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Do you want to know which is the better broker between GMI Edge and Hantec Markets ?
In the table below, you can compare the features of GMI Edge , Hantec Markets side by side to determine the best fit for your needs.
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EURUSD:1
EURUSD:3.2
EURUSD:18.4
XAUUSD:30.68
EURUSD: -5.22 ~ 2.03
XAUUSD: -15.65 ~ 9.82
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of gmi-edge, hantec-markets lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Feature | Information |
Registered Country/Region | Vanuatu |
Found | 2018 |
Regulation | Suspicious clone |
Market Instrument | Gold, oil, Silver, forex and indices |
Account Type | Cent, Standard, Standard Bonus and ECN |
Demo Account | yes |
Maximum Leverage | 1:2000 |
Spread (EUR/USD) | Above 2 pips |
Commission | Vary on the account type |
Trading Platform | MT4 for Windows, MacOS, Android and Web |
Minimum Deposit | $15 |
Deposit & Withdrawal Method | Local Banks Transfer, Neteller and Skrill |
Founded in 2018, GMI Edge is an offshore trading broker that provides online trading via MetaTrader4 (MT4) on a variety of different asset classes including forex, indices, precious metals, energies and CFDs.
Traders can access leverage ratios ranging from 1:500 to 1:2000, depending on the account type. However, explicit information about spreads is not readily available on the GMI Edge website. The broker offers the popular MetaTrader 4 (MT4) trading platform, which allows traders to customize their strategies. Deposits and withdrawals can be made through various methods, including local bank transfers, Neteller, and Skrill.
Here is the home page of this brokers official site:
Pros | Cons |
Wide range of market instruments | Lack of proper regulatory oversight |
Different types of trading accounts | Suspicious and questionable regulatory license |
Variety of leverage options | Lack of information of spreads |
Availability of MetaTrader 4 (MT4) platform | Li |
Additional Multi-Account Manager (MAM) platform | |
Mobile app for account management |
GMI Edge is not regulated by a recognized financial regulatory authority. The claimed regulation by the Vanuatu Financial Services Commission (VFSC) with license number 14647 is suspected to be a clone and is not considered valid.
GMI Edge offers a selection of market instruments for trading, including:
1. Gold, Oil, Silver: Traders have the opportunity to trade in commodities such as Gold, Oil, and Silver. These instruments are available for trading 23 hours a day, and GMI Edge aims to provide competitive costs in this regard.
2. Forex: GMI Edge enables traders to participate in the foreign exchange market. Major currency pairs such as the US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Australian Dollar, and Canadian Dollar are available for trading. GMI Edge offers high leverage and the option of Swap Free accounts.
3. Indices: GMI Edge allows traders to access global financial markets through Contracts for Difference (CFDs) on various indices. Some of the indices available for trading include Dow Jones, NASDAQ, S&P, FTSE, DAX, CAC, NIKKEI, Hang Seng, and China A50.
Pros | Cons |
Wide selection of commodities, including Gold, Oil, and Silver | Lack of transparency regarding trading costs |
Availability of major currency pairs for forex trading | Limited information about spreads |
Access to global financial markets through various indices | |
Opportunity to trade 23 hours a day |
GMI Edge offers four different types of trading accounts: ECN, Cent, Standard, and Standard Bonus.
ECN ACCOUNT
The ECN account requires a minimum deposit of $100 and offers leverage up to 1:500. It has a commission fee of $4 per lot and allows for a maximum order size of 500 lots on MT4 and 1,000 lots on GMI Edge. The ECN account does not offer a swap-free option.
CENT ACCOUNT
The Cent account has a minimum deposit requirement of $15 and provides leverage up to 1:1000. It does not charge any commission and allows a maximum order size of 200 lots on MT4. The Cent account also offers a swap-free option.
STANDARD ACCOUNT
The Standard account requires a minimum deposit of $25 and offers leverage up to 1:2000. It does not charge any commission and allows a maximum order size of 500 lots on MT4 and 1,000 lots on GMI Edge. The Standard account does not provide a swap-free option.
STANDARD BONUS ACCOUNT
The Standard Bonus account also requires a minimum deposit of $25 and provides leverage up to 1:2000. It does not charge any commission and allows a maximum order size of 500 lots on MT4. The Standard Bonus account does not offer a swap-free option.
