Hantec Markets has expanded into Latin America by establishing a new office in Santiago, Chile. It came as a part of the broker’s expansion and development plans to strengthen as a global brand.
The new office will serve as the Latin American Hub of the brokerage, according to the official press release shared with Finance Magnates. It will offer leveraged trading services with forex , bullion, equities and commodities.
“Our expansion into Latin America is an important point of emphasis for Hantec Markets that will boost our global presence,” Hantec Markets’ LATAM Business Development Director, Andrew Speakman said.
A Global Broker
Hantec is a prominent forex and contracts for differences (CFDs) broker brand. It is regulated in the United Kingdom, Australia, Japan, Hong Kong, Jordan and Mauritius.
The UK entity of the broker group reported a total turnover of £7.9 million for 18 months between July 2019 and December 2020, which was 36 percent higher annually. It ended the period with a net profit of £340,266.
Despite the impressive numbers, the UK arm is not focusing on local expansion. Instead, the group is looking into overseas opportunities.
“We wanted to move into one of the largest financial centers in the region, and Chile has experienced a fintech boom in recent years. Now with our services available, we hope to continue this momentum and empower more financial freedom for people living in Latin America,” Nader Nurmohamed, the Chief Operating Officer at Hantech Markets, said.
Meanwhile, Hantec Markets is focused on strengthening its brand. The broker partnered with Haas F1 Team last August as part of its global rebranding campaign.
“We are a global company with established success in different regions around the world,” Nurmohamed added. “This is a time of growth at Hantec Markets, and to be honored by awards while scaling our business to larger audiences shows we are capable of continuing to grow while still maintaining the core values that have led to our success.”
