Hankotrade Overview
| Website | hankotrade.com |
| Year Founded | 2010 |
| Countries of Registration | Belize |
| Website Languages | English |
| Regulators | - |
| Broker Type | ECN, STP |
| Dealing | A-book |
| Minimum Deposit | $15 |
| Account Currencies | USD, EUR, CAD, AUD |
| Spread | low |
| Trading Platforms | HankoX, HankoSocial |
| Trading Assets | Forex, Commodities, Indices, Cryptocurrencies |
Brief look at Hankotrade
Hankotrade is an offshore ECN broker founded in 2010. Traders can choose between STP, ECN and ECN Plus accounts with deposits from $15, floating spreads from 0 pips and leverage up to 1:500. The company offers its own HankoX terminal, supports scalping and algorithmic trading, and processes deposits/withdrawals exclusively in popular cryptocurrencies.
Pros
- Crypto funding and $15 minimum deposit
- ECN spreads from 0 pips with low commissions
- Proprietary HankoX platform
Cons
- Unregulated offshore entity
- Crypto‑only payments, no fiat cards/wires
- No investor compensation scheme
- Limited educational resources
Is Hankotrade available in my country?
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Hankotrade doesn't accept clients from United States!
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Hankotrade Reviews
I've been using Hankotrade for a few months now and overall, I am satisfied. The demo account feature helped me get familiar with their platform before I decided to sign up. The minimum deposit was reasonable, and I appreciated the various account types available. My only concern is the withdrawal time, which could be faster.
8/15/2023Hankotrade has exceeded my expectations! The trading app is user-friendly, and I love the low spreads on forex pairs. The leverage options are great, and I found the sign-up process smooth. I also received a bonus after my first deposit, which was a nice touch. Highly recommend!
10/3/2023My experience with Hankotrade has been mixed. While the platform offers some great features, I think their customer service could improve. I faced issues logging into my account a couple of times. The withdrawal time was acceptable, but I expected more from a broker of this reputation.
9/10/2023As someone new to trading, I found Hankotrade's demo account to be a fantastic tool to practice. The app is decent, although I faced some glitches during download. Overall, the account types are flexible, and I appreciate the rebate program they offer on trades.
7/28/2023I enjoy trading with Hankotrade. The leverage options are quite attractive, and I've had a good experience with their withdrawal process. The spreads are competitive, and the platform is stable. Just wish the minimum deposit was lower to attract more beginners.
9/20/2023Leave a Review
Is Hankotrade regulated?
| Companies | Hankotrade Global Markets Limited |
| Countries | Belize |
| Regulators | - |
| Investor Protection | - |
| Investor Protection Size | - |
| Publicly Traded | |
| Segregated Accounts | |
| Guaranteed Stop Loss | |
| Negative Balance Protection |
Hankotrade Account Types
| Property | STP | ECN | ECN Plus |
|---|---|---|---|
| Min Deposit | $15 | $100 | $1000 |
| Lot Size | 0.01 | 0.01 | 0.01 |
| Spread Type | Floating | Floating | Floating |
| Execution | Market | Market | Market |
| Min Spread | 0.7 pips | 0 pips | 0 pips |
| Fee | No | $4 per 1 lot | $2 per 1 lot |
| Max Leverage | 1:500 | 1:500 | 1:500 |
| Stop Out | 50% | 50% | 50% |
| Margin Call | 80% | 80% | 80% |
Additional Features
- Demo Account
- VIP Account
- Swap-Free Account
- Copy Trading
- VPS
- PAMM/MAM Accounts
Hankotrade Funding and Fees
| Base currencies | USD, EUR, CAD, AUD |
| Deposit and withdrawal methods | Cryptocurrencies (BTC, ETH, USDT, BCH, USDC, TUSD) |
| Inactivity fee | |
| Interest on margin | |
| Withdrawal Fee |
Hankotrade Trading Platforms and Conditions
| Trading Platforms | HankoX, HankoSocial |
| Execution Speed | 150 ms |
| Scalping | |
| Expert Advisors (EAs) | |
| Depth of Market (DOM) | |
| Spread | low |
Hankotrade Trading Assets
| Currencies | 55 |
| Indices | 11 |
| Stocks | 0 |
| Cryptocurrencies | 20 |
| Bonds | 0 |
| Metals | 4 |
| Energies | 4 |
| Soft Commodities | 0 |
| ETFs | 0 |
Education and Analytics
| Economic Calendar | |
| Indicators | |
| Robots | |
| Signals | |
| Autochartist | |
| Expert Analytics | |
| News Feed | |
| Education Articles | |
| Webinars | |
| Seminars |
Broker Bonuses
| Bonus Type | Size | Details |
|---|---|---|
| Welcome Bonus | 100%, up to $1000 | Learn More |
Hankotrade Support
Hankotrade Alternatives
| Broker | Hankotrade | Hugo’s Way | KOT4X | Trader's Way |
|---|---|---|---|---|
| Type | ECN, STP | ECN | ECN | ECN, STP |
| Minimum Deposit | $15 | $10 | $10 | $10 |
| Regulators | - | - | SVGFSA | AFSA |
| Platforms | HankoX, HankoSocial | MetaTrader 4 (MT4), PRO4 | TradeLocker | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader |
| Spread | low | low | low | low |
| Leverage | 1:500 | 1:500 | 1:500 | 1:1000 |
| Assets | Forex, Commodities, Indices, Cryptocurrencies | Forex, Stocks, Indices, Metals, Energies, Cryptocurrencies | Forex, Indices, Shares, Commodities, Cryptocurrencies | Forex, Metals, Energies, Cryptocurrencies, Indices |
Is Hankotrade Right for You?
Hankotrade presents an appealing option for traders seeking low entry costs and flexible trading conditions. With a minimum deposit of just $15, traders can access ECN spreads starting from 0 pips and leverage of up to 1:500. Additionally, the proprietary HankoX platform, combined with cryptocurrency funding options, caters well to those interested in modern trading solutions and algorithmic strategies. However, potential users should be cautious of the significant drawbacks associated with Hankotrade. As an unregulated offshore entity, it lacks the security and trust that come with regulatory oversight. Additionally, the exclusive use of cryptocurrencies for deposits and withdrawals may deter those who prefer traditional payment methods, and the absence of an investor compensation scheme raises further concerns about safety. In conclusion, Hankotrade is best suited for experienced traders comfortable with cryptocurrency transactions and seeking low-cost trading options. However, those who prioritize regulatory protection, educational resources, or prefer fiat payment methods may want to explore more established brokers.
FAQ
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.
