Two brokers, Hantec Markets and TMGM, face off on regulation, fees, and platforms. The tension centers on instrument variety and market reach.
Find out which broker best suits your trader profile.
Choose if…
Choose Hantec Markets if you seek FCA and JFSA dual regulation and raw ECN pricing with $6 per lot.
Choose if…
Choose TMGM if you value ASIC regulation and broad access to 12,000 instruments including DMA equities via IRESS.
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 | TMGM |
|---|---|---|
| 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 | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
The scores are close: Hantec Markets rates 4.1/5 and TMGM 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.
Both Hantec Markets and TMGM start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
Hantec Markets has no minimum deposit, while TMGM requires at least $100. This makes Hantec Markets more accessible for traders with limited starting capital.
Both Hantec Markets and TMGM 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 TMGM lists up to 500:1. 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, lower than TMGM's $7 per lot. Lower commissions benefit active traders who execute many trades per day.
Hantec Markets supports MetaTrader 5, MetaTrader 4, while TMGM supports IRESS, MetaTrader 5, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4. TMGM has exclusive access to IRESS.
Both brokers offer spreads from 0.00 pips.
TMGM leads for active traders due to 12,000 instruments and advanced charting options.
Hantec Markets is better suited for scalpers: lower commission ($6/lot).
Hantec Markets offers a no-minimum deposit on Professional ECN accounts.
Fees & Spreads 30% weight | 4.4 / 5▲ | 4.3 / 5 |
|---|
Platforms & Tools 20% weight | 3.9 / 5 | 4.2 / 5▲ |
|---|
Customer Support 10% weight | 4.0 / 5 | 4.1 / 5▲ |
|---|
| Founded | 2009 | 2013 |
|---|
| Headquarters | London, United Kingdom | Melbourne, Australia |
|---|
| Min Deposit | No minimum▼ lower | $100 |
|---|
| Spreads From | 0 pips | 0 pips |
|---|
| Commission / lot | $6/lot▼ lower | $7/lot |
|---|
| 0.6 pips▼ lower | 0.7 pips |
| Max Leverage | 500:1 | 500:1 |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit card | Bank transferCredit cardDebit cardCrypto |
|---|
| Withdrawal methods | Bank transferCredit card | Bank transferCredit cardCrypto |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | JFSA FCA FSA Seychelles | ASIC VFSC |
|---|
| Platforms | MetaTrader 5 MetaTrader 4 | IRESS MetaTrader 5 MetaTrader 4 |
|---|
| 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
10,000+ instruments including real equities via IRESS DMA
ASIC regulated, Tier 1 Australian investor protections
ECN Edge account: raw spreads from 0.0 pips at $7 commission
Strong multilingual support for Asian clients
Client funds held in segregated accounts
Negative balance protection
No deposit fees
No inactivity fee
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
Phone support available
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
$100 minimum deposit on standard accounts
Less brand recognition than IC Markets or Pepperstone in Australia
IRESS DMA platform requires separate setup
No investor compensation scheme
No proprietary platform
TMGM and Hantec Markets are closely matched, but TMGM offers a far larger instrument universe (12,000 vs 300).
Dig deeper into each broker’s features, fees, and regulation.
Score 4 / 5
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