Halifax Review
- Excellent selection of trading platforms
- Wide array of tradeable assets
- Phenomenal customer support
- Highly regulated and reputable
- Lack of transparency on all associated fees
- No e-wallet payment methods
Halifax is a dynamic online trading brokerage who offers traders in Australia and around the world the opportunity to participate in the trading of a wide array of lucrative financial assets across the global markets. Halifax caters to both new investors and institutional traders and has developed an excellent reputation as a premium broker for professional traders. The Halifax broker is an Australian proprietary company that’s owned and operated by Halifax Investment Services Pty Ltd. The brokerage was established in 2001 with their headquarters located at Governor Phillip Tower – Level 49, 1 Farrer Place, Sydney NSW 2000. In addition to this location, Halifax has head offices located in Melbourne, Southport, New Zealand, and the United States. Halifax is trusted and used by traders around the world as they are licensed and regulated by the Australian Securities & Investments Commission (ASIC) under license number: 225973. Even though Halifax is one of Australia’s largest trading brokerages and is well respected throughout the world, are they the right trading brokerage for you? Find out in our following review where we delve deep into all aspects this broker has to offer and see whether Halifax Investment Services is right for you.
Trading Platform
Halifax offers their traders a whole suite of trading platforms that are provided by Meta Trader 4 and Halifax’s proprietary trading platform, Trader Work Station (TWS). See below, an overview of each suite of trading platforms.
Meta Trader 4 (MT4)
This platform is the leading trading platform for forex, metals, energies, and indices trading. The platform is highly intuitive and features an array of advanced trading capabilities. The MT$ trading platforms available to traders include; Halifax Pro MT4 for desktop computers, Halifax Pro MT4 Web Trader, and Halifax Pro MT4 Mobile Trading. All platforms are highly sophisticated, and traders can utilize all of them as they are unified under one trading account.
Trader Work Station (TWS)
This platform is Halifax’s proprietary trading platform that has been built from the ground up to provide traders with an exceptional and intuitive trading experience unique to the products and services provided by Halifax. The platform is lightning fast and efficient with an array of sophisticated tools and features. The platform is available in a downloadable desktop application, a web-based platform, and a mobile trading platform.
Exchange Markets
Halifax provides tailored trading solutions across a diverse range of financial asset classes in the international markets. These asset classes include stocks, options, futures, forex, and CFDs. See them overviewed in the points below.
Stocks & Options
- US and Australian Stocks & Options
Futures
- Global Markets from Hong Kong, London, etc.
- Low commission rates
Forex
- More than 155 forex crosses
- Low spreads
- Superior liquidity
- Reliable execution
CFDs
- Trade on market movements
- Trade CFDs on Shares, Indices, and Commodities
Fees and Commission
The Fees and commissions imposed on traders are relatively competitive with the industry standards and other online trading brokerages of this kind. As well, Halifax does not charge traders any deposit or withdrawal fees. See below, the fees associated with trading various assets on the Halifax online trading brokerage.
- Forex: Floating spreads which are very tight at around 1 pip for the EUR/USD currency pair
- Shares: $14.95 per trade or 0.12%, whichever is greater
- Futures: $8.00 minimum
- Options: $8.00 minimum or $3.00 per contract
- CFDs: $10.00 per trade or 0.12%, whichever is greater
Security and Fairness
Halifax is a well-established and reputable online trading brokerage with an international presence and offices around the world. The brokerage is licensed and regulated by the Australian Securities & Investments Commission (ASIC), which in return ensures that Halifax employs best in class security measures and provides fair and transparent investment and trading services. Halifax also employs standard security measures such as SSL encryption technology on all transmitted data and other security features to protect user information and their funds. All in all, Halifax is a very safe, fair, and transparent online trading brokerage.
Support
The customer support provided by the Halifax brokerage is superb. Customer support representatives can be contacted Monday to Friday, from 8am to 6pm AEST. The available methods of contact include email, fax, telephone, and live chat. The support representatives are always very friendly and helpful with their responses. Additional methods of support include contact via Halifax’s active social media channels including Facebook, Twitter, and Google+. As well, customers can gain additional support via the Halifax website’s education center. Here, traders can receive ongoing coaching and support from experienced traders as well as online face to face training. All in all, Halifax provides exceptional customer support to their clients.
Conclusion
The Halifax Investment Services online trading brokerage is a large and successful broker offering a wide array of investment services for a variety of lucrative assets. The broker has built a great reputation for themselves and features an excellent selection of sophisticated trading platforms. Halifax can accommodate the needs of both beginner and experienced traders and investors and provides them with phenomenal support as well. Overall, we highly recommend the Halifax online trading brokerage as we believe they are safe, secure, reputable, and provide exceptional trading services on a wide product offering.
Halifax Q&A
The following are the common questions that customers inquired about Halifax.
Is Halifax regulated?
Yes, it is regulated by the Australian Securities & Investments Commission (ASIC).
Is Halifax a scam?
No, Halifax is a legit broker as it’s licensed in Australia and internationally recognized as a viable trading broker.
Where is Halifax based?
Halifax’s headquarters are located at Governor Phillip Tower – Level 49, 1 Farrer Place, Sydney NSW 2000.
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