BrokerDNA

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

FxNet
9.6 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT FXNET
Hantec FX
8.6 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT HANTEC FX
XTB
10 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT XTB
About

FxNet is regulated by CySEC. FxNet have provided Forex, Spread betting, CFD, stocks, indices trading services since 2012.

Hantec FX is regulated by the Financial Conduct Authority. Hantec FX have provided Forex, CFD, Bullion trading services since 1990.

XTB is regulated by the Financial Conduct Authority. XTB have provided Forex, CFD, and social trading services since 2002.

Why choose them?
  • Yes Over 6 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, CySEC
  • Yes Over 28 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
  • Yes Over 16 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, KNF, and CMB.
Headquarters Limassol, Cyprus Hantec House 12-14 Wilfred Street London, SW1E 6PL UK Level 34, One Canada Square, Canary Wharf, E14 5AA, London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) No No Yes
CFD No No Yes
Spread Betting No No No
Social Trading No No No
MARKETS & INSTRUMENTS
Forex (currency pairs) 42 48
Commodities Offered 0 21
Stocks Offered 0 1606
Bitcoin No No Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes No Yes
Penny stocks No No Yes
Energies Yes Yes Yes
Metals Yes Yes Yes
Agriculturals Yes No Yes
FTSE Yes No Yes
Dow Jones Yes No Yes
Dax Yes Yes Yes
Nikkei Yes No Yes
ETFs No No Yes
IPO No No Yes
See all instruments

76% of retail CFD accounts lose money.

See all instruments

76% of retail CFD accounts lose money.

See all instruments

76% of retail CFD accounts lose money.

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes Yes Yes
MT5 No No No
MT4 Mac No Yes Yes
WebTrader Yes Yes Yes
Mirror Trader No No Yes
ZuluTrade No No No
Sirix No No No
cTrader No No No
PAMM Yes No No
Custom Platforms No No Xstation5

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image No Yes Yes
Available Languages

Arabic, Chinese, Croatian, Czech, English, Greek, Hungarian, Japanese, Persian, Polish, Romanian, Russian, Slovak, Spanish,and Vietnamese

English, Mandarin, Cantonese, and Polish

English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian.

See platform & features

76% of retail CFD accounts lose money.

See platform & features

78% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

See platform & features

77% of retail investor accounts lose money when trading CFDs with this provider.

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by FxNet and Hantec FX

Demo account Yes Yes Yes
Mini account Yes Yes Yes
Micro account No No Yes
Standard account Yes Yes Yes
ECN Account Yes Yes No
Islamic account Yes Yes Yes
Zero spread account Yes No No
VIP account Yes Yes Yes
Fixed spreads No No Yes
Variable spreads Yes Yes Yes
See account options

76% of retail CFD accounts lose money.

See account options

78% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

See account options

77% of retail investor accounts lose money when trading CFDs with this provider.

TRADING CONDITIONS

Scalping Yes Yes Yes
Hedging Yes Yes Yes
Expert advisors (EAs) Yes No Yes
Virtual private server No Yes No
Direct market access Yes Yes Yes
STP broker Yes Yes Yes
Market maker Yes Yes Yes
Min trade 0.01 Lot 0.01 Lot 0.01 Lot
Max trade None 50 Lot 100 Lot
Min deposit $50 $1000 $1

RISK MANAGEMENT

Stop losses Yes Yes Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops Yes Yes Yes
Price alerts Yes No Yes
Signal trading No No Yes

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No No Yes
Neteller Yes Yes Yes
Skrill No No Yes
Payment processing time 1-3 business days 1-3 business days Same day if requested before 1PM
Withdrawal processing time 1-3 business days 2-5 business days Same day if requested before 1PM
See all funding options

76% of retail CFD accounts lose money.

See all funding options

78% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

See all funding options

77% of retail investor accounts lose money when trading CFDs with this provider.

