Hantec Markets review and test for new investors – Scam or not?
Choosing the right broker to invest in is not a simple task. There are a handful of factors that you should consider when it comes to choosing a company to partner with. You have to make sure that they’re regulated, straightforward, and, most importantly, reliable.
With 30 years of experience, Hantec Markets surely knows their way around the trading scene. You can rest assured that they possess all the important factors mentioned above and more. Below is all the information you need to decide on whether Hantec Markets is the right broker for you.
Getting to know the company
This company has been around since the year 1990, making it one of the oldest companies in the financial market scene. It was founded by a group of people in Hong Kong who possess a passion for helping others succeed in their trading journey. Throughout the years, the Hantec Group was known for a wide range of business types. These include real estate, finance, consulting, IT, and even Culture and Art.
By the year 2000, the Hantec Group became part of the Main Board of Hong Kong Stock Exchange and built physical offices in the Philippines, France, and Japan.
In the year 2008, the name “Hantec Market” was created in Australia. Two years later, Hantec Markets set up a flagship office in London, United Kingdom. This jumpstarted their goal to grow and reach an even wider audience. To this day, Hantec Markets plan to expand their global presence to provide the best service to anyone who needs it.
Is Hantec Markets regulated?
Since Hantec Markets has grown into a vast company with a huge global presence, they split the company into two divisions: the Eastern Division and the Western Division. Below is a list of countries Hantec Markets operates in and which companies regulate them.
- United Kingdom – FCA or Financial Conduct Authority
- Jordan – JSC or Jordan Securities Commission
- Mauritius – FSC or Financial Service Commissions
- Australia – ASIC or Australian Securities and Investments
- Japan – FSA or Financial Services Agency
- Hong Kong – CGSE or Chinese Gold and Silver Exchange
Hantec Markets is a broker that offers high-quality trading for all its clients. They offer a lot of assets such as currencies, indices, cryptocurrency, bullion, stocks, and commodities. As a broker that specializes in forex, they aim to give the best service for this particular market. Hantec Markets utilizes the most popular trading platform: MetaTrader 4.
They also charge zero commissions and offer competitive spreads. Aside from the regular demo and live accounts, Hantec Markets also have swap-free accounts. For clients that have multiple accounts, this broker has a Multi-Account Manager (MAM) for their clients.
Client Money Protection
Since Hantec Markets is well known for being very client-centric, all their clients are covered by their Excess Loss Insurance policy. This states that if, for any reason, the company goes bankrupt or they encounter any insolvency event, their clients are insured up to $100,000.
To view the full details, term and conditions, as well as the certificate of the policy, you check their website or ask their customer service representatives to explain it to you.
Each market available on Hantec Markets’ platform has their corresponding fees. For CFD markets, the usual trading cost is the spread or commission. For positions that you hold overnight, you will be charged an overnight funding fee or swap charge. This depends on how much you invested and the size of your trade.
What markets are available on Hantec Markets?
Forex or Currencies
Hantec Markets is known to specialize in this particular asset class. With their 30 years of experience in the market, this ensures that clients will get the best they have to offer. Once you sign up with them, they will appoint your very own relationship manager to assist you as you navigate your way around the trading world.
Since forex is a fast-moving market, clients need to have top-notch trading platforms. Hantec Markets’ clients use MetaTrader 4 to trade for 24 hours from Sunday to Friday.
You can trade up to 44 different currency pairs with Hantec Markets. Three of which are popular major pairs. These are GBP/USD, EUR/USD, and USD/JPY. The other pairs are minor and exotic pairs. Trading spreads of these forex pairs starts at 0.2. Their spreads are classified as “floating spreads”. This is beneficial when liquidity is high and when the market is relatively quiet. This will provide lower spreads. They also allow the use of margin to significantly increase your gains.
Additionally, they charge zero commissions, and the minimum funding is 1,000 Euros, 1,000 British Pounds, or 1,000 US dollars. Their minimum order size is 0.01 lot or 1,000 of the base currency. They also provide clients with competitive leverage of up to 1:200.
CFD trades for indices are available on Hantec Markets. They offer a lot of indices to trade, and you can expect the major ones to be available too. For traders that would want exposure to stocks, they could opt to trade these stock indices.
Trading indices with Hantec Markets allows the use of margin and leverage of up to 1:500. There is no minimum amount required for funding to trade this asset. Depending on which market you choose to invest in, spreads start at one up to 40.
