1. Contact Details

Hantec Markets Limited Address: 1276, Kumul Highway, Port Vila, Vanuatu, Republic of Vanuatu

Website: www.hantecvanuatu.com

Phone: +852-2214 4183

Hantec Markets Ltd is a company registered in Vanuatu. It holds Vanuatu Financial Services Licence Number: 40318

Preparation date: 23 December 2020

Version: 1.1

2. Key information

Hantec Markets Limited (HML, us, we, our) is the issuer of the products described in this Product Information Statement (PIS). Should you have any queries about this document, please do not hesitate to contact us. Our contact details are at the start of this PIS.

This PIS is not a regulated document and is not provided under any laws or regulations that apply to us.

This document and related documents do not constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation is not authorised, or in which the person making such offer or solicitation is not qualified to do so, or to any person to whom it is unlawful to make such an offer or solicitation. No action has been taken that would permit an offer of this type in any jurisdiction where action for that purpose would be required.

• provide you with the information you need to determine whether the products we offer are appropriate for you needs;
• explain the terms and conditions, rights and obligations associated with our products; and
• help you to compare products.

This PIS does not take into account your financial situation, personal objectives or needs. Before using the products referred to in this PIS you should read it carefully, and then consider your objectives, financial situation and needs and take all reasonable steps to fully understand the possible outcomes of trades and strategies that can be employed using our trading platforms. HML recommends you seek independent financial advice to ensure that a particular product is suited to your financial situation and requirements.

Warning: Trading in the products outlined in this PiS involves the potential for profit as well as the risk of loss which may vastly exceed the amount of money you initially commit to any trade or transaction. Due to the highly leveraged nature of most of our products, the risk for loss is significantly heightened. Movements in the price of foreign exchange, securities or commodities rates are influenced by a variety of factors of global origin many of which are unpredictable. Violent movements in the price of foreign exchange or commodities rates may result in action by the market as a result of which you may be unable to settle adverse trades. HML is unable to guarantee a maximum loss that you may suffer from your trading. By trading with us you do not own or have any rights to underlying instruments.

3. What are we authorised to do?

HML is authorised to give you general advice in relation to non-cash payment products, derivatives and foreign exchange contracts. HML is also authorised to deal in relation to those same products.

This means that we can advise you, without taking into account your personal circumstances, about FX and commodities trading and the general state of the relevant markets. We can also help you open an account with us and use our trading platform services.

HML is also authorised to “make a market” for foreign exchange and derivatives contracts. This allows us to quote market prices to you, including buy and sell prices.

HML provides leveraged foreign exchange and commodities trading services (via our foreign exchange and commodities trading facilities) in both foreign exchange and commodities markets.

4. Foreign exchange (FX), FX pairs and FX indices

HML’s foreign exchange trading service is outlined as follows:
• First, you must set up a trading account with HML.
• You will then need to deposit an Initial Margin of a Base Currency into your newly established HML account before you start trading. HML offers Hantec Trading Station and Meta Trader 4 (“MT4”) for trading. We will tell you what amount you need to deposit before you make the deposit:
1) You can deposit a percentage (typically between 0.5% and 1%) of the Notional Contract Amount:

On some platforms, HML may request you to deposit USD 1,000 for an AUD contract with a Notional Amount of AUD 100,000.

2) You can deposit an amount (eg. USD 1,000 per Contract of 100,000 units of the trading currency):
On other platforms, you need to deposit an amount, such as USD 1,000 for an AUD contract with a Notional Amount of AUD 100,000.

Then, you are ready to trade. You can buy a Contract, which is a financial product that derives its value from an underlying currency, currency pair, or currency index. HML will provide you with a quote setting out the price of the Contract. A Contract’s size can be any amount equal to or greater than 1,000 of a particular trading currency, except for the InterBank Classic platform which requires a minimum contract size of 500,000 of a particular trading currency. You can enter into a Contract online (via our online trading platforms) at a Spot rate of exchange that is quoted by HML. What you are actually buying is a Contract – not the asset itself.


The Contract derives its value from an asset (a particular currency, currency pair, or currency index) which is never delivered to you, and you do not have a legal right to, or ownership of the asset. Rather, your rights are attached to the Contract itself.

• You then choose when to sell the Contract (“close out” your position) by taking an opposite position in the market, with the intention of making a profit when the asset moves in the intended direction.
• The profit or loss resulting from the trade will be credited or debited to your account.
• HML has trading rules (including “forced liquidation” and an Initial Margin requirement) to protect HML against loss. The trading rules also help reduce (but not avoid) the risk that you will lose more than your deposited funds (see the section titled “significant risks” below). These trading rules are contained in the section headed ‘Operation of Client Account’ in the HML Terms and Conditions.
• HML usually offers settlement of trades on a T+2 basis. This is a global standard which refers to the trade date, plus two Business Days. When you are trading in currencies, what constitutes a Business Day depends on what currencies you are trading. See “Business Day” in the glossary for more information

Example of a foreign exchange trade

Client X is of the opinion that the EUR will appreciate against the USD in the near future. So he makes a deposit of USD 5,000 into his foreign exchange margin trading account with HML, and buys a contract of EUR/USD at the current quoted market price of 1.2820, which has a contract value of EUR 100,000. (Assume that the required Initial Margin for opening one contract is 1% of the contract value, ie. EUR 1,000 or USD 1,282).

Assume that the EUR/USD depreciates after client X buys the contract, and the EUR/USD exchange rate drops to a level of 1.2370 that day. The floating profit and loss in terms of USD in the account of client A will be USD -4,500 (1.2370 - 1.2820) x 100,000).

The Margin Level of client X now drops from USD 5,000 to USD 500 (USD 5,000 – USD 4,500).

Forced liquidation

If the Margin Level in your account drops below a predetermined level set by HML (e.g. 30% of an Initial Margin or 0.3% of the Notional Contract Amount) or if HML exercises its absolute discretion, then HML is entitled to close out your position at the prevailing market rate without notice to you. HML could do this in order to minimise trading risk and deduct the resulting realised loss from your remaining funds held by HML. You will remain liable for any negative positions which cannot be covered by the closing out of your positions.

