An Overview of The Hantec Nigeria Forex Broker
Hantec Nigeria Forex Group is an internationally known and global Forex trading platform which has its branches and offices in so many parts of the world. Hantec Markets is known as a No Dealing Desk (NDD) Forex broker that provides and offers an interface for trading in Forex, CFD,, precious metals, currency pairs on online trading platforms such as Currenex and MetaTrader 4 (MT4).
The inception of the Hantec Markets Group dates back to the year 1990, when it was established to provide online trading and business services with foreign exchange securities, commodity futures and bullion trading. The Hantec Markets Limited is a subordinate company which operates and functions under Hantec Markets, which is the United Kingdom-based Hantec Group. The mother company is Hantec Pacific Limited, a multinational finance house domiciled in Hong Kong. The company also has a subsidiary in Australia known as Hantec Markets Pty Limited. The Hantec Markets Pty Ltd in Australia is licensed and regulated by ASIC and it does its operates its business activities under the trademark name, Hantec Markets Australina (HMA).
Good spreads
Hantec Markets has a spread in EUR/USD which floats around 1 pips on a commission-free Standard account, and this is a price that is really competitive in the Forex market.
Regulation
All the companies and subsidiary units of the Hantec group are licensed by regulatory authorizes such as the FCA and ASIC.
No Scalping
Hantec Group does not allow scalping on its Forex trading platform. Scalping is known as a tactical strategy used and employed by Forex traders to make profits from their trades.
Scalping is very popular amongst Forex traders. Through the use of scalping, any Forex trader can make profit from small price changes opening and closing Forex trades at a sonic speed. This would have been a great news for intending and prospective Hantec clients but unfortunately, the Hantec Forex group does not allow and tolerate scalping on its platform because it sees it as a type of market abuse, hence, it is unacceptable.
High Leverage
Hantec Global offers a high leverage of up to 1:500 which is an added advantage for Forex traders. Hantec clients often find their leverage attractive as it suits their trading styles. However, we always recommend and advise Forex traders that a high leverage is risky and it can make Forex traders to lose more than their initial deposit.
Features of Hantec Nigeria Forex Group
- It is a global Forex trading company
- It is licensed and recognized by reputable regulatory agencies like ASIC, FCA etc
- It has a high leverage of up to 1:500.
- Hantec does not allow scalping on its trading platform.
- Hantec allows its traders to trade on the MT4 Forex platform.
- Hantec markets offers 2 trading accounts; a Standard commission-free account and a Pro account.
- They have a good customer care support.
- Clients funds are safe because they are kept in segregate accounts.
- Hantec Markets requires an initial deposit of $1000 in USD, EUR or GBP to start trading.
- They have different payment options for clients.
Payment Options
Hantec Markets Group enables deposit and withdrawal through the following payment methods bank wire, credit/debit card, Skrill and Neteller. The accepted currencies are: CHF, AUD, USD, EUR, GBP, CAD, and AED.
Pros
It is a regulated company licensed in the UK, Australia and New Zealand
Available variety of payment methods.
Hantec has a responsive customer support team.
Cons
They have high deposit on all Forex trading accounts.
They only offer 13 equity CFDs which is quite poor.
They do not allow scalping on their platform.
Conclusion
This is an international company and they have been in the market for more than two decades.