The specified leverage for different account types at GMI Edge varies between 1:500 and 1:2000. Clients on the Cent account can experience leverage of 1:1000, the Standard and Standard Bonus accounts can enjoy the maximum leverage of 1:2000, while the ECN accounts have a leverage ratio of 1:500.
Unlike most decent brokers who present their pricing and trading conditions, GMI Edge has not disclosed its spreads on the website.
As for the commission, there is no commission on the Cent, Standard and Standard Bonus accounts, while 4 per lot on the ECN account.
GMI Edge provides its traders with the popular MetaTrader 4 (MT4) trading platform. This widely recognized platform is available for all types of GMI Edge accounts. Traders can take advantage of the features and functionality offered by MT4 to enhance their trading experience.
MT4
With MT4, traders have the option to create their own algorithms or utilize expert advisors (EAs) to automate their trades. This allows for customized trading strategies and the ability to follow other traders. Traders can seamlessly connect to the trading platform through the GMI Edge app, ensuring a smooth trading experience across different devices. The GMI Edge app also provides a convenient way to fund trading accounts that use MT4.
Multi-Account Manager (MAM) platform.
In addition to MT4, GMI Edge also offers the Multi-Account Manager (MAM) platform. This platform is designed for money managers who wish to trade multiple accounts with ease. With MAM, money managers can execute trades across multiple accounts with just one click. The platform also allows for automated performance fees billing and offers trade allocation options based on lot size, equity, or balance.
GMI Edge mobile app
To further enhance accessibility and convenience, GMI Edge has developed the GMI Edge mobile app. This app allows traders to access their trading accounts anytime and anywhere. Traders can trade various instruments including forex, gold, silver, and indices, among others, using the app. The GMI Edge app also offers easy ways to deposit, withdraw, and transfer funds, providing traders with comprehensive account management capabilities in one place.
GMI Edge provides various options for depositing and withdrawing funds from your trading account. These options include Local Banks Transfer, Neteller, and Skrill. The minimum initial deposit requirement is $10 for Neteller and Skrill, while it is $15 for Local Banks Transfer.
The deposit processing time is typically instant, allowing you to quickly start trading after funding your account.
For withdrawals, the minimum withdrawal amount is 50 MYR for bank transfers, and the processing time is between 8am to 6pm daily. There is a 4% fee for withdrawals via Neteller and Skrill, with a minimum withdrawal amount of $10. Withdrawals made through these methods are also processed instantly.
GMI Edge provides customer support through various channels. Traders can reach out to their customer support team via email at cs.global@gmimarkets.com. Additionally, a live chat option is available for immediate assistance. For those who prefer to send a direct message, an online contact form is provided.
In conclusion, GMI Edge is an unregulated broker with a suspicious regulatory license and is not considered a legitimate trading option. Trading with an unregulated broker carries significant risks, as they may lack investor protection and oversight. Although GMI Edge offers a variety of market instruments and different types of trading accounts with varying leverage options. Additionally, the absence of a recognized financial regulatory authority and limited customer support contact information further bring risks.
Q 1: | Is GMI Edge regulated? |
A 1: | No. GMI Edge holds a suspicious clone Vanuatu Financial Services Commission (VFSC) license. |
Q 2: | At GMI Edge, are there any regional restrictions for traders? |
A 2: | Yes. GMI Edge does not accept clients from the United Kingdom and the United States among other countries. |
Q 3: | Does GMI Edge offer demo accounts? |
A 3: | Yes. |
Q 4: | Does GMI Edge offer the industry-standard MT4 & MT5? |
A 4: | Yes. GMI Edge supports MT4. |
Founded in | 2008 |
Registered in | United Kingdom |
Regulated by | ASIC, FCA, CGSE/VFSC/FSA (Suspicious clone) |
Trading Instruments | CFDs on forex, commodities, indices, bullion |
Demo Account | ✅ |
Minimum Deposit | $10 |
Leverage | Up to 1:1000 |
Spread | 0.1 pips onwards |
Trading platform | MT4/5 |
Payment Method | Credit/debit card, China UnionPay, Skrill, Neteller |
Customer Service | Live chat, contact form; email: info-mu@hmarkets.com |
Social media: Facebook, LinkedIn, YouTube, Instagram | |
Regional Restriction | The USA, Iran, Myanmar, North Korea and the United Arab Emirates |
Hantec Markets, one of the subsidiaries of the Hantac group, was established in 2008 in Australia as a new brand. Its business scope focuses on CFDs trading on forex, commodities, indices and bullion.
