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Do you want to know which is the better broker between Hantec and GMI ?
In the table below, you can compare the features of Hantec , GMI side by side to determine the best fit for your needs.
EURUSD: -0.3
XAUUSD: 1.1
Long: -5.72
Short: 1.55
Long: -0.02
Short: 0.01
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of hantec, gmi lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Hantec Review Summary in 10 Points | |
Founded | 1990 |
Registered Country/Region | Vanuatu |
Regulation | ASIC, VFSC (offshore) |
Market Instruments | Forex, Bullion, Commodities CFDs, Stock CFDs, Indices CFDs |
Demo Account | Available |
Max. Leverage | 1:400 |
EUR/USD Spread | Raw spreads from 0.1 pips (Standard account) |
Trading Platforms | MT4, MT5 |
Minimum Deposit | $100 |
Customer Support | working hours: 24 hours service, 8:00 a.m. Monday - 7:00 a.m. Saturday (GMT+8) |
Live chat, email, social media: Facebook and LinkedIn | |
Registered Address: 1276, 1st Floor, Govant Building, Kumul Highway, Port Vila, Republic of Vanuatu | |
Regional Restrictions | Residents of USA, Canada, Iran, North Korea, Hong Kong, and Macau are not allowed |
Hantec is a brokerage firm that provides online trading services for various financial instruments, including Forex, Bullion, Commodities CFDs, Stock CFDs, and Indices CFDs. Hantec is regulated by the Australian Securities & Investments Commission (ASIC) and is also offshore regulated by the Vanuatu Financial Services Commission (VFSC). The company offers various account types and MT4/5 trading platform, as well as educational resources and 24-hour customer support services.
In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.
When it comes to brokers, Hantec Markets stands out as a well-established, reliable option. It is regulated by Australia Securities & Investment Commission (ASIC). The site facilitates trade in a wide variety of instruments. Customized offering that includes the industry-standard MT4/5 trading platform and in-depth market analysis suitable for both novices and seasoned traders.
Pros | Cons |
• ASIC Regulation | • Offshore regulated by VFSC |
Wide range of trading assets | • Clients from USA, Canada, Hong Kong, Macau, Iran and North Korea are not accepted |
• Free demo accounts | • Reports of difficulty with withdrawals |
• Low spreads | • Limited information on trading conditions and deposit/withdrawal |
• MT4/5 supported | |
• In-depth market analysis |
However, the lack of transparency on trading conditions and deposit/withdrawal, as well as reports of withdrawal issues in the past, are potential drawbacks to consider. Ultimately, it is important for traders to thoroughly research and evaluate any potential broker before investing their funds.
Being regulated by Australia Securities & Investment Commission (ASIC, License No. 326907) and offshore regulated by Vanuatu Financial Services Commission (VFSC, License No. 40318), Hantec appears to be a legitimate broker which has been in operation for several years.
However, it's important to note that offshore regulation may not provide the same level of protection as other major regulatory bodies. It is also important to exercise caution and do thorough research before investing with any broker.
Hantec provides a diverse range of market instruments that cater to various trading preferences and strategies, making it a versatile choice for traders. The offerings include Forex, which allows traders to engage in the dynamic and potentially lucrative currency exchange markets. For those interested in precious metals, Hantec offers Bullion trading, including gold and silver, which are often considered safe-haven assets.
Additionally, the platform provides opportunities to trade Commodities CFDs and Stock CFDs, enabling traders to speculate on the price movements of essential goods and prominent company stocks without the need to own the underlying assets. Indices CFDs are also available, offering a way to trade on the performance of specific sections of the stock market.
Hantec provides two primary types of trading accounts that cater to both novice and experienced traders.
The demo account is an excellent option for beginners or those looking to refine their trading strategies without financial risk, offering $50,000 in virtual funds. This setup allows users to practice trading under real market conditions, helping them gain confidence and experience before committing real capital.
For more seasoned traders or those ready to engage with real funds, Hantec offers the Standard account, which can be opened with a minimum deposit of $100. This account type provides access to all the trading instruments available on Hantec, including Forex, commodities, indices, and more, making it a versatile choice for serious traders looking to capitalize on a broad range of opportunities in the financial markets.
Both account types are designed to provide users with flexibility and practical options tailored to their experience level and trading goals.
Opening an account with Hantec is a straightforward and structured process designed to get traders set up and ready to trade as efficiently as possible.
