Hankotrade is a reputable Forex, CFD, and Cryptocurrency broker founded in 2018 by a group of experienced traders. The broker is headquartered in Mauritius and is regulated by the Financial Services Authority (FSA) of Seychelles. The FSA license ensures that Hankotrade adheres to the highest standards of transparency, security, and compliance with financial regulations.
According to Hankotrade’s website, it aims to provide a distinctive trading environment for both individual and institutional clients, with a diverse range of investment offerings to cater to their specific needs. Hankotrade’s advanced trading platform, competitive pricing, and exceptional customer service have made it a popular choice among traders worldwide.
This comprehensive Hankotrade review discusses the broker’s features, services, and commission to help you decide if it’s the best trading broker for you.
Hankotrade’s Investment Offerings
Hankotrade provides a wide range of investment options to its clients. Here are some of the trading instruments that are available on its platform:
- The broker offers trading in 62 major and minor currency pairs.
- It allows clients to trade in precious metals and energy products, such as UK Oil and WTI Crude.
- Traders also get access to 11 major international stocks.
- Hankotrade also allows trade in several major cryptocurrencies, including Bitcoin and Ethereum.
A Breakdown of Hankotrade’s Account Types and Charges
These commission and spread charges are important for traders when choosing the right account type for their trading needs.
Hankotrade distinguishes itself from other brokers by offering comparatively low commission rates, making it an attractive option for traders seeking to minimize costs. In fact, it’s been recognized as one of the lowest commission Forex brokers in the market.
Hankotrade offers three account types: STP, ECN, and ECN Plus. Each account type comes with a different commission and spread charge structure.
STP accounts are commission-free, meaning traders will not incur any commission charges on their trades. However, there is a spread charge of 0.7 pips per trade.
ECN accounts, on the other hand, have a commission charge of $2 per side per $100K traded. This commission is in addition to the spread charge, which is 0.0 pip per trade.
Finally, the ECN Plus account type has a lower commission charge of $1 per side per $100K traded. Similar to the ECN account type, there is a spread charge of 0.0 pip per trade.
Hankotrade’s Deposit, Withdrawal, and Inactivity Fee Policy
Hankotrade’s fee policy is transparent and easy to understand, which may aid traders in managing their trading expenses more effectively.
There are no hidden fees for deposits and withdrawals. This implies that traders can easily deposit or withdraw funds from their trading accounts without incurring additional expenses.
Moreover, Hankotrade does not impose fees for accounts that have remained inactive for a specific time. This feature can benefit traders who may not be actively trading for a while, as they will not be charged any fees during this time.
Hankotrade’s High Leverage Ratio for Better Trading Opportunities
Hankotrade offers leverage of 1:500 for traders, allowing them to increase their trading potential and maximize their profits. With this leverage, traders can trade with 500 times more than the amount they have in their account, enabling them to open larger trades and potentially generate greater returns.
Is Hankotrade Regulated in the USA?
Hankotrade is licensed and regulated under the jurisdiction of the Financial Services Authority (FSA) Seychelles. Hankotrade strictly adheres to and follows all the guidelines set forth by this authority.
It is important to note that even though Hankotrade is not regulated in the USA, it is still licensed and considered safe to trade with. It is common for brokers to be licensed and regulated in countries outside of the USA and still offer their services to US-based traders.
Can U.S. Traders Trade with Hankotrade?
Yes, US traders can trade with Hankotrade. The broker accepts traders from the USA, and many US-based traders are already its customers.
The broker has implemented robust security measures to ensure that all traders’ personal and financial information is always protected. Hankotrade uses advanced encryption technology to secure its trading platform and protect traders’ sensitive data from potential cyber threats. In addition, the broker follows strict anti-money laundering (AML) and know-your-customer (KYC) policies to prevent fraud and unauthorized access to traders’ accounts.
In short, US traders can confidently trade with Hankotrade, knowing that the broker is committed to providing a secure and reliable trading environment.
Hankotrade’s Deposit and Affiliate Programs for Traders
Hankotrade offers a 100% deposit bonus. When traders deposit funds into their trading account, Hankotrade credits an equivalent bonus amount to their account. The bonus can be used to enhance trading positions and expand resources.
Besides this deposit bonus, the broker also offers an ‘Introducing Forex Broker’ program that rewards existing clients for promoting the broker to potential new traders. Clients can become sub-brokers and market Hankotrade to their social circle to earn a commission on new traders who sign up through their recommendations.
Also Read: The Power Of Customer Reviews
Is Hankotrade a Fully Reliable Broker?
Hankotrade is a reliable broker serving thousands of clients since its inception in 2018. Many traders appreciate the broker’s transparency in fees, spreads, and other offerings, which is a positive sign.
If you’re considering using Hankotrade as your broker, we encourage you to review the screenshots below. These reviews can provide valuable insights into the experiences of other traders and help you make an informed decision.
Hankotrade Client Reviews on Trustpilot.com
Hankotrade has received over 500 reviews and a rating of 4.8 stars on Trustpilot.com, considered one of the biggest and legit review posting forums.
Hankotrade Client Reviews on Forbino.com
Hankotrade Client Reviews on Slasdot.org
Hankotrade Client Reviews on Brokerxplorer.com
Hankotrade Client Reviews on Fx-list.com
Hankotrade Broker Review: In a Nutshell
Hankotrade is a legitimate and trustworthy broker with a solid track record of serving thousands of clients since 2018. The broker’s transparency in fee, spreads, and other offerings are highly appreciated by many traders, and they have good investment offerings and competitive commissions.
If you’re looking for a reliable broker to trade with, Hankotrade could be a good option to consider. By opening an account with Hankotrade, you can experience what this broker can truly do and potentially benefit from its investment opportunities.