This comparison pits a regulation-strong, ECN-friendly broker against a social trading-focused provider. The tension centers on fee structures and platform ecosystems.
Find out which broker best suits your trader profile.
Choose if…
Choose Hantec Markets if you want raw ECN spreads from 0.0 pips with $6 per lot and dual FCA/JFSA regulation.
Choose if…
Choose NAGA if you prefer social trading with ranked auto-copy and MT5 access under BaFin and CySEC oversight.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
| Editorial score | 4.1/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.4 / 5▲ | 4.3 / 5 |
Pros
FCA (502635) and JFSA dual regulation - rare combination at retail level
No minimum deposit on Professional ECN account
Raw ECN spreads from 0.0 pips at $6 round-turn commission
FSCS protection up to GBP 85,000 for UK clients
Strong Japanese-language service infrastructure for East Asian traders
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | Hantec Markets | NAGA |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Fail |
| Multilingual support | Pass | Pass |
The scores are close: Hantec Markets rates 4.1/5 and NAGA rates 4/5. Hantec Markets has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Hantec Markets starts from 0 pips, tighter than NAGA's 0.7 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Hantec Markets has no minimum deposit, while NAGA requires at least $50. This makes Hantec Markets more accessible for traders with limited starting capital.
Both Hantec Markets and NAGA hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: Hantec Markets has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
Hantec Markets lists maximum leverage of 500:1, while NAGA lists up to 400:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Hantec Markets charges $6 per lot on commission-based accounts. Commission details for NAGA are not currently available. Check their website for up-to-date pricing.
Hantec Markets supports MetaTrader 5, MetaTrader 4, while NAGA supports MetaTrader 5, NAGA Trader. Both provide MetaTrader 5. Hantec Markets has exclusive access to MetaTrader 4. NAGA has exclusive access to NAGA Trader.
Hantec Markets offers tighter spreads from 0.00 pips vs 0.70 pips for NAGA, reducing trading costs.
Equally matched, as both hold multiple regulators and segregated funds.
Hantec Markets wins for active traders due to higher leverage and no inactivity fee.
Hantec Markets is better suited for scalpers: raw/ECN spreads available, tighter spreads from 0.00 pips.
NAGA wins for platform choice with NAGA Trader and MT5 combined.
NAGA wins for beginners thanks to copy trading and social features.
NAGA wins for instrument variety with 950 CFDs versus 300 on Hantec.
Fees & Spreads 30% weight | 4.4 / 5▲ | 3.8 / 5 |
|---|
Platforms & Tools 20% weight | 3.9 / 5 | 4.2 / 5▲ |
|---|
Customer Support 10% weight | 4.0 / 5 | 4.0 / 5 |
|---|
| Founded | 2009 | 2015 |
|---|
| Headquarters | London, United Kingdom | Hamburg, Germany |
|---|
| Min Deposit | No minimum▼ lower | $50 |
|---|
| Spreads From | 0 pips▼ lower | 0.7 pips |
|---|
| Commission / lot | $6/lot | N/A |
|---|
| 0.6 pips | N/A |
| Max Leverage | 500:1▲ higher | 400:1 |
|---|
| Inactivity Fee | None | $10/month (after 90 days) |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit card | Bank transferCredit cardDebit cardSkrillNeteller |
|---|
| Withdrawal methods | Bank transferCredit card | Bank transferCredit cardSkrillNeteller |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | JFSA FCA FSA Seychelles | CySEC FSCA BaFin |
|---|
| Platforms | MetaTrader 5 MetaTrader 4 | MetaTrader 5 NAGA Trader |
|---|
| Active bonuses |
|---|
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
BaFin and CySEC regulated, strong EU regulatory stack
NAGA Trader: purpose-built social trading with ranked auto-copy
950+ CFD instruments across multiple asset classes
MT5 available alongside proprietary platform
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Multilingual customer support
Cons
Limited brand recognition outside Japan and the UK
No cTrader or TradingView integration
Research and educational content minimal
MT4 and MT5 only - no alternative platforms
No proprietary platform
Limited charting capabilities
Cons
Inactivity fee triggers after just 90 days
Spreads not competitive with ECN brokers
Copy trading performance dependent on community quality
No raw spread account option
No phone support
Hantec Markets and NAGA are closely matched overall; the clearest differentiator is raw spreads, with Hantec offering 0.0 pips ECN spreads and $6/lot, while NAGA offers no raw spread option.
Dig deeper into each broker’s features, fees, and regulation.
Score 4 / 5
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