Example of forced Liquidation

Assume in the above example, that client X does not deposit extra funds to increase the Margin Level of his account. Assume also that HML has set a close out level of 30% of Initial Margin (US$1,282 x 30% = US$384.60). Finally, assume that the EUR/USD exchange rate keeps depreciating from 1.2370 to 1.2358. The Margin Level of client X will drop further from USD 500 to USD 380. The floating profit and loss in client X’s account will now be USD - 4,620 (1.2358 – 1.2820) x 100,000).

The close out position is now less than 30% of the required Initial Margin (USD 1,282), i.e. USD 384.60, so HML will close out client X’s position by selling one contract of EUR/USD at the current market rate. Assume the current market rate has depreciated further to 1.2355.

The realised profit and loss which will be incurred in client X’s account will be USD -4,650 ((1.2355 - 1.2820) x 100,000)). The final margin in client X’s account will be USD 350. (USD 5,000 – USD 4,650)

The client remains entitled to the USD 350 balance in their account.

5. Commodities and commodities indices

Trading in commodities operates in the same manner as foreign exchange trading, except the underlying asset is a commodity. Examples of metal commodities include Loco London Gold (LLG) and Loco London Silver. Commodities often have prices quoted in US currency. You can also trade on indices of commodities, such as the Dow Jones-AIG Commodity Index.

When using our services, you can only trade on the quoted Spot Rate for commodities contracts.

In the same way as described in section 4, above, we do not deliver the physical underlying assets to you, and you have no legal right to it. Rather, settlement is made by cash based on the difference between the buy and sell rates of the Contracts.

Example of commodities trading

Client X is of the opinion that the price of gold will appreciate against the USD in the near future, so he makes a deposit of USD 4,000 into his margin trading account with HML, and buys 2 contracts of LLG at the Spot Rate gold price of USD 1,300. Each contract represents 100 ounces of LLG, and has a value of USD 130,000 (USD 1,300 x 100).

In this example, HML requires an Initial Margin of USD 1,000 for buying 1 contract of LLG, therefore client X is required to make an Initial Margin payment of USD 2,000 in order to purchase 2 contracts of LLG.

Assuming that the gold price rises from USD 1,300 to USD 1,350 over the course of the day, then the floating profit or loss for client X is calculated as USD 10,000 (USD 1,350 – USD 1,300) X 100 X 2)

The leverage (gearing) ratio for this trade is calculated using the following formula:

Gearing ratio= (current gold price (USD) x contract size (ounce per contract) x number of contracts

margin deposit

By utilising our margin trading service and depositing USD 4,000 as the Initial Margin for the purchase of 2 contracts of LLG, client X has magnified his investment exposure by a ratio of 65 ((1,300 x 100 x 2) / 4,000).

Therefore in this instance, Client X has made a relatively large profit as a result of a relatively small movement in the price of the underlying commodity. This is possible due to the magnifying effect of margin trading.

Forced liquidation

If the Margin Level in your account drops below a predetermined level set by HML (e.g. 30% of an Initial Margin or 0.3% of the Notional Contract Amount) or if HML exercises its absolute discretion, then HML is entitled to close out your position at the prevailing market rate without notice to you. HML could do this in order to minimise trading risk and deduct the resulting realised loss from your remaining funds held by HML. You will remain liable for any negative positions which cannot be covered by the closing out of your positions.

Refer to “Example of forced Liquidation” in the “Foreign Exchange (FX) Trading” section of this PIS. If the underlying asset in this asset was a commodity, a forced Liquidation would work in the same manner.

6. Securities indices

Trading in securities operates in the same manner as foreign exchange trading, except the underlying asset is a securities indices. Examples of securities indices are ASX200, FTSE100 and NASDAQ100. Securities indices have prices quoted in the currency of their country of origin.

When using our services, you can only trade on the quoted Spot Rate for securities index contracts.

In the same way as described in section 4, above, we do not deliver the physical underlying assets to you, and you have no legal right to it. Rather, settlement is made by cash based on the difference between the buy and sell rates of the Contracts.

Example of securities indices trading

Client X is of the opinion that the value of the ASX200 will increase in the near future, so he makes a deposit of USD 5,000 into his margin trading account with HML, and buys 2 ASX200 contracts at the Spot Rate of USD 5500 .

In this example, HML requires an Initial Margin of USD 80 (USD80*spot rate AUD/USD) for buying 1 ASX200 contract, therefore client X is required to make an Initial Margin payment of USD 160 in order to purchase 2 ASX200 contracts.

Assuming that the value of the ASX200 rises from USD 5500 to USD5510 over the course of the day, then the floating profit or loss for client X is calculated as USD 20 (5510*2 – 5500*2).

The leverage (gearing) ratio for this trade is calculated using the following formula:

Gearing ratio= current ASX value (USD) x number of contracts

Initial margin deposit

By utilising our margin trading service and depositing USD 160 as the Initial Margin for the purchase of 2 ASX200 contracts, client X has magnified his investment exposure by a ratio of 68.75 (11000/160) .

Therefore in this instance, Client X has made a relatively large profit as a result of a relatively small movement in the price of the underlying securities index. This is possible due to the magnifying effect of margin trading. If the value of the ASX200 had decreased, Client X may have made a large loss.


Dividend payments are applicable to most cash indices and will be applied as debit/credit along with the rollover to your open positions (see section 13 for an explanation of rollovers). Adjustments will apply on the eve of the ex-dividend date of the constituent members of the relevant Index. The adjustment will appear as a debit or credit cash entry.

When an equity goes ex-dividend, the price of that equity theoretically decreases by the dividend amount. In practice, this does not always happen as there are many market forces affecting an equity price. The amount of points an index cash CFD drops by is dependent on the weighting of the equity within the index. If more than one constituent equity of an index CFD goes ex-dividend on the same day, the amount of points each equity will theoretically cause the sector or index to drop by is added together to calculate the total amount of dividend points or "drop points".

