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/10
The WikiFX Score of this broker is reduced because of too many complaints!

Hantec Markets

United Kingdom|10-15 years| Benchmark B|
Market Making(MM)|MT4 Full License|Regional Brokers|High potential risk|

https://hmarkets.com/

Website

Rating Index

Benchmark

Benchmark

B

Average transaction speed (ms)

700.7 Poor

MT4/5

Full License

HantecMarkets-Demo1

Hong Kong
MT4
4
The WikiFX Score of this broker is reduced because of too many complaints!

Benchmark

Speed:C

Slippage:B

Cost:D

Disconnected:A

Rollover:AAA

MT4/5 Identification

MT4/5 Identification

Full License

4
Server Name
HantecMarkets-Demo1 MT4
Server Location Hong Kong

Contact

+41 225510215
info@hmarkets.com
https://hmarkets.com/
5-6 Newbury Street London EC1A 7HUE C 1 A 7 H U UNITED KINGDOM

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

ID BAPPEBTI
2022-02-02

Contact number

English

+41 225510215

English

+234 708 060 1265

English

+233 50 572 6656

English

+962 800 22338

Other ways of contact

Broker Information

More

Company Name

Hantec Markets Limited

Abbreviation

Hantec Markets

Platform registered country and region

United Kingdom

Company website
Facebook
YouTube
Linkedin

Pyramid scheme complaint

Expose

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WikiFX Risk Alerts 6
Previous Detection : 2024-07-14
  • The number of the complaints received by WikiFX have reached 11 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The China Hong Kong CGSE regulation (license number: 163) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The JapanFSA regulation (license number: 関東財務局長(金商)第102号) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The VanuatuVFSC regulation (license number: 40318) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The Vanuatu VFSC regulation with license number: 40318 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

Hantec Markets · WikiFX Survey
Danger A Visit to HMA in UK -- Finding No Office
United Kingdom
Hantec Markets · Benchmark
Average transaction speed(ms)
700.7 Poor
The highest transaction speed(ms)
172 Good
The highest speed of opening positions(ms)
186 Good
The highest speed of closing position(ms)
172 Good
The lowest speed of opening positions(ms)
1968
The lowest speed of closing position(ms)
1922
23.32USD/Lot Poor
46.85USD/Lot
Long: -4.69USD/Lot    Short: 1.87USD/Lot Great
Long: -17.7USD/Lot    Short: 10.6USD/Lot Good
Average slippage
0.2
Maximum transaction slippage
24
Maximum positive slippage
-1 Good
Maximum negative slippage
24
Average disconnection frequency (times/day)
0.9 Great
Average reconnection time (millisecond/per request)
118.2
Ranking: 94 / 133
Test user 190
Orders 3,037
Ocuppied margin $553,470 USD
Data Source WikiFX Data provide
Updated: 2024-07-12 01:00:00

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    Hantec Markets · Company Summary

    Registered in United Kingdom
    Regulated by FCA
    Year(s) of establishment 10-15 years
    Trading instruments Currency pairs, indices, commodities, metals, energies, cryptocurrencies, stocks
    Minimum Initial Deposit $10
    Maximum Leverage 1:500
    Minimum spread 0.1 pips onwards
    Trading platform MT4
    Deposit and withdrawal method debit card, credit card, China UnionPay, Skrill, Neteller
    Customer Service Email
    Fraud Complaints Exposure Yes

    General Information

    Hantec Markets is a reputable forex broker that was established in 1990 and is regulated by the Financial Conduct Authority (FCA) in the United Kingdom. They offer a variety of trading platforms, including MT4 and MT5, along with TradingCentral for market analysis. Traders have access to a wide range of tradable assets, including forex, CFDs, indices, commodities, stocks, and bullion. Hantec Markets provides different account types, including demo account, cent account, and standard account, catering to traders of various levels. They offer customer support through live chat and telephone, and provide educational resources such as market reports, analysis videos, and podcasts. The minimum deposit required is $10, and the maximum leverage offered is 1:1000. Hantec Markets supports multiple payment methods for deposits and withdrawals

    In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. We will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.

    General information

    Is Hantec Markets legit or a scam?

