Discover the distinctive attributes of Hankotrade broker in today’s review, where we delve into its exclusive features, explore the range of account types available, and share other essential details you should know before registering.
Hankotrade Summary
Established in 2018 by a group of prosperous traders, Hankotrade is a rapidly expanding CFD, Forex, and cryptocurrency broker. With a focus on providing a highly competitive trading environment, the broker aims to empower its traders to achieve profitable trades and build their portfolios.
Hankotrade offers a compelling brokerage option for traders of all levels, from beginners to experts. Its combination of tight spreads, reasonable commission rates, exceptional customer service, and powerful trading tools make it an attractive choice for traders looking to enhance their trading experience.
Is Hankotrade the Lowest Spread Forex Broker?
Hankotrade provides traders with the ease of entering or exiting the market without the concern of additional expenses, with its trading accounts featuring tight spreads. The spread on the STP account starts from 0.7 pips, while the ECN and ECN Plus accounts offer a great 0.0 pips spread.
Hankotrade is among the few selected brokers in the market that can call itself a zero-spread Forex broker.
How Much Commission and Fees Does Hankotrade Charge?
Hankotrade’s commission fees are remarkably low, with as little as $0 charged on its STP account. On the ECN account, the commission fee is $2 per side per $100K traded, while on the ECN Plus account, it is just $1 per side per $100K traded.
Does Hankotrade Offer an Account for Beginner Traders?
Hankotrade’s STP account is ideal for beginners, with a minimum deposit requirement of $10 and $0 as commission. Beginners can easily try their hands at trading without risking a considerable amount.
Can Muslim Traders Trade with Hankotrade?
Hankotrade caters to a diverse customer base, including Muslim traders. The broker offers swap-free Islamic accounts to allow Muslim traders to trade within their religious boundaries.
What are the Deposit and Withdrawal Fees of Hankotrade?
While many Forex brokers charge a nominal percentage for processing deposits and withdrawals, Hankotrade stands out by strictly adhering to a 0-withdrawal fee policy for its traders.
Traders can withdraw their funds conveniently and without any extra charges whenever they want.
What Is The Typical Processing Time For Withdrawals At Hankotrade?
Hankotrade places a high emphasis on expediting withdrawal processing to minimize client waiting times for their funds. Traders usually receive their requested amount in their accounts within 2 to 3 hours. According to information on Hankotrade’s website, the broker ensures that funds are processed and transferred in no more than a day.
Evidence of Successful Withdrawals from Hankotrade, Provided By Real Traders
Please take a moment to review the screenshots shared by authentic traders showcasing their withdrawal confirmation emails. These emails are tangible evidence of Hankotrade’s reliable money transfers and commitment to safeguarding clients from scams.
Does Hankotrade Charge Inactivity Fees?
Several brokers impose a monthly charge of up to $10 if a trading account remains inactive for over a year. However, Hankotrade doesn’t charge any inactivity fees. It provides traders with the flexibility and freedom to use and manage their trading accounts according to their will.
How to Open a Trading Account with Hankotrade?
Opening an account with Hankotrade is simple; traders can begin trading the same day. To open an account, traders need to log on to the broker’s website and navigate to register. After clicking the register option, they will receive a form requiring the traders’ details. The broker will send an OTP code for verification and direct the trader to his trading portal, where he can select his desired account type, make the deposit, and start trading.
Hankotrade Customer Testimonials
Hankotrade has garnered the trust of thousands of traders and established a commendable reputation across multiple review posting forums. With positive feedback from satisfied users, HankoTrade has earned a reputation for its reliability and transparency in handling investments.
To get a glimpse of the real experiences traders share, we encourage you to take a moment to read the attached screenshots of their reviews. These firsthand accounts offer valuable insights into the quality of service and support HankoTrade provides, empowering you to make well-informed decisions for your investment journey.
Hankotrade Customer Testimonials on Slashdot.org
Hankotrade Customer Testimonials on Trustpilot.com
Hankotrade Customer Testimonials on BrokerXplorer.com
Hankotrade Customer Testimonials on Sitejabber.com
Hankotrade Customer Testimonials on FX-List.com
Hankotrade Customer Testimonials on Forbino.com
Is Hankotrade Regulated in the US?
Hankotrade is registered and regulated by the Financial Services Authority of Seychelles, indicating its dedication to following the laws and regulations enforced by the financial authority.
Although not licensed by the CFTC (Commodity Futures Trading Commission), Hankotrade’s registration with the FSA is a solid testament to its reliability, making it an excellent option for US traders seeking a safe and trustworthy broker.
Is Hankotrade Profitable?
Hankotrade’s trading environment benefits traders due to its tight spread, low commission costs, and high leverage. These features can enable traders to open better positions and potentially increase profits.
Nevertheless, it is crucial to remember that all trading involves risk, and traders should thoroughly evaluate their financial objectives and risk tolerance before making investment decisions.
Can You Use Hankotrade in the US?
Yes, the residents of the United States are eligible to open their trading accounts with Hankotrade without any special conditions or requirements.
Trading Tools by Hankotrade
Hankotrade offers four major trading tools to its clients to help them save time and make informed decisions in the volatile trading market.
- Demo Account
Demo accounts are a practice space for beginner traders and a testing ground for professional traders to check their strategies before staking their real money in the market.
The broker provides considerable virtual funds to help newbies learn about the market dynamics, identify lucrative opportunities, and detect potential risks.
- E-Calendar
The Forex market is directly influenced by major financial and economic news. Traders must always stay updated on news and events that can influence the market environment.
Hankotrade’s e-calendar enlists all the important dates of the trading world, forecasts upcoming market trends, highlights trade patterns, and even alerts traders about unfavorable market conditions.
- Virtual Private Server
The Virtual Private Server (VPS) is a crucial tool that ensures the smooth and efficient operation of Hankotrade’s Forex trading system. With VPS, traders can easily monitor trade signals and execute trades without being constantly tied to their computers. By reducing delays and improving trade execution, VPS significantly lowers the risk of slippage by minimizing latency.
- FX Calculators
Hankotrade offers its clients an advanced and up-to-date Forex calculator that operates across multiple currencies. This smart trading tool eliminates the need for traders to manually convert each figure, simplifying the trading process and providing greater convenience.
With the Forex calculator, traders can easily calculate profits, commissions, margins, and other important metrics in real-time, making it an essential tool for informed decision-making in the Forex market.
The Bottom Line: Is Hankotrade a Good Broker for You?
Hankotrade’s various account types, fantastic account spreads, and nominal commission rates make it an excellent broker choice for beginners and advanced traders.
The broker’s registration with FSA and authentic client testimonials on reputable forums certify the broker’s legitimacy and reliability.
Hankotrade’s customer care agents are readily available to address any questions or concerns related to their policies. By connecting with them, you can receive prompt and comprehensive responses to your queries, giving you peace of mind and confidence in your trading decisions.
Additionally, you can register for a demo or STP account to gain hands-on experience with Hankotrade’s services before making a significant investment. It will allow you to test the broker’s features and functionalities and ensure they align with your trading preferences and objectives.
Don’t hesitate to take advantage of these resources and explore the world of trading with Hankotrade today.