Read Halifax review before you sign any activity and get to know more details about them
What is Halifax?
Halifax is an Australian company with maintained offices in Sydney, Melbourne, Southport, New Zealand and the United States. Through their long term partnership approaches, mutually beneficial relationships with clients, the broker brought a stable market offering through a range of solutions to institutional or retail execution. The customer base of Halifax excess 35,000 clients the offering brings very competitive clearing fees within the market along with the superior level of customer service.
The market range goes across asset classes of international Equities, Options, Futures, Forex and CFDs that are provided with quotes from numerous liquidity providers. The Halifax has a partnership with Interactive Brokers, that allows getting an instant access to the leading quotes and rapid execution.
As the good education and support are the cornerstones for any brokerage company, yet the priceless investment of any individual, the education and support is also available at Halifax. And not only exists but offers a quality support and material to rely on. After the trading session or upon the trading, the client can count on ongoing coaching and support that ensures trading skills and confidence. Either, in order to get the quality trading recommendations, there is no need to search far away, as the company provides straight, simple or sophisticated strategies with high potential to choose from.
Is Halifax safe or a scam?
Halifax as being an established Australian company is registered and operates with full compliance of local and international laws under the Australian Financial Services Licence and supervised by ASIC (Australian Securities Investments Commission). While there are also globally presented and established businesses, the company additionally registered and fall with the respective entities as per the domestic requirements.
Halifax America LLC – registered by Financial Industry Regulatory Authority and Financial Industry Regulatory Authority (FINRA), Securities Exchange Commission (SEC) and National Futures Association (NFA).
Due to the regulations and requirements of the financial services provider, the company provides a high level of the client protection. Specifically, all client funds are kept in segregated bank accounts at all times, the firm should maintain a certain capital amount for own operations and guarantee the long-term view.
Halifax Trading Platforms
Through award-winning trading platforms, the broker provides the utmost level trading environment that’s been designed for the beginner or advanced traders, or for intermediate to advanced through the development of three platforms. All platforms proposing and suiting one’s own needs, while the trader can use PC, Mac, Android, Tablet or Smartphone, via installed or Web versions. Moreover, the trading account is diverse by the choice of the platform also, means there is no complication to set an account, in addition, there is no minimum deposit requirement which is a great advance for beginners, or those who just joining the company.
Through the Rapid Account Opening Process TM, the broker maintained one of the fastest account openings within the offering. The client can open an account with zero balance and start with a Demo platform, while further even hold few accounts with no obligation to trade.
– Halifax Pro is developed on MetaTrader4 technology, which is the leading choice of traders worldwide. Nevertheless, the Halifax enhanced software by the trading capabilities, ability to trade among the most used or unique instruments and availability of strategies with the technical indicators among the best in the industry and one-click trading solution. There is no implemented restriction to trade, the traders enjoy tight, variable spreads offering at around 1 pips for EUR/USD and leverage up to 1:500.
– Halifax Plus is a globally presented platform on the base of MetaTrader5, with access to trade FX, CFD’s Precious metals and Indices, that equipped with technical analysis tools with 50 indicators, comprehensive monitoring and analysis options. Also, there is no fees or minimum account size, while the platform is accessible through multiple devices.
– Halifax Trader Work Station (TWS) designed for more advanced traders and allows trading Stocks, Futures and Options on 80+ markets. In this option, the trading account linked to the paper trading account, which allows benefiting from the full range of features. The platform enables developed, yet with risk management, trading through rich applications and built flexibility to customize the environment. Same, there is no minimum account opening and numerous advances in terms of account management. The platform’s workspace puts order analytics, monitoring and management at the fingertips that enhances the efficiency of trading styles.
Halifax Deposit and Withdrawal Methods
There are many funding options available to start Live trading, while some allow the trading same day. The Halifax offers 4 ways to get the account funded, through Bank Deposit, Electronic Transfer, Cheque or Debit/ Credit Card. There are no fee charges from the company for deposits or withdrawals, yet the client should check with the applicable local institution in case there is any processing fee applies. To withdraw funds at any time, the client should simply process the redemptions form instructs.
Conclusion on Halifax
Overall, the Halifax review shows that the broker strives and works hard to get enable smooth and powerful trading environment trading to their clients. Due to the Halifax heavy regulations and registration in various jurisdictions, the traders can be assured of the safe environment and complies with the international trading standards. Through the partnership with Interbrokers, the client’s getting competitive asset quotes throughout the truly leading choice of platforms. Therefore, the traders of any style or size may get involved in trading, as there is no account size or balance required to start, while the range leads only to the choice of platform.
Updates since November 23, 2018:
According to the current news from the company, the Halifax Investment Service is tipped into external administration. The traders of the Halifax mention their accounts are frozen and withdrawals cannot be processed, while traders, investors and clients will be updated of any developments in the process. Traders can use another Australian broker such as FP Markets or Go Markets. For more information please read tag Broker News.
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According to the notice from insolvency specialist Ferrier Hodgson, Halifax Investment Services in Australia entered administration on November 23. The partners of the Ferrier Hodson were appointed administrators of the Australian brokerage. Halifax Investment Services Pty Limited provides investment management services in Australia. It offers various financial products in a range of asset classes, including...
ASIC has suspended the Australian financial services (AFS) license held by Halifax Investment Services Pty Ltd (Halifax). The license was suspended for a year until January 10, 2020. It happened only six weeks after this retail FX brokerage went into insolvency administration on November 23, 2018. As we have previously reported, going into administration followed...