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Halifax Review 2024

Website: www.halifax.com.au

Min. Deposit: US$ 0

Leverage: 1:500

Trading Platforms: Mt4, MT5, TWS

Regulation: ASIC

Headquarters: Australia

Founded: 2014

Regulatory Licenses:

- Halifax Investment Services Pty Ltd (“Halifax”) - authorized by ASIC (Australia) registration no. AFSL 225 973 in administration

Updated on March 8, 2024

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What is Halifax? ▲

Halifax is an Australian entity with offices strategically located in Sydney, Melbourne, Southport, New Zealand, and the United States, catering specifically to Forex traders residing in the US. Through enduring partnership models, Halifax has established mutually rewarding relations with its clientele, ensuring a robust market presence via a comprehensive suite of solutions for both institutional and retail execution needs.

With a customer base surpassing 35,000 clients, Halifax is renowned for its highly competitive clearing fees within the industry, coupled with an unmatched level of customer service. The broker's market offerings span a wide array of asset classes including international Equities, Options, Futures, Forex, and CFDs, backed by quotes from multiple liquidity providers. Thanks to its collaboration with Interactive Brokers, Halifax clients benefit from immediate access to premier quotes and fast execution, enhancing the trading experience.


Education ▲

Recognizing the pivotal role of excellent education and support in the brokerage industry, and as an invaluable investment for any individual, Halifax prides itself on providing quality education and support to its clients. This commitment is evident in the ongoing coaching and support available to traders, aimed at bolstering trading skills and confidence. Moreover, Halifax eliminates the need for clients to look elsewhere for quality trading recommendations by offering straightforward, simple, or sophisticated strategies with significant potential, directly to its clients.


Is Halifax Safe or a Scam? ▲

Halifax, a well-established Australian entity, operates in full compliance with both local and international regulations under the Australian Financial Services Licence. It is rigorously supervised by the Australian Securities Investments Commission (ASIC), ensuring a high level of client protection. The firm’s global presence is further solidified through its registrations with significant regulatory bodies in other jurisdictions. Halifax New Zealand Limited is registered with the New Zealand Financial Services Providers and the Financial Markets Authority. In the United States, Halifax America LLC holds registrations with the Financial Industry Regulatory Authority (FINRA), Securities Exchange Commission (SEC), and National Futures Association (NFA). These stringent regulatory frameworks mandate that Halifax maintains all client funds in segregated bank accounts, upholds a specified capital reserve for operations, and provides a guarantee of longevity and stability to its clients.


Trading Platforms ▲

Halifax offers a superior trading environment through its award-winning platforms, catering to traders of all levels - from beginners to advanced. The brokerage has developed three distinct platforms, each designed to meet the specific needs of its users, whether trading on PC, Mac, Android, Tablet, or Smartphone. These platforms are accessible via installed or web versions, and interestingly, Halifax imposes no minimum deposit requirement, making it exceptionally accessible for beginners or those new to the brokerage (also see Blueberry Markets Minimum Deposit for comparison). The Rapid Account Opening Process TM by Halifax stands out for its speed, allowing clients to open accounts with a zero balance, start with a Demo platform, and even hold multiple accounts without the obligation to trade.


  • Halifax Pro, built on the MetaTrader4 technology, is the premier choice for traders globally, enhanced by Halifax for superior trading capabilities. It supports trading across a wide range of instruments with technical indicators ranked among the industry’s best. The platform offers tight, variable spreads starting at about 1 pip for EUR/USD pairs and leverage up to 1:500, without restricting trading strategies.


  • Halifax Plus, based on MetaTrader5, caters to traders looking to access FX, CFDs, precious metals, and indices. Equipped with advanced technical analysis tools and over 50 indicators, the platform ensures comprehensive monitoring and analyses options, all accessible through multiple devices without fees or a minimum account size requirement.


  • Halifax Trader Work Station (TWS) is tailored for more advanced traders interested in stocks, futures, and options across 80+ markets. Linked to a paper trading account, it offers a full range of features with developed risk management capabilities. The platform’s workspace facilitates efficient order analytics, monitoring, and management, thereby enhancing trading efficiency.


Deposit and Withdrawal Methods ▲

Halifax offers a variety of options for funding your trading account, with the possibility of initiating trading on the same day for some methods. Clients can choose from four main avenues to fund their accounts: Bank Deposit, Electronic Transfer, Cheque, or Debit/Credit Card. Halifax does not impose any fees for either deposits or withdrawals. However, clients are advised to verify if any processing fees may be charged by their local banking institution. For withdrawals, clients are required to complete a simple redemption form.


Conclusion ▲

The comprehensive review of Halifax reveals a brokerage firm dedicated to providing a seamless and robust trading environment for its clients. With stringent regulations and registrations across multiple jurisdictions, Halifax ensures a secure trading experience that meets international standards. The collaboration with Interbrokers offers clients competitive quotes on assets across a wide range of platforms. Halifax welcomes traders of all styles and sizes, with no specific account size or balance prerequisites, offering flexibility in platform choice.


Important Updates since November 23, 2018 ▲

Recent updates have indicated that Halifax Investment Service has entered into external administration. Accounts have been reported as frozen, with withdrawals currently not being processed. Traders, investors, and clients are advised to stay informed on any developments. It is currently recommended to avoid any new agreements under the Halifax name due to elevated risks. Traders seeking alternatives may consider other Australian brokers such as FP Markets or Go Markets. Further details can be found under the Broker News tag.

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