Hantec Global Review 2020
Hantec Global is an affiliate of the Hantec Group, a company established in 1990 to provide customized and professional services in the financial markets. They offer trading in forex and CFDs on equity indices, precious metals, energies, and cryptocurrency via MetaTrader 4 and Multi Account Manager platforms, with competitive spreads, seamless execution, and negative balance protection.
Hantec Global Review 2020, Pros & Cons
- FIX API for high-frequency trading
- ZuluTrade for social trading
- Relatively low minimum deposit
- Offshore regulation
- No US clients
- No stocks
- Inadequate educational resources
In this detailed Hantec Global review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Hantec Global is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including Hantec Global.
Hantec Global Review: Summary
Hantec Global is a member of the Hantec Group that offers forex and CFD trading to traders from regions not covered by the other members of the Group. They have over 100 instruments spread across five asset classes, which can be traded through the popular MT4 platform.
The broker offers a relatively low minimum deposit, competitive spread, fast execution, negative account protection, and active customer service. They provide access to a social trading network and other helpful tools. However, Hantec Global needs to improve on their regulation and educational resources.
Hantec Global Review: Regulation
Unlike the HantecFx and Hantec Markets — other brands operated by the Hantec Group — which are licensed by tier 1 financial regulators, Hantec Global is licensed (with license number: C114013940) and regulated by the Financial Services Commission (FSC) of Mauritius, a tier 3 financial regulator.
Clients’ funds are not insured by an independent organization since the broker is not a member of the Financial Commission. However, the broker keeps clients’ funds separately from the company’s funds — they are kept in the segregated client account maintained at a fully regulated bank. In addition, the broker regularly audits their account through the services of BDO, one of the most reputable external auditors in the world.
Hantec Global Review: Countries
The Hantec Group has other brands that serve the UK, EU, Australia, Hong Kong, and Japan, so the brand, Hantec Global Ltd, serves other parts of the world. But the broker states that they do not offer their services to residents of certain jurisdictions, such as the US, Afghanistan, Belgium, Bosnia & Herzegovina, Burundi, Eritrea, Gaza Strip, Haiti, Iran, Japan, Lao, Libya, Myanmar, North Korea, Somalia, South Sudan, Sudan, Syria, Venezuela, West Bank and Yemen.
Some Hantec Global broker features and products mentioned within this Hantec Global review may not be available to traders from certain countries because of legal restrictions.
Hantec Global Review: Trading Platforms
The ever-popular MT4 desktop application is one of the go-to retail trading platforms which allows you to implement most types of trading strategy. It has customizable price charts and a multitude of order types. The platform comes with 30 preprogrammed indicators, 9 charting timeframes, and a freely customizable interface to allow you to set it up the way you want.
Hantec Global MT4 mobile platform allows you to trade anytime and anywhere — even on a train. It has comprehensive account management features and enough technical indicators for conducting dail market analysis. There are Android and Apple-compatible MT4 mobile apps.
Multi Account Manager
For professional traders and regulated asset managers, the Hantec Global Multi Account Manager (MAM) is available for managing multiple MT4 accounts. The MAM software gives you the ability to manage several trading accounts from a single interface.
Hantec Global Review: Trading Tools
Hantec FIX API
With Hantec’s FIX API service, you can open up access to the interbank pricing networks, which offer some of the deepest pools of liquidity available and helps to ensure that traders’ execution requirements can be easily satisfied.
MT4 Expert Advisors help you automate your trading strategy so you won’t need to monitor your trading positions all day long. Hantec MT4 trading platform has a number of popular EAs built-in, but you can also create your own.
ZuluTrade is a social trading network that helps users to find traders ranked by ZuluRank, a proprietary performance evaluation algorithm, and then copy their trades. You can find out more in our detailed ZuluTrade review.
Hantec Global Review: Education
Currency trading webinars
The broker organizes Live MT4 Trading Webinar and Non-farm Payrolls Webinar from time to time. Some of the things they discuss in the Live MT4 Trading Webinar include trade management, potential key drivers, and potential new trades setups. In the Non-farm Payrolls Webinar, they perform a live analysis of how the market reacts to Non-Farm Payrolls and look for potential trading opportunities.
Daily Morning Forex Reports & Trading Analysis
Hantec Global releases forex market reports and trading analysis every morning. The reports show traders what to expect on that day.
The broker’s analyst also releases commentaries on some major events that can affect specific markets.
