EasyMarkets vs Hantec Markets – Which Broker Suits Mongolia Traders?

For Mongolia traders, trading costs can significantly impact profitability, especially with the MNT’s exchange rate fluctuations. EasyMarkets operates on a fixed spread model – e.g., EUR/USD typically at 1.5 pips – which provides cost predictability but is higher than Hantec Markets’ variable spreads starting from 0.0 pips on major pairs. Hantec Markets charges a small commission on raw spread accounts. Over a month of active trading (20+ standard lots), the spread difference could save Mongolia traders up to 30% in costs with Hantec Markets. However, EasyMarkets’ no-commission model is simpler for beginners. Both brokers have no hidden fees for Mongolia clients, but watch for overnight swap rates on standard accounts.

Both brokers offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) – the platforms preferred by Mongolia traders for their advanced charting and EA support. EasyMarkets additionally provides its proprietary web trader and mobile app with a built-in risk management tool (deal cancellation). Hantec Markets focuses on MT4/MT5 exclusively, with robust execution via FIX API for algorithmic traders. For Mongolia traders accessing markets via mobile on the go, both platforms have stable apps. EasyMarkets’ simpler interface benefits newcomers, while Hantec Markets caters to those needing more professional tools like depth-of-market and hedging.

Execution quality is a differentiator: Hantec Markets uses STP/ECN execution with low latency and no dealing desk interference, which suits Mongolia traders using automated strategies or scalping. Average execution speed is under 30ms. EasyMarkets operates as a market maker with a no-dealing-desk execution for most orders, but re-quotes can occur during high volatility. For emerging retail traders in Mongolia who trade smaller volumes, EasyMarkets’ execution is sufficient. Scalping and hedging are allowed on both brokers, but Hantec Markets offers more consistent fills on major pairs.

Regulation is a key concern for Mongolia traders. Neither EasyMarkets nor Hantec Markets is licensed by the Financial Regulatory Commission of Mongolia (FRC). However, EasyMarkets is regulated by CySEC (Europe), ASIC (Australia), and FSA (Seychelles), providing a degree of investor protection. Hantec Markets is regulated by the FCA (UK), ASIC, and VFSC (Vanuatu). For Mongolia traders, the FCA license of Hantec Markets offers stronger client fund protection under the UK’s Financial Services Compensation Scheme. Both brokers segregate client funds and maintain negative balance protection, which is vital given the MNT volatility. While FRC does not permit direct oversight, trading with FCA- or ASIC-regulated entities is considered safer.

Depositing and withdrawing funds is straightforward for Mongolia traders at both EasyMarkets and Hantec Markets. EasyMarkets accepts Bank Transfer (1-3 days, no fee from broker), QPay (instant, up to 10 million MNT per transaction), and USDT (Tron/ERC20, minimal network fees). Hantec Markets supports the same trio, with additional options like Visa/Mastercard and Skrill. Minimum deposit at EasyMarkets is $100 (approx. 345,000 MNT) and at Hantec Markets is $50 (approx. 172,500 MNT). Withdrawals are processed within 1-2 business days. For QPay transfers, EasyMarkets charges a small processing fee (0.5% for withdrawals), while Hantec Markets absorbs most fees for the first withdrawal per month. USDT deposits are credited instantly on both platforms, ideal for avoiding bank delays.

Mongolia has a small but growing Muslim community, and both brokers cater to Sharia-compliant trading through Islamic (swap-free) accounts. EasyMarkets offers swap-free accounts upon request for all account types, with no overnight interest charges. Hantec Markets provides Islamic accounts automatically for eligible jurisdictions; Mongolia traders can request via support. Both brokers allow holding positions overnight without swap fees, but may apply an administrative fee after a holding period (e.g., 10+ days). These accounts are available for standard and premium account tiers. Mongolia traders should confirm availability of Islamic accounts on live trading before funding, as policies can change.

Customer support for Mongolia traders is available 24/5 from both brokers. EasyMarkets offers 24/7 live chat and phone support in English, Chinese, and Arabic – no Mongolian language support. Hantec Markets provides support in English, Mandarin, and Japanese via live chat, email, and phone. Response times are under 5 minutes during Asian trading hours. For urgent issues, EasyMarkets’ dedicated account managers for premium clients may be helpful. Hantec Markets has a local office in Hong Kong, which may offer better timezone overlap for Mongolia. Neither broker has a Mongolia-based team, but both reply promptly to email queries.