Hankotrade Review 2024: Is Hankotrade Broker Legit or True Scam
Hankotrade
- API Support – REST API, JAVA API, FIX APII. Customisable and Flexible Workspace. Multiple modes of trading. Better ChartingIMulti-Window Platform. Supports Cryptos and price quotes up to 8 decimal places. Compatible with multiple EAs, Indictors and Algorithms (powered by Act). Customisable Platform time to suit trader’s local time 11 time frames, 4 Pending Order types 48 Default indicators, 18 analytical objects. Clearer Swap Values in USD (instead of points). Visual Algorithmic Trading (one of a kind). In built Multi Account Manager. Detachable Windows. Language Translator
Details
| Broker | Hankotrade |
|---|---|
| Website URL | hankotrade.com |
| Founded | 2019 |
| Headquarters | Blake Building, Corner Houston & Eyre Street, Belize City, Belize |
| Support Number | NO |
| Support Types | Live chat, Email, Contact Form |
| Languages | English |
| Trading Platform | HankoX, ECN, ECN Plus |
| Minimum 1st Deposit | $10 |
| Minimum Account Size | $10 |
| Minimum Trade Amount | 0.1 |
| Maximum Trade Amount | $100k |
| Bonus | Bonus |
| Payout | N/A |
| Leverage | 1:500 |
| Spread | 0.7 pips |
| Free Demo Account | Open Demo |
| Regulation | N/A |
| Fees |
 |
| Fee Info | $0.02665320 on Round Up |
| Commission Info | Zero |
| Account Types | STP, ECN, ECN Plus |
| Deposit Methods | Cryptocurrencies |
| Withdrawal Methods | Cryptocurrencies |
| Trading Methods | HankoX |
| Number of Assets | 97+ |
| Expiry Times | N/A |
| Types of Assets | 70 currency pairs, 3 cryptocurrency pairs, 8 commodities, 6 indices |
| Option Types | N/A |
| Trading Currency | GBPJPY 186.812 Bid 186.954 Ask 0.142 Spread I USDJPY 142.219 Bid 142.232 Ask 0.013 Spread , GBPUSD 1.3121 Bid 1.31376 Ask 0.00166 Spread I EURUSD 1.1082 Bid 1.10869 Ask 0.00049 Spread I NZDUSD 0.61719 Bid 0.6174 Ask 0.00021 Spread |
| Account Currency | Cryptocurrencies, USD, EUR, CAD |
| US Traders Allowed |  |
| Overall Score | 5/10 |
Pros
- User-Friendly Interface: Often praised for its intuitive and accessible platform design, which is helpful for both beginners and experienced traders. I Diverse Asset Range: Provides access to a variety of trading instruments, including forex, stocks, commodities, and cryptocurrencies. I Advanced Tools: Includes technical analysis tools and features that can aid in making informed trading decisions. Educational Resources: Offers educational materials and resources to help users improve their trading skills and knowledge.
Cons
- Regulatory Concerns: Depending on the region, there might be concerns about the regulatory oversight and the platform's compliance with local financial regulations. I Fees and Charges: May have associated fees or spreads that could impact trading profitability. It's essential to review the fee structure carefully. I Customer Support: Some users might find the quality of customer support lacking or slow to respond. I Platform Stability: Like any trading platform, there could be occasional issues with platform stability or performance, which can affect trading
Hankotrade Review 2024: Is Hankotrade Broker Legit or True Scam? Just like pocket option broker, many people are scared of investing in hanko trade but this review will help you decide if it’s the best option.
Hankotrade Review 2024 
Hankotrade is a forex & CFDs broker, providing trading services to both retail and professional investors. With hankotrade, you can trade CFDs on currencies, metals, and cryptocurrencies.
The broker claims to ensures transparency thereby offering STP (straight-through processing) system for market execution. Hankotrade gives you opportunity to explore the power of low spreads combined with the supreme technology.
The platform is built by professionals and managed by trained individuals. Thus their customer support take care of common mistakes and trading challenges.
HankoTrade broker which operates under Hankotrade Global Markets Limited is a company located at Blake Building, Corner Houston & Eyre Street, Belize City, Belize.
The broker offer a simple to use trading platform with demo to start before investing. Most importantly, the benefits of the platform is huge but we are going to mention the important part. Please read hankotrade review and contribute here by sharing your experience It will enable guide others.
