Hantec Markets is a world-leading forex service provider with over 31 years of experience that offers multiple asset classes for customers to trade. It is a global entity providing exceptional customer service from institutional professionals including ongoing dedicated support 24/7. It provides a broader range of solutions for all of its clients and traders. Hantec is a reputable broker that ensures the safety of its funds. It is regulated by multiple tier-one entities like FCA in the UK, FSA in Japan, FSC in Mauritius, and ASIC which is in Australia. Find in this Hantec Markets review how this platform can be the best fit for you.
You can get a range of markets on the Hantec platform to trade in. It allows you to trade in currency pairs, gold and silver, Oil, and World Indices along with commodities such as grains. Users can earn income from these in mainly three ways. Firstly, trading in financial markets through Hantec, or secondly, you can also get into a partnership with Hantec. Partnerships with this platform allow you to refer to other traders who would like to trade and then earn rebates and commissions from their trading activities. Then thirdly there is Hantec connect, a brand new service that connects to the other traders and then avails them with the list of other expert traders. This can also be called social trading. Here those who want to learn trading can track the performance and copy the trade of other traders.
The trading platforms that they provide for their customers are the mt4 and mt5 brokers, for desktop, MAC, and mobile as well as Currenex, Currenex Viking, and multi-account manager. The account types that they offer are standard live accounts and demo accounts with payment methods like credit or debit cards, Skrill, Neteller, and Bank transfers. It makes trading easy with 30 analytical tools, 2000 indicators, and 9 timelines.
PROS OF HANTEC MARKET
- Protection: Customer’s money is held in a segregated bank account at a regulated institution for the safety and security of your funds.
- Flexibility: Hantec provides multiple funding and withdrawal options to accept a wide range of payments for deposits and withdrawals.
- Assurance: Hantec also gives negative balance protection by guaranteeing the possible trading losses that a customer may experience will not exceed the total net deposited funds. They receive a negative balance protection of up to $10.000.
- Spreads: This platform has tight spreads and fast execution where Spreads start from 0.1 pips and flashing fast execution means the customer will have a best-in-class experience with Hantec Markets.
- Education: Hantec also provides support for beginners in trading through training and classes hosted by expert advisors and traders.
- FIX API: It offers FIX API to reduce execution time and streamline trade for regular and experienced customers which results in initiating more advanced trading strategies
Assets and Markets
Hantec offers its customers a range of options to trade in that includes over 300 currencies, 1000 stocks, and more than 50 indices. Its list of instrument selections encompasses cryptocurrencies like BTC, LTC, BCH, ETH, and XRP. It also comprises crude oil, coffee, lead, nickel, zinc, aluminium, copper, natural gas, cotton, wheat, sugar, and cocoa.
Hantec earns from spreads and commissions. The spreads are determined by the difference between the buy price and the selling price for each product which is visible past all their products on the trading platform. Spreads are variable but competitive as they factor all necessary costs spent in trading to offer appropriate pricing while providing commercially viable services. It also charges on currency trades and on CFD. However, bullion and commodities on Hantec are commission free.
Hantec broker has got you to do the transaction in EUR, USD, GBP, and NGN that can be made using Debit/credit cards Skrill, Bank wire transfer, China UnionPay and Netteler.
In the case of Deposits, the platform allows as low as a $10 minimum deposit for their Cent Account which is beneficial for any beginner. However, the minimum deposit is needed to be $100 for a Standard account.
While in the case of Withdrawals, a customer can place a withdrawal of $100 which can be processed on the same day if requested before 03:00 p.m GMT. Though, it might take about seven business days to get credited to your bank account.
European users of Hantec have an advantage in that they are charged for any deposits or withdrawals on the platform, unlike international customers who are charged withdrawals with e-wallets.
TYPES OF ACCOUNTS
Hantec Markets mainly has got two types of accounts for its customers-
- Standard Account
- Cent Live Account
However, these are subcategorized based on the nature of trades and the needs of customers. In a Standard account, you can start off with a Demo account if you are a beginner at trading as it allows you to get used to the ins and outs of the trades and gives you the chance to learn while exploring strategies in a risk-free environment. You can get this on the MT4 platform with a free educational package on registration. Demo accounts are available only for 30 days initially which can be extended by contacting the support team.
Other than a Demo account, the Standard account also offers copy trading, access to trading central, asset classes, and leverage up to 1:500.
Then they have got a Cent Live Account for you where you can avail of 5 asset classes for yourself along with spreads from 1.2, minimum deposit limit of $10, leverage up to 1:1000, and obviously the access to trading central.
Hantec has also got Professional accounts for professionals in trading that are titled by ESMA. The account holder here gets higher leverage rates in this kind of account.