Hantec Markets Review and Tutorial 2020
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|Hantec Markets Facts & Figures|
Hantec Markets is an online FX broker offering MT4 & trading competitions.
|Instruments||Forex, CFDs, indices, commodities|
|Min. Deposit||No minimum|
|Min. Trade||0.01 lots|
|Regulated By||FCA, ASIC, FSC, FMA, FSA, CGSE, JSC|
|Trade CFDs with leverage across multiple markets.|
Trade on 40+ currency pairs with tight spreads.
Hantec Markets is a global forex broker offering the MT4 platform with automated and social trading options. This review covers the broker’s spreads, minimum deposit, demo competitions, and regulation. Read on to find out whether to register for an account.
Hantec Markets Company Details
Hantec Markets Limited was created in 2008, formed by an experienced financial services company. Headquartered in London, UK, the EU-regulated broker has since opened tens of thousands of live accounts for clients throughout the world, from Europe to the Middle East.
The CEO has opened more than ten global offices and the company provides trading services everywhere except the US, Iran and North Korea.
MetaTrader 4 Trading Platform
MT4 is an industry-renowned platform that provides a well-rounded, intuitive trading experience. Boasting over 30 technical analysis tools, 50 indicators and nine timelines, MT4 has advanced capabilities while retaining an easy-to-use interface that is great for less-experienced traders. It also has automated trading capabilities through FIX API and ZuluTrade. The latter also provides social and copy trading options.
MT4 can be downloaded for free from the Hantec Markets website.
The broker presents clients with 44 forex pairs to trade with, comprised of four major pairs, 20 minors and 20 exotics. The rest of the instrument selection is less competitive, with only gold, silver, two crude oil instruments and ten stock indices.
Spreads & Commissions
Hantec Markets charges through spreads and commissions. Spreads are variable but competitive, with EUR/USD typically coming in at 0.2 pips, GBP/USD at 0.5 pips and EUR/GBP at 0.7 pips. Negotiable commissions are charged on CFD index trades.
Swaps are charged for positions held overnight and vary with the market.
Hantec Markets international clients can access leverage up to 1:200 for forex trades, 1:500 for indices, 1:20 for gold and 1:10 for silver and oil.
Leverage for European clients is limited by ESMA regulations to 1:30 for major 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 higher leverage rates by speaking to the customer support team, contact details for which are below.
Hantec Markets offers a mobile application available on iOS and Android devices. Allowing control over your trading no matter where you are, the app offers 30 indicators, several charting types, multiple order types, and rapid execution. The mobile client portal also allows for total account management.
The broker offers a standard range of payment methods for transactions in USD, EUR, GBP or NGN. Transactions can be made using payment cards, bank wire transfers or Skrill and Neteller e-wallets. There is no minimum deposit requirement, making the broker an attractive option for beginners.
European clients are not charged for deposits and withdrawals but international clients can be charged for large withdrawals with e-wallets. Some banks may also have their own processing fees.
Withdrawals are processed by Hantec Markets the same day if requested before 15:00 GMT. However, it may still take two to five business days for money to reach your account.
Hantec Markets provide clients with a free demo account that allows you to get a feel for the products and explore strategies in a risk-free environment. The demo account works on the MT4 platform and can be funded with up to £10,000. Clients are also sent a free educational package upon registration to help get you started.
Demo accounts are available for 30 days as standard, though the support team can be contacted using the details below to extend the expiry.
Deals & Promotions
At the time of writing, there are no welcome bonuses or special promotions. With that said, International clients can take part in demo competitions, with prizes of funded live accounts. Top traders can win up to $5,000.
Regulation & Licensing
Hantec Markets Limited is authorised within the European Economic Area and regulated by the UK Financial Conduct Authority (FCA). Six other international brokers work under the Hantec Markets brand, each of which is regulated by official local bodies, including the New Zealand Financial Markets Authority (FMA), the Australian Securities and Investment Commission (ASIC), and the Japan Financial Services Agency (FSA). Hantec Markets is also regulated in Jordan and Mauritius.
As part of its FCA licensing conditions, European clients are insured for up to £85,000 in the event of broker insolvency.
The broker offers an excellent range of additional services and trading tools.
There is a wealth of educational resources on the Hantec Markets website, such as market reports, analysis videos, YouTube webinars from Nigerian and African traders, plus podcasts. There is also a learning hub with four experience tiers plus strategy creation and risk management lessons.
Hantec Markets provide a FIX API that reduces execution times and streamlines trades for more experienced clients. This opens the door to more advanced trading strategies and can be customised to suit personal requirements and programmed for algorithmic trading.
International clients are offered a ZuluTrade add-on for social and copy trading. This comes with ZuluGuard protection that monitors traders’ performance and strategies and disengages if traders deviate from their strategies. ZuluTrade can also be used for automated trading.
There is only one standard account offered by Hantec Markets, providing a uniform service to all retail clients. European clients who can be classified as professionals by the ESMA can open professional accounts. These accounts have access to higher leverage rates than their retail counterparts, though are less protected by regulatory bodies.
There are Islamic-friendly accounts offered by Hantec Markets that can be opened by contacting the customer support team. All traders, including professionals, receive negative balance protection.
Hantec Markets scores highly in the following areas:
- FIX API
- Highly regulated
- No minimum deposit
- Educational resources
- Negative balance protection
There are some areas, however, where the broker could improve:
- No VPS
- Single account offering
- No cryptocurrency trading or spread betting
The broker is open 24 hours a day five days a week, starting at 21:00 GMT on Sunday and closing at 00:40 GMT on Saturdays. Index trading times vary as they follow local market operating hours.
All instruments take a daily break for swaps to be calculated.
All Hantec Markets clients are provided with a dedicated relationship manager. This manager is a single point of contact for all queries and issues, available from the live chat tool.
The customer support team is also available 24/5 and may be contacted by leaving a message in their contact us section. They can also be reached using:
- Email – email@example.com
- Telephone – Visit the broker’s website for regional numbers
- Live Chat – Located at the lower right of the broker’s website
For the address of their Dubai, India, or other offices, see the Hantec Markets website.
MT4 uses encryption and dual-factor authentication to keep transactions sure. All client funds are also segregated from the broker’s in protected bank accounts.
Hantec Markets Verdict
Hantec Markets is a good choice for traders of all experience levels, providing one of the industry’s best trading platforms. The FIX API allows more advanced traders to use algorithmic trading and rapid execution while ZuluTrade and the education centre are great for beginners. The only major drawbacks are the limited account and instrument options.
Hantec Markets accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can not use Hantec Markets from United States, Iran, Korea.
What is the minimum deposit with Hantec Markets?
There is no minimum deposit when opening a Hantec Markets trading account. With that said, some payment providers may have their own minimum transaction requirements.
Is there a demo competition at Hantec Markets?
Yes, Hantec Markets run periodic competitions for traders with demo accounts. These contests have prizes worth thousands of dollars.
What trading platforms do Hantec Markets offer?
MetaTrader 4 (MT4), one of the most powerful platforms around, is available for download from the broker’s website. There is also a mobile version for trading on the go.
What products are available at Hantec Markets?
The broker offers trading in forex, commodities, indices and bullion. There are 58 total instruments, 44 of which are forex pairs.
Is Hantec Markets regulated?
Hantec Markets is regulated in various jurisdictions, including by the UK’s Financial Conduct Authority (FCA), the Australian Securities & Investments Commission (ASIC), the Japan Financial Services Authority (FSA), and the Jordan Securities Commission (JSC).
|Hantec Markets is an online FX broker offering MT4 & trading competitions.|