Hantec Africa Pays $5m in Single Client Withdrawal 

Oluchi Chibuzor

Hantec Africa Limited has revealed it has paid a Nigerian foreign exchange trader on its platform $5m in a single client withdrawal in Nigeria.

This, according to the firm, shows client profitability while trading with them as the widest spread brokerage company in the country with over 34 years of experience of existence.

Speaking with journalists in Lagos at one day FX trading seminar, the MD/CEO, Hantec Africa Limited, Mike Fowope, said now was the best time to teach more people about the financial market and FX trading. 

According to him, the event with the theme, ‘Financial Empowerment 1.0’, was to teach people on how to trade and become profitable on the Hantec Market trading platform.

He said Hantec Africa, as the oldest in the industry and in Nigeria, showed its strength over other brokers by paying a single client who placed a withdrawal of his money.

“In fact there is no broker in Nigeria that paid a single client $5 million withdrawal, Hantec did. We have evidence in 2022 and it is verifiable . We paid over N2 billion and in fact the guy’s account has to be frozen. The guy came to our seminar in 2017 and brought in $5000 and in 18 months flipped into $6.5 million . He placed the withdrawal and we paid” he stated.

For the Executive Director, Strategy and Operations, Hantec Africa Limited, Adegboyega Shitu, more Nigerians must learn how to trade on hard currencies to reduce huge pressure on naira and its depreciation.