With thousands of trading brokers present in the trading market, is Hankotrade the most competitive trading broker among them in 2023?
Should you update your trading broker to Hankotrade?
Let’s find out the answers to all these questions in today’s article where we take a deep dive into Hankotrade broker’s services and features.
So let’s get started.
Hankotrade is a Dubai, UAE-based company regulated by the Financial Service Authority of Seychelles started its brokerage services back in 2018, and since then it has achieved significant milestones as a trading broker.
Is Hankotrade the Lowest Spread Broker in The Market?
Hankotrade is rightfully a zero-spread Forex broker among traders due to their tight spread values. It’s important to note that these spread values vary in different accounts of Hankotrade, but they are still significantly low as compared to the market.
The spread values are classified as follows:
- Starting from 0.7 pips in the STP account
- As low as 0.0 pips in ECN and ECN Plus account
Is Hankotrade Broker Regulated in The USA?
Hankotrade is a regulated broker under the Financial Services Authority of Seychelles (FSA), a highly reputable authority that ensures the broker operates with transparency and follows all the legal formalities.
While Hankotrade is currently not regulated in the US region, traders from the USA can confidently use Hankotrade broker without any hesitation as their trading activities are protected by the strict regulations and oversight of the FSA.
Hankotrade’s FSA license is a testament to the broker’s commitment to providing a reliable and trustworthy platform for traders worldwide.
What Is the Minimum Deposit Required by Hankotrade to Open an Account?
Hankotrade requires a minimum deposit of $10 to open an account. Traders can open a basic STP account with this minimal investment and enjoy the services of Hankotrade broker. However, this price may go up as users update their account type to advance accounts like ECN and ECN plus.
The breