Hankotrade Broker (Review)
This Hankotrade Forex Broker review will reveal the benefits and drawbacks of selecting Hankotrade as your Forex broker in 2023.
Choosing reliable brokers and trading platforms is a challenging task. And unfortunately, many beginner traders fail miserably in it. They sign up with an incompetent broker and suffer in the trading world.
Hence it is advised to thoroughly investigate the broker before depositing your hard-earned money.
We’ve created a comprehensive analysis of one Forex broker, Hankotrade, to help you determine whether it’s worth your time and money. We will discuss the advantages and key features of the Hankotrade platform and its shortcomings.
Introducing Hankotrade
Hankotrade is a foreign exchange, cryptocurrency, and CFD broker headquartered in Seychelles. They are a group of seasoned traders with thorough knowledge of the volatile foreign exchange market.
They’ve built a platform for better investment and trading opportunities by utilizing a variety of financial instruments and key currency pairs.
What Are the Key Features of Hankotrade?
- Variety of Trading Instruments
Hankotrade offers its clients 62 major and minor currency pairs, 11 international stock indices, precious metals, energy resources, and significant cryptocurrency pairs.
The next feature of Hankotrade is:
- Tight Spreads
Hankotrade is a zero-spread Forex broker. It offers tight spreads on its STP trading account, i.e., 0.7 pips. Whereas spreads are as low as $0 on ECN and ECN Plus accounts.
Look at the following image that shows the difference between the ask and bid price of the currency. The zero spread trading accounts help the trade enter or exit the Forex market without sustaining additional losses.
Up next, we will talk about another lucrative feature of Hankotrade:
- Nominal Commission
It is a difficult time for traders when brokers charge a significant part of their revenue as commission. Let’s face it; no one likes giving their profit to a broker. It is now impossible to locate a broker who doesn’t charge a commission.
However, some brokers, like Hankotrade, only charge a small fee for their services. Hankotrade charges $0 on its STP account, $2 on the ECN account per side per 100K traded, and $1 on the ECN Plus account per side per 100K traded.
These commission charges make Hankotrade one of the lowest-commission Forex brokers in the market.
Moving ahead, on number 4, we will discuss:
- 100% Deposit Bonus
Hankotrade is one of the few brokers in the market that presents a small welcoming gift to its clients. The broker provides a 100% sign-up bonus scheme to its traders where they can enjoy an additional margin equal to their deposit amount.
Traders can use their additional margin to open bigger, better, and more profitable trading positions.
Moving forward, we now have the following:
- Negative Balance Protection
Negative balance protection can literally save a trader’s life. Even if the market swings quickly against your trades, it prevents your account from slipping into a negative balance.
Hankotrade provides Negative Balance Protection on all its trading accounts. The next feature of Hankotrade is highly tempting for experienced and key Forex players:
- Maximum Leverage
Pro traders prefer brokers who provide the highest leverage on trading accounts. It enables them to open positions that are greater than their existing funds. Hankotrade has an enticing feature for seasoned Forex traders in its 1:500 leverage ratio.
- Customer Care
The majority of forex traders operate online without a physical dealing desk. Many traders report that brokers do not respond to their concerns when they need assistance. Hankotrade replies to client inquiries as soon as possible by email, live chat, phone calls, or Skype.
Moving forward, we now have the following:
- Smart Trading Tools
Trading tools are valuable assets for traders to succeed in the trading market without spending much time and energy. Hankotrade understands the needs of the trader; hence, they offer 3 innovative trading tools on their website:
- Economic Calendar
Hankotrade is attentive to how political and economic developments affect the trading market. For this reason, it offers a market calendar on its website to notify traders of upcoming events that can harm the market.
The e-calendar from Hankotrade provides a logical forecast, displays trends, and creates indications and alerts to inform clients of the shifting trading environment.
- Virtual Private Server
This cutting-edge technology from the broker ensures that the trader’s Forex trading system will run efficiently and effectively. With a virtual private server (VPS), traders can monitor trade signals and maintain the functionality of their trading system without always using a digital device all the time.
- Forex Calculators
Hankotrade offers four different types of calculators on its website for rapid computations for traders. These calculators feature commission, margin, pip, and swap calculators.
Hankotrade Customer Reviews 2023
Hankotrade is appreciated on plenty of platforms for its fast services, low spreads, and reasonable commissions. The following are some of the positive reviews earned by Hankotrade broker:
You can also read another authentic and credible Hankotrade broker review on numerous renowned platforms, such as Forex Peace Army, sashares.com, forexgeek.com, etc.
Wrapping Up!
Choosing a Forex broker is an important decision in one’s trading career. Thus, it shouldn’t be made hastily. If you are interested in opening an account with any broker, ensure a detailed investigation about it. Learn about its policies, commissions, spreads, leverage, etc., before you deposit your funds.
Furthermore, head to credible review posting forums to get an insight into the broker’s services by its actual clients.
Hankotrade has been in the market since 2018 and has served many customers worldwide. You can visit the broker’s website or connect with them over a call to learn more about their account types and other benefits.
