Hantec Markets Review: Hantec Markets is an online FX broker that offers MT4 & trading competitions.
● Instruments: Forex, CFDs, indices, commodities
● Demo Account: Yes
● MetaTrader 4: Yes
● MetaTrader 5: No
● cTrader: No
● Regulated By: ASIC, FCA, JSC, FSC, FSA, FMA, CGSE
● Auto Trading: Yes
● Pay Methods: Neteller, Skrill, Visa
● Min. Deposit: No minimum
● Min. Trade: 0.01 lots
● Social Trading: Yes
● Copy Trading: No
● Trade Signals: Yes
● Islamic Account: Yes
● ECN Account: No
● DMA Account: No
● Mobile Apps: Yes
CFD
Option to trade CFDs with leverage across several markets.
● Stocks Spread N/A
● FTSE Spread: 8
● GBPUSD Spread: 0.5
● Oil Spread: 0.05
● Leverage: 1:30 (EU), 1:500 (Professional)
Forex
Trade on more than 40 currency pairings and tight spreads.
● EURUSD Spread: 0.2
● EURGBP Spread: 0.7
● GBPUSD Spread: 0.5
● Assets: 44
Hantec Markets is a global forex broker that offers the MT4 platform with automated social trading opportunities. This information covers the Hantec’s spreads, minimum deposit, demo competitions, and regulation. Read on to check whether or not you should register for an account.
Hantec Markets Company Details
Hantec Markets Limited was founded in 2008 created by an experienced financial services firm. With its headquarter in London, the UK, the EU-regulated broker has ever since opened thousands of live accounts for customers worldwide, starting from Europe and expanding up to the Middle East.
The CEO has opened, exceeding ten global offices, and the company is currently providing trading services throughout the world except in the US, Iran, and North Korea.
MetaTrader 4 Trading Platform
MT4 is an industry-renowned platform that is known to provide a well-rounded, intuitive trading exposure. With more than 30 technical monitoring tools, nine timelines, and 50 indicators MT4 has up-to-date capabilities while keeping a convenient interface that helps less-experienced traders. It has automated trading capabilities through FIX API and ZuluTrade as well. The latter is known to provide social and copy trading alternatives.
Hantec Markets MT4 platform
MT4 can be installed for no charges from the Hantec Markets official website.
Assets
The broker introduces clients to 44 forex pairs for trading within 20 minor pairs, 20 exotics, and four major pairs. The other instrument selection is not that competitive; it only has gold, silver, two crude oil instruments, and ten stock indices.
Spreads & Commissions
Hantec Markets charges via commission and spreads. Spreads remain variable but competitive, with EUR/USD usually coming in at around 0.2 pips, EUR/GBP at 0.7 pips, and GBP/USD at 0.5 pips. Negotiable commissions are therefore charged over CFD index trades.
Swaps are then charged for positions that are held overnight and might therefore vary as per the market.
Leverage
Leverage accessible to Hantec Markets international clients is around 1:200 for forex trading options, 1:500 for indices, 1:10 in case of both silver & oil, and 1:20 for gold.
Leverage for European clients is however limited by the ESMA regulations up to 1:30 for major FX pairs, 1:10 for both silver & oil, and 1:20 for minors & exotics, stock & gold indices.Professional traders might have the ability to negotiate higher leverage rates by talking to the client support team, the contact details for the same are attached below.
Mobile Apps
Hantec Markets offers a mobile app that is available on iOSans well as Android devices. Permitting control over your regardless of where you are, the application offers 30 indicators, some charting types, several order types, and rapid execution. The mobile customer portal allows for absolute account management as well.
Payment Methods
The broker is known to offer a regulated range of payment methods for transacting EUR, USD, NGN, or GBP. Transactions can therefore be made by using payment cards, bank wire transfers, or Skrill and Neteller e-wallets. There is, however, no minimum deposit requirement, making the broker a tempting alternative for beginners.
