IFX Brokers vs Hantec Markets

IFX Brokers vs. Hantec Markets

We devoted several hours to a comprehensive analysis of the top Forex brokers for 2023. This article compares IFX Brokers and Hantec Markets.

Which offers better pricing – IFX Brokers or Hantec Markets?

IFX Brokers provides a highly competitive spread of 0.2 pips for the EUR/USD currency pair. With Hantec Markets’ the spread on EUR/USD offered is 0.0 pips.

IFX Brokers charge commission which apply on certain accounts. Hantec Markets does not charge any commission on its Standard Account or Cent Account.

Which broker offers more security when trading Forex and CFDs?

IFX Brokers is a South African broker that is fully regulated by the Financial Sector Conduct Authority (FSCA). This is the primary financial regulator in the country, allowing traders with IFX Brokers to enjoy a high level of deposit security and fully transparent trading conditions.

Hantec Markets is a United Kingdom broker and thus authorised and regulated by the Financial Conduct Authority (FCA) in the UK. The broker is committed to the Hantec Group’s values that developed through three decades of Forex brokerage experience.

Hantec Markets was originally established in Sydney, Australia in 2008. This was followed by the broker’s flagship office in London, United Kingdom in 2010. Over the next years, the broker grew rapidly, expanding the group’s operations across seven regulated entities and eighteen offices helped position Hantec Markets as one of the world’s most entrusted brokers.

Hantec Markets’ regulation in the United Kingdom (FCA), Jordan (JSC), and Mauritius (FSC), which represents the Western portion of the Hantec Group, utilises synergies to assist clients globally in trading safely on the most well-known and liquid financial markets in the world.

The Eastern Division of the Hantec Group includes Australia’s ASIC, Japan’s FSA, and Hong Kong’s CGSE regulations, giving Hantec the depth to concentrate on giving clients security and confidence while delivering a competitive product offering.

Hantec Markets is unfortunately not registered in South Africa by the Financial Sector Conduct Authority of South Africa (FSCA), although it does accept clients from South Africa.

Which broker offers the superior trading platform?

IFX Brokers gives users access to MT4 and MT5, comprising the whole MetaQuotes suite. These are regarded as the most well-liked and varied trading platforms in the market, and they provide social trading, a plethora of indicators, and strong charting tools.

Hantec Markets also offers trading on MetaTrader 4 and MetaTrader 5.

Do these brokers both offer MetaTrader?

Yes, IFX Brokers as well as Hantec Markets offer trading on MetaTrader 4 and MetaTrader 5.

How many Forex pairs can I expect from these brokers?

IFX Brokers offers trading on over 60 currency pairs where Hantec Markets offers trading in about 33 forex pairs.

Is it safe to trade with IFX Brokers?

Yes. The main regulatory authority in South Africa is the Financial Sector Conduct Authority (FSCA). They are in charge of overseeing IFX Brokers, ensuring that traders have access to transparent markets and a fair Ombudsman in the event that they run into any problems.

Is it safe to trade with Hantec Markets?

The Hantec Group was originally established in 1990 in Hong Kong and gradually expanded its operations and reputation across Hong Kong, Mainland China and Taiwan. In 2008 the brand Hantec Markets was founded in Sydney Australia and it opened its administrative offices in London in 2010.

Today the broker is regulated with some of the most respected global financial authorities, such as the Financial Conduct Authority (FCA) in the UK, The Financial Services Commission of Mauritius (FSC), and by the Jordan Securities (JSC), amongst others.

Who is IFX Brokers?

The South African foreign exchange broker, IFX Brokers is subject to the oversight of the Financial Sector Conduct Authority. The ability of any broker firm to continue operating is significantly impacted by the various regulations and limits they must adhere to. Because businesses have legal safeguards in place, there is less of a chance that they will become victims of fraud or other financial misdeeds.

IFX Brokers give its customers access to the MetaTrader 4 and MetaTrader 5 platforms, which are considered to be two of the most widely used and well-known platforms in the foreign exchange market. This is done in order to facilitate the speedy completion of foreign currency transactions.

These systems give its users access to an extensive variety of charting capabilities, a user-friendly interface that is able to handle many chart layouts and is available in two languages, and efficient order administration software.

MetaTrader versions 4 and 5 can not only be used on personal computers, but they are also compatible with mobile devices that run the iOS and Android operating systems and do not require the installation of any additional software.

The clients of IFX Brokers have access to an incredibly wide variety of trading alternatives and financial marketplaces to trade in. Products such as spot metals, energy, commodities, contracts for difference, stock indices, foreign currency, and virtual currencies are included in this category.

In addition to providing access to sixty different currency pairings, IFX brokers provide its customers with the opportunity to trade in natural gas, oil, and precious metals such as gold, silver, platinum, and palladium.

The lowest amount of money that must be deposited into a regular account is $100, and the smallest possible trade size is one hundredth of a lot. The U.S. dollar, the euro, and the South African rand are the primary currencies that can be used with this account.

In addition, the organization provides a demo account for potential customers to test out.

Customers of IFX brokers have access to a variety of easy methods, such as Pay Quick, Visa, and MasterCard credit cards, for depositing funds into and withdrawing funds from their accounts.

The fact that there are no costs associated with either deposits or withdrawals is the best aspect. Customers who are located in South Africa normally need between two and five hours to finish the withdrawal process.

On the other hand, it is common practice for businesses serving foreign customers to require a period of four or five working days to finish the withdrawal process.

Who is Hantec Markets?

Hantec Markets is an online financial broker that has won numerous awards since its inception in 2008. It is owned and operated by the Hantec Group, that was originally founded in Hong Kong in 1990. The company is regulated with some of the most respected national financial authorities in the world.

Today, Hantec Markets operates in several countries including Sydney, Lagos, Hong Kong, Mauritius, Auckland and Tokyo. With operations across seven regulated entities and nearly 20 offices, it is one of the most reputable brokers in the world.

Due to jurisdictions, Hantec Markets does not offer its services to residents in certain countries, including the United States, Iran and North Korea.

Hantec Markets provides trading on the globally known and preferred MetaTrader 4 and MetaTrader 5. Clients can trade in forex, bullion, stocks, indices, commodities and cryptocurrencies.

Clients are offered the option of opening two live account types. The Cent Account is mostly focussed on beginner traders who want to trade real funds but with fewer risks. The Standard Account is for traders who want access to the full suite of Hantec features. The initial deposit requirement for both these account types are only $10. A demo account is also available on both account types.

Hantec Markets offers competitive prices, tight spreads and high leverage. There are no charges on funding or withdrawal of funds as well a no commissions charges. However, Hantec Markets does not publish its average spreads and is not transparent about how its spreads are derived.

Hantec Markets’ education section is detailed and caters to traders of all experience levels, but it only offers a small selection of articles under different category headings. In addition, the broker offers quite an extensive webinar series, held three to four times a week, presented by industry experts. Webinars are run at three different times each day, and visitors are free to attend but must register before doing so. An archive of previous webinars is also available on the website.

In addition to a practical Economic Calendar, Hantec Markets provides video versions of both fundamental and technical analysis. However, the most recent update to these videos was in 2020. The broker does offer the services of Trading Central, which, among other things, provides fundamental and technical analysis of the financial markets that is updated each hour and comes from the industry’s leading specialists.

At Hantec Markets customers’ needs are taken seriously and has a dedicated customer support team.

Overall, Hantec Markets is a legitimate broker which can safely be done business with due to its strict regulations. With spreads that start at 0 pips on the EUR/USD and no commissions for forex trading, trading costs are incredibly low, and a minimum deposit amount of only $10 is required.