Hankotrade
Ikhtisar： 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 | |
| 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.
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