HMA Forex Broker

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.

　　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:

　　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:

　　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:

　　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 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:

　　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.

　　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)