HAN broker Accounts

han Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: han Account Types Overview

han Account Types Explained

Hankotrade offers several account types tailored to different trading needs and expertise levels. Below is a breakdown of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: User-friendly interface, suitable for beginners.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of $5 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, ideal for scalpers.
• Target User Profile: Advanced traders.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

3. ECN Plus Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads starting from 0.1 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Enhanced trading conditions, priority execution.
• Target User Profile: Professional traders.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, but swap-free.
• Leverage Options: Up to 1:200.
• Key Features: Designed for Muslim traders, compliant with Sharia law.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Similar to Standard account.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading without risk, access to all trading instruments.
• Target User Profile: All levels, especially beginners.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: ECN Account
• Advanced Traders: ECN Plus Account
• Muslim Traders: Islamic Account
• Practice Traders: Demo Account

Part 2: han Account Features Comparison

Detailed han Account Features

When comparing the features of different han account types, the following aspects are crucial:

• Minimum Deposit
• Maximum Leverage
• Spreads (Typical/Minimum)
• Commission Fees
• Lot Size (Micro/Mini/Standard)
• Available Trading Platforms (MT4/MT5/Proprietary)
• Execution Type (Market/Instant/ECN)
• Islamic Account Availability
• Swap-Free Options
• Demo Account Features

Advantages of Each Account Type

• Standard Account:

• Easy to use for beginners.

• No commission fees.

• Access to a variety of instruments.

• ECN Account:

• Lower spreads.

• Direct market access.

• Ideal for high-frequency trading.

• ECN Plus Account:

• Enhanced execution speed.

• Competitive commission structure.

• Suitable for professional trading.

• Islamic Account:

• Compliant with Sharia law.

• No swap fees.

• Similar features to other accounts.

• Demo Account:

• Risk-free trading environment.

• Access to all trading instruments.

• Ideal for practicing strategies.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• Limited features for advanced traders.

• ECN Account:

• Requires a higher minimum deposit.

• Commission fees can add up for frequent traders.

• ECN Plus Account:

• Higher minimum deposit requirement.

• Commission fees apply.

• Islamic Account:

• Limited availability of some trading features.

• May have restrictions on certain instruments.

• Demo Account:

• No real money involved.

• Limited to virtual funds.

Part 3: han Account Opening Requirements

han Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to most countries, but may exclude certain jurisdictions.
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.

Identity Verification Documents Needed

• Proof of Identity: Government-issued ID (passport or drivers license).
• Proof of Residence: Utility bill or bank statement with your name and address.

Additional Documentation for Professional Accounts

• Professional Account Verification: May require additional financial documents.

KYC/AML Compliance Procedures

• All clients must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures.

Verification Time Frames

• Account verification typically takes 1-3 business days.

Part 4: han Account Opening Process

Step-by-Step han Account Opening Guide

1. Visit Website and Click Registration: Go to the Hankotrade website and select the registration option.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type based on your trading needs.
4. Set Trading Preferences: Specify your trading preferences and risk tolerance.
5. Document Upload: Upload required identity verification documents.
6. Account Verification: Wait for the verification process to be completed.
7. Fund Your Account: Deposit the minimum required amount to start trading.
8. Start Trading: Access your account and begin trading.

Desktop vs Mobile Registration Differences

• Registration can be completed on both desktop and mobile platforms, with similar steps.

Common Registration Issues and Solutions

• Issue: Document rejection.
• Solution: Ensure documents are clear and meet the requirements.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Generally, account approval takes between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type.

Part 5: han Demo Account Information

han Demo Account Guide

Demo Account Features and Benefits

• Access to all trading instruments.
• Practice trading strategies without financial risk.

How to Open a Demo Account

• Follow the same registration process, selecting the demo account option.

Demo Account Limitations

• Limited to virtual funds; no real trading.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $10,000 or more.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money trading.

Duration/Expiry of Demo Accounts

• Demo accounts typically remain active for 30 days but may be extended upon request.

Part 6: han Islamic Account Details

han Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available and comply with Sharia law.

Eligibility Requirements

• Must be a Muslim trader.

Differences from Standard Accounts

• No swap fees applied on overnight positions.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process.

Restrictions or Special Conditions

• May have limitations on certain trading instruments.

FAQs – han Account Types & Opening

1. What account types does han offer？

• han offers Standard, ECN, ECN Plus, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $100, ECN: $500, ECN Plus: $1,000, Islamic: $500, Demo: N/A.

1. How long does han account verification take？

• Verification typically takes 1-3 business days.

1. Does han offer demo accounts？

• Yes, han offers demo accounts for practice trading.

1. Can I have multiple account types with han？

• Yes, you can open multiple accounts.

1. Does han offer Islamic/swap-free accounts？

• Yes, han offers Islamic accounts that are swap-free.

1. What documents do I need to open a han account？

• A government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.