HMA Review Summary in 10 Points Founded 1990 Headquarters Australia Regulation ASIC Market Instruments forex, commodities, indices, cryptocurrencies Demo Account Available Leverage 1:200 EUR/USD Spread from 0.6 pips Trading Platforms MT4 Minimum deposit 0 Customer Support 24/5 phone, email, live chat What is HMA？ Hantec Markets Australia (HMA), a subsidiary of Hantec Group, which was established in Hong Kong in 1990. It is authorized and regulated by the Australia Securities and Investment Commission ( ASIC), regulatory number 326907 to provide financial services in Australia. It provide investors with foreign exchange, precious metals contracts, indices of investment services through the widely used MT4 trading platform. What Type of Broker is HMA？ Hantec Markets Australia (HMA) is a forex and CFD broker. It acts as a straight-through processing (STP) broker, meaning that it passes its clients' orders directly to liquidity providers without intervention. This results in faster execution and better pricing for traders. HMA is also a No Dealing Desk (NDD) broker, which means that it does not take the opposite side of its clients' trades. Pros & Cons Hantec Markets Australia (HMA) appears to be a reliable broker with a strong regulatory framework and investor protection measures in place. The broker offers a good range of trading instruments on the MT4 trading platform. The customer support is generally responsive and helpful. However, the broker's fees and trading costs may be relatively high compared to some other brokers. Pros Cons • Regulated by ASIC • Limited educational resources • Negative balance protection for clients • No 24/7 customer support • Multiple account types to choose from • Limited research and analysis tools • No minimum deposit requirement • Competitive spreads and commissions • Access to MetaTrader4 platform and tools • Wide range of payment methods It's important to note that these pros and cons are based on general information about HMA and may not apply to every individual's trading experience. HMA Alternative Brokers There are many alternative brokers available in the market. Some of the most popular ones are: Pepperstone: Pepperstone is an Australian-based broker that offers Forex, CFDs, and cryptocurrencies trading. It is regulated by ASIC and FCA, and has won multiple awards for its trading platforms and customer service. IG: IG is a UK-based broker that offers Forex, CFDs, stocks, and commodities trading. It is regulated by multiple authorities, including ASIC, and is known for its competitive pricing and advanced trading platforms. CMC Markets: CMC Markets is a UK-based broker that offers Forex, CFDs, stocks, and cryptocurrencies trading. It is regulated by multiple authorities, including ASIC and FCA, and offers a range of educational resources for traders. Saxo Bank: Saxo Bank is a Danish-based broker that offers Forex, CFDs, stocks, and commodities trading. It is regulated by multiple authorities, including ASIC, and offers a range of advanced trading tools for experienced traders. FP Markets: FP Markets is an Australian-based broker that offers Forex, CFDs, stocks, and commodities trading. It is regulated by ASIC and offers competitive pricing and a range of educational resources for traders. It is important to thoroughly research and compare the features, regulations, fees, and customer service of each broker before making a decision. Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs. Is HMA Safe or Scam？ As Hantec Markets Australia (HMA) is regulated by the Australian Securities and Investments Commission (ASIC), it is required to comply with various rules and regulations to ensure client protection. Here are some ways in which HMA protects its clients: Client Protection Measures Description Regulation ASIC Segregated Funds Ensures that clients' funds are not used for the broker's business activities Negative Balance Protection Clients' accounts cannot go into negative territory Risk Management Tools Such as stop-loss orders, which allow clients to limit their potential losses on trades Data Protection Protect client data from unauthorized access and cyber attacks It's important to note that while HMA takes measures to protect its clients, trading always carries risk and clients should be aware of the potential for loss. Our Conclusion on HMA Reliability: As Hantec Markets Australia (HMA) is a regulated broker by the Australian Securities and Investments Commission (ASIC), it is considered a reliable and trustworthy broker. ASIC is known for its strict regulations and supervision, and its requirement for brokers to meet strict capital adequacy and client money protection rules helps to ensure that clients' funds are kept safe. Additionally, HMA's partnership with tier-1 banks for segregated client funds and use of SSL encryption for online transactions further enhance its reliability. However, it's important for traders to conduct their own due diligence and carefully review the broker's terms and conditions before opening an account. Market Instruments HMA offers a range of trading instruments including Forex, Commodities, Indices, and Cryptocurrencies. Some of the specific instruments available for trading include major currency pairs, gold, silver, oil, natural gas, stock indices, and popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. Accounts HMA offers several account types that cater to different trading needs: Standard Account: This account requires no minimum deposit requirement. Pro Account: This account is for professional accounts, and offers spreads starting from 0.6 pips. Islamic Account: This account is designed for traders who follow the Islamic faith and comply with Sharia law. It operates without swap or rollover interest on overnight positions. Demo Account: HMA also provides a free demo account for traders who want to test their trading strategies in a risk-free environment. Leverage HMA offers the maximum trading leverage of 1:200 for Forex currency pairs, 1:10 for futures (excluding gold), 1:20 for gold, 1:20 for major indices, and 1:10 for minor indices. It's important to note that high leverage can significantly increase the risk of trading, and traders should carefully consider their risk tolerance and trading strategies before using high leverage. Spreads & Commissions HMA reveals on their website that clients on the Pro account can enjoy spreads from 0.6 pips with no commission. And the average EUR/USD spread is 0.73 pips. Below is a comparison