Broker comparison between Binary.com vs Hantec
Do you want to figure out which is the better broker, binary-com or hantec?
In the following table, you can compare the features of binary-com and hantec side by side to determine the best fit for your trading needs.
Which broker is more reliable?
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction.
2.Does binary-com or hantec have a lower transaction costs and fees?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we believe that binary-com and hantec are both reliable. We analyze the reasons as following:
Forex broker introduction
General Information & Regulation
In 2013, BetonMarkets.com was rebranded as Binary.com by the parent company, to spearhead an expansion plan to step into the financial trading markets. Binary.com 's head office located on Malta, at Mompalao Building, Suite 2, Tower Road, Msida MSD1825. Binary.com is regulated by the Malta Financial Services Authority as a Category 3 Investment Services provider under the license number IS/70156. On the Isle of Man and the UK, Binary.com is regulated by the Gambling Supervision Commission and the UK Gambling Commission respectively.
Investors can trade binary options, lookbacks, forex, CFDs, commodities, metals (gold, silver, platinum, and palladium) through the Binary.com brokerage firm.
Binary.com Minimum Deposit
Unlike most binary options brokers, which require a minimum deposit of $250 to open a live trading account, Binary.com only require a minimum deposit of just $5, hence making Binary.com more accessible.
Spreads & Commissons
Spreads differ in light of trading accounts. Variable spreads start from 1.2 pips in the Standard accounts, spreads from 0.9 pips in the Advanced account. The commission part is not fully disclosed on the Binary.com website.
Trading leverage vary depending on various types. Binary.com uses the dynamic leverage, from 1:300 to 1:1000. Inexperienced traders are advised not to use such high leverage.
Binary.com Trading Platform
Binary.com offers traders the Deriv.com trading platform. Traders can trade a wide range of financial instruments on the Deriv.com platform, an easy-to-use and versatile trading platform for both novice and experienced traders. There is also SmartTrader, the preferred binary options trading platform that allows traders to trade on a simple, user-friendly online platform for the global financial markets.
Deposit & withdrawal
Binary.com welcomes a variety of payment and withdrawal methods. The main payment methods are Wire Transfer (for EUR, USD, GBP, AUD), PayTrust (for USD), ZingPay(forEUR,USD, GBP,AUD),Helpay(forUSD), VISA/MASTERCARD/Maestro (for EUR, USD, GBP, AUD), Fasapay (for USD), Perfect Money (for EUR). Binary.com does not provide detailed information on the fees for deposit and withdrawal.
Binary.com Customer Support
Binary.com has translated their website into a dozen different languages. As for customer support, traders can contact the support team through Live chat. The full details can be found on the “Contact US” area of the website.
General Information & Regulation of Hantec
Established in 1990 in Hong Kong, China, Hantec Group is a multi-location company providing professional financial services. In 2008, the Group reorganized its business structure to further optimize its business platform and continue to expand its overseas markets, developing and diversifying its product offerings with the addition of gold, forex, and CFDs. The company currently holds a full license from the Australian Securities and Investments Commission, a full license from the UK Financial Conduct Authority, a straight-through license from the New Zealand Financial Markets Authority, an AA license from the Hong Kong Gold and Silver Exchange Society, and a retail forex license from the Vanuatu Financial Services Commission. Hantec Group is a business brand shared by several companies under its name. The company that provides investors with forex, precious metals, and CFDs is regulated by the Financial Services Commission of Vanuatu (regulatory number: 40318), investors should be careful to consider.
The main financial instruments offered by Hantec Group to investors are forex, precious metals (London Gold, London Silver), and CFDs (Contracts for Difference).
The minimum deposit for opening an account is $0. However, there are indeed some limitations on deposit and withdrwal via different payment methods, as annoced on Hantec webistes, and traders need to contact their personal manager to get clear information.
Leverage of Hantec Group
The company's maximum leverage for investments is by default 1:100 (which can be specifically increased to 1:200). The use of leverage can increase returns and also magnify risks.
Spreads & Commissions
The spreads on Forex products are usually range from 3 to 5 pips, $0.50 for London Gold and $0.04 for London Silver.
Trading Platform Applied
Hantec provides traders with the MT4 and ETF trading platforms. MT4 is the most popular online trading platform for the retail trading market. The interface allows to implementing strategies of different complexity. Take advantage of the market and pending orders, stop losses, take profits, and there are powerful real-time charts. There are 30 built-in technical indicators, 9 time frames, and appearance customization. The trading platform is now available for iPhone, iPad, and Android, providing users with a non-stop Forex and precious metals trading experience.
Deposit & Withdrawal of Hantec
The company uses an online payment platform for users to withdraw and deposit funds. Users can transfer funds to the company's account through the online payment platform by having a Union Pay-logoed bank card or credit card and having an online transfer service without charging any commission from the online payment institution. The remittance fee may vary from bank to bank. In addition to the remittance bank's fee, traders will also be charged a fee by the transferring bank, depending on the transferring bank's amount.
Does binary-com or hantec have a lower transaction costs and fees?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive binary-com and hantec are, we first considered common fees for standard accounts. On binary-com, the average spread for the EUR/USD currency pair is -- pips, while on hantec the spread is --.
Which broker is safer, binary-com or hantec?
To determine the safety of a forex brokers, our experts take various factors into consideration in a multi-dimensional manner. This includes which regulatory licenses the forex trader holds and how reputable those licenses are. We also consider the history of a forex dealer, as long-standing dealers are usually more reliable and trustworthy than newer start-ups. binary-com is regulated by ASIC,VFSC. hantec is regulated by LFSA,VFSC,FSC,FSA.
Which broker provides better trading platform, binary-com or hantec?
When our experts review a broker, they usually open real trading accounts and trade through the broker's trading platform. This gives us a better overall assessment of the quality of the platform, the ease of use and the features it offers. binary-com Available trading platforms include --, tradable financial instruments include -- hantec works/provides -- trading platform, trading instruments --