Hankotrade Review

Hankotrade

 

Hankotrade is an offshore services provider that emphasizes security and trust for its users. With an impressive Trust score of 60 out of 99, it distinguishes itself as a dependable trading platform.

 

Broker NameHankotrade
RegulationUnregulated
Minimum Deposit10 USD
(STP)
Fund Withdrawal FeeNone
Spreads From0.1 pips
Commissions$5 per lot
Base Currencies5+
Swap FeesCompetitive
Open an AccountOpen Account

 

Overview

Hankotrade positions itself as an innovative Forex and CFD broker, offering STP and ECN accounts along with commission-free trading. By combining institutional-grade pricing, diverse trading instruments, and demo accounts, the broker aims to provide transparency and accessibility for both new and experienced traders.

 

Frequently Asked Questions

 

Is Hankotrade regulated?

Hankotrade operates as an offshore Forex and CFD provider, without oversight from major regulatory authorities. Traders have limited recourse in case of disputes, making it essential to understand the risks before investing. Transparency and account variety cannot substitute for regulatory protection.

 

What types of accounts does Hankotrade offer?

Hankotrade offers STP, ECN, ECN Plus, and Islamic accounts. Each account type provides unique features such as commission-free trading, SWAP-free options, and flexibility for small starting deposits, catering to both retail and institutional clients seeking varied trading experiences.

 

Our Insights

Hankotrade delivers a technologically advanced and client-focused trading environment with multiple account types and transparency in operations. However, the lack of regulatory oversight presents significant risks, so traders should carefully weigh potential rewards against the inherent uncertainties of offshore trading.

 

Overview

 

Fees, Spreads, and Commissions

Hankotrade offers a variety of accounts designed for both new and experienced traders. From the commission-free STP account to the ultra-low commission ECN Plus, each option provides competitive spreads, high leverage, and instant deposit processing. Clients also benefit from swap-free Islamic accounts and access to multiple trading instruments.

 

Account TypeMin DepositMin SpreadCommission
STP15 USD0.7 pips$0
ECN100 USD0.0 pips$2 per $100K
ECN Plus1000 USD0.0 pips$1 per $100K
Islamic15 USD0.7 pips$0 swap-free

 

Frequently Asked Questions

 

What are Hankotrade’s fees, spreads, and commissions?

Hankotrade provides commission-free trading on STP and Islamic accounts, while ECN and ECN Plus accounts charge minimal commissions. Spreads start from 0.0 pips on ECN and ECN Plus accounts, with trading executed via a no-dealing-desk system. This ensures low-cost, transparent trading across all instruments.

 

What is the minimum deposit and available account types?

Clients can open an STP account with just $15, an ECN account with $100, and an ECN Plus account with $1000. Hankotrade also offers swap-free Islamic accounts. All accounts allow high leverage up to 1:500, support multiple base currencies, and offer access to Forex, CFDs, indices, commodities, cryptocurrencies, and copy trading.

 

Our Insights

Hankotrade delivers flexible and cost-effective trading conditions suitable for both retail and institutional clients. With low minimum deposits, competitive spreads, and diverse account options including swap-free Islamic accounts, traders gain instant access to global markets while managing costs efficiently.

 

Fees, Spreads, and Commissions

 

Minimum Deposit and Account Types

Hankotrade offers a range of accounts suitable for traders with different capital levels. STP accounts start at 15 USD, ECN accounts at 100 USD, and ECN Plus accounts at 1000 USD. All accounts provide high leverage, multiple base currencies, instant deposits, and access to Forex, CFDs, indices, commodities, cryptocurrencies, and copy trading.

 

Account TypeMinimum DepositBase CurrencySpecial Features
STP15 USDUSD
CAD
EUR
AUD
Commission-free
swap-free option
ECN100 USDUSD
CAD
EUR
AUD
Low spreads
$2/$100K commission
ECN Plus1000 USDUSD
CAD
EUR
AUD
Ultra-low commission
tight spreads
Islamic15 USDUSD
CAD
EUR, AUD
Swap-free for Sharia
compliant trading

 

Frequently Asked Questions

 

What is the minimum deposit for Hankotrade accounts?