Where an index is a Total Return Index, dividend payments will not be credited/debited.

Forced liquidation

If the Margin Level in your account drops below a predetermined level set by HML (e.g. 30% of an Initial Margin or 0.3% of the Notional Contract Amount) or if HML exercises its absolute discretion, then HML is entitled to close out your position at the prevailing market rate without notice to you. HML could do this in order to minimise trading risk and deduct the resulting realised loss from your remaining funds held by HML. You will remain liable for any negative positions which cannot be covered by the closing out of your positions.

Refer to “Example of forced Liquidation” in the “Foreign Exchange (FX) Trading” section of this PIS. If the underlying asset in this asset was a securities index, a forced Liquidation would work in the same manner.

7. Conversion of currency

Your trading account with HML is normally denominated in a “Base Currency” which is often USD. In order to trade, you may need to convert existing funds into USD or another Base Currency. For example, you can generally only buy or sell certain commodities and commodities indices using USD. If you deposit AUD into your account, you will be required to convert it to USD before trading.

You can use your own bank to convert your currency into USD, if you wish.

Alternatively, HML can convert your funds by first quoting you a spot price pursuant to its usual HML Terms and Conditions which you will have already signed. If you choose to accept HML’s quoted prices, then the transaction will usually take place immediately, upon receipt of your cleared funds. The new currency will be delivered to your HML account.

HML will also convert the realised trading profit or loss in your account into USD or another Base Currency at the closing price of the relevant currency immediately proceeding to the trade day.

8. Trading Facilities

We are able to provide trading facilities through our online trading platforms.

Our online trading platforms are internet based tools for you to trade on foreign exchange and commodities contracts. In this PIS, when we refer to foreign exchange trading or commodities trading, we are referring to our online trading platforms.

Our website homepage has clearly identifiable links that provide more details about our online trading platforms. Please visit our website to get a free copy of these documents. Please contact us if you do not have access to our website.

9. Benefit and Risks

The benefits and risks of using our services are set out as follows:

a) The significant benefits
The benefits of our facilities include:
i. Hedging
You can use our trading facilities to hedge your exposures to the underlying instruments. Any profit (or loss) you make using our trading facilities would be offset against the higher (or lower) price you physically have to pay for the currency, index, commodity or other asset at the future date.
ii. Speculation
In addition to using our foreign exchange trading facilities as a risk management tool, you can benefit by speculating on changing asset price movements. You may take a view of a particular market or the markets in general and therefore invest in foreign exchange or commodities according to your view. If you have closed a position and made a profit, that profit will appear in your account and will be accessible to you. Speculators seek to make a profit by predicting market moves and buying a currency, index, commodity or other asset for which they have no practical use. The example of foreign exchange dealing above illustrates a trade where a client is entering into a speculative trade, based upon a belief that the market will move in a particular direction.
iii. Access to the foreign exchange markets at any time
When using our online trading platforms you gain access to systems which are updated 24 hours a day. You can also trade on your accounts and positions 24 hours a day.
iv. Real time streaming quotes
Our online trading platforms provide up-to-the-minute quotes. You may check your accounts and positions in real time and you may enter into trades based on real-time information.
v. Full control over your account and positions
When using our trading facilities we allow you to place stop loss order on your trades. This means that if the market moves against you we will close out your position in accordance with the limit set in your Stop Loss Order. However, please refer to risk number (ii) below, which highlights the risk to you that in a volatile market we may not be able to close out your position until after the Stop Loss Order limit is exceeded. If this occurs you may lose more than you deposited.

b) Significant risks
There are a number of risks in using our trading facilities. These risks may lead to unfavourable financial outcomes. Monitoring of any risks associated with our trading facilities is your responsibility. You should seek independent legal, financial and taxation advice prior to commencing trading activities and should not use our services unless you fully understand the products, and the benefits and risks associated with them. Some of the risks associated with using our trading facilities include:

i. Unforeseen Circumstances
If we are unable to perform our obligations to you due to reasons beyond our control then we will attempt to return any money paid by you. We may also suspend our obligations to you during periods of market disturbance if it is impractical or not possible to trade in relevant financial markets. We will inform you if any of these events occur.

ii. Market volatility
Foreign exchange and commodities markets are subject to many influences which may result in rapid fluctuations. Because of this market volatility, no foreign exchange or commodities transaction which is available via our trading facilities can be considered “risk free”.
Given the potential levels of volatility, it is recommended that you closely monitor your transactions at all times.
You can eliminate some of the downside risk by the use of Stop Loss Orders. If you use a Stop Loss Order we will enter into a position opposite to your existing position if the exchange rate or commodities price reaches a level specified by you in advance. However, in a volatile market, there may be a substantial time lag between order placement and execution. This can mean that the entry or exit price may be significantly lower or higher than the price at which the sell (or buy) order (including a Stop Loss Order) was placed. This is known as “gapping”, and HML does not guarantee that the Stop Loss Order will be successful in limiting your downside risk, which may be greater than you initially anticipated.

iii. Market risk
If you enter into a transaction for the purpose of trading an asset, you will be exposed to changes in the relevant asset market. These changes may result in losses to you which are in addition to any gains or losses resulting from fluctuations on currency markets.

iv. Leverage risk
The use of our margin foreign exchange and commodities facilities involves a high degree of leverage. You can outlay a relatively small Initial Margin which secures a significantly larger exposure to an underlying currency. The use of margin trading facilities magnifies the size of your trade, consequently your potential gain and your potential loss is equally magnified. You should closely monitor all of your open positions. If the market moves against you and your Initial Margin deposit is diminished, we may automatically close out your position by entering into an equal and opposite position once pre-set limits are triggered (refer to the example of forced liquidation). Any remaining balance will be returned to you.

v. Counterparty risk
Given you are dealing with us as a counterparty to every transaction, you will have an exposure to us in relation to each transaction. In all cases, you are reliant on our ability to meet our obligations to you under the terms of each transaction. This risk is sometimes described as counterparty risk.
You are also subject to our credit risk. If our business becomes insolvent we may be unable to meet our obligations to you. You can assess our financial ability to meet these counterparty obligations to you by reviewing financial information about our company. You can obtain a free copy of our financial statements by contacting us by using the details at the start of this PIS.

