Hantec Markets vs FP Markets: Which One is Better for You?
Hantec Markets vs FP Markets, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between Hantec Markets vs FP Markets, here is the direct comparison:
|Feature||Hantec Markets||FP Markets|
|Office(s)||Australia, Hong Kong, United Arab Emirates, United Kingdom||Australia|
|Regulation||FCA (UK), 502635
FSC (Mauritius), C114013940
Jordan Securities Commission, 51905
|Minimum Position||0.01 lot||0.01 lot|
|Payment||Credit/debit cards, Neteller, Skrill, UnionPay, Wire transfer||Credit/debit cards, FasaPay, Local bank transfer, Neteller, Skrill, Wire transfer|
|US traders are welcome|
|Requires sending documents via postal mail|
|Overnight interest rates (swaps)|
|Trading by telephone|
|Interest rate on funds|
Trading Platforms and Complements
|Trading via API|
|One-Cancels-Other (OCO) orders|
|Gold & silver|
|Website Languages||Chinese, English, Polish||Chinese, English, French, Indonesian, Italian, Malay, Portuguese, Russian, Spanish, Vietnamese|
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, Hantec Markets provides their pricing with Fixed while FP Markets offers Variable.
Hantec Markets vs FP Markets: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, Hantec Markets enables trading with MetaTrader 4 (Limited with 30 days), Currenex Classic (Limited with 30 days), Currenex Viking (Limited with 30 days). The offer is supported with One-click trading, Trailing stop, Pending orders, One-Cancels-Other (OCO) orders. In comparison, FP Markets provides trading with MetaTrader 4, MetaTrader 5, IRESS Suite with the support of Mobile trading, Browser-based platform, Trailing stop, Pending orders.
Is Hantec Markets or FP Markets better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, Hantec Markets supports trading with Forex, Gold & silver, Spread betting, while FP Markets presents the ability of trading with Forex, Indexes, Metals.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments. To help you decide, this article here presents complete information on what you have to consider when choosing a forex broker:
For more comparisons, visit this page.