Traders can open an STP account with just $15, making it accessible for beginners. ECN accounts require $100, while ECN Plus accounts start at $1000. All accounts provide instant deposit processing, allowing clients to start trading immediately.

 

What account types does Hankotrade offer?

Hankotrade provides STP, ECN, ECN Plus, and Islamic swap-free accounts. Each account type allows trading across multiple instruments, high leverage up to 1:500, and options for automated trading through smart portfolios and copy trading features.

 

Our Insights

Hankotrade’s flexible account structure accommodates both small and larger capital traders. Low minimum deposits, high leverage, and multiple account types, including Islamic accounts, allow clients to tailor trading to their individual strategy and risk tolerance.

 

Minimum deposit and Account Types

 

How to Open a Hankotrade Account

Opening a Hankotrade account is straightforward and can be completed online. Whether you’re new to trading or an experienced investor, Hankotrade offers various account types to suit your needs.

 

1. Step 1: Visit the Hankotrade Registration Page

Navigate to the Hankotrade website and click on the “Register Now” or “Open Free Account” button to begin the account creation process.

 

2. Step 2: Complete the Online Registration Form

Fill in your personal details, including your name, email address, phone number, country of residence, and preferred account type (STP, ECN, or ECN Plus).

 

3. Step 3: Verify Your Email

After submitting your registration, check your inbox for a verification email from Hankotrade. Click the activation link to confirm your email address and proceed to the client area.

 

4. Step 4: Submit KYC Documents

To upgrade to a live account, upload the required Know Your Customer (KYC) documents, such as a valid government-issued ID and proof of residence, to complete the identity verification process.

 

5. Step 5: Fund Your Account and Start Trading

Deposit funds into your account using one of the available payment methods. Once your account is funded, you can access the trading platform and begin trading.

 

This process is typically quick, with registration completed in minutes. However, KYC verification times may vary.

 

How to Open a Hankotrade Account

 

Trading Platforms and Tools

The HankoX platform delivers fast execution, tight spreads, and a customisable trading environment that suits beginners and advanced traders. It provides access to Forex, Indices, Commodities, and Crypto, while offering advanced charting, one-click trading, and strong risk management tools for clearer decision-making.

 

FeaturePlatform TypeInstrumentsBest For
HankoX TerminalWeb and Mobile100 plus assetsBeginners and pros

 

Frequently Asked Questions

 

Is HankoX suitable for beginners?

Yes, HankoX suits beginners because the interface is clean, easy to navigate, and supported by one-click trading. Real-time data, built-in charting, and streamlined layouts make it straightforward to analyse the market and place trades while still offering advanced depth as traders gain experience.

 

Does HankoX support algorithmic or automated trading?

HankoX supports automated strategies through APIs and compatible expert advisors. Traders can apply algorithms, indicators, and multi-leg strategies from a single platform. Moreover, visual algorithmic trading and strong charting tools help users test and refine strategies before committing to real positions.

 

Our Insights

HankoX is a powerful platform for traders who want both speed and flexibility. It offers advanced execution tools, clear charting, and a fully customisable workspace. While it is less familiar than major legacy platforms, it delivers a secure, modern, and highly capable trading experience for active users.

 

Trading Platforms and Tools

 

Markets available for Trade

The broker offers broad access to major market segments, including foreign exchange, indices, commodities, and cryptocurrencies. Traders can choose from over 60 currency pairs, trade key stock indices, and access popular commodity CFDs, thereby gaining exposure to multiple global market opportunities.

 

Market TypeKey Instruments AvailableTypical Spread Starting PointAdditional Notes
Forex Pairs50+ to 60+ currency pairsFrom 0.7 pips on STP
accounts
High leverage available
Indices CFDsMajor global indicesVariableLimited number of
index markets
Commodities CFDsGold, Silver
Oil
Natural Gas
VariableEnergy markets
somewhat limited
CryptocurrenciesPopular crypto assetsVariableFewer crypto markets
available

 

Frequently Asked Questions

 

Which markets offer the most variety at HankoMarkets?

The FX segment offers the widest variety, with around 60+ currency pairs available. Although indices, commodities, and crypto are also offered, the selection in those segments is more limited, particularly for equities and energy markets.

 

Are there notable restrictions on what assets you can trade?

