Hantec Markets Broker Review
The Hantec Group broker was established in 1990 in Hong Kong. Initially, the company provided a whole range of financial and investment proposals. Since 2008, the activity has been reorganized and divided between several divisions. Today, Hantec Markets is one of the divisions of a large holding. This company provides clients with trading services.
The company is regulated by several reputable organizations. In particular, ASIC (license number ABN 54 129 943 086), FCA (license number 502635) and FMA. Activity is legal on every continent of the planet which automatically increases the confidence index to the forex broker.
Trading offer and account opening
Users point out one of the main drawbacks of the company – a limited list of financial instruments for trading. A total of 38 CFD instruments and 42 currency pairs are available to clients for trading on various trading accounts. To register on the site it will require the identification process the customer’s identity as it is customary at the international level. The procedure is not time-consuming but has some bureaucratic costs.
- The minimum deposit is $ 1000;
- No cryptocurrency trading -;
- Minimum transaction volume is 0.01;
- Spreads size – from 1.5 points;
- Leverage is up to 1: 500.
As you have noticed, the minimum deposit amount is an impressive amount of $ 1000. It is important to understand that the company operates in all continents of the world and is focused on active investors and traders in the list of its clients. Therefore, you must be ready to trade with access to international markets.
Trade commissions have not been established, the company’s income is formed on the account of spreads and investment activities.
Types of trading accounts
Users have the opportunity to register several types of accounts:
- Currenex Viking;
- Currenex Classic.
The difference between the accounts is in trading conditions. For example, it is necessary to emphasize a Viking account separately. They are activated when replenishing a deposit of $ 5000. In such conditions, the user receives a reduced size of spreads (from 0.2 points).
However, an additional trade commission is charged for a certain lot size.
In a classic account, the minimum deposit amount is $ 25,000. The peculiarity of this type of account is concluded with the conclusion of transactions on the interbank market. It also provides clients with some advantages in the form of 24/7 advisory support, access to closed educational materials.
How to deposit and withdraw funds in the Hantec Group company
The company offers to deposit the account of $ 1,000 by direct bank transfer, debit card VISA or Master Card, e-pocket Skrill or Neteller. For each direction, a commission is set at between 1.5% and 4% of the deposit. A single application can be a maximum of $ 10,000.
If you are going to deposit your account with a bank card, then it must first be registered. You can clarify details in your account or the account replenishment section on the broker’s official website: https://www.hantecfx.com/.
Services for analytics and market forecasting
Hantec Market strives to provide free and transparent access to research services for all its customers. One of the most popular analysis tools is AutoChartist, which can be accessed directly from your account on the broker’s website. The portal publishes technical analysis data, which simplifies the procedure for a trader or investor.
Trading signals can be drawn directly from the service Trading Centra, which is also built in a private office.
Description of the Hantec Market broker trading terminals
Through the described forex broker you can trade on the following trading platforms:
- MetaTrader 4 (MT4) (a classic terminal that does not require additional presentation);
- Currenex Viking (modified web platform);
- CXMobile Currenex (mobile app).
Currenex Viking and CXMobile Currenex are unique opportunities for analysis with more than 30 indicators. Use these platforms in order not to limit yourself to functional trading.
The company Hantec Market offers not the sufficiently wide range of trading instruments.
Although the broker is different in scale and prestige, it failed to win the preference of many traders in the CIS, Europe, Asia, Australia, and the USA.
The company has several drawbacks, including a large initial deposit and a limited list of trading instruments. With regulation and security, the company is doing well, is that just enough for trading? Hardly.