Hankotrade is a rapidly growing broker in the trading landscape. It has gained a foothold by offering a variety of services and fostering a secure trading environment.
In this review, we’ll examine Hankotrade’s offerings and explore what they bring to the table for forex traders. We’ll delve into their instrument selection, trading platform, regulatory compliance, and more to provide a comprehensive overview.
About HankotradeÂ
Established in 2018, Hankotrade is a forex and CFD broker that has seen rapid growth in recent years. They cater to traders worldwide and offer a diverse selection of trading instruments. This includes over 60 currency pairs, allowing you to trade major, minor, and exotic forex markets. Additionally, Hankotrade provides access to 11 major international stocks, cryptocurrency pairs, and commodities, giving you the flexibility to diversify your trading portfolio.
Hankotrade Regulation and ComplianceÂ
The foreign exchange market can be a complex landscape. To ensure fairness and protect traders, regulatory bodies oversee forex brokers. These regulations establish guidelines for how brokers handle client funds, disclose information, and conduct business.
Hankotrade is licensed and regulated by the Financial Services Authority (FSA) of Seychelles. This regulatory body oversees Hankotrade’s operations, ensuring they follow established standards. This translates to a secure trading environment for users, fostering trust and confidence.
Hankotrade Trading InstrumentsÂ
Hankotrade offers a diverse selection of trading instruments, allowing you to tailor your portfolio and potentially benefit from asset diversification. This strategy involves spreading your investments across different asset classes to manage risk. By offering a variety of instruments, Hankotrade empowers you to explore this approach:
Forex
 Hankotrade provides access to over 62 currency pairs, giving you the opportunity to trade major, minor, and exotic markets 24 hours a day, 5 days a week.
Stock Indices
You can gain exposure to major global markets through 11 key stock indices offered by Hankotrade.
Commodities
Hankotrade allows you to trade popular commodities like precious metals and oils, potentially adding further diversification to your portfolio.
Cryptocurrencies
Trade in popular and trending cryptocurrency pairs, allowing you to participate in this dynamic market segment.
Tailored Trading Experience with Hankotrade Accounts
Hankotrade offers a variety of account types to suit different trading styles and needs. Each account provides access to the same diverse selection of instruments but with varying features regarding spreads, commissions, and minimum deposits.
Here’s a breakdown of the available account options:
STP Account
Ideal for beginners, the STP account requires a $10 minimum deposit and offers commission-free trading with spreads starting from 0.7 pips. It also includes negative balance protection and a maximum leverage of 1:500.
ECN Account
For more experienced traders seeking tighter spreads, the ECN account requires a $100 minimum deposit. It offers spreads from 0.0 pips but charges a commission of $2 per side per $100,000 traded. It also includes negative balance protection and maximum leverage of 1:500.
ECN Plus Account
Designed for high-volume traders, the ECN Plus account requires a $1,000 minimum deposit. It boasts the tightest spreads from 0.0 pips and a lower commission of $1 per side per $100,000 traded. Similar to the other accounts, it includes negative balance protection and maximum leverage of 1:500.
Islamic Account
Catering to Muslim traders, Hankotrade offers a swap-free Islamic account that complies with Sharia law principles.
Hankotrade LeverageÂ
Leverage is a double-edged sword in the world of forex trading. It allows traders to control a larger position size than their initial deposit would normally allow. This can be beneficial for magnifying potential profits if your trades go in the winning direction.
For example, with leverage of 1:500 offered by Hankotrade’s STP, ECN, and ECN Plus accounts, a $100 deposit would allow you to control a position worth $50,000 (100 x 500). This can significantly amplify your potential returns.
However, it’s crucial to remember that leverage also magnifies losses. If your trades go against you, your potential losses are also multiplied by the leverage ratio.
Remember: Leverage can be a powerful tool, but it should be used with caution and a clear understanding of the risks involved. Don’t rely solely on leverage to achieve success; focus on developing a sound trading strategy and risk management practices.
Hankotrade ActTrader
The trading platform you choose acts as your command center in the forex market. A user-friendly and reliable platform is essential for executing trades efficiently, monitoring marketÂ
movements, and managing your portfolio effectively.