Hantec Global Review: Trading Instruments
Hantec Global gives you access to more than 100 tradable products, including currency pairs, CFDs, cryptocurrency, bullion, energies, and stock indices.
- Currency pairs: With this broker, you can trade all the major and minor currency pairs, as well as a number of exotic pairs
- CFD Cryptocurrency: The broker offers CFD trading in Cryptocurrency-USD pairs, such as BTC/USD, BCH/USD, XRP/USD, LTC/USD, ETH/USD, and DSH/USD
- Bullion: You can trade gold and silver with Hantec Global
- Equity indices: Some of the major stock market indices are available for trading, including AU200, ES35, EU50, FR40, HK50, JP225, UK100, US100, US30, and US500
- Energy commodities: Brent Crude Oil and WTI Crude Oil are also available for trading
Hantec Global Review: Trading Accounts & Fees
Hantec Global offers two account types — Standard and Pro — and each of those account types can be an Islamic account which is swap free. Swap-free accounts enable traders to hold positions for long periods without incurring swap charges, and they do not get spread widening. Demo accounts are available for those who need to practice trading online with virtual funds before opening a real live trading account.
The Standard account has the following features:
- Floating spread that starts from 1.1 pips
- Zero commission
- Stops out when the equity is 40% of used margin
- Minimum trade size of 0.01 lot and maximum trade size of 50 lots
- Up to 1:500 leverage
- A minimum deposit of $50
For the Pro account, the following apply:
- Floating spread that starts from 0.2 pips
- Commission applies
- Stop Out level at 40%
- Minimum trade size of 0.01 lot and maximum trade size of 100 lots
- Maximum leverage of 1:500
- $50 minimum deposit
As broker fees can vary and change, there may be additional fees that are not listed in this Hantec Global review. It is imperative to ensure that you check and understand all of the latest information before you open a Hantec Global broker account for online trading.
Hantec Global Review: Customer Service
Hantec Global offers a multichannel customer support service that includes email, telephone, Live Chat, and an online contact form. Their customer support team is available from 10 pm Sunday to 10 pm Friday (GMT) to provide traders with immediate support during trading hours. They can also be reached via their social media handles on Facebook, Twitter, Instagram, YouTube, and LinkedIn.
Hantec Global Review: Deposit & Withdrawal
Hantec Global tries to make funding and withdrawals simple and secure, so they accept only the most popular payment methods. They accept deposits in USD, EUR, GBP, AED, and NGN. Here are the payment options accepted by this broker:
- Bank Wire Transfer: Funding your account through this method can take up to 2-3 working days to be processed. Hantec Global does not charge any transaction fees, but the depository bank may charge some fees. Withdrawals also take up to 3 working days and fees may apply.
- Credit/Debit Card: The broker accepts Visa, MasterCard, and UK Debit Cards. Funding is instant, and there is a 2% deposit fee. Withdrawals may take up to 24 hours and fees may apply.
- Neteller: Deposit is instant and can be from $0 to $10,000 per transaction. Withdrawals are free of charge and may take up to 24 hours. There is an additional 0.5% charge for clients residing in Argentina, Brazil, India, and Japan. For clients residing in Taiwan, the additional fee is 1%.
- Skrill: Funding is instant and can be from $0 to $10,000 per transaction. Withdrawals may take up to 24 hours.
It is important to know that Hantec Global will, under no circumstances, accept any payment from third parties. Any funds received from a third party are returned.
Hantec Global Review: Account Opening
Trading with Hantec Global involves a 4-step process:
- Account registration
- Account verification
- Funding account
- Start trading
To register an account, click on the ‘Live Account’ button on the broker’s homepage to get the ‘New Client Registration Form.’ The long form has the following sections:
- Account details
- Personal details
- Employment and Financial Information
- Investment Experience
Fill completely and submit. Confirm your email and upload your means of identification and proof of address to verify your account. The verification may take up to a day or two. Once your account has been verified, you can proceed to fund it and start trading. Make sure that you carefully read all terms and policies during the account opening process.
Hantec Global Review: Conclusion
Hantec Global is an affiliate of the Hantec Group, a trading and investment firm that has been around for many years. They offer trading in forex, indices, energies, bullion, and cryptocurrency through various MT4 platforms.
With their low minimum deposit, competitive spread, fast execution, negative account protection, and access to a social trading network, Hantec Global seems to make trading easy. However, they are poorly regulated and do not have enough educational resources.
Forex and CFDs are leveraged products which can result in losses greater than your initial deposit. Therefore you should only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved, seeking independent advice if necessary prior to entering into such transactions.