Hantec Trader prop firm review

Hantec Trader is a new prop trading platform launched by Hantec Markets, in an effort to offer a new package of funding challenges to its existing and prospective clients globally.

The funding challenges offered by the firm range from $2,000 on the lower end, up to $200,000 as the largest funding option. It is also worth noting that the scaling plan available at the firm also stops at $200,000, allowing traders with lower account tiers to eventually reach the $200,000 funding limit through scaling.

The firm was founded in December 2023 and offers trading through its in-house Hantec Trader platform, developed by the Hantec Group.

Is this firm worth your time and what fees, instruments, platforms and additional features does it have to offer? – You can find out this and more in our in-depth review of the Hantec Trader prop firm.

Pros & cons of Hyro Trader prop firm

Pros

• Affordable pricing starts at 39 USD
• Up to 90% profit sharing
• Has an in-house trading platform
• Mobile trading is available
• Offers a 10% retake discount after challenge failure
• Multiple funding and payout methods
• Live chat, email support 24/5

Cons

• Maximum funding up to $200,000
• Profit split starts at 75%
• Lack of meaningful reviews and ratings
• Not rated by the FPA
• Relatively limited instrument variety

Safety of Hantec Trader

The safety of prop trading firms is usually a top priority for most clients and while the industry itself is largely unregulated, certain indicators can point out flaws in the security of a particular firm.

For example, Hantec Trader does not have many reputable reviews and ratings on the internet and the firm was launched in December of 2023, which means the firm has been in operation for little over a year as of this writing.

Furthermore, the ForexPeaceArmy, which is a trusted aggregator of forex broker and prop firm reviews, does not have a page dedicated to the firm.

This raises some doubts about the safety of client accounts and the legitimacy of the firm to not scam traders out of their funds. Luckily, all challenge fees are fully refunded after the trader successfully passes an evaluation.

Hantec Trader funding and maximum capital allocation

When assessing the funding levels of a prop trading firm, it is important to compare the different funding plans that may be available at the firm. For example, Hantec Trader has 2 evaluation programs on its website – Enhanced and Express.

The Express One-Stage Challenge offers the following account sizes – $5,000, $10,000, $25,000, $50,000, $100,000 and $200,000.

On the other hand, the Enhanced Two-Stage Challenge adds a $2,000 funding tier to the mix, making it the most accessible funding challenge available at Hantec Trader.

In each case, traders can start from a small account and scale up to $200,000, which is the maximum amount of funding allocable to a single account holder.

According to the official website, if a trader purchases and beats the $25,000 account, they will be able to scale up to $50,000 and do the same to unlock a $100,000 account, which can be repeated until the trader reaches the $200,000 threshold.

It is worth noting that many competing prop firms offer a higher maximum funding limit. In fact, many prop firms offer funding up to $1 million or more, as standalone accounts or through scaling plans.

Hantec Trader assets

The official Hantec Trader website is transparent with its list of tradable instruments, as each of them are listed on the official website of the firm.

These include major and minor forex pairs, like the EUR/USD, CHF/JPY, GBP/EUR and more.

Metals primarily focus on gold and silver futures contracts and indices focus on major stock market indices, such as the US500, US100, GER40 and others. Cryptocurrency trading is also available.

It must be noted that the overall selection of instruments does not place Hantec Trader above most of its competitors, as numerous firms offer stock trading to their clients, coupled with the asset classes that are already offered to Hantec Trader clients.

Hantec Trader rules and limitations

The two evaluation programs available at Hantec Trader offer the following trading terms and rules traders need to comply with in order to maintain their accounts and receive payouts from their profits.

Enhanced Challenge rules

The Two-Step Enhanced Challenge imposes the following rules on Hantec Trader clients:

• Two stages to complete the challenge
• 0 minimum trading days
• 10% profit target on Stage 1 and 5% profit target on Stage 2
• 5% maximum daily loss limit
• 10% maximum total loss limit
• All challenge fees are refundable
• Profit split up to 90%

Express Challenge rules

The One-Step Express Challenge imposes the following rules:

• One stage to complete the challenge
• 0 minimum trading days
• 10% profit target
• 5% maximum daily loss limit
• 6% maximum total loss limit
• All challenge fees are refundable
• Profit slit up to 90%

In conjunction with these standard trading terms, Hantec Trader also enforces Soft and Hard Breach rules, which constitute the following:

• Soft Breach – Constitutes a violation that does not cause the trader to lose access to their account
• Hard Breach – Constitutes a violation that causes the trader to lose access to their account and includes the violation of the profit target and maximum loss limits

Overall, the rules and trading terms offered by Hantec Trader are comparable to many other firms operating on the market today, with one-step and two-step evaluation challenges both being on offer.

Hantec Trader fees

The fees charged on Hantec Trader challenges are largely competitive, with the minimum entry fee starting at $39. The full fee structure of the firm can be summarized as follows:

Enhanced Challenge accounts:

• $49 for the $5,000 funding challenge
• $89 for the $10,000 funding challenge
• $179 for the $25,000 funding challenge
• $299 for the $50,000 funding challenge
• $499 for the $100,000 funding challenge
• $969 for the $200,000 funding challenge

As for the Express Challenge accounts, the following fees apply:

• $39 for the $2,000 funding challenge
• $59 for the $5,000 funding challenge
• $99 for the $10,000 funding challenge
• $199 for the $25,000 funding challenge
• $319 for the $50,000 funding challenge
• $529 for the $100,000 funding challenge
• $999 for the $200,000 funding challenge

Overall, the fees charged on funding challenges offered by Hantec Trader are competitive and provide traders with cost-effective options for a long-term prop trading partnership.

Hantec Trader platforms

The Hantec Trader platform comes equipped with technical indicators, such as the RSI, moving averages, the MACD, Bollinger Bands, and others.

While the MetaTrader platforms are unavailable and this may be an issue for experienced forex traders, Hantec Trader does not skim over the necessary features for a functional trading experience.

The platform also includes additional features, such as an economic calendar, market news feed and customizable charts to help traders better analyze market data.

Hantec Trader profit-sharing

The standard profit-sharing agreement at both the Enhanced and Express challenge levels is 75%, which can be scaled up to 90% after purchasing a challenge add-on.

The 90% profit share is a standard feature of many prop trading firms, which means that Hantec Trader is largely in line with the competition in this regard.

Education and trading tools at Hantec Trader

An aspect of prop trading where Hantec Trader falls short is education, as the firm does not provide any value to complete beginners to learn as they trade, as the official Hantec Trader website does not have any educational content. This is a major downside for the firm, as this makes Hantec Trader a relatively inaccessible prop firm for beginner traders.

Customer Support at Hantec Trader

The Hantec Trader customer support suite is relatively comprehensive and responsive, being available for inquiries on a 24/5 basis.

Furthermore, the firm also has a dedicated support email, as well as a live chat. A hotline function is not available, while clients can send their inquiries from the official Hantec Trader website as well.

Overall, Hantec Trader’s customer support is decently equipped to handle customer inquiries, with the absence of a hotline being the only notable complaint.

FAQ on Hantec Trader prop firm