78% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Like most brokers, Hantec FX takes a fee from the spread, which is the difference between the buy and sell price of an instrument.
The commisions and spreads displayed below are based on the minimum spreads listed on Hantec FX’s website. The colour bars show how competitive Hantec FX's spreads are in comparison to other popular brokers featured on BrokerNotes.
|EUR/USD (Average: 0.7 pips)||Not offered||0.7 pips||0.1 pips|
|GBP/USD (Average: 1.1 pips)||Not offered||1.7 pips||0.1 pips|
|USD/JPY (Average: 1.1 pips)||Not offered||0.6 pips||0.1 pips|
|AUD/USD (Average: 0.8 pips)||Not offered||0.6 pips||0.2 pips|
|USD/CHF (Average: 2.3 pips)||Not offered||2.3 pips||0.2 pips|
|USD/CAD (Average: 2.9 pips)||Not offered||0.5 pips||0.3 pips|
|NZD/USD (Average: 3.6 pips)||Not offered||2.8 pips||0.3 pips|
|EUR/GBP (Average: 2.4 pips)||Not offered||0.5 pips||0.1 pips|
Spreads are dynamic and are for informational purposes only.
As you can see, Hantec FX’s minimum spread for trading EUR/USD is pips - which is relatively low compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with Hantec FX vs. similar brokers.See all Spreads
If you were to buy one standard lot of EUR/USD (100k units) with Hantec FX at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $9.94. Here’s a rough breakdown of the fees and how this compares against AvaTrade & IG .
|Spread from:||$ 2.00||$ 7.00||$ 6.00|
|Total cost of a 100k trade:||$ 2.00||$ 7.00||$ 6.00|
|$5 more||$4 more|
|Visit XTB||Visit AvaTrade||Visit IG|
All fees/prices are for informational purposes and are subject to change.
Hantec FX offers over 1,500 different instruments to trade, including over 48 currency pairs. We’ve summarised all of the different types of instruments offered by Hantec FX below, along with the instruments offered by AvaTrade and IG for comparison.
|FX / Currency CFDs||XTB||AvaTrade||IG|
|# of forex pairs offered||48||59||90|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes||Yes|
|Exotic forex pairs||Yes||Yes||Yes|
|# of commodities offered||21||16||34|
|Index & Stock CFDs||XTB||AvaTrade||IG|
|# of stocks offered||1606||99||8000|
|See XTB's Instruments||See AvaTrade's Instruments||See IG's Instruments|
Hantec FX offers the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. The combination of downloadable platforms for both Mac and Windows allows traders to trade with their device of choice.
Hantec FX also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.See Hantec FX's platforms
Hantec FX allows you to execute a minimum trade of 0.01 Lot. This may vary depending on the account you open. Hantec FX allows you to execute a maximum trade of 50 Lot. As Hantec FX offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you’re paying to execute your trades.
As a market maker, Hantec FX may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.
Finally, we’ve listed some of the popular funding methods that Hantec FX offers its traders below.
Hantec FX support a wide range of languages including English, Mandarin, Cantonese, and Polish.
Hantec FX has a BrokerNotes triple AAA support rating because they offer a wide range of languages and support options.
As Hantec FX is regulated by Financial Conduct Authority , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:
You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore Hantec FX’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with Hantec FX you can visit their website here.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.hantecfx.com/ on 01/09/2020.