Hankotrade Review: A Complete Analysis of Hankotrade

In the realm of online trading, Hankotrade stands as a potential partner, but the pivotal question remains: Is it a reliable ally or a risky gamble? 

This in-depth Hankotrade review leaves no stone unturned as we examine its history, platforms, fees, regulatory compliance, and user experiences. By the end, you’ll have the insights to decide whether Hankotrade is your ideal trading companion or a venture fraught with uncertainty. 

Join us in this exploration to unravel the answer to the critical question: 

Is Hankotrade Brokerage trustworthy or a risky venture?

Hankotrade Review: Company Background and History

Established in 2018, Hankotrade is a trading broker headquartered in Dubai, UAE. This emerging player in the online trading arena has swiftly gained recognition for its commitment to providing a diverse array of investment opportunities. 

Regulatory Compliance: Is Hankotrade on Board?

Ensuring regulatory compliance is paramount in choosing a trading broker. Hankotrade, in this regard, stands as a regulated broker, falling under the scope of the Financial Services Authority (FSA) of Seychelles. 

As Seychelles’ principal regulatory body, the FSA upholds financial service standards, including anti-money laundering and know-your-customer regulations.

Account Types and Minimum Deposit Requirements

Hankotrade provides four different account types for its users depending on their risk tolerance and requirements. It is important to note that all of these accounts have different investment barriers for entry, but one thing remains constant: tight spreads and leverage through all accounts:

1. STP

The STP accounts require you to invest a minimum of $10 to start trading. 

2. ECN

The ECN account requires a minimum investment of $100 to start trading.

3. ECN Plus

The ECN Plus account requires a minimum investment of $1,000 to start trading.

4. Islamic Swap Free Account

The Islamic swap-free account is a special account introduced by Hankotrade to facilitate its Muslim traders who prefer a Sharia-compliant account that is swap-free.

Hankotrade Fee Structure 

When you’re looking into trading with Hankotrade, it’s essential to know how much it will cost you. Unlike brokers with many different fees, Hankotrade keeps things simple. They don’t charge you extra for things like maintaining your account or taking out your money. Instead, Hankotrade uses something called a commission model. 

This means they earn money when you make trades, but the exact amount they charge can vary depending on your account type. This way, you can pick the account that matches your trading style and what you’re comfortable with. The commission charges for each account are as follows:

• $0 commission for STP 
• $2 per side per $100k traded for ECN
• $1 per side per $100k traded for ECN Plus

Asset Selection: What Can You Trade with Hankotrade?

Hankotrade offers a versatile range of trading assets, catering to diverse investor interests. Traders can explore opportunities in Forex, Commodities, CFDs (Contracts for Difference), Indices, and cryptocurrencies. 

This extensive asset selection allows investors to diversify their portfolios and engage in various financial markets, from the dynamic world of cryptocurrencies to traditional currency pairs and commodities.

Withdrawing Your Earnings: Navigating Hankotrade’s Withdrawal Process

The withdrawal process is one of the most crucial things to consider when selecting a broker for yourself. It’s important to ensure that your broker has a swift withdrawal process and you won’t be waiting for days to receive your funds. 

According to Hankotrade withdrawal policy, all the funds are transferred within 24 business hours of request without charging a single penny. 

Note that the minimum amount for withdrawal must be more than $50. Anything less than that is subjected to withdrawal fees.

Hankotrade Withdrawal Proofs

Hankotrade Customer Support: Responsive or Elusive?

Customer service is another crucial point to consider in your trading partner. It’s important to ensure you’re selecting a broker that will stand by your side in every thick and thin. So the question arises: Is Hankotrade’s customer support responsive or elusive? 

According to our research and reviewing the responses from real traders about Hankotrade’s customer service, we conclude that they are well-responsive. There are three different channels to contact them for assistance. 

• Contact form on Contact Us page
• 24-hour’ Live chat support on the home page
• Email address present on their Contact Us page

Security Measures: Safeguarding Your Investments

Hankotrade doesn’t hold back when it comes to securing their customers’ investments. They have world-class systems integrated into their trading environment, saving their customers’ investments from unforeseen circumstances. Those security measures include: 

1. Negative Balance Protection

Hankotrade prioritizes the safety of its traders by offering Negative Balance Protection across all account types. This crucial feature acts as a financial safety net, ensuring that traders won’t incur losses beyond their initial investments in uncertain market conditions.

2. SSL Encryption

Hankotrade ensures traders can engage with confidence by employing SSL-certified encryption. This robust security measure safeguards sensitive data, such as personal information and financial transactions, protecting traders from security breaches. 

Unlocking Opportunities: Hankotrade’s Bonus and Affiliate Programs

One of the things that makes Hankotrade a favorite among traders nowadays is their generous bonus offers and affiliate programs like introducing broker commissions. Let’s discuss them in detail with a guide to avail them.

1. 100% Deposit Bonus

The 100% bonus is a promotional offer introduced by Hankotrade to assist traders with a good start. Once the trader deposits a certain amount into the account, an additional amount equal to the deposited amount is transferred into the trader’s account as a bonus. 

The conditions to avail of this offer are: 

• The minimum deposit should be $100;
• $25k is the maximum deposit bonus a trader can earn, which can be claimed by making a single deposit of $25k or multiple deposits leading up to $25k.

2. Introducing Forex Broker Commission

Introducing broker commission is an affiliate program offered by Hankotrade brokers to its clients to earn commissions by introducing new traders to the family of Hankotrade. 

The maximum commission that affiliates can earn is up to 40% of the total amount traded by the newly introduced traders.

Hankotrade User Experiences: Traders Speak Out

Hankotrade has done a great job maintaining a good record among the traders’ community. The broker has been reviewed greatly by many traders who have expressed their genuine feelings for the broker’s remarkable services. 

Hankotrade Reviews on Sitejabber

Hankotrade Reviews on Slashdot

Hankotrade Reviews on BrokerXplorer

Hankotrade Reviews on FX-List

Hankotrade Reviews on BrokersView 

Hankotrade Review: The Final Word

We’ve taken an in-depth journey through the world of Hankotrade, covering its origins, adherence to regulations, and insights from real users. The pivotal question remains: Is Hankotrade the right fit for you?

Here’s the deal: Hankotrade isn’t a one-stop solution, and that’s a good thing. Your decision to engage with this broker should align seamlessly with your trading goals and preferences. We’ve provided you with a comprehensive toolkit to make an informed choice, but the ultimate decision rests in your hands.

The good news is that trying out Hankotrade won’t hurt your finances. They follow the rules, and feedback from other users gives you a clear picture. So, you can start trading without feeling too stressed about it.