Today’s Hankotrade review will assess the performance of Hankotrade as an international multiple-asset broker for investors and traders in 2023.
If you have shortlisted Hankotrade as your trading broker in 2023, we would advise you to read this complete article to understand the features and workings of this broker. We will also highlight its commission and charges so you are well aware of what you are in for.
Let’s begin by taking a quick overview of Hankotrade:
Hankotrade Broker Review
Hankotrade is a global online trading broker established in 2018 in Seychelles. Over the span of 5 years, Hankotrade has served many individual and enterprise investors and traders worldwide.
Multiple Asset Trading Broker
Hankotrade offers more than 100 tradable instruments to its clients, which include:
- More than 60 Forex currency pairs
- Major cryptocurrency pairs
- 11 chief international stocks
- Precious metals, including Gold and Silver
- Energy Sources: WTI Crude and UK Oil
Access to Reliable Trading Platforms
A fast and efficient trading platform is an important prerequisite for executing timely trades. In the absence of a competent trading terminal, traders are exposed to the risk of lagging, slippage, and delaying trades.
Hence, traders must sign up with a broker that gives them access to a reliable and speedy trading platform. Hankotrade provides MetaTrader4 and MetaTrader 5 to its clients for a seamless trading experience.
The infra paragraphs discussed the advantages of both trading terminals:
MetaTrader4
MT4 has been one of the Forex world’s most widely used trading platforms since 2005. MT4 promises a trader-friendly UI, a customizable trading environment, and extra trading features to enrich your trading experience.
Mt4 was exclusively designed for trading Forex; however, traders can trade other assets via CFDs and Spread Betting. Remember that traders cannot trade Stocks, Indices, ETFs, Commodities, and Futures on MT4 except if they have CFD Contracts or Spread Bets.
MetaTrader5
MT5 is an advanced version of MetaTrader4 equipped with more efficient and smart trading tools. Traders can easily trade on 11 timeframes and 7 different hourly timeframes. Furthermore, MT5 provides the trader with more than 35 technical indicators and around 45 analytical objects to conduct thorough market analysis.
Traders can use MT4 and MT5 platform with Hankotrade in various formats, which includes:
- Web platform
- A downloadable application for Windows and Apple PCs
- Android and iOS Applications
Salient Features of Hankotrade Broker
1. Commission
Hankotrade is one of the few brokers in the market that doesn’t seize a significant chunk of its traders’ earnings as their commission. The broker charges a reasonable amount as its commission.
2. Spread
Hankotrade provides the tightest spreads to its clients. The spread on its STP account is 0.7 pips, whereas 0.0 pips on ECN and ECN Plus accounts.
Hankotrade is a wish-come-true broker for traders who want to sign up with a zero-spread Forex broker.
3. Leverage
Hankotrade offers its traders a huge leverage of 1:500 on all its trading accounts. This leverage ratio is attractive for seasoned market players, enabling them to open bigger trading positions without depositing additional funds into their accounts.
4. Broker Deposit Bonus
Hankotrade has initiated a 100% sign-up bonus program on its website through which traders can enjoy a bonus on their deposits. Traders must visit the broker’s website, navigate to ‘Promotional Offer,’ and opt for the program.
The minimum deposit requirement for this program is $100, which is affordable for most traders. Traders can enjoy their bonus amount as an additional margin in their trading account.
5. Affiliate Program
Besides the broker deposit bonus, traders can earn a commission from Hankotrade by signing up for its Introducing Broker Program.
You will be eligible for a commission when someone you introduced to Hankotrade opens accounts and trades. Traders can earn up to 40% of the commission through this program.
6. Fees and Other Charges
Finding a broker that doesn’t charge additional fees is quite difficult. Many brokers do not let go of any opportunity to profit from their clients. For this purpose, they charge service fees, inactivity charges, etc., on trader accounts. Furthermore, they deduct a certain percentage from traders’ accounts to process deposit and withdrawal requests.
However, Hankotrade doesn’t charge any extra fees to its traders for its services.
Are My Trading Assets Safe with Hankotrade?
For the last 5 years, Hankotrade has established itself as a reputable and reliable broker in the market. Many investors and traders have vouched for its excellent services on various credible publications and forums.
Check out the positive Hankotrade reviews shared by real traders on Trustpilot.com, Sourceforge, Forex Peace Army, and others.
Reviews on Trustpilot.com
Reviews on Forex Peace Army
Does Hankotrade Provide Negative Balance Protection?
Volatile markets can Forex strip the trader of their resources under unfavorable situations. With a negative balance protection, a trader cannot lose more than his deposited funds, i.e., becoming a debtor to its broker.
Hankotrade provides negative balance protection to protect its clients from sustaining huge losses. The best part about Hankotrade’s negative balance protection is that it is available on all trading accounts.
Conclusion: Is Hankotrade the Right Forex Broker for You?
If you are a newbie in the market wanting to enter the trading world with a limited budget, Hankotrade is a good choice. You can easily open your account with just $10 and enjoy commission-free trading on its STP account.
However, suppose you are an intermediate or an advanced trader. In that case, Hankotrade has lucrative features for you, such as tight spreads, various trading instruments, and huge leverage to maximize your trading resources.
Hankotrade’s features and reputation amongst Forex traders authenticate the broker’s excellent performance and the services it provides to its traders.
You can head to Hankotrade’s website to understand its terms and conditions and closely examine its offerings. You can also sign up for a demo account to better understand the broker’s services and trading terminals.