Demo account is available for practicing and trades can be executed on the world renowned MetaTrader4 and 5 platforms.
One exciting news is that the broker is decently regulated by ASIC (Australia Securities & Investment Commission) and FCA (Financial Conduct Authority), proving a certain level of liability and legality. What's more, the broker implements fund segregation and negative balance to protect customer funds.
However, the company charges several fees such as commissions, overnight fees, conversion fees, etc., adding trading costs.
Pros | Cons |
ASIC and FCA regulated | Suspcious clone FSA/CGSE/VFSC licenses |
MT4/5 platforms | Does not accept clients from several countries |
Affordable minimum deposit | |
Demo accounts | |
Tight starting spreads | |
No deposit/withdrawal fees |
Yes, Hantec Markets is a legitimate and regulated forex broker that operates under the oversight of reputable financial regulatory bodies. It is officially regulated by ASIC (Australia Securities & Investment Commission) and FCA (Financial Conduct Authority), with licenses numbering at 326907 and 502635 respectively.
Though its CGSE and VFSC licenses are suspected to be fake clones, but after investigation, the regulated entities are subsidiaries of the Hantec Group who has 19 offices around the globe, which means Hantec Markets does not necessarily duplicate these licenses.
Nonetheless, during the research, we found that the company holds a suspected clone license with number “関東財務局長(金商)第102号” from FSA (Financial Services Agency) as well. But the company name is “Gaitame Finest Company Limited”, not relating to Hantect Group at all. You should be vigilant about this alarming red flag since the company might deceiving clients in another company's name in some business areas.
Regulated Country | Regulator | Regulatory Status | Regulated Entity | License Type | License No. |
ASIC | Regulated | Hantec Markets (Australia) Pty Limited | Market Making (MM) | 326907 | |
FCA | Regulated | Hantec Markets Limited | Market Making (MM) | 502635 | |
CGSE | Suspicious Clone | 亨達金銀投資有限公司 | Type AA License | 163 | |
VFSC | Suspicious Clone | Hantec Markets (V) Company Limited | Retail Forex License | 40318 | |
FSA | Suspicious Clone | Gaitame Finest Company Limited | Retail Forex License | 関東財務局長(金商)第102号 |
Currency pairs, indices, commodities, metals, energies, stocks... Hantec Markets gives its clients access to a massive trading market. So, both beginners and sophisticated traders could find what they want to trade on Hantec Markets.
Tradable Instruments | Supported |
Forex | ✔ |
Commodities | ✔ |
Indices | ✔ |
Cryptocurrencies | ❌ |
Stocks | ✔ |
Bonds | ❌ |
Demo account: Hantec Markets offers a demo account for you to test a little on the financial market without the risk of losing money.
Real account: there are 2 types of real accounts in total: Cent account and Standard account.
The Cent account is said to target beginners who want to trade with less risks. The initial deposit requirement is affordable at $10, with spread starting from 1.2 pips. However, additional functions such as copy trading and demo account are not available with this account. You cannot practice before you start real trading or imitate trading strategies from successful traders.
While Standard account, with access to a full suite of Hantec features, also requires the same initial deposit of $10. Spread is tighter from 0.1 pips and copy trading/demo account is available.
In addition, there is a Swap Free Accounts that allows trading the following products without swap charges: EURUSD, GBPUSD, USDJPY, USDCHF, EURCAD, GBPCAD, EURGBP, CHFJPY, EURCHF, EURJPY, NZDUSD, AUDUSD, AUDNZD, USDCAD, GBPJPY, CADJPY, CADCHF, GBPCHF, XAGUSD, XAUUSD. However, if you hold a position for longer than one week in this account, a holding fee of 10 USD (or equivalent) per lot on FX and 30 USD (or equivalent) per lot on XAUUSD and XAGUSD per day will be charged.
