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Broker Score | Min. Deposit | Regulation | Trading Desk Type | Trading Instruments | Forex Pairs | Crypto Pairs | Pros | Cons | Regulation | Trading Conditions | Trading Platforms | Deposit & Withdrawal | Education & Research | Assets Available | Customer Service | % Lose with this broker | Leverage | Spread | Hedging | Scalping | Account Types | Islamic Account | Trading Platforms | Funding Methods | Trading Commission | ||
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USD 5 | Market Maker | Commodities, Cryptocurrencies, Stock CFDs, ETFs, Forex, Indices | 350 | 12 |
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| Read Review | 76% | 500:1 | 0.70 pips | Yes | Yes | CFD Account, FX Active | No | MT4, CMCmarkets | Bank Transfer, POLi, Visa, Maestro, Mastercard, Paypal | 0.005% | ||||||||||
USD 100 | STP | Commodities, Cryptocurrencies, Stock CFDs, Forex, Indices, Metals | 130 | 48 | Read Review | 66.79% | 500:1 | 0.20 pips | Yes | No | Cent, Standard | Yes | MT4, MT5 | Bank Transfer, Visa, Maestro, Unionpay, Skrill, Neteller, Pix | Fees Included in Spread |
The Radar Chart below highlights how the brokers stack up against each other across various metrics. The highest score a broker can receive in each area is 5.
At FX Scouts, we help traders find the broker that suits their trading needs. In many cases, the best way to achieve this is to compare brokers side-by-side.
To compare CMC Markets and Hantec Markets, we used the same factors we use when reviewing brokers: The trust and regulation of the broker, the trading platform, the costs and trading conditions, and the level of education and market analysis available at the broker.
Trust and regulation are some of the most important factors to consider when choosing a Forex broker. Trust in the Forex trading business is almost entirely founded upon regulation. We spend many hours evaluating the safety of each broker by delving into their fine print and confirming each one of their regulatory licences on the online registers. The more top-tier authorities a broker is regulated by, the higher its trust rating.
In our comparison, we found that CMC Markets holds three Tier 1 and two Tier 2 licences, and Hantec Markets holds two Tier 1 and one Tier 2 licences.
Based on these findings, CMC Markets earned a higher trust rating than Hantec Markets.
Another important aspect we consider when comparing brokers is the cost of trading. When evaluating trading costs, we always consider the minimum deposit required to open an account and the ongoing trading costs, including the spreads and commissions. When calculating trading costs, we measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit. The cost includes both the spread and any commission charged.
Not all brokers publish their trading costs, so we often open accounts and trade on their platforms to verify the spreads and commissions. Based on our reviews, we found that CMC Markets has overall lower trading costs than Hantec Markets.
Traders want Forex brokers to offer them a choice of trading platforms, so we give brokers who offer multiple platforms higher ratings. Trading platforms we consider include MetaTrader4, MetaTrader5, cTrader and proprietary mobile and web-based platforms.
In this case, 0 offers support for and 0 offers support for .
Copy trading is a great option for beginner traders who can’t trade full-time or lack experience with Forex trading. In this case both CMC Markets and Hantec Markets offer copy trading.
A variety of CFD instruments – and a large range of CFDs for each instrument category allow traders more opportunities for profitable trading. The best brokers will have thousands of CFDs to trade, covering all these instrument categories. We found that CMC Markets offers a greater range and depth of instruments to trade than Hantec Markets. CMC Markets offers 350 Forex pairs to trade and Hantec Markets offers 130 Forex pairs to trade.
In this case, Hantec Markets offers 48 cryptocurrencies while CMC Markets offers 12 cryptocurrencies. So if you want to trade cryptocurrencies, we advise trading with Hantec Markets.
Although brokers may have reasonable trading fees, many traders are caught out by the high non-trading fees charged by some brokers, including deposits and withdrawals. Traders want to be able to deposit and withdraw funds quickly and cheaply. Most brokers have multiple funding methods with zero fees for making deposits, but some brokers make it more expensive and take longer to process withdrawals.
We rate brokers more highly that process withdrawals within 24 hours by multiple withdrawal methods and without charging processing fees. We found that neither CMC Markets nor Hantec Markets charges a withdrawal fee. Overall, Hantec Markets has better deposit and withdrawal processes than CMC Markets.
We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas.
CMC Markets and Hantec Markets both have very good educational support. Both CMC Markets and Hantec Markets offer educational support for more experienced traders.
To successfully predict the price movements of an instrument, traders will need access to frequent market research and analysis. We find that research and market analysis are always better when they are produced in-house and updated frequently. Third-party resources don’t show the same expertise in trading ideas, so we place a strong emphasis on frequent in-house updates. Some brokers also often offer interactive webinars where traders can learn from experts in the field.
We found that CMC Markets offers better research analysis than Hantec Markets and that both CMC Markets and Hantec Markets offer frequent webinars.
Please note that CMC Markets no longer offers services to Nigerians. This review is for informational purposes only.
Founded in 1989, CMC Markets is a well-known Forex and CFD broker with a high trust rating and a huge range of financial instruments to trade. However, traders may be disappointed at the high trading fees on its commission-based account.
CMC Markets offers two live accounts with no minimum deposit requirements - a low-cost commission-free account with spreads starting at 0.7 pips on the EUR/USD and a commission-based account with spreads of 0.1 pip and commissions of 0.005% (which amounts to 50 USD per lot traded), which is extremely high.
Trading is offered on both MT4 and its powerful, innovative proprietary platform that features numerous technical and fundamental analysis tools. CMC Markets also offers excellent education and market analysis materials to get new traders started, and although customer service is offered 24/5, it does not provide a live chat feature, which is a serious oversight by this broker.
For experienced traders who like simple account options, low trading fees, and the MT4 trading platform, Hantec Markets is a good option. But with no other trading platforms, a limited range of CFDs, and no trading tools apart from the Trading Central indicator, some traders may find Hantec lacking.
Hantec Markets' Forex account has a high minimum deposit of 100 USD putting it out of the reach of most beginner traders, but spreads start at 0 pips (EUR/USD), extremely tight compared to other brokers, and no commissions are charged for Forex trading. However, Hantec Markets does not publish its average spreads and is not transparent about how its spreads are derived.
Hantec Markets caters to both beginners and more experienced traders with its learning material, including webinars that are held three times a week, but market analysis is sorely lacking and rarely updated.