Hankotrade account types
Hanko trade offers traders variety of account, thereby helping them to make a choice before entering the forex market.
Therefore, if you have decided to start trading with hankotrade, you might start with any of these account listed below:
STP (straight-through processing): This account type gives you access to global markets and commision-free. However the minimum deposit is $10 and available base currencies include USD, EUR, CAD.
The spreads is from 0.7 pips while max leverage, 1:500. This account offer negative balance protection with minimum Lots 0.01. However there’s no commission and you get swap-free Islamic account option.
ECN: Take advantage of tight spreads and competitive commissions. Hankotrade use electronic communications networks to match sellers and buyers. However the minimum deposit on the account is $100 which is good a bit.
While the available Base currencies are USD, EUR, CAD spreads is from 0.0 pips. Max Leverage is 1:500 and comes with negative balance protection. The minimum Lots is 0.01 and commission is $2 per side per $100k trade. More-so the account offers swap-free Islamic account option.
ECN Plus: Hankotrade make the most of your trading with ultra low commissions. Therefore, this account minimum deposit is $1,000 and available base currencies is USD, EUR, CAD.
Their spreads is from 0.0 pips with max leverage up to 1:500. More-so in this account, you get negative balance protection and minimum Lots is 0.01. However the commission is $1 per side per $100k trade and swap-free Islamic account. See olympbot trading platform and see if they are legit.
Is Hankotrade Regulated?
Hankotrade broker is not regulated however they claim to be the best True ECN broker. Well, while others say it’s not legit we can say that hankotrade have the intention of providing a good trading platform.
However they have limited tools to do that now. This is because the company is new and have little resource to cater for expensive tools. Thus our Conclusion is based on experience and thorough research on the service they provide.
If you are looking for a good broker that is regulated, you should go for brokers which operates under the rules of the known regulators.
Hanko Trade Platform
When choosing a broker, it’s very important to consider the risk management system. Hankotrade offer an easy to navigate platform start from registration. Therefore trading with hankotrade platform seems to be as simple as ABCD, good as they claim.
The broker offer an inbuilt trading platform which start from hankoX:
HankoX: This is one of the oldest and highly reputed forex trading platforms. The Hedge-funds and High-frequency Trading Companies, as well as reputed brokers use it mostly. Hankotrade broker offer this platform which they claim is the best choice for traders.
However, the platform comes with excellent liquidity connectivity. Act Trader terminal can throttle up to 100 ticks per second per instrument. The platform gives you access to API Support – REST API, JAVA API, FIX API. Thus, you will have dashboard for Customisable and Flexible Workspace.
On the software, you get multiple modes of trading, better charting, Multi-Window Platform, Supports Cryptos and price quotes up to 8 decimal places. The platform is compatible with multiple EAs, Indictors and Algorithms (powered by Act).
More-so, there’s a customisable Platform time to suit trader’s local time, 11 time frames, 4 Pending Order types. There’s 48 default indicators, 18 analytical objects, Clearer Swap Values in USD (instead of points).
You will equally get visual algorithmic trading (one of a kind), in built multi account manager. Finally a detachable windows and language translator.
Customer Support
Hanko trade offer customer support which range from livechat, email and contact form Therefore if you are planning to start trading with Hanko Trade broker, you have multiple support service.
If there’s anything you need to know, you can contact the broker via email support@hankotrade.com.
For critical reasons, you can visit the brokers Office location at blake Building, Corner Houston & Eyre Street, Belize City, Belize.
In the process of hankotrade review, we noticed that they didn’t provide support via phone or we didn’t see it. However all support service are via the options above and it’s 24/7 support. Start investing profitably with reliable platform.
Overall: Is Hankotrade Regulated?
Hankotrade is not regulated, while we will conclude our Hankotrade review by telling you not to invest in the platform. Hanko Trade broker is new, not regulated, not legit and not well built. Therefore if you decide to trade with the broker, you face the risk of loosening all in a dhort period of time. This is because it’s a STP trading software and carries high risk. Secondly, the broker have bad reviews from traders, thus we can’t guarantee your investment in the platform. Hankotrade broker look good when you visit the platform, it’s quite simple to start with just few clicks. However when umyou land in the platform dashboard it’s as good as investment platform. Compare broker with iqcent broker.
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