To begin, prospective clients need to click the 'Open Account' button on the Hantec website. The initial step involves filling out account information, such as selecting a trading platform and setting the desired leverage.
Following this, personal details are required, including gender, full name, country and region, type of identification document (ID card or passport), ID number, date of birth, residential address, mobile phone number, email address, bank name, and bank account number.
After entering these details, users will click the 'NEXT' button to proceed to the next stage where they will provide information about their investment experience to ensure suitability for trading.
The final step involves uploading necessary documents for verification purposes. Once all steps are completed and the information is verified by Hantec, the account will be activated and ready for trading.
Hantec offers leverage up to 1:400, which is a high level of leverage compared to some other brokers. This means that traders can open larger positions with a smaller amount of capital, which can potentially lead to higher profits.
However, it is important to keep in mind that higher leverage also increases the potential risks and losses. Traders should ensure they have a good understanding of the risks involved in trading with high leverage and use risk management tools such as stop loss orders to help limit their potential losses.
Hantec's Standard account offers exceptionally competitive trading conditions, particularly appealing for traders looking for cost-effective access to the markets. One of the standout features of this account is the offering of raw spreads starting from as low as 0.1 pips, which allows traders to execute their trades at very close to the underlying market prices without significant spread costs adding to their trading expenses.
Additionally, the Standard account benefits from zero commission on trades, further enhancing its appeal by reducing the overall cost of trading. This combination of low spreads and no commission fees makes Hantecs Standard account an attractive option for traders who prioritize minimizing costs while maximizing potential returns on their investments.
Hantec provides its clients with the highly acclaimed MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, ensuring a versatile and powerful trading experience across multiple devices. Both platforms are renowned for their robust functionality, including comprehensive charting tools, a wide array of technical indicators, and support for automated trading via Expert Advisors.
MT4 is particularly favored for its user-friendly interface and strong analytical capabilities, making it ideal for both novice and experienced traders. MT5 offers all the advantages of MT4 but with additional features such as more time frames, advanced financial trading functions, and better tools for price analysis. Hantec makes these platforms accessible on various devices including iPhone, Android, Web, and PC, allowing traders to seamlessly manage their trades and monitor the markets whether they are at home or on the move.
Hantec equips its traders with a comprehensive suite of tools and analytical resources designed to enhance trading effectiveness and market understanding.
For planning and strategy, Hantec provides an Economic Calendar and access to Trading Central, which offers insightful technical analysis and trading recommendations. These tools are invaluable for staying updated on important economic events and market movements that can impact trading decisions.
Additionally, Hantec's robust analysis features include Daily Reviews and Market Analysis, offering detailed evaluations of market conditions to help traders identify potential opportunities. The Trader Life section adds a unique perspective by exploring lifestyle aspects of trading, while the Academy offers educational resources that cater to both new and experienced traders, aiming to broaden their knowledge and improve their trading skills. Together, these tools and resources form a dynamic support system that empowers Hantec's clients to navigate the financial markets more effectively.
Hantec maintains a somewhat opaque approach regarding the specifics of its deposit and withdrawal processes, providing limited information publicly. However, it is known that Hantec offers a 24/5 withdrawal service, suggesting that clients can initiate withdrawals during the business week with the expectation of timely processing.
Additionally, the minimum deposit requirement for opening a Standard account is set at $100, which is relatively accessible for most traders and provides an entry point for those looking to start trading without a significant initial investment.
While more detailed information about payment methods, fees, and processing times would be beneficial for potential and current clients, the available options indicate a basic framework designed to support active trading.
Hantec | Most other | |
Minimum Deposit | $100 | $100 |
Hantec offers comprehensive customer support designed to cater to traders around the globe with a 24-hour service from 8:00 a.m. Monday to 7:00 a.m. Saturday (GMT+8), ensuring that assistance is readily available almost any time it is needed. Traders can reach out via various channels including live chat, email, and social media platforms such as Facebook and LinkedIn, providing multiple avenues for support according to the user's preference.
Registered Address: 1276, 1st Floor, Govant Building, Kumul Highway, Port Vila, Republic of Vanuatu.
As with any investment, it's important to exercise caution when choosing a broker, including Hantec. While there have been some reports of difficulties with withdrawals, these issues appear to have been resolved. It's important to do your research and take precautions when investing. You can use our platform to access information about brokers before making a decision. If you encounter fraudulent brokers or have been a victim of one, please report it in the Exposure section. Our team of experts will do everything possible to help resolve the problem for you.
