Ctrl Investments is a controversial New Zelanad-Australian broker. Despite being licensed, there’s still something shady going on here.
Judging by traders’ reviews, it’s probably not such a good idea to trust this broker. We’ll explain why in the Ctrl Investments Review.
Ctrl Investments Limited is a New Zealand-based investment company licensed by the local Financial Markets Authority (FMA). The license was issued in 2015.
Furthermore, Ctrl Investments is also registered with the Australian Securities and Investments Commission (ASIC), which is a reputable Tier 1 regulator.
Maybe this broker isn’t such a good choice for trading. If you have any issues with Ctrl Investments, please report the broker to the FMA and ASIC.
Ctrl Investments Limited from New Zealand is the parent company of HF Trading broker that operates in Australia. This broker has deceived traders from the UK, US, Australia, New Zealand, and India.
The jurisdictions we recommend for trading are the European Securities and Markets Authority (ESMA). This regulator requires brokerage companies to possess a minimum operating capital of 730,000 EUR.
Also, brokers have to provide clients with negative balance protection, segregated funds, leverage restriction (1:30), and a compensation scheme of up to 20,000 EUR.
Tier 1 regulators under ESMA are the CNMV, FINMA, BaFin, CONSOB, etc. If you’re from the UK, make sure your broker is regulated by the FCA.
Based on our research, Ctrl Investments has been active in multiple regions since its inception. Here’s a list of countries where the broker mainly provided services:
Australia and New Zealand come as no surprise as Ctrl Investments is registered with the local regulators. However, the broker isn’t authorized to operate outside those domains. Especially not in the US or the UK.
Traders had complaints. Based on what we’ve read, Ctrl Investments/HFTrading is really pushy and has no patience for beginners. Plus, the fees are insane and the website keeps freezing, according to traders.
I was pushed into opening and depositing some money into a trading account before I was ready. By the time I got back to using the amount I put in, it was used up in fees before one trade…
Terrible! Quotes are freezing and lagging, and I cannot close my order. CTRL INVESTMENTS’ s customer support is doing nothing. I feel so scammed.
Ctrl Investments offers MetaTrader 4, which is a great platform. MT4 boasts a user-friendly interface, advanced charting, live market reports, automated trading, multiple timeframes, etc.
The cutting-edge platform is known for its lightning-fast execution and orders. Ctrl Investments also features a mobile version of MT4 for Android and iOS.
A less advanced, web-based trading terminal is also available. It offers some basic charts and graphs, nothing special. Compared to MT4, it’s pretty lackluster.
Ctrl Investments offers trading CFDs on the following trading instruments:
Ctrl Investments claims to be a commission-free broker. As for the spreads, they are variable. For the benchmark EUR/USD pair, the spread starts from around 1.8 pips.
It’s slightly above the industry’s standard of 1.5 pips, but not that terrible. The leverage is questionable. Namely, Ctrl Investments says it offers leverage up to 1:200.
The Australian regulation imposed a 1:30 leverage cap for retail clients in 2021. We’re not sure whether the broker has adapted to ASIC’s leverage restriction.
Yes. Ctrl Investments offers a free demo account for traders. It can be used for practice and it’s a good tool.
A demo account is especially effective if you’re indecisive about a certain broker, which is probably the case with Ctrl Investments. If you still want to trade with this broker, please be careful when opening a live account.
The minimum deposit for Ctrl Investments is 250 $. Allegedly, there are no deposit & withdrawal fees, but traders beg to differ.
Namely, the broker has been asking clients to pay insane fees upfront for certain services. Keep in mind that it’s illegal for a broker to demand a fee before performing your withdrawal.
According to the broker’s website, the following funding methods are available:
We didn’t find any e-wallets such as Skrill and Neteller. The Ctrl Investments withdrawal processing time is up to five business days.
To sum up, Ctrl Investments/HFTrading is an ambiguous case. If you ask us, we wouldn’t trust this dubious broker with its aggressive approach to new clients, and the hidden fees. For 250 $, there are numerous “clean” brokers that you can find, all regulated by Tier 1 financial market authorities.
If you’ve noticed that Ctrl Investments violated any terms and conditions, or if you’re having withdrawal issues with this broker, please let us know. Global Fraud Protection can help you get your money back.
Our experts specialize in bank chargebacks, recalls and crypto-tracing methods such as CipherTrace.
If this broker steals your money, please let us know. If you want to book a free consultation with us, Online Chat is the easiest and fastest way to do it.
Ctrl Investments is regulated by the FMA and ASIC, but traders have been complaining about this broker trying dirty tricks on them.
Yes, Ctrl Investments offers a free demo account on its website.
Yes. Ctrl Investments included both Android and iOS mobile versions of MetaTrader 4.
They should be. However, it seems the broker uses cunning methods for draining your wallet such as insanely high fees.
Ctrl Investments is regulated by the FMA and ASIC, but traders have been complaining about this broker trying dirty tricks on them.
Yes, Ctrl Investments offers a free demo account on its website.
Yes. Ctrl Investments included both Android and iOS mobile versions of MetaTrader 4.
They should be. However, it seems the broker uses cunning methods for draining your wallet such as insanely high fees.
The post Ctrl Investments Review – Many Dubious Broker Details appeared first on Global Fraud Protection.
