Hankotrade Review

Minimum Deposit: $10 VISIT BROKER
Leveraged products such as CFD’s and Forex trading are complex instruments with a high risk of losing money.

Hankotrade Review

Summary

Hankotrade is Forex, CFD and Cryptocurrency broker. They operate is a true ECN broker with spreads starting from as low as 0.0 pips, low commission fees and rapid trade execution speeds. Anyone can who wants to trade or invest online can open an account with Hankotrade in just a few minutes. They have a minimum deposit of just $10 and even offer free demo accounts if you would like to practice trading online risk free with virtual money before investing your own funds.

Built by traders for traders, the Hankotrade team members have a vast amount of trading experience across financial markets from Asia to North America. The brokers mission is to provide retail and institutional clients around the world with an exceptional trading environment and empower them to reach their full potential.

7.7Expert Score
Hankotrade Rating

Take advantage of Hankotrade’s lightning fast execution speed, low spreads and a wide range of trading instruments to advance in your trading now!

Investment Products
8.5
Commissions and Fees
9
Platforms and Tools
9
Research and Education
5
Deposit and Withdrawal
7

Hankotrade Review

Pros and Cons

Hankotrade is an ECN Broker that utilises a fully automated No Dealing Desk (NDD) execution model. This means that clients can get access to liquidity from leading, international banks/liquidity providers. All client orders are settled with liquidity providers thus ensuring that there is no conflict of interest between broker and clients.

Hankotrade can therefore offer tighter spreads, lower commission fees and superior execution. They have a good range of trading accounts, including commission free accounts, demo accounts and Islamic accounts. Live chat support is available around the clock. However, the broker is not currently regulated.

Positives
  • Plenty of CFD trading instruments
  • Easy to use MetaTrader 4/5 platforms
  • Mobile trading app
  • Tight spreads from 0.0 pips
  • Zero commission account
  • STP/ECN brokerage model
  • Variety of account types to choose from
  • Minimum $10 deposit
  • Crypto trading and funding
  • Free demo accounts
  • Swap-free Islamic account option
  • No deposit or withdrawal fees
  • No inactivity fee
  • Live chat support
Negatives
  • Currently not regulated
  • Crypto account funding only
  • No educational resources
  • No market analysis
  • No contact telephone number

Hankotrade Review

Investment Products

You can trade Forex along with CFD Indices, Stocks, Commodities and Cryptocurrencies with Hankotrade. A CFD stands for contract for difference. CFD trading allows you to take a position on the price of an instrument without actually owning the underlying asset. One of the most unique aspects of CFDs is that they enable you to profit from falling markets as well as rising ones. The variety of trading instruments offers greater opportunities and account freedom for Hankotrade clients.

Hankotrade Instruments Summary

InstrumentsHankotrade
Forex
Stocks
Indices
Commodities
Cryptos
Optionsx
Bondsx
ETFsx
CFDs
Hankotrade Instruments

Hankotrade Review

Commission and Fees

Commission and Spread Fees

Hankotrade have a flexible choice of account types. Each account has a different commission fee and minimum spread. You can choose from a zero-commission account with a small spread mark-up. Alternatively, you can get a minimum spread from 0.0 pips and a very small commission charge of just $1 per side on the broker top account. In fact, Hankotrade have some of the lowest commission fees and spreads that we have seen from any broker. This can help to save on trading costs in the long term.

The type of account that you opt for may depend on your trading strategy. Those who are active traders and take positions throughout the day may prefer tighter spreads whereas investors who plan on holding positions for a long period of time may prefer the lower commissions. Either way, there is an account type to suit all trading styles with unbelievably low commission fees.

Fee STP ECN ECN Plus
Commission (per standard lot per side)$0$2$1
Spreads from0.70.00.0
Hankotrade Fees

Deposit and Withdrawal Fees

Hankotrade does not have any charges on deposits and/or withdrawals for its clients. They have a zero fees policy for clients in this regard. This is great as it means the amount of funds you transfer should be the amount that you expect to see in your account. However, make sure you check to see if there will be any applicable banking or third-party processor fees.

Inactivity Fees

There is no inactivity fee with Hankotrade. This means that you can use your account as and when it pleases you. Some brokers help themselves to your balance if you do not use your account for a specific amount of time.

Hankotrade Review

Platforms and Tools

Hankotrade aim to ensure your convenience and ease by providing you with the best trading platform that allows for an excellent experience and a chance to fully exercise your capabilities. There are no restrictions on the platform, with all trading styles allowed. Hankotrade poses no restrictions or limits on its clients’ trading activities. Currently Hankotrade offers MT4 Desktop, MT4 Web-trader, MT4 IOS and Android.

MetaTrader 4

The MetaTrader 4 trading platform is outstanding when it comes to providing traders of all experience levels with an efficient trading experience. MT4 is the platform of choice when it comes to trading forex and CFDs online, with millions of users all over the globe.

Using the intuitive MT4 platform, you can implement the most complex trading strategies and market analysis whilst being able to quickly and easily place and manage your trades. It is a flexible and convenient trading platform that ensures a personalised and effective trading environment which can considerably influence your trading performance.

MT4 is available for desktop with full functionality. The MT4 web platform can run directly in your web browser without needing to install any software. Then there is the MT4 mobile app which is handy for those who would like to access their account and trade whilst on the go from anywhere in the world with an internet connection.

Key MT4 features include:

  • Access the global markets
  • Quick and easy trading
  • Detailed market analysis
  • Multiple chart types and timeframes
  • Price alert notifications
  • Trading signals
  • Automated trading (expert advisors)
  • Custom trading tools
  • Online community
  • Desktop, web and mobile versions
  • Free to use
Hankotrade MT4 Platform
Hankotrade MT4 Platform

MetaTrader 5

MetaTrader 5 (MT5) is the successor to MT4 with a similar layout, additional trading features and functionalities. It has a wide range of completely new features to enhance your trading experience.

There are an impressive 21 timeframes to choose from. Now you can trade on 11 different types of minute charts and 7 different types of hourly time frames on top of daily/weekly and monthly time frames for enhanced market analysis.

Get additional pending orders along with Buy stop/limits and Sell stop/limits, also place additional orders such as Buy Stop-Limit and Sell Stop-Limit.

MT5 has enhanced market analysis using 38 different technical indicators, 44 analytical objects and depth of market pricing. In addition to USD, EUR and CAD, MT5 allows you to trade on Bitcoin denominated accounts.

You can trade stocks anywhere in the world using the MetaTrader 5 mobile platform. Download MetaTrader 5 mobile for free from Hankotrade and start trading right now. MetaTrader 5 supports algorithmic trading, which implies trading on exchange markets by a preset algorithm using automated trading robots.

Hankotrade MT5 Platform
Hankotrade MT5 Platform

Hankotrade Platforms Summary

PlatformHankotrade
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTraderx
Proprietaryx
Desktop
Web
Mobile
Social Tradingx
Other x
Hankotrade Platforms

Hankotrade Review

Research and Education

One area where Hankotrade is distinctly lacking is education. There aren’t any trading guides, tutorial videos or market analysis to help support those new to investing online. That being said, they do offer free demo accounts to get familiar with trading whilst you will find an abundance of educational materials available online.

FX Calculators

Hankotrade provides its clients with the latest and updated forex calculator that functions in a range of currencies, so you do not have to convert each figure. A smooth and convenient forex trading experienced is possible with the forex calculator which works out any financing charges or credits on legacy accounts.

Hankotrade Forex Calculators
Hankotrade Forex Calculators

Hankotrade Research and Education Summary

ResourcesHankotrade
Market Analysisx
Guidesx
Videosx
Webinarsx
Autochartistx
Trading Centralx
Economic Calendarx
Other (Trading Calculator)
Hankotrade Resources

Hankotrade Review

Deposit and Withdrawal

Hankotrade are one of a few brokers that let you fund your account with various cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash. They process all withdrawals within one working day on business days to ensure a smooth and efficient forex trading experience for its clients. Hankotrade processes withdrawals through the same payment method that was used to make deposits. However, they can send you your profits via any other method under your name if you specifically request them to do so.

