Which broker is better for Cyprus traders in 2026? Expert analysis across 12 categories.

Cyprus traders looking for a reliable forex broker have two strong options: Pepperstone and Hantec Markets. Both are regulated by the local financial regulator CySEC, ensuring compliance with European standards. Pepperstone, with a 4.9/5 score, is known for ultra-low spreads, fast execution, and a wide range of deposit methods including USDT. Hantec Markets, scoring 3.6/5, offers a more traditional trading environment with solid customer service but higher costs. This comparison focuses on what matters most to Cypriot retail traders: trading costs, platform usability, deposit options (Bank Transfer, Skrill, Neteller, USDT), and regulatory protection. Whether you trade EUR/USD or gold, understanding the differences between these brokers will help you choose the right one for your trading style and local needs.

| Instrument | Pepperstone | 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 | $0 | $1000 | Pepperstone |
| Inactivity fee | ✓ | ✓ | Tie |
For Cyprus traders, trading costs are a key differentiator. Pepperstone offers spreads from 0.0 pips on its Razor account with a commission of $7 per lot round turn, making it ideal for high-volume traders. Hantec Markets’ spreads start at 0.6 pips with no commission, but the wider spreads increase costs for frequent traders. If you trade 10 lots per month, Pepperstone’s total cost is about $70, while Hantec Markets would cost around $120 in spread difference. For Cypriot traders who scalp or day trade, Pepperstone’s lower costs provide a clear advantage.
| Account Type | Pepperstone | Hantec Markets |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✓ | ✓ |
| Copy trading | ✗ | ✗ |
| VPS trading | ✓ | ✓ |
| Min deposit | $0 | $1000 |
| Neg. balance protection | ✓ | ✓ |
| Entity / Asset | Pepperstone | Hantec Markets |
|---|---|---|
| Cyprus (offshore) | Up to 1:500 | Up to 1:500 |
| Forex major pairs | 1:500 | 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 |
| Margin call level | 80% | 80% |
| Stop out level | 50% | 50% |
| Asset Class | Pepperstone | Hantec Markets | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | Pepperstone |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | Pepperstone |
| Crypto CFDs | 30+ | ✗ | Pepperstone |
| Stocks / Share CFDs | ✗ | 1,700+ | Hantec Markets |
| ETFs | ✗ | ✗ | Tie |
| Options | ✗ | ✗ | Tie |
| Futures | ✗ | ✗ | Tie |
| Platform | Pepperstone | Hantec Markets |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✓ | ✗ |
| TradingView | ✓ Exclusive | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
| Fixed spreads | ✗ | ✗ |
| Variable spreads | ✓ | ✓ |
Both brokers offer MetaTrader 4 and MetaTrader 5, which are popular among Cyprus traders. Pepperstone also provides cTrader and its own web platform, giving more flexibility for advanced charting and automated trading. Hantec Markets sticks to MT4/MT5 and a basic web trader. For Cypriot traders who want faster order execution and more platform choices, Pepperstone is the better option. Hantec Markets’ platforms are stable but lack the advanced features that active traders often need.
| Factor | Pepperstone | Hantec Markets | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Hantec Markets |
| Avg execution speed | ~30ms | ~40ms | Pepperstone |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Dealing desk | ✗ | ✗ | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| News trading | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
Pepperstone uses Equinix NY4 and LD5 data centers for ultra-fast execution, with average speeds under 30ms. Hantec Markets offers standard execution with occasional slippage during volatile markets. For Cyprus traders who trade news events or use scalping strategies, Pepperstone’s superior execution quality reduces slippage and improves trade accuracy.
| Safety Factor | Pepperstone | Hantec Markets |
|---|---|---|
| Primary regulator | FCA | FCA |
| Reg number | #684312 | #502635 |
| Verify registration | Verify ↗ | Verify ↗ |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Both Pepperstone and Hantec Markets are regulated by the Cyprus Securities and Exchange Commission (CySEC), the local financial regulator. This means Cyprus traders benefit from negative balance protection, client fund segregation, and access to the Investor Compensation Fund (ICF) up to €20,000. Pepperstone also holds additional licenses from FCA and ASIC, adding an extra layer of oversight. Hantec Markets is solely CySEC-regulated. For Cyprus traders, both brokers offer strong regulatory protection, but Pepperstone’s multi-regulator status provides more security.
| Payment Method | Pepperstone | Hantec Markets |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✗ |
| Deposit fee | None | None |
| Withdrawal time | Same business day if submitted before 07:00 AEST; otherwise next business day; bank wire several days | Cards/e-wallets instant-minutes; crypto 1-3h; bank wire 2-4 business days (some sources cite up to 7); internal processing as fast as 5 min, cutoff 14:00 GMT |
| Min withdrawal | $50 | $50 |
Cyprus traders can fund their accounts using Bank Transfer, Skrill, Neteller, and USDT at both brokers. Pepperstone processes deposits instantly for Skrill and Neteller, and USDT deposits are available via Tron and ERC-20 networks with no fees. Hantec Markets also supports these methods but USDT deposits may take up to 2 hours and have limited network options. Bank transfers are free but take 1-3 business days. Withdrawals at Pepperstone are processed within 24 hours for e-wallets, while Hantec Markets takes 1-2 business days. For Cypriot traders who prefer crypto deposits, Pepperstone’s USDT support is more flexible and faster.
| Islamic Account Feature | Pepperstone | Hantec Markets |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| Gold swap-free | ✓ | ✓ |
| Crypto swap-free | ✓ | — |
| How to apply | Contact support | Contact support |
Both brokers offer Islamic (swap-free) accounts for Cyprus Muslim traders. Pepperstone provides Islamic accounts on both Standard and Razor accounts with no swap fees on overnight positions, and no additional charges. Hantec Markets also offers swap-free accounts but requires a formal request and approval, which may take up to 48 hours. Pepperstone’s process is simpler and more transparent, making it the preferred choice for Cypriot Muslim traders who want a hassle-free Islamic trading experience.
| Support Feature | Pepperstone | Hantec Markets | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| 24/5 support | ✓ | ✓ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | Pepperstone |
Pepperstone offers 24/5 multilingual customer support via live chat, phone, and email, with a dedicated Cyprus phone line. Hantec Markets provides support in Greek and English during market hours but lacks 24/7 availability. For Cyprus traders who need quick assistance, Pepperstone’s round-the-clock support is more reliable.
| Mobile Feature | Pepperstone | Hantec Markets | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5★ | 4.3★ | Pepperstone |
| Google Play rating | 4.3★ | 4.2★ | Pepperstone |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| Mobile deposit/withdrawal | ✓ | ✓ | Tie |
| TradingView mobile | ✓ | ✗ | Pepperstone |
| Dark mode | ✓ | ✓ | Tie |
| Resource | Pepperstone | Hantec Markets | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Pepperstone |
| Webinars (live) | Weekly | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | Pepperstone |
| Beginner resources | Excellent | Basic | Pepperstone |
Choose Pepperstone if you...
Choose Hantec Markets if you...
For Cyprus retail traders, Pepperstone is the clear winner with its 4.9/5 rating, lower spreads, faster execution, and more flexible deposit methods including Bank Transfer, Skrill, Neteller, and USDT. Its regulation by CySEC and additional international licenses provide strong protection. Hantec Markets (3.6/5) is a viable option for those who prefer a traditional broker with less complexity, but its higher spreads and slower execution make it less competitive. If you’re a Cypriot trader looking to minimize costs and maximize trading efficiency, Pepperstone is the recommended choice for 2026.