vi. Bank risks
If our bank (or a bank in which funds are held on our behalf) becomes insolvent then we may not be able to meet our obligations to you.

vii. Market Information
We may in the future make available to you a broad range of financial information generated internally or obtained from agents, vendors or partners (“Third Party Providers”). This includes, but is not limited to, financial market data, quotes, prices, news, analyst opinions and research reports, graphs or data (”Market Information”).
Market Information provided by us through our website is not intended as advice and we do not endorse or approve the Market Information. We make it available to you only as a service for your own convenience. We and any Third Party Providers do not guarantee the accuracy, timeliness, completeness or correct sequencing of the Market Information or warrant any results from your use or reliance on the Market Information.
Market Information may quickly become unreliable for various reasons including, for example, changes in market conditions or economic circumstances. Neither us nor the Third Party Providers are obligated to update any information or opinions contained in any Market Information and we may discontinue offering Market Information at any time without notice.

viii. Systems Risks
We rely on technology to provide our foreign exchange and commodities trading facilities to you. A disruption to the facility may mean you are unable to trade when you want to. Alternatively, an existing transaction may be aborted as a result of a technology failure. An example of disruption includes the “crash” of the computer systems used to operate the online facility. We manage this risk by having state-of-the-art IT systems and backup measures.

ix. Use and Access to our Website
You are responsible for providing and maintaining the means by which you access our website. These may include, without limitation, a personal computer, modem or other access system available to you.
While the internet is generally reliable, technical problems or other conditions may delay or prevent you from accessing our website. If you are unable to access the internet and thus, our online facility, it may mean you are unable to enter into asset transactions when desired and you may suffer a loss as a result.

x. Cyber Security Risks
Cyber security risks are a major threat to businesses around the world. We cannot guarantee against third party interference to our website and trading facility, or to the technology provided by third parties upon which we rely. This means that you may be exposed to issues arising from any third party interference which may occur. Examples include:- unauthorised access to our or your IT systems or devices, data breaches, business interruption, errors in pricing feeds or inability to access your account or close positions. In the worst case scenario, financial loss may occur. We take this risk seriously and manage it by ongoing monitoring of our IT systems, protection and backup measures (including virus protection software). You can limit your risk by ensuring that you have up-to-date software for the devices that you use to access our trading facilities and ensuring that you use strong passwords which are kept confidential and secure.

xi. Latency and price feed risk
Internet, connectivity delays and price feed errors sometimes create a situation where the prices displayed on our trading screen do not accurately reflect market rates. We are not responsible for any loss which you sustain as a result, and we may take action to recover any loss sustained by us as a result, including repairing, reversing, opening, and/or rolling over new or existing positions.

xii. Third party trading
Third party trading can be risky. Third party trading services are often called “money managers”, “expert advisers” or “mirror trading plugins”. They may enable your account to mirror trades made by third party asset managers. They may claim to exploit price latency across platforms or markets. They may promise exceptional returns. Our platforms may allow you to plug in or otherwise connect to third parties. Some providers of third party plugins may charge you fees, and others do not. Some are approved by us, and others are not. Regardless of our approval, we are not responsible for, and will not indemnify you for loss which arises out of your reliance on any statements made by their makers or promoters, or any loss incurred in connection with third party plugins that you use.

Key risks when using third party trades or software include:
• You can lose control of your trades and suffer financial loss.
• Any software may stop working and you are stuck with open positions and you suffer financial loss.
• You can lose more money than your initial deposit.
• It may result in you being margin calledand your positions may be liquidated.
• Some are offered by fraudulent or illegal / underground entities in remote parts of the world.
• Some create or are otherwise affected by price latency which may result in significant losses on your account due to inaccurate pricing.

If promoters of these plugins or trading services make promises that are too good to be true, then you should avoid them. You should never provide your account user name or password to a third party without our express consent – to do so would be a breach of the Terms of Business. You are wholly responsible for managing the risks (including the risk of loss) associated with using third parties.

xiii. Client money co-mingling risk
The funds recorded in your trading account will be held in a designated bank account by us or on our behalf. Those funds are held on our own account and not on your account. Neither we nor any other person is holding funds you deposit (or that are or may become payable to you) as a trustee for you or in any fiduciary capacity with respect to you. As between us and you, you are our creditor with respect to any funds held by us or on behalf. You do not have and relinquish the right to any interest on funds deposited with HML (or with any other person on our behalf). Individual client accounts are not separated from each other but instead are pooled together.

10. The costs involved in using HML products

Please refer to our current FSG for a description of how HML, its employees and related parties are paid, and for information about the Spread, conversion costs, administrative charges, rollover interest and commission that may be payable in relation to the products described in this PIS. You can find this information (with worked examples) in Section 5 and 6 of the current FSG. You can obtain a free copy of the FSG by contacting us using the details at the start of this PIS.

Summary of costs
Costs Description
Spread Costs This is the difference between the rate we notionally buy from and sell to you the financial product.
Commission You may be charged a commission calculated as a percentage of the executed opening and closing transaction value. You may also be charged a commission per contract or an amounted added to the spread if you use our services via a third party.
Rollover interest You may earn or pay interest if you hold a margined contract overnight. The amount of interest you earn or pay depends on the type and size of products that you buy or sell, the interest rate differential between the currency pair you have bought/sold (where applicable) and the duration of the rollover period.
Conversion cost Cost of converting from USD to foreign currency. You can request HML to convert the currency to another financial institution. If you request HML, we will be remunerated by the difference between the rate we buy and sell the currency to you.
Administrative charges Fee for administrative services requested by you i.e. duplicate statements, transcripts or copies of telephone conversations and audit certificates.
Dormant Account Fee Annual fee if account not used for trading within a 12 month period.

