Quick verdict
- Choose Hantec Markets for low-cost forex trading on MT4 with a raw-spread account.
- Choose IG for spread betting, a huge market range and a polished proprietary platform.
Side-by-side
| Hantec Markets | IG | |
|---|---|---|
| Our score | 4.9 / 5 | 4.8 / 5 |
| UK regulation | FCA, FRN 502635 | FCA, FRN 195355 (CFDs) / 114059 (spread betting) |
| Founded | Hantec Group, 1990 | 1974 |
| EUR/USD | From 0.1 pips + commission (Pro ECN); ~0.9 Standard | From 0.6, no commission |
| Minimum deposit | $100 | £0 bank transfer; £250 card/PayPal |
| Platforms (UK) | MT4 | IG platform, MT4, ProRealTime, L2 Dealer |
| Spread betting | Check with broker | Yes |
| Retail loss rate | XX% | 70% |
Costs
On one standard lot of EUR/USD, a 0.6-pip IG spread costs about $6. Hantec's Pro ECN spread from 0.1 pips costs about $1 plus commission. If the commission is a few dollars per lot, Hantec comes out cheaper for frequent traders. Occasional traders who prefer a single all-in spread may find IG or Hantec's Standard account simpler.
Platforms
Both offer MetaTrader 4. IG adds its own web platform, ProRealTime and L2 Dealer, which suit chart-led and share traders. Hantec keeps things focused on MT4 for UK clients — ideal if your indicators and Expert Advisors already run there.
Safety
Both hold FCA authorisation for their UK entities, segregate client money and provide negative balance protection. IG's parent is listed on the London Stock Exchange; Hantec Markets belongs to Hantec Group, a financial group active since 1990 with entities regulated in several jurisdictions.
Who should choose which?
- Forex-focused MT4 trader: Hantec Markets
- Spread bettor or multi-asset trader: IG
- Beginner: either — Hantec's Standard account or IG's platform both keep things simple
Frequently asked questions
Which is cheaper, Hantec Markets or IG?
For active forex traders, Hantec's Pro ECN account (from 0.1 pips plus commission) is usually cheaper per lot than IG's commission-free spreads from 0.6. Occasional traders may see little difference.
Which is better for spread betting?
IG. It's one of the UK's longest-standing spread betting providers with a very wide market range.
CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading these products. You should consider whether you understand how they work and whether you can afford to take the high risk of losing your money.