IC Markets vs Hantec Markets for Mongolia Traders (2026)

IC Markets offers spreads from 0.0 pips on its Raw Spread account with a $3.50 commission per lot per side, making it highly cost-effective for high-volume Mongolia traders. On the Standard account, spreads start from 0.6 pips with no commission. Hantec Markets uses fixed spreads starting from 1.2 pips on EUR/USD, with no commission. For a Mongolia trader executing 10 lots per month, IC Markets can save up to $200 in spread costs compared to Hantec Markets. The difference is even larger for traders using scalping or EA strategies, where tight spreads directly impact profitability.

Both brokers offer MetaTrader 4 and MetaTrader 5, which are the preferred platforms for Mongolia traders due to their reliability and support for automated trading via Expert Advisors. IC Markets also provides cTrader, a modern platform with advanced charting and depth of market. Hantec Markets offers only MT4 and MT5. For Mongolia traders who use VPS or run EAs, IC Markets' low-latency servers in Tokyo and New York provide faster order execution, which is critical for scalping strategies.

IC Markets uses raw ECN execution with no dealing desk intervention, offering average execution speeds of 40ms on MetaTrader 4. Hantec Markets uses a hybrid model with some manual intervention, resulting in slower execution (around 100ms). For Mongolia traders using scalping or high-frequency strategies, IC Markets' faster execution and lower slippage are critical. Hantec Markets' fixed spread model can lead to requotes during news events, which is a disadvantage for active traders.

IC Markets is regulated by the FSA Seychelles and ASIC Australia, while Hantec Markets is regulated by the FCA UK and FSA Japan. Neither broker is directly regulated by the FRC Mongolia, but they operate under reputable jurisdictions. For Mongolia traders, FCA regulation (Hantec Markets) offers stronger investor protection, including negative balance protection and access to the Financial Ombudsman Service. IC Markets' FSA license provides less protection but allows higher leverage (up to 1:500), which some Mongolia traders prefer for maximizing capital efficiency.

IC Markets supports Bank Transfer, QPay, and USDT deposits, making it the most convenient option for Mongolia traders. Bank transfers take 1-3 business days, QPay is instant, and USDT deposits are processed within minutes. Minimum deposit is $200. Withdrawals are free and processed within 24 hours via the same method. Hantec Markets accepts Bank Transfer and credit/debit cards only, with no QPay or USDT support. Minimum deposit is $100, but withdrawals can take 2-5 business days. For Mongolia traders who value speed and local payment methods, IC Markets is the clear winner.

Both brokers offer Islamic (swap-free) accounts for Muslim traders in Mongolia. IC Markets provides swap-free accounts on request for all account types (Standard, Raw Spread, cTrader). Hantec Markets offers Islamic accounts automatically for clients who declare their Muslim faith, with no swap charges on overnight positions. Neither broker charges additional fees for Islamic accounts. However, IC Markets' tighter spreads give Muslim traders in Mongolia a cost advantage, especially for long-term positions where swap fees are avoided.

IC Markets offers 24/7 live chat, email, and phone support in English, with response times under 2 minutes on live chat. Hantec Markets provides support during business hours (Monday-Friday) via live chat and phone, with slower email responses. For Mongolia traders who trade during Asian sessions, IC Markets' round-the-clock support is more reliable, especially for technical issues during volatile market hours.