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HantecMarkets
Rating: Rated with 2 stars
Binary Option Programs Award
Min. Deposit
$1.000
Min. Investment
Regulated Broker
Yes

HantecMarkets Broker Review

  1. HantecMarkets

    A long-established Forex and CFD broker, HantecMarkets is a regulated online financial services provider, enjoying a solid global reputation in the industry. The company also provides bullion trading with low spreads and spread-betting services in a secure trading environment, to clients in South Africa and across the world, in seven languages including Arabic, Chinese, Portuguese and Spanish. To find out about the trading conditions at HantecMarkets, including payment methods, trading software features, customer support and account types, read our in-depth review below.

    HantecMarkets Special Features

    Customers are not given a choice of live trading accounts with different benefits. Instead, all traders are given access to the CFD and Forex trading platforms at HantecMarkets via a single Straight through processing (STP) live trading account, (also available as a swap-free Islamic account). Clients can open a separate account for spread betting. It’s important to bear in mind that immediately after completing the simple account registration form, clients must submit the indicated documents for account verification and approval by HantecMarkets. Notably, copies of a government issue ID with a photo as well as proof of residence (bank statement or utility bill) with the client’s name and address shown clearly are needed. Only once the documents have been approved, can the process of becoming a trader with HantecMarkets go forward. Customers in South Africa may prefer to trade with retail brokers offering a simpler registration process. Only asking for verification documents after registration is completed and trading has been activated.

    Demo accounts with real-time prices, are available for trading on the MT4 Forex platform or the Currenex platform for FX and bullion trading. Notably, a demo trading account with virtual money on the MT4 platform, is available for 30 days. On the other hand, the demo account on the Currenex platform is available for 90 days.

    Many traders like to try out trading strategies in the risk-free demo account, before implementing them on the live trading platform with real money investments. Importantly, the demo accounts are free, and a recommended trading tool for inexperienced traders, who can practice and become familiar with Forex, bullion and CFD trading, without risking their own funds.

    HantecMarkets Live Trading Account

    • Minimum initial deposit $1,000
    • STP account with no dealing desk
    • Tight spreads from 1.2 pips
    • High quality market analytics provided free
    • No conflict of interest with customers
    • Personalised customer service
    • Instant order execution of market orders
    • Live streamed market quotes
    • Trade CFDs, Forex and Bullion
    • Low transaction costs
    • Leverage up to 1:200
    • Risk management tools

     

    HantecMarkets Islamic Account

    Followers of the Islamic faith can request a swap-free Islamic account application form at HantecMarkets from the support team. Importantly, traders can hold positions open indefinitely, without incurring any interest. However, positions open for longer than one week, are charged a $25 holding fee, per lot, per week.

    HantecMarkets Bonus

    At the time of writing this review, we could find no bonus offers on the HantecMarkets website for customers in South Africa or elsewhere. The terms and conditions of the company do not include a bonus policy or any reference to promotional offers. Nevertheless, we recommend that in case of random bonus offers being made to customers, the bonus terms should be read carefully. Typically, bonus offers require a very large trading volume to be completed before funds can be withdrawn from the trading account. Often, traders accept the bonus offers as they appear very attractive without calculating the required trading volume and the level of investment necessary to complete the bonus conditions.

    HantecMarkets Trading Software

    Clients can choose from the suite of MT4 trading solutions for all levels of Forex trader or the web-based Currenex trading platforms, suitable for FX and Bullion traders.

    MT4 Platform Features

    The MT4 is a huge favourite with retail Forex traders all over the globe. The MT4 is offered by HantecMarkets for download to desktop, as a browser based WebTrader from any internet connected device and as a mobile trading solution on Android and iOS powered mobile phones and tablets. The main features found on the MT4 are as follows:

    • Customisable interface
    • 9 time frames
    • 30 built in technical indicators
    • Free economic calendar
    • Free tutorials on the platform
    • Advanced charting packages
    • Free daily and weekly market reports and indicators
    • Market and pending orders
    • Stop-loss and Take-profit orders for risk management
    • Trailing stops
    • Import and export indicators such as Expert Advisors
    • Access to trading signals
    • Automated trading with Expert Advisors

     

    Currenex Trading Platforms

    Especially designed for bullion and FX trading, the award winning Currenex platform is available in two versions. These are the Currenex Viking and the Currenex Classic. Importantly, the Currenex platforms are available as demo accounts for practice trading over 90 days.