Yes. Although you can access major asset classes, there are fewer stock shares and fewer energy or commodity markets than some full-scale brokers. Traders looking for very broad exposure might find the range somewhat constrained.

 

Our Insights

HankoMarkets gives traders easy access to major markets—especially forex—via a streamlined platform. While breadth in indices, commodities, and cryptocurrencies exists, the offering is narrower than some full-scale brokers. Thus, it suits traders focused on currency trading first and other markets second.

 

Markets available for Trade

 

Deposit and Withdrawal

HankoMarkets enables fast and flexible deposits and withdrawals using leading cryptocurrencies such as Bitcoin, Ethereum, USDT, and others. Traders benefit from secure blockchain processing, instant funding, and lower costs compared to traditional payment rails, making it a practical option for global users who prefer digital assets.

 

CryptocurrencyNetworks SupportedKey AdvantageNotes
BTCBitcoin
Lightning
High security and low
fees
Instant deposits
ETHEthereum
Arbitrum
Fast confirmationsWidely accepted
USDTEthereum
Tron
Polygon
Arbitrum
Stable pricingReduces volatility
USDC
DOGE
BCH
LTC
TUSD
VariousLow-cost alternative
options
Multiple network support

 

Frequently Asked Questions

 

Which cryptocurrencies does HankoMarkets support for deposits and withdrawals?

HankoMarkets supports a wide range of crypto assets, including Bitcoin, Ethereum, Tether, USD Coin, Dogecoin, Bitcoin Cash, Litecoin, and TrueUSD. This gives traders flexibility and choice when funding their accounts or withdrawing profits through efficient blockchain networks.

 

Why choose crypto for account funding on HankoMarkets?

Crypto payments provide near-instant processing, lower transaction fees, and greater privacy than traditional banking. Traders also benefit from global accessibility and seamless transfers through trusted blockchain networks, making it a fast and reliable method for moving funds in and out of a trading account.

 

Our Insights

HankoMarkets delivers a fast and modern payment experience by supporting leading cryptocurrencies for funding and withdrawals. The system is efficient and secure, although it best suits traders who are comfortable using digital assets and do not rely on traditional fiat payment methods.

 

Deposit and Withdrawal

 

100% Deposit Bonus

Hankotrade offers a 100% Matching Deposit Bonus that doubles a trader’s margin and increases position size. The bonus applies to every qualifying deposit and can enhance buying power, although it remains subject to volume conditions before becoming withdrawable.

 

FeatureBonus RateUsageKey Requirement
Standard Bonus100 percentExtra margin for tradingVolume target applies
Event BonusUp to 200 percentHigher margin during promotionsBonus code needed
LeverageUp to 1:200Larger positionsDepends on account setup
Withdrawal RuleVolume basedNot withdrawable upfrontBonus divided by 2 in lots

 

Frequently Asked Questions

 

How does the 100 percent Deposit Bonus work?

The bonus doubles your deposit and increases your trading margin. It allows larger positions and more flexibility. However, the bonus cannot be withdrawn until the required trading volume is completed, and it is released from credit to the balance.

 

What conditions must be met before withdrawing a bonus?

To withdraw bonus funds, traders must complete a trading volume equal to the bonus divided by two in standard lots. The bonus is released gradually and cannot be withdrawn or used to cover losses until all requirements are fulfilled.

 

Our Insights

The 100% Deposit Bonus provides strong purchasing power for active traders who want to scale their strategies. It is valuable for margin growth, yet it demands disciplined volume completion and rule compliance. It suits traders who use larger positions and manage risk effectively.

 

100 Percent Deposit Bonus

 

Introducing Broker Program

Industry analysts note that Hankotrade provides an attractive Introducing Broker model that pays partners daily and rewards them for every lot traded by their referred clients. It offers instant withdrawals, real-time tracking, global reach, and promotional tools that help partners grow their network with transparency and consistent earning potential.

 

FeatureDescription
CommissionUp to 12 dollars per lot
Payout FrequencyDaily with instant
withdrawals
Support24/5 live chat
Availability150 plus countries

 

Frequently Asked Questions

 

How does the Hankotrade IB Program work?

The program rewards you for every lot traded by clients you refer. You earn a set commission per lot, and the more clients you bring in, the more volume you generate. You can track performance in real time and withdraw earnings daily without delays or hidden limits.

