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Hantec Markets vs CMC Markets - 2024 Comparison | FxScouts
AuthorAuthor: Björn MichelsUpdated: May 8, 2024

Last Updated On May 8, 2024

Björn Michels

Trading with a reputable online broker is a crucial factor for success in the international markets. At FxScouts, we help you find the broker that suits your trading needs.

Each year we spend thousands of hours testing brokers by opening accounts, testing their platforms, and rating them according to a set of over 200 metrics. We deposit real money with the brokers to ensure that the products and user experience they advertise are consistent with reality.

We have found that the best way for traders to choose a broker is to compare brokers side-by-side. The comparison tool below allows you to compare two brokers based on their ratings and features.

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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
11110.54.33/ 5 USD 100ASIC Regulated Forex BrokersFinancial Services AgencyFCA Regulated BrokersFinancial Services CommissionJordan Securities CommissionSTPCommodities, Cryptocurrencies, Stock CFDs, Forex, Indices, Metals13048
      Read Review 11110.54.5/ 5 111104/ 5 11110.54.5/ 5 11110.54.5/ 5 11110.54.5/ 5 11110.54.5/ 5 111104/ 5 66.79%500:10.20 pips Cent, Standard MT4, MT5Bank Transfer, Visa, Maestro, Unionpay, Skrill, Neteller, PixFees Included in Spread
      11110.54.53/ 5 USD 5ASIC Regulated Forex BrokersFCA Regulated BrokersMonetary Authority of SingaporeFinancial Markets Authority of New ZealandBundesanstalt für FinanzdienstleistungsaufsichtMarket MakerCommodities, Cryptocurrencies, Stock CFDs, ETFs, Forex, Indices35012
      • Offers a selection of over 12
      • 000 trading instruments
      • Features competitive spreads from 0.7 pips on major pairs on its commission-free accounts
      • No minimum deposit requirement
      • Supports MT4 and the proprietary Next Generation platform which delivers a superior mobile trading experience
      • Regulation by leading authorities such as ASIC
      • FCA
      • FMA
      • and BaFin
      • Commission-based accounts are subject to high fees potentially affecting profitability
      • The absence of live chat support may hinder prompt assistance
      • Some withdrawal methods have fees adding to the total trading costs
      Read Review 111115/ 5 111115/ 5 11110.54.5/ 5 111104/ 5 111115/ 5 11110.54.5/ 5 111003/ 5 76%500:10.70 pips CFD Account, FX Active MT4, CMCmarketsBank Transfer, POLi, Visa, Maestro, Mastercard, Paypal0.005%

      How do CMC Markets and Hantec Markets stack up against each other?

      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.

      CMC Markets

      Hantec Markets

      At FxScouts, 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.

      Does CMC Markets or Hantec Markets have a better trust and regulation rating?

      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.

       

      Is CMC Markets financially regulated?

      Yes CMC Markets was founded in 1989 and is regulated by ASIC, BaFin, FCA, FMA and MAS.

       

      Is Hantec Markets financially regulated?

      Yes Hantec Markets was founded in 1990 and is regulated by ASIC, FCA, FSA-Japan, FSC and JSE.

       

      Based on these findings, CMC Markets earned a higher trust rating than Hantec Markets.

      Does CMC Markets or Hantec Markets have lower costs?

      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. 

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      Broker
      Trading Conditions
      Base Currencies
      EURUSD (Standard)
      Trading Cost (Standard)
      EURUSD (Best)
      GBPUSD (Best)
      USDJPY (Best)
      Commission
      Hantec Markets
      111104/ 5
      USD, EUR, GBP, NGN
      0 pips
      USD 12
      0.20 pips
      0.50 pips
      0.50 pips
      USD 0
      CMC Markets
      111115/ 5
      AUD, USD
      0.70 pips
      USD 7
      0.70 pips
      0.90 pips
      0.70 pips
      USD 0

       

      Does CMC Markets or Hantec Markets offer a better choice of trading platforms?

      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, CMC Markets offers support for MT4 and CMCmarkets and Hantec Markets offers support for MT4 and MT5. 

      Do the brokers offer copy trading?

      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.

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      Broker
      Platform Choice
      Copy Trading
      Platforms
      CMC Markets
      11110.54.5/ 5
      CMCmarkets

       

      Which broker offers a better choice of trading instruments?

      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.

      Toplist Forex Pairs

      And what about Cryptocurrencies?

      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.

      Which broker offers better deposit and withdrawal processes?

      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. 

      Which broker offers better educational support?

      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.

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      Broker
      Beginner Course
      Advanced Course
      Well Structured Education
      Education Quality
      Webinars
      Hantec Markets
      High
      CMC Markets
      High

       

      Which broker offers better market analysis materials?

      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.

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      Broker
      Economic Calendar
      Autochartist
      Trading Central
      Trading View
      Free VPS
      Hantec Markets
      CMC Markets

       

      Our overall Verdict on CMC Markets

      Please note that CMC Markets no longer offers services to South Africans.  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.

      Our overall Verdict on Hantec Markets

      For 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 reasonable minimum deposit  requirement of 100 USD putting it within the reach of most beginner traders, and spreads that start at 0 pips (EUR/USD), extremely tight compared to other brokers. 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.

      Which broker has the highest overall rating?

      CMC Markets has an overall rating of 4.53 and Hantec Markets has an overall rating of 4.33. For more detail please read our reviews of CMC Markets and Hantec Markets.

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