Regulators: FCA, ASIC, FSC
Minimum Deposit: $50
Maximum Leverage: 1:500
Hello everyone! It’s Valentin here for Hantec Global review today. The broker is a trading name of Hantec Global LTD. It also a part of the Hantec Group.
So, let’s see what will you learn about this broker: What are the account types offered by Hantec Global? Is Hantec Global scam or reliable? What are the trading conditions such as spreads, minimum deposit and leverage? Is Hantec Global regulated?
You are going to get all the answers to these questions. Lets start with regulation and license section. Because it is the most important thing when you choose a broker.
License and Regulation
As I mentioned above, the broker is a part of Hantec Group. Hantec Markets is another brand of this group and it is regulated by FCA in United Kingdom.
Hantec Group is approved by the Australian Securities and Investments Commission (ASIC) to provide investment financial services in Australia.
Also, Hantec Global is a trading name of Hantec Global Ltd. who is authorized and regulated by the Mauritius Financial Services Commission (FSC) in the Republic of Mauritius. License Number: C114013940.
So, it means there is no license problem about the broker. You can invest and trade with this broker easily. Let’s look at the trading conditions of the broker.
Account Types and Spreads
Hantec Global offers two account types. These are Standard account and Pro account. There is a option also to choose these accounts as a swap-free Islamic account.
Both accounts have 50$ minimum deposit. They offer variable spreads. The maximum leverage is up to 1:500. Spreads are from 1.1 pip for Standard account. For pro account spreads are from 0.2 pip but there is also commission. Base currencies are USD / EUR / GBP / AED for both account types.
You can also open a Swap-free account. Swap Free Accounts can trade the following products without Swap charges EURUSD, GBPUSD, USDJPY, USDCHF, EURCAD, GBPCAD, EURGBP, CHFJPY, EURCHF, EURJPY, NZDUSD, AUDUSD, AUDNZD, USDCAD, GBPJPY, CADJPY, CADCHF, GBPCHF, XAGUSD, XAUUSD.
Swap-Free Account Features
- No interest/swap charges on overnight positions
- No spread widening
- No extra commissions
- Positions can be held with no time limit
- Leverage up to 500:1
- 100% real-time market execution
- 24/5 dedicated support from your Client Account Manager
Hantec Global offers the industry-leading trading platform MetaTrader 4. This is another good feature for the broker. Because most of the traders know and use MT4.
MetaTrader 4 is still the most used trading platform and it is not a surprise. It has user-friendly interface, automated trading systems, technical indicators, so many chart tools and more.
Deposit and Withdrawal Options
The funding methods that Hantec Global accept are wire transfer, credit/debit card, Skrill and Neteller. There is no commission when you deposit.
Hantec Global says it will cover any payment provider costs on your behalf. Customers’ funds are kept in fully regulated and reserved bank accounts.
They accept USD, EUR, GBP, AED and NGN for bank wire transfer. The processing time usually depends on the processing time of the sending bank and the intermediary bank (if necessary), but it may take about 2-3 business days for the funds to arrive.
Withdrawal can also be made using the same methods. The firm says that the withdrawal takes place within 1-2 hours. However, during peak times this period can be up to 24 hours, he says. This also depends on the withdrawal method you use.
Hantec Global is a part of Hantec Group who has many years of experience in the financial services sector. It is duly regulated and reliable forex broker.
Trading conditions are good. It offers MT4 trading platform. The max leverage is high 1:500. The minimum deposit requirement is low. It is just 50$.
So, you can open an account with this broker if you want. If you don’t like this broker you can find another good broker in my top forex brokers list.