Hankotrade Review: Online Brokerage Since 2018

Hankotrade – nestled in the bustling city of Dubai, UAE, emerged on the online brokerage scene back in 2018, bringing a fresh perspective to traders worldwide. With a strong commitment to excellence, Hankotrade offers a variety of account options, super-speedy trade executions, and a slew of outstanding features. 

This Hankotrade review article looks at what this broker offers, revealing exciting opportunities for traders.

Hankotrade’s Trade Execution Approach

Hankotrade sets itself apart using an innovative NO Dealing Desk (NDD) execution model, establishing itself as a top-notch ECN Forex broker. This approach ensures complete transparency and efficiency for traders as interbank rates are provided without filtering, giving you a crystal-clear view of your trades.

Hankotrade’s Financial Regulatory Jurisdiction and Security

At Hankotrade, safety and security are of paramount importance. The firm operates under the watchful eye of the financial services authority of Seychelles, ensuring a strong shield for traders’ funds. Hankotrade is fully committed to following the strict rules and regulations set by financial oversight bodies. 

Additionally, the firm places a high value on maintaining the confidentiality of your trading information safeguarding your privacy at all times.

Low Commission Charges On Trading Accounts 

Hankotrade stands out in the industry by providing its clients with highly competitive commission rates, positioning itself as one of the most cost-effective Forex brokers. Specifically, the STP account imposes no commission fees, while the ECN and ECN Plus accounts charge a modest $2 per side per $100K traded and $1 per side per $100K traded, respectively. 

With such transparent and budget-friendly commission structures, Hankotrade is the ideal choice for thrifty traders searching for a reliable brokerage partner.

Experience Razor-Sharp Spreads for Enhanced Trading Precision

You’ll find impressively tight spreads in the STP account, measuring at just 0.7 pips. Moving up the spectrum, the ECN account takes it a step further by offering zero spreads, ensuring that traders benefit from the rawest market rates available. 

The ECN Plus account also mirrors this zero-spread offering, presenting an enticing opportunity for traders looking to optimize their trading strategy with minimal cost implications. With such competitive spread options, Hankotrade empowers its clients with the flexibility to choose the account that best aligns with their trading style and objectives.

Exploring Hankotrade’s Incentive Schemes and Referral Initiatives

Hankotrade presents a duo of enticing programs designed to empower prospective and current traders to boost their accounts. 

  1. 100% Deposit Bonus 

The first offering is a generous 100% sign-up bonus, available to traders who deposit a minimum of $100 into their trading accounts. 

This bonus is credited by Hankotrade as an extra margin, allowing traders to take larger positions and leverage their accounts effectively. Traders can claim a maximum bonus of $25,000, either in a single installment or through incremental deposits leading up to that sum.

  1. Introducing the Forex Broker Program

The second initiative is the Introducing Broker Program, a referral program that allows traders to earn commissions by introducing new traders to the platform. Furthermore, Hankotrade extends its gratitude to the referring trader by awarding commissions when the referred client engages in trading activities.

How to Open a Hankotrade Account in a Few Easy Steps?

  1. Visit the Hankotrade Website 

Begin the process by visiting the Hankotrade website. You’ll find a user-friendly homepage designed for easy navigation.

  1. Locate the “Register” Option

On the homepage, look for the “Register” option and give it a click. This action will lead you to the registration form, your gateway to opening an account.

  1. Complete the Registration Form

 The registration form will prompt you to provide basic information, including your name, email address, contact number, and more. Fill in all the required details accurately.

  1. Agree to Terms and Conditions

 Before proceeding, review and agree to Hankotrade’s terms and conditions. This step ensures that you know and accept the broker’s policies.

  1. Submit the Form

 After confirming your agreement, hit the submit button to send the registration form to Hankotrade.

  1. Verify Your Email Address

Following form submission, a One-Time Password (OTP) verification code will be sent to the email address you provided. Check your email inbox and enter this code on the Hankotrade website to verify your email.

  1. Select Your Account Type 

Once your email is verified, you can choose the type of trading account you wish to open. Options include STP, ECN, or ECN Plus.

  1. Deposit Funds

To begin trading, make an initial deposit into your chosen account. Hankotrade offers a variety of funding options to suit your preferences.

  1. Start Trading 

With your account successfully opened and funded, you can start trading. Hankotrade’s streamlined account opening process eliminates unnecessary paperwork, ensuring a quick and hassle-free start to your trading journey.

Hankotrade Deposits and Withdrawals: Seamlessly Embracing Cryptocurrency

Hankotrade stands at the forefront of financial innovation by exclusively offering cryptocurrency as the primary method for deposits and withdrawals. As of now, no other payment methods are available. This forward-thinking approach caters to the growing demand for digital currencies and allows traders to transact with ease and security seamlessly.

Hankotrade Withdrawal Speed: Swift and Efficient

When withdrawing your funds, Hankotrade prides itself on its exceptional efficiency. The broker processes withdrawal requests swiftly, typically within 3 to 4 hours. Traders have consistently applauded Hankotrade’s rapid withdrawal process, underscoring its commitment to ensuring that your funds are returned promptly and hassle-free.

Hankotrade Withdrawal Proofs 

Hankotrade Customer Reviews: Genuine Praise from Happy Traders

Hankotrade has earned the praise of its customers through its quality services, and many satisfied traders have taken to credible platforms to share their positive experiences. These authentic testimonials reflect the satisfaction of traders and underscore Hankotrade’s commitment to providing a trustworthy and dependable trading environment.

Hankotrade Reviews on Slashdot

Hankotrade Reviews on BrokerXplorer

Hankotrade Reviews on Sitejabber 

Hankotrade Reviews on FX-List

Hankotrade Reviews on BrokersView

Frequently Asked Questions (FAQs About Hankotrade)

  1. Is Hankotrade Regulated?

Yes, Hankotrade is regulated by the financial services authority of Seychelles, ensuring a secure trading environment.

  1. What Types of Trading Accounts Does Hankotrade Offer?

Hankotrade offers a range of trading accounts, including STP, ECN, and ECN Plus, catering to different trading preferences.

  1. What is the minimum deposit requirement at Hankotrade?

The minimum deposit requirement varies depending on your account type, with the lowest starting at $10.

  1. What trading platforms does Hankotrade offer?

Hankotrade provides access to the widely popular MetaTrader4 and MetaTrader5 platforms, known for their user-friendly interface and powerful trading tools.

  1. Does Hankotrade Offer a Demo Account?

Yes, Hankotrade offers a demo account, allowing traders to practice their strategies with virtual funds before trading with real money.

  1. How Can I Get in Touch With Hankotrade’s Customer Support?

You can reach Hankotrade’s customer support through various channels, including the online form on the website, telephone, email, and the live chat feature on the website.

  1. What Are the Operating Hours for Hankotrade’s Customer Support?

Hankotrade’s customer support is available during regular business hours. However, for specific details and any changes in hours, please check the FAQ section on the website or contact them directly.

  1. Does Hankotrade Charge Fees on Processing Deposits and Withdrawals?

No, Hankotrade adheres to the policy of zero-fee charges on processing deposits and withdrawals. 

  1. Does Hankotrade Offer Islamic Account?

Yes, Hankotrade offers an Islamic account, also known as a swap-free account. It is a type of trading account that complies with Islamic finance principles. It is designed for traders who follow Sharia law, which prohibits earning or paying interest.

  1. Is There a Delay in Withdrawal Processing at Hankotrade?

Withdrawal processing at Hankotrade is swift, with all requests being handled within one business day, and funds are transferred using the same method initially used for account funding.

Hankotrade Review: Conclusion 

Hankotrade is a broker worth considering in the realm of online trading. It provides a platform emphasizing transparency, security, and responsive customer support. 

With various account options, competitive trading conditions, and efficient withdrawal processes, Hankotrade aims to cater to the diverse needs of traders, from beginners to experienced professionals, in the ever-evolving world of online trading.

Kyle Townsend

Kyle Townsend is the founder of Forex Broker Report, an experienced forex trader and an advocate for funding options for retail forex traders.

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