In total, Hantec is a well-regulated broker that offers a range of financial instruments and MT4/5 trading platform, as well as rich tools and analysis for traders of all levels. The broker's leverage options are attractive, but caution should be exercised due to reports of hard-to-withdraw funds. Overall, Hantec is a reputable broker with both positive and negative aspects, and investors should carefully consider their needs and preferences before opening an account.
Question 1: | Is Hantec regulated? |
Answer 1: | Yes. It is regulated by Australia Securities & Investment Commission (ASIC) and offshore regulated by Vanuatu Financial Services Commission (VFSC). |
Question 2: | At Hantec, are there any regional restrictions for traders? |
Answer 2: | Yes. Hantec does not offer its services to residents of certain jurisdictions including USA, Canada, Hong Kong, Macau, Iran and North Korea. |
Question 3: | Does Hantec offer demo accounts? |
Answer 3: | Yes. |
Question 4: | Does Hantec offer the industry-standard MT4 & MT5? |
Answer 4: | Yes. Both MT4 and MT5 are available. |
Question 5: | What is the minimum deposit for Hantec? |
Answer 5: | $100. |
Question 6: | Is Hantec a good broker for beginners? |
Answer 6: | Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money. |
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
GMI Review Summary in 10 Points | |
Founded in | 2009 |
Headquarters | UK |
Regulation | FCA |
Market Instruments | forex, indices, gold, oil, silver |
Demo Account | Available |
Social Trading | Yes |
Leverage | 1:2000 |
EUR/USD Spread | 0.0 pips |
Trading Platforms | MT4 |
Minimum deposit | $15 |
Customer Support | 24/5 email and live chat |
GMI (Global Market Index) is a forex and CFD broker that offers trading services to retail and institutional clients. It was established in 2009 and is headquartered in the United Kingdom with offices in Cyprus and the UAE. The broker is regulated by the Financial Conduct Authority (FCA) in the UK. GMI offers a range of trading instruments, including forex, commodities, indices, and cryptocurrencies. It also provides the popular MetaTrader4 (MT4) platform.
GMI (Global Market Index) is a forex and CFD (contract for difference) broker, operating as a No Dealing Desk (NDD) broker with Straight Through Processing (STP) and Electronic Communication Network (ECN) execution models.
GMI appears to have a number of strengths, including its low minimum deposit requirement, tight spreads, various account types, social trading solution, and competitive leverage. However, a limited range of trading instruments, educational resources, research and analysis tools may concern some traders.
Pros | Cons |
• Regulated by FCA | • Limited range of trading instruments |
• Wide range of account types | • Inactivity fee after 90 days of inactivity |
• Commission-free trading | • Limited educational resources |
• Negative balance protection | • Limited research and analysis tools |
• Social trading feature supported |
Note: The pros and cons listed above are not exhaustive and may vary based on individual preferences and circumstances.
Overall, potential clients of GMI should conduct their own research and carefully consider the advantages and disadvantages before deciding to trade with this broker.
GMI is a regulated forex broker, licensed by Financial Conduct Authority (FCA), which provides some level of safety and security for traders. However, it is important to note that regulation does not guarantee the complete safety of funds and trading with any broker carries a level of risk. It is important for traders to do their own research and due diligence before deciding to trade with any broker.
In the table below, these measures show that GMI takes the safety and security of its clients seriously and works to provide a secure trading environment.
Protection Measures | Description |
Regulation | FCA |
Client Fund Segregation | GMI holds client funds in separate accounts from its operational funds to ensure that they are protected in case of bankruptcy or insolvency |
Negative Balance Protection | Clients can not lose more than their account balance |
Security Protocols | Protect clients' personal and financial information, including SSL encryption, two-factor authentication, and firewalls |
Investor Compensation Fund | Provides up to £85,000 of compensation to eligible clients in case of GMI's insolvency |
Based on the information available, GMI is regulated by the Financial Conduct Authority (FCA) in the UK, which oversees the company's compliance with financial regulations and standards. The company also claims to implement safety measures, such as negative balance protection and the use of segregated client accounts, to ensure the safety of its clients' funds.
As with any financial services provider, there is always a level of risk involved, and it is essential to do your due diligence and conduct thorough research before choosing a broker.
GMI offers a variety of trading instruments across different asset classes, including:
Forex: GMI offers a wide range of forex currency pairs, including major pairs like EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic pairs.
Indices: GMI offers trading on major stock market indices such as the S&P 500, NASDAQ, and FTSE 100, as well as a range of other international indices.
Gold: GMI offers spot trading in gold, which allows traders to speculate on the price of the precious metal without taking physical delivery.
Oil: GMI offers spot trading in oil, including Brent Crude and US Crude.
Silver: GMI offers spot trading in silver, which is another popular precious metal among traders.
However, other popular asset classes such as stocks and cryptocurrencies seem to be not available. Overall, GMI provides traders with many trading instruments to choose from, enabling them to diversify their portfolios and potentially capitalize on different market conditions.
GMI offers four types of live trading accounts: Cent, Standard, Standard Bonus, and ECN, all coming with low minimum deposits.
Cent Account: This account is ideal for beginner traders who want to start with a small investment. The minimum deposit requirement for this account is just $15.
Standard Account: This account is suitable for more experienced traders. The minimum deposit requirement for this account is $25.
Standard Bonus Account: This account is similar to the standard account but comes with an additional bonus on deposits. The minimum deposit requirement for this account is also $25.
ECN Account: This account is designed for professional traders who want to trade with the lowest spreads possible. It offers raw spreads starting from 0 pips. The minimum deposit requirement for this account is $100.
Risk-free demo accounts and swap-free Islamic accounts are also available at GMI.
GMI offers its clients various leverage options based on the account type and deposit amount. For the Standard Bonus account, leverage ranges from 1:500 for deposits between $100-$20,000 to 1:100 for deposits above $100,001. The Standard account offers leverage from 1:1000 for deposits between $250-$1,000 to 1:100 for deposits above $2,001.
The Leverage account provides higher leverage ratios, with 1:2000 leverage for deposits between $25-$10,000, decreasing to 1:100 for deposits above $200,001. Similarly, the Leverage account offers 1:2000 leverage for deposits between $25-$1,000, gradually decreasing to 1:100 for deposits above $100,001.
GMI offers spreads from 0.0 pips. It's important to note that spreads may vary depending on market conditions and liquidity. Traders may also be subject to additional fees such as swaps and overnight financing charges.
Regarding the commission, it varies depending on the type of account. There is no commission charged on the Cent, Standard, Standard Bonus accounts, while the commission for the ECN account is $4 per lot.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission |
GMI | 0.0 pips | No ($4 per lot for the ECN account) |
XM | 0.6 pips | No |
FXTM | 0.1 pips | No |
HotForex | 1.2 pips | No |
Pepperstone | 0.1 pips | AUD $7 per lot (round turn) |
IG | 0.6 pips | No |
Note: Spreads can vary depending on market conditions and volatility. It's always a good idea to check with the broker directly for the latest information on their spreads and commissions.
GMI offers its clients two choices of trading platforms, the popular MetaTrader 4 and its proprietary GMI EDGE. The GMI MT4 is available for Windows, Mac, iOS, Android and Web, including a variety of tools and features for technical analysis, order management, and customization. It also supports automated trading with the use of Expert Advisors (EAs). GMI EDGE can be downloaded through Androidm IOS and Web devices, enabling traders to access all trading accounts anytime, anywhere from the palm of hands.
See the trading platform comparison table below:
Broker | Trading Platforms |
GMI | MetaTrader4, proprietary GMI EDGE |
XM | MetaTrader4, MetaTrader5, XM WebTrader |
FXTM | MetaTrader4, MetaTrader5, FXTM Trader |
HotForex | MetaTrader4, MetaTrader5, HotForex WebTrader |
Pepperstone | MetaTrader4, MetaTrader5, cTrader |
IG | MetaTrader4 |
Note: The information in this table is subject to change and may not be exhaustive. It is recommended to visit each broker's website for the latest information on their trading platforms.
GMI offers social trading features that allow traders to copy the strategies of successful traders. This enables traders to learn from experienced individuals and potentially benefit from their proven track records. GMI's social trading platform promotes knowledge sharing and community-driven trading in a simple and accessible manner.
Users from different countries can fund with different methods. Just take an example of Malaysian users, they can fund their accounts via Local Bank Transfer, Neteller and Skrill.
The minimum deposit is $15 for Local Bank Transfer, and $10 for Neteller and Skrill. The minimum withdrawal is 50 MYR for Local Bank Transfer, and $10 for Neteller and Skrill.
