Let’s examine Hankotrade and its services to determine if it suits traders. By delving into the features of Hankotrade, we can address its essential offerings and form a balanced conclusion.
What is Hankotrade?
Hankotrade is a brokerage platform for traders providing Forex, Commodities, CFD indices, and cryptocurrencies facilities. Hankotrade broker, located at 7 Albert Street, Victoria, Seychelles, started its services in 2018.
Is Hankotrade a Regulated Trading Broker?
Yes, it is a regulated broker. Hankotrade is regulated by the financial services authority of Seychelles (FSA), so you can trade with Hankotrade without getting into legal trouble.
Can US Traders Trade With Hankotrade Broker?
Although Hankotrade is not a regulated broker in the American region, Americans can trade safely through Hankotrade because it is regulated by the financial services authority of Seychelles (FSA).
What Is the Lowest Deposit Required to Start Trading with Hankotrade?
The lowest amount required to open a trading account with Hankotrade is $10. Users can now open an STP account with only a minimum deposit of $10 and start their trading journey. However, these deposits rise as we go up the chart, such as a $100 deposit for the ECN account and a $1000 deposit for the ECN PLUS account.
How Many Account Types Are There in Hankotrade?
Hankotrade allows its users to choose from 3 different account options: STP, ECN, and ECN PLUS. However, features and minimum deposit amounts might vary from one account type to another.
Can Muslim Traders Trade with Hankotrade?
Yes, with Hankotrade’s new Islamic account option, Muslim traders can trade freely on Hankotrade without being caught up in religious bounds. Hankotrade Islamic account options are a commission-free model for Muslim traders worldwide.
What Are the Lowest Spreads in Hankotrade?
Hankotrade is famous as a zero-spread Forex broker in the trading market for its lowest spreads. Following are the spread values in different account types.
- Starting from 0.7 pips in the STP account
- As low as 0.0 pips in ECN and ECN Plus account
Does Hankotrade Charge Huge Commissions from Traders?
No, Hankotrade is not one of those trading brokers that ruins the fun of trading by charging massive commissions from their clients. Hankotrade is one of the lowest commission Forex brokers and ensures its clients are bagging most of their profits themselves. Following are the commission charges in different accounts.
- 0 commission on the STP account
- $2 per side per $100k traded on ECN account
- $1 per side per $100k traded on ECN Plus account
Does Hankotrade Have a Strong Online Presence?
Hankotrade has established a robust social media presence, including an Instagram profile where they regularly post updates about their platform. Additionally, they have a website featuring a live chat feature for customers to connect with support staff.
Besides, many traders also discuss Hankotrade on YouTube videos, providing further insight into their experiences with the platform. Checkout the following video, by Mr. Patrick Ryan, conducting an in-depth review of Hankotrade and explaining its feature in detail:
Do Traders Trust Hankotrade?
Hankotrade has earned the trust of its clients by providing a safe and secure trading environment combined with its stellar customer care. Many trades have shared their experience with the Hankotrade broker on multiple review posting forums. Additionally, the broker has an excellent rating on Trustpilot.com, with over 400 user reviews for the Hankotrade platform.
Moreover, Hankotrade reviews by other professional traders on renowned platforms highlight the broker’s excellent services, timely response to queries, and always assistance of their clients.
Does Hankotrade Provide Referral Bonuses?
Hankotrade does provide referral bonuses and commissions through its introducing broker program. By introducing a new trader through the introducing Forex broker program, traders can earn up to 40% of the commission on the total amount traded by the newly introduced trader.
Does Hankotrade Award a 100% Deposit Bonus?
It’s a fact that Hankotrade cares for its users and provides the most to its customers. Hankotrade offers 100% bonuses to its users on a minimum deposit of $100 in the trading account. Once the condition is matched, the broker credits the same amount as a 100% deposit bonus into the trader’s wallet.
For more details, visit: https://hankotrade.com/100bonus
What are the Transaction Charges On Deposits and Withdrawals?
Hankotrade charges no extra amount from its users on deposits and withdrawals. Hankotrade has a zero-charge policy on transactions so that they can make a transaction without worrying about any additional cost.
Does Hankotrade Provide MetaTrader Terminals?
Hankotrade provides two of the best trading platforms to its users that are MetaTrader4 and MetaTrader5. Traders can choose between them according to their needs and trading style.
Can Traders Practice Trades On Hankotrade?
Hankotrade provides a demo trading account with an environment similar to live accounts so traders can gain experience. Trading in a controlled environment before starting with a real trading account can save traders from trading disasters.
How Much Time Does Hankotrade Take to Answer Queries?
It depends on the medium of communication you are choosing. To get instant replies to your queries, you can use the live chat support on the homepage of the Hankotrade website. You can use alternative methods such as contact forms and face-to-face chat support if your queries are more detailed.
In What Areas Could Hankotrade Broker Make Improvements?
Despite having unique and noteworthy features, Hankotrade has opportunities for further improvement. Some users have expressed concerns about the limited transaction methods available on Hankotrade. It should be noted that currently, only cryptocurrency transactions are permitted, which can pose challenges for those residing in regions where cryptocurrencies are not regulated.
Addressing this issue could potentially expand the customer base of Hankotrade brokers.
Hankotrade Review: Should You Try Hankotrade for Your Trading Needs?
Hankotrade has established a strong reputation in the trading industry with its reliable services and customer-centric approach. Its satisfied clientele is a testament to the quality of its offerings. Therefore, we believe it is worth taking a risk and trying it.
To make it easier for you, we suggest opening an STP account with a minimum investment of $10. This is a reasonable amount to get started with and explore the services of Hankotrade. Doing so lets you experience firsthand what Hankotrade offers and determine if it aligns with your trading needs and preferences.
It is essential to consider all options and take calculated risks when trading. Giving Hankotrade a chance could lead to new opportunities and positive outcomes for your trading career. So, we encourage you to explore the features and services of Hankotrade and see if it is a good fit for you!