11. How do the online trading platforms work?

To make a trade using our online trading platforms you must first register with HML by filling out the registration form either provided to you at the same time as this PIS, or located at https://www.hantecvanuatu.com/. A pre-condition to successful registration is an acknowledgement by you that you have read this Product Disclosure Statement, the Financial Services Guide and that you have read and agreed to be bound by the HML Terms and Conditions. There may also be other terms and conditions that you will need to agree to, if you are outside of Vanuatu.

Once you are registered, you will be able to login to the relevant platform using the username(s) and password(s) you have selected.

b) If you are trading with respect to any of our other products:

Once logged in, a number of windows will pop up in the platform. In order to place a trade, you first select a currency pair, commodity, other asset (eg. share) or index from the trade window. For example, you can choose the currency pair of EUR/USD. Once you have selected a currency pair, commodity, asset or index, you need to select the amount you wish to invest by buying/selling your intended number of contracts.

HML offers you “leverage trading”. This effectively means you can notionally borrow money to make your trade bigger. You can limit your maximum losses to a percentage of the value of your investment by setting up a stop loss order. However, as stated in “Significant Risks (ii)” above, you should be aware that due to external factors we may be unable to comply with your Stop Loss Order and you may suffer greater losses as a result.

If you are choosing a currency pair you determine which currency is going to be bought and which is going to be sold.

The “bid” price of a currency is the price at which HML has offered to buy from you a currency against the other currency in the currency pair and the “ask” price represents the price at which HML has offered to sell to you a currency against the other currency. The difference between the bid and ask represents the “Spread”.

Once the trade has been executed, the particulars of that trade will be communicated to you either by post or electronically via the trading platform or by email. You can transfer money into or out of your account, subject to our HML Terms and Conditions.

12. How are our Contract prices calculated?

We cannot predict future exchange rates or the prices of indices, commodities or other assets, and our quotations on our website are not a forecast of where we believe the rates or prices will be at a future date. The decision to transact at a particular rate or price will always be your decision.

The calculation of the price to be paid (or the payout to be received) for Contracts offered by us, at the time the Contract is purchased or sold, will be based on our best estimate of market prices and the expected level of interest rates, implied volatilities and other market conditions during the life of the contract and is based on a complex arithmetic calculation.

The Contract prices (or the payout amounts) we offer to you when hedging, trading or speculating on market prices may differ from prices available in the primary or underlying markets where contracts are traded. This is due to the Spread in the price calculation that favours us. Different Spreads are used depending on the value of the contract. These are subject to our right to make corrections in the event of mis-priced or typographically incorrect data.

We do not provide a market amongst or between clients for investment or speculation. Each transaction you enter into is an individual agreement made between us and you as a principal and is not transferable, negotiable or assignable to any third party.

Trades that are not covered or terminated prior to 17:00 New York Time (or any other time specified by us and communicated to you pursuant to the HML Terms and Conditions) are held overnight (“rolled over”) and will result in you paying or receiving interest. This is known as rollover or differential interest. Rollover refers to the interest you may earn or be charged daily on your open positions.

13. Terms and Conditions

Our HML Terms and Conditions are provided to you at the beginning of the registration process and must be read and signed or assented to before a contract is entered into. If you are outside Vanuatu, there may be other terms and conditions you will be required to sign or acknowledge.

When you use our services you will be bound to HML’s terms and conditions as amended from time to time, along with any other terms you are required to sign or acknowledge (for example, if you are outside of Vanuatu). However, in the event of inconsistency, the terms in the legal documents described below will rank according to the following priority, to the extent of any inconsistency:
1. This PIS
2. HML Terms and Conditions
3. Account Opening Form

The information in this PIS is subject to change from time to time and is up to date as at the date stated above.

Information in this PIS that is not materially adverse to users of our products is subject to change and may be updated via our company website (see contact details on page 1). You can access that information by visiting the website, or telephoning us and asking for an electronic or paper copy. You can also access the website which may contain, from time to time, other information about our products.

All foreign exchange, commodities contracts with HML are agreed through our online trading platforms. The applicable submission of an order on the online trading platform in addition to the HML Terms and Conditions constitutes the entire contract between HML and the client with respect to that particular transaction.

HML only provides general advice. That means that, unless stated otherwise, it does not take into account your financial objectives, financial situation or needs, and you will need to decide yourself whether the product is appropriate for you. You should read this document in detail to help you form that decision.

There is no cooling off period for any product offered by HML. You must provide all information to us, which we reasonably require of you to comply with any law in Vanuatu or any other country. In particular, you must provide adequate identification before you can use our products or services. We may delay, block or refuse to enter, adjust or complete a transaction if we believe on reasonable grounds that making the payment may breach any law in Vanuatu or any other country, and we will incur no liability if it does so. We may disclose any information that you provide to a relevant authority where required by any law in Vanuatu or any other country.

Unless you have disclosed to us that you are acting in trustee capacity or on behalf of another party, you warrant that you are acting on your own behalf when obtaining this service from HML.

When you use our services, you are promising that you will not breach any law in Vanuatu or any other country or jurisdiction.

We reserve the right to suspend the operation of our website and online facility or any part or sections of them. In such an event, we may, at our sole discretion (with or without notice), close out your open positions at prices we consider fair and reasonable.

We may impose volume limits on client accounts, at our sole discretion.

14. Stopping or cancelling a payment

Should you wish to cancel or alter any Contract you have entered into with HML, it will be at our complete discretion. If, at your request, we cancel or alter your contract, you may have to pay any costs for exchange rate losses that are incurred.

15. Tax implications

Entering into Contracts with us can create tax implications. Generally, if you make a gain attributable to an exchange rate or price fluctuation then that part of the gain is included in your assessable income. Conversely, if you make a loss attributable to an exchange rate or price fluctuation then that part of the loss is deducted from your assessable income. However, the taxation laws are complex and vary depending on your personal circumstance and the purpose of your currency trading. Accordingly, you should discuss any taxation questions you may have with your tax adviser before using our products or services.

16. What are our different roles?

HML is the product issuer. This means that we issue the products described in this document, and do not act on behalf of anyone else.

HML is also the service provider. Our Representatives can give you general advice and help you use the trading services.

