Broker Review Contents
Hantec Markets Review
Hantec Markets is a broker that provides forex trading services. They provide traders with access to a wide range of assets in a number of markets, including currencies, indices, and commodities.
- Segregates client funds
- Established in 1990
- Regulated by Financial Conduct Authority
- Min. deposit from $1000
- Doesn’t allow EAs (See alternatives)
- Inactivity Fee
- Limited range of instruments
- Not ASIC Regulated (See alternatives)
A minimum deposit of $1000 is required to create a live account. Alternatively, Hantec Markets provides a demo account that you may use to practise and become acquainted with their platform.
Regulated by the Financial Conduct Authority in the United Kingdom(FRN: 502635), Hantec Markets keeps all customer funds in a separate bank account and works with tier-1 institutions to do so. Hantec Markets has been in business since 1990, and have a head office in the UK and Hong Kong.
Before we get into the specifics of Hantec Markets’s spreads, fees, platforms, and trading tools, you may want to open their website in a new tab by clicking the button below to get the most up-to-date information straight from them.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
What are Hantec Markets’s spreads & fees?
Hantec Markets, like most brokers, charges a fee based on the spread, which is the difference between the buy and sell price of an asset.
The commissions and spreads shown here are based on the minimal spreads available on Hantec Markets’s website.
|Forex||Hantec Markets||City Index||XTB|
|EUR/USD(Average: 0.7 pips)||0.2 pips||0.7 pips||0.1 pips|
|GBP/USD(Average: 1.1 pips)||0.5 pips||1.7 pips||0.1 pips|
|USD/JPY(Average: 1.1 pips)||0.5 pips||0.6 pips||0.1 pips|
|AUD/USD(Average: 0.8 pips)||0.6 pips||0.6 pips||0.2 pips|
|USD/CHF(Average: 2.3 pips)||0.5 pips||2.3 pips||0.2 pips|
|USD/CAD(Average: 2.9 pips)||0.6 pips||0.5 pips||0.3 pips|
|NZD/USD(Average: 3.6 pips)||0.6 pips||2.8 pips||0.3 pips|
|EUR/GBP(Average: 2.4 pips)||0.7 pips||0.5 pips||0.1 pips|
Spreads are dynamic and are for informational purposes only.
As you can see, Hantec Markets’s minimum spread for trading EUR/USD is 0.2 pips – which is relatively low compared to the average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with Hantec Markets vs. similar brokers.
How much does Hantec Markets charge to trade 1 lot of EUR/USD?
If you bought one standard lot of EUR/USD (100,000 units) with Hantec Markets at an exchange rate of 1.1719 and sold it the next day at the same rate, you would most likely pay $15.1. Here’s a quick summary of the costs and how they compare to XTB and AvaTrade.
|Spread from:||$ 2.00||$ 2.00||$ 7.00|
|Total cost of a 100k trade:||$ 2.00||$ 2.00||$ 7.00|
|$0 less||$5 more|
|VISIT Hantec Markets||VISIT XTB||VISIT AVATRADE|
All fees/prices are for informational purposes and are subject to change.
What can you trade with Hantec Markets?
Hantec Markets provides over 50 different trading products, including more than 40 currency pairings. We’ve summarised all of the different types of instruments offered by Hantec Markets below, along with XTB and AvaTrade products for comparison.
|FX / Currencies||Hantec Markets||XTB||AvaTrade|
|# of forex pairs offered||44||48||59|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes||Yes|
|Exotic forex pairs||Yes||Yes||Yes|
|Commodity CFDs||Hantec Markets||XTB||AvaTrade|
|# of commodities offered||4||21||16|
|Index & Stock CFDs||Hantec Markets||XTB||AvaTrade|
|# of stocks offered||0||1606||99|
|SEE Hantec Markets’S INSTRUMENTS||SEE XTB’S INSTRUMENTS||SEE AVATRADE’S INSTRUMENTS|
What’s the Hantec Markets trading experience like?
1) Platforms and apps
Hantec Markets provides the well-known MT4 forex trading platform. See our MT4 broker comparison for a list of the best MT4 brokers. Traders may trade with their preferred device thanks to the mix of downloading platforms for both Mac and Windows.
They now provide mobile apps for Android and iOS, making it simpler to monitor and execute transactions while on the go.
Still not sure?
2) Executing Trades
Hantec Markets allows you to execute a minimum trade of 0.01 Lot. This may vary depending on the account you open. Hantec Markets allows you to execute a maximum trade of 50 Lot. As Hantec Markets offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you’re paying to execute your trades.
As a market maker, Hantec Markets may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.
Finally, we’ve listed some of the popular funding methods that Hantec Markets offers its traders below.
- Allows scalping
- Allows hedging
- Offers STP
- Low min deposit
- Demo account
- Mini account
- Standard account
- ECN account
- Islamic account
- Credit cards
- Bank Transfer
3) Client support
Hantec Markets is available in a variety of languages, including English, Mandarin, Cantonese, and Polish.
4) What you’ll need to open an account with Hantec Markets
Because Hantec Markets is regulated by the Financial Conduct Authority, every new customer must go through a few simple compliance checks to verify that you understand the risks of trading and are permitted to trade. When you establish an account, you will most likely be asked for the following information, so have it handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You’ll also need to answer a few basic compliance questions to prove your trading expertise, so allow at least 10 minutes to finish the account opening procedure.
While you may be able to browse their site immediately, it is essential to know that you will not be allowed to execute any transactions until you pass compliance, which can take several days, depending on your situation.
79% of retail investor accounts lose money when trading CFDs with this provider.