Hankotrade Broker (REVIEW)

Choosing the right broker is a pivotal decision for any investor regarding online trading because online trading differs from traditional trading. With numerous options available, finding one that aligns with your investment goals and trading style is crucial.

In this Hankotrade review, we will delve into Hankotrade broker to help you determine if it fits your financial journey as a trader.

Hankotrade Review: History of Hankotrade Broker

Hankotrade is a Dubai, UAE-based brokerage firm that was founded in 2018. With its establishment in that year, Hankotrade entered the competitive world of online trading and financial services.

Over the years, it has aimed to provide a platform for traders and investors to access various financial markets, including forex, commodities, and cryptocurrencies. While its history is relatively brief, Hankotrade has strived to build a reputation for reliability and customer satisfaction, offering a range of trading tools and resources to assist clients in making informed investment decisions.

Trading Platforms and User Interface

Hankotrade provides a user-friendly interface that facilitates seamless navigation for traders of all experience levels. One of its standout features is the provision of two of the industry’s best-standard trading platforms: MetaTrader 4 and MetaTrader 5.

These platforms are renowned for their robustness and versatility, catering to novice and experienced traders. What makes Hankotrade even more appealing is the accessibility of these platforms across multiple operating systems, including Windows and iOS, ensuring compatibility with desktops, laptops, and mobile devices.

This means traders can execute their strategies and manage their investments from anywhere at any time, delivering unparalleled flexibility and convenience in online trading.

Asset Selection Options

Hankotrade distinguishes itself by offering traders a diverse range of four asset categories, recognizing the significance of versatility in today’s dynamic financial landscape. This diversity empowers traders to diversify their portfolios and adapt to ever-changing market conditions.

The four key asset classes provided by Hankotrade are:

Cryptocurrency
Forex
Commodities
CFD Indices

Account Types and Minimum Deposits

Hankotrade offers a diverse range of four distinct account types, catering to traders’ varying needs and preferences.

These account types include:

STP Account

Designed for beginners and traders seeking cost-effective options, the STP account requires a minimum deposit of just $10 with spreads from 0.7 pips.

ECN Account

For traders looking for enhanced execution speed and market depth, the ECN account is available with a minimum deposit requirement of $100. This account type offers competitive spreads from 0.0 pips.

ECN Plus Account

Geared towards more experienced traders, the ECN Plus account demands a minimum deposit of $1000 with spreads from 0.0 pips.

Islamic Swap-free Account

Hankotrade understands the importance of diversity in traders. The Islamic Swap-free Account is specifically designed to meet the requir

Hankotrade Regulatory Compliance

Traders can trade with confidence at Hankotrade, as the broker places a strong emphasis on regulatory compliance.

Hankotrade is registered with Seychelles’s Financial Services Authority (FSA), a respected regulatory body. This registration underscores the broker’s commitment to adhering to industry standards and ensuring a secure trading environment for its clients.

With the oversight of the FSA, traders can have peace of mind knowing that their interests and investments are safeguarded by regulatory measures, allowing them to focus on their trading strategies without unnecessary concerns about the broker’s legitimacy and reliability.

Hankotrade Customer Support

Hankotrade is dedicated to providing exceptional customer support to assist traders in every aspect of their trading journey. The broker offers a responsive and knowledgeable support team that can be reached through various channels, including phone, email, and live chat.

Whether traders have questions about their accounts, require technical assistance with the trading platforms, or need guidance on market-related matters, the customer support team is readily available to provide prompt and helpful solutions.

Hankotrade Fees and Commissions

Hankotrade prides itself on transparency regarding fees and commissions, aiming to provide its clients with a clear and fair trading environment. The broker maintains a straightforward withdrawal policy, reassuring traders that no fees are associated with withdrawals. This commitment to fee transparency extends to its commission structure, which varies based on the chosen account type.

Traders can expect to be charged commissions per their specific account type, such as STP, ECN, or ECN Plus, ensuring that fees align with their preferred trading conditions and strategy.

Zero commissions on STP account
$2 per side per $100k traded on ECN account
$1 per side per $100k traded on ECN Plus account

Extra Earning Opportunities

Brokers that provide extra earning opportunities to traders are rare in the market, and Hankotrade is one of those rare brokers that provides these opportunities to its traders. These earning opportunities are promotional offers and introducing broker commissions.

Promotional Offers

Traders can earn a 100% bonus on depositing a minimum of $100 on their first deposit. Hankotade rewards the same amount as a bonus to traders as the amount deposited by the trader. This is a great way to give your trading journey a head start.

Introducing Broker Commission

Hankotrade provides up to 40% commission to traders on introducing new traders to the Hankotrade broker.

Ease of Transactions Through Secure Withdrawal and Deposit

Hankotrade offers a hassle-free and efficient transaction experience for traders, both when it comes to deposits and withdrawals. Traders can expect a seamless process that prioritizes their convenience. Regarding withdrawals, Hankotrade’s commitment to timely service shines through, ensuring that funds are transferred within 2 to 4 business hours of the request. This swift turnaround minimizes unnecessary waiting times, allowing traders to access their funds promptly.

Hankotrade Withdrawal Proofs

Don’t just take our word for it; here are some withdrawals from Hankotrade’s satisfied traders who have experienced the ease and efficiency of their transaction services:

Security and Technology on Accounts

Hankotrade prioritizes the security of traders’ investments by implementing multiple layers of protection.

SSL

To safeguard sensitive information and data, the broker employs SSL encryption technology, ensuring that all communication and transactions on the platform are encrypted and secure.

Negative Balance Protection Feature

Hankotrade also offers negative balance protection, a crucial feature that shields traders from potentially incurring losses exceeding their initial investment. This protective measure ensures that traders’ accounts do not fall into a negative balance, reducing the risk associated with volatile market conditions.

Hankotrade Reviews By Traders

Hankotrade has built a good reputation in just five years since starting in 2018. They’ve earned high scores on major review websites like Trustpilot, showing their customers are happy with their services. While they still have some things they can do better, their users have had a great experience with them overall.

Before you decide to work with Hankotrade, reading reviews from real customers is a good idea. These reviews will tell you what Hankotrade is good at and where they could improve.

Hankotrade Reviews on Forbino

Hankotrade Reviews on FX-List.com

Hankotrade Reviews on Slashdot.org

Hankotrade Reviews on SiteJabber

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