Hantec Markets
Varengold Bank
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Overview
Hantec Markets was founded in 1990 and is headquartered in UK, Hong Kong, while Varengold Bank was established in 2008 and is based in Germany. Hantec Markets holds licences including Financial Conduct Authority (FCA), while Varengold Bank is regulated by Unregulated among others. Hantec Markets serves 10,000+ clients worldwide; Varengold Bank has 10,000+. The minimum deposit is $1000 at Hantec Markets and $250 at Varengold Bank.
| Feature | Hantec Markets | Varengold Bank |
|---|---|---|
| Min. Deposit | $1000 | $250 |
| Regulation | Financial Conduct Authority (FCA) | Unregulated |
| Founded | 1990 | 2008 |
| Country | UK, Hong Kong | Germany |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Hantec Markets and Varengold Bank, directly affecting your bottom line as a trader. Hantec Markets has a lower barrier to entry with a minimum deposit of $1000 (vs $250 at Varengold Bank). Varengold Bank charges withdrawal fees while Hantec Markets does not, giving Hantec Markets an edge for frequent withdrawers. Overall, Hantec Markets scores higher on fees in our assessment.
| Feature | Hantec Markets | Varengold Bank |
|---|---|---|
| Min. Deposit | $1000 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
Hantec Markets offers MT4, MT5, cTrader, while Varengold Bank supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Varengold Bank supports social and copy trading features, which Hantec Markets does not offer. The two brokers are closely matched on platform offering.
| Feature | Hantec Markets | Varengold Bank |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mac, Web Trader, Currenex, Tablet & Mobile apps | Desktop,Android,iPhone,Mac |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Hantec Markets and Varengold Bank compare. Varengold Bank runs regular live webinars; Hantec Markets does not. Varengold Bank has a video library; Hantec Markets does not. Varengold Bank publishes daily market commentary; Hantec Markets does not. Varengold Bank integrates third-party research tools (Trading Central); Hantec Markets does not. Varengold Bank maintains an archive of past webinars for on-demand viewing. Varengold Bank scores higher overall in education and research.
| Feature | Hantec Markets | Varengold Bank |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Hantec Markets accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Varengold Bank supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Hantec Markets | Varengold Bank |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Hantec Markets and Varengold Bank offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Hantec Markets | Varengold Bank |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |