Hantec Markets vs Oanda for Singapore Traders (2026)

For Singapore traders, trading costs are a critical factor, especially when trading USD/SGD or EUR/USD. Hantec Markets offers spreads from 0.1 pips on major pairs with its Raw account, while Oanda's standard spreads start at 0.6 pips. For a trader executing 10 standard lots per month, Hantec Markets can save approximately SGD 50-80 in spread costs compared to Oanda. Hantec also charges a low commission of SGD 3 per lot on Raw accounts, whereas Oanda's commission-free pricing is offset by wider spreads. Oanda's variable spreads can widen during Asian session volatility, impacting intraday traders. Hantec's fixed spread options provide more predictability for Singapore scalpers. Overall, Hantec Markets offers a clear cost advantage, particularly for high-volume traders.

Oanda leads in platform variety, offering MetaTrader 4, MetaTrader 5, and its proprietary Oanda Trade platform with advanced charting and automated trading via API. This suits Singapore traders who use Expert Advisors or custom indicators. Hantec Markets provides MT4 and MT5 only, but its platforms are optimised for low latency execution on Singapore-based servers. Oanda's web platform includes over 100 technical indicators and real-time news feeds, ideal for fundamental analysis. Hantec's platform selection is more limited but reliable for traders who prefer simplicity and speed. For mobile trading, both offer apps with full functionality. Singapore traders who prioritise advanced tools may prefer Oanda, while those focused on execution speed will find Hantec adequate.

Hantec Markets uses No Dealing Desk (NDD) execution with ECN connectivity, providing direct market access and average execution speeds under 50ms. Oanda uses a market maker model with some internalisation, which can lead to requotes during volatile periods. For Singapore traders trading during Asian sessions, Hantec's execution is more reliable with minimal slippage. Oanda's execution is still competitive but may not suit scalpers or high-frequency traders.

Both Hantec Markets and Oanda hold MAS licences, providing Singapore traders with strong regulatory protection under the Securities and Futures Act. MAS requires brokers to segregate client funds in trust accounts and adhere to leverage limits of 1:50 for retail traders. Hantec Markets is also regulated by the FCA in the UK and FSA in Japan, adding an extra layer of oversight. Oanda is regulated by multiple bodies including the CFTC in the US and FCA in the UK. For Singapore traders, MAS regulation ensures that both brokers comply with local anti-money laundering rules and provide dispute resolution through the Financial Industry Disputes Resolution Centre (FIDReC). This makes both brokers equally safe from a regulatory standpoint.

Singapore traders have convenient deposit options at both brokers. Hantec Markets supports PayNow, Bank Transfer, and Credit Card deposits in SGD with no fees and processing times of 1-2 hours for PayNow and Bank Transfer. Oanda also accepts PayNow and Bank Transfer, but Credit Card deposits incur a 1% fee. Withdrawals at Hantec Markets are processed within 24 hours via Bank Transfer to local Singapore banks, with no fees for SGD withdrawals. Oanda offers similar withdrawal times but may charge a small fee for international transfers if not in SGD. Both brokers allow instant Credit Card deposits, but Hantec's no-fee policy gives it an edge. For high-volume traders, Hantec's faster PayNow processing is a practical advantage for managing capital in Singapore.

Both Hantec Markets and Oanda offer Islamic (swap-free) accounts for Muslim traders in Singapore, in compliance with Sharia law. Hantec Markets provides swap-free accounts on request for all account types, with no swap charges on overnight positions, and no additional fees. Oanda's Islamic accounts are available but limited to certain account types, and traders may need to provide proof of Muslim faith or residency in a Muslim-majority country. Hantec's policy is more straightforward for Singapore Muslim traders, as it does not require extensive documentation. Both brokers ensure that swap-free accounts do not incur interest, but Oanda's restrictions may be a barrier for some. For Singapore Muslim traders, Hantec Markets is the more accessible option.

Hantec Markets offers 24/5 multilingual customer support with a dedicated Singapore hotline and email response within 4 hours. Oanda provides 24/7 support via live chat and phone, but its Singapore office hours are limited to business days. Hantec's local presence in Singapore ensures faster response times for local queries, while Oanda's global support team can be slower during weekends. Both brokers offer support in English and Mandarin, catering to Singapore's diverse trader base.