abstrak：Hantec Markets is a global forex broker that offers the MT4 trading platform as well as automated and social trading solutions. This research looks at the broker's spreads, minimum deposit, demo competitions, and regulations. Continue reading to learn if you should set up an account.
Hantec Markets is a worldwide forex broker that provides the MT4 platform as well as automated and social trading solutions. The broker's spreads, minimum deposit, demo contests, and rules are all covered in this study. Continue reading to find out whether you should create an account.
Hantec Markets Company Information
Hantec Markets Limited was founded in 2008 by an established financial services firm. The EU-regulated broker, headquartered in London, UK, has since created tens of thousands of real accounts for customers all across the globe, from Europe to the Middle East.
The CEO has established more than ten worldwide offices, and the firm offers trading services in all countries except the United States, Iran, and North Korea.
Trading Platform MetaTrader 4 (MT4)
MT4 is a well-known trading platform that offers a well-rounded, easy trading experience. MT4 features significant capabilities while maintaining an easy-to-use interface that is ideal for inexperienced traders, with over 30 technical analysis tools, 50 indicators, and nine timelines. It also supports automated trading using FIX API and ZuluTrade. The latter additionally allows for social and copy trade.
The Hantec Markets website offers a free download of MT4.
Learn more about WikiFX Expert Advisors and how they may assist you with your trading journey.
Assets
The broker offers 44 forex pairs for customers to trade, including four main pairs, 20 minors, and 20 exotics. The remaining instruments are less competitive, with just gold, silver, two crude oil instruments, and 10 stock indices available.
Commissions & Spreads
Hantec Markets imposes fees in the form of spreads and commissions. Spreads vary but are competitive, with EUR/USD normally averaging 0.2 pips, GBP/USD averaging 0.5 pips, and EUR/GBP averaging 0.7 pips. On CFD index transactions, fees are negotiable.
Swaps are fees imposed for positions maintained overnight that vary according to the market.
Leverage
International customers of Hantec Markets have access to leverage of up to 1:200 for FX transactions, 1:500 for indices, 1:20 for gold, and 1:10 for silver and oil.
ESMA rules restrict leverage for European customers to 1:30 for main FX pairs, 1:20 for minors and exotics, gold, and stock indices, and 1:10 for oil and silver.
Professional traders may be able to negotiate greater leverage rates by contacting the customer service staff, which is listed below.
Apps for Mobile Devices
Hantec Markets provides a mobile application for iOS and Android smartphones. The software provides 30 indicators, many charting kinds, several order types, and speedy execution, giving you control over your trade no matter where you are. Total account administration is also possible with the mobile client site.
Payment Options
For transactions in USD, EUR, GBP, or NGN, the broker provides a standard set of payment options. Payment cards, bank wire transfers, and Skrill and Neteller e-wallets are all accepted. Because there is no minimum deposit requirement, the broker is an appealing alternative for newcomers.
Deposits and withdrawals are free for European customers, although big withdrawals using e-wallets may incur fees for foreign customers. Some banks may charge processing fees as well.
If requested before 15:00 GMT, Hantec Markets processes withdrawals the same day. However, the funds may take two to five business days to reach your account.
Account Demo
Hantec Markets offers a free demo account to customers, allowing them to acquire a feel for the products and experiment with strategies in a risk-free environment. The demo account operates on the MT4 platform and may be financed with a maximum of £10,000. Upon enrollment, clients will also get a free instructional packet to help them get started.
Demo accounts are accessible for 30 days by default, however, the support staff may be contacted using the information below to extend the expiration period.
Offers and Promotions
There are no welcome incentives or special promotions available at the time of writing. Having said that, international customers are welcome to participate in demo contests, with prizes awarded for financed real accounts. Top traders have a chance to earn up to $5,000.
Licensing and Regulation
Hantec Markets Limited is approved and regulated by the UK Financial Conduct Authority inside the European Economic Area (FCA). Under the Hantec Markets name, six additional foreign brokers operate, each of which is regulated by official local agencies such as the New Zealand Financial Markets Authority (FMA), the Australian Securities and Investment Commission (ASIC), and the Japan Financial Services Agency (FSA). Hantec Markets is regulated in Jordan and Mauritius as well.
European customers are protected for up to £85,000 in the case of broker bankruptcy as part of the FCA license rules.
Features Not Included
The broker provides a comprehensive set of supplementary services and trading tools.
Education
The Hantec Markets website has a multitude of instructional tools, such as market reports, analysis videos, YouTube webinars from Nigerian and African traders, and podcasts. There is also a learning center with four experience levels, as well as classes on strategy formulation and risk management.
