Hantec Markets stands out as one of the reputable global brokerage firms, known for its strong trading infrastructure and client-focused strategy. Founded with the vision to facilitate seamless trading experiences.
This review delves into the various aspects of Hantec Markets. We will explore its regulatory framework, account types, trading platforms, and customer support, among other features, to provide a comprehensive understanding of what Hantec Markets has to offer to both novice and seasoned traders.
Hantec Markets: Overview
Established: 1990
Headquarters: England
Trading Platforms: MetaTrader 4, MetaTrader 5
Mobile Trading: Yes
Minimum Deposit: $10
Account Types: Standard
Hantec Markets was established in 1990 with its roots in Hong Kong and expanded globally, building a reputation for excellence across the world. The firm offers a comprehensive range of trading platforms and educational resources. Specializing in various asset classes, the firm has evolved to offer currency, CFDs, commodity, and indices trading with swift execution.
With a strategically placed network of offices in key financial hubs across Asia, Europe, and the Americas, Hantec Markets ensures a seamless trading experience for its global clients. The firm’s dedication to customer satisfaction and its industry-leading 360-degree customer service approach have earned it widespread recognition and trust among traders.
Regulation and Registration
Hantec Markets places a high emphasis on regulatory compliance, establishing trust and security for its clients. It’s regulated by the FCA and offers protection under the FSCS for client equity up to £85,000. The Hantec Group, its parent entity, holds licenses across four continents, including Australia, Japan, New Zealand, Mauritius, and Hong Kong, highlighting its ability to meet diverse international standards.
Additionally, in Mauritius, Hantec Markets Ltd. is authorized as an investment dealer by the Financial Services Commission, further reinforcing its commitment to financial integrity and client protection.
Account Types of Hantec Markets
The broker provides only one live Standard account type, ensuring uniform service across its retail client base. This Standard account comes with several key features:
Live Trading Account
- Minimum Deposit: $10
- Spreads: Raw spreads starting from 0.1 pips
- Commission: Zero
- Trading Instruments: Forex, bullion, commodities CFDs, index CFDs, and stock CFDs.
Deposit and Withdrawal
Hantec Markets ensures a fast and secure process for funding your trading account. The broker accepts multiple currencies for deposits, including USD, EUR, GBP, and NGN. A variety of deposit methods are offered, accommodating different preferences of traders. These methods include credit/debit cards, Skrill, Neteller, and China UnionPay. The minimum deposit requirement starts at $10 or its equivalent in other currencies, making it an appealing choice for traders with different investment capacities. However, the minimum amount may vary depending on the method.
For withdrawal, clients can easily process through their preferred payment method. Hantec Markets processes withdrawal requests submitted before 15:00 GMT on the same day, ensuring timely access to funds. However, the actual time taken for the funds to reflect in your account may vary between 2-5 working days, depending on factors like payment method and bank processing times. Notably, withdrawals are generally returned using the same payment method used for depositing the funds.
Products in Hantec Markets
- Forex
- Bullion
- Stocks
- Indices
- Commodities
- Cryptocurrencies
Trading Platform of Hantec Markets
- MetaTrader 4
- MetaTrader 5
Fees of Hantec Markets
Hantec Markets maintains a straightforward fee structure primarily centered around spreads and, in some cases, commissions for specific CFD markets. The primary cost to traders is the spread, depending on market conditions.
Additionally, a currency conversion fee of 0.6% is applied when the base currency of the trading account differs from the settlement currency of the traded market. This fee is added to the settlement exchange rate at the time of the transaction. Hantec Markets also charges swap rates with the rates depending on the trade size, position type, and underlying interest rates of the traded products.
Hantec Markets Promotions
The firm does not have any promotional bonuses for signing up (welcome bonus) or referring new traders.
Customer Support
Hantec Markets’ customer support is available 24 hours a day, 5 days a week, and offers services in several languages, including English, Chinese, Portuguese, etc. Here are some contact details for the international offices:
Santiago, Chile Office
- Email: [email protected]
- Phone: +56232109090
London Office
- Email: [email protected]
- Phone: +4420 7036 0850
Other Regions
- Email: [email protected]
- Phone (Ghana Office): +233 50 572 6656
- Phone (Nigeria Office): +234 708 060 1265
- Phone (UAE Office): +41225510215
- Phone (Thailand Office): 025061930
Pros & Cons
Pros
- Global licensing
- Competitive spreads
- Multiple deposit methods
- Multilingual customer support
Cons
- Limited account types
- Swap fees on overnight positions
- Currency conversion fee
- Variable withdrawal times
- No bonuses
- Variable minimum deposits
Pros Explained
- Operating across four continents shows a broad global licensing reach.
- Competitive spreads and zero commissions are offered on standard accounts, enhancing cost-efficiency.
- A variety of secure and fast deposit options, including credit/debit cards, Skrill, and Neteller, are available.
- Multilingual customer support is provided 24/7 in multiple languages, with global office locations for accessibility.
Cons Explained
- The availability of only one type of live trading account may limit options for traders.
- Swap fees on overnight positions could be a disadvantage for certain trading strategies.
- Trades involving different currencies incur a 0.6% currency conversion fee.
- Withdrawal processing times can vary, potentially causing delays.
- There are no bonuses, such as sign-up or referral bonuses, offered to clients.
- Minimum deposit amounts vary depending on the chosen payment method, which may not be convenient for all users.
Is Hantec Markets Worth Considering?
Deciding whether Hantec Markets is the right broker for your trading needs involves careful consideration of its features and offerings. With comprehensive trading platforms, a wide range of instruments, and an emphasis on regulatory compliance, Hantec Markets is suitable for both beginners and professional traders.
However, it’s essential to consider factors like fees, account types, and withdrawal processes in your decision-making. Due to swap fees on overnight orders, this broker might not be ideal for investors who prefer fixed spreads or those interested in carry trade. Furthermore, acquiring a swap-free account requires extra paperwork and is exclusively available to traders following Islamic principles.
FAQs
Hantec Markets is a global brokerage firm specializing in currency, CFDs, commodities, and indices trading. Known for its strong trading infrastructure and regulatory compliance, it offers diverse trading platforms and client-focused services.
The broker offers to trade in forex, Bullion, stocks, indices, commodities, and cryptocurrencies.
The minimum deposit starts at $10 or its currency equivalent, although this amount may vary depending on the chosen payment method.
No, Hantec Markets does not offer any sign-up or referral bonuses for traders.
Hantec Markets is regulated by the FCA and offers protection under the FSCS for client equity up to £85,000, ensuring high standards of financial security and client protection.
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