Company Summary
| 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 Information
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 and Cons
| Pros | Cons |
| Tight spreads | No regulation |
| With demo account | No MT4/MT5 platform |
| Low minimum deposit requirement | Few contact channels |
Is Hankotrade Legit?
No. Hankotrade currently has no valid regulations. Please be aware of the risk! It provides negative balance protection.
What Can I Trade on Hankotrade?
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptos | ✔ |
| ETFs | ❌ |
| Bonds | ❌ |
| Stocks | ❌ |
Account Type
Here are four account types Hankotrade offers:
| Account Type | Min Deposit |
| STP | $10 |
| ECN | $100 |
| ECN Plus | $1000 |
| Demo account | √ |
| Islamic Account | √ |
Leverage
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.
Hankotrade Fees
| 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
| Trading Platform | Supported | Available Devices | Suitable for |
| HankoX | ✔ | Web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
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.
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
Mayaz Ahmad
Bangladesh
They charge high swap fees, high spreads, severe slippage and place order slow and far away from the bid.
Exposure
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
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