Two brokers compete on regulation, pricing and platform options, creating a tension between safety and cost. This matchup highlights how each firm balances trust, spreads, and instrument variety.
Find out which broker best suits your trader profile.
Choose if…
Choose Hantec Markets if you want strong regulation with FCA/JFSA oversight and investor compensation protection. You also access a broad 300-instrument universe and a no-proprietary-platform setup.
Choose if…
Choose TPFx if you are Indonesian resident and want local regulatory access with BAPPEBTI and OJK. You also get a proprietary platform and a smaller instrument universe of about 50 assets.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
| Editorial score | 4.1/ 5 | 3.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.4 / 5▲ | 3.7 / 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 | TPFx |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Fail |
| 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 | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Fail |
The scores are close: Hantec Markets rates 4.1/5 and TPFx rates 3.7/5. 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 TPFx's 1.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Hantec Markets has no minimum deposit, while TPFx requires at least $60. This makes Hantec Markets more accessible for traders with limited starting capital.
Hantec Markets holds top-tier regulation (JFSA, FCA, FSA Seychelles), providing stronger investor protections. TPFx may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
Hantec Markets stands out for beginners: it has a lower entry point and provides negative balance protection, which caps losses at your deposited amount. Also compare demo account availability and educational resources before deciding.
Hantec Markets lists maximum leverage of 500:1, while TPFx lists up to 100:1. 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 TPFx are not currently available. Check their website for up-to-date pricing.
Hantec Markets supports MetaTrader 5, MetaTrader 4, while TPFx supports MetaTrader 5, Proprietary Web/Mobile. Both provide MetaTrader 5. Hantec Markets has exclusive access to MetaTrader 4. TPFx has exclusive access to Proprietary Web/Mobile.
Hantec Markets offers tighter spreads from 0.00 pips vs 1.50 pips for TPFx, reducing trading costs.
Hantec Markets wins for safety and regulation with FCA/JFSA oversight and investor protection.
Hantec Markets wins for active traders with 300 instruments and raw spreads.
Hantec Markets is better suited for scalpers: tighter spreads from 0.00 pips.
Best for platform choice: TPFx because it offers a proprietary platform in addition to MT5.
Hantec Markets wins for beginners due to strong regulation and investor protection.
Hantec Markets wins for instrument variety with 300 assets.
Fees & Spreads 30% weight | 4.4 / 5▲ | 3.7 / 5 |
|---|
Platforms & Tools 20% weight | 3.9 / 5▲ | 3.7 / 5 |
|---|
Customer Support 10% weight | 4.0 / 5▲ | 3.7 / 5 |
|---|
| Founded | 2009 | 2010 |
|---|
| Headquarters | London, United Kingdom | Jakarta, Indonesia |
|---|
| Min Deposit | No minimum▼ lower | $60 |
|---|
| Spreads From | 0 pips▼ lower | 1.5 pips |
|---|
| Commission / lot | $6/lot | N/A |
|---|
| 0.6 pips | N/A |
| Max Leverage | 500:1▲ higher | 100:1 |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit card | Bank transferCredit cardDebit card |
|---|
| Withdrawal methods | Bank transferCredit card | Bank transfer |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | JFSA FCA FSA Seychelles | OJK BAPPEBTI |
|---|
| Platforms | MetaTrader 5 MetaTrader 4 | MetaTrader 5 Proprietary Web/Mobile |
|---|
| 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
BAPPEBTI-licensed and OJK-registered, full Indonesian regulatory compliance
OJK registration no. S-130/PM.02/2025 is publicly verifiable
Supports MetaTrader 5 alongside proprietary platform
Local Indonesian bank transfer funding with IDR accounts
Client funds held in segregated accounts
Raw spread account available
No deposit fees
No inactivity fee
Mobile trading app available
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
Only available to Indonesian residents, no international clients
Higher minimum deposit than some domestic peers
Narrow product range limited to forex and commodity futures
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
Limited charting capabilities
Support available in limited languages
Hantec Markets edges TPFx on the editorial score, supported by stronger regulation and a larger instrument universe.
Dig deeper into each broker’s features, fees, and regulation.
Score 3.7 / 5
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