Hantec Markets is a Forex and CFD Broker that features on its trading platform currency pairs as well as CFDs on indices and commodities. Hantec Markets Limited is regulated and overseen by the Financial Conduct Authority (FCA) in the United Kingdom. The broker charges for the popular forex pair EUR/USD 1.8 pips* spread fee, real trading is possible with a minimum deposit of $/£/€ 1,000. The Hantec Markets website is available in Spanish, Portuguese, Arabic, Chinese, Vietnamese.
What do we cover in our Hantec Markets Review?
|General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.|
Basic information about the broker
- Website address: www.hantecfx.com
- Leverage: up to 1:30
- Instruments: Forex, CFDs- Indices, commodities (precious metals, oil)
- Minimum deposit: $/£/€ 1,000 (accounts held in USD, EUR, JPY, GBP, CAD or CHF)
- Demo account: Yes, free of charge (30-day expiry)
- Methods of deposit and withdrawal: Wire Transfer, Skrill, Neteller, Credit and debit cards (Visa/MasterCard)
Hantec Markets Trading Platform
For FX and CFD trading, Hantec Markets offers 3 trading platforms: MT4, Currenex Classic, and Currenex Viking. MT4 is a popular platform amongst forex traders which features comprehensive solution for technical analysis and automated trading. Currenex Classic, as well as, Currenex Viking are trading platforms designed for more advanced traders (Currenex Viking is available from a minimum deposit of $/£/€ 5,000 and Currenex Classic from a minimum deposit of $/£/€ 25,000). All trading platforms give access to 40 currency pairs, 9 indices (CFDs) and 3 commodities (CFDs).
Hantec Markets fees (spreads)
As any other CFD broker, Hantec Markets charges a spread fee. For the most current spread charges, please visit the hantecfx.com website. Here is a spread comparison table that contrasts Hantec Markets spreads with popular industry competitors.
*Spreads recorded on 22.11.2019 at 20:00 GMT. Spread information was taken from the website of the broker. **Spreads recorded on 26.09.2019 at 11:26 GMT from the trading platform of the broker.
Hantec Markets regulation
Hantec Markets Limited is authorized and regulated under the Financial Conduct Authority with reference number 502635.
Advantages and disadvantages
Every Broker has its pros and cons, let’s have a look at the ones that elevate & denounce Hantec Markets.
Hantec Markets Pros
- 3 trading platforms
Hantec Markets Cons
- High minimum deposit
- Time-limited demo account
- No CFDs on shares
To sum up the Hantec Markets Review
Hantec Markets adheres to strict regulatory guidelines of the FCA. The broker charges average spread fees. The amount of available forex pairs is decent – 40, but the number of CFD assets is very poor, there are not even any CFDs on shares or cryptocurrencies. The broker features 3 trading platforms, one of which is the popular trading platform MT4.
Your review can make a difference to other traders, please leave a comment if you have any personal experience with Hantec Markets.
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