Hankotrade Funding Summary

Payment MethodDepositWithdrawal
Wire Transferxx
Credit/debit Cardxx
Electronic Walletsxx
Cryptos
Hankotrade Funding Options

Hankotrade Review

Regulation and Safety

Hankotrade is currently not regulated. This may put off some investors but it may be seen as a positive by others. Although not being regulated can mean that there may be no help should something go wrong, it also means that Hankotrade is able to offer particular products and services that a regulated broker cannot due to strict rules and regulations.

Hankotrade Regulation Summary

RegulatorHankotrade
ASIC (Australia)x
IIROC (Canada)x
CySEC (Cyprus)x
SFC (Hong Kong)x
JFSA (Japan)x
MAS (Singapore)x
FINMA (Switzerland)x
FCA (UK)x
CFTC (USA)x
Otherx
Hankotrade Regulators

Hankotrade Safety

Hankotrade always ensures transparency in an effort to uphold the interests of its valued clients. They also offer negative balance protection. With Negative Balance Protection, clients should not lose any more than the total sum invested for CFDs.

Hankotrade Review

Client Support

The Hankotrade ready-to-assist client agents are available for customers at all times. You can reach them conveniently from live chat on the brokers website or leave them a message and they will be happy to help. There isn’t a contact telephone number provided but we managed to speak with someone on the live chat right away. They were very prompt, polite and helpful from our experience.

Hankotrade Review

Conclusion

Hankotrade has maintained its reliable and client friendly reputation through its tight spreads, low commission fees, easy deposits and instant withdrawals. Hankotrade allows its clients to take advantage of outstanding trading conditions via user-friendly trading platforms for desktop, web and mobile devices. The broker offers a wide range of trading instruments without any restrictions on trading strategies including automated trading and scalping.

Everything that you find on InvestingBrokers.com is based on information and data that is readily available from each broker that we have reviewed. We combine our 15+ years of industry experience with research, analysis and user feedback. This enables us to give an impartial and reliable broker rating. You can read more about our broker review process here.

Hankotrade Review

FAQs

When was Hankotrade founded?

Hankotrade was founded in 2019.

Where is Hankotrade located?

Hankotrade is located in Seychelles.

Is Hankotrade regulated?

Hankotrade is not regulated.

What trading instruments does Hankotrade offer?

Hankotrade offers CFDs on forex, stocks, indices, commodities and cryptos.

What is Hankotrade’s minimum deposit?

Hankotrade has a $10 minimum deposit.

What investing platforms does Hankotrade offer?

Hankotrade provides clients with the MT4 and MT5 platforms free of charge.

What is Hankotrade’s commission fee?

Hankotrade has zero commission accounts or commission-based accounts starting from $2 per lot per round trip.

Does Hankotrade charge an inactivity fee?

No, Hankotrade do not charge an inactivity fee for dormant accounts.

What are Hankotrade’s spreads?

Hankotrade commission-based accounts have variable spreads starting from 0.0 pips.

What funding options does Hankotrade offer?

Hankotrade offer account funding with cryptocurrency.

Does Hankotrade offer demo trading?

Yes, you can open a free Hankotrade demo account.

Does Hankotrade offer Islamic accounts?

Yes, Hankotrade offers swap-free accounts that function in accordance with the Shariah law to facilitate its Muslim clients.

How do I contact Hankotrade customer support?

You can reach Hankotrade customer support via live chat or by submitting a form on the brokers website.
Hankotrade Review
Hankotrade Review
Minimum Deposit: $10
Richard Montana

Richard Montana

Richard has spent many years researching, testing, comparing and reviewing brokers. He has an extensive knowledge when it comes to understanding what to look for in a broker for trading and investing online.

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