The Forex market has been developing in all directions; European companies relocate to Indonesia, Singapore, Hong Kong, etc. and Asian brokers open offices on the European continent. If a broker is registered in your country, that does not automatically mean that they come from the same country. The brokerage industry is scattered across the whole wide world, and traders should always check the background of a company to avoid misunderstandings. The Hantec Markets,f o example, can be found in the UK, even though the broker originates from Hong Kong. This Forex broker is a branch company of the powerful multinational Hantec Group company. Find out how Asian brokers cope on European territory in this Hantec Markets review.
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General Info
The Hantec Markets Group is one of the brokers with years of experience in the financial market. It was established in 1990. The company reorganized in 2008 with the goal to enlarge its influence and presence in overseas markets and optimize business results. The broker made a shift to tailor-made services to reach out to a greater number of customers. A UK office was established in 2008 which means that the Hong Kong giant had to go through the rigorous FCA registration procedure. What can we conclude from that? Certainly, we can conclude that the broker is loaded with money since the FCA requires a substantial capital of around a million dollars and additional insurances for each trader in the amount of over $20,000. Second, we know that the FCA is a serious regulatory body which does not tolerate mistakes and non-compliance with the current laws. The broker also secured the Australian ASIC license which is equally strict as the FCA. Hantec Markets acquired a more customer-oriented approach and rearranged its services accordingly.
Several Trading Platforms on Offer
It seems that the Hong Kong broker prepared well for the European Market by offering four different platforms:
- The first one is the MT4, equally popular in Europe and Asia, which offers customizable settings for individual traders. The platform offers educational materials, free trading signals, and a bunch of other conveniences.
- The second platform is the Hantec Markets Currenex platform with a distinctive graphic display and integrated news. The platform comes with maximum liquidity, fast execution, and reduced commission.
- The third platform Currenex Viking is reserved for reduced-level traders who trade volume sin he amount of $10,000. This platform is marked by simplicity but is yet powerful enough to support all features as the MT4 and other platforms.
- The last Hantec Markets platform is the MAM (Multi-Account Manager) platform for all professional financial managers who care about the investments of their clients. This platform allows simultaneous management of multiple accounts on different platforms (e.g. MT4 account and Currenex account).
Account Variety
The broker offers one standard live account which can be opened on any of the listed platforms. The Hantec Markets Standard account can be either opened as an individual, joint or corporate account. The minimum deposit requirement is $1000 with leverage 1:400. CFDs and Forex are available in 7 currencies (e.g. EUR, USD, AUD, AED, CHF, and GBP) and traders have 28 currency pairs for trading at their disposal. The demo version of the account is also available, but whereby most brokers offer an unlimited demo account, the Hantec Markets demo account can only be used for 30 days.
Hantec Markets Bonus
This broker shows appreciation of new customers by rewarding newcomers with a $50 Hantec Markets no-deposit welcome bonus. This is not the only bonus with the generous Hong Kong giant. They also offer various time-limited promotions like 50% cash back bonuses for those who refer a friend. The broker also has different contests like “The Broker of the Year” where eight brokers get rewarded for their trading efforts.
Funding Options
The broker offers several banking options as one would expect from a world-class broker. Traders can deposit and withdraw via the traditional wire transfer, as well as via credit cards, and e-wallets including Neteller, UnionPay, UATP, and Skrill. The withdrawal requests are handled within one business day. The broker does not specify any minimum or maximum withdrawal amounts so it might be the best to contact customer support to rule out any uncertainties.
Customer Support
Customer support seems not so important until one needs one. Therefore, traders, especially, newcomers, rely on a good customer support system, since they can encounter different difficulties during a trading day. For example, they can have technical issues or login problems, etc. Traders need an around the clock available service which could save them from major investment losses. The customer service is available in the different countries Hantec Markets operates and offers help with any kind of problem. The multilingual customer support is available via phone, e-mail, and the popular live chat. Clients are especially satisfied with the fast reply policy.