Which broker is better for Norway traders in 2026? Expert analysis across 12 categories.
Norwegian retail traders looking for a reliable forex broker often compare FBS and Hantec Markets, two globally recognized brands with distinct strengths. FBS, headquartered in Belize, has built a strong reputation for low spreads and high leverage, making it attractive for active traders in Norway. Hantec Markets, with roots in Hong Kong and regulation from the FCA (UK), appeals to traders seeking stability and a longer operational history. Both brokers accept Norwegian clients and support local payment methods such as Bank Transfer, Skrill, Neteller, and USDT TRC20, which are popular among Norwegian users. However, neither broker is directly supervised by the local financial regulator (Finanstilsynet), so traders must assess the regulatory protections offered by each broker's international license. This comparison focuses on the specific needs of Norwegian retail traders, including trading costs, platform usability, and deposit/withdrawal convenience for the local market.
| Instrument | FBS | Hantec Markets | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Hantec Markets |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Hantec Markets |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Hantec Markets |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Hantec Markets |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $5 | $10 | Hantec Markets |
For Norwegian traders, trading costs are a critical factor, especially when trading pairs like EUR/NOK or USD/NOK. FBS offers tighter spreads, starting from 0.7 pips on its Standard account and 0.0 pips on the Zero Spread account (with commission), making it more cost-effective for high-volume traders. Hantec Markets typically offers spreads from 1.2 pips on its main account, which is higher than FBS. On a 1-lot trade of USD/NOK, FBS can save Norwegian traders around $5–$10 per trade compared to Hantec Markets, depending on market conditions. For traders who execute multiple trades daily, these savings add up significantly over time.
| Account Type | FBS | Hantec Markets |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✗ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $5 | $10 |
| Entity / Asset | FBS | Hantec Markets |
|---|---|---|
| Norway (offshore) | Up to 1:3000 | Up to 1:500 |
| Forex major pairs | 1:3000 | 1:500 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
| Asset Class | FBS | Hantec Markets | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | FBS |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | FBS |
| Crypto CFDs | 30+ | ✗ | FBS |
| Stocks / Share CFDs | ✗ | 1,700+ | Hantec Markets |
| ETFs | ✗ | ✗ | Tie |
| Platform | FBS | Hantec Markets |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✗ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Both FBS and Hantec Markets offer MetaTrader 4 and MetaTrader 5, the industry-standard platforms preferred by Norwegian traders for their advanced charting tools and automated trading capabilities. FBS also provides its proprietary FBS Trader app, which is user-friendly for mobile trading on the go. Hantec Markets focuses solely on MT4/MT5, which is sufficient for most retail traders in Norway. Neither broker offers cTrader, which may be a limitation for traders who prefer that platform. Overall, platform choice comes down to whether you want additional mobile tools (FBS) or a pure MT4/MT5 experience (Hantec Markets).
| Factor | FBS | Hantec Markets | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Hantec Markets |
| Avg execution speed | ~30ms | ~40ms | FBS |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
FBS offers market execution with no requotes and average execution speeds of under 0.5 seconds, which is suitable for most retail traders in Norway. Hantec Markets also provides market execution with similar speeds, but its order execution is slightly more conservative, with occasional slippage during high volatility. For Norwegian traders trading major pairs like EUR/USD or USD/NOK, both brokers deliver reliable execution, but FBS edges ahead for scalpers and news traders.
| Safety Factor | FBS | Hantec Markets |
|---|---|---|
| Primary regulator | IFSC | FCA |
| Top-tier regulated | ✗ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Regulation is a key concern for Norwegian traders, as neither FBS nor Hantec Markets is regulated by the local financial regulator (Finanstilsynet). FBS is regulated by the International Financial Services Commission (IFSC) of Belize, which offers limited investor protection. Hantec Markets is regulated by the Financial Conduct Authority (FCA) in the UK, providing stronger oversight and access to the Financial Ombudsman Service for eligible clients. For Norwegian traders, Hantec Markets offers a higher level of regulatory safety, but FBS compensates with lower costs. It is important to note that neither broker provides negative balance protection or deposit insurance under Norwegian law, so traders should use risk management tools wisely.
| Payment Method | FBS | Hantec Markets |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | Electronic Wallets / Systems: Credited immediately to 30 minutes (processed 24/7 by the financial department).Cryptocurrency: Instant, though subject to blockchain network confirmations.Credit / Debit Cards: Average of 3 to 4 business days (internal processing takes 15–20 minutes, plus bank clearance).Bank Transfers: Usually processed within 7 to 10 business days. | Crypto / USDT: 1 to 3 hours (for eligible wallets)E-wallets: Within hours up to 1 dayBank / Wire Transfers: 2 to 5 business days |
Norwegian traders have several convenient deposit and withdrawal options at both brokers. Both FBS and Hantec Markets support Bank Transfer (SEPA), Skrill, Neteller, and USDT TRC20, which are widely used in Norway. FBS processes deposits via USDT TRC20 within minutes, while bank transfers may take 1–3 business days. Hantec Markets also supports these methods but may have higher minimum deposit requirements for Skrill and Neteller ($50 vs $10 at FBS). Withdrawals at both brokers are generally processed within 24 hours for e-wallets and 2–5 days for bank transfers. FBS offers more flexibility with lower minimum deposits, making it more accessible for small retail traders in Norway.
| Islamic Account Feature | FBS | Hantec Markets |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both FBS and Hantec Markets offer Islamic (swap-free) accounts for Muslim traders in Norway. FBS provides Islamic accounts on all account types without any additional fees, and the swap-free status is permanent. Hantec Markets offers Islamic accounts upon request, but clients must contact support to activate it. The swap-free feature ensures that positions held overnight do not incur interest charges, which is important for traders following Sharia law. Norwegian Muslim traders will find both options viable, though FBS offers a more straightforward and accessible process.
| Support Feature | FBS | Hantec Markets | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✗ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | FBS |
FBS provides 24/7 customer support via live chat, email, and phone, with support available in English and several other languages. Hantec Markets offers support during market hours (Monday to Friday) via live chat and email. For Norwegian traders, FBS's round-the-clock support is more convenient, especially for those trading during non-European hours. Hantec Markets' support is adequate but limited to business hours.
| Mobile Feature | FBS | Hantec Markets | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | FBS |
| Google Play rating | 4.3 stars | 4.2 stars | FBS |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | FBS | Hantec Markets | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | FBS |
Choose FBS if you...
Choose Hantec Markets if you...
For Norwegian retail traders, the choice between FBS and Hantec Markets depends on your priorities. FBS wins on lower spreads (especially for USD/NOK and EUR/NOK), higher leverage, and more flexible deposit methods like USDT TRC20 and Skrill with lower minimums. Hantec Markets offers stronger regulatory oversight under the FCA, which may appeal to traders who prioritize safety over cost. Neither broker is regulated by the local financial regulator (Finanstilsynet), so due diligence is essential. If you are an active trader seeking cost efficiency, FBS is the better option. If you prefer a regulated, conservative broker with a longer track record, Hantec Markets is a solid choice. Both support Bank Transfer, Skrill, Neteller, and USDT TRC20 for Norwegian users, ensuring convenient local transactions.