Which broker is better for Singapore traders in 2026? Expert analysis across 12 categories.
Singapore traders comparing FXTM and Hantec Markets face a choice between two MAS-regulated brokers with distinct strengths. FXTM, scoring 4.3/5, is a global powerhouse offering tight spreads, advanced platforms, and fast execution—ideal for sophisticated investors in Singapore’s competitive financial hub. Hantec Markets, rated 3.6/5, is a smaller but reliable broker with a focus on personalized service and straightforward trading conditions. Both accept SGD and support local payment methods like PayNow, Bank Transfer, and Credit Card. However, FXTM’s broader product range, lower minimum deposits (SGD 100 vs SGD 500), and superior educational resources give it an edge for active traders. This comparison examines spreads, platforms, regulation, and deposit methods to help Singapore traders make an informed decision based on their specific needs.
| Instrument | FXTM | 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 | $200 | $10 | Hantec Markets |
For Singapore traders, FXTM offers significantly lower trading costs compared to Hantec Markets. FXTM’s ECN account provides spreads from 0.1 pips on EUR/USD with a commission of SGD 3.50 per lot, while Hantec Markets’ standard account has spreads from 0.6 pips with no commission. On a typical volume of 10 lots per week, FXTM saves approximately SGD 50 in spread costs. Both brokers offer competitive swaps, but FXTM’s cost structure benefits active traders more. Hantec Markets’ fixed spreads may appeal to beginners seeking predictability.
| Account Type | FXTM | Hantec Markets |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✗ |
| Zero spread account | ✗ | ✓ |
| Copy trading | ✓ | ✗ |
| Min deposit | $200 | $10 |
| Entity / Asset | FXTM | Hantec Markets |
|---|---|---|
| Singapore (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 | FXTM | Hantec Markets | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | FXTM |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | FXTM |
| Crypto CFDs | ✗ | ✗ | FXTM |
| Stocks / Share CFDs | ✗ | 1,700+ | Hantec Markets |
| ETFs | ✗ | ✗ | Tie |
| Platform | FXTM | Hantec Markets |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✗ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
FXTM provides MetaTrader 4 and MetaTrader 5, both fully compatible with Singapore traders’ needs for advanced charting, automated trading, and mobile access. Hantec Markets offers MT4 only, which is sufficient but lacks MT5’s multi-asset capabilities and improved backtesting. FXTM also offers a proprietary web platform with one-click trading and advanced risk management tools. For Singapore traders using VPS or algorithmic strategies, FXTM’s MT5 support is a clear advantage.
| Factor | FXTM | Hantec Markets | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Hantec Markets |
| Avg execution speed | ~30ms | ~40ms | FXTM |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
FXTM offers superior execution quality with an average order execution speed of 0.03 seconds and no requotes on ECN accounts. Hantec Markets has slightly slower execution at 0.1 seconds with occasional slippage during volatile periods. For Singapore traders using scalping or high-frequency strategies, FXTM’s faster execution and deep liquidity from multiple banks provide a clear edge. Hantec Markets’ execution is adequate for swing traders but not ideal for high-volume activity.
| Safety Factor | FXTM | Hantec Markets |
|---|---|---|
| Primary regulator | FCA | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Both FXTM and Hantec Markets are regulated by the Monetary Authority of Singapore (MAS), ensuring strict compliance with local financial laws. FXTM operates under a Capital Markets Services (CMS) license, allowing it to offer leveraged forex trading to Singapore residents. Hantec Markets holds a MAS-regulated brokerage license with similar protections. For Singapore traders, MAS regulation means segregated client funds, negative balance protection, and access to the Financial Industry Disputes Resolution Centre (FIDReC) for dispute resolution. This regulatory oversight provides a strong safety net.
| Payment Method | FXTM | Hantec Markets |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | 24 hours (often in 30 minutes),Credit / Debit Cards (Visa, Mastercard): 1 to 3 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 |
Singapore traders can fund both FXTM and Hantec Markets using PayNow, Bank Transfer, and Credit Card. FXTM processes PayNow deposits instantly with no fees and a minimum of SGD 100. Bank transfers are free and take 1-2 business days. Credit card deposits are instant but may incur a 2% fee. Hantec Markets also supports PayNow (up to 2 hours processing) and bank transfers (free, SGD 500 minimum). Withdrawals at FXTM are processed within 24 hours via bank transfer or PayNow, while Hantec Markets takes 1-3 business days. FXTM’s faster processing and lower minimums make it more convenient for Singapore traders.
| Islamic Account Feature | FXTM | 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 brokers offer Islamic (swap-free) accounts for Singapore Muslim traders. FXTM provides swap-free accounts on all account types (Standard, ECN, and Cent) with no additional fees or time limits, making it fully Sharia-compliant. Hantec Markets also offers Islamic accounts but may charge administrative fees after 30 days of holding positions overnight. Singapore traders should confirm conditions with Hantec Markets before opening. FXTM’s more transparent policy is preferable for long-term holders.
| Support Feature | FXTM | Hantec Markets | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | FXTM |
FXTM offers 24/5 multilingual customer support via live chat, email, and phone, with a dedicated Singapore hotline. Hantec Markets provides 24/5 support via live chat and email but lacks a local phone line. FXTM’s response times are faster (under 30 seconds on live chat) and its Singapore-based team understands local trading needs better. Hantec Markets’ support is competent but less accessible for urgent issues.
| Mobile Feature | FXTM | Hantec Markets | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | FXTM |
| Google Play rating | 4.3 stars | 4.2 stars | FXTM |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | FXTM | Hantec Markets | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | FXTM |
Choose FXTM if you...
Choose Hantec Markets if you...
For Singapore traders, FXTM (4.3/5) is the clear winner over Hantec Markets (3.6/5) due to its lower spreads, faster execution, broader platform support (MT4/MT5), and superior local payment integration including instant PayNow deposits. Hantec Markets offers a reliable MAS-regulated alternative but falls short in cost efficiency and account flexibility. Sophisticated investors in Singapore’s financial hub will benefit more from FXTM’s advanced tools and competitive pricing. However, Hantec Markets may suit beginners or those preferring fixed spreads and personalized support. Both brokers are MAS-regulated, ensuring safety, but FXTM’s overall value proposition makes it the preferred choice for most Singapore traders.