Hantec Markets Limited is authorised and regulated by the Financial Conduct Authority (FCA) in the UK (FCA Register No: 502635).
The FCA is an independent, non-governmental, official regulator of the financial services industry in the UK. Its statutory objectives were first set up under the Financial Services and Markets Act 2000 (FSMA) and amended under the Financial Services Act 2012.
The principal statutory objective of the FCA is to ensure that financial markets work well so consumers get a fair deal. This is underpinned by three operational objectives:
- to protect consumers;
- to enhance the integrity of the UK financial system; and
- to help maintain competitive markets and promote effective competition in the interests of consumers.
Advantages of working with an FCA regulated company
All companies regulated by the FCA are obliged to meet strict financial standards including capital adequacy requirements. As such, Hantec Markets must adhere to a strict reporting schedule and regularly submit financial reports performed by an independent auditor.
The FCA has the right to fine companies and/or terminate a company's regulatory status in case of violations.
The strict regulatory environment that Hantec Markets complies with serves to protect the client. It is a guarantee that business is carried out according to a number of firm rules and standards that have the purpose of limiting fraud and thereby also protecting client funds.
The Financial Services Compensation Scheme (FSCS)
The FSCS is the compensation fund of last resort for customers of authorised financial services firms. Clients of FCA regulated companies are covered of up to £ 50’000 of their investment in case the company they trade with defaults. Only financial losses (not trading losses) are compensated and compensation limits are per person per firm. More information can be found on the FSCS website.
Hantec Markets counterparties
Hantec Markets only works with reputable financial institutions. Client funds are safe in segregated accounts with top-tier bank HSBC, which is one of the largest banks in the world with a global network of around 7500 offices in more than 85 countries worldwide.