No deposit fees are charged while withdrawal fees vary on the payment method. For example, there is no withdrawal fee for Local Bank Transfer, while a 4% withdrawal fee for Neteller and Skrill.
As for the processing time, all deposits and most withdrawals are instant, while Local Bank Transfer withdrawals may be slower, usually can be processed between 8am to 6pm daily.
GMI | Most other | |
Minimum Deposit | $15 | $/€/£100 |
The process for withdrawing funds from GMI may vary depending on the method used for the deposit. However, in general, you can follow these steps:
Step 1: Log in to your GMI account.
Step 2: Click on the “Withdrawal” option in the menu.
Step 3: Select the preferred withdrawal method from the available options.
Step 4: Fill out the withdrawal form with the required details.
Step 5: Submit the withdrawal request.
GMI may require additional verification documents before processing the withdrawal request. The time it takes for the withdrawal to be processed and the funds to be received may also depend on the chosen withdrawal method.
GMI charges various fees to its clients, including:
Overnight Financing: GMI also charges an overnight financing fee on positions held overnight. This fee varies based on the instrument traded, the account type, and the prevailing interest rates in the market.
Inactivity Fee: GMI charges an inactivity fee of $50 per quarter for accounts that have been inactive for more than 90 days.
Other Fees: GMI may charge other fees related to account maintenance, data feeds, and other services. These fees are disclosed in the account agreement and may vary depending on the client's location and account type.
It's always recommended to review the complete fee schedule and terms and conditions on the broker's website or by contacting their customer support team.
See the fee comparison table below:
Broker | Deposit Fee | Withdrawal Fee | Inactivity Fee |
GMI | Free | Free | $50/quarter if no activity for 90 days |
XM | Free | Free | $15/month after one year of inactivity |
FXTM | Free | Free (except bank wire) | $5/month after six months of inactivity |
HotForex | Free | Free (except bank wire) | $5/month after six months of inactivity |
Pepperstone | Free (except credit card) | Free (except bank wire) | $0 after 12 months of inactivity |
IG | Free (except bank transfer) | Free | $18/month after two years of inactivity |
Please note that fees may vary based on account type, payment method, and other factors. It's important to check with each broker directly for the most up-to-date and accurate fee information.
GMI provides customer support to its clients through various channels, including email and live chat. Customer service is available 24/5, which means that traders can get in touch with the company's representatives during business days. GMI's customer support team is multilingual, which is helpful for clients who speak languages other than English.
You can also fill in the online contact form to get in touch with GMI. However, the availability and quality of customer support may vary depending on the specific region and the volume of inquiries.
Pros | Cons |
• 24/5 customer support via phone, email, chat | • No 24/7 customer support |
• Personal account managers | • No physical offices in some regions |
• Multilingual support | • No social media support |
• Quick response time |
Note: Pros and cons may vary based on individual experiences and opinions.
Based on the analysis of GMI, it is a regulated and reputable broker that offers the low minimum deposit requirement, competitive spreads and commissions, and a choice of different account types, as well as good customer support. One potential downside of GMI is its limited range of trading instruments and educational resources. Additionally, it offers only one trading platform-MetaTrader4. MetaTrader5 is not available. Overall, GMI is a solid option for traders who prioritize MT4, demo trading and competitive pricing.
Q 1: | Is GMI regulated? |
A 1: | Yes. GMI is regulated by Financial Conduct Authority - FCA. |
Q 2: | Does GMI offer demo accounts? |
A 2: | Yes. GMI offers demo accounts with $10,000 virtual capital. |
Q 3: | Does GMI offer industry-standard MT4 & MT5? |
A 3: | Yes. GMI supports MT4. |
Q 4: | What is the minimum deposit for GMI? |
A 4: | The minimum initial deposit at GMI to open a Cent account is just $15. |
Q 5: | Is GMI a good broker for beginners? |
A 5: | Yes. GMI is a good choice for beginners because it offers a wide variety of trading assets with competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money. |
Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.
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 hantec and gmi are, we first considered common fees for standard accounts. On hantec, the average spread for the EUR/USD currency pair is -- pips, while on gmi the spread is --.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
hantec is regulated by ASIC,VFSC. gmi is regulated by FCA.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
hantec provides trading platform including -- and trading variety including --. gmi provides trading platform including Standard Bonus,Standard,Cent,ECN and trading variety including --.