Hantec Markets offer more than ten indices to choose from and trade. These include the VIX or Volatility Index, HK50 or the Hang Seng Index, US30 or the Dow Jones Industrial Average, and many more. Keep in mind that all the available indices differ in trading hours.
Gold and Silver are considered safe-haven assets. With Hantec Markets, you have the option to trade using these. With their 30 years of experience, they provide clients with daily Gold reports to help you navigate the market. These Gold and Silver trades can be used as a hedging strategy when markets are volatile.
The minimum trading size for trading bullion is one ounce, but they don’t require minimum deposits. With a leverage of up to 1:500 and with the use of margin, clients will be able to trade with ease.
Bullion trading is open 24 hours a day, from Sunday to Friday.
Hantec Markets offer stock trading via CFDs or Contract for Difference. This allows you to go long or short for your trade. They also offer margin trading with leverage for your stock trading to substantially increase your total trade value. The margin requirement is only 10%. The minimum trade size for stocks is only one, while the maximum lots per trade is 100. Lastly, the commission for trading stocks is already included in the spread.
To be able to invest in their stocks, you only need at least 100 USD, 100 EUR, or 100 GBP in your account. You’ll also be able to trade these markets in real-time using MetaTrader 4. Keep in mind that these markets are only tradeable from 9:30 AM to 4:00 PM Eastern Time from Monday to Friday. It’s important to note that markets are closed during stock market holidays.
Hantec Markets notes all corporate actions made by the available companies on their platform. This provides clients with updates such as mergers and acquisitions, stock splits, and dividends.
When it comes to account denominations, the company uses USD, EUR, GBP, CHF, CAD, AUD, PLN, and AED for all CFD stocks. Below is a list of all the available CFD Stocks in Hantec Markets.
- Amazon.com, Inc. (AMZN.OQ)
- Alibaba Group Holding Ltd – ADR (BABA.N)
- Apple Inc. (AAPL.OQ)
- AstraZeneca PLC ADR (AZN.N)
- Berkshire Hathaway Inc. Class B (BRKb.N)
- Bank of America Corp (BAC.N)
- Coca-Cola Co (KO.N)
- Walt Disney Co (DIS.N)
- Exxon Mobil Corporation (XOM.N)
- Facebook, Inc. Common Stock (FB.OQ)
- Ford Motor Company (F.N)
- General Electric Company (GE.N)
- Google/Alphabet Inc Class A (GOOGKL.OQ)
- Mcdonald’s Corp (MCD.N)
- Microsoft Corporation (MSFT.OQ)
- Netflix Inc (NFLX.OQ)
- Nike Inc (NKE.N)
- Pfizer Inc. (PFE.N)
- Starbucks Corporation (SBUX.OQ)
- Tesla Inc (TSLA.OQ)
- Twitter Inc (TWTR.N)
- Uber Technologies Inc (UBER.N)
- Visa Inc (V.N)
- Walmart Inc (WMT.N)
- Zoom Video Communications Inc (ZM.OQ)
To build a diversified portfolio, Hantec Markets offer the service to trade specific hard and soft commodities. Hard commodities include natural gas, oil, and precious metals like zinc, lead, aluminum, and copper. For soft commodities, sugar, wheat, cotton, coffee, and cocoa are available.
Spreads start at 0.5 and can reach up to 100. A leverage ratio of up to 1:500 is available for clients who want to utilize this. The minimum trade size for commodities is one, and the maximum lots per trade is 10 or 100, depending on the commodity being traded. There is no minimum funding required to trade US oil or UK oil. However, a minimum funding of 1000 USD, 1000 EUR, or 1000 GBP is required for the other tradeable commodities with Hantec Markets. Most importantly, they do not charge commissions to trade these.
Below is a list of all the available commodities, their corresponding account denominations, and trading hours.