DETAILED INFO

Excluded countries US, JP, AF, DZ, AO, BA, CU, GY, IR, IQ, Lao PDR, MM, KR, PG, SD, SY, YE US, JP, AF, DZ, AO, BA, CU, GY, IR, IQ, Lao PDR, MM, KR, PG, SD, SY, YE US,IN,PK,BD,IQ,IR,IL,AF,AU,CA
Contact email Send Email Send Email Send Email
Phone number 357 25 108 111 +44 (0) 20 7036 0850 44 2036953085
Live Chat Yes Yes Yes
Website https://www.fxnet.com/ http://www.hantecfx.com/ www.xtb.com
Spreads:
EUR/USD (Average: 0.7 pips) Not offered Not offered 0.1 pips
GBP/USD (Average: 1.1 pips) Not offered Not offered 0.1 pips
USD/JPY (Average: 1.1 pips) Not offered Not offered 0.1 pips
AUD/USD (Average: 0.8 pips) Not offered Not offered 0.2 pips
USD/CHF (Average: 2.3 pips) Not offered Not offered 0.2 pips
USD/CAD (Average: 2.9 pips) Not offered Not offered 0.3 pips
NZD/USD (Average: 3.6 pips) Not offered Not offered 0.3 pips
EUR/GBP (Average: 2.4 pips) Not offered Not offered 0.1 pips
View all spreads

76% of retail CFD accounts lose money.

View all spreads

78% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

View all spreads

77% of retail investor accounts lose money when trading CFDs with this provider.

FEES

Inactivity Fee No Yes No
Commission Yes No Yes
Deposit Fee Yes No No
Withdrawal Fee Yes No No
View All Fees

76% of retail CFD accounts lose money.

View All Fees

78% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

View All Fees

77% of retail investor accounts lose money when trading CFDs with this provider.

Featured In Best Brokers For Expert Advisors
Best 5 Digit Brokers
Best Brokers For Indices
Best FCA Regulated Brokers
Best CySEC Regulated Brokers
Best Brokers For Hedging
Best 5 Digit Brokers
Best Brokers With VPS
Best Brokers For Indices
Best FCA Regulated Brokers
Best Brokers That Accept PayPal
Best Forex Islamic Accounts
Best Litecoin Brokers
Best Brokers For Gold
Best Brokers For Copper
Last update

All information collected from https://www.fxnet.com/. Last updated on 01/08/2019.

All information collected from http://www.hantecfx.com/. Last updated on 01/08/2019.

All information collected from www.xtb.com. Last updated on 01/08/2019.

Company

FxNet is an online forex trading service provider who are regulated by CySEC, Bafin, FCA. To open an account with FxNet, minimum deposits start from $50.

With FxNet you can trade Forex, commodities, CFDs on Shares, and equity indices. If you like to trade on the go, FxNet have iphone and android apps so you can trade from anywhere on your phone.

FxNet offer MAM, MT4 Desktop, MT4 iPhone/IPad, MT4 Android, MT4 Multiterminal, MT4 Mac OS Tutorial platforms to make your trades and support 8 different languages.

The spreads offered by FxNet for the most popular instruments are:
2.3 EUR/USD, 2.0 FTSE 100, 40 GOLD,
2.4 GBP/USD, 5.0 DOW/JONES, 50 Crude Oil,
see all the spreads here.

Hantec FX is an online forex trading sevice provider who are regulated by the Financial Conduct Authority. To open an account with Hantec FX, minimum deposits start from $1,000.

With Hantec FX you can trade 50 currencies, gold, silver, Oil
and indices and commodity CFDs. If you like to trade on the go, Hantec FX have iPhone and Android apps so you can trade from anywhere on your phone.

Hantec FX offer MetaTrader 4, Currenex Classic, MetaTrader 4 for Mac, Currenex Viking, MetaTrader 4 for Mobile, Multi-Account Manager Try it) platforms to make your trades and support 7 different languages.

They also offer traders fast MT4 access and support.

