Country: UK, Australia, Mauritius, Japan, Dubai
Regulation: FCA, ASIC, FSC (Mauritius)
Type: ECN / Market Maker
Markets: Forex and Index CFDs, Metals and Commodities
Minimum deposit: $ 1,000 at Hantec UK, $ 50 at Hantec Global
Deposit methods: card, transfer, PayPal, Skrill
Platform: MetaTrader 4, Currenex Classic and Currenex Viking
Spread: 1.8 MT4
What is Hantec Markets?
Before giving you my opinion on Hantec Markets, let’s see a little about what this Asian broker is about.
Hantec Markets is an English Forex and CFD broker regulated by the FCA . The parent company is a major Hong Kong-based financial group, Hantec Pacific Limited.
Obviously this broker has a strong presence in Asia in places like Dubai, Mauritius and even Japan. Furthermore, it is regulated by the Australian ASIC .
Hantec, in its European version, is also under the financial umbrella of the English FSCS, the English compensation agency in case of problems, which covers customer accounts up to GBP 50,000.
Hantec offers educational information on its website, as well as webinars, although they will be in English.
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Hantec Markets open account
Opening an account with Hantec Markets is a simple procedure since we will only have to enter our personal data and wait for the confirmation email to be sent to us.
Once we confirm, we can enter the broker’s platform and to validate our account and proceed to trade we can do so after sending copies of our proof of residence documents (invoices or bank statements) and identity (DNI, driving license or passport) .
The minimum deposit to open an account is 1,000 USD. Deposit methods are by card, transfer, Skrill and Neteller.
Hantec Markets is a broker with good customer service since it has the following ways of contact:
Telephone: tel: +442070360850
It is also a transparent broker since it has its addresses online to the public, such as its London office.
Hantec Markets products and accounts
Hantec offers the MetaTrader 4 platform and the Currenex platform, with the classic and Viking versions.
The MetaTrader can be used on the usual platform, as well as on mobile or Mac.
There will also be MAM accounts where multiple accounts can be managed.
Hantec Accounts MetaTrader 4
Minimum deposit 1,000 USD
Minimum lot 0.01
DAX 1 (2)
The minimum trading sizes of index CFDs are 1 x index. These will have no commission, which will only apply to Currenex accounts. The latter do not have CFDs but Forex trading.
Hantec also offers professional CFDs on futures, which will have the same notional volume as the official markets, in addition to the same spreads. The conditions would be the same as in the official futures market. Hantec will charge its commissions to these operations. They can range from 15 USD for the CFD of the future of the DAX.
The leverage offered by Hantec from its UK subsidiary is as follows:
Main Forex pairs 30: 1 or 3.33% margin
Main indices, gold and minor Forex pairs 20: 1 or 5% margin
Lower indices, commodities and exotic Forex pairs 10: 1 or 10% margin
Actions 5: 1 or 20% margin
Cryptocurrencies 2: 1 or 50% margin
The leverage that Hantec offers in its international accounts is up to 500: 1.
Hantec Markets review
In theory this is one of the brokers that offer the best conditions for professional Forex traders, with the Currenex platform and its possibilities. To highlight the Currenex Classic and its operating minimum of 500,000 units, something rare in the retail forex sector. But for that, you have to deposit 25,000 USD. Although this minimum lot seems very large, this guarantees us that with Hantec Currenex Classic we are operating the true interbank, where orders move in blocks of this size and one million as standard.
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And the issue of regulation is one of the world’s largest brokers with locations, including Australia or Japan, two of the world’s largest markets and centers of Forex and trading. On this side we should be calm. More regulations almost impossible.
Now there are some things that I have seen that I did not like too much with this broker.
On the website of the British subsidiary they continue to put the leverage of 200: 1 on some pages, which is not correct. If you ask customer service they will say no, but I do not know why they have it on the web (February 2019). On the global group’s website, from the Mauritius Islands, it does work well, since they put the real leverage of 500: 1 there.
On pages like “about” if you give them the Spanish language as the primary of the web, you can only see them in English. This also happens on other pages.
The account types page does not work well, without being able to see the “accounts”, although this is for when we use Spanish in the language functionality. When we use English the theme works better.
Spreads and conditions have remained constant for years, which is not a bad thing in itself, depending on the product.
Hantec is also a very strong group in Asia, being one of the main brokers in the region, as well as being a major bullion dealer.
As for the MetaTrader account, conditions are normal compared to the sector.
This broker has a pretty good reputation.
However, due to having a website that is so outdated and with incorrect data such as the leverage for the European website, it is not a broker that I can recommend now.
For more information, visit the website .