17. What should you do if you have a complaint?

In the event you have a complaint about HML, you can contact your HML Representative and discuss your complaint. If you are overseas, HML may refer you to an overseas dispute resolution body.

If your complaint is not satisfactorily resolved by your Representative, please contact by telephone or in writing:

Head of Compliance, Internal Audit and Risk Management , Hantec Markets Limited. See contact details on page 1 of this PIS

We will try and resolve your complaint quickly, fairly and within prescribed time frames.

18. Glossary


United States dollar.


Australian dollar.

Base Currency

This is the currency in which your trading account is denominated. For example, if it is USD, you can only transfer USD into that account. The profit or loss is also converted into that currency.

Business Day

A Business Day is a day on which commercial banks are open for business (including dealings in foreign exchange) in Vanuatu and the host countries of the relevant currencies, indices, commodities or other assets (eg. shares).


This is a contract which you may enter in to with HML. It derives its value from an underlying instrument (such as a currency, a currency pair, a commodity such as gold or silver, another asset such as a company share, or an index such as a shares or commodities index). A Contract does not involve any legal rights with respect to the underlying assets, and nor does it create a right or obligation on either party to deliver the underlying asset(s). Rather, settlement is made by cash based on the difference between the buy and sell rates of the Contracts.


Euro – the official currency of the European Union.

Forced Liquidation

This is described in Section 4 of this PIS.


Financial Services Guide – issued by HML.


Foreign Exchange

HML Terms and Conditions

These are the terms and conditions that you are required to properly execute before you can use the products described in this PIS. You can obtain a free copy of this document by contacting us using the details at the start of this PIS.

Initial Margin

HML requires an Initial Margin before you can trade. An Initial Margin is the minimum margin requirement for clients to trade and is typically 1% of the contract amount (e.g. you need to deposit USD 1,000 for a contract with a Notional Amount of AUD 100,000) or an amount set by HML, (eg. USD 1,000 per Contract of 100,000 units of the trading currency). HML will tell you what Initial Margin is required before you trade. HML may vary the Initial Margin at its own discretion.

InterBank Classic Platform

This is one of the platforms HML allows some clients to use. A minimum contract size of 500,000 or above, of a particular trading currency is required for opening new positions in this platform.

Margin Level

The equity or balance of funds in your account.

New York Time

New York Eastern Standard Time.

Notional Contract Amount or Notional Amount

This refers to the value of your contract, which is only notional because you don’t have a legal right to the full amount. For example, if your Initial Margin is USD 1,000 which is only 1% of the Contract size, then the Notional Contract Amount (or Notional Amount) is USD 100,000.


Product Information Statement.


Includes a director or employee of HML, and a director or employee any company related to HML, as well as any other entity that is appointed as an authorised Representative of HML.

Spot Rate

The price that currency, index, commodity or other asset is quoted at, for an immediate "on the spot" transaction.


Foreign exchange, index, commodities or other asset (eg. shares) transactions incur costs relating to the Spread between the bid price and ask price. The "bid price" is the price at which we are willing to notionally buy currency, indices, commodities or other assets from clients and the "ask price" is the price at which we are willing to notionally sell to clients. This price difference is called the “Spread”. The price difference of this Spread will depend on factors such as the size and value of the transaction and prevailing market rates. This Spread is paid by you, but is incorporated into the quoted rates and is not an additional charge or fee payable by you above those quoted rates.

Stop Loss Order

An order by the client to close out a Contract when a certain profit or loss is incurred in the client’s open position.


This refers to “2 Business Days after the trade day”.

Total Return Index

This refers to an index that measures the performance of the securities in the index by assuming that all dividends are reinvested. The S&P 500 is an example of a Total Return Index.


發行人: Hantec Markets Limited

地址: 1276, Kumul Highway, Port Vila, Vanuatu, Republic of Vanuatu


電話: +852-2214 4183

瓦努阿圖金融服務牌照號碼: 40318




Hantec Markets Limited(HML、本公司),是本產品信息聲明(「本聲明」)中所述產品的發行人。閣下如對本文件有任何疑問,請聯絡本公司。本公司的聯絡資料詳列於本聲明開端。


本文件及相關文件在任何未獲授權的要約或邀請中,或在沒有資格進行要約或邀請的人或向其提出的要求的任何司法管轄區中均不構成要約或邀請。 是非法的。在需要逐步採取行動的任何轄區中,尚未採取任何行動允許此類取代。


. 向閣下提供有關資訊,讓閣下決定本公司所提供的產品是否切合閣下的需要;
. 解釋本公司的產品所涉及的條款及條件、權利及義務;及
. 協助閣下比較不同產品。


提示:產品信息聲明所列出的交易種類涉及潛在的利潤及虧損風險,而利潤或虧損金額可能遠遠超過閣下就任何買賣或交易最初投入的金額。由于我們的大部分產品具有高杠杆性,其虧損的風險非常高。外匯價格, 證券或商品價格水平的變動受到來自全球各地的多種不同因素影響,而其中許多因素都屬於難以預測。外匯價格或商品價格水平的劇烈變動可能導致市場作出反應,令閣下無法處理不利的交易。HML無法保證閣下在交易中可能蒙受的最高損失金額。








. 首先,閣下需要在HML開立交易賬戶。
. 之後,閣下需要以基準貨幣將最初保證金存入新開立的HML賬戶,方可開始交易。視乎所使用的平台,閣下必須以下列兩種方式存入最初保證金。
2) 閣下可按某個金額(例如就每張100,000個交易貨幣單位的合約存入1,000美元)存入保證金:

然後,閣下便可進行交易。閣下可以買入合約,合約是從標的貨幣,貨幣對或貨幣指數衍生價值的金融產品。HML會為閣下提供合約價格的報價。合約大小可以是等於或大於1,000個特定交易貨幣單位的任何金額,惟InterBank Classic平台要求的合約大小下限為500,000個特定交易貨幣單位。閣下可通過HML的網上交易平台開立合約與HML進行交易。閣下實際買入的是合約而非資產本身。


