Note: Hanson Markets' official website: https://www.hansonmarkets.com/ is currently inaccessible normally.
Hanson Markets Information
Hanson Markets is a brokerage company who offers trading services in crypto, stocks and commodities. However, its website is currently unavailable, leaving us uncertain about its operations status. Since there are very limited information over the Internet as well, we are not sure if the company already ceased business. Moreover, the absence of regulation further exacerbates its credibility and legality.
Is Hanson Markets Legit?
The broker operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.
Downsides of Hanson Markets
Unavailable website: Hanson Markets' website cannot be opened currently.
Regulatory concerns: The company operates without any regulations, meanig that it does not comply to rules from any regulatory authorities. This heightens trading risks with them.
Lack of transparency: The broker does not reveal info on trading conditions such as account details, spread, commissions, etc.
Inactivity fees charged: Hanson Markets charges a dormant account fee of $25 for accounts without trading activities within 12 months.
Deposit/withdrawal fees: All deposits and withdrawals with this broker will be charged a commission of $25, extremely high and will eat up a large portion of your profits.
What Can I Trade on Hanson Markets?
Hanson Markets provides trading services to several trading instruments, mainly in 3 asset classes.
Commodities: Commodities are basic goods used in commerce that are interchangeable with other goods of the same type, such as precious metals as well as energy products.
Stocks: Stocks represent ownership stakes in large companies such as Apple, Tesla etc., allowing investors to participate in their profits and losses.
Cryptos: Cryptocurrencies are digital or virtual currencies that use cryptography for security and operate on decentralized networks based on blockchain technology.
When dealing with investment activities, always adhere to the principle of diversification by allocating funds across various products rather than coHanson Marketsntrating on a single one you feel optimistic about.
Account
The only information we can get from the Internet is that Hanson Markets requires a minimum deposit of $25, which is generally affordable to most traders. But account features are not available.
Hanson Markets Fees
Hanson Markets charges a dormant account maintenance fee of $25 annually for accounts inactive within 12 consecutive months. Your account balance will be fully deducted if it's less than $25.
Trading Platform
The broker claims to offer a self-developed web-based trading platform called “HansonTrader”. The platforms can be accessed through web on any devices, or an app versions downloadable from PC and iOS/Android phones.
The platform is said to offer 1 click trading and built-in news functionality, technical analysis tools with 30+ indicators and charting tools, 3 chart types, etc.
Deposit & Withdrawal
Hanson Markets accepts deposits and withdrawals via wire transfers and bitcoins. All wire transfer deposits or withdrawals require a commission fee of $25.
As for the processing time of withdrawal requests, withdrawals through wire transfers require 3-5 days to process, while all BTC payments are instant.