Streamlined Trading with Hanko ActTrader
Hankotrade offers the Hanko ActTrader web application, a convenient and accessible platform that doesn’t require any software downloads. Visit https://trade.hankotrade.com/ on your preferred web browser, and you’ll be ready to start trading from any device at any time.
This efficient platform boasts a competitive suite of features designed to empower traders of all experience levels. With cutting-edge tools and a user-friendly interface, Hanko ActTrader aims to help you make informed trading decisions.
Hanko ActTrader Web Application
Hanko ActTrader Web is a responsive platform that adapts seamlessly to your screen size, be it a desktop computer, tablet, or mobile phone. This web-based design grants instant access from anywhere with an internet connection, eliminating the need for downloads or app store visits.Â
Furthermore, Hanko ActTrader Web packs powerful tools typically found in desktop applications, readily available through your mobile browser. This accessibility allows you to react to market movements swiftly and capitalize on trading opportunities, regardless of your location.Â
With the option to add Hanko ActTrader Web to your home screen, you can ensure a smooth and responsive trading experience at your fingertips.
Mobile-Friendly Trading with Hanko ActTrader Web
For traders who value on-the-go access, Hankotrade offers a mobile solution through the Hanko ActTrader Web application. This eliminates the potential drawbacks of downloading and installing separate apps for Android and iOS devices.
Here’s how Hanko ActTrader Web benefits mobile users:
No Downloads Required
By utilizing a web-based approach, Hanko ActTrader Web avoids the need to download and install a separate app. This can help conserve storage space on your device and streamline the setup process.
Device Compatibility
The web-based design ensures compatibility across various mobile devices, regardless of operating system (Android or iOS). This eliminates compatibility concerns and allows you to access your trading account from virtually any smartphone or tablet.
Optimized Performance
Hanko ActTrader Web is designed to be responsive and adaptable to different screen sizes. This can contribute to a smoother user experience and potentially minimize performance lags compared to some downloaded applications.
Quick Access with Home Screen Integration
You can easily add Hanko ActTrader Web to your mobile device’s home screen for quick and convenient access. This allows you to monitor markets and manage your trades efficiently, even when you’re away from your desktop computer.
Want to add Hanko ActTrader Web Application to your home screen?
Simply follow the step-by-step instructions in this video to add Hanko Web Application on your Android and iOS home screen in a jiffy:
Withdrawal Processing at Hankotrade
The speed of withdrawal processing is a crucial factor for many forex traders. Hankotrade aims to provide a swift withdrawal experience for its clients.
According to their website, Hankotrade strives to process withdrawal requests within one business day. However, many satisfied clients of Hankotrade have shared their positive experiences of receiving their withdrawals within a couple of hours.
Hankotrade Proof of Withdrawals: Screenshots of Withdrawal Update Emails
The following are the screenshots of the withdrawal update emails shared by the real clients of Hankotrade.Â
Hankotrade Customer Reviews
Positive customer reviews can be an indicator of a broker’s performance. It reflects the broker’s commitment to its clients and the quality of its services.Â
Hankotrade customers have shared their positive experiences on many credible review platforms and in the trading forums. They have praised a variety of aspects like top-notch services, competitive spreads, smooth execution, efficient withdrawal processing, etc.
Take a look at some of the top customer reviews:
Hankotrade Customer Reviews on BrokerXplorer
Hankotrade Customer Reviews on FX List
Hankotrade Customer Reviews on BrokersView
Hankotrade Customer Reviews on Slashdot
Hankotrade Customer Reviews on Sitejabber
Considering Hankotrade as Your Trading Partner in 2024?
If you’re a new trader or searching for a broker with a wide range of instruments and a user-friendly experience, Hankotrade merits exploration. To get started, consider visiting their website to learn more about their offerings, account types, and fees.Â
Additionally, Hankotrade offers a demo account, allowing you to practice trading with virtual funds before committing to real capital. Finally, starting small with an STP or ECN account with a minimal deposit can help you familiarize yourself with the platform and trading environment before investing a larger amount.
Forex trading inherently carries risks. Before venturing into the market, it’s crucial to conduct thorough research, develop a sound trading strategy, and prioritize responsible risk management practices.