    Yes, Hantec Markets is a legitimate and regulated forex broker that operates under the oversight of reputable financial regulatory bodies. Hantec Markets adheres to strict regulatory standards to ensure financial stability, security, transparency, and fair trading practices.

    Hantec Markets is regulated by the Financial Conduct Authority (FCA) in the United Kingdom. The company is authorized and supervised by the FCA, with registration number 502635. The FCA is a renowned financial regulatory body known for its stringent regulations and supervision of financial firms.

    regulation

    Pros and Cons

    Pros Cons
    Regulated by the FCA Limited information was provided regarding commissions for stock CFDs and indices trading.
    Wide range of tradable assets, including forex, CFDs, indices, commodities, stocks, and cryptocurrencies. Currency conversion fee is applied for trades involving different base currencies.
    Various account types offered, including demo accounts, cent accounts, and standard accounts. Withdrawal processing time can take two to seven business days.
    Access to popular trading platforms like MT4 and MT5. Toll fees may apply for international customer support calls.
    Dedicated customer support and educational resources for traders. Hantec Social platform is currently only available as a mobile app.

    Market instruments

    Currency pairs, indices, commodities, metals, energies, cryptocurrencies, stocks... Hantec Markets gives its clients access to a massive trading market. So, both beginners and sophisticated traders could find what they want to trade on Hantec Markets.

    It is worth noting that, in the trading instruments screen, Hantec Markets provides a detailed table showing spreads, SWAPs, trading hours and other conditions of various instruments in detail, which greatly facilitates clients' consultation and comparison.

    instrumentos

    Below is a comparison table of trading instruments offered by different brokers:

    Forex Metals Crypto CFD Indexes Stock ETF
    Hantec Markets Yes Yes Yes Yes Yes Yes No
    RoboForex Yes Yes Yes Yes Yes Yes Yes
    Pocket Option Yes Yes Yes Yes Yes Yes No
    Tickmill Yes Yes Yes Yes Yes Yes No
    EXNESS Group Yes Yes Yes Yes Yes Yes No
    AMarkets Yes Yes No Yes Yes Yes No

    Spreads and Commissions

    As mentioned before, in Hantec Markets spreads are clearly displayed in tables. For example, the AUDCAD spread is 1.8 pips. However, we have not been able to find detailed information on commissions.

    How to Open an Account?

    1. Visit the Hantec Markets website. Look for the “Open account” button on the homepage and click on it.

    open-account

    2. Select an account type and submit your details via our registration form.

    open-account

    3. Upload your documents and await approval.

    4. Fund your wallet and transfer to your trading account.

    5. Start trading

    Spreads and Commissions

    Hantec Markets offers Forex trading with spreads starting from specified values for various currency pairs. There are no commissions charged for Forex trades. The spread type is floating, and the minimum order size is 0.01 lot. The trading conditions also include a stop-out level set at 40% of the used margin. Overall, Hantec Markets provides competitive spreads and transparent commission-free trading for Forex.

    open-account

    Trade major pairs like EUR/USD, GBP/USD, and USD/JPY:

    EUR/USD spread: 0.00014898 pips.

    GBP/USD spread: 0.000213589 pips.

    USD/JPY spread: 0.022286942 pips.

    spread-commission

    Hantec Markets offers precious metals trading with competitive spreads and floating spread types. Traders can trade gold (XAU) with a minimum margin requirement of 5% and silver (XAG) with a minimum margin requirement of 10%. The minimum order size for gold is 0.1 lot (10 ounces) and for silver is 0.1 lot (500 ounces). There are no commissions charged for trading these metals, and the trading hours are available according to the server time.

    spread-commission
    spread-commission

    Hantec Markets offers CFD trading on a variety of symbols, including stocks. The spreads for stock CFDs start from specified values for each symbol. Additionally, there are no specific details provided regarding commissions for stock CFD trading.

    spread-commission

    Hantec Markets offers indices trading on various major indices in Europe, Asia, Australia, and the US. The spreads for indices trading start from specified values for each symbol. Additionally, there are no specific details provided regarding commissions for indices trading.

    spread-commission

    In terms of Commodity Trading conditions at Hantec Markets, both US Oil and UK Oil have a spread of 0.05. There are no specific details provided regarding commissions for commodity trading.

    spread-commission
    spread-commission

    Hantec Markets offers cryptocurrency trading with competitive spreads on a range of popular cryptocurrencies.

    spread-commission

    Non-Trading Fees

    Currency Conversion Fee:

    A conversion fee may be applicable to trades based on the currency settings of your trading account, funding currency, and the settlement currency of the market being traded.