- US Oil– EUR, GBP, CAD, CHF, AUD, AED, PLN, and USD – London Time Sunday 11:05 PM to Friday 12:40 MN
- UK Oil– EUR, PLN, AED, AUD, CAD, CHF, GBP, USD – GMT +2 Monday 1:00 AM to Friday 11:45 PM
- Aluminum –EUR, USD, and GBP – London Time 12:02 MN to 4:59 PM daily
- Zinc –EUR, USD, and GBP – London Time 12:02 MN to 4:59 PM daily
- Lead –EUR, USD, and GBP – London Time 12:02 MN to 4:59 PM daily
- Nickel –EUR, USD, and GBP – London Time 12:02 MN to 4:59 PM daily
- Arabica Coffee –EUR, USD, and GBP – London Time 8:15 AM to 5:30 PM daily
- New York Cocoa-EUR, USD, and GBP – London Time 8:45 AM to 5:30 PM daily
- Sugar No5 –EUR, USD, and GBP – London Time 9:58 PM to 10:03 PM daily
- Wheat –EUR, USD, and GBP – London Time 9:58 PM to 10:03 PM daily
- Cotton– EUR, USD, and GBP – London Time 9:58 PM to 10:03 PM daily
- High-Grade Copper –EUR, USD, and GBP – London Time 9:58 PM to 10:03 PM daily
- Natural Gas– EUR, USD, and GBP – London Time 10 PM to 9 PM daily
As a regulated broker, Hantec Markets gives you the peace of mind to trade cryptocurrency safely and securely with them. The available cryptocurrencies are Bitcoin (BTCUSD), Bitcoin Cash (BCHUSD), Ripple (XRPUSD), Etherium (ETHUSD), and Litecoin (LTCUSD). With zero minimum deposit, you can buy your own cryptos with a minimum trade size of 0.01 lot, while the maximum lots per trade is five. The margin requirement is 20% of the contract value.
Since they offer cryptocurrency trades as CFDs, clients can either long or short the desired asset depending on their outlook on the cryptocurrency’s future.
Trading hours for this market using Hantec Markets follows the same time as forex trading. This means if the forex trading market is closed, you can’t trade your cryptos using their platform.
What platform does Hantec Markets use?
With MetaTrader 4, or MT4, clients get the experience world-class execution speeds. This is available for all three accounts offered by Hantec Markets. Because of their fast execution speeds, this gives clients the chance to trade accurately.
With Hantec Markets, you will be trading on a global scale with a lot of asset classes to choose from. Spreads are really tight for the benefit of the clients. Their user-friendly platform makes planning and executing trades much easier compared to other platforms. There are also tons of free indicators and tools that you can utilize in managing your trades.
In case you’re not familiar with the platform, Hantec Markets also offers a tutorial on how to use MetaTrader 4 and all the available tools. MetaTrader 4 is available for Windows and Mac. MT4 has its own mobile application for Android and iOS users if you prefer working on a tablet or your mobile phone.
Learn to trade with Hantec Markets
Hantec Markets welcomes new, intermediate, and experienced traders to their Learning Hub. Depending on how you classify yourself (new, intermediate, or experienced), you will find all the necessary information that you need to start trading.
They also give their clients access to webinars, glossaries, and other downloadable content that will help you understand the market and adapt or improve your trading strategy. If you can’t seem to find the answer to your question, their customer service representative is readily available to answer all your technical queries.
The three types of accounts available on Hantec Markets
With Hantec Markets, you can choose to practice on their platform by signing up for their demo account, or if you want to get started right away, you can sign up for their live account. Unlike other brokers, Hantec Markets have a third account type. This is their Swap Free account.
Signing up for a demo account will only take five minutes. You will be asked to input your full name, email address, country of residence, and contact number. You are also given the opportunity to select your ideal leverage. The available options are from 1:50 up to 1:500.
After confirming your email address, you will be given access to the MetaTrader 4 platform. You will be given a virtual balance of £10,000, which you can use to practice trading in real-time. You will also have access to daily and weekly reports as well as videos provided by their research team.
It’s important to note that after signing up, you will only be able to access their platform for 30 days. This should be enough for you to test out different trading strategies without the risk of losing your hard-earned cash.
Live Account ($1000 minimum deposit)
Clients have two options when signing up for a live account. You can either choose to register for an individual or corporate account. Opening either a corporate or individual account only takes three steps.
First, you will have to register by providing the necessary information on their website. Next, you will be asked to submit a government-issued ID and proof of address for them to approve your account. Lastly, you will have to add funds to your wallet via wire transfer or online payment methods.
You’ll be able to start your trading journey with Hantec Markets once you finish all the steps mentioned above.
Swap-free accounts are exclusive for Hantec Markets’ Islamic clients. As the name suggests, no swap charges are incurred on this type of account when trading the following: AUDUSD, GBPUSD, EURUSD, USDJPY, EURCAD, USDCHF, EURGBP, GBPCAD, EURCHF, NZDUSD, EURJPY, AUDNZD, GBPJPY, USDCAD, CADJPY, GBPCHF, CADCHF, XAUUSD, and XAGUSD.
