Hankotrade Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-05-06 21:04

Abstract：　Hankotrade is an online CFD broker that allows for fast execution of trades by sending client orders directly to liquidity providers. Hankotrade is an unregulated broker so far.

HankotradeReview Summary
Founded	2019
Registered Country/Region	Belize
Regulation	No regulation
Market Instruments	Forex, Indices, Commodities, Crypto
Demo Account	✅
Leverage	Up to 1:500
Spread	From 0.7 pips (STP account)
Trading Platform	HankoX
Min Deposit	$10
Customer Support	Contact form
	Live chat
	Instagram
	Email: support@hankotrade.com

Hankotrade Information

　　Hankotrade is an unregulated broker, offering trading on forex, commodities, indices and cryptocurrencies with leverage up to 1:500 and spread from 0.0 pip on HankoX trading platform. The minimum deposit requirement is $10.

Pros and Cons

Pros	Cons
Tight spreads	No regulation
With demo account	No MT4/MT5 platform
Low minimum deposit requirement	Few contact channels

Is Hankotrade Legit?

　　No. Hankotrade currently has no valid regulations. Please be aware of the risk! It provides negative balance protection.

What Can I Trade on Hankotrade?

Tradable Instruments	Supported
Forex	✔
CFDs	✔
Commodities	✔
Indices	✔
Cryptos	✔
ETFs	❌
Bonds	❌
Stocks	❌

Account Type

　　Here are four account types Hankotrade offers:

Account Type	Min Deposit
STP	$10
ECN	$100
ECN Plus	$1000
Demo account	√
Islamic Account	√

Leverage

　　The broker offers max leverage at 1:500. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.

Hankotrade Fees

Account Type	Spreads	Commission
STP	From 0.7 pips	No
ECN	From 0.0 pips	$2 per side per $100k traded
ECN Plus	From 0.0 pips	$1 per side per $100k traded

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
HankoX	✔	Web	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　Hankotrade does not have any charges on deposits and/or withdrawals for its clients. The broker accepts payments via Ethereum, Stellar, Litecoin, Bitcoin, Theta, Dfinity,etc. Deposit and withdrawal are zero.

　　Hankotrade processes all withdrawals within one working day on business days.