For this Hankotrade broker review, we extensively evaluated the broker’s platform and services. This review presents a detailed analysis of Hankotrade’s features, benefits, and drawbacks, designed to guide experienced and new traders in making informed decisions.
However, it’s crucial to remember that trading CFDs carries a high level of risk, and it’s essential to proceed cautiously. With that in mind, let’s dive into our findings on Hankotrade.
Company Details
Hankotrade is a leading brokerage company that started in 2018. They specialize in helping people trade in Forex, CFDs, commodities, and cryptocurrency. The company’s founders are a team of highly skilled traders with a wealth of knowledge and experience in investing and trading across multiple global markets.
Let’s address some of the primary features of this broker:
How Many Account Types Does Hankotrade Offer?
Hankotrade offers four types of accounts: STP, ECN, ECN Plus, and Islamic trading accounts. Individuals can easily open an account and begin trading the same day.
What is the Minimum Deposit Requirement of Hankotrade?
Traders can open an STP account with Hankotrade with a small deposit of $10. ECN and ECN Plus’s deposit requirements are $100 and $1,000, respectively.
Is Hankotrade Zero-Spread Forex Broker?
Hankotrade’s trading accounts are tightly spread, allowing traders to make the most out of their traders without worrying about additional costs. The spread on the STP account begins from 0.7 pips. In comparison, its ECN and ECN Plus accounts are zero-spread trading accounts.
Hankotrade’s trading account’s highly competitive spread effectively positions it as a zero-spread Forex broker in the trading world.
What are the Commission Charges of Hankotrade?
Hankotrade is one of the lowest-commission Forex brokers, with $0 commission on its STP account, $2 per side per $100K traded on the ECN account, and $1 per side per $100K traded on ECN Plus account.
How Much Leverage Does Hankotrade Provide?
Hankotrade provides a maximum leverage of 1:500 on all of its trading accounts. This high leverage ratio enables traders to control large market positions with relatively small amounts of capital. In this case, Hankotrade’s traders can open positions worth up to $500 for every dollar in their trading account.
Is Hankotrade a Licensed Broker?
Hankotrade operates under the regulation of the Financial Services Authority of Seychelles and fully complies with all the rules and regulations imposed by its financial regulatory authority.
Can US Traders Sign Up with Hankotrade?
Some Forex brokers may not accept US-based clients due to regulatory restrictions or other factors, but Hankotrade allows US traders to sign up and trade on their platform. This provides US traders with greater access to the global Forex market and the ability to take advantage of possible trading opportunities.
Additionally, by signing up with Hankotrade, US traders can benefit from the platform’s various trading tools and features. These include access to a wide range of Forex and CFD instruments, competitive spreads, fast execution speeds, and advanced charting and analysis tools.
Is Hankotrade Good for Beginner Traders?
Hankotrade is an excellent choice of broker for beginner traders due to its user-friendly features and competitive pricing. The broker offers a low minimum deposit of just $10, making it affordable for traders who are just starting. Additionally, Hankotrade offers tight spreads and low commissions, which means that traders can keep their trading costs low.
Moreover, Hankotrade does not charge any fees for deposits or withdrawals, which is a major benefit for traders. They can easily move their funds in and out of their accounts without incurring additional fees.
In addition to the low charges, Hankotrade provides new traders with smart trading tools to help them gain an edge in their trading and secure more profits. These tools may include advanced charting software, technical indicators, and market analysis tools.
Overall, Hankotrade’s combination of low fees, smart trading tools, and affordable minimum deposit make it an ideal choice for beginner traders looking to gain Forex trading experience.
What are the Major Benefits of Signing Up with Hankotrade?
- Affordable Trading Experience
Hankotrade offers traders an affordable trading experience with its highly competitive pricing structure featuring tight spreads and low commission fees. The broker’s tight spreads mean that traders can execute trades with minimal price differences between the bid and ask price, making it easier to achieve their trading goals.
Furthermore, Hankotrade’s low commission fees make it a cost-effective solution for traders looking to execute trades at a lower cost than many other brokers. The combination of tight spreads and low commission fees provided by Hankotrade turns into significant savings for traders.
- Broker Deposit Bonus
Hankotrade offers a broker deposit bonus program that enables traders to receive a 100% deposit bonus. To participate, traders must deposit a minimum of $100. Upon registration and funding of the account, Hankotrade will verify the trader’s account details and credit the bonus on the same day.
This bonus is provided as a trading margin, which allows traders to increase their position size and access better trading opportunities than their current funds would allow. By taking advantage of this program, traders can significantly boost their trading capital and potentially increase their profits.
- Exceptional Customer Service
Hankotrade provides exceptional customer service to its clients, offering multiple channels for traders to contact the broker. Clients can contact the broker via a contact form, call, or live chat for quick and convenient assistance.
Many traders have appreciated the broker’s excellent customer service in Hankotrade reviews posted on reputable websites.
Hankotrade prioritizes its commitment to providing its clients with a positive trading experience, with a particular focus on its customer service. Through various contact channels and responsive staff, traders can rest assured that they will receive the necessary support to succeed in the markets.
Hankotrade’s Swift Withdrawal System
Hankotrade boasts an efficient withdrawal system that prioritizes seamless and timely transactions. Traders can expect a smooth and hassle-free process when withdrawing their funds.
The platform’s commitment to quick processing ensures that clients don’t have to endure prolonged waiting periods, and they can access their requested amount within 2 to 3 hours.
Hankotrade’s efficient withdrawal system has garnered positive user feedback, making it a reliable choice for managing investments and easily accessing funds. The following are some of the reviews shared by the verified traders on different platforms:
Proof of Withdrawals from Actual Traders
Unfortunately, many bogus brokers in the market never send the funds back to the traders. They devise countless excuses and refrain from returning the money to the account holder. Plenty of traders have reported such incidents on the internet.
However, Hankotrade endeavors to swiftly process all the withdrawal requests and transfer the payment to traders within a few hours. The following are the screenshots of the withdrawal update emails shared by real clients of Hankotrade.
Hankotrade Review: Final Thoughts on Hankotrade
Hankotrade is an exceptional broker that caters to both novice and seasoned traders. With various account types, competitive spreads, and low commission rates, traders can enjoy the best trading with this broker.
Hankotrade offers a demo account to ensure traders make informed decisions by testing the broker’s services and features without risking real funds. This feature allows traders to explore the broker’s functionalities and align them with their trading preferences and goals.
By choosing Hankotrade as your broker, you can experience the ultimate trading experience and take advantage of its exceptional features and services. Sign up today and start your trading journey with confidence.
