Halifax NZ is a renowned New Zealand based Forex and Contract For Differences (CFD) broker house providing top notch online services for its hundreds of thousands of beginner and advanced level traders. It is based in the New Zealand with its wings spanning to the United States of America and Australia.
In the following article, we will be reviewing Halifax NZ on the basis of different services that are provided by the broker. We will be glancing over the different regulations, the number of trading platforms that can be used via this broker, the aspects which makes this brokerage firm safe to trade with, their trading fees and commissions (if/any), the process of getting your own account made and getting that account functional and funding methods for depositing and withdrawing your money for the trades, amongst a variety of things.
Our aim is that by the end of this article, you should know the type of trade Halifax NZ is appropriate for and whether if it’s the right brokerage for you to get into a trade with.
Brief Overview Of Halifax Nz:
Safety: Regarding safety and security, Halifax New Zealand Ltd. Is completely licensed and regulated with FSPR 146605 and the Financial Markets Authority. As the company is located in Australia, it is licensed by ASIC within AFS license #225973. In the US, it is regulated by the authority of CRD with license #172567. Halifax America is also registered with the Security Exchange Commissions and also regulated by the Nationals Futures Association.
Registration with these regulatory bodies round the globe makes Halifax, one of the safest brokerage firms to trade with.
Variety: Halifax’ market jurisdiction spans from Exchange Trade Funds (ETFs), Contracts for Differences (CFDs), shares, futures, currency pairs and futures. Furthermore, each of these markets contains a multitude of financial instruments suitable for your needs.
Impeccable Customer Support: For the forex traders, contact can be established either via call or through our email, Additional assistance can be sourced through social media accounts like Facebook, Linked In and Google +.
Halifax Nz Company Profile:
Halifax, based, in New Zealand is a leading forex brokerage trading firm. This forex brokerage house offers all of its services online, and provides adequate and necessary support and technology required to meet your trading and investment objectives at competitive open market rates.
Halifax NZ has its main headquarters in Auckland New Zealand and Wellington New Zealand. The en-visionaries behind Halifax have ginormous experience in global equities markets, share markets and fund management,
Key figure at the company include, CEO Andrew Gibbs, compliance manager Tracy Gibson, Accounts manager Roger Barley and Robert Lean.
The variety of financial instruments available on Halifax’s platform ranges from CFDs, ETFs, shares, options, futures and Forex. The global market at Halifax concurs a plus of 9000 contracts for differences, more than 220 future contracts, 180 FX pairs, a plus of 19000 shares and around 36 stock exchanges.
For ease of use, the trading platforms provide a varied set of prime resources and tools designed to create real market conditions directly through your web browser. These resources and tools can be used through TWS Web Trader and the Halifax Trader Work station. You can also use all of the above services through your mobile phone whether android or iOS devices.
Forex regulations have always been a controversial topic, and are so very much these days as well. On part of traders, they have always regarded Europe and Australia as the most reliable forex regulations in the world. However, due to recent changes to the forex and ETF and CFD regulations in Europe and Australia, traders are keen on finding new ways to maintain their market caps,
Fortunately, Halifax NZ has its wings spanned all across the border to have its operations running successfully in Australia as well as across continents over to the America. What this does is that it provides the retail trader with adequate means to select the best location deemed appropriate for maximum balance protection.
We must mention that operating out of each regulatory jurisdiction has its own pros and cons, and the trader must have a concise understanding of nature to select the most appropriate option for him.
Halifax Trading Platform:
During the process of selecting the account, the client would be prompted to choose their preferred platform. A multitude of options are available, ranging from, Trader Work Station (forex and Contracts for Differences, bonds, options, indices, futures, stocks and Exchange Trade Funds), Halifax Plus – MT5 (this all including platform is specifically augmented for clients wanting to trade bonds and energy, CFDs, metals, currency pairs and indices). Halifax Pro – MT4 is another option. It is important to note that MT4 is the world’s foremost leading platform for Forex trading. It provides a wide array of automated trading options, live charting functionality, rapid execution of trades and much more.
We recommend Halifax NZ for beginners as the trading platform is very user-friendly and straightforward in approach, thus making it an ideal choice for the new traders. The platform offers simplicity and ease of use; however, its layout and appearance can be altered or customized.
Open A Halifax Trading Account:
It’s effortless and a 100% free to open a Halifax trading account. All you need to do is choose from the available account options, have your ID validated and fill out the forms.
To get started, traders need to put in their personal details and select the financial instruments they choose to trade with. It’s imperative to select the right trading platform to determine your account needs;there are 2 types of products available, derivative and non-derivative products. Derivative products include options, futures, CFDs and forex. Non derivative products include shares, currency conversions, ETFs and bonds.
Furthermore, there are 2 types of accounts available at Halifax. They are, live accounts and demo accounts.
The demo account is free to register for as well, and provides a great mean to trade under real market conditions with absolutely ZERO risk. You can trade with virtual money with the demo account.
As for the live account, clients are supposed to maintain a sufficient funding balance to cover for their active trade activities. The preferred balance, set by Halifax is at $5000 at minimum, at all times. The account opening page can further guide on how to go about opening an account.
Once again, it is imperative to understand that there are 3 user-friendly platforms available and the client must choose a platform to start trading.
As previously stated, the range of markets available at Halifax constitutes of ETFs, CFDs, currency pairs, stocks, options, shares and futures. Each of these marketsincludes various financial instruments. The following options are available at Halifax:
Futures Trading – Around 200 futures contracts from 22 exchanges worldwide constituting of bonds, currencies, agriculture, oils, indices and metals.
Shares – Traded shares across 14 countries and 36 exchanges with specifically dedicated account managers and auto trading option.
Options Trading – Includesstocks, interest rates, energy and indices.
Currencies – Around 160+ currency pairs including major and minor as well as exotic pairs. Notable are NZD/USD, GBP/USD, AUD/NZD, GBP/EUR etc.
ETFs – Around a plus of 2500 commodities, regional indices and sector ETFs are available.
CFDs – Around 9000 CFDs across a multitude of sectors including commodities, indices, stocks and forex.
ETFs are better for short to long term and hence ideal for beginners. CFDs are better for short to medium term and hence better suited for intermediate level traders.
The client has the option of choosing their preferred funding method. The process is a little different at Halifax compared to its conventional counterparts. The clients are foremost required to fill a form to verify their Halifax exclusive email. You will then be asked to enter your email and account number before funding your account. Normally during business hours, payments made in NZ and Australia would ideally take around 30 minutes to process. On the extreme end, it can take up to a day as well. Deposit methods include card payments, POLi bank payments, china transfer and bank transfer notice.
Conclusion – Should You Trade With Halifax Nz?
Let’s first get the cons out of our way. What I feel Halifax NZ lacks at is that they do not have any bonuses or promotional offers and secondly that their live support is only available during limited hours.
However, much to our surprise, overall, we were impressed with the range and class of services provided by Halifax NZ. This NZ based company won our trust and our business with itsergonomically and state of the art user friendly platform.
Needless to say, we found trading with Halifax NZ completely safe and secure. We found the MT4 and MT5 platform particularly nifty. The access of regulations in various countries is useful in part to the trader. Moreover, we were duly impressed with their coverage of financial markets and the range of financial instruments, currency pairs and commodities that they offer.