|Licensing and Regulation|
|Brand & Functionality|
Hantec Markets also referred to as Hantec FX, is a reliable and regulated forex broker in the United Kingdom. It initially established as a financial organisation in Hong Kong that primarily deals with allied financial services and wealth management. The Hantec Group is considered one of the oldest organisations in the financial industry, having established its operations back in 1990. The financial broker started its forex operations in early 2009 and has since achieved the coveted status of being regarded as the mainstream broker in an extremely short space of time. It’s for this very reason that the company has an incredible amount of in-depth industry knowledge and experience to provide one of the most highly sought-after forex brokerage services in the world.
Hantec Markets is a world-renowned forex broker that has managed to generate phenomenal reviews from its clientele. Traders of Hantec Markets are predominantly referrals that have been achieved through positive marketing through word of mouth from the existing clients. By providing excellent services on a constant basis to their loyal clientele, it serves as a positive sign that the company is doing a perfect job. Most forex brokers seek to acquire new clientele on a daily basis as they are unable to retain their existing clients. They also tend to utilise unfair forex dealing schemes to trick traders. However, this is certainly not the case with Hantec Markets as they strive to satisfy their long-term clients. The Hantec Markets brand also has subsidiaries in Europe, New Zealand, Australia, Japan, and China, while their headquarters remain in Hong Kong.
Licensing and Regulation
Hantec Markets is regulated by the Financial Conduct Authority within the United Kingdom and the Australian Securities and Investment Commission within Australia. Although the company has close to 30 years of industry experience in the financial markets, their forex brokerage services has only been recently introduced to the FX trading community. That makes it a relatively new company when compared to its competition.
Nonetheless, the company has managed to cover the entire Asia-Pacific and European markets by allocating its main financial centres in Australia, Hong Kong, and the United Kingdom. Unfortunately, Hantec Markets does not accept any US-facing traders due to a lack of regulation by the NFA and the CFTC and its absence in the United States. Although the company has access to the capital and resources to develop business within the United States, it’s quite surprising to see it has avoided such a lucrative trading market.
Hantec Markets provide an innovative mobile app for both iOS and Android users. Clients will be able to utilise the extremely popular Meta Trader 4 platform within the mobile apps. The mobile apps have been created by the MetaQuotes Software Corporation and can be downloaded directly from the Google Play Store or the Apple App Store. Even though the mobile app can be downloaded directly from the app stores mentioned above, it’s not supported by the company. That limits the use of the Meta Trader 4 platform at the broker. Thankfully, mobile apps still offer a wide range of features, including charting, forex trading, CFD’s, and basic alerts.
Brand & Functionality
Our review of Hantec Markets revealed that the company has an extremely long history within the financial sector. This is thanks to a number of offices situated in the main financial hubs around the world. However, there still remains some confusion when it comes to the company’s offerings due to the fact that different jurisdictional capabilities, costs, and conditions. Therefore, new traders need to carefully check under which brand that fall under before they start to trade online. In addition, the Hantec global brand falls under an offshore license which isn’t very reliable.
Apart from this, the overall general features provided by the company are the most competitive in the industry with enhanced technologies, powerful trading capabilities, STP execution, a full range of tools for professional and retail traders, and superior support. Furthermore, the options offered at Hantecare primarily focused on big-size and high volume traders due to the technology solutions and high prices.
When you first land on the Hantec Markets homepage, you will need to choose between Corporate and Individual to register a new account. To register an individual account, you will need to provide your account details, your personal details, and address information. You can choose between 7 different currencies and setup a security question when you forget your password in the future. Once you provided your personal details, you will need to add your financial details along with your investment and employment experience. Thereafter, you will need to upload proof of identity and proof of address before you’ll be able to deposit funds into your account.
Hantec Markets has a fantastic variety of deposit methods available on the site, allowing traders to deposit using seven different currencies, including CAD, AUD, CHF, GBP, EUR, and USD. The deposit methods include Credit/Debit cards, Skrill, and Neteller. The minimum deposit with each deposit method is $1,000 along with a 2.2% deposit fee on credit/debit cards and a 3.2% charge on Neteller along with a 2.2% charge on Skrill deposits. Regardless of the deposit method you choose to use, your funds will reflect instantly once your deposit has been made.
Hantec Markets only offers a single account with a minimum deposit of $1,000. This means it’s in the high category where you can qualify for both the ECN and STP accounts. The company only offers access to CFD’s and Forex trading which means traders won’t be able to invest in markets such as indices, commodities, and equities. All traders will be able to enjoy a maximum leverage of 1:200 and comes equipped with variable spreads, fluctuating to market conditions. STP accounts will have an average of 3 to 1.5 pips on currency pairs, while ECN accounts will come with lower spreads along with a commission for every traded lot.
When you execute an order for all the instruments that Hantec Markets offer, the company will take all the necessary steps to achieve the best possible outcome. They take into account their execution policy along with any specific instructions that are given by their clients. Their policy cannot offer a guarantee, but the price the company permits their clients to execute orders will be far better than others forex companies.
When it comes to making a withdrawal through Hantec Markets, you will need to complete the Funds Withdrawal request form and return it to the company via email. Any withdrawal requests made by a third-party will unfortunately not be processed. If you are interested in speeding up the withdrawal process, you are more than welcome to register your banking details on the site which also helps in reducing the risk of fraud.
Hantec Markets is considered the best online broker as they take their customers seriously. Clients will be able to get in touch with a financial representative through several contact channels, including a web contact form, telephone, email, and even a live chat facility. The company responds to all clients in a friendly and professional manner and boasts with a 90% retention rate. It’s for this reason that clients at Hantec Markets can rest assured that they will receive superior customer service around the clock.
Clients will have a choice of reliable and powerful trading tools, presenting cost-effective offers with the Multi-Account Management tool, the Currenex tool, and the Meta Trader 4 trading tool. Each platform will give you access to a wide variety of instruments. However, please keep in mind that there will be differences between each trading tool in terms of functionality, availability, and asset proposals.
The Meta Trader 4 platform is a top choice among traders. It requires a minimum deposit of $1,000 and will provide full technology capacity with absolutely no restrictions when it comes to EA’s and API’s. The Currenex platform is specifically designed for professional and experienced traders via Viking and Classic versions. These offer a comprehensive software package while maintaining a balance of $5,000 for the Classic version and $10,000 for the Viking version.
Traders can also select the brand-new way of trading thanks to the AgenaTrader platform which essentially automates trading with a few simple steps.
Traders will be able to create personal signals and will be able to strategise through synchronisation between the integrated technology and the Meta Trader 4 platform. The regular price for the AgenaTrader platform is around $800, but Hantec clients will be able to access the platform for free.