More about the company
A seasoned financial services firm with 30 years of experience supporting traders, Hantec Markets Limited was founded in 2008. The EU-regulated broker, which has its main office in London, UK, has since created tens of thousands of real accounts for customers all across the world, from Europe to the Middle East.
Except for the US, Iran, and North Korea, the organization offers trading services out of 11 locations the CEO has created across the world.
The well-known trading platform MT4 offers a complete and simple trading experience. More than 30 technical analysis tools, 2000 indicators, and 9 timelines are just a few of MT4’s complex features, which nonetheless have a user-friendly design that is perfect for newer traders. Additionally, it has ZuluTrade and the FIX API for automated trading. Additionally, it offers options for social trading and copying.
Markets and assets
The broker offers customers more than 300 currencies, 1,000 stocks, and 50 indices for trading. Cryptocurrencies (BTC, BCH, XRP, LTC, and ETH), bullion (gold and silver), and commodities make up the remaining instrument options.
Spreads and commissions
Spreads and commissions are the broker’s means of payment. Spreads fluctuate but are competitive; typically, EUR/USD, GBP/USD, and EUR/GBP are each 0.2 pips, 0.5 pips, and 0.7 pips. Trades involving CFD indices are subject to turnover commissions.
Silver bar spreads are 5 cents, and gold bar spreads are 50 cents. Commodities and bullion, however, don’t charge commissions. Spreads and commissions for cryptocurrencies vary.
Positions held overnight are subject to overnight swaps, which vary by market.
A standard account allows customers to access leverage of up to 1:500, while a cent account has astounding leverage of 1:000.
The maximum leverage for clients in Europe is 1:30 for major currency pairings, 1:20 for minor and exotic currencies, gold, and equity indices, and 1:10 for oil and silver, according to ESMA regulations.
Professional traders can negotiate higher leverage rates by contacting customer service, whose contact information is listed below.
The business provides a mobile app for iOS and Android devices. The software offers 30 indicators, numerous chart styles, numerous order types, and quick execution to let you manage your trade from anywhere. Full account management is also possible through the mobile client portal.
Trading account replenishment methods
In order to process transactions in USD, EUR, GBP, or NGN, the broker provides a standard range of payment options. Debit cards, bank transfers, Skrill, Neteller, and China UnionPay are all acceptable forms of payment.
The broker is a good choice for newbies because the minimum deposit for their Cent account is only $10. The minimum balance for the standard account is $100.
The down payment is only $100. If requested by 15:00 GMT, they are handled the same day. The money may still take two to seven business days to show up in your account, though.
Deposits and withdrawals are free for European customers, while big withdrawals may incur fees for non-European users. Additionally, certain banks may charge their processing costs.
Customers are given a free demo account that enables them to investigate products and tactics in a risk-free setting. The demo account uses the MT4 platform and has a $50,000 funding cap. Customers who register receive a free educational bundle to get them started.
Demo accounts are typically accessible for 30 days, but support can extend the validity time by contacting them using the details below.
Regulation and licensing
The UK Financial Conduct Authority and the European Economic Area both have authorization for the broker (FCA). European clients are covered for up to £85,000 under the FCA license terms in the case of a broker’s bankruptcy.
Under the Hantec Markets name, six additional foreign brokers operate; each is subject to regulation by a recognized local authority, such as the New Zealand Financial Markets Authority (FMA), the Australian Securities and Investments Commission (ASIC), the Vanuatu Financial Services Commission (VSFC), the China Gold, and Silver Exchange (CGSE), or the Japan Financial Services Agency (FSA). In Jordan and Mauritius, the broker is also regulated.
There are two options: a standard account and a cent account.
- trade in copies.
- Demo Account
- 7 asset classes
- Spreads are 0.2.
- Up to 1:500 leverage
- A $100 deposit is required.
- 5 asset classes.
- Spreadsheet 1.2
- A minimum deposit of $10 is required.
- Leverage up to 1000:1.
Customers from Europe who ESMA would classify as professionals are permitted to open professional accounts. Although they are less safeguarded by authorities, these accounts have access to higher leverage rates than their retail counterparts.
The broker provides Swap Free Accounts, which are accounts suitable for Muslims. By getting in touch with customer service, they can be contacted.
Negative balance protection up to $10,000 is available to all traders, including experts.
A specialized account manager has been assigned to each client. The sole point of contact for all inquiries is this manager, who is accessible via live chat.
Additionally, customer support is accessible around-the-clock, and can be reached by leaving a message in the Contact Us section.
Traders from the United States, Iran, and Korea are not permitted to use Hantec Markets.
Hantec Markets has one of the top trading platforms in the business, making it a great option for traders of all levels of experience. The broker offers an education center that is excellent for newcomers as well as the ability for more experienced traders to use algorithmic trading and quick executions.