Hantec Markets
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Rules
We have designed the trading rules for our accounts with the aim of encouraging consistent and profitable long-term trading.
Why do we have rules?
To maintain the integrity of our challenges, it’s essential that the rules are adhered to at all times in both the Challenge and the subsequent Hantec Trader accounts. As long as you comply with these rules, you’re free to use any strategy you believe will deliver the best results.
Hard Breach
A Hard Breach means that you violated either the Maximum Daily Loss or Maximum Total Loss rule. In the event you have a Hard Breach, you will fail the Challenge or have your Hantec Trader account closed.
Soft Breach
A Soft Breach is any rule which, if broken, would close the trade(s) that are in breach. However, your Challenge is not stopped. You can continue trying to reach your profit target.
Maximum Trading Period
The Enhanced Challenge has no time limits.
Minimum Trading Days
There are no Minimum Trading Days, you could pass on the first day you get your account!
Maximum Daily Loss
Maximum Daily Loss is 5% for the Enhanced Challenge and is calculated based on the previous day’s end of day (00:00 GMT+3) balance.
Example: If your prior day’s end of day balance was $100,000 you would Hard Breach the Maximum Daily Loss of 5% if your equity the next day fell to below $95,000.
Maximum Total Loss
Your account equity cannot decrease more than 10% of the initial account balance otherwise this is considered a Hard Breach. The Maximum Total Loss value is static and does not change as equity grows.
Profit Target
This is the percentage of the account balance needed in profit to pass this trading objective. For Stage 1, a profit of 10% is required to progress. For Stage 2, a profit of 5% is required. Profit is calculated as the sum of all closed positions from your trading account. Additionally there must not be any remaining open positions.
Expert Advisers (EA) & Robots
We allow the use of EAs when trading your account so long as they do not perform any of our restricted strategies: please review our Terms & Conditions for details of these strategies.
Hold Over Weekends
We have no restrictions on trader’s holding over the weekend.
Traders need to be aware of the risks associated with weekend holding. Markets may experience gaps over the weekend and typically liquidity is thin when markets open for the week causing spreads to be wider than usual. We advise you to manage risk more cautiously during these times.
Retakes
Sometimes mistakes can happen when trading. If you’ve taken a Challenge and failed for any reason, you’re entitled to a 10% discount when purchasing the same Challenge again.
Account leverage
The following leverage will apply for our various asset classes: Currencies 50:1, Bullion 20:1, Indices 15:1, Commodities 15:1, Crypto 1:1
Platforms
You cannot change platforms once a Challenge has started.
Inactivity
If you do not place a trade at least once every 30 days on your account, we will consider this a Hard Breach and your account will be closed.
News Trading
There are no restrictions on trading during news in any of our Challenge or Hantec Trader Accounts.
We advise caution during high impact news releases as there is increased volatility and slippage may occur. Slippage is when your order doesn’t fill at a specific price due to no matching order being available and therefore it is executed at the closest available price.
Stop Losses
Using a stop loss is not mandatory.
We do advise the use of stop losses in order to manage risk. Please note stop losses can experience slippage, this occurs but is not limited to higher lot sizes where there is no matching order at that price point and therefore this will be executed at the closest price available with a matching order.
Hard Breach
A Hard Breach means that you violated either the Maximum Daily Loss or Maximum Total Loss rule. In the event you have a Hard Breach, you will fail the Challenge or have your Hantec Trader account closed.
Soft Breach
A Soft Breach is any rule which, if broken, would close the trade(s) that are in breach. However, your Challenge is not stopped. You can continue trying to reach your profit target.
Maximum Trading Period
The Express Challenge has no time limit.
Minimum Trading Days
There are no minimum trading days, you could pass on the first day you get your account!
Maximum Daily Loss
Maximum Daily Loss is 5% for the Express Challenge and is calculated based on the previous day’s end of day (00:00 GMT+3) balance.
