Hankotrade is a multi-asset broker established in 2018, offering to trade in CFDs, cryptocurrencies, forex, and indices. The broker is registered by the Financial Services Authority (FSA) in Seychelles, providing traders with security and reliability.
One key feature that sets Hankotrade broker apart from its competitors is its reputation for offering some of the lowest spreads and commissions in the market. This has contributed to the broker’s growing popularity among traders looking for a cost-effective and efficient trading experience.
This Hankotrade review will walk you through its features, services, and customer feedback. We will examine its trading platforms, range of instruments, account types, fees, regulations, and customer support. By the end of this review, you will better understand Hankotrade’s strengths and weaknesses and be able to make an informed decision on whether to trade with this broker.
Top Features of Hankotrade
1. Lowest Commission Forex Broker
Hankotrade charges a nominal commission on trading accounts, starting from $0 on the STP account to $1 per side per $100K traded on ECN Plus accounts. The low commission charges make Hankotrade a fantastic option for beginner traders who wish to maximize their profit and cut additional costs.
2. Zero-Spread Forex Broker
Another attractive feature of Hankotrade is its low spread values on trading accounts. The spreads begin from 0.7 pips on the STP account. Whereas its ECN and ECN Plus accounts have zero spread, allowing traders to enter or exit the market without incurring additional charges.
3. High Leverage
Hankotrade provides a leverage ratio of 1:500, which enables traders to open bigger positions and maximize the potential for huge profits.
4. 100% Deposit Bonus
The company offers a 100% deposit bonus for new clients who open a trading account and make their first deposit.
With the 100% sign-up bonus, clients can receive a bonus equal to their initial deposit, doubling their trading capital. For example, if a new client deposits $500, they will receive an additional $500 bonus, giving them a total trading capital of $1,000.
5. Quick Customer Support
Hankotrade offers multiple ways for clients to reach out to their customer support team, including a contact form, phone support, Skype, and live chat on their website.
The customer support team of Hankotrade has a reputation for promptly addressing and resolving any issues or concerns that clients may encounter. Whether it’s a query about trading platforms or a trade execution problem, clients can rely on the availability of Hankotrade’s customer support team to get instant guidance and assistance.
What Is the Minimum Deposit Required to Open an Account with Hankotrade?
The minimum deposit requirement to open an account with Hankotrade is $10. Traders can start with this amount and open an STP account, which offers zero-commission trading with spreads as low as 0.7 pips.
How Many Trading Platforms Does Hankotrade Offer?
Hankotrade offers two popular trading terminals, namely MetaTrader4 and MetaTrader5, to its clients. Both trading platforms are available in web, desktop, and mobile applications, enabling traders to access the trading market anywhere and anytime.
MetaTrader4 is a popular choice among traders, providing excellent speed, execution, and flexibility. On the other hand, MetaTrader5 is an advanced version of MT4, offering a trader-friendly UI, multiple technical indicators, and smooth execution of complex strategies to enhance traders’ performance.
Is Hankotrade a Regulated Broker in The United States?
Hankotrade is a broker licensed and overseen by Seychelles’s Financial Services Authority (FSA). As a licensed broker, Hankotrade adheres to all the rules and regulations set by the FSA, including client fund protection and anti-money laundering policies. This means that clients can feel confident that their investments are secure and that they are trading with a reputable and trustworthy broker.
While Hankotrade is not regulated by financial authorities in the United States, U.S. traders can still trade with Hankotrade.
How Long Does It Take for Hankotrade to Process Withdrawals?
Hankotrade aims to process withdrawal requests as quickly as possible. In most cases, traders can expect to receive their funds within 4 to 8 hours of making the request. Besides quick withdrawals, Hankotrade doesn’t charge any withdrawal fees on their client’s accounts.
Hankotrade Customer Reviews
Numerous traders have shared their positive experiences with Hankotrade on various credible review forums. The broker’s competitive trading conditions, efficient customer service, and fast withdrawal processing times have garnered praise from many traders.
Additionally, the user-friendly trading platforms and diverse selection of trading instruments have also been noted as positive aspects of the broker. The following positive reviews from traders indicate that Hankotrade is a trustworthy and reliable broker that provides a satisfying trading experience.
Hankotrade Customer Reviews
The positive hankotrade reviews from traders indicate that Hankotrade is a reliable and trustworthy broker that provides a positive trading experience.
Is Hankotrade a Profitable Broker?
Hankotrade is a profitable broker for traders due to its low spreads, nominal commissions, negative balance protection, and high leverage of up to 1:500. These factors can help traders reduce costs, protect their capital, and potentially earn larger profits. However, traders should always evaluate their risk tolerance before investing, as trading always involves risks.
It’s important to note that while Hankotrade can increase the chances of success, the success or failure of a trader’s endeavors in the trading world depends mostly on their individual trading strategies and skills. Even the best broker cannot guarantee pro 100% success, as trading always involves risks.
Hankotrade Review 2023: Final Verdict
Hankotrade has been providing trading services to traders since 2018 and is a viable option for those new to the forex trading industry. The broker’s minimum deposit requirement is affordable, and its spreads and commissions are competitive.
After thoroughly examining Hankotrade’s features and customer reviews, we can confidently say that it is a reputable broker that offers various trading instruments, bonuses, and commissions to enhance the trading experience.
You can visit their website for more information about Hankotrade’s policies and terms. To better understand this broker, open a demo or their STP trading account with a small deposit of $10.