Hankotrade Review

Hankotrade is an offshore services provider that emphasizes security and trust for its users. With an impressive Trust score of 90 out of 99, it distinguishes itself as a dependable trading platform.

🛡️Unregulated Offshore Forex Broker
🛡️1981 new traders chose this broker in the last 90 days.
🛡️Available for global Traders.

Overview

Hankotrade, founded in 2010, is an offshore services provider catering to a diverse range of traders, including professionals, active traders, and beginners. With a dedicated staff of 150 and a community of 50,000 active traders, the platform prides itself on offering competitive spreads and low fees.

Despite being unregulated, Hankotrade ensures a high level of security with features like account segregation, negative balance protection, and investor protection schemes. It offers a variety of account types, including STP, ECN, and Islamic accounts, with a minimum deposit requirement of just $10 for STP accounts.

Traders can access over 200 CFDs, a responsive customer support system, and various educational resources, although the latter are somewhat limited.

Frequently Asked Questions

What is the withdrawal processing time?

Withdrawals typically take 3-5 business days.

Are there any withdrawal fees?

No, there are no fees for withdrawals.

What are the spreads like?

Spreads start from 0.1 pips.

What commissions does Hankotrade charge?

Commissions are $5 per lot.

Our Insights

Hankotrade’s low fees and competitive spreads make it an attractive choice for cost-conscious traders. Moreover, the platform provides essential security measures, including negative balance protection and account segregation, enhancing user trust.

Detailed Summary

Frequently Asked Questions

What is the most notable disadvantage of Hankotrade?

The educational resources provided are limited.

What types of accounts are available?

Account types include STP, ECN, ECN Plus, and Islamic accounts.

What is the minimum deposit requirement?

The minimum deposit for STP accounts is $10.

How long does it take to process deposits?

Deposit processing takes 1-3 business days on average.

Our Insights

With multiple account types available, Hankotrade caters to a wide range of trading styles and preferences. Furthermore, the availability of live chat and email support ensures that traders can receive assistance promptly when needed.

Advantages over Competitors

Hankotrade stands out from its competitors primarily due to its highly competitive spreads and low fees, making it a cost-effective option for traders. Additionally, the platform provides a range of security features, such as negative balance protection and account segregation, which enhance user confidence.

Its diverse account types cater to various trading styles, from beginners to seasoned professionals. The fast order execution time of 1 ms and the availability of VPS hosting for premium accounts further distinguish Hankotrade as a platform that prioritizes efficiency and reliability in trading.

Frequently Asked Questions

What leverage does Hankotrade offer?

Leverage can be as high as 1:500.

Is there an Islamic account available?

Yes, Hankotrade offers an Islamic account option.

Does Hankotrade provide a demo account?

Yes, a demo account is available.

What trading platform does Hankotrade use?

The primary platform is HankoX.

Our Insights

While Hankotrade offers some educational content, those seeking extensive learning materials may find the offerings insufficient.

Safety and Security

Hankotrade prioritizes client safety by creating a transparent trading environment. The broker informs clients about forex trading risks and provides demo accounts for all experience levels. By focusing on low spreads and dependable customer support, Hankotrade fosters a trustworthy trading experience.

The Hanko Act Trader platform employs advanced technology to secure transactions, enhancing overall safety. With 24/7 customer support, traders can navigate the forex market with confidence.

Frequently Asked Questions

How does Hankotrade ensure client safety?

Hankotrade uses advanced technology to secure transactions and provides comprehensive risk information.

Are demo accounts available?

Yes, Hankotrade offers demo accounts for both beginners and experienced traders.

What support options does Hankotrade provide?

The platform offers responsive customer support available 24/7.

How does Hankotrade keep trading transparent?

Hankotrade maintains transparency through clear communication about risks and trading conditions.

Our Insights

Hankotrade effectively combines security measures with user-friendly features, making it a reliable choice for traders seeking a safe and supportive trading environment.

