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Review of Hankotrade Broker

Written by Jimmy Rustling

In this comprehensive Hankotrade review, we will explore its features, services, and customer feedback. We will analyze its trading platforms, instrument variety, account options, fees, regulations, and customer support.

By the end of this review, you will gain valuable insights into Hankotrade’s pros and cons, enabling you to make an informed decision about trading with this broker.

What Sets Hankotrade Apart from Its Competitors in Terms of Spreads and Commissions?

Hankotrade stands out from its competitors by offering some of the lowest spreads and commissions in the market. This means traders can enjoy more cost-effective trading, maximizing their potential profits while minimizing additional costs.

How Does Hankotrade Provide a Cost-Effective Trading Experience for Beginner Traders?

Hankotrade provides a cost-effective trading experience for beginner traders through its low commission charges. Starting from $0 on the STP account to $1 per side per $100K traded on ECN Plus accounts, these nominal commissions allow beginners to maximize their profit potential and reduce expenses.

Is Hankotrade a Zero-Spread Forex Broker?

Hankotrade offers the advantage of zero spreads on its ECN and ECN Plus accounts. This means traders can enter or exit the market without incurring additional charges. Zero spreads provide a more transparent and cost-effective trading environment, allowing traders to make more informed decisions and potentially increase their profits.

The ECN and ECN Plus accounts are proof that Hankotrade is a zero-spread Forex broker for traders.

How Much Leverage Does Hankotrade Offer?

Hankotrade provides a leverage ratio 1:500, allowing traders to open larger positions with less capital. This high leverage enables traders to amplify their potential profits. However, it’s important to note that higher leverage also increases risk, and traders should use it responsibly and consider their risk tolerance.

What Is the Significance of Hankotrade’s 100% Deposit Bonus for New Clients?

Hankotrade offers a 100% deposit bonus for new clients. This means that when new clients open a trading account and make their first deposit, they receive a bonus equal to their initial deposit, doubling their trading capital. The deposit bonus provides traders additional funds to enhance their trading opportunities and profitability.

What Channels Are Available for Customer Support and Assistance at Hankotrade?

Hankotrade offers multiple channels for customer support, including a contact form, phone support, Skype, and live chat on its website. This ensures clients can easily contact the customer support team for any inquiries, issues, or assistance.

 The prompt and reliable customer support provided by Hankotrade helps traders have a smooth and satisfying trading experience.

What Is the Minimum Deposit Required to Open an Account with Hankotrade?

The minimum deposit requirement to open an account with Hankotrade is $10. This low minimum deposit allows traders to start trading with a smaller amount of capital and gives them access to the STP account, which offers zero-commission trading with spreads as low as 0.7 pips.

Which Trading Platforms Does Hankotrade Offer to Its Clients?

Hankotrade offers two popular trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), to its clients. Both platforms are available in web, desktop, and mobile applications, providing traders flexibility and convenience. MT4 is known for its speed and execution, while MT5 offers a more advanced interface, multiple technical indicators, and the ability to execute complex trading strategies.

Is Hankotrade a Regulated Broker in The United States?

Hankotrade is a regulated broker licensed and overseen by Seychelles’s Financial Services Authority (FSA). While it is not regulated by financial authorities in the United States, traders from the US can still trade with Hankotrade.

How Long Does Hankotrade Take to Process Withdrawal Requests?

Hankotrade aims to process withdrawal requests as quickly as possible. In most cases, traders can expect to receive their funds within 4 to 8 hours of requesting the withdrawal. Hankotrade prioritizes quick withdrawal processing to ensure traders have timely access to their funds.

Additionally, it’s worth noting that Hankotrade does not charge any withdrawal fees on its clients’ accounts, further enhancing the convenience and cost-effectiveness of its services.

Hankotrade Client Reviews

Customer testimonials about Hankotrade highlight several positive aspects of the broker. Traders have praised Hankotrade’s competitive trading conditions, efficient customer service, and fast withdrawal processing times.

The user-friendly trading platforms, diverse selection of trading instruments, and reliable customer support have also been noted as positive aspects of the broker. These testimonials affirm that Hankotrade is a trustworthy and reliable broker that provides a satisfying trading experience for its clients.

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How Profitable Is Hankotrade as a Forex Broker for Traders?

Hankotrade can be a profitable broker for traders due to its low spreads, nominal commissions, negative balance protection, and high leverage of up to 1:500.

These factors can help traders reduce costs, protect their capital, and earn larger profits. However, it’s important to note that trading always involves risks, and individual trading strategies and skills play a significant role in determining success.

While Hankotrade can enhance the chances of success, traders should evaluate their risk tolerance and make informed decisions.

The Final Verdict: Should You Consider Hankotrade for Your Trading Needs?

Based on the review, Hankotrade is a reputable broker that offers various trading instruments, bonuses, and competitive commissions to enhance the trading experience. The broker’s minimum deposit requirement is affordable, and their customer support is prompt and reliable. With user-friendly trading platforms and positive customer testimonials, Hankotrade emerges as a reliable and trustworthy option for traders. To better understand Hankotrade, traders can visit their website and even open a demo or STP trading account with a small deposit of $10.

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About the author

Jimmy Rustling

Born at an early age, Jimmy Rustling has found solace and comfort knowing that his humble actions have made this multiverse a better place for every man, woman and child ever known to exist. Dr. Jimmy Rustling has won many awards for excellence in writing including fourteen Peabody awards and a handful of Pulitzer Prizes. When Jimmies are not being Rustled the kind Dr. enjoys being an amazing husband to his beautiful, soulmate; Anastasia, a Russian mail order bride of almost 2 months. Dr. Rustling also spends 12-15 hours each day teaching their adopted 8-year-old Syrian refugee daughter how to read and write.