 

How much can I earn as a Hankotrade Introducing Broker?

Your income is based on the number of clients you refer and the lots they trade. For example, ECN clients generate 4 dollars per lot, resulting in 1.60 dollars per commission on certain volumes. High activity leads to higher payouts, especially with consistent trading.

 

Our Insights

The Hankotrade Introducing Broker Program suits marketers and trading community builders who want daily payouts and transparent reporting. It provides strong earning potential and instant access to funds. It is a practical choice for individuals who can drive active trading volume across Forex, CFD indices, commodities, and cryptocurrencies.

 

Introducing Broker Program

 

Customer Support

Hankotrade provides multiple support channels, including live chat, phone, email, and a direct message form for fast assistance. The broker maintains physical offices in 🇧🇿 Belize and 🇦🇪 United Arab Emirates, giving traders transparent contact options and responsive service for both new and existing accounts.

 

Frequently Asked Questions

 

How can I contact Hankotrade Support?

You can reach Hankotrade through live chat, email, phone, or by sending a direct message via the online contact form. The team assists with new accounts, platform questions, verification, and trading support, ensuring traders receive personalized help during operational hours.

 

Where are Hankotrade’s physical offices located?

Hankotrade lists offices in 🇧🇿 Belize and 🇦🇪 United Arab Emirates, which enhances trust for traders who want visible company representation. These locations support global operations and help the broker manage service inquiries from clients in different regions.

 

Our Insights

Hankotrade offers accessible and flexible customer support with multiple communication options and physical office transparency. It suits traders who value live assistance and quick responses. The contact system is straightforward and provides reliable help for platform guidance, account issues, and general inquiries.

 

Contact and Support

 

Customer Reviews and Trust Scores

Hankotrade has garnered positive feedback from traders, particularly regarding its customer support and trading platforms. However, some concerns about regulatory oversight persist.

 

SourceRatingHighlights
Trustpilot4.8/5Praised for responsive support and efficient withdrawals.
Compare Forex Brokers5/100Low trust score due to lack of regulation.

 

While Hankotrade excels in customer service and platform performance, potential clients should consider the regulatory aspects when evaluating the broker.

 

Discussions and Forums about Hankotrade

Online forums present a mixed perspective on Hankotrade, with some users expressing concerns about its regulatory status and fund transfers.

 

ForumUser SentimentKey Points
Reddit
(r/FxGeckoAPP)
CautiousWarns about low
ratings and high-risk
trading platforms.
Forex Peace ArmyNeutral to PositiveMixed reviews; some
praise customer
service, others
mention withdrawal
issues.

 

Engaging with online communities can provide valuable insights, but it’s essential to critically assess the information shared.

 

Pros and Cons

 

✓ Pros✕ Cons
Competitive fees and low spreadsUnregulated platform
Zero commissions on STP and Islamic accountsLimited educational resources
Variety of trading instrumentsBasic trading platform features
Flexible account typesMinimal deposit requirements for some accounts
User-friendly trading platformNo mobile app

 

References:

 

 

In Conclusion

Hankotrade is a robust trading platform that combines competitive pricing with a user-friendly experience. While it may not provide extensive educational resources, its strong security measures and responsive support make it a reliable choice for traders of all experience levels.

The diverse account options and tools further enhance its appeal, positioning Hankotrade as a viable contender in the trading market.

Faq

Hankotrade is an online Forex and CFD broker offering trading in currencies, indices, commodities, cryptocurrencies, and metals with tight spreads and high leverage options.

Hankotrade is an offshore broker, which means it is not regulated by major tier-one authorities. Traders should always perform their own due diligence before opening an account.

Hankotrade provides access to MetaTrader 4, MetaTrader 5, and HankoX, which support charting tools, EAs, and multiple trading strategies for beginners and advanced users.

Hankotrade supports crypto-based deposits and withdrawals, including Bitcoin, Ethereum, and USDT. This allows for faster processing times and lower transfer fees.

Hankotrade offers Cent, STP, ECN, and ECN Plus accounts, allowing traders to choose based on spreads, commission needs, and trading style. All accounts support low-cost trading and flexible position sizing.

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