Example: If your prior day’s end of day balance was $100,000 you would Hard Breach the Maximum Daily Loss of 5% if your equity the next day fell to below $95,000.
Maximum Total Loss
The Maximum Total Loss is initially set at 6% of your account’s starting balance and will trail (balance high watermark – 6%) until you achieve 6% in profit. After this, the Maximum Total Loss level will lock in at the starting balance. This allows for more trading flexibility as you have proven yourself as a profitable trader and can now freely compound the account.
Example 1: Your starting balance is $100,000. Your Maximum Total Loss is set at 6% which is $94,000. You profit $3,000 and your balance is now $103,000, your Maximum Total Loss is now $97,000.
Example 2: Your starting balance is $100,000. Your Maximum Total Loss is set at 6% which is $94,000. You lose $2,000 to take your balance to $98,000. Your Maximum Total Loss is still at $94,000. You then go on to profit $5,000 making your new balance $103,000. Your Maximum Total Loss trails and is now $97,000.
Example 3: Your starting balance is $100,000. Your Maximum Total Loss is set at 6% which is $94,000. You profit $8,000 to take your balance to $108,000. Your Maximum Total Loss is now $100,000 and will remain locked at this level.
Hantec Trader Account: Once you request your first payout, the Maximum Total Loss will lock at your account’s starting balance. We therefore suggest you leave a buffer and do not withdraw the full amount in order to continue trading with sufficient drawdown.
Profit Target
This is the percentage of the account balance needed in profit to pass the Express Challenge. You will need to make a profit of 10%. Profit is calculated as the sum of all closed positions from your trading account. Additionally there must not be any remaining open positions.
Stop Losses
Using a stop loss is not mandatory.
We do advise the use of stop losses in order to manage risk. Please note stop losses can experience slippage, this occurs but is not limited to higher lot sizes where there is no matching order at that price point and therefore this will be executed at the closest price available with a matching order.
Expert Advisers (EA) & Robots
We allow the use of EAs when trading your account so long as they do not perform any of our restricted strategies: please review our Terms & Conditions for details of these strategies.
Hold Over Weekends
We have no restrictions on trader’s holding over the weekend.
Traders need to be aware of the risks associated with weekend holding. Markets may experience gaps over the weekend and typically liquidity is thin when markets open for the week causing spreads to be wider than usual. We advise you to manage risk more cautiously during these times.
Retakes
Sometimes mistakes can happen when trading. If you’ve taken a Challenge and failed for any reason, you’re entitled to a 10% discount when purchasing the same Challenge again.
Account Leverage
The following leverage will apply for our various asset classes: Currencies 50:1, Bullion 20:1, Indices 15:1, Commodities 15:1, Crypto 1:1
Platforms
You cannot change platforms once a Challenge has started.
Inactivity
If you do not place a trade at least once every 30 days on your account, we will consider this a Hard Breach and your account will be closed.
News Trading
There are no restrictions on trading during news in any of our Challenge or Hantec Trader Accounts.
We advise caution during high impact news releases as there is increased volatility and slippage may occur. Slippage is when your order doesn’t fill at a specific price due to no matching order being available and therefore it is executed at the closest available price.
Hard breach
A Hard Breach means that you violated either the Maximum Daily Loss or Maximum Total Loss rule. In the event you have a Hard Breach, you will fail the Challenge or have your Hantec Trader account closed.
Soft Breach
A Soft Breach is any rule which, if broken, would close the trade(s) that are in breach. However, you would continue to be able to trade in your Hantec Trader account.
Maximum Daily Loss
Maximum Daily Loss is 5% for the Enhanced Hantec Trader Account and is calculated based on the previous day’s end of day (00:00 GMT+3) balance.
Example: If your prior day’s end of day balance was $100,000 you would Hard Breach the Maximum Daily Loss of 5% if your equity the next day fell to below $95,000
Maximum Total Loss
Your account equity cannot decrease more than 10% of the initial account balance otherwise this is considered a Hard Breach. The Maximum Total Loss value is static and does not change as equity grows.