. 閣下可選擇何時在市場上透過反向操作將合約賣出(「平倉」),目的是當資產以與預期一致的方向變動時賺取利潤。
. 從交易產生的盈利或虧損將會記入閣下的賬戶或從閣下的賬戶中扣除。
. HML設有交易規則(包括「強制平倉」及一項最初保證金規定),以保障 HML免受損失。交易規則亦有助降低(但不能避免)閣下的損失將會超過閣下所存入款項的風險(請參閱下文「重大風險」一節)。有關交易規則載於HML條款及條件協議書,名為“操作客戶賬戶”的章節。
. HML通常按T+2基準進行交易結算。這是全球通行的標準,即交易日期加兩個營業日。當進行貨幣交易時,營業日的定義取決於閣下所交易的貨幣。請參閱詞彙中關於「營業日」的詳細定義。


假設在客戶X買入合約後,歐羅兌美元下跌,而歐羅兌美元匯價於當日下跌至1.2370水平。該客戶的賬面利潤或虧損(以美元計算)將會是-4,500美元((1.2370-1.2820)× 100,000)。



假設在上述例子中,客戶X並無存入額外資金以提高其賬戶的保證金水平。同時假設HML將平倉水平定為最初保證金的30%(1,282美元× 30% = 384.60美元)。最後,假設歐羅兌美元匯率從1.2370持續下跌至1.2358。
客戶X的保證金水平將從500美元進一步下跌至380美元。客戶X的賬戶中的賬面利潤或虧損將為-4,620美元((1.2358 - 1.2820)× 100,000)。

平倉後頭寸目前低於規定的最初保證金(1,282美元)的30%,即 384.60美元,因此HML會以目前的市場匯價售出一張歐羅/美元合約,為客戶X平倉。假設目前的市場價格進一步下跌至1.2355。











槓桿比率= 目前金價( 美元 ) X 合約金額( 盎士/合約 ) X 合約張數








6. 證券指數

證券指數的交易方式與外匯交易方式相同, 除標的資產為證券指數以外。以ASX200指數,富時100指數及納斯達克100指數為例。証券指數價格是以發行國的貨幣報價。



客戶X認為 ASX200 在未來將會上漲,他在HML的保證金交易賬戶中 存入5,000美元, 並且以5500美元的現貨價格買入2張 ASX200合約。 在這個例子中,如購買一個ASX200合同,HML需要80美元的初始保証金(USD80* AUD/ USD),因此客戶 X購買2張ASX200合同需要支付160美元初始保證金 。

假設ASX 200指數在一天當中從5,500美元升至5,510 美元,客戶X的賬面盈虧則是20美元(計算公式 為5,510*2 – 5,500*2)。


槓桿比率 = 目前ASX價值(美元)X 合約張數 / 初始保證金

客戶X通過使用本公司的保證金交易服務,為買入兩份 ASX200指數差價合約而存入160美元的初始保證金, 將其投資頭寸放大了68.75倍(11000/160)。

因此,在這個情況中,客戶X由相關標的指數相對較小的 價格變動,而賺取較大的盈利。這種情況的出現是由於保 證金交易具有放大效應。但是如果ASX200指數價格下跌 ,客戶X也將承擔較大的損失。


當遇一支股票的除息日時,理論上這一支股票的價格應減去 這段時期內應放股息紅利數。在實踐中,並不總是這樣,因 為一支股票的價格受很多市場因數影響。現金指數差價合約 下跌的價格依賴於指數中這一支股票的權重。如果一個指數 差價合約中有多家股票在同一日除息,那麼下跌價格或“下跌 點數”可能是這些股票股息紅利的總和。


如果閣下的保証金水平下降至低於HML設定的預定水平HML(如初始保証金的30%或名義合同金額的0.3%),或者如果HML行使其絕對酌情權,那麼麼HML有權在不通知 閣下的情況 下,以當前的市場價格為 閣下平倉。HML之所以這麼做是為 了降低交易風險,由此實現的虧損將從 閣下在HML的賬戶資 金餘額中扣除。如果全部賬戶餘額不夠彌補該損失,那麼賬 戶餘額扣除為零之後餘下的部分仍由 閣下負責。 請參照在本PIS中的“外匯交易,貨幣對及貨幣指數”一節中的“ 強制平倉例子”。如果該資產的標的資產是証券指數,將會以 同樣的方式強制平倉的操作方式相同。









本公司的網站主頁載有清晰的連結,提供更多有關本公司網 上交易平台的詳情。請瀏覽本公司網站,免費索取有關文件。如閣下未能瀏覽本公司網站,請與本公司聯絡。



a) 重大優點

i. 對沖
ii. 投機
除了使用本公司的外匯交易設施作為風險管理工具外,閣下更可對不斷變動的資產價格進行投機買賣。 閣下可以了解某一個或多個特定市場的情況,並繼而根據 閣下的看法而投資於外匯或商品。假如閣下已平倉並賺取利潤,則該利潤會在閣下的賬戶中顯示,閣下更可提取有關利潤。投機者透過預測市場動向,並購買對其本人並無實際用途的貨幣,指數,商品或其它資產,意圖賺取利潤。上述外匯交易的例子顯示客戶正在進行投機買賣的交易,而該客戶是深信市場將會朝著某一特定方向而行。
iii. 隨時參與外匯市場
當閣下使用本公司的網上交易平台,即進入了一個每日24小時不斷更新的系統。 閣下亦可以每日24小時以賬戶及頭寸進行買買。
iv. 即時連續更新報價
本公司的網上交易平台提供每分鍾更新的報價。 閣下可以即時查詢 閣下的賬戶和頭寸,亦可根據即時資訊進行交易。
v. 全面控制閣下的賬戶和倉位
當閣下使用本公司的交易設施時,本公司容許閣下在買賣時設定止蝕單。這意味著假如市場以不利於閣下的方向變動,則本公司將根據 閣下的止蝕指令平倉。然而,請參閱以下的風險提示(ii),其中特別指出,在反覆波動的市場中,本公司可能需要在超過止蝕限額後方能為閣下的頭寸平倉。假如發生這情況,閣下損失的金額可能超過存入的金額。。

