Quick Verdict — Paraguay Traders
Best Overall
IC Markets & Hantec Markets
Higher overall score & more features
Best Spreads
Hantec Markets
Lower trading costs for scalpers
Islamic Accounts
Both Available
Swap-free for Paraguay Muslims
Best for Beginners
IC Markets
Better education & support
1:5000 vs 1:500
Max leverage
Head-to-head comparison
Paraguay traders seeking a reliable forex broker have two strong contenders: IC Markets and Hantec Markets. IC Markets, rated 4.8/5, is a global leader known for its ultra-tight spreads, fast execution, and extensive platform support. Hantec Markets, rated 3.6/5, is a smaller broker with a focus on personalized service and a more curated trading environment. For Paraguay residents, both brokers accept local payment methods including Bank Transfer, Skrill, Neteller, and USDT TRC20, making deposits and withdrawals straightforward. The local financial regulator oversees forex activities in Paraguay, but neither broker is directly regulated there—both rely on top-tier international licenses. This comparison breaks down costs, platforms, regulation, and deposit methods to help Paraguay traders choose the best fit for their retail trading needs in 2026.
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Overall Scores Comparison
IC Markets
ASIC · CySEC · FSA
3.6
CompareBroker score
Winner
VS
Hantec Markets
FCA · ASIC · JFSA
3.6
CompareBroker score
Trading Costs
Spreads, commissions
Platforms
MT4, MT5, cTrader, TV
Regulation
Safety, oversight
Customer Support
24/5, chat, phone
Education
Webinars, guides
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Trading Costs - Spreads & Commissions
| Instrument | IC 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 | $200 | $10 | Hantec Markets |
IC Markets offers the lowest trading costs for Paraguay traders, with spreads starting from 0.0 pips on its Raw Spread account plus a $3.50 commission per lot per side. Hantec Markets has higher spreads, typically from 0.8 pips on its standard account with no commission. For a Paraguay trader executing 10 standard lots per month in USD pairs, IC Markets can save approximately $50–$80 in total costs compared to Hantec Markets. The difference is even more pronounced for scalpers and high-frequency traders who benefit from IC Markets’ tighter pricing and lower swap rates.
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Account Types Comparison
| Account Type | IC Markets | Hantec Markets |
|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✗ |
| Zero spread account | ✓ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $200 | $10 |
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Leverage Comparison - Paraguay Traders
| Entity / Asset | IC Markets | Hantec Markets |
|---|
| Paraguay (offshore) | Up to 1:5000 | Up to 1:500 |
| Forex major pairs | 1:5000 | 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 |
Leverage Warning for Paraguay Traders
Traders in Paraguay typically open accounts under offshore entities with up to 1:500 leverage. High leverage significantly increases risk.
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Trading Instruments - Assets Available
| Asset Class | IC Markets | Hantec Markets | Winner |
|---|
| Forex pairs | 90+ | 65+ | IC Markets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | IC Markets |
| Crypto CFDs | 30+ | ✗ | IC Markets |
| Stocks / Share CFDs | ✗ | 1,700+ | Hantec Markets |
| ETFs | ✗ | ✗ | Tie |
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Execution Quality - Speed & Slippage
| Factor | IC Markets | Hantec Markets | Winner |
|---|
| Execution model | ECN/STP | True ECN | Hantec Markets |
| Avg execution speed | ~30ms | ~40ms | IC Markets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
IC Markets delivers ultra-fast execution with an average speed of 40ms, using Equinix NY4 data centers and No Dealing Desk (NDD) model. Hantec Markets has slower execution, averaging 100–150ms, which can impact slippage for Paraguay traders during volatile markets. IC Markets’ execution quality is ideal for scalpers and news traders, while Hantec Markets suits longer-term traders who prioritize stability over speed.
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Regulation & Safety for Paraguay Traders
| Safety Factor | IC Markets | Hantec Markets |
|---|
| Primary regulator | ASIC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
IC Markets Global is not
FCA-authorised — the FCA has issued a public warning about this entity, and its clients do not have FOS or FSCS protection; verify the specific entity and licence before depositing. Vincent). Neither broker is directly regulated by the Paraguayan local financial regulator, but both comply with international standards that offer client fund segregation and negative balance protection. For Paraguay traders, this means your funds are held in segregated accounts with reputable banks, providing a layer of security.
Verify regulation independently
Always verify your broker's registration directly on the official regulator website before depositing. Regulation details for Paraguay traders may differ by entity.
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Deposits & Withdrawals for Paraguay
| Payment Method | IC Markets | Hantec Markets |
|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | E-wallets instant-24hrs; Cards 3-5 business days (up to 10); Int'l bank wire up to 14 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 |
Paraguay traders can fund their accounts at both brokers using Bank Transfer, Skrill, Neteller, and USDT TRC20. IC Markets processes Skrill and Neteller deposits instantly with no fees, while bank transfers take 1–3 business days. USDT TRC20 deposits are also instant and fee-free, ideal for crypto-savvy Paraguay traders. Hantec Markets supports similar methods but may charge a small fee for bank transfers and has higher minimum deposits for certain options. Withdrawals at IC Markets are processed within 24 hours for e-wallets and USDT, while Hantec Markets may take up to 2 business days. Both brokers require verification documents to comply with KYC regulations.
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Islamic Accounts - Swap-Free for Paraguay Muslims
| Islamic Account Feature | IC 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 |
IC Markets offers Islamic (swap-free) accounts on both Standard and Raw Spread accounts, with no overnight interest charges or fees. Hantec Markets also provides Islamic accounts upon request, but approval may take longer and is subject to review. For Paraguay Muslim traders, IC Markets is the more convenient option as the swap-free feature is available immediately without special application. Both brokers require that Islamic accounts are not used for pure swap arbitrage, and IC Markets reserves the right to convert accounts if such activity is detected.
Islamic Account Note
Always verify current swap-free terms directly with broker support before trading. Admin fees or holding period restrictions may apply.
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Customer Support Comparison
| Support Feature | IC Markets | Hantec Markets | Winner |
|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | IC Markets |
IC Markets offers 24/7 multilingual customer support via live chat, email, and phone, with Spanish-speaking agents available for Paraguay traders. Hantec Markets provides support during business hours only, with a more limited team. IC Markets’ response time is under 30 seconds on live chat, while Hantec Markets may take several minutes. For Paraguay traders needing quick assistance, IC Markets is the better choice.
| Mobile Feature | IC Markets | Hantec Markets | Winner |
|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | IC Markets |
| Google Play rating | 4.3 stars | 4.2 stars | IC Markets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
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Education & Research Tools
| Resource | IC Markets | Hantec Markets | Winner |
|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | ✗ | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | IC Markets |
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Real User Reviews - Trustpilot
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Pros & Cons of Each Broker
IC Markets
Pros
+Top-tier regulated
+Islamic swap-free account
Cons
-No TradingView
-$200 min deposit
-No 24/7 support
Hantec Markets
Pros
+Top-tier regulated
+Islamic swap-free account
Cons
-No TradingView
-No 24/7 support
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Who Should Use Which Broker? - Paraguay Guide
Choose IC Markets if you...
- Want the lowest spreads and commissions for active trading in USD pairs
- Prefer advanced platforms like MT4, MT5, and cTrader with Spanish support
- Need fast deposits and withdrawals via Skrill, Neteller, or USDT TRC20
- Are a scalper or algorithmic trader requiring sub-50ms execution
Choose Hantec Markets if you...
- Prefer a smaller, more personalized broker with dedicated account managers
- Trade less frequently and value a simpler platform (MT4 only)
- Are willing to accept higher spreads for no-commission trading
- Do not need advanced tools or fast execution for your strategy
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FAQ - IC Markets vs Hantec Markets in Paraguay
Is IC Markets or Hantec Markets better for Paraguay?
+Can Paraguay traders use both brokers legally?
+Which broker has lower spreads for Paraguay traders?
+How do Paraguay traders deposit at IC Markets and Hantec Markets?
+Do both brokers offer Islamic accounts for Paraguay?
+Final Verdict - Paraguay 2026
IC Markets & Hantec Markets tied wins overall
For most Paraguay retail traders, IC Markets is the superior choice due to its higher rating (4.8/5), lower costs, faster execution, and extensive platform options. It supports local payment methods like Bank Transfer, Skrill, Neteller, and USDT TRC20, making it easy to fund and withdraw in USD. While Hantec Markets offers a more personalized experience, its higher spreads and slower execution make it less competitive for active traders. Both brokers are accessible to Paraguay residents and operate under strong international regulation. If you prioritize cost efficiency and trading flexibility, IC Markets is the recommended broker for Paraguay in 2026.
Risk Disclaimer: CFDs and forex trading involve significant risk of loss. Between 74-89% of retail investor accounts lose money when trading CFDs. All data verified as of October 2026.
