On-line since: About company: Halifax is an Australian broker offering various instruments for trading on different financial floors. The Halifax brand owns several regulated companies. The main company, Halifax Investment Services Ltd., is regulated by the Australian Securities and Investments Commission (ASIC). The companies regulated by the ASIC should comply with certain requirements. Brokers should keep their clients’ funds on a segregated account, to which specialists have no access. This measure prevents a company from using clients’ funds in its private interests. Besides, the broker’s minimum capital should be at least 1 million Australian dollars. The sum guarantees that the company has working prospects and is not a shadow company for most con men cannot afford to create a firm with such a capital. To serve clients from the US, Halifax has opened Halifax America that is controlled by FINRA, SEC, and NFA. Minimum initial deposit Halifax has no minimum deposit. The clients decide on their own what sum to deposit. Beginners unwilling to risk much will benefit from this. Average spreads and commissions Halifax offers floating spreads. An average spread size for the EUR/USD pair is around 1 pip. It is quite a competitive offer in comparison with other brokers. Leverage Halifax renders the maximum leverage of 1:100 suitable for all trading strategies. However, other forex brokers provide larger leverages of around 1:500 giving bigger trading opportunities. Trading platforms Trading can be carried out on MetaTrader 4, MetaTrader 5 or Halifax Trader WorkStation (TWS). If you are going to trade currencies, then your platform choice is obvious. Thousands of traders have chosen MetaTrader 4 for its advanced chart building opportunities and user-friendly interface. MT4 with its customized indicators and automated trading systems (expert advisors) will suit professionals. Even if you are an MT4 fan, we recommend you to try your hand at MetaTrader 5. Sooner or later, an old version will be no longer supported and brokers will have to shift to MT5. MT4 and MT5 have many similar functions. The biggest drawback of MT5 is that currently it does not support all indicators and robots. In some time, they will become available in the new version. If you want to trade shares, ETFs, futures and options, the TWS platform is tailor-made for you. TWS features vast opportunities for diagram creation, lots of order types, and its own automated trading environment. Investors who want to make a diversified portfolio will prefer this platform. TWS also has a mobile version. Training Halifax carries out online and private trainings. Seminars are held by successful traders of Australia. Partnership For those who want to enter the brokerage services market or the traders who want to make extra profits, Halifax has developed a partnership offer. The offer covers trading on shares, options, futures, currencies, and CFDs. The broker renders various services that allow promoting a partner’s business with a small budget and in a short period of time. Extra services In addition to brokerage services, the company carries out currency exchange. All traders, even those who are not clients of the company, can change money. However, Halifax clients are not charged any exchange commission. Payment methods Halifax offers only wire transfer and bank cards, while nowadays many traders prefer to use e-wallets such as Neteller or Skrill. Client support service The client support is available by phone 5 days a week from 8:00 a.m. to 6:00 p.m. AEST. The company’s website features a section with frequently asked questions and answers to them. Besides, client can receive help in one of the corporate offices situated in Australia, New Zealand, and the United States. Contact details can be found on the website. Advantages:
Disadvantages:
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Halifax has a wonderful trading platform with instant execution. My experience is good, as a professional trader in the market. I like their platform for perfect execution and easy transaction. I say Halifax are trusted company for dealing or transacting my money in the market.
I have been trading with Halifax for a month. I can say that it's only wasting time trading with them because their system is down too often and it takes time to fix. This situation really gives me a chance to lose my money. Once I made a withdrawal request, they processed it within a week. Too many delays they gave and made me wait with no money. It's wasting my time only. So, I decided to close my account and stop using this broker for my trading.
Yes, I can make my highest profit with a Halifax broker. In June 2021 I've deposited only $500 but in six mounts I can turn it $2.4k. They have a live price quote and solid MT4 platform, so I have no tension to deal with in the risky market. Also, I've prefered the fixed spread and my order execution is perfect without any issue. I found many technical indicators, linear instruments, advanced charting package tools on their platform too. Basically, I am pleased with Halifax broker.
The spread at Halifax is floating and it is a deal-breaker for me. I gave it a shot but I was only disappointed because the spread changes all the time and goes as high as 14pips. This is not worth the investment.
I have so much problem trading with this broker. Their platform is sucks, has delayed, and they don't provide real prices. It was a struggle to trade with them, their support team also not responding fast. And the worst thing is I sent a withdrawal request of $400 2 weeks ago, and until now, they didn't process it yet. They said my withdrawal still on process but I have no idea until when I should wait for it. All I can say is that they are not a reliable broker.
I started with Halifax since May 2020 and I am satisfied with this broker. My first live account initial deposit was $1.5k and I got really narrow spreads only 1.5 pips on GBP/USD pair which I like most. I also observe the execution is very fast and spike are rear. In this 4 months my total order are around 450+ trades only 3 trades got spike, 9,14,20 pips. Evaluate to the other broker these are very usual. After f months my accumulated profit $1365. Until now, I withdraw only one time, which is about $600 they send it into my Skrill account within 2 hours. They are completely honest and trustworthy broker. Recommend them.
I am unable to start an account at Halifax because their minimum account size is too large. I cannot afford that. Besides, I doubt that it will be worth it to invest that much on this broker because my cousin has an account with them and she told me that her platform often has problems. She is having trouble with her trading activities because the platform would suddenly have technical issues.
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