Hankotrade Review: Regulation, Fees and Accounts
Hankotrade
Seychelles
Your money is at risk
Hankotrade overview: what kind of broker is it?
Hankotrade is an STP, ECN forex and CFD broker based in Seychelles, founded in 2019.
Traders get MetaTrader 4 and MT4 Desktop, spreads from 0.0 pips, leverage up to 1:500 and a $10 minimum deposit. New clients can also check the current 25% Rescue Bonus.
Tradable markets include Forex Currencies, Cryptocurrency, Commodities, Indices, Stocks, Bonds, Futures.
Hankotrade broker specifications
Company and regulation
| Broker | Hankotrade |
|---|---|
| Regulated by | — |
| Type of broker | STP, ECN |
| Country | Seychelles |
| Foundation year | 2019 |
| Website | Visit Hankotrade website |
| Website languages | English |
Trading conditions
| Minimum deposit | $10 |
|---|---|
| Maximum leverage | 1:500 |
| Minimum spreads | 0.0 pips |
| Base currencies | USD, EUR, CAD |
| Tradable instruments | Forex Currencies, Cryptocurrency, Commodities, Indices, Stocks, Bonds, Futures |
| Hedging / scalping | Allowed |
| News trading | Allowed |
| Web trading | Yes |
| Mobile trading | Yes |
Bonus and promotions
| Current promotion | 25% Rescue Bonus |
|---|---|
| Welcome bonus | 100% Welcome Bonus |
| Standard no deposit bonus | No |
Contact details
| Telephone | +44 20 8123 9377 |
|---|---|
| Email / Skype | contactus@hankotrade.com |
| Fax | Not available |
| Head office | 7 Albert Street, Victoria, Seychelles |
| Contact form | Contact Hankotrade |
Hankotrade pros and cons
Pros
- 25% Rescue Bonus
- Low $10 minimum deposit
- Spreads from 0.0 pips, STP, ECN execution
- MetaTrader 4 and MT4 Desktop and more platforms
- Islamic, mini, VIP and managed accounts
- Free demo account
Cons
- No no-deposit bonus
- Bonus comes with trading-volume rules
Hankotrade account types
Hankotrade offers several account options so beginners and experienced traders can both find a fit. Live accounts start from a $10 deposit.
| Free demo account | Yes – practise with virtual money |
|---|---|
| Mini account | Yes – smaller trade sizes for beginners |
| VIP account | Yes – for high-volume traders |
| Islamic (swap-free) | Yes – no overnight swap charges |
| Swap-free account | Yes |
| Managed account | Yes |
| Segregated client funds | Yes |
Hankotrade broker: Key Facts
Discover the truth about Hankotrade broker in our comprehensive review. Uncover its features, trading platforms, account types, and more.
Related:
Official website: Hankotrade.
Learn more: What is forex trading? (Investopedia).
Hankotrade Broker Review
Hankotrade trading platforms
Hankotrade runs on MetaTrader 4 and MT4 Desktop, which give you advanced charts, more timeframes, an economic calendar and support for expert advisors. Web trading and mobile trading are both available.
Is Hankotrade safe and legit?
Hankotrade does not list a regulator on its profile, so treat it as an unregulated broker. The broker says client money is kept in segregated accounts, separate from company funds.
Always check the licence number on the regulator's own website. Offshore regulators do not offer the investor compensation schemes or leverage caps of top-tier regulators such as the FCA or CySEC, which is why leverage here can reach 1:500.
Our verdict on safety
Hankotrade suits traders who understand the risks of leveraged CFD trading. Start small, test a withdrawal early and use sensible leverage.
Risk warning: CFDs are complex instruments and carry a high risk of losing money quickly because of leverage. Only trade if you understand how CFDs work and can afford to lose your money.
Full Hankotrade review
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