table about spreads and commissions charged by different brokers: Broker EUR/USD Spread Commission HMA 0.6 pips No Pepperstone 0.16 pips AUD 3.5/lot IG 0.7 pips No CMC Markets 0.7 pips No Saxo Bank 0.1 pips No FP Markets 0.1 pips AUD 7/lot Note that the spread and commission values are subject to change and may vary based on account type, trading instrument, and market conditions. Trading Platforms HMA offers traders the most popular MT4 trading platform, which is available for Mobile, PC and Web. The interface allows for the implementation of trading strategies of varying difficulty, and it features the ability to take full advantage of the market and pending orders, stop losses, take profits, powerful charting tools with 30 built-in technical indicators, 9 time frames, and appearance customization, which allows traders to configure the ideal settings to suit their trading requirements. Overall, HMA'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 HMA MT4 Pepperstone MT4, MT5, cTrader, WebTrader IG MT4, MT5, Web CMC Markets MT4 Saxo Bank SaxoTraderPRO, SaxoTraderGO FP Markets MT4, MT5, IRESS Note: Some brokers may offer additional platforms or variations of these platforms. This table only includes the primary platforms offered by each broker. Deposits & Withdrawals Hantec Markets Australia (HMA) offers a range of deposit and withdrawal options for its clients, including Payment Gateway, BPAY, VISA/MasterCard, Bank Transfer, and SWIFT international transfer. HMA does not charge any fees for deposits and withdrawals. However, clients are advised to check with their payment providers regarding any potential transaction fees. The processing time for withdrawals may vary depending on the payment method and can take up to 2-5 business days. It's worth noting that HMA may require additional documentation and/or information from clients to verify their account before processing withdrawals. Minimum deposit requirement As for the minimum deposit, there is no minimum deposit requirement with HMA. HMA minimum deposit vs other brokers HMA Most other Minimum Deposit 0 $/€/£100 HMA Money Withdrawal To withdraw funds from your Hantec Markets Australia (HMA) account, you can follow these steps: Step 1: Log in to your HMA account and click on the “Withdrawal” option in the menu. Step 2: Select the account you wish to withdraw funds from and choose the withdrawal method. Step 3: Fill in the required details for the withdrawal method you selected. Step 4: Enter the amount you wish to withdraw and click on “Submit”. Step 5: Wait for the withdrawal to be processed. The processing time can vary depending on the withdrawal method you chose. It's important to note that HMA only allows withdrawals to be made to the same account or payment method that was used to deposit funds. This is a standard practice to ensure the security of clients' funds. Fees Hantec Markets Australia (HMA) charges several types of fees, including trading fees, financing fees, and account-related fees. Here is an overview of the main fees charged by HMA: Trading Fees: HMA charges trading fees in the form of spreads, which is the difference between the buy and sell prices of a financial instrument. The spread varies depending on the account type and the instrument traded. Generally, HMA offers competitive spreads. Financing Fees: If you hold a leveraged position overnight, you may be charged a financing fee, also known as a swap fee. This fee varies depending on the instrument and the position size. Account-related Fees: HMA may charge fees for account-related activities, such as account inactivity, account closure, or deposit/withdrawal transactions. However, HMA does not charge any deposit or withdrawal fees. Overall, HMA's fee structure is transparent, and its trading fees are competitive. However, the financing fees can be high for some instruments, and account inactivity fees may apply if you do not trade frequently. See the fee comparison table below: Broker Deposit Fee Withdrawal Fee Inactivity Fee HMA Free Free AUD 15/month after 12 months of inactivity Pepperstone Free Free AUD 20/month after 12 months of inactivity IG Free Free (1 free per month) AUD 22.50/month after 2 years of inactivity CMC Markets Free Free (1 free per month) AUD 15/month after 24 months of inactivity Saxo Bank Free (bank transfer) Free (1 free per month) EUR 100/year after 6 months of inactivity FP Markets Free (bank transfer) Free (1 free per month) USD 10/month after 6 months of inactivity (or equivalent) Note that some of these fees may vary depending on the payment method and currency used for the deposit/withdrawal. It is always recommended to check with the broker for the latest fee information. Trading Hours HMA is open 24 hours a day five days a week, starting at 21:00 GMT on Sunday and closing at 00:40 GMT on Saturdays. Index trading times vary as they follow local market operating hours Customer Service Hantec Markets Australia (HMA) provides customer support through phone, email, and live chat, which are available 24/5. You can also send messages online to get in touch. However, they only supports two kinds of language: English and Chinese. Overall, HMA's customer service is considered reliable and responsive, with various options available for traders to seek assistance. Pros Cons • 24/5 customer support via phone, email, and live chat • No 24/7 customer support • Personal account managers and relationship managers available • Only supported by English and Chinese Note that these pros and cons are subjective and may vary depending on individual experiences and preferences. Conclusion To sum up, Hantec Markets Australia (HMA) is a regulated forex and CFD broker that offers a range of trading instruments, competitive spreads, and leverage options. The broker also provides the popular MT4 platform, as well as reliable customer support. However, the broker has limited educational resources, research and analysis tools. Overall, HMA is a solid choice for traders who are looking for a regulated broker with competitive trading conditions and reliable customer support. Frequently Asked Questions (FAQs) Q 1: Is HMA regulated？ A 1: Yes. It is regulated by ASIC. Q 2: Does HMA offer demo accounts？ A 2: Yes. Q 3: Does HMA offer industry-standard MT4 & MT5？ A 3: Yes. It supports MT4. Q 4: What is the minimum deposit for HMA？ A 4: There is no minimum initial deposit with HMA. Q 5: Is HMA a good broker for beginners？ A 5: 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.