The spreads offered by Hantec FX for the most popular instruments are:
1.8 EUR/USD, 1.0 FTSE 100, 50.0 GOLD,
2.0 GBP/USD, 4.0 DOW/JONES, 5 Crude Oil,
see all the spreads here.

XTB provides hyper fast execution and facilitates seminars with external professional traders, providing personalised education depending on your individual circumstances.

XTB operates with two factors in mind; to provide traders with the fastest execution speeds and to be the most transparent broker on the market, which is reflected by the services and products they provide.

XTB also have a dedicated education area - the Trading Academy - which contains material to help you become a better trader, including video tutorials, trading courses, articles and much more to improve your skills at every step of your trading journey.

If you are looking for a broker that is regulated by the Financial Conduct Authority and focuses on transparency, fast execution speeds and customer service, XTB is a great option.

For more information about trading with XTB, we have put together an in-depth XTB review covering the pros and cons of this broker.

Popular comparisons

Popular comparisons feat. FxNet

FxNet Alternatives

ETX Capital vs FxNet
Core Spreads vs FxNet
Plus500 vs XM
IG vs FxNet
GKFX vs FxNet

Popular comparisons feat. Hantec FX

Hantec FX Alternatives

ETX Capital vs Plus500
ETX Capital vs Core Spreads
Plus500 vs XM
IG vs Hantec FX
Avatrade vs Hantec FX

Popular comparisons feat. XTB

XTB Alternatives

XTB vs IG
XTB vs Plus500
XTB vs eToro
XTB vs Interactive Brokers
XTB vs XM

FxNet or Hantec FX?

Regulated by Financial Conduct Authority, CySEC or well established?

If you want a broker that has been established for a long time, Hantec FX may be a more appropriate option. FxNet and Hantec FX offer similar trading methods.

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider FxNet and Hantec FX to be equally reliable. We’ve broken down why below:

Who are they regulated by?

FxNet is regulated by Financial Conduct Authority, CySEC, while Hantec FX is regulated by Financial Conduct Authority.

As the Financial Conduct Authority are one of the most stringent regulators in the world, both FxNet and Hantec FX will have very strict guidelines to follow to ensure they protect their retail trader clients.

XTB are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

FxNet has been around for 7 years, while Hantec FX have been around for 29 years. Our third alternative broker, XTB, have been around for 17 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Both FxNet and Hantec FX use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

We’re not aware of any penalties or fines imposed by regulators on FxNet or Hantec FX in the past five years.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both FxNet and Hantec FX are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

FxNet are based in Limassol, Cyprus, while Hantec FX are based in Hantec House 12-14 Wilfred Street London, SW1E 6PL UK .

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both FxNet and Hantec FX offer forex trading. Hantec FX have a slightly larger variety of currency pairs with 42 pairs, compared to offered by FxNet. Also, if you’re looking to trade cryptocurrencies,

If you’re looking to trade commodities like gold, silver or oil, FxNet may be a better fit as Hantec FX does not offer commodity trading.

Platforms & Account Types

If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both FxNet and Hantec FX offer this. Our alternative broker, XTB, also offers MT4 and MT5.

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. FxNet, for example, offer a mini account, standard account and VIP account.

For Muslim traders, FxNet offers an Islamic account, which doesn’t accrue interest or incur/receive rollover swap points, as this is prohibited in Shariah law. You can learn more & compare Islamic trading accounts head-to-head here.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

FxNet does allow scalping and hedging. While Hantec FX also allows scalping and hedging. You can trade with EAs (expert advisors) on FxNet but you can't trade EAs (expert advisors) with Hantec FX.

In terms of risk management tools, FxNet does offer negative balance protection to prevent you owing your broker more than you’ve deposited, but Hantec FX doesn't offer this.

FxNet also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.

FxNet accept Neteller while Hantec FX accept Neteller.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, FxNet charges 2.30 points, while Hantec FX charges 1.80 points. Therefore, Hantec FX is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: FxNet or Hantec FX?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Hantec FX is more reliable based on our criteria above. Hantec FX has a wider range of instruments to trade. Hantec FX offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.