In the vast world of the internet, you’ve probably heard stories about folks getting scammed by tricky traders. Picking a Forex broker is a big deal, and it’s not something you should rush into, especially based on what some random person online says.
So, here’s the deal: before you pick a broker, do your homework.
Read reviews, listen to clients’ opinions, and make an informed choice. Now, let’s talk about Hankotrade. This post is all about checking out what they offer, the good stuff that makes them stand out for traders.
If you consider going with them for your trading adventures this year, you’re in the right place. We’re breaking down everything, from features to how they handle your money. No fancy jargon, just the lowdown on what you need to know.
So, buckle up, and let’s take a laid-back tour of what Hankotrade is all about.
Hankotrade Review: Introduction
Established in 2018 by a commendable group of traders, Hankotrade is based in Dubai, UAE. With a clear mission, Hankotrade aims to provide its clients with an outstanding trading environment. The goal is to empower traders to not only navigate the complexities of trading but also to build a sustainable and successful career in the trading world.
Over the last 5 years, Hankotrade has been the go-to for a diverse clientele, ranging from individual investors to enterprises worldwide.
Availability of Trading Instruments
This platform is your gateway to various trading options, offering over 100 tradable instruments. These include more than 60 Forex currency pairs, major cryptocurrency pairs, 11 top international stocks, and even precious metals like Gold and Silver. If you’re into energy sources, they’ve got WTI Crude and UK Oil on the trading menu, too.
Hankotrade Trading Accounts
1. STP Account
Hankotrade’s most basic trading account opens its doors with a modest deposit of $10. With spreads starting at 0.7 pips, this commission-free account sets Hankotrade apart as one of the market’s lowest commission Forex brokers.
2. ECN Account
For traders looking for a bit more, the ECN account beckons with a manageable deposit of $100. With a commission of $2 per side per 100K traded and impressively low spreads starting at 0.0 pips, Hankotrade secures its position among the zero-spread Forex brokers.
3. ECN Plus Account
Stepping up the game, the ECN Plus Account demands a larger deposit of $1,000. This account features zero spreads, a commission of only $1 per side per 100K traded, and a leverage of 1:500, catering to traders seeking a more robust option.
4. Islamic Account
Cognizant of diverse needs, Hankotrade extends a swap-free Islamic account. This specialized offering ensures Muslim traders can enjoy all the advantages of their chosen trading account while aligning with Sharia laws.
Hankotrade Negative Balance Protection
Hankotrade has your back in online trading with its Negative Balance Protection feature. This safety net is like a financial cushion, ensuring your account balance never dips below zero. It’s a reassuring shield, especially during unpredictable market swings.
With Hankotrade, you won’t find yourself owing more than you initially put in. This commitment to risk management is like having a trustworthy ally, ensuring your losses are capped at the amount you’ve invested.
Hankotrade Leverage
Leverage is like a double-edged sword in trading. It’s the tool that lets you control big positions with a smaller chunk of your money. Hankotrade offers leverage of up to 1:500, giving you the potential for bigger profits.
But here’s the real talk – while high leverage can supercharge your gains, it also cranks up the risk of big losses.
Our advice?
Use leverage wisely.
Hankotrade Deposits and Withdrawals
Hankotrade accepts deposits and processes withdrawals via cryptocurrency. Currently, no other modes are available to fund the trading account or withdraw money.
Hankotrade traders have applauded the broker’s swift and hitch-free deposits and withdrawals. The broker prioritizes instant deposits and withdrawals to allow traders to trade efficiently without stressing over their money. There are plenty of reviews shared by traders praising the broker’s commitment to quick withdrawals within a few hours.
Hankotrade Proof of Withdrawals
Promotions and Referral Opportunities at Hankotrade
Hankotrade has two enticing programs for its traders, offering them avenues to boost their accounts. Let’s delve into the details of both initiatives:
1. 100% Sign Up-Bonus
Hankotrade sweetens the deal for traders by extending a 100% bonus when they deposit a minimum of $100 into their trading accounts. This bonus acts as an additional margin, empowering traders to open larger positions. It’s particularly beneficial for those working with limited trading resources, providing them the opportunity to leverage their accounts.
For example, if a trader deposits $250, the broker adds an extra $250 to their account, serving as an additional margin.
Terms and Conditions
- A minimum deposit of $100 is required to qualify for the bonus.
- Traders can enjoy a maximum bonus of $25,000, which can be claimed in a single bonus or installments corresponding to deposits leading up to $25,000.
2. Introducing Broker Program
Hankotrade introduces a referral program, the ‘Introducing Broker,’ enabling traders to earn commissions by referring the broker to new traders. Additionally, traders also receive commissions when the clients they bring in initiate trades.
Hankotrade Customer Testimonials
Hankotrade has successfully built a strong reputation in the market as one of the zero-spread Forex brokers. Its traders have appreciated Hankotrade’s services, transparent fee structure, customer service, and efficient withdrawals.
The following are the screenshots of some of the Hankotrade reviews posted on high authority and legit testimonial sites.
Hankotrade Reviews on Sitejabber
Hankotrade Reviews on Brokersview
Hankotrade Reviews on Slashdot
Hankotrade Reviews on Forbino
Hankotrade Review: Conclusion
Whether you’re stepping into the trading world with a tight budget or you’re an experienced trader looking to maximize your resources, Hankotrade has you covered. Newbies can kickstart their trading journey with just $10, enjoying commission-free trading on the STP account.
For seasoned traders, Hankotrade offers enticing features like tight spreads, a variety of trading instruments, and substantial leverage. The broker’s stellar reputation and features authenticate its excellent performance in the eyes of Forex traders.
If you’re still on the fence, Hankotrade’s 5-year track record and global service speak volumes. It’s not just a new player; it’s a reliable companion trusted by traders worldwide.
To delve deeper, visit their website for terms and conditions, or better yet, sign up for a demo account to experience their services firsthand.
All the best!