Hankotrade Review: A Closer Look at Its Features and Performance

hankotrade

In the competitive landscape of online trading, Hankotrade broker has emerged as a popular option for traders around the world. With a wide range of financial instruments, intuitive trading platforms, and competitive pricing, Hankotrade broker aims to provide a comprehensive trading experience to its users.

In this review, we will take a closer look at Hankotrade broker’s features, trading tools, and customer support, to help you make an informed decision about whether this broker is the right fit for your trading needs.

Hankotrade Review: Introduction

Hankotrade is a popular and fast-growing trading platform that offers excellent services to traders. Established in 2018, it is based in Victoria, Seychelles and is known for its top-notch trading solutions and exceptional customer support. 

Which Trading Instruments Does Hankotrade Offer?

ECN Broker

Hankotrade offers a diverse range of trading instruments to cater to the needs of traders of all levels. These instruments include CFDs, metals, Forex, and cryptocurrencies. With such a wide range of instruments available, traders can diversify their portfolios and maximize their profit potential.

Does Hankotrade Broker Charge Any Fees for Withdrawals?

No, Hankotrade broker does not charge any fees for withdrawals. Unlike many other brokers, Hankotrade does not impose any fees or commissions on the withdrawal of funds from your trading account. 

Traders are free to withdraw their profits or funds from their account without any charges. However, traders should note that their bank or payment processor may apply their own fees or charges for processing the transaction, which are beyond the control of the broker. 

Therefore, it is recommended that you check with your bank or payment processor for their withdrawal fees, if any. Overall, Hankotrade’s no withdrawal fee policy is a great advantage for traders who want to maximize their profits and avoid unnecessary expenses.

What Kind of Spreads Does Hankotrade Broker Offer to Its Clients?

bid ask spread

Hankotrade broker provides tight spreads to its clients, which is a significant advantage for traders. With tight spreads, the difference between the bid and ask price is minimal, which means that traders can execute trades at lower costs and enjoy higher profits. 

The spread on STP accounts starts from 0.7 pips. Whereas, its ECN and ECN Plus accounts are zero-spread trading accounts. 

What Are The Commission Charges of Hankotrade?

Hankotrade offers competitive commission rates that are favorable to traders looking to keep their costs low. With an STP account, traders can enjoy a commission rate of $0, which is a great feature for those looking to minimize expenses.

For those with an ECN account, the commission rate is $2 per side per $100k traded, which is reasonable compared to other brokers in the market. 

Additionally, the ECN Plus account offers a commission rate of just $1 per side per $100K traded. Overall, Hankotrade’s commission rates are competitive and provide traders with value for money.

transaction cost

These commission charges truly make Hankotrade a lowest commission Forex broker on the internet.

Is Hankotrade a Regulated Broker?

Regulation is important when selecting a broker, but reliability is not only based on regulation. Even though Hankotrade broker is not regulated in the USA, it has a license from the FSA Seychelles, which is a trustworthy regulatory agency that supervises financial service providers in Seychelles.

This licensing assures that Hankotrade broker operates in a fair, transparent, and secure way. Additionally, the broker has implemented strict security measures to protect its clients’ funds and data. The broker also offers a range of trading tools and platforms that are easy to use and affordable. 

Therefore, even though Hankotrade broker is not regulated in the US, its license from the FSA Seychelles, commitment to security, and easy-to-use tools make it a reliable option for traders.

Is Hankotrade a Suitable Broker for Beginner Traders?

If you’re new to trading and wondering if Hankotrade is a suitable platform for you, the answer is yes! Hankotrade’s interface is designed to be user-friendly and easy to navigate, which is great for beginners who may be intimidated by complex trading platforms.  Plus, with a minimum deposit requirement of just $10, it won’t break the bank to get started. 

Hankotrade also provides a demo account so you can practice trading with virtual funds before risking real money. All in all, Hankotrade is a great option for those just starting out in trading.

Is It 100% Safe to Trade with Hankotrade?

While no broker can guarantee 100% safety in the trading world, Hankotrade broker is a reliable and trustworthy option for traders. The broker is licensed by the Financial Services Authority (FSA) of Seychelles, which ensures that it operates in a fair, transparent, and secure manner. 

The broker has implemented rigorous security measures to protect its clients’ funds and information, such as using SSL encryption, segregated client accounts, and adhering to anti-money laundering laws. 

However, it is important to note that trading involves risk, and losses can occur even with the most reliable broker. Therefore, it is crucial for traders to manage their risks and employ robust trading strategies to minimize their losses. 

Earn a Commission for Bringing in New Traders to Hankotrade

Hankotrade’s referral program ‘Introducing Forex Broker’ is a great way to earn rewards for bringing in new traders to the platform. To participate in the referral program, simply share your unique referral link with friends and family who may be interested in trading. Once they sign up and start trading, you’ll receive your referral bonus. It’s a win-win situation for both you and your friends!

Maximize the Value of Your Investments with Hankotrade’s 100% Sign Up Bonus Program

matching deposit bonus

Hankotrade’s bonus program is designed to help traders get more bang for their buck. With this program, traders can receive bonuses equivalent to their deposits. 

For example, if you make a deposit of $1,000, you may receive a bonus of $1,000. These bonuses can be used to boost your trading capital and potentially increase your profits. 

Keep in mind that bonus funds come with certain terms and conditions. Click here to read the details carefully before participating in the program.

Enhance Your Trading with Hankotrade’s Trading Tools 

Hankotrade offers a variety of trading tools to enhance your trading experience. One such tool is the Forex calculator, which can help you calculate pip values, margin requirements, and more. This can be incredibly helpful when planning your trades and managing your risk. 

Another tool offered by Hankotrade is the VPS (virtual private server), which allows you to run your trading strategies 24/7 without having to keep your computer running.

Finally, Hankotrade’s economic calendar provides up-to-date information on economic events and their potential impact on the markets. By using these trading tools, you can potentially improve your trading performance and make more informed trading decisions.

Wrapping Up!

If you’re looking for a reliable online trading broker with great bonus programs and trading tools, Hankotrade may be the right choice for you. With an STP account, you can start trading with just $10 and experience the platform’s features for yourself.

Don’t hesitate to check out Hankotrade and see if it’s the right fit for your trading needs.

Disclaimer: This article contains sponsored marketing content. It is intended for promotional purposes and should not be considered as an endorsement or recommendation by our website. Readers are encouraged to conduct their own research and exercise their own judgment before making any decisions based on the information provided in this article.