Hantec Trader has announced the expansion of its challenge-based funded accounts to include instant funding options. The prop firm, owned by FX and CFD broker Hantec Markets, will offer a new type of account with up to $50K in simulated balances in selected jurisdictions.

Hantec Trader Adds Instant Funding to Its Offering

Until now, Hantec Trader offered two types of challenges: single and two-stage, for accounts ranging from $2,000 to $200,000. Now, following industry trends in the prop firm sector, the Hantec Markets brand has decided to introduce "Instant Funding" accounts.

What's the main difference? Primarily, traders don't need to undergo preliminary verification through challenges, achieve profit targets, or complete a minimum number of trading days. They immediately receive access to trading funds up to $50,000, on which they can realize actual profits. However, it's worth noting that the cost of such challenges is typically significantly higher.

"No challenge phase. No delays. No waiting. Start trading from day one with simulated balances up to $50k. Get immediately into the action after sign-up, and start building your skills," the prop firm commented on social media.

Hantec Trader emphasizes that the offer is currently available only in selected regions. When logging into the prop firm's English websitete, information about the new account type does not yet appear. Finance Magnates contacted the prop firm's representatives for more detailed information but had not received a response at the time of publication.

$1M in Payouts and Other Offering Updates

There's been a lot happening at Hantec Trader over the past few weeks. The company also reported that since its establishment at the turn of 2023 and 2024, it has already paid out over $1,000,000 in rewards to its clients.

They also shared statistics about where most of their current traders come from. Besides Portugal, they are mainly from developing countries, including Brazil, Thailand, Nigeria, and the UAE.

In February, the prop firm decided to expand its operational reach and open up to UK clients. At the same time, they presented a refreshed branding, changing their visual identity and color scheme: the previously dominant blue color was replaced with orange.

Hantec Trader was established at a time when several other large CFD brokers began entering the prop trading space. These included Axi Select, IC Funded, and OANDA Labs Trader.

"It's evident that customers are seeking reliable and experienced firms to partner with, given the ongoing uncertainty in the industry," commented Bashar Gokal, the Operations Manager at Hantec Trader, to Finance Magnates last year. "We expect the demand for prop trading to continue growing as prop trading providers target new market segments."