Account Type | Initial Deposit | Leverage | Spread | Asset Classes | Trading Central | Copy Trading | Demo Account |
Cent | $10 | Up to 1:1000 | From 1.2 pips | 5 | ✔ | ❌ | ❌ |
Standard | $10 | Up to 1:500 | From 0.1 pips | 7 | ✔ | ✔ |
Hantec Markets offers a maximum leverage of up to 1:1000, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.
Hantec Markets offers Forex trading with spreads starting from specified values for various currency pairs. There are no commissions charged for Forex trades. The spread type is floating, and the minimum order size is 0.01 lot. The trading conditions also include a stop-out level set at 40% of the used margin. Overall, Hantec Markets provides competitive spreads and transparent commission-free trading for Forex.
Trade major pairs like EUR/USD, GBP/USD, and USD/JPY:
EUR/USD spread: 0.00014898 pips
GBP/USD spread: 0.000213589 pips
USD/JPY spread: 0.022286942 pips
Hantec Markets offers precious metals trading with competitive spreads and floating spread types. Traders can trade gold (XAU) with a minimum margin requirement of 5% and silver (XAG) with a minimum margin requirement of 10%. The minimum order size for gold is 0.1 lot (10 ounces) and for silver is 0.1 lot (500 ounces). There are no commissions charged for trading these metals, and the trading hours are available according to the server time.
Hantec Markets offers CFD trading on a variety of symbols, including stocks. The spreads for stock CFDs start from specified values for each symbol. Additionally, there are no specific details provided regarding commissions for stock CFD trading.
Hantec Markets offers indices trading on various major indices in Europe, Asia, Australia, and the US. The spreads for indices trading start from specified values for each symbol. Additionally, there are no specific details provided regarding commissions for indices trading.
In terms of Commodity Trading conditions at Hantec Markets, both US Oil and UK Oil have a spread of 0.05. There are no specific details provided regarding commissions for commodity trading.
Hantec Markets offers cryptocurrency trading with competitive spreads on a range of popular cryptocurrencies.
Currency Conversion Fee:
A conversion fee may be applicable to trades based on the currency settings of your trading account, funding currency, and the settlement currency of the market being traded.
The conversion fee is set at 0.6% and is added to the settlement exchange rate, which is determined by the market rate at the time of settlement. To account for the conversion fee, the underlying exchange rate is multiplied by 1.006 during the conversion process.
For instance, if the GBP/USD exchange rate is 1.1, the applicable FX conversion rate would be 1.1 x 1.006 = 1.1066.
By default, CFD accounts are set to 'instant' conversion. This means that any realized profit, loss, funding, dividend adjustments, or commission will be automatically converted to your account's base currency.
Let's consider an example:
Suppose you have purchased £20 per point worth of FTSE (UK100), and the base currency of your trading account is USD. Since you are trading in GBP, which is different from your account's base currency, the related transactions need to be converted to USD.
Assuming the exchange rate is 0.7576 ($1 equals £0.7576), after incorporating the conversion fee of 0.6%, the conversion rate becomes 0.7576 x 1.006 = 0.7621.
If FTSE increases by 30 points, your profit would amount to £600. This profit will be reflected as £600/0.7621 = $787.30 in your account. To calculate the admin fee charged, multiply your profit by 0.6%:
$787.30 profit x 0.6% = £4.72 currency conversion fee (already included – not charged separately)
Overnight Funding (Swap charges):
Also known as the 'Swap' charge, this is the cost of holding a position overnight. The amount will be dependent on the size of your trade, whether you have a long or short position and the instrument you are trading. Swap rates are determined by the underlying interest rates of the products or currency pairs you have open positions in.
Hantec Markets offers two trading platforms for trades execution: the popular MetaTrader4 and MetaTrader5.
Both platforms are widely recognized globally for its robust functions, built-in charting tools and techinical indicatiors and customized interface. Traders can configure settings of the platform according to their own preferences.
You can acess these two platforms via web on any devices, or download apps from Windows, iOS, Mac and Android devices.
