HFTrading – what we know and have as facts about it; HFTrading is owned and and operated by CTRL Capital Ltd, which is authorized and regulated by the New Zealand Financial Markets Authority (FMA) under number FSP197465 and by the Australian Securities and Investment Commission (ASIC) under license number 414198. These licenses allow it to conduct various financial services, including receiving, transmitting, and executing customer orders.
We have found in the Products Disclosure Statement document that HFTrading hedges each position by entering into a back-to-back position with CTRL Capital Ltd. CTRL Capital is a related entity of HFTrading. This means that HFTrading uses the Straight Through Processing model to execute orders and hedges them with CTRL Capital Ltd., which acts as a market maker. In general, dealing with market makers involves a conflict of interest because they do not transmit customer deals and hope that customers will lose. Every loss of customers is their profit.
We also found that there are some posts in forums about fake price quotes, incorrect execution of profitable trades at different prices, unjustified execution of stop loss orders, and high deposit fees.
So far, we have not received any complaints from customers of HFTrading. If you have any criticism to share with us or feel annoyed by HFTrading, please fill in the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and HFTrading if you wish.