Hantec Markets Review 2024
Website: www.hantecfx.com
Min. Deposit: US$ 100
Leverage: 1:30 | 1:500
Trading Platforms: MT4, Currenex, AgenaTrader
Regulation: FCA, FSCM, JSC
Headquarters: Hong Kong, UK
Founded: 1990
Regulatory Licenses:
- Hantec Markets Limited - authorized by FCA (UK) registration no. 502635
- Hantec Markets Limited - authorized by FSCM (Mauritius) license no: C114013940
- Hantec Markets Limited Jordan - authorized by JSC (Jordan) license no: 51905
Updated on January 29, 2024
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In our meticulous evaluation of Hantec Markets, we employed a comprehensive review process that involved comparing this broker against over 1000 others in the industry. This exhaustive analysis covered a wide array of factors, including but not limited to, regulatory compliance, trading platforms, customer service, fees, spreads, and educational resources. Such a detailed approach ensures that our recommendations and critiques are both thorough and reliable, providing potential traders with the insights needed to make an informed decision.
Hantec Markets is part of the Hantec Group, a global financial services provider that operates under various brand names across continents including Asia, Oceania, and Europe, with its main headquarters located in Hong Kong since 1990. Over the years, Hantec Markets has expanded its operations, primarily through its UK entity, ensuring compliance with stringent regulatory requirements. This expansion has enabled Hantec Markets to offer a diverse range of online trading services, aiming to enhance business performance and cater to the specific needs of traders worldwide, depending on their geographical location and regulatory jurisdiction.
Hantec Markets Pros and Cons ▲
Pros
Hantec Markets is celebrated globally for its longstanding history and stringent regulatory adherence in multiple jurisdictions, including the UK's FCA and Hong Kong.
Offers a wide array of trading instruments with bespoke services for both beginners and professionals, featuring powerful trading platforms and professional grade educational materials.
Cons
Lacks 24/7 customer support, and trading conditions may vary depending on the entity.
The product portfolio is somewhat limited, focusing mainly on CFDs and FX.
Hantec Markets has established itself as a formidable player in the global trading scene, attracting a plethora of awards that underscore its competitive offerings, cost-efficiency, and overall trading performance. Among these accolades are the 'Most Transparent Global Forex Broker of the Year' and 'Best Trading Performance Tools', both of which highlight the broker's commitment to transparency and excellence in trading tools. The accumulation of such awards, alongside positive feedback from a vast clientele, signals Hantec Markets' well-deserved reputation in the financial trading industry.
Is Hantec Markets Safe or a Scam? ▲
Hantec Markets is recognized as a trustworthy broker, owing to its affiliation with the Hantec Group, which is regulated by several authoritative bodies including the prestigious FCA. This multi-jurisdictional regulation significantly reduces the risk associated with trading Forex and CFDs through Hantec Markets. The broker's UK branch, Hantec Markets Limited, is specifically regulated by the FCA, providing access to European clients and ensuring a high level of client fund protection. Despite having an offshore entity regulated by the Financial Services Commission of Mauritius, the broker's adherence to strict regulations in other jurisdictions ensures a transparent and protected trading environment for its clients globally. However, it's noteworthy that international trading options are available through the offshore entity, which may present a different risk profile compared to its FCA-regulated operations.
Hantec Markets offers a strategic path for maximizing investments through leverage, ensuring compliance with regulatory standards across various jurisdictions. Clients in the UK or Europe operating under FCA regulation can access leverage up to 1:30 for major currency pairs, 1:20 for minor currencies, and 1:10 for commodities. In Jordan, traders have the option of leveraging up to 1:200, while the international entity of Hantec Markets in Mauritius provides retail traders with leverage ratios up to 1:200. This diverse range of leverage opportunities is tailored to meet the regulatory requirements of traders’ respective locations. However, it's crucial to understand how to utilize leverage effectively, as it has the potential to amplify both profits and losses.
Hantec Markets offers two primary account types, supporting USD, EUR, and GBP as base currencies. The standard account incorporates all trading costs within a floating spread, whereas the second option offers lower spreads in addition to a commission per trading lot. Premium or VIP accounts deliver customized solutions with unique benefits for large-scale trading. The Hantec Portal provides comprehensive account management capabilities, allowing traders to monitor and control their trading accounts seamlessly. Additionally, Islamic Trading Accounts or Swap-Free Accounts are available for all account types, catering to Middle Eastern investors or those adhering to Sharia principles.
