Score
Belize
|
5-10 years
| https://hankotrade.com/
Website
Rating Index
Influence
B
Influence index NO.1
United States 7.90
LicensesNo valid regulatory information, please be aware of the risk!
Belize hankotrade.com United States| HankotradeReview Summary | |
| Founded | 2019 |
| Registered Country/Region | Belize |
| Regulation | No regulation |
| Market Instruments | Forex, Indices, Commodities, Crypto |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 0.7 pips (STP account) |
| Trading Platform | HankoX |
| Min Deposit | $10 |
| Customer Support | Contact form |
| Live chat | |
| Email: support@hankotrade.com | |
Hankotrade is an unregulated broker, offering trading on forex, commodities, indices and cryptocurrencies with leverage up to 1:500 and spread from 0.0 pip on HankoX trading platform. The minimum deposit requirement is $10.
| Pros | Cons |
| Tight spreads | No regulation |
| With demo account | No MT4/MT5 platform |
| Low minimum deposit requirement | Few contact channels |
No. Hankotrade currently has no valid regulations. Please be aware of the risk! It provides negative balance protection.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptos | ✔ |
| ETFs | ❌ |
| Bonds | ❌ |
| Stocks | ❌ |
Here are four account types Hankotrade offers:
| Account Type | Min Deposit |
| STP | $10 |
| ECN | $100 |
| ECN Plus | $1000 |
| Demo account | √ |
| Islamic Account | √ |
The broker offers max leverage at 1:500. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.
| Account Type | Spreads | Commission |
| STP | From 0.7 pips | No |
| ECN | From 0.0 pips | $2 per side per $100k traded |
| ECN Plus | From 0.0 pips | $1 per side per $100k traded |
| Trading Platform | Supported | Available Devices | Suitable for |
| HankoX | ✔ | Web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Hankotrade does not have any charges on deposits and/or withdrawals for its clients. The broker accepts payments via Ethereum, Stellar, Litecoin, Bitcoin, Theta, Dfinity,etc. Deposit and withdrawal are zero.
Hankotrade processes all withdrawals within one working day on business days.
Reviews are important because they show you a clear picture of everything — just like a Hankotrade review, which tells you whether the broker is safe or not, what the minimum deposit is, and how many account types Hankotrade offers. Read the latest Hankotrade 2025 review and become an informed trader and investor.
Recently, WikiFX has unleashed two articles about HankoTrade and its possible downfall. In this article, we are connecting the clues to help you better understand this broker.
Amidst an unsettling climate in the online trading community, HankoTrade, a prominent trading platform, has become the subject of intense scrutiny. Recent reports and discussions on social media point to allegations of price manipulation, a critical issue in the digital trading world. These allegations, if true, could undermine the trust and integrity crucial to online trading platforms.
Hankotrade is a forex broker offering a series of financial instruments to its clients. Is this broker OK to invest in? WikiFX intends to tell you more about this broker that you may not know before.
The country's external reserves fell to $38.57 in billion as of May 25, 2022, a seven-month low, according to information acquired from the Central Bank of Nigeria. According to results, as scarcity bites deeper, the country's external reserves necessary to safeguard the naira's value are pushing banks to restrict access to foreign currency to visitors and other authorized users.
Bullions refer to highly volatile pairs such as Gold and Silver. Given the fact that the US dollar has been pegged against these two pairs, any trader who wants to make profits while trading the bullions will have to pay close attention to the dollar index. This is because the bullions move in opposite directions to the US dollar. A strong dollar index will impact the Bullions negatively and vice-versa.
Hankotrade supports a variety of payment methods, including cryptocurrencies like Bitcoin, Ethereum, and Litecoin. I find this really convenient because crypto payments are usually faster and more secure than traditional banking methods. I appreciate that Hankotrade offers flexibility, especially for traders like me who prefer using digital currencies.
In my review of Hankotrade broker, I found that it is not a regulated broker, which is a crucial factor for me when choosing where to trade. Without regulation, I don’t have the same security and investor protection that I would expect from other platforms. When I did my research, I noticed that Hankotrade platform lacks the oversight that could assure me of its legitimacy. So, to answer the question, is Hankotrade legit, I would say it’s a bit risky for me to consider trading without that assurance.
When I looked into Hankotrade broker’s fees, I found that the STP account offers spreads starting at 0.7 pips with no commissions. For ECN accounts, the spreads are even tighter at 0.0 pips, but there's a $2 commission per side for every $100k traded, which is a reasonable trade-off for me given the low spreads. As I explored the fees, I appreciated the Hankotrade platform offering transparent costs, but it’s essential to consider these when selecting an account.
Yes, Hankotrade broker offers a demo account, which is something I always look for in a new platform. I personally used the demo account to explore the features of Hankotrade platform and test out different strategies. It allowed me to get a feel for the interface without risking real money, which I think is crucial, especially for beginners like me.
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iamjayylopezz
Philippines
opened a demo account on Hankotrade yesterday and today I noticed manipulated MT4 chart in the 1 minute timeframe. The first chart is from Hankotrade .. look at all those green candles.. The one below is from LQDFx ..Even a toddler will know that the Hankotrade chart is cooked. STAY AWAY FROM HANKOTRADE
Exposure
Mayaz Ahmad
Bangladesh
They charge high swap fees, high spreads, severe slippage and place order slow and far away from the bid.
Exposure
Mayaz Ahmad
Bangladesh
A client has lost a lot $ from his account and this broker has blamed the client for it instead of admitting it themselves. The client claims he had a terrible experience with this broker.
Exposure
ChristopheS
France
The customer service at HankoTrade is accommodating and polite. They've met all my requirements, and I'm quite pleased with the service. Overall, everything is good.
Positive
Gilbert Heb
Germany
I traded with HankoTrade a while back and I'm still impressed. Their trading platform is the generic MT5/MT4 which okay ,but the edge they have is that orders are executed rapidly, and their customer service is top-notch.
Positive
Andree770
Germany
An area where HankoTrade really stands out is the MT5 Trading Platform, which offers a range of additional order types. I've found the Buy Stop-Limit and Sell Stop-Limit orders to be particularly useful in managing my trades.
Positive
Ewald
Canada
HankoTrade is a bit of a mixed bag. While the MetaTrader 5 Bitcoin Account and the commodity/energy pairs provide a great deal of flexibility and potential.The Forex spreads are generally tight, and the platform is user-friendly. HankoTrade provides a decent trading experience, but it's essential to be aware of the potential risks like latency and slippage.
Positive
Blaise
Canada
there are no transaction costs. This allows me to hold positions in currency pairs such as GBPUSD and CHFJPY for days, without worrying about transaction costs eating into my gains.
Positive
RosarioD
France
I have to give a shoutout to Hanko Trade's support team. They've been helpful and responsive throughout my time trading with them, which has made my experience that much more enjoyable.
Positive
一个好运的人
Malaysia
Hankotrade is the only place where without ant any interference you trade. A straightforward way to trade. Deposit is very easy at first it used to take some time now they have changed the methods also there is help in hand everyone is very efficient. Though I haven't made any withdrawals because I am very new to trading I keep losing money which is my problem. I am sure withdrawal will be as easy as a deposit.
Positive
FX1188641415
United States
The various trading conditions offered by this company are really attractive, but I think the most important thing is safety! What's the point of having other trading terms if you've been scammed out of your money?
Positive
王权富贵
Ecuador
Hankotrade does not speak Spanish and I have seen people say that it is a scam. To be safe, I would not invest here.
Positive