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Do you want to know which is the better broker between WELTRADE and Hantec ?
In the table below, you can compare the features of WELTRADE , Hantec side by side to determine the best fit for your needs.
EURUSD: 0.3
XAUUSD: 0.4
Long: -7.5
Short: -2.5
Long: -43
Short: -30
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 weltrade, hantec 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:
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.
WELTRADE Review Summary in 10 Points | |
Founded | 2006 |
Registered Country/Region | Saint Vincent and the Grenadines |
Regulation | FSCA (exceeded) |
Market Instruments | forex, Index CFDs, commodities, stock CFDs, metals and digital currencies |
Demo Account | Available |
Leverage | 1:1000 |
EUR/USD Spread | Floating from 0.5 pips |
Trading Platforms | MT4, MT5 |
Minimum deposit | $1 |
Customer Support | 24/7 live chat, phone, email |
Established in 2006, WELTRADE, a trading name of Systemgates Capital Ltd, is allegedly an online CFDs broker incorporated in Saint Vincent and the Grenadines and regulated in Belarus that provides its clients with the worlds most widely-used MetaTrader4 and MetaTrader5 trading platforms, flexible leverage up to 1:1000, floating spreads on various tradable assets, a choice of four different live account types, as well as auto-trading service and 24/7 customer support service. As for regulation, WELTRADE holds an exceeded Financial Sector Conduct Authority (FSCA) license.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
WELTRADE has several advantages, such as a variety of trading instruments, flexible leverage options, and a range of account types suitable for traders at different levels. The broker also provides a range of trading platforms and tools, as well as 24/7 customer support.
However, the negative reviews from some customers regarding withdrawal issues and scams are concerning. Additionally, the lack of valid regulatory license may be a cause for caution. Traders should always exercise caution when selecting a broker and conduct thorough research before investing.
Pros | Cons |
• Negative balance protection | • Exceeded FSCA license |
• Multiple account types to choose from | • Negative reviews and reports of scams |
• Flexible leverage options | • Clients from the USA, Canada, EU, Belarus and Russia are not accepted |
• Low spreads with no commissions | |
• MT4 and MT5 supported | |
• Low minimum deposit ($1) | |
• Multiple deposit and withdrawal methods | |
• 24/7 customer support |
There are many alternative brokers to WELTRADE depending on the specific needs and preferences of the trader. Some popular options include:
CMC Markets - A reliable broker with a long history and competitive pricing.
FOREX TB - A broker with a wide range of trading instruments and a user-friendly platform.
GMO - A well-known Japanese broker with with a strong focus on technology and innovation.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
The fact that WELTRADE is regulated by Financial Sector Conduct Authority (FSCA) in South Africa is a positive point, but the negative reviews from clients are concerning. The negative reviews, including clients saying they are unable to withdraw and accusing WELTRADE of being a scam, cannot be ignored.
The fact that WELTRADE offers negative balance protection is a good thing, but it does not necessarily guarantee the safety of the investment. It is important to exercise caution when investing with any broker, and it is recommended to thoroughly research and gather information before making any investment decisions.
WELTRADE offers a diverse range of market instruments to trade including Forex, metals, commodities, index CFDs, and CFDs for digital instruments such as Bitcoin, Litecoin, and Ethereum. The Forex instruments include a variety of major, minor, and exotic currency pairs, with competitive spreads and high leverage options available. The commodity markets available to trade include precious metals like gold and silver, as well as energy products such as oil and gas.
Furthermore, traders can also access a variety of CFDs on popular stock indices from around the world. WELTRADE's offering of digital instrument CFDs allows traders to participate in the growing cryptocurrency market with competitive conditions.
WELTRADE's account types cater to traders of all levels, with the Micro account being suitable for beginners and the Premium account for advanced traders.
The Micro account has a minimum deposit requirement of $1, making it accessible for those who want to start with a small investment. The Pro account requires a minimum deposit of $100, and it is considered the best choice according to the broker's website. The Premium account requires a minimum deposit of $25,000 and offers additional features and benefits for advanced traders.
It is worth noting that traders should carefully consider their level of experience and investment goals when choosing an account type.