Hantec Markets has structured its pricing to appeal to various trading levels, with costs either included in the spread or charged as a commission per lot. The broker also imposes a swap or overnight fee for positions held open for more than a day, which can be reviewed on the trading platform or the official Hantec website. Our evaluation ranks Hantec Fees competitively low, with an overall score of 4.4 out of 5, based on a comprehensive comparison with over 1000 other brokers. It's important to note that fees may vary by jurisdiction. The typical trading fees for popular instruments are also outlined, providing a basis for comparison with other brokers like BDSwiss.
Our analysis places Hantec Spreads among the most competitive in the market, with an overall rating of 4.4 out of 5. This assessment is based on a detailed comparison to other brokers. Hantec Markets' Forex spreads for the EURUSD pair are significantly lower than the industry average of 0.2 pips, and the spreads for other instruments are equally compelling. This advantageous pricing structure positions Hantec Markets as a preferred choice for traders seeking low-cost trading options.
Hantec Markets offers a comprehensive suite of trading instruments, providing access to a broad range of financial markets through its Straight Through Processing model. This execution model ensures instant trading with quotes from 16 of the world's largest banks. Hantec Markets' selection encompasses over 50 Forex pairs, indices, commodity CFDs, and bullion. For residents of the UK, spread betting is also available, adding to the diversity of trading options. The range of instruments at Hantec Markets earns a score of 3.9 out of 5, reflecting a solid selection of trading options. However, the offerings can vary by jurisdiction, and the focus primarily on Forex and CFDs may limit some traders.
Pros
Wide selection of trading instruments
Access to quotes from 16 major world banks
Cons
Limited offerings beyond Forex and CFDs depending on jurisdiction
The process of funding and withdrawing from your Hantec Markets account is streamlined and secure, with several payment methods available tailored to different country regulations. The funding methods at Hantec Markets are evaluated as excellent, achieving a score of 4 out of 5. The broker requires a minimum deposit of $100, which is relatively low and accessible for traders. Compared to other brokers that may require a minimum deposit of up to $500, Hantec Markets makes it easier for traders to start.
Pros
A variety of secure payment methods including bank transfers, cards, and ewallets
No commission charges on withdrawals
Cons
Transaction fees may apply from funding providers
Hantec Markets prides itself on offering a selection of robust trading platforms, including the industry-renowned MetaTrader 4, Currenex, and Multi-Account Management (MAM) options. These platforms provide traders with a cost-effective way to access a variety of instruments, though some differences may exist in asset offerings and functionality. The trading platform range at Hantec Markets is rated 4.35 out of 5, showcasing the broker's commitment to offering sophisticated trading solutions.
Pros
A choice of powerful trading platforms including MetaTrader 4 and Currenex
Customizable mobile app for trading on the go
Cons
Some platforms require a higher balance for access
Hantec Markets' customer support is accessible through international phone lines, live chat, and email, offering professional and responsive service to traders worldwide. The quality of customer support has been rated 4.45 out of 5, highlighting the broker's efficient and knowledgeable assistance. However, it's worth noting that support is not available 24/7.
Pros
Fast and knowledgeable responses from customer support
Multiple channels for support including live chat and email
Cons
Support is not available around the clock
Hantec Markets provides an extensive range of educational materials, from beginners' guides to advanced market analysis. This educational content is designed to suit a variety of trading needs and is readily available to all clients. The broker's commitment to education is reflected in a rating of 4.35 out of 5, underscoring the value of its resources for traders at all levels.
Pros
Comprehensive educational materials suitable for both beginners and experts
Continuous support and market insights available
Cons
None
In conclusion, Hantec Markets stands out as a reputable broker with a long operational history, multiple financial hubs, and transparent trading conditions. It offers competitive pricing models, STP execution, and a choice of powerful trading platforms, alongside robust support and educational resources. While offerings may vary across different jurisdictions, Hantec Markets remains a solid choice for a wide range of traders, from beginners to professionals, and those interested in various trading strategies. It's advisable for potential clients to verify the specifics of Hantec's offerings in their region before opening an account.
Based on our comprehensive review and financial expert opinions, Hantec Markets is recommended for:
Beginning Traders
Professional Traders
Algorithmic or API Traders
Traders interested in using Expert Advisors (EAs)
Those looking into Copy Trading
Individuals utilizing Scalping/Hedging Strategies
Users who prefer the MetaTrader 4 platform
Those focused on Currency and CFD Trading
Traders employing a variety of strategies