Hantec Markets provides multiple payment methods:
Credit/Debit Card: Accepts USD, EUR, GBP, and NGN with a minimum deposit of $25 by Visa, Maestro, UK Debit Cards; no processing fees apply, and payment details must match the account name.
Skrill: Allows deposits in USD, EUR, GBP, and NGN with a minimum of $100; no processing fees, and account details must match.
NETELLER: Supports USD, EUR, GBP, CHF, NGN, and AUD with a minimum deposit of $100; no processing fees, and account details must match.
China UnionPay: Supports all Mainland Chinese cards; no minimum deposit specified and no processing fees.
Withdrawals are made via the original funding method, processed within 2-5 working days, and must match the account holders name.
Payment Method | Currencies Available | Minimum Deposit | Fees | Notes |
Credit/Debit Card | USD, EUR, GBP, NGN | $25 or equivalent | / | Must match account name; rounded amounts only. |
Skrill | USD, EUR, GBP, NGN | $100 | ❌ | |
NETELLER | USD, EUR, GBP, CHF, NGN, AUD | $100 | ❌ | |
China UnionPay | CNY (supports all Mainland Chinese issued cards) | 0 | ❌ |
Hantec Markets prides itself on providing excellent customer service to its clients. Each client is assigned a dedicated relationship manager who serves as their primary point of contact for any queries or issues. The relationship manager can be reached conveniently through the live chat tool available on the website.
The customer support team is also available 24/5 and can be contacted by leaving a message in the “contact us” section of the website.
Alternatively, you can reach out to them through the live chat feature, which is located at the lower right corner of the broker's website. Additionally, you have the option to contact customer support via telephone using the following numbers:
China – 4000280332
Nigeria – 7080601265
Jordan – 18442000155
Thailand – 1800019263
Taiwan – 886801491458
Pakistan – 080090044349
Main Office (UK) – +41225510215
Please note that international numbers may incur toll fees.
Office Locations:
Hantec Markets' main headquarters is situated at 5-6 Newbury St, Barbican, London EC1A 7HU in the United Kingdom. For the addresses of their Dubai, India, or other offices, please refer to the Hantec Markets website.
Hantec Markets offers a wide range of educational resources on its website to support traders in their learning journey. These resources include market reports, analysis videos, YouTube webinars featuring Nigerian and African traders, as well as podcasts. Moreover, there is a dedicated learning hub that provides valuable content across four experience tiers, along with lessons on strategy creation and risk management.
Overall, Hantec Markets is a well-established forex broker with competitive spreads, transparent commission-free trading, and access to popular trading platforms like MT4 and MT5. Traders can benefit from various trading platforms and a diverse selection of tradable assets. However, some aspects, such as limited information about certain commissions and the availability of Hantec Social platform, could be improved. Traders should carefully assess their trading requirements and preferences, as well as consider the associated risks and costs, before choosing Garnet Trade as their trading platform.
Is Hantec Markets a legitimate broker?
Yes, Hantec Markets is a legitimate and regulated forex broker. They are authorized and supervised by ASIC and FCA.
What account types do Hantec Markets offer?
Hantec Markets offers demo accounts, Cent accounts, and Standard accounts. The minimum deposit to open an account is just $10.
What trading platforms are available on Hantec Markets?
MT4 and MT5.
What is the maximum leverage offered by Hantec Markets?
Hantec Markets offers maximum leverage of 1:1000 for international clients using the Cent Account and 1:500 for international clients using the Standard Account. However, for European clients, leverage is limited by ESMA regulations to 1:30 for major FX pairs, 1:20 for minors and exotics, gold, and stock indices, and 1:10 for oil and silver.
What deposit and withdrawal methods are supported by Hantec Markets?
Hantec Markets supports Bank Wire, VISA, MasterCard, Neteller, Skrill, and UnionPay.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive gmi-edge and hantec-markets are, we first considered common fees for standard accounts. On gmi-edge, the average spread for the EUR/USD currency pair is -- pips, while on hantec-markets the spread is --.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
gmi-edge is regulated by VFSC. hantec-markets is regulated by ASIC,FCA,FSA,CGSE,VFSC.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
gmi-edge provides trading platform including Standard (Bonus),ECN,Cent,Standard and trading variety including --. hantec-markets provides trading platform including -- and trading variety including --.