Bonus Offers and Promotions

Hankotrade provides a 100% Matching Deposit Bonus for new clients, allowing them to boost their trading funds. With a minimum deposit of $100, clients can receive a match up to $25,000, increasing their available margin without risking the bonus itself.

This bonus offers flexibility in trading strategies, though clients must meet a specified trading volume to withdraw the bonus.

Frequently Asked Questions

What is the Matching Deposit Bonus?

It’s a 100% bonus on the initial deposit for new clients.

What is the minimum deposit to qualify?

The minimum deposit required is $100.

How much can I receive from the bonus?

The bonus can match deposits up to $25,000.

What are the conditions for withdrawing the bonus?

Clients must trade a specified volume before they can withdraw any bonus amount.

Our Insights

Hankotrade’s generous Matching Deposit Bonus offers new traders a significant opportunity to enhance their trading capital, making it an attractive option for those looking to maximize their margins.

Partnership Options

Hankotrade’s Introducing Broker program allows individuals and companies to earn up to 40% commission on the trading volume of referred clients. This lucrative program enables affiliates to profit by introducing friends, family, or other brokers to Hankotrade.

With competitive commission rates that surpass many forex firms, participants can boost their earnings through both direct and indirect referrals. The program’s user-friendly features and extensive trading tools facilitate the attraction of new traders, supporting growth as an introducing broker.

Frequently Asked Questions

What is the commission rate for the Introducing Broker program?

Affiliates can earn up to 40% commission on referred clients’ trading volume.

Can I refer multiple clients?

Yes, you can refer as many clients as you like to maximize your earnings.

Are there any fees to join the program?

No, joining the Introducing Broker program is free.

What tools does Hankotrade provide for affiliates?

The program offers user-friendly features and extensive trading tools to help attract new traders.

Our Insights

Hankotrade’s Introducing Broker program presents an appealing opportunity for affiliates to earn substantial commissions while leveraging robust support and resources to grow their referral network.

Account Types

Hankotrade offers various account types: STP, ECN, ECN Plus, and Islamic.

STP Account

The STP account requires a minimum deposit of $10 and offers commission-free trading with spreads starting at 0.7 pips. It supports multiple base currencies and allows scalping and hedging, making it ideal for both beginners and experienced traders.

ECN Account

With a $100 minimum deposit, the ECN account features spreads from 0.0 pips and a maximum leverage of 1:500. It charges a competitive commission of $2 per side per $100k traded, suitable for flexible trading strategies.

ECN Plus Account

The ECN Plus account requires a $1,000 deposit, offers spreads from 0.0 pips, and ultra-low commissions of $1 per side per $100k traded. It supports scalping, hedging, and has negative balance protection.

Islamic Account

The Islamic account is commission-free and designed for Muslim traders, ensuring no rollover interest on overnight positions while retaining all other account features.

Frequently Asked Questions

What is the minimum deposit for an STP account?

The minimum deposit is $10.

Are there commissions on the STP account?

No, the STP account has zero commissions.

What leverage does the ECN account offer?

The ECN account offers leverage up to 1:500.

Is the Islamic account available for all account types?

Yes, the Islamic account option is available, aligning with Sharia law.

Our Insights

Hankotrade’s diverse account types cater to different trading needs, providing options for both novice and experienced traders while ensuring competitive features and flexibility.

How to Open a Hankotrade Account

To open a Hankotrade account, follow these steps:

• Visit the official Hankotrade website.
• Choose the account type you want to open.
• Click the “Register” or “Open Account” button on the homepage.
• Fill out the required information.
• Submit the necessary documents for identity verification.
• Select your preferred payment method and make the minimum deposit.
• Once your account is verified and funded, log in to HankoX, Hankotrade’s trading platform.
• Set up your trading environment.

Finally, explore the platform, make use of the available tools, and start your trading journey!