    The conversion fee is set at 0.6% and is added to the settlement exchange rate, which is determined by the market rate at the time of settlement. To account for the conversion fee, the underlying exchange rate is multiplied by 1.006 during the conversion process.

    For instance, if the GBP/USD exchange rate is 1.1, the applicable FX conversion rate would be 1.1 x 1.006 = 1.1066.

    By default, CFD accounts are set to 'instant' conversion. This means that any realized profit, loss, funding, dividend adjustments, or commission will be automatically converted to your account's base currency.

    Let's consider an example:

    Suppose you have purchased £20 per point worth of FTSE (UK100), and the base currency of your trading account is USD. Since you are trading in GBP, which is different from your account's base currency, the related transactions need to be converted to USD.

    Assuming the exchange rate is 0.7576 ($1 equals £0.7576), after incorporating the conversion fee of 0.6%, the conversion rate becomes 0.7576 x 1.006 = 0.7621.

    If FTSE increases by 30 points, your profit would amount to £600. This profit will be reflected as £600/0.7621 = $787.30 in your account. To calculate the admin fee charged, multiply your profit by 0.6%:

    $787.30 profit x 0.6% = £4.72 currency conversion fee (already included – not charged separately)

    Overnight funding

    Also known as the 'Swap' charge, this is the cost of holding a position overnight. The amount will be dependent on the size of your trade, whether you have a long or short position and the instrument you are trading. Swap rates are determined by the underlying interest rates of the products or currency pairs you have open positions in.

    Account Types for Hantec Markets

    Demo account: Hantec Markets offers a demo account for you to test a little on the financial market without the risk of losing money.

    Real account: there are 2 types of real accounts in total: cent account and standard account. The initial deposit to open an account is respectively $10 and $100, which is quite friendly for beginners. Other differences are market access, spreads, demo account and copy trading.

    account types

    Trading Platforms

    Although a long time has passed since the launch of MT4, it is still a major player in the market and is loved by traders all over the world. Accessing it from different devices also makes it easier for users to trade.

    plataformas de trading

    Leverage Offered

    Hantec Markets offers a maximum leverage of up to 1:1000, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.

    Deposit and withdrawal methods and fees

    The broker provides a variety of payment options for transactions in USD, EUR, GBP, or NGN. Clients can choose from the following payment methods: Bank Wire (Bank Transfer/SWIFT), VISA, MasterCard, Neteller, Skrill, and UnionPay.

    deposit-withdrawal

    Deposits:

    Hantec Markets offers a competitive minimum deposit requirement of just $10, which makes it an appealing choice for beginners looking to start trading with a smaller initial investment.

    When it comes to withdrawals, there is a minimum payment threshold of $100. Hantec Markets aims to process withdrawal requests made before 15:00 GMT on the same day. However, please note that it may take between two to seven business days for the funds to be credited to your account, depending on various factors such as the payment method and bank processing times.

    For European clients, deposits and withdrawals are free of charge. However, international clients may incur charges for large withdrawals made through e-wallets. It's also important to be aware that some banks may have their own processing fees for handling withdrawals.

    Overall, Hantec Markets strives to provide convenient and transparent deposit and withdrawal processes for its clients, ensuring that funds can be efficiently managed according to individual needs and preferences.

    Users exposures on WikiFX

    On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

    users' exposure

    Hantec Markets prides itself on providing excellent customer service to its clients. Each client is assigned a dedicated relationship manager who serves as their primary point of contact for any queries or issues. The relationship manager can be reached conveniently through the live chat tool available on the website.

    The customer support team is also available 24/5 and can be contacted by leaving a message in the “contact us” section of the website.

    customer-support

    Alternatively, you can reach out to them through the live chat feature, which is located at the lower right corner of the broker's website. Additionally, you have the option to contact customer support via telephone using the following numbers:

    China – 4000280332

    Nigeria – 7080601265

    Jordan – 18442000155

    Thailand – 1800019263

    Taiwan – 886801491458

    Pakistan – 080090044349

    Main Office (UK) – +41225510215

    Please note that international numbers may incur toll fees.