    Currenex Viking Platform Features

    • Robust scalable currency trading platform
    • Access to deep liquidity from multiple banks
    • Reliable price quotes
    • Trading of 28 currency pairs at interbank prices
    • 10,000 minimum order size
    • API connectivity
    • Negotiable commission structure
    • Rapid trade execution
    • User-defined one-click trading
    • Broad range of order types
    • PAMM option available for regulated asset managers

     

    Currenex Classic Platform Features

    • Institutional investors choice
    • Access to deep FX liquidity through multiple banks
    • Rapid execution on accurate and reliable price quotes
    • Advanced market-depth options
    • User-defined one-click trading
    • No pre-transaction requests for quotes
    • Trade 28 currency pairs on interbank prices
    • API connectivity from Currenex
    • Advanced reporting tools
    • Negotiable commission structure
    • 500,000 minimum order size

     

    HantecMarkets Customer Support

    Comprehensive customer support is offered non-stop from 10 pm Sunday to 10 pm Friday. Clients can get in touch at any time through the live chat help line on the interface, by email, Fax and over the telephone. A phone number is given for the Dubai Regional support centre and for the switchboard at the main support centre in London. Traders in South Africa can decide which they prefer. However, the numbers are not toll free, making live chat a cheaper option. A free call back can be requested by submitted the simple form on the contact page. We tested the live chat service and were impressed to see that three agents were standing by to respond. The agent who took our enquiry was polite and efficient, inspiring confidence is the quality of support at Hantecmarkets.

    Further support is provided through the education and trading tools at HantecMarkets. These include educational and strategy videos on Forex trading, Forex webinars as well as an MT4 video tutorial takes users around the platform features.

    HantecMarkets Payment Methods

    Customers can choose to fund their trading accounts at HantecMarkets using a broad range of secure payment methods shown in the Client Portal after login. Whilst the accepted currencies are: USD, GBP, EUR, CAD, CHF, AED, JPY, AUD, PLN, not all payment methods can be used to deposit in all these currencies.

    The payment methods include several credit/debit cards, bank wire transfers and multiple E-Wallets. Clients can be sure that Skrill and Neteller are amongst the list of electronic wallets supported by HantecMarkets. Moreover, clients in South Africa can expect to see a selection of locally available payment methods in their Client Portal, after the account registration process has been completed and approved.

    Notably deposits made with credit cards appear immediately in clients’ accounts allowing them to begin trading without delay. However, commercial credit card transactions are charged 2.2%, and the minimum single deposit is $1,000 whilst the maximum is $£€10,000. The minimum initial deposit with Skrill is $1,000 and withdrawals are charged up to 1% (capped at £10) and depending on whether customers are withdrawing funds deposited with Skrill or profits made from trading. Neteller is another fast and easy way to fund trading accounts. A minimum $£€1,000 is required to deposit the first time to HantecMarkets and withdrawal fees vary in different parts of the world due to regional surcharges. Importantly, the exact charges are shown to clients following account registration and approval, allowing them to make an informed choice suitable in their region. Deposits and withdrawals with bank wire transfer take longer and the exact fees are not described openly on the website. Details are available in the Client Portal after account registration.

     HantecMarkets is the trading name of HantecMarkets Ltd regulated by the Financial Conduct Authority in the UK under the registration number FRN 502635. The company is registered to 35, Dorset Street, London W1U 7NA. We were pleased to see that customers’ funds are segregated in Barclays Bank accounts and protected up to £50,000 per client under the Financial Services Compensation Scheme.

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