FIX API
For more experienced customers, Hantec Markets offers a FIX API that decreases execution times and simplifies trading. This opens the door to more complex trading methods, which may be tailored to individual needs and programmed for algorithmic trading.
Copy Trading
For social and copy trading, international customers are provided a ZuluTrade add-on. This includes ZuluGuard protection, which monitors traders' performance and strategies and disengages traders if they depart from their methods. ZuluTrade may also be used to execute automated trades.
Account Types
Hantec Markets offers a single standard account that provides a consistent level of service to all retail customers. Professional accounts may be opened by European customers who are recognized as professionals by the ESMA. These accounts feature greater leverage rates than retail equivalents but are less covered by regulatory organizations.
Hantec Markets provides Islamic-friendly accounts, which may be created by contacting the customer care staff. Negative balance protection is available to all traders, even experts.
Pros
Hantec Markets excels in the following areas:
Cons
However, there are several areas where the broker might improve:
There is no VPS service available, and there is no bitcoin trading or spread betting.
Trading Hours
The broker is open 24 hours a day, five days a week, from 21:00 GMT on Sunday to 00:40 GMT on Saturdays. Index trading hours differ because they are based on the local market operating hours.
All instruments take a daily pause to compute swaps.
Customer Service
Hantec Markets provides each customer with a personal relationship manager. This manager serves as a single point of contact for any questions and concerns raised through the live chat service.
The customer support service is also accessible 24 hours a day, 7 days a week, and maybe reached by sending a message on their contact us area. They may also be contacted by phone at:
Contact us at info-uk@hmarkets.com.
Telephone – For regional numbers, go to the broker's website.
Live Chat — Found in the bottom right corner of the broker's webpage.
Security
To ensure the security of transactions, MT4 employs encryption and dual-factor authentication. All customer monies are likewise kept separate from the brokers in safe bank accounts.
Hantec Markets' Opinion
Hantec Markets is an excellent alternative for traders of all levels of expertise since it offers one of the top trading platforms in the business. The FIX API enables expert traders to leverage algorithmic trading and speedy execution, whilst ZuluTrade and the teaching center are excellent for newcomers. The only significant disadvantages are the restricted account and instrument possibilities.
Countries Accepted
Hantec Markets welcomes traders from Australia, Thailand, Canada, the United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, the United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and the majority of other nations.
Traders from the United States, Iran, and Korea are not permitted to utilize Hantec Markets.
Hantec Markets Alternatives
If you are seeking brokers that are similar to Hantec Markets, we have produced a list of the best 5 brokers below. This list of brokers similar to Hantec Markets is organized by similarity and contains only businesses that allow traders from your area.
BlackBull Markets — On the MT4 and MT5 platforms, BlackBull Markets provides FX and CFD trading.
FP Markets — FP Markets is a multi-asset broker that offers many trading platforms.
Infinox — Infinox is a broker situated in the United Kingdom that offers MT4 trading with narrow spreads.
RoboForex — RoboForex is a multi-asset online broker that provides effective trading tools.
TP Global FX - TP Global FX provides a wide range of popular financial assets with spreads starting at 0.1 pips. They are a rising brand with an emphasis on innovation and openness.
Compare Hantec Markets to any other broker by choosing the other broker from the list below.
WikiFX Online Brokerage Comparison
FAQS
What is the minimum deposit amount required by Hantec Markets？
When creating a Hantec Markets trading account, there is no minimum deposit required. Having stated that, certain payment providers may have minimum transaction requirements.
Is a demo competition held at Hantec Markets？
Yes, Hantec Markets holds tournaments regularly for traders who use demo accounts. Prizes in these competitions range in the thousands of dollars.
Hantec Markets provides which trading platforms？
MetaTrader 4 (MT4), one of the most powerful trading platforms available, may be downloaded through the broker's website. A smartphone version is also available for trading on the move.
What items can I find at Hantec Markets？
The broker provides forex, commodities, indices, and bullion trading. There are 58 instruments in all, 44 of which are FX pairs.
Is Hantec Markets a regulated entity？
Hantec Markets is regulated in several countries, including the United Kingdom's Financial Conduct Authority (FCA), Australia's Securities and Investments Commission (ASIC), Japan's Financial Services Authority (FSA), and Jordan's Securities Commission (JSC).
You can check out what is the best broker for your trading journey by visiting the links below. Also, it is available on IOS and Android for more convenient viewing.
WikiFX Brokers Link
WikiFX Expert Advisor Link
Download the WikiFX App Link
