Hantec FX Review

MIN. DEPOSIT $1,000
Up to 500:1
No BONUS
0 Users (0 votes)
Odds0
Services0
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Overview

Company Information HantecFX is one of the older Forex brokers on the market. The company has been in the position of a leader for two decades now. However, their website… more

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Details

BrokerHantec FX
Website URLhttp://www.hantecfx.com/
Founded1990
HeadquartersLondon, United Kingdom
Support Number+44 (0) 20 7036 0850
Support Emailinfo@hantecfx.com
Support TypesPhone, Live Chat, E-mail
LanguagesEnglish, Chinese, Cantonese
Minimum 1st Deposit$1,000
Minimum Trade Amount0.01 lots
Maximum Trade Amount50 lots
BonusNo
PayoutUp to 500:1
Free Demo AccountYes
Regulated Yes
RegulationFinancial Conduct Authority (FCA)
Account TypesLive, Demo
Deposit MethodsVisa, MasterCard, Maestro, UK Debit Cards, Airplus, UATP, Skrill, Neteller, Bank Transfer, China UnionPay
Withdrawal MethodsVisa, MasterCard, Maestro, UK Debit Cards, Airplus, UATP, Skrill, Neteller, Bank Transfer, China UnionPay
Types of AssetsForex, CFDs, Indices, Oil
Account CurrencyUSD, EUR, GBP, CHF, AUD, CAD, AED
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

  1. Company Information

HantecFX is one of the older Forex brokers on the market. The company has been in the position of a leader for two decades now. However, their website launched just seven years ago, in 2009. HantecFX cares deeply about their customers and thus are always evolving with the ever-changing competitive Forex market. Based in one of the biggest metropolises – London, the company strives to provide a high level of technology and quality topped off with fantastic customer support. Hantec Markets is regulated by the Financial Conduct Authority – FCA – and the Financial Services Compensation Scheme – FSCS. These two bodies are a guarantee for fair trading and conduct from the broker’s side. HantecFX is available in seven languages. The agent also allows Islamic accounts, but under certain conditions, which may not please some of the Islamic traders out there. Overall, the company goes to great lengths to provide a quality service to customers throughout the world. Another big plus is that you can get access to a real ECN and can trade in an environment, very similar to the interbank market.

 

HantecFX utilizes the best from the minimalistic designs you’ve seen with other Forex brokers. The company combines flat design with non-flat buttons, and the result is quite beautiful. Your eyes find the information you need pretty fast and the bumpy buttons are an excellent accent to more relevant pages. The majority of color you will be looking at is white, but there is some gray and red, with colored several icons for different features.

 

There is also a Research section, containing a vast number of webinars, education tools, morning reports, weekly outlook, economic calendar and autochartist. All of this is available for free to HantecFX clients.

 

  1. Trading Information

With HantecFX, you can trade with almost any type of commodity. The broker knows how important it is to cover a large number of instruments and contracts. Hantec excels in this regard. Customers can trade in Forex, major indices, precious metals, oil, commodities and even CFD stocks. Of course, you shouldn’t jump into CFD trading right away if you are new since you can lose more money than you deposited. You should be ready for the consequences before you dive in. As for more trading options, you can make use of scalping, hedging, automated trading and multiple trading signals. Server side orders and guaranteed stops and limits are excluded from the package. However, you can also make use of trailing stops, one-click trading, and guaranteed fills.

 

The maximum leverage is 200:1, which is perfect for all kinds of traders. The minimum position size is 0.1, the spread type is variable, and the pip spread on majors is between 2 and 5. All in all, great trading stats!

 

  1. Trading Platforms

It’s usually very hard to find a good Metatrader 4 Forex broker. However, HantecFX offers the platform and some excellent options to go with it. Meta Trader 4 is one of the most popular and widely used Forex trading software programs in the world. The special with Hantec is the Currenex Viking trading system. It’s a very advanced trading platform, hosting features like a graphic rich display of currency rates, transaction history, communication tools, fully integrated news and resources and position and account reporting. Currenex offers good FX liquidity with a large bank network and also allows automatic execution. The bad thing for low-rate traders is that Currenex is only available for trading volumes of $10000 or more. The minimum with Metatrader 4 is $1000, so it’s very accessible. The special HantecFX Multi Account Manager software is there to help you manage several Currenex or Metatrader 4 accounts simultaneously.

 

  1. Security and Customer Service

Since HantecFX is regulated by FCA and FSCS, I can already tell they are a very safe trading environment. Of course, there are some negative comments and opinions on the internet about the broker, but there will always be naysayers. Most people are very content with the data security and the fast and efficient customer service. And speaking of which, the client service department is available by phone, e-mail and live chat. You can also trade by phone if something happens to your internet connection and are in a pinch to get those pips. Customers can contact the associates from 10 pm Sunday to 10 pm Friday, London time. The customer support is available in several languages, too.

 

  1. Deposits and Withdraws

For every Forex broker out there, it’s crucial to provide a vast array of deposit and withdrawing options to their customers. HantecFX knows this, and the company covers every main supplier. You can deposit or withdraw money through Visa, Mastercard, Maestro, Neteller, Skrill, UATP and more. All your deposits are insured and segregated. The broker accepts EUR, USD, AUD, CAD, GBP and CHF as currencies, too. A very particular occurrence is the same day withdrawal. You don’t have to wait for managers to take decisions or banks to process the money. Overall, the procedures are seamless and very easy to complete.

 

  1. Deposit Bonus and Loyalty Programs

At the time of writing, HantecFX does not offer any bonuses or special offers. However, in the past, the broker had quite a bit of competition and promotions. For example, customers were able to sign up for the Best Trader of the Year and win prizes up to $18000. Of course, you can open a demo account to test the system for 30 days, and then decide if you wish to move to the real trading. Some people say 30 days is a low time frame for testing out a Forex website, but in my opinion, it’s just fine.

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