Which broker is better for Myanmar traders in 2026? Expert analysis across 12 categories.
For emerging retail traders in Myanmar, choosing the right forex broker is critical—especially when local payment methods like KBZPay, Wave Money, and bank transfers are needed for smooth deposits and withdrawals. FP Markets (rated 4.7/5) and Hantec Markets (rated 3.6/5) are two international brokers available to Myanmar traders, but they differ significantly in cost, platform choice, and local support. FP Markets is a well-established Australian broker with deep liquidity and a strong global presence, while Hantec Markets is a smaller UK-based broker with a more limited product range. This comparison breaks down spreads, deposit options, regulation, and account features specifically for traders in Myanmar, helping you decide which broker fits your trading style and local needs.
| Instrument | FP Markets | 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 | $100 | $10 | Hantec Markets |
FP Markets offers raw spreads from 0.0 pips on its ECN account with a $3 commission per lot per side, making it ideal for high-volume Myanmar traders. Hantec Markets provides standard spreads from 0.6 pips with no commission, which is simpler but more expensive over time. For example, a Myanmar trader executing 10 standard lots per month on EUR/USD would pay roughly $60 in spreads with Hantec Markets versus about $30 in commission with FP Markets (assuming 0.1 pip average spread). FP Markets is clearly cheaper for active traders.
| Account Type | FP Markets | Hantec Markets |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✓ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $100 | $10 |
| Entity / Asset | FP Markets | Hantec Markets |
|---|---|---|
| Myanmar (offshore) | Up to 1:500 | Up to 1:500 |
| Forex major pairs | 1:500 | 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 | FP Markets | Hantec Markets | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | FP Markets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | FP Markets |
| Crypto CFDs | 30+ | ✗ | FP Markets |
| Stocks / Share CFDs | 1,000+ | 1,700+ | Hantec Markets |
| ETFs | ✓ | ✗ | Tie |
| Platform | FP Markets | Hantec Markets |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✓ | ✗ |
| TradingView | ✓ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
FP Markets offers MetaTrader 4, MetaTrader 5, cTrader, and its own web platform—giving Myanmar traders flexibility across desktop, mobile, and web. Hantec Markets only provides MetaTrader 4, which is reliable but lacks the advanced charting and order types of cTrader or MT5. For Myanmar traders who want to automate strategies or use advanced tools, FP Markets is the better choice. Both platforms support English and basic local language settings.
| Factor | FP Markets | Hantec Markets | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Hantec Markets |
| Avg execution speed | ~30ms | ~40ms | FP Markets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
FP Markets provides ECN execution with no requotes and average execution speed under 40ms, ideal for scalping and news trading. Hantec Markets uses market execution with occasional requotes during volatile periods. For Myanmar traders who trade actively, FP Markets delivers faster and more reliable order fills.
| Safety Factor | FP Markets | Hantec Markets |
|---|---|---|
| Primary regulator | ASIC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
FP Markets is regulated by ASIC (Australia) and CySEC (Cyprus), while Hantec Markets is regulated by the FCA (UK) and FSA (Japan). Neither broker is regulated by the Securities and Exchange Commission of Myanmar (SECM), meaning traders do not have direct local regulatory protection. However, FP Markets’ ASIC regulation provides strong client fund segregation and negative balance protection, which adds a layer of safety for Myanmar traders. Hantec Markets’ FCA regulation also offers robust protection, but its smaller size may limit recourse options.
| Payment Method | FP Markets | Hantec Markets |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | 24 hours | Crypto / USDT: 1 to 3 hours (for eligible wallets)E-wallets: Within hours up to 1 dayBank / Wire Transfers: 2 to 5 business days |
FP Markets supports KBZPay, Wave Money, bank transfer, and USDT deposits, making it the most convenient broker for Myanmar traders. Minimum deposit is $50 (or equivalent in MMK via local payment), and withdrawals are processed within 1-2 business days. Hantec Markets only accepts bank transfers and credit cards, with no support for KBZPay, Wave Money, or USDT—this creates a significant barrier for local traders. For Myanmar traders, FP Markets clearly wins on deposit and withdrawal convenience.
| Islamic Account Feature | FP Markets | 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 FP Markets and Hantec Markets offer Islamic (swap-free) accounts for Muslim traders in Myanmar. FP Markets provides Islamic accounts on all account types (Standard, ECN, and cTrader) with no swap fees on overnight positions. Hantec Markets offers Islamic accounts on request, but only on standard accounts. FP Markets is more flexible for Myanmar Muslim traders who want access to lower spreads and multiple platforms.
| Support Feature | FP Markets | Hantec Markets | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | FP Markets |
FP Markets offers 24/5 live chat, email, and phone support in English, with response times under 5 minutes. Hantec Markets also provides 24/5 support but with longer wait times. Neither broker has a local Myanmar office or Burmese-language support, but FP Markets’ faster response and comprehensive FAQ section make it more accessible for Myanmar traders.
| Mobile Feature | FP Markets | Hantec Markets | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | FP Markets |
| Google Play rating | 4.3 stars | 4.2 stars | FP Markets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✓ | ✗ | FP Markets |
| Resource | FP Markets | Hantec Markets | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | ✗ | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | FP Markets |
Choose FP Markets if you...
Choose Hantec Markets if you...
For most emerging retail traders in Myanmar, FP Markets is the clear winner. It offers lower trading costs, better platform variety, and crucially, support for local payment methods like KBZPay, Wave Money, and USDT that Hantec Markets lacks. While Hantec Markets’ FCA regulation is strong, its limited deposit options and higher spreads make it less suitable for Myanmar traders. FP Markets’ higher score (4.7 vs 3.6) reflects its overall advantage. If you trade actively or value convenience, choose FP Markets. If you prefer a simple, regulated broker and don’t mind bank transfers, Hantec Markets remains a viable but less competitive option.