Account type | Micro | Pro | Premium |
Minimum deposit | $1 | $100 | $25 |
Average speed of deal execution | from 0.9 second | from 0.5 second | from 0.8 second |
Account currency | cents USD / cents EUR | USD | USD / EUR |
Spread | Floatingfrom 1.5 pips | Floatingfrom 0.5 pips | Floatingfrom 1.5 pips |
Minimum volume of one order | 0.01 lots | ||
Maximum volume of one order | 1000 lots | 100 lots | 100 lots |
Leverage | 1:33 - 1:1000 | 1:1-1:1000 | 1:33 - 1:1000 |
Margin Call Level | 100% | ||
Stop Out Level | 10%, 20% for digital instruments | ||
Interest rate | / | 5% | 3.5% |
Interest rate | No | ||
Trading platform | MetaTrader 4 / MetaTrader 5 | ||
Automatic trading | Yes | ||
Swap |
Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Micro or Premium account can enjoy flexible leverage ranging from 1:33 to 1:1000, while the Pro account with the leverage of 1:1-1:1000. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Spreads are influenced by what type of accounts traders are holding. WELTRADE reveals that the spread on the Micro and Premium accounts is floating from 1.5 pips, while the clients on the Pro account can experience floating spreads from 0.5 pips. All charging no commissions. It is important for traders to understand the different spread and commission structures before opening an account with WELTRADE.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commissions |
WELTRADE | From 0.5 pips | None |
CMC Markets | From 0.7 pips | None |
FOREX TB | From 0.5 pips | None |
GMO | From 0.8 pips | None |
Note: Spreads can vary depending on market conditions and volatility.
When it comes to trading platforms available, WELTRADE gives a variety of trading platforms to suit different traders' needs. The popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms are available for download on iOS and Android devices, as well as on desktop and Mac OS. These platforms are well-known in the industry for their user-friendly interface, advanced charting tools, and the ability to support automated trading through the use of Expert Advisors.
In addition, WELTRADE also offers the Web Terminal platform, which is accessible through a web browser, allowing traders to trade from any device with an internet connection.
Overall, WELTRADE's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:
Broker | Trading Platforms |
WELTRADE | MT4, MT5 |
CMC Markets | CMC Next Generation, MT4, MT5, Stockbroking platform |
FOREX TB | MT4, MT5, WebTrader, MobileTrader |
GMO | Z.com Trader, MT4, FXBook Mobile, Z.com Trader Mobile, FXBook Web |
Note: This table is subject to change as brokers may add or remove trading platforms over time.
In addition to its trading platforms, WELTRADE provides traders with some trading tools to assist with their trading decisions. One of these tools is the Trading Calculator, which enables traders to estimate their potential profits or losses on a trade before executing it.
The Economic Calendar is also available to traders, which shows upcoming economic events and releases and their expected impact on the markets. These tools can be useful for traders who want to keep up with the latest market news and make informed trading decisions.
WELTRADE accepts deposits and withdrawals with credit/debit cards, like Visa and MasterCard Skrill, Neteller, digital currencies, Perfect Money, Indonesia Local Bank, and Fasapay,making it convenient for traders from different countries. The minimum deposit amount depends on the terms of the payment system.
WELTRADE | Most other | |
Minimum Deposit | $1 | $100 |
Deposits via Indonesia Local Bank can be processed in 24 hours, while other deposits are instant. All withdrawal requests are said to be processed within 30 minutes and the broker supports 24/7 withdrawals. More details can be found in the below screenshots.
However, it is important for traders to carefully review the terms and conditions of each payment method, as well as any potential fees or limitations that may apply. More details can be found in the below screenshots.
It is a good sign that WELTRADE offers multiple ways to get in touch with their customer support team, including 24/7 Live chat, phone, email, online messaging, or request a callback. The broker also has a presence on popular social media platforms, including Twitter, Facebook, Instagram and Line, which may be convenient for some traders. It should be noted that the broker is registered in Saint Vincent and the Grenadines, which is not a heavily regulated jurisdiction, so traders should exercise caution and do their due diligence before investing.
Overall, WELTRADE's customer service is considered reliable and responsive, with various options available for traders to seek assistance.
Pros | Cons |
• 24/7 multi-channel support available | • Registered address is shady |
• Active presence on social media platforms for easy communication | |
• Support for multiple languages |
Note: These pros and cons are subjective and may vary depending on the individual's experience with WELTRADE's customer service.