Expert Advisers (EA) & Robots
We allow the use of EAs when trading your account so long as they do not perform any of our restricted strategies: please review our Terms & Conditions for details of these strategies.
Hold Over Weekends
We have no restrictions on trader’s holding over the weekend.
Traders need to be aware of the risks associated with weekend holding. Markets may experience gaps over the weekend and typically liquidity is thin when markets open for the week causing spreads to be wider than usual. We advise you to manage risk more cautiously during these times.
Account Leverage
The following leverage will apply for our various asset classes: Currencies 50:1, Bullion 20:1, Indices 15:1, Commodities 15:1, Crypto 1:1
Platforms
You cannot change platforms once a Challenge has started. Therefore you also cannot change platforms for your Hantec Trader account.
Inactivity
If you do not place a trade at least once every 30 days on your account, we will consider this a Hard Breach and your account will be closed.
Withdrawals
The initial withdrawal on your Hantec Trader account can be requested at any time, there are no minimum number of days needed to request your initial withdrawal. Additional withdrawals can be requested once every 14 days if you have purchased the Bi-Weekly Payouts add on. Otherwise it is once every 30 days.
We will also process the refund of your Challenge fee with your first withdrawal.
Please note: When you request a withdrawal on your Enhanced Hantec Trader Account your drawdown locks in at your starting balance.
Example 1: You start with $100,000. You achieve profits of $6,000. You request a withdrawal which locks in your Maximum Total Loss of $100,000. You withdraw $3,000. You now have $3,000 buffer before hitting your maximum total loss.
Example 2: You start with $100,000. You achieve profits of $10,000. You request a withdrawal which locks in your Maximum Total Loss of $100,000. You withdraw $4,000. You now have $6,000 buffer before hitting your maximum total loss.
Example 3: You start with $100,000. You achieve profits of $2,000. You request a withdrawal which locks in your Maximum Total Loss at $100,000. If you withdraw the full $2,000 this will cause your new account to breach by only losing $0.01.
The Maximum Total Loss lock is in place to encourage responsible and long term trading and we therefore suggest a sufficient buffer is left in the account following your first withdrawal.
Hard Breach with Profit
If you Hard Breach your Hantec Trader account but you have withdrawable profits, you will still be able to withdraw these as normal. However the account is closed and will not be tradable moving forward.
News Trading
There are no restrictions on trading during news in any of our Challenge or Hantec Trader Accounts. We advise caution during high impact news releases as there is increased volatility and slippage may occur. Slippage is when your order doesn’t fill at a specific price due to no matching order being available and therefore it is executed at the closest available price.
Stop losses
Using a stop loss is not mandatory.
We do advise the use of stop losses in order to manage risk. Please note stop losses can experience slippage, this occurs but is not limited to higher lot sizes where there is no matching order at that price point and therefore this will be executed at the closest price available with a matching order.
Hard Breach
A Hard Breach means that you violated either the Maximum Daily Loss or Maximum Total Loss rule. In the event you have a Hard Breach, you will fail the Challenge or have your Hantec Trader account closed.
Soft Breach
A Soft Breach is any rule which, if broken, would close the trade(s) that are in breach. However, you would continue to be able to trade in your Hantec Trader account.
Maximum Daily Loss
Maximum Daily Loss is 5% for the Express Hantec Trader account and is calculated based on the previous day’s end of day (00:00 GMT+3) balance.
Example: If your prior day’s end of day balance was $100,000 you would Hard Breach the Maximum Daily Loss of 5% if your equity the next day fell to below $95,000.
Maximum Total Loss
The Maximum Total Loss is initially set at 6% of your account’s starting balance and will trail (balance high watermark – 6%) until you achieve 6% in profit. After this, the Maximum Total Loss level will lock in at the starting balance. This allows for more trading flexibility as you have proven yourself as a profitable trader and can now freely compound the account.
Example 1: Your starting balance is $100,000. Your Maximum Total Loss is set at 6% which is $94,000. You profit $3,000 and your balance is now $103,000, your Maximum Total Loss is now $97,000.
Example 2: Your starting balance is $100,000. Your Maximum Total Loss is set at 6% which is $94,000. You lose $2,000 to take your balance to $98,000. Your Maximum Total Loss is still at $94,000. You then go on to profit $5,000 making your new balance $103,000. Your Maximum Total Loss trails and is now $97,000.
Example 3: Your starting balance is $100,000. Your Maximum Total Loss is set at 6% which is $94,000. You profit $8,000 to take your balance to $108,000. Your Maximum Total Loss is now $100,000 and will remain locked at this level.
Hantec Trader Account: Once you request your first payout, the Maximum Total Loss will lock at your account’s starting balance. We therefore suggest you leave a buffer and do not withdraw the full amount in order to continue trading with sufficient drawdown.
Stop Losses
Using a stop loss is not mandatory.
We do advise the use of stop losses in order to manage risk. Please note stop losses can experience slippage, this occurs but is not limited to higher lot sizes where there is no matching order at that price point and therefore this will be executed at the closest price available with a matching order.
Expert Advisers (EA) & Robots
We allow the use of EAs when trading your account so long as they do not perform any of our restricted strategies: please review our Terms & Conditions for details of these strategies.
Hold Over Weekends
We have no restrictions on trader’s holding over the weekend.
Traders need to be aware of the risks associated with weekend holding. Markets may experience gaps over the weekend and typically liquidity is thin when markets open for the week causing spreads to be wider than usual. We advise you to manage risk more cautiously during these times.
Account Leverage
The following leverage will apply for our various asset classes: Currencies 50:1, Bullion 20:1, Indices 15:1, Commodities 15:1, Crypto 1:1
Platforms
You cannot change platforms once a Challenge has started. Therefore you also cannot change platforms for your Hantec Trader account.
Inactivity
If you do not place a trade at least once every 30 days on your account, we will consider this a Hard Breach and your account will be closed.
Withdrawals
The initial withdrawal on your Hantec Trader account can be requested at any time, there are no minimum number of days needed to request your initial withdrawal. Additional withdrawals can be requested once every 14 days if you have purchased the Bi-Weekly Payouts add on. Otherwise it is once every 30 days.
We will also process the refund of your Challenge fee with your first withdrawal.
Please note: When you request a withdrawal on your Express Hantec Trader Account your drawdown locks in at your starting balance.
Example 1: You start with $100,000. You achieve profits of $6,000. You request a withdrawal which locks in your Maximum Total Loss of $100,000. You withdraw $3,000. You now have $3,000 buffer before hitting your maximum total loss.
Example 2: You start with $100,000. You achieve profits of $10,000. You request a withdrawal which locks in your Maximum Total Loss of $100,000. You withdraw $4,000. You now have $6,000 buffer before hitting your maximum total loss.
Example 3: You start with $100,000. You achieve profits of $2,000. You request a withdrawal which locks in your Maximum Total Loss at $100,000. If you withdraw the full $2,000 this will cause your new account to breach by only losing $0.01.
The Maximum Total Loss lock is in place to encourage responsible and long term trading and we therefore suggest a sufficient buffer is left in the account following your first withdrawal.
Hard Breach with Profit
If you Hard Breach your Hantec Trader account but you have withdrawable profits, you will still be able to withdraw these as normal. However the account is closed and will not be tradable moving forward.
News Trading
There are no restrictions on trading during news in any of our Challenge or Hantec Trader Accounts.
We advise caution during high impact news releases as there is increased volatility and slippage may occur. Slippage is when your order doesn’t fill at a specific price due to no matching order being available and therefore it is executed at the closest available price.