    Office Locations:

    Hantec Markets' main headquarters is situated at 5-6 Newbury St, Barbican, London EC1A 7HU in the United Kingdom. For the addresses of their Dubai, India, or other offices, please refer to the Hantec Markets website.

    Educational Resources and Community Support

    Hantec Markets offers a wide range of educational resources on its website to support traders in their learning journey. These resources include market reports, analysis videos, YouTube webinars featuring Nigerian and African traders, as well as podcasts. Moreover, there is a dedicated learning hub that provides valuable content across four experience tiers, along with lessons on strategy creation and risk management.

    Hantec Markets strives to empower its clients with the knowledge and tools they need to make informed trading decisions, fostering a supportive community of traders along the way.

    user-exposure

    User Experience and Additional Features

    Another interesting aspect to point out from this broker is the client portal, in which customers can manage accounts and payments with ease. The portal houses various functions to help customers get the account overview, manage multiple accounts, view trades (ongoing and closed) with ease, receive market insights from Richard Perry's Daily Market Report, deposits, and withdrawals, as well as easy access from mobile platforms.

    Educational resources

    A number of educational resources are available at Hantec Markets. We have market analysis, economic calendar, glossary and many important knowledge. We cannot deny their importance, but the best teacher for you to learn Forex trading is always real trading. It is impossible to make progress relying only on tools.

    Conclusion

    Hantec Markets is a well-established forex broker founded in 1990, regulated by the FCA in the UK. They offer a wide range of tradable assets, including forex, CFDs, indices, commodities, stocks, and cryptocurrencies. With competitive spreads, transparent commission-free trading, and access to popular trading platforms like MT4 and MT5. Traders can benefit from various trading platforms and a diverse selection of tradable assets. However, some aspects, such as limited information about certain commissions and the availability of Hantec Social platform, could be improved. Traders should carefully assess their trading requirements and preferences, as well as consider the associated risks and costs, before choosing Garnet Trade as their trading platform.

    FAQs

    Q: Is Hantec Markets a legitimate broker?

    A: Yes, Hantec Markets is a legitimate and regulated forex broker. They are authorized and supervised by the Financial Conduct Authority (FCA) in the United Kingdom.

    Q: What account types do Hantec Markets offer?

    A: Hantec Markets offers three types of accounts: demo account, cent account, and standard account. The minimum deposit to open an account is $10.

    Q: What trading platforms are available on Hantec Markets?

    A: Hantec Markets offers the popular trading platforms MT4 and MT5, as well as TradingCentral for market analysis and insights.

    Q: What is the maximum leverage offered by Hantec Markets?

    A: Hantec Markets offers maximum leverage of 1:1000 for international clients using the Cent Account and 1:500 for international clients using the Standard Account. However, for European clients, leverage is limited by ESMA regulations to 1:30 for major FX pairs, 1:20 for minors and exotics, gold, and stock indices, and 1:10 for oil and silver.

    Q: What deposit and withdrawal methods are supported by Hantec Markets?

    A: Hantec Markets supports various deposit and withdrawal methods, including Bank Wire, VISA, MasterCard, Neteller, Skrill, and UnionPay.

    News

     Hantec Markets launches another year of partnership with MoneyGram Haas F1 Team.

    News Hantec Markets launches another year of partnership with MoneyGram Haas F1 Team.

    2023-03-03 17:27

    Hantec Markets launches another year of partnership with MoneyGram Haas F1 Team, a big win for Hantec Markets?

    WikiFX
    2023-03-03 17:27
    News
     Hantec Markets launches another year of partnership with MoneyGram Haas F1 Team.
    Hantec Markets Expands New Office In Chile For Latin American Traders

    NewsHantec Markets Expands New Office In Chile For Latin American Traders

    2022-10-26 10:55

    Hantec Markets has announced the opening of a new office in Chile. This is part of the company's plan to grow and become known around the world.