b) 重大風險

i. 無法預料的環境
倘本公司由於本公司不能控制的原因而無法履行對閣下的責任,本公司會嘗試退回閣下所付的任何資金。於市場騷動期間,倘在相關金融市場交易屬不切實際或不可能,本公司亦可能會暫停履行對 閣下的責任。倘發生任何該等事件,本公司會通知閣下。
ii, 市場波動
iii. 市場風險
iv. 槓桿風險
v. 交易對手風險
vi. 銀行風險
. If our bank (or a bank in which funds are held on our behalf) becomes insolvent then we may not be able to meet our obligations to you.
vii. 市場資訊
viii. 系統風險
ix. 使用及訪問本公司的網頁
閣下負責提供及維護用於訪問本公司的網頁的工具。其中包括但不限於,個人電腦 、modem或其他閣下可使用的接入系統。
網絡一般可予以信賴,但是技術問題或其他狀況可能延遲或阻止 閣下訪問本公司的網頁。若閣下不能訪問網絡,亦因此不能使用本公司的網上工 具,則可能意味閣下在有意買時不能進行資產買賣,並因此承受損失。
x. 網絡安全風險
網絡安全風險是對全球企業的主要威脅。 我們不能保證第三方不會干擾我們的網站和交易設施,也不會干擾我們使用的第三方提供的技術。 這意味著閣下可能會遇到由任何第三方引起的問題。 例如:-未經授權訪問我們或閣下的IT系統或設備,數據洩露,業務中斷,定價訊號錯誤或無法訪問閣下的帳戶或平倉頭寸。 在最壞的情況下,可能會發生財務損失。 我們認真對待這一風險,並通過持續監控我們的IT系統,保護和備份措施(包括病毒防護軟件)來進行管理。 閣下可以通過確保閣下擁有用於訪問我們交易設施的設備的最新軟件,並確保使用機密和安全的強密碼來限制風險。
xi. 時延和電子報價風險
xii. 第三方交易
. 閣下不能控制交易因而遭受經濟損失。
. 任何軟件都可能會停止工作,閣下可能因此開倉被滯,因而遭受經濟損失。
. 閣下可能損失超過初始保證金。
. 這可能會導致閣下被要求補倉同時閣下可能會被強制平倉。
. 有些是由世界某些地區的欺詐或非法/地下組織提供。
. 一些由於報價時延導致的不準確報價可能令閣下的賬戶產生巨大的損失。
如果這些插件或交易服務的促銷者做出難以置信的好的承諾,那麼閣下應該避免使用它們。閣下不應該未經我們同意把帳戶的用戶名或密碼提供給第三方 -這樣做將違反商業條款。閣下對使用第三方交易的風險管理(包括損失的風險)全權負責。
xiii. 客戶資金混合風險
HML客戶的存款與HML的資金分開存放在指定的帳戶中。閣下將放棄對HML存款的任何利息的權利。 各個客戶帳戶不是彼此分開,而是集中在一起。 根據HML《條款和條件》第6節“客戶帳戶的操作”中提及,閣下的資金會存放在指定帳作中,直至閣下用作買賣合約或HML因為客戶欠款而按法律權利將資金提取。有關此風險的更多信息,請參見本PIS的第10(b)(v)和(vi)節。



費用 內容
點差費用 這是金融產品買賣價差中的差距。
佣金 如閣下使用第三者所提供的服務,閣下可能會被收取 佣金,其計算方式可能是以開倉及平倉計算的合 合約價值的百份比;也可能是按合約的張數計算; 或者是將佣金加上點差上計算。
隔夜利息 如果閣下持有隔夜的保證金合約,閣下可能要支付 利息,利息的收取或支付,會取決於合約的類型 、買賣合約的數量、貨幣對之間的利息差,以及 持有合約的時間。
兌換費用 從美元轉換成外幣的費用。 閣下可以要求HML將貨幣轉去其他金融機構。 如果閣下要求HML,本公司將會通過買賣外匯的差 價獲得報酬。
行政費用 因閣下要求而收取的行政費用,例如:重印結單、 交易紀錄、電話錄音的副本以及核數證明。
非活躍帳戶費用 因過去12個月未有進行交易而收取的年費
Hantec Markets Limited I Product Disclosure Statement




當登入後,平台將彈出多個窗口。閣下如欲進行交易,首先應從交易窗口中選擇貨幣對,商品,其他資產(如股票)或指數。例如, 閣下可以選擇歐羅/美元的貨幣組合。當閣下選定某一貨幣對,商品資產或指數後,則需要就閣下計劃買賣的合約數量,選擇閣下希望投資的金額。

HML為閣下提供「槓桿式交易」,這實際上意味著閣下可表面上借入款項以擴大閣下的交易。閣下可設定止蝕額度,將閣下的最高虧損限制為 閣下的投資價值的某個百分比。但是,如上文「重大風險(ii)」所述,閣下應理解到,受到外間因素影響,本公司可能無法遵守閣下的止蝕單,而閣下可能因此蒙受較大虧損。




12. 如何計算我們的合同價格?






13. 條款及條件



1. 本聲明
2. HML條款及條件
3. 開戶申請表


本聲明中對本公司產品使用者並無重大不利影響的資料可被更改,並可透過本公司網站(請參閱第1頁的聯絡資料)更新。閣下可於本公司網站瀏覽有關資料索取電子或印刷本。閣下亦可瀏覽本公司網站,查閱不時刊載有關本 公司產品的其他資料。與HML訂立的所有外匯或商品合約均經過口頭上或通過本公司的網上交易平台協定。除條款及條件外,通過網上交易平台遞交的指示亦構成HML與客戶間就特定交易訂立的完整合同。

HML僅提供一般建議,即意味著除非另有說明,否則有關建議不會考慮到閣下的財務目標、財務狀況或需要,而 閣下須自行決定該產品是否適合閣下。






















18. 詞彙







歐羅 - 歐盟的官方貨幣。





InterBank Classic平台











註: 中英文版本之內容如有歧義,概以英文版本為準。