WELTRADE offers a range of educational resources to help traders improve their knowledge and skills. The broker provides market news and analytics to keep clients updated on the latest market trends and developments. In addition, WELTRADE offers training and seminars to help traders learn the basics of trading, as well as more advanced strategies. The MetaTrader guide is also available for traders to learn how to use the trading platform effectively. These educational resources can help traders make better-informed trading decisions and improve their overall trading performance.
It is important to exercise caution when investing with any broker, and this includes WELTRADE. It is concerning to see reports of scams and issues with withdrawals from some users. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Based on the information available, WELTRADE is a Forex and CFD broker offering a range of trading instruments, account types, and platforms. It has some attractive features such as competitive spreads, a wide range of payment methods, and negative balance protection.
However, there are also some concerns raised by clients regarding withdrawal issues and scams. Additionally, the broker is registered in Saint Vincent and the Grenadines, which is a less regulated jurisdiction compared to major financial centers. Traders should exercise caution and conduct their own research before investing with WELTRADE or any other broker.
Q 1: | Is WELTRADE regulated? |
A 1: | No. WELTRADE holds an exceeded Financial Sector Conduct Authority (FSCA) license. |
Q 2: | At WELTRADE, are there any regional restrictions for traders? |
A 2: | Yes. Not for residents of the USA, Canada, EU, Belarus and Russia and other not-supported (restricted) countries. |
Q 3: | Does WELTRADE offer demo accounts? |
A 3: | Yes. |
Q 4: | Does WELTRADE offer the industry-standard MT4 & MT5? |
A 4: | Yes. Both MT4 and MT5 are supportable. |
Q 5: | What is the minimum deposit for WELTRADE? |
A 5: | The minimum initial deposit to open an account is only $1. |
Q 6: | Is WELTRADE a good broker for beginners? |
A 6: | No. WELTRADE is not a good choice for beginners. Though it seems to offer competitive trading conditions, it lacks legitimate regulation. |
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.
Hantec Review Summary in 10 Points | |
Founded | 1990 |
Registered Country/Region | Australia |
Regulation | ASIC, VFSC (offshore) |
Market Instruments | Forex, Commodities, Stocks & Indices |
Demo Account | Available |
Leverage | 1:400 |
EUR/USD Spread | 0.6 pips |
Trading Platforms | MT4 |
Minimum deposit | $0 |
Customer Support | 24/5 live chat, email |
Hantec is a brokerage firm that provides online trading services for various financial instruments, including forex, stocks, indices, CFDs, and commodities. The company was founded in 1990 and is headquartered in Hong Kong, with additional offices in mainland China, Taiwan, and the United Kingdom. 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 trading platform, as well as educational resources and 24-hour customer support services.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
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 trading platform, extensive educational resources, and in-depth market analysis suitable for both novices and seasoned traders.
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.
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 account | • Reports of difficulty with withdrawals |
• Low spreads | • Limited information on trading conditions and deposit/withdrawal |
• No minimum deposit requirement | |
• MT4 supported | |
• Rich educational resources | |
• Provides 24-hour customer support |
Is Hantec Safe or Scam?
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.
The main financial instruments offered by Hantec to investors are Forex, Stocks, Indices, CFDs, and Commodities. Forex trading is available in major, minor, and exotic currency pairs. Investors can also trade Stocks from some of the largest corporations in the world. Hantec offers CFDs on Indices and precious metals such as Gold and Silver, as well as energy commodities such as Brent and WTI crude oil. Overall, Hantec offers a diverse range of financial instruments to its clients to trade on its platform.
EURUSD, buy at 1.09721 and sell at 1.09715, calculate the spread
Hantec offers demo accounts to new traders who want to practice trading without risking their own money. The demo account is free for 30 days and comes with $50,000 in virtual funds to help traders get familiar with the platform and practice their strategies.
On the other hand, live accounts are designed for experienced traders who want to trade with real money. It seems that only one Standard live account type offered, but there is no minimum deposit requirement.
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.
While Hantec's website does not provide specific information about spreads and commissions, it is possible to calculate the spread for the EUR/USD pair based on the market instruments offered. The calculated spread is 0.6 pips, which is considered relatively low compared to other brokers in the industry.
It is important for potential investors to consider that the lack of transparency on spreads and commissions may be a red flag and they should inquire about these fees before deciding to open an account with Hantec.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission |
Hantec | 0.6 pips | Not disclosed |
AETOS | 1.8 pips | No commission |
Darwinex | 0.5 pips | $6 per lot |
Equiti | 0.6 pips | Not disclosed |
Note: Spreads can vary depending on market conditions and volatility.
Hantec offers the widely popular MetaTrader 4 (MT4) platform for both PC and mobile. The MT4 platform offers advanced charting and analysis tools, customizable indicators, and a variety of order types to cater to the trading strategies of different traders. The platform also supports automated trading through the use of Expert Advisors (EAs) and offers a user-friendly interface that is easy to navigate. The mobile version of the MT4 platform allows traders to access their accounts and trade on-the-go, providing flexibility and convenience.
Overall, the MT4 platform is a reliable and robust trading platform that is well-suited for traders of all levels of experience.
See the trading platform comparison table below:
Broker | Trading Platforms |
Hantec | MT4 |
AETOS | MT4 |
Darwinex | MT4 |
Equiti | MT4, EquitiGO app |
Note: Some brokers may offer additional trading platforms not listed in this table.
Hantec offers online payment platforms that allow customers to deposit funds using a bank card or credit card with the UnionPay logo. However, customers must have gone through the necessary formalities for online transfer business at the card-issuing bank.
Hantec | Most other | |
Minimum Deposit | $0 | $100 |
To withdraw funds, customers must have a transaction margin equal to or greater than 50% of their total deposit. If not, Hantec will charge a 5% administrative fee. The withdrawal processing takes 2-5 working days depending on the bank.
See the deposit/withdrawal fee comparison table below:
Broker | Deposit Fees | Withdrawal Fees |
Hantec | N/A | N/A |
AETOS | Free | $5 for bank transfer, free for others |
Darwinex | Free | free for first monthly withdrawal, then $1 per withdrawal |
Equiti | Free | free for debit/credit card, $15 for bank transfer |
You can reach out to Hantec Markets' support staff 24/5 via a variety of channels, including live chat, email, phone callback, and an FAQ section. The service is available during business hours from 8:00 a.m. on Monday to 7:00 a.m. on Saturday, Beijing Time. The FAQ section covers a range of topics, providing customers with helpful answers to common questions. Additionally, customers can follow Hantec on LinkedIn for updates and news.
Overall, Hantec appears to prioritize customer service and provides multiple ways for customers to seek help or information.
Pros | Cons |
• 24-hour customer support via live chat | • No 24/7 support |
• Callback service available upon request | • No phone support |
• Comprehensive FAQ section available | • Limited social networks support |
Note: This table is based on publicly available information and may not reflect the complete picture of Hantec's customer service. It is always recommended to conduct further research and due diligence before choosing a broker.
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.
Hantec's education section offers a wealth of resources for investors, providing them with the knowledge they need to make informed trading decisions. The free resources include detailed e-books on foreign exchange, daily/weekly marketing research reports, and a financial calendar to help investors stay up to date on market events. Hantec also offers professional market analysis, online foreign exchange courses, and webinars, which can be a great way for traders of all levels to improve their skills and knowledge. With Hantec's education resources, investors can learn how to navigate the markets, develop trading strategies, and make informed investment decisions.
In total, Hantec is a well-regulated broker that offers a range of financial instruments and MT4 trading platform, as well as rich educational resources 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.
Q 1: | Is Hantec regulated? |
A 1: | Yes. It is regulated by Australia Securities & Investment Commission (ASIC) and offshore regulated by Vanuatu Financial Services Commission (VFSC). |
Q 2: | At Hantec, are there any regional restrictions for traders? |
A 2: | Yes. Hantec does not offer its services to residents of certain jurisdictions including USA, Canada, Hong Kong, Macau, Iran and North Korea. |
Q 3: | Does Hantec offer demo accounts? |
A 3: | Yes. |
Q 4: | Does Hantec offer the industry-standard MT4 & MT5? |
A 4: | Yes. It supports MT4. |
Q 5: | What is the minimum deposit for Hantec? |
A 5: | There is no minimum initial deposit requirement. |
Q 6: | Is Hantec a good broker for beginners? |
A 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 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money. |
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 weltrade and hantec are, we first considered common fees for standard accounts. On weltrade, the average spread for the EUR/USD currency pair is from 0.5 pips, while on hantec 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.
weltrade is regulated by NBRB,FSC,FSCA. hantec is regulated by ASIC,VFSC.
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.
weltrade provides trading platform including Pro,Premium,Micro and trading variety including --. hantec provides trading platform including -- and trading variety including --.