Hankotrade foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://login.hankotrade.com/register, about the company's legal and temporary regulatory information, the company's address Blake Building, Corner Houston & Eyre Street, Belize City, Belize.
Hankotrade, established in 2018, is an online trading platform that has gained recognition in the financial markets for offering a diverse range of trading instruments. The company is headquartered in Dubai, UAE, with its primary office located at Citadel Tower, Business Bay. Hankotrade operates as a private entity, providing services to retail and professional traders alike.
The broker primarily caters to a global clientele, enabling access to various financial markets including forex, commodities, indices, and cryptocurrencies. Since its inception, Hankotrade has focused on delivering competitive trading conditions and a user-friendly experience. Over the years, it has made significant strides in expanding its offerings and improving its platform, aiming to attract both novice and experienced traders.
Hankotrade operates under a market maker model, which means it acts as the counterparty to its clients' trades. This business model allows for predictable trading costs, as market makers typically offer fixed spreads. The broker's commitment to client satisfaction and transparency has helped it establish a foothold in the competitive online trading environment.
Hankotrade is registered with the Financial Services Authority (FSA) of Seychelles, but it is important to note that this regulatory body does not impose stringent oversight on forex trading activities. The registration number for Hankotrade is 153. However, the lack of robust regulatory frameworks raises concerns about the safety and security of client funds.
The broker's operations are not covered by any investor compensation schemes, which means that clients may not have recourse in the event of financial disputes or insolvency. Hankotrade implements basic Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to ensure compliance with international standards, but the absence of rigorous regulatory oversight is a significant drawback.
Client funds are reportedly kept in segregated accounts, which is a standard practice to protect investors' capital. However, the effectiveness of this policy is questionable given the broker's unregulated status. Traders are advised to exercise caution when dealing with Hankotrade, as the lack of regulatory protection can expose them to higher risks.
Hankotrade offers a wide array of trading products, including:
The broker frequently updates its product offerings to keep pace with market trends, ensuring that traders have access to the latest instruments. Hankotrade provides both retail trading services and institutional client services, catering to a diverse range of trading strategies and preferences.
Hankotrade supports the widely acclaimed MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are popular among traders for their advanced charting tools and automated trading capabilities. The broker also offers its proprietary trading platform known as Hank Ox, designed for a user-friendly experience.
Hankotrade utilizes an ECN (Electronic Communication Network) execution model, which ensures that trades are routed directly to liquidity providers. This model typically results in tighter spreads and faster execution times, enhancing the overall trading experience.
Hankotrade offers several account types to cater to different trading needs:
Hankotrade provides leverage of up to 1:500, allowing traders to amplify their positions. The minimum trade size is set at 0.01 lots, catering to both conservative and aggressive trading strategies. Additionally, the broker does not impose inactivity fees, which is advantageous for traders who may not trade frequently.
Hankotrade supports several deposit methods, primarily focusing on cryptocurrency transactions. Accepted cryptocurrencies include Bitcoin, Ethereum, Litecoin, and others. Here are some key details regarding fund management:
Hankotrade offers customer support through various channels, ensuring that traders can receive assistance when needed. Available support options include:
The support team operates 24/7, offering assistance across different time zones. While the response times are generally acceptable, some users have reported inconsistent quality in support.
In terms of educational resources, Hankotrade offers limited materials. Basic tutorials and guides are available, but the lack of comprehensive educational content may pose challenges for beginner traders seeking to develop their skills.
Hankotrade provides services to a global audience, with a particular focus on the following regions:
It is essential for traders to be aware of the legal implications of trading with an offshore broker like Hankotrade, especially in regions where regulatory oversight is stringent.
In conclusion, while Hankotrade offers attractive trading conditions and a diverse range of products, potential clients should carefully consider the risks associated with trading through an unregulated broker. It is advisable to conduct thorough research and consider alternatives that provide stronger regulatory protections and more comprehensive support.
Gilbert Heb
Germany
I traded with HankoTrade a while back and I'm still impressed. Their trading platform is the generic MT5/MT4 which okay ,but the edge they have is that orders are executed rapidly, and their customer service is top-notch.
Positive
2023-11-06
Andree770
Germany
An area where HankoTrade really stands out is the MT5 Trading Platform, which offers a range of additional order types. I've found the Buy Stop-Limit and Sell Stop-Limit orders to be particularly useful in managing my trades.
Positive
2023-10-15
Exposure HankoTrade Case Review
Recently, WikiFX has unleashed two articles about HankoTrade and its possible downfall. In this article, we are connecting the clues to help you better understand this broker.
Exposure Alert: HankoTrade Facing Possible Downturn
Amidst an unsettling climate in the online trading community, HankoTrade, a prominent trading platform, has become the subject of intense scrutiny. Recent reports and discussions on social media point to allegations of price manipulation, a critical issue in the digital trading world. These allegations, if true, could undermine the trust and integrity crucial to online trading platforms.
Exposure Alert: The Rising Issues of HankoTrade
The risk of HankoTrade when investing has been rising recently. Issues of being unable to withdraw funds, price manipulation, and accounts suddenly closing
Exposure Alert: Alleged Price Manipulation on HankoTrade Platform
Urgent warning for traders: HankoTrade faces allegations of manipulating trading prices during their Hollowen promo, casting doubt on the broker's practices. Stay vigilant and verify broker regulation.
News WikiFX Review: Is Hankotrade an Attractive Broker Or Just Another Scam?
Hankotrade is a forex broker offering a series of financial instruments to its clients. Is this broker OK to invest in? WikiFX intends to tell you more about this broker that you may not know before.
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ChristopheS
France
The customer service at HankoTrade is accommodating and polite. They've met all my requirements, and I'm quite pleased with the service. Overall, everything is good.
Positive
2023-12-17