To apply for their swap-free account, you will have to contact them via their website. They will assist you with your application and provide all the information you need to start trading with them.
Funding your account
Adding funds to your Hantec Markets account is efficient and secure. To add funds, simply log into your client portal and pick which method is ideal for you.
With Hantec Markets, you won’t be charged any fees when adding funds to your account using this digital wallet provider. The currencies available are USD, EUR, GBP, and NGN. For your first deposit, you are required to add no less than 100 USD, EUR, or GBP. It’s important to note that your account name on Skrill must be the same as the name on your Hantec Markets account.
Just like with Skrill, adding funds using Neteller requires no less than 100 USD, EUR, or GBP for your first top-up. The only difference is they accept more currencies than Skrill. These are EUR, USD, CHF, GBP, NGN, and AUD.
- China UnionPay
Hantec Markets accepts all Mainland Chinese provided China UnionPay credit cards.
- Debit or Credit Card
All Maestro, Visa, and UK Debit cards are accepted at Hantec Markets. The currency options are EUR, USD, GBP and NGN. You will have to deposit at $25 or the equivalent of that if you’re using a different currency.
Keep in mind that Hantec Markets only recognizes amounts that have been rounded up with no decimals.
Clients can withdraw funds from their account through wire transfer, Visa or MasterCard, Skrill, Neteller, and China Union Pay. All you have to do is login to your account and follow the steps on their website.
If you have questions, you can contact them via their built-in chat support on their website. You can also call them on their regional phone numbers to better address all your concerns.
Accepted and Forbidden Countries
Hantec Markets accepts clients from all over the world except the United States, Iran, and Korea.
Advantages and Disadvantages
Although Hantec Markets does use one of the most popular trading platforms, it’s quite outdated considering that the MetaTrader 5 platform already exists. It’s a more updated version, and it offers more timeframes for charts, more order execution types, a built-in economic calendar, and a community chat, among other features.
The MT5 platform is basically an upgraded version of the MetaTrader 4. However, if you’ve gotten used to trading on the MT4 or simply want to trade forex only, upgrading to the MetaTrader 5 platform is not necessary. After all, the MT4 platform was built to cater to forex traders.
Since Hantec Markets is using MT4, which is technically a slower platform than MT5, using a VPS or virtual private server would benefit the client. However, the option to utilize this service is not offered at Hantec Markets. This can possibly pose a problem to scalpers and high-frequency traders.
As a broker specializing in forex, they offer an adequate number of forex pairs that already include all major currency pairs. However, the indices, stocks, cryptocurrencies, and commodities they offer are arguably lacking compared to other brokers.
Although Hantec Markets offer multiple asset classes, their company does not offer both options trading and ETFs. Without options trading, traders lose the opportunity to hedge using these. Some traders would even use options to multiply their gains significantly. As for ETFs, traders who would want exposure to a particular market would have to trade this asset class using another broker. This is because Hantec Markets only offer a limited number of stocks.
Even though they’re a tad bit outdated and lacking when it comes to their products, all in all, Hantec Markets is still one of the most dependable brokers out there. You can rest assured that your money is in good hands, and you will definitely receive the best service if you choose Hantec Market as your trading partner.
Frequently asked questions
What is Hantec Markets’ License Number?
The license number given by the FSC or Financial Services Commission of the Republic of Mauritius is C114013940.
What is overnight funding?
Overnight funding is a fee that you will need to pay if you want to hold your position overnight.
How much does overnight funding cost?
The amount depends on how big your trades are, your position (long or short), and the product you’re trading.
What is Hantec Markets license number?
Below is a list of Hantec Markets license numbers and regulators:
- Jordan Securities Commission – License no. 51905
- FSCM or Financial Services Commission – Mauritius – C114013940
- JFSA or Japan Financial Services Agency – registration no. 102
- ASIC or Australian Securities and Investments – ABN 87 562 829 466
- CGSE or Chinese Gold and Silver Exchange – registration no. 163
How can I contact Hantec Markets?
You can reach them via their support page, their online chat support, or phone numbers:
China – 4008427740
Thailand – 1800019263
Ghana – +233 050 5726656
Nigeria – 7080601265
Pakistan – 080090044349
Jordan – 18442000155
Main Office – +41225510215