaction with low spreads, a wide range of tradable instruments, and fast deposits and withdrawals. However, concerns have been raised about the limited deposit options and high trading fees. It is advisable for potential traders to conduct further research and consider all aspects before making a decision.

Here is the home page of this brokers official site:

Is HFX Legit？

Based on the information provided, it appears that PT. HFX Internasional Berjangka (formerly known as PT. Fortis Asia Futures) is regulated by the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) under the Ministry of Trade in Indonesia. They hold a Retail Forex License with license number 877/BAPPEBTI/SI/1/2006.

The regulatory agency, BAPPEBTI, oversees and regulates commodity futures trading in Indonesia. As a licensed institution, PT. HFX Internasional Berjangka is subject to the regulations and guidelines set forth by BAPPEBTI to ensure compliance and protect the interests of investors.

The provided address for PT. HFX Internasional Berjangka is APL Tower Lantai 16 No TO2, Jalan Letjen S Parman Kav 28, Jakarta Barat, GROGOL GROGOL PETAMBURAN, Jakarta Barat, DKI Jakarta 11470. Their phone number is 021-29337651, and their email address is hfxinternasional@gmail.com.

Market Instruments

HFX offers traders a wide range of financial products, mainly popular currency pairs, indices, metals, and energy in the Forex market.

Currency Pairs:

HFX provides access to a variety of currency pairs, allowing traders to participate in the foreign exchange market. Currency pairs include major pairs such as EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic pairs. Traders can take advantage of fluctuations in exchange rates between different currencies to potentially profit from their trades.

Indices:

HFX offers trading on various stock market indices, representing a basket of stocks from specific regions or sectors. Traders can speculate on the overall performance of an index, such as the S&P 500 or the FTSE 100, without the need to trade individual stocks. This allows for diversification and exposure to broader market trends.

Metals:

Traders on HFX have the opportunity to trade precious metals like gold and silver. Precious metals are often sought after as a safe haven during times of market volatility or economic uncertainty. Trading metals can provide a way to hedge against inflation or diversify an investment portfolio.

Energy:

HFX offers energy trading, allowing traders to participate in the price movements of commodities like crude oil and natural gas. Energy markets can be influenced by various factors, including geopolitical events and supply and demand dynamics. Trading energy products provides opportunities to profit from these fluctuations.

Pros and Cons

Account Types

Apart from demo accounts, HFX offers investors four types of live 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.

Micro Account:

The Micro Account offered by HFX requires a minimum deposit of $100. It is suitable for investors who want to start with a smaller capital. The maximum trading leverage for Micro accounts is 1:100, allowing traders to amplify their trading positions.

Mini Classic Account:

The Mini Classic Account also requires a minimum deposit of $100. It provides a slightly higher trading leverage compared to the Micro Account, with a maximum of 1:100. This account type is suitable for traders who prefer a smaller initial investment but still want the benefits of increased leverage.

Classic Account:

The Classic Account is designed for traders who are willing to deposit a minimum of $5,000. With this account, traders have access to a higher maximum trading leverage of 1:50. The Classic Account offers more advanced features and benefits compared to the Micro and Mini Classic Accounts.

Premium Account:

The Premium Account is the highest-tier account offered by HFX, requiring a minimum deposit of $5,000. It provides the same maximum trading leverage of 1:50 as the Classic Account. The Premium Account offers additional premium features and benefits, catering to more experienced and high-volume traders.

Pros and Cons

Leverage

The maximum leverage is 1:500 for metals and energies, and 1:200 for forex trading. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

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 Platform

HFX provides its traders with the widely recognized and highly popular MetaTrader 4 (MT4) trading platform. This platform is renowned for its advanced features, user-friendly interface, and extensive range of trading tools. HFX understands the diverse requirements of its users and offers multiple trading systems to cater to their specific preferences. These systems include HFX Android, HFX iPhone Trader, and HFX iPad Trader, ensuring compatibility and accessibility across various devices.

Pros and Cons

Spreads

HFX offers spreads on various currency pairs and indices. The spreads for currency pairs such as EURUSD, EURGBP, EURCHF, and GBPUSD range from 0.3 pips to 0.8 pips. When trading the US 30 index, the spread is 3.4 pips, while for the US 500 index, it is 0.2 pips.

For different account types, HFX specifies the minimum spreads. In the Mini Classic account, spreads start from 1 pip. In the Mini account, spreads start from 0 pip. In the Classic account, spreads start from 1 pip, and in the Premium account, spreads start from 0 pip.

Deposit & Withdrawal

HFX provides options for traders to deposit funds into their accounts through wire transfers. The minimum deposit amount required by HFX is $100, allowing traders to start their trading activities with a manageable initial investment.

When it comes to withdrawals, HFX has set a minimum withdrawal amount of $5. Traders can request withdrawals, and the processing time for these requests is typically 1 business day. However, it's important to note that the specific processing time may vary depending on various factors.

It is worth noting that HFX applies withdrawal fees that are dependent on the specific bank used for the transaction. The exact fee structure is not specified, so traders should review the terms and conditions or contact HFX directly to obtain accurate information regarding the applicable fees.

Customer Support

HFXs customer support can be reached by telephone: +6221-2933-7651, email: support@hfx.co.id or live chat. You can also follow this broker on social networks such as Twitter, Facebook and LinkedIn. Company address: APL Tower Central Park Mall Lantai 16 No. T2 Jl. Let.Jend S.Parman Kav 28 Jakarta Barat 11470 Indonesia.

HFX provides customer support through multiple channels, including telephone (+6221-2933-7651), email (support@hfx.co.id), and live chat. They are also active on social media platforms such as Facebook, Instagram, and LinkedIn. These communication options allow customers to easily reach out and receive assistance.

Reviews

There are mixed reviews about HFX on WikiFX. Some traders express satisfaction with the broker, mentioning low spreads, a wide range of tradable instruments, fast deposits and withdrawals, and the availability of the MT4 platform. However, a common concern is the limited options for depositing money. One user specifically mentions the positive trading experience and profitability with the Micro account. Another user asks for feedback from others who have traded with HFX, particularly regarding the real trading fees. Additionally, there is a comment highlighting the legitimacy and responsiveness of the company. On the other hand, one review points out that trading fees on the platform are high and suggests exploring better alternatives.

Conclusion

In conclusion, PT. HFX Internasional Berjangka is a regulated broker under the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) in Indonesia. They hold a Retail Forex License and offer a diverse range of market instruments, including currency pairs, indices, metals, and energy products. The broker provides various account types to cater to different trading preferences, with different leverage options available. HFX utilizes the popular MetaTrader 4 (MT4) trading platform, which offers advanced features and a range of trading tools. They have customer support available through multiple channels. Reviews on WikiFX have mixed opinions, with some traders expressing satisfaction with low spreads and fast transactions, while others mention concerns about limited deposit options and high trading fees.

Frequently Asked Questions (FAQs)