European clients are not charged for making deposits or for withdrawals, but international clients, on the contrary, can be charged for large withdrawals with e-wallets. Some bans might even have their processing fees.
Withdrawals that are processed by Hantec Markets convert on the same day if requested before the time of 15:00 GMT. It may, however, still do take 2-5 business days for the money to finally reach your account.
Demo Account
Hantec Markets provide clients with an unpaid demo account that lets you get a real feel with the products, and it also lets you explore strategies in a risk-free atmosphere. The demo account functions on the MT4 platform and can also be funded with an amount that is up to £10,000. Clients are also provided with an unpaid educational pack after the completion of registration to help get you started.
Demo accounts remain available for up to 30 days on a routine basis; the support team, however, can also be contacted via making use of the details provided in order to extend the expiry.
Promotions & Deals
At the moment of writing, there’s no welcome bonuses or special promotions available as such. That being said, International clients can even take part in demo competitions that have prizes for funded live accounts. Top traders can win up to about $5,000.
Regulation & Licensing
Hantec Markets Limited is an authorized body within the European Economic Area, and remains regulated by the UK FCA, i.e., Financial Conduct Authority. Other six international brokers do work under the name of Hantec Markets, which are controlled by official local bodies including the FMA (New Zealand Financial Markets Authority), the ASIC (Australian Securities and Investment Commission), and the FSA (Japan Financial Services Agency). Hantec Markets gets controlled in Jordan and Mauritius as well.
As a portion of its FCA licensing conditions, European customers are insured for up to approximately £85,000 in case of broker’s insolvency.
Added Features
The broker introduces an extensive range of added services & trading tools.
Education
There is a myriad of educational resources available on the Hantec Markets website, for example, analysis videos, market reports, podcasts, and YouTube webinars from African & Nigerian traders. There are even a learning platform that has four experience tiers and strategizing and risk management lessons.
FIX API
Hantec Markets are known to provide a FIX API that can reduce execution times and streamlines trades for more experienced clients. The latter opens the options of relatively more advanced trading strategies and can also be customized to fit personal needs and is programmed for algorithmic trading.
Copy Trading
A ZuluTrade add-on available for social & copy trading is known to be offered to international clients. The latter comes with ZuluGuard protection, which monitors traders’ performances, strategies used and disconnect if they deviate from their strategies. ZuluTrade can be used for automated trading as well.
Account Types
Hantec Markets offer only a single standard account; it provides a uniform service to all retail customers. European customers who can be categorized as professionals by the ESMA can also open professional accounts. The latter mentioned accounts have access to higher leverage rates than their retail contemporaries; they are, however, less protected by the regulatory bodies.
Islamic-friendly accounts offered by Hantec Markets are present and can be opened by connecting with the client support team. All of the traders, which also includes professionals, are known to receive negative balance protection.
Benefits
Hantec Markets scores highly in the understated areas:
● FIX API.
● Largely regulated.
● The minimum deposit is not mandatory.
● It provides clients with educational resources.
● Hantec even provides negative balance protection to its clients.
Drawbacks
There exist some areas where progress should be made:
● No VPS available.
● Only a single account offered.
● There is no availability of cryptocurrency trading or spread betting.
Trading Hours
The broker is open throughout the day for five days a week; it begins at 21:00 GMT on Sundays & closes at 00:40 GMT on Saturdays. Index trading times might vary given the fact they follow local market operating hours.
All instruments take a break daily for the calculation of swaps.
Client Assistance
All Hantec Markets traders are offered with a specified relationship manager for assistance who’s as a single point of contact for all the issues that a client faces. The manager is available via a live chat tool provided by Hantec.
Email: info-uk@hmarkets.com
Contact: Visit the broker’s site to check regional numbers.
Live Chat: There’s an option for live chat at the wesite’s lower right corner.
For the address of their India, Dubai and any other offices, check their website.