    WikiFX
    2022-10-26 10:55
    News
    Hantec Markets Expands New Office In Chile For Latin American Traders
    WikiFX report: CEO Hantec Markets reveals opportunities in financial markets, forex trading

    NewsWikiFX report: CEO Hantec Markets reveals opportunities in financial markets, forex trading

    2022-05-19 16:15

    Hantec Marketplaces, a renowned financial technology company with offices in major global markets, has shown the financial markets' opportunities and benefits.

    WikiFX
    2022-05-19 16:15
    News
    WikiFX report: CEO Hantec Markets reveals opportunities in financial markets, forex trading
    WikiFX report: FXCubic adds Hantec Markets to its list of world-class partners

    NewsWikiFX report: FXCubic adds Hantec Markets to its list of world-class partners

    2022-05-19 16:11

    Hantec Markets will benefit from FXCubic's patented liquidity solutions and price management technologies. The collaboration was formed during one of the most tumultuous moments in financial history, with the Covid-19 reality making steady pricing and liquidity more important than ever to traders throughout the world.

    WikiFX
    2022-05-19 16:11
    News
    WikiFX report: FXCubic adds Hantec Markets to its list of world-class partners

    User Reviews

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    Comments

    Write a review

    Loong2024
    more than one year
    They're doing a great job.👍 The ECN account with low fees and quick transactions were a delight. But that server error and the money loss was a bit of a downer.
    2024-04-26 16:27
    Reply
    0
    0
    vghj86730
    more than one year
    I like this platform. It's very comprehensive. I could use many indicators which was great. However, sometimes the speed is slow.
    2024-03-08 12:27
    Reply
    0
    0
    AlgoExecTrader
    3-6months
    Enter here to convert Hantec is a broker I have used for many years and I feel most of the negative reviews are malicious. First, regarding slippage, slippage is inevitable in network latency because it is caused by latency. Moreover, it is impossible for a brokerage to execute a loss-making order, which is reasonable. Second, the issue of deposits and withdrawals. Before China was unregulated, there was no minimum withdrawal cost. I have never had a problem using third-party deposit and withdrawal services. If you are worried, you can consider opening an account in Australia or the UK, but you need to have overseas funds and cannot use leverage of more than 30 times, and Australia does not even accept Chinese nationality. Third, regarding the so-called money fraud and losses, I think there is a problem with the investment teachers themselves. They may just suggest you open an account to pay for the fees, rather than really caring about your profits. They cannot represent the brokerage platform. On the contrary, I think a brokerage that can make deposits and withdrawals normally and has been operating for many years is trustworthy. If there is a shortcoming of Hantec, it is that for me there are a little few tradable varieties. Because trading has cycles, once you enter a cycle, you need to find other tradable varieties to replace it.
    2024-01-31 13:22
    Reply
    0
    0
    Chun1776
    more than one year
    Let me show you why I have been using Hantec Markets for many years: Responsive and professional customer support, competitive spreads, stable trading platform, rich educational resources…
    2023-02-20 10:42
    Reply
    0
    0
    Jackson
    more than one year
    I have traded Gold, US Oil, and Indices on the Hantec Markets platform…I have to say, this broker is the best, transparent trading fees, responsive customer support. It deserves 10 stars!
    2023-02-15 09:59
    Reply
    0
    0
    李国东
    more than one year
    Perfect platform, Hantec Markets is the best platform I ever used. Swift deposit and withdrawal process, excellent trade execution, professional customer support. I am totally satisfied with this broker.
    2022-12-19 12:23
    Reply
    0
    0
    FX1155161902
    more than one year
    I made a deposit on the platform on October 26, 2022. After depositing, I found that I could not log in to my account. I contacted their staff, but I didn't expect them to be shameless, saying that I still need to deposit 20,000 Hong Kong dollars to withdraw cash. Now they're all gone and I can't get in touch with them.
    2022-12-13 10:21
    Reply
    0
    0
    Eric Sow Cheong Fatt
    more than one year
    They lured me in with all the favorable trading conditions and when I started depositing money and trading, I was already in their trap. They scammed me out of all my money and even accused me of money laundering. what nonsense!!
    2022-11-16 18:44
    Reply
    0
    0
    hlwmymnyt
    more than one year
    #Unexperienced
    2022-10-13 03:32
    Reply
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