HantecMarkets review (2022) Review
HantecMarkets Ltd. (HML) is an international organization that provides online trading services for both individual and commercial clients, giving them access to the Forex market, the stock exchange and providing the opportunity to trade precious metals and futures.
The broker was established in 1990. The main office of the corporate is found in Hong Kong . Since 2008, the company has focused on increasing the number of individual clients. Despite the presence of subsidiaries in other countries, the main focus is on expanding the sphere of influence in Hong Kong, Taiwan and the mainland of China. In this article, we will review the company, give an assessment of its activities.
The broker is controlled by the influential financial regulator FCA under license number 502635. In addition, Hantec Markets’ offices in Australia are regulated by the local ASIC supervisor. Under the terms of the FSCS system, in the event of default, the broker undertakes to return up to £ 50,000 to clients. However, there are no reviews on the network from traders who received compensation, so it is impossible to say for sure whether the company makes payments.
Today hantecfx.com offers 42 currency pairs for trading, CFDs for 13 trading assets and futures contracts for 25 asset types. Forex trading is conducted in GMT from Sunday 22:05 to Friday 21:55. At the same time, trading is suspended daily from 21:58 to 22:03. In the event of any changes to Hantec Markets’ opening hours, clients will be notified by email.
On the company’s website, traders can use the classic MetaTrader 4 terminal and the proprietary CurreneX platform. Each software has individual features, for example, MT4 pleases with wide functionality and availability of trading on mobile devices. As for the CurreneX terminal, players are provided with modern software with a large selection of analytical tools and a convenient graphical display of quotes.
To replenish a deposit or withdraw profits, the broker can use the following payment services:
- by credit card Maestro, Visa, MasterCard, UK Debit Cards, Diners Club, JCB, Airplus;
- Bank transaction;
- electronic system Skrill and Neteller.
Please note that credit or debit card payments can only be made after they have been verified by Hantec Markets.
Types of accounts
Novice traders, before starting trading with real money, are given the opportunity to practice on a training account. The demo version allows you to learn the subtleties of working in the interbank currency exchange market, as well as test the selected trading strategy for a particular financial instrument.
The demo account on the MT 4 platform is valid for 30 days. During this time period, the user can access the economic calendar, video reviews, trading signals, and other services of the brokerage platform. To open a demo account, you need to fill out the standard registration form.
Hantec Markets offers three types of live accounts:
- For fans of the classic MT4 terminal, a Metatrader account has been developed; you can enter real trading with a minimum deposit of 1000 units (dollars, pounds or euros). The assets are 42 currency pairs, precious metals and CFDs. Floating spreads from 1.5 pp. No commissions.
Spreads for the Currenex Classic account will be floating from 0.2 pips and may expand during periods of high market volatility. To open it, you need to replenish the deposit for 25 thousand USD (dollars, euros or pounds). Execution of orders ECN. The minimum volume of transactions is up to 500 thousand USD. The commission is not fixed and depends on the trading volumes. Leverage up to 1: 200.
In a Currenex Viking account, the minimum starting deposit is 5 thousand USD, and the minimum volume of transactions is 10 thousand USD. That is, the rest of the conditions are similar to Currenex Classic.
All accounts can be opened in dollars, euros, pounds, Swiss francs, Canadian and Australian dollars, and a Metatrader account can also be opened in UAE dirhams. Currenex accounts can only trade currencies.
Advantages and disadvantages
Based on the description presented in the review, hantecfx.com has the following advantages:
- the broker is regulated by several authorities;
- three trading platforms are available for traders;
- high-quality website design;
- availability of a demo account and training program;
The disadvantages of the service described above in the review include:
- large size of the deposit – from $ 1,000;
- significant difference between the minimum deposits for each platform;
Pros / Cons