Trading Platforms

Hankotrade offers its proprietary trading platform, HankoX, which is designed for a user-friendly experience. This browser-based platform includes essential features such as basic charting tools, various order types, and access to multiple technical indicators.

HankoX streamlines the trading process, equipping traders with the necessary tools to analyze the markets and execute trades efficiently.

Frequently Asked Questions

What is HankoX?

HankoX is Hankotrade’s proprietary trading platform designed for ease of use.

Is HankoX available on mobile devices?

Yes, HankoX is accessible through any web browser, making it available on both desktop and mobile devices.

What features does HankoX offer?

The platform includes basic charting tools, multiple order types, and a variety of technical indicators.

Can I customize my trading interface on HankoX?

Yes, traders can customize the interface to suit their preferences for a more personalized trading experience.

Our Insights

Hankotrade’s HankoX platform provides a straightforward and efficient trading environment, making it suitable for both novice and experienced traders. Its essential features empower users to analyze markets and execute trades with confidence.

Markets Available for Trade

Hankotrade provides a wide array of trading instruments, enabling access to various financial markets. Clients can trade Forex pairs, CFD stock indices, commodities, and shares, offering flexibility for diverse trading strategies.

This range allows traders to diversify their portfolios and take advantage of different market conditions, enhancing their overall trading experience.

Frequently Asked Questions

What types of markets can I trade on Hankotrade?

You can trade Forex pairs, CFD stock indices, commodities, and shares.

How does trading multiple instruments benefit me?

Diversifying your portfolio can help manage risk and capitalize on various market opportunities.

Are there any restrictions on trading specific instruments?

There are no specific restrictions; however, trading conditions may vary by instrument.

Can I access all markets from the HankoX platform?

Yes, all available markets can be accessed through the HankoX trading platform.

Our Insights

Hankotrade’s diverse range of trading instruments allows traders to implement various strategies and effectively manage their portfolios, making it an attractive option for those looking to explore different market opportunities.

Fees, Spreads, and Commissions

Hankotrade provides competitive fees and spreads across its account types, appealing to various trading strategies. The STP and Islamic accounts have zero commissions, while ECN accounts feature low spreads starting from 0.0 pips, allowing traders to maximize their returns.

This flexibility in fees and commissions benefits both novice and experienced traders seeking to enhance their trading experience.

Frequently Asked Questions

Are there any commissions on the STP and Islamic accounts?

No, both the STP and Islamic accounts have zero commissions.

What are the spreads like on ECN accounts?

ECN accounts offer low spreads starting from 0.0 pips.

How do fees impact my trading strategy?

Competitive fees and spreads can enhance profitability by reducing overall trading costs.

Are there any hidden fees with Hankotrade?

Hankotrade is transparent about its fees; there are no hidden charges.

Our Insights

Hankotrade’s competitive fees, low spreads, and zero commissions on select accounts make it an appealing choice for traders aiming to optimize their trading strategies and maximize potential returns.

Customer Reviews

🥇 Excellent Trading Experience

I’ve been trading with Hankotrade for six months, and I’m impressed by the user-friendly HankoX platform. The low spreads and zero commissions on the STP account have significantly boosted my profitability! – Chris

🥈 Great Variety of Instruments

Hankotrade offers an impressive range of trading instruments. I love trading Forex, commodities, and CFDs all in one place. This flexibility has allowed me to diversify my portfolio effectively. – Shaun

🥉 Responsive Customer Support

The customer support team at Hankotrade is fantastic! They’re always available to help and have resolved my queries quickly. It gives me confidence knowing I can rely on them whenever needed. – Daniel

Pros and Cons

In Conclusion

Hankotrade is a robust trading platform that combines competitive pricing with a user-friendly experience. While it may not provide extensive educational resources, its strong security measures and responsive support make it a reliable choice for traders of all experience levels.

The diverse account options and tools further enhance its appeal, positioning Hankotrade as a viable contender in the trading market.

References:

• Introducing Broker Option 
• STP Account 
• Trade Forex with Hankotrade

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