Hantec Trader is a proprietary trading firm, founded in December 2023, that allows traders to access live prop accounts and retain up to 90% of the profits they earn. The firm offers traders the opportunity to engage in live market trading without risking their own capital through a series of trading challenges.
Key Features of Hantec Trader
Powered by Hantec Markets
Hantec Trader operations are powered by Hantec Markets, which is a well-established global broker with a substantial track record of 30 years. This partnership ensures robust support and reliability for Hantec Trader’s offerings.
Live Market Execution
- Real Execution: All trades are executed by Hantec Markets, ensuring that transactions occur in real-time within live market environments. This approach provides traders with authentic trading conditions, as opposed to simulated or demo environments.
- Real Trading: The firm emphasizes the execution of trades in live markets, which helps in mirroring actual trading conditions and market reactions.
Flexibility in Trading
- Real Flexibility: Traders at Hantec Trader can customize their trading experience according to their individual needs and preferences. This includes a variety of challenges and optional add-ons that enhance the trading experience and adapt to varying trader requirements.
Hantec Trader Challenges
Hantec Trader offers two distinct challenge routes for traders aiming to access a live trading account: the Hantec Express Trader and the Hantec Enhanced Trader. Each challenge is designed with specific targets and conditions to cater to different trading styles and objectives.
Hantec Express Trader Challenge
The Hantec Express Trader Challenge is positioned as the fastest way to secure a Hantec Trader account. This challenge consists of a single stage that tests the trader’s ability to meet specific performance objectives.
- Stages to Complete: 1
- Minimum Trading Days: None.
- Profit Target: 10%.
- Maximum Daily Loss: Set at 5%.
- Maximum Total Loss: Capped at 6%.
- Refundable Challenge Fee: Yes, the fee paid for the challenge is refundable upon passing the challenge.
- Profit Split: 75% can be increased up to 90% with the purchase of a Challenge add-on.
Hantec Express Trader Challenge: $100,000 Account Example
- Balance Amount: $100,000
- Stage 1 Objectives:
- Maximum Trading Period: None, allowing traders to complete the challenge without any time constraints.
- Minimum Trading Days: None required. However, traders need to place a trade at least once every 30 days to avoid a hard breach.
- Maximum Daily Loss: Set at 5%, which limits the trader’s daily loss based on the previous day’s end-of-day balance. For example, if the balance was $100,000 at the end of one day, a fall in equity to below $95,000 the next day would constitute a breach.
- Maximum Total Loss: Initially set at 6% of the starting balance ($94,000) and will trail (balance high watermark – 6%) until 6% profit is achieved. Once this profit level is reached, the Maximum Total Loss locks at the starting balance, providing more flexibility for further trading.
- Profit Target: 10%, requiring the trader to generate a profit of $10,000 to pass the challenge.
- Leverage: 1:50 for currencies and bullion, 20:1 for indices and commodities, and 2:1 for cryptocurrencies.
- Refundable Registration Fee: $529, which is refundable upon successful completion of the challenge.
- Platform Consistency: Traders must continue using the same trading platform (e.g., MT4) throughout the challenge and once funded.
Additional Details
- Expert Advisors (EAs), news trading, and weekend holding are allowed.
- Stop Loss: Not mandatory.
- Retake Discount: If a trader fails the challenge, they can retake it with a 10% discount.
- Drawdown Management: Post-profit payout, the Maximum Total Loss will lock at the starting balance. Traders are advised to leave a buffer and not withdraw the full profit amount to maintain sufficient drawdown capacity for continued trading.
This detailed setup for the Hantec Express Trader Challenge ensures that traders are well-informed of their responsibilities and the risk management parameters they must adhere to while striving to achieve substantial profit targets within a real-market trading environment.
Hantec Enhanced Trader Challenge
The Hantec Enhanced Trader Challenge offers a more flexible and gradual approach to becoming a Hantec Trader. It involves two stages, each with specific profit targets.
- Stages to Complete: 2
- Minimum Trading Days: None.
- Profit Target: 10% in Stage 1 and 5% in Stage 2.
- Maximum Daily Loss: Maintained at 5%.
- Maximum Total Loss: Set at 10%.
- Refundable Challenge Fee: Yes.
- Profit Split: 75% can be increased up to 90% with the purchase of a Challenge add-on.
Hantec Enhanced Trader Challenge: $100,000 Account Example
- Balance Amount: $100,000
- Stage 1 Objectives:
- Maximum Trading Period: No limit, allowing traders to complete the objectives at their convenience.
- Minimum Trading Days: None required; however, traders must execute at least one trade every 30 days to avoid a hard breach.
- Maximum Daily Loss: 5%, which means any decrease in the account to below $95,000 based on the previous day’s end-of-day balance will trigger a breach.
- Maximum Total Loss: Fixed at 10% of the initial balance, setting the loss limit at $90,000, irrespective of subsequent account growth.
- Profit Target: 10%, requiring the trader to generate at least $10,000 in profits from closed positions.
- Leverage: 1:50 for currencies and bullion, with reduced leverage for other assets—20:1 for indices and commodities, and 2:1 for cryptocurrencies.
- Stage 2 Objectives:
- Maximum Trading Period: No set limit.
- Minimum Trading Days: Same as Stage 1, with the requirement to trade at least once every 30 days.
- Maximum Daily Loss: Continues at 5%.
- Maximum Total Loss: Remains at 10% of the initial balance, ensuring the account does not fall below $90,000.
- Profit Target: Reduced to 5%, which means the trader needs to make an additional $5,000 in profits.
- Leverage: Consistent with Stage 1.
- Refundable Registration Fee: $499, which can be reclaimed upon successfully passing the stage.
- Platform Consistency: Traders must continue using the same trading platform (e.g., MT4) throughout the challenge and once funded.
Additional Details
- Trading Flexibility: Allows the use of Expert Advisors (EAs), news trading, and weekend holding.
- Stop Loss Requirement: Not mandatory.
- Retake Option: If a trader fails the challenge, they can retake it with a 10% discount.
Withdrawal Process for Hantec Trader Accounts (Express and Enhanced)
The withdrawal procedures for both Hantec Express Trader and Enhanced Trader accounts aim to offer flexibility and encourage responsible trading practices. Here’s a detailed look at the withdrawal process for these accounts, covering initial and subsequent withdrawals, along with the financial implications of these actions.
Initial Withdrawal
- Timing: Traders can request their first withdrawal from their Hantec Trader accounts at any point without needing to meet a minimum trading day requirement.
- Challenge Fee Refund: The first withdrawal also includes a refund of the challenge registration fee, reimbursing the initial cost incurred by participants in the trading challenge.
Subsequent Withdrawals
- Frequency: After the first withdrawal, traders may request additional withdrawals every 30 days, starting from the date of the initial withdrawal.
Drawdown Lock After Withdrawal
- Policy for Both Accounts: Upon requesting a withdrawal, the Maximum Total Loss (MTL) locks at the initial account balance. This means the account’s allowable total loss reverts to the starting balance, irrespective of any profits earned at the time of withdrawal.
Examples of Withdrawal and Drawdown Implications
- Example 1: If a trader starts with a $100,000 balance and earns a $6,000 profit, requesting a $3,000 withdrawal will lock the Maximum Total Loss at $100,000. This provides a $3,000 margin before the account reaches the maximum loss threshold.
- Example 2: Starting with $100,000 and gaining $10,000 in profits, then withdrawing $4,000, sets the Maximum Total Loss at $100,000, creating a $6,000 buffer against reaching the maximum loss limit.
- Example 3: Beginning with a $100,000 balance and making a $2,000 profit, withdrawing the entire $2,000 would expose the account such that any loss over $0.01 would breach the account rules, as the Maximum Total Loss is locked at the starting balance of $100,000.
Recommendations for Managing Withdrawals: To effectively manage trading risks and maintain account sustainability, traders are recommended to keep a sufficient financial buffer in their accounts after any withdrawals. This strategy helps in managing risks prudently and supports long-term trading viability.
Hantec Trader Scaling Plan
If you’re looking to manage a larger trading account after completing your initial Challenge, the Hantec Trader scaling plan allows for this transition.
How the Scaling Plan Works? Upon passing your Challenge, you have the opportunity to maintain the original account balance or move to a higher balance by passing another Challenge specific to the new, higher balance.
Scaling Example:
- After completing the $25,000 Challenge, you can opt to manage the $25,000 account or attempt the $50,000 Challenge.
- A successful completion of the $50,000 Challenge provides the option to further scale to higher account levels, up to $200,000, contingent on passing each increased Challenge level.
Eligibility for Scaling: The scaling option is open to participants of both the Enhanced and Express Challenges, allowing traders to increase their account size as they successfully demonstrate their trading proficiency at each level.
