Tier1FX vs Hantec Markets

Tier1FX vs Hantec Markets Comparison Table 2024
Tier1FX	Hantec Markets
Review Not Yet Rated	Review 3.8

Tier1FX is a regulated CFD and forex trading broker.	Hantec Markets was established in Hong Kong in 1990. Initially, the company concentrated solely on the Chinese and Taiwanese markets. In 2008, the broker rebranded and expanded its presence in the UK, Australia, Japan, and various other countries, before enhancing its footprint in Latin America in 2022. Hantec now stands as a multinational brokerage with 18 offices across Europe and Asia.
Comment by Reviewer
	"Hantec Markets is suitable if you want a no-frills MetaTrader broker to trade CFDs on stocks, forex, indices, commodities and cryptos. However, its scalping restrictions limit its appeal for certain day traders, while the customer support and educational tools trail the best brokers."
Pros
	Hantec Markets is a trusted broker, with a track record stretching back to 1990 and authorization from ‘green tier’ regulators, notably the FCA and ASIC. Hantec Markets offers a great range of 8 account base currencies, helping global traders avoid conversion fees while delivering a hassle-free day trading experience. Trading Central integration provides an excellent one-stop-shop for technical, fundamental, economic, sentiment and news analysis, helping users discover short-term trading opportunities. The entry barrier for trading is notably low for beginners, starting from just $100, while deposits are fee-free and can be completed smoothly from the client area. High leverage up to 1:1000 is available for experienced investors in some jurisdictions, amplifying trading results (profits and losses).
Cons
	There is no proprietary software aimed at newer traders, nor integration with the increasingly popular TradingView and cTrader platforms. Additionally MT5 is not available in certain regions, including the UK. Hantec Markets needs to bolster its investment offering to match category leaders like Blackbull Markets, especially in its breadth of currency pairs and commodities. Testing reveals hit-and-miss support, with 24/5 assistance but a live chat service that times out, making it unreliable for urgent trading issues. The educational tools, consisting primarily of long-form articles, need revamping with interactive elements and videos to match the training materials at IG. Despite reliable order execution, Hantec Markets does not permit scalping strategies, reducing its appeal compared to Pepperstone, whose Razor account is set up for scalpers.
Awards
	Most Reliable Global Forex Broker - Global Forex Awards 2022 Best Forex Trading Experience (Latin America) - Global Forex Awards 2022 Most Trusted Forex Broker (Africa) - Global Forex Awards 2022 Best Value Broker (Asia) - Global Forex Awards 2022 Most Transparent Forex Broker (Middle East and Northern Africa) - Global Forex Awards 2022 Most Transparent Global Broker - Global Forex Awards 2021 Most Trusted Broker (Africa) - Global Forex Awards 2021
Instruments
Forex, CFDs, indices, shares, energies, metals, cryptocurrencies	Forex, CFDs, Indices, Stocks, Commodities, Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$1000	$100
Trading Platforms
MT4	MT4 MT5 TradingCentral
Payment Methods
	BPAY Credit Card Debit Card Mastercard Neteller Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
MFSA	FCA, ASIC, FSC, JSC
Margin Trading
No	Yes
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	Yes
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
Yes	Yes
App Review
	Hantec Markets doesn’t offer a proprietary trading app. Instead, clients can use the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) mobile apps, which are accessible for both Apple and Android devices and mirror the desktop version’s functionality. The lack of a bespoke app means that day traders who are looking for more integrated solutions might find the mobile trading experience lacking, especially since there’s no support for TradingView or cTrader either.
Android App Rating
	4.4
iOS App Rating
	4.8
Auto Trading
Yes	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
No	No
Trade Signals
No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$0
Islamic Account
No	Yes
Account Currencies
	USD EUR GBP CAD AUD CHF PLN AED
Stock Exchanges
	DAX GER 40 Index Dow Jones FTSE UK Index Hang Seng Japan Exchange Group Nasdaq S&P 500 Shanghai Stock Exchange
Commodities
Gold	Gold Oil Silver
CFD Trading
Trade CFDs on indices, FX, precious metals, energies, and cryptocurrencies.	Traders have the opportunity to engage in CFD trading across a broad spectrum of assets, including currency pairs, stocks, commodities, bullion (gold and silver), indices, and cryptocurrencies. Experienced traders can access high leverage up to 1:1000 in certain jurisdictions. However, a notable downside is the restriction of scalping strategies which may deter experienced day traders.
Leverage
1:30	1:1000
FTSE Spread
1.3 pts	1.0
GBPUSD Spread
0.4 pips	0.5
Oil Spread
2.3 pips	0.05
Stocks Spread
N/A	Variable
Forex Trading
Trade on dozens of major, minor and exotic FX pairs.	Hantec Markets offers a limited range of 30+ forex pairs – less than most top brands, including Pepperstone with 100+. That said, market execution is rapid based on tests, and spreads are competitive starting at just 0.2 pips. This, combined with access to the popular MT4 platform with 30+ technical indicators, ensures a relatively complete trading experience for short-term currency traders.
GBPUSD Spread
0.4	0.5
EURUSD Spread
0.2	0.2
EURGBP Spread
0.4	0.7
Assets
60	300
Cryptocurrency
Trade on popular cryptocurrency and USD pairs.	CFD trading is available across a diverse selection of cryptocurrencies. This range includes not only leading cryptos like Bitcoin and Ethereum but also extends to smaller tokens such as Polkadot. These digital assets can be traded against a variety of global currencies, including the USD, JPY, and MXN, as well as precious metals like gold and silver, marking Hantec out from the majority of brokers who only offer cryptos paired with the USD.
Spread
0.05	0.008 - 6.4 pips
Coins
BTC BCH ETH LTC XRP	BTC BCH XRP LTC ETH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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