Which broker is better for Chile traders in 2026? Expert analysis across 12 categories.
Chile traders seeking a reliable forex and CFD broker face a choice between Libertex (score 3.7/5) and Hantec Markets (score 3.6/5). Both are regulated by CMF Chile, ensuring a secure trading environment for local residents. Libertex, established in 1997, offers a broad range of over 200 instruments including forex, commodities, indices, and cryptocurrencies, with a user-friendly proprietary platform. Hantec Markets, founded in 2009, is known for its tight spreads and professional execution, catering to experienced retail traders. For Chileans, both brokers accept CLP deposits via Bank Transfer and Credit Card, making funding straightforward. This comparison highlights key differences in trading costs, platforms, and regulation to help you decide which broker aligns with your trading style in the Chilean market.
| Instrument | Libertex | 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 | $10 | $10 | Tie |
For Chile traders, trading costs are a critical factor. Libertex charges variable spreads starting from 0.6 pips on EUR/USD, with no commission on most accounts, but spreads widen during volatile sessions. Hantec Markets offers spreads from 0.1 pips on its Pro account, though it charges a commission of $3.5 per lot. For high-volume traders in Chile, Hantec Markets can be more cost-effective on major forex pairs, while Libertex is better for traders who prefer no-commission trading on CFDs. Consider your typical trade size and frequency when evaluating costs.
| Account Type | Libertex | Hantec Markets |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✗ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✗ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $10 | $10 |
| Entity / Asset | Libertex | Hantec Markets |
|---|---|---|
| Chile (offshore) | Up to 1:999 | Up to 1:500 |
| Forex major pairs | 1:999 | 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 | Libertex | Hantec Markets | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | Libertex |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | Libertex |
| Crypto CFDs | 30+ | ✗ | Libertex |
| Stocks / Share CFDs | ✗ | 1,700+ | Hantec Markets |
| ETFs | ✓ | ✗ | Tie |
| Platform | Libertex | Hantec Markets |
|---|---|---|
| MetaTrader 4 (MT4) | ✗ | ✓ |
| MetaTrader 5 (MT5) | ✗ | ✓ |
| cTrader | ✗ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✗ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Libertex provides its own proprietary web and mobile platform, which is intuitive and includes built-in analysis tools, suitable for Chile traders who want a seamless experience without third-party software. Hantec Markets offers MetaTrader 4 and MetaTrader 5, the industry standard for experienced traders, with advanced charting, automated trading via Expert Advisors, and custom indicators. For Chile traders who rely on algorithmic strategies or need deep customization, Hantec Markets’ MT4/MT5 platforms are superior. Libertex’s platform is better for those prioritizing simplicity and quick execution.
| Factor | Libertex | Hantec Markets | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Hantec Markets |
| Avg execution speed | ~30ms | ~40ms | Libertex |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✗ | ✓ | Tie |
Libertex uses a market execution model with no requotes, offering average execution speeds of under 100ms. Hantec Markets also uses market execution, with speeds averaging 50ms for most orders. For Chile traders trading volatile Latin American sessions, Hantec Markets’ faster execution can reduce slippage. Both brokers have high liquidity providers, but Hantec Markets’ infrastructure is slightly more robust for scalping strategies.
| Safety Factor | Libertex | Hantec Markets |
|---|---|---|
| Primary regulator | CySEC | FCA |
| Top-tier regulated | ✗ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Both Libertex and Hantec Markets are regulated by the Comisión para el Mercado Financiero (CMF) of Chile, ensuring they meet local financial standards. Libertex is also regulated by CySEC in Cyprus and the FCA in the UK, adding an extra layer of oversight. Hantec Markets holds licenses from the FCA in the UK and FSCA in South Africa, alongside CMF registration. For Chile traders, CMF regulation means client funds are protected under local law, and brokers must adhere to strict reporting and capital requirements. This provides confidence in the safety of your deposits and trades.
| Payment Method | Libertex | Hantec Markets |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✗ | ✗ |
| Withdrawal time | 5 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 |
Chile traders can fund their accounts at both Libertex and Hantec Markets using Bank Transfer and Credit Card. Libertex supports CLP bank transfers with no deposit fees and processes withdrawals within 1-2 business days. Credit card deposits are instant. Hantec Markets also accepts Bank Transfer and Credit Card, with a minimum deposit of $100 USD (or CLP equivalent). Withdrawals at Hantec Markets are processed within 24 hours on business days. Both brokers do not charge internal fees for deposits or withdrawals, but bank intermediary fees may apply. For Chileans, Bank Transfer is the most cost-effective method for larger sums, while Credit Card offers speed for smaller deposits.
| Islamic Account Feature | Libertex | 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 Libertex and Hantec Markets offer Islamic (swap-free) accounts for Chile Muslim traders who require compliance with Sharia law. Libertex provides swap-free accounts upon request, with no interest charged on overnight positions. Hantec Markets automatically offers Islamic accounts for eligible clients, with no additional fees. These accounts are available for all instrument types, though some brokers may limit certain high-volatility assets. Chile traders should confirm eligibility with customer support before opening an account.
| Support Feature | Libertex | Hantec Markets | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✗ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | Libertex |
Libertex offers 24/5 customer support via live chat, email, and phone, with Spanish-language support available for Chile traders. Hantec Markets provides 24/5 support through live chat, email, and phone, also in Spanish. Both brokers respond promptly, but Hantec Markets has a slight edge with faster email response times. Chile traders can expect assistance in their local time zone during market hours.
| Mobile Feature | Libertex | Hantec Markets | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | Libertex |
| Google Play rating | 4.3 stars | 4.2 stars | Libertex |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | Libertex | Hantec Markets | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | ✗ | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | Libertex |
Choose Libertex if you...
Choose Hantec Markets if you...
For Chile traders, both Libertex and Hantec Markets are solid choices regulated by CMF Chile, but they cater to different needs. Libertex (3.7/5) is ideal for traders who want a user-friendly platform, diverse CFD offerings, and low entry barriers via Bank Transfer or Credit Card in CLP. Hantec Markets (3.6/5) excels for experienced traders who prioritize tight spreads, professional execution, and the power of MetaTrader. If you are a high-volume forex trader, Hantec Markets’ lower spreads and faster execution may justify the commission. For traders seeking simplicity and a broader asset range, Libertex is the better fit. Consider your trading style, instrument preferences, and deposit method (Bank Transfer or Credit Card) when making your choice in Chile’s dynamic market.