Hantec Markets vs HFM - 2024 Comparison | FxScouts
AuthorAuthor: Björn MichelsUpdated: October 12, 2023

Last Updated On October 12, 2023

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
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
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 ZAR 0FSCA Regulated Forex BrokersCySEC Regulated BrokersFCA Regulated BrokersFinancial Services CommissionThe Seychelles Financial Services AuthorityDubai Financial Services AuthoritySTPBonds, Commodities, Cryptocurrencies, Energies, Stock CFDs, ETFs, Forex, Indices, Metals, Stock DMAs5340
      • Low minimum deposit
      • Tight spreads
      • Well regulated
      • Good range of accounts
      • Limited base currencies
      Read Review 11110.54.5/ 5 11110.54.5/ 5 11110.54.5/ 5 11110.54.5/ 5 111115/ 5 11110.54.5/ 5 11110.54.5/ 5 72.90%2000:10 pips Pro Plus, Hf Copy Trading, HFCopy, HFM Copy Trading, Islamic, Cent, Premium, Pro, Zero MT4, MT5, HFM Trading AppBank Transfer, Visa, Mastercard, Skrill6 USD / lot - Zero Account

      How do HFM 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.

      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 HFM 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 HFM 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 HFM holds two Tier 1 and one Tier 2 licences, and Hantec Markets holds two Tier 1 and one Tier 2 licences.


      Is HFM financially regulated?

      Yes HFM was founded in 2010 and is regulated by CySEC, DFSA, FCA, FSC, FSCA and FSA-Seychelles.


      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, 0 earned a higher trust rating than 0.

      Does HFM 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 HFM has overall lower trading costs than Hantec Markets. 

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      Trading Conditions
      Base Currencies
      EURUSD (Standard)
      Trading Cost (Standard)
      EURUSD (Best)
      GBPUSD (Best)
      USDJPY (Best)
      Hantec Markets
      111104/ 5
      USD, EUR, GBP, NGN
      0 pips
      USD 12
      0.20 pips
      0.50 pips
      0.50 pips
      USD 0
      HFM (HotForex)
      11110.54.5/ 5
      USD, ZAR
      1.00 pips
      USD 10
      0.10 pips
      0.50 pips
      0.30 pips
      USD 0


      Does HFM 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, 0 offers support for and 0 offers support for . 

      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 Hantec Markets and HFM offer copy trading.

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      Platform Choice
      Copy Trading
      HFM (HotForex)
      11110.54.5/ 5
      HFM Trading App


      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 Hantec Markets offers a greater range and depth of instruments to trade than HFM. Hantec Markets offers 130 Forex pairs to trade and HFM offers 53 Forex pairs to trade.

      Toplist Forex Pairs

      And what about Cryptocurrencies?

      In this case, Hantec Markets offers 48 cryptocurrencies while HFM offers 40 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 Hantec Markets nor HFM charges a withdrawal fee. Overall, 0 has better deposit and withdrawal processes than 0. 

      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. 

      Hantec Markets and HFM both have very good educational support. Both Hantec Markets and HFM offer educational support for more experienced traders.

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      Beginner Course
      Advanced Course
      Well Structured Education
      Education Quality
      Hantec Markets
      HFM (HotForex)


      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 HFM offers better research analysis than Hantec Markets and that both Hantec Markets and HFM offer frequent webinars.

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      Economic Calendar
      Trading Central
      Trading View
      Free VPS
      Hantec Markets
      HFM (HotForex)


      Our overall Verdict on HFM

      HFM (formerly known as HotForex) is a well-known international broker with a strong presence in South Africa. It has local FSCA regulation and local customer support, and unlike many other international brokers, it offers ZAR trading accounts. It also offers fast and free deposits and withdrawals in South African Rands from a range of local banks, including FNB, ABSA, Nedbank, and Standard Bank, among others. 

      HFM offers four standard accounts and one specialised copy trading account.  Three of its three standard accounts have no minimum deposit requirements and have extremely competitive trading fees. We were also pleased to find that HFM has recently reintroduced cryptocurrency trading, no doubt because of the popularity of the asset. This is alongside an excellent range of trading instruments, including shares listed on the Johannesburg Stock Exchange and over 950 other international stocks.

      HFM supports the MT4 and MT5 platforms in addition to its own mobile HF App, which allows clients to trade from charts and make deposits and withdrawals. It also has several excellent trading tools to assist traders further. Unfortunately, access to tools such as Autochartist, which other brokers offer as a free service, requires an account balance of 1500 ZAR – well above the minimum deposit.

      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?

      HFM 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 HFM and Hantec Markets.

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