Hankotrade Broker: Is It Worth Signing Up with Hankotrade?

Today’s Hankotrade review will go through all of the features, services, and benefits provided by Hankotrade Broker to assist you in finding a trustworthy broker for your assets. 

Hankotrade is a Forex, CFD, and cryptocurrency broker with Seychelles registration. It was established in 2018 by a reputable group of traders with trading expertise across several international markets. Hankotrade’s main objective is to provide both institutional and private clients with a unique trading experience that will assist in the growth of successful trading careers.

Let’s examine this broker’s services in more detail.

Distinct Offerings of Hankotrade 

1. Lowest Commission Forex Broker

Hankotrade is one of the lowest commission Forex brokers on the internet. It charges $0 commission on its STP account, $2 per side per 100K traded on the ECN account, and $1 per side per 100K traded on the ECN Plus account. 

Moving on to the 2nd feature:

2. Zero-Spread Forex Broker 

Spread is the difference between the ask and bid price of the currency pairs. Expert traders opt for traders that provide tight spreads. This enables them to enter or exit a position without sustaining additional charges. 

Hankotrade provides tight spreads on its trading accounts. Its STP account offers a spread of 0.7 pips. In contrast, ECN and ECN Plus have 0.0 pips as spreads. 

Up next, on number 3, we have:

3. 100% Deposit Bonus 

Many brokers have introduced a 100% sign-up bonus program to attract new traders. However, a majority of these brokers do not keep their word and never deposit the bonus into their trader’s account. 

Fortunately, Hankotrade is transparent about its policies, terms, and conditions related to broker deposits on its website. When a trader signs up for this program, the broker will credit his trading account with the same amount (as the deposit) as an additional margin. 

Traders can utilize this margin to opt for positions more significant than their existing resources. 

You can visit the broker’s website to learn more about the 100% deposit bonus: https://hankotrade.com/100bonus

Moving ahead, we will now discuss the following:

4. High Leverage

Leverage is like a loan traders take from their brokers to open bigger and better trading positions. Expert traders enjoy using leverage to earn profit and grow their trading accounts. Hankotrade provides the maximum leverage of 1:500, making it a lucrative offer for many experienced market players. 

Up next, on number 5, we have:

5. Several Account Types 

Hankotrade offers 5 different types of accounts to accommodate every type of trader. The details of the accounts are as follows:

i. STP Account

Hankotrade’s first account type is STP. This account’s primary benefit is that there are no commissions to pay. Traders need to deposit at least $10 to open this account. This account’s spreads start at 0.7 pips. This account has a leverage ratio of 1:500.

ii. ECN 

ECN is a zero-spread trading account with a $2 commission per side for every $100k trade. Also, traders have access to a 1:500 leverage. This account must be opened with at least $100.

iii. ECN Plus

All the benefits of an ECN account are available with ECN Plus. On this account, the commission is a mere $1 per side for every $100K exchanged. The initial deposit requirement on this account is $1,000. 

iv. Islamic Swap-Free Account 

Hankotrade also provides all three accounts without swap or commission, enabling Muslim traders to engage in trading.

v. Demo Account 

Hankotrade also provides demo trading accounts to its traders to let them master their trading skills before making irrevocable blunders in the trading world. Moreover, traders can test their trading strategies before executing them on their live trading accounts. 

On number 6th, we have another beneficial feature of Hankotrade. 

6. Forex Trading Tools

Trading tools simplify things for traders in the market. These tools are time and cost-efficient and enable traders to devise a robust trading strategy to mint good profits. 

Hankotrade provides three primary trading tools to its clients:

• FX Calculator to convert currencies quickly, calculate commission, margin, pip, and swap. 
• It also offers an e-calendar, which shows the important dates and events that can affect the trading environment. 
• Hankotrade also provides a VPS to ensure that the trader’s system is always connected and trades are executed instantly. 

On number 7th, we have:

7. Initial Deposit Requirement 

Hankotrade has kept a nominal deposit required to make it easier for new traders to enter the trading arena without breaking the bank. The trader only needs to deposit $10 to open his live account and begin trading. 

Finally, the last feature of Hankotrade on our today’s list is:

8. Introducing Broker Program 

Signing up for Hankotrade’s ‘Introducing Forex Broker’ program will allow you to earn a handsome commission on the trades of the clients that you bring on board. 

This affiliate program enables traders to make a good income without investing their money. They must refer to Hankotrade to their other trader friends, family, social circle, etc. When they sign up and start trading, the trader will receive a chunk of their earnings. 

Is Hankotrade a Choice of Broker?

It is natural to get cold feet to trust a new broker with your hard-earned money. Hankotrade has delivered excellent performance to its clients since its inception in 2018 in Seychelles. It has delighted plenty of traders worldwide who have shared their honest and unbiased Hankotrade reviews on many major review posting forums. 

You can also watch the following video by Trade With Pat, where he thoroughly reviews the services and other remarkable features of Hankotrade:

Is Hankotrade the Best Forex Broker of 2023?

Hankotrade’s productive features, different account types, minimum initial deposit, tight spreads, and plenty of positive reviews indicate that it is a legit broker. Beginner traders can easily open their accounts with Hankotrade by simply heading to their website and completing the registration formalities. 

Before finalizing Hankotrade as your broker, visit its website and familiarize yourself with its terms and conditions. Furthermore, remember to read comprehensive Hankotrade reviews on reputable platforms to get an idea of the quality of its services.