Hantec Markets Review
Min. Deposit: £100
ABOUT HANTEC MARKETS
The initial disposition of Hantec Markets or Hantex FX was as a financial institution, dealing especially in wealth management and related financial services. It was not until 2009 that it began pursuing the status of a prominent name in the online brokerage industry. Twelve years later, they have successfully done so with headquarters in London, UK, and clients worldwide.
With the experience of providing financial services since 1990, Hantec Markets is highly-regarded and considered one of the oldest brokers around. Now, Hantec FX clients can engage in Forex trading, CFD trading, Social trading, Spread Betting trading, Share Dealing trading, among other broker offerings.
Their in-depth knowledge and dedication to being responsible for client interests have granted them licenses from local regulatory authorities, and of course, numerous positive reviews. In fact, up to 70% of new clientele comes from word-of-mouth marketing of satisfied customers.
HANTEC MARKETS REGULATIONS
Regulatory authorities are existent to support traders in the case of any complaints or issues they may have with Hantec Markets. They are meant to provide a safe trading environment and protection of client’s investments through rules that the brokerage must comply with.
In any case, only the top reputable financial regulatory authorities successfully regulate and supervise Hantec Markets and their activities. Specifically, besides the Financial Conduct Authority (FCA) regulations in the UK, the Australian Securities and Investment Commission (ASIC) regulates Hantec Markets. The FCA regulation ensures that Hantec FX operates under the Financial Services Compensation Scheme, protecting client losses up to $50,000 in the event of broker insolvency. Furthermore, as part of the FCA and ASIC licensing conditions, Hantec Markets must use segregated accounts to hold client investments and, as such, will perform third-party audits, keeping records and financial information accurate and trusted.
In addition, the MT4 platform used by Hantec Markets offers further protection of client transactions with its encryption and dual-factor authentication.
PLATFORM AND TOOLS
Logged into your Hantec Markets account, you’ll be presented with two trading platform options to trade with – MetaTrader 4 and Currenex.
- MetaTrader 4 (MT4)
This is the most popular Hantec Markets platform for trading, and all desktop, windows, Mac, and mobile devices support its use. It has for long been the premier choice for an intuitive, easy-to-use trading experience. With up to 50 indicators, 30+ tools for technical analysis, among other order management features and charting functionalities, MT4 successfully satisfies advanced traders’ requirements yet retains a user-friendly interface that is incredibly customizable.
Hantec Markets designed this platform primarily to serve ECN traders. It sports more advanced charting features and flexibility than the MT4 alternative. Specifically, Currenex users can rest assured of fast execution, unprecedented order management, maximum liquidity, market intelligence, and analysis data.
There is a further division of the Currenex platform called Currenex Viking. This platform primarily aims to proffer solutions for traders who prefer to trade on a relatively reduced level as trade volume here is as low as 10,000.
There is one more platform Hantec Markets provides clients with called Multi-Account Manager (MAM). Its design is meant to let clients simultaneously manage multiple Currenex and MT4 accounts. Furthermore, they provide an add-on solution for international clients to engage in social or copy trading – ZuluTrade. It is also a functional means for automated trading.
HANTEC MARKETS LATEST AWARDS
Hantec Markets, owing to its overall trading performance, excellent, intuitive technologies, as well as its ideal customer support service, has won several awards in the online brokerage industry. Some of the most prestigious of them include Best FX broker for southeast Asia as well as the Best FX Broker for Western Europe.
HANTEC MARKETS EDUCATIONAL MATERIALS
For a beginner in the markets, the complex fee structures, seemingly complex investment terminologies, and overall presentation of trading platforms is the first hurdle to overcome to become a proficient trader on any platform.
Thankfully, Hantec Markets provides a good array of free resources accessible to all their clients. From eBooks and YouTube webinars accessible from the Hantec Markets site to Market Expert reports, technical analysis videos, and specialist opinions. Beginners especially will find their educational offerings helpful to developing general market intelligence.
Contact is available 24/7 via phone, e-mail, and mail and has a very quick response time.
HANTEC MARKETS TRADING INFORMATION
Hantec Markets chooses to offer its clients just one standard type of account with the requirement of an initial deposit of $1,000 with total leverage of 1:200 for forex trades. Relative to other top forex brokers, this minimum deposit is on the high side, especially for beginners, but that amount enables trades to access certain trading instruments and cover several margins.
To cater to beginner requirements, they offer a Demo account upon request. However, this account is only available to use for 30 days, which is comparatively quite a short time for novice traders to hone their skills and gain conviction to get into the live market. Also, for investors in the middle east or traders who follow Sharia laws to begin online trading, an Islamic account is available.
As for the assets available for trading, Hantec Markets offers up to 44 forex pairs and 28 currency pairs, and many CFDs.
Brokers usually charge commission fees as revenue for facilitating all trading activities that go on in your account. Hantec Markets does not typically charge commission fees for withdrawals, which can be done via Bank transfers, e-wallets such as Neteller, cards, and BPay for traders in Australia and the likes. Using the MT4 platform secures this commission-free feature, but using Currenex Viking accounts attract a commission of $3 per 100,000 units.
The FIX API addition Hantec Markets offers provides for the need of traders who prefer algorithmic trading with reduced execution times and allowance for advanced trading strategies.
HANTEC MARKETS CUSTOMER SERVICE
All Hantec Markets clients have access to a responsive and knowledgeable customer support team, available 24/5 through Email, Live Chat, and Telephone. And for international clients, Hantec Markets supports such a wide range of languages, including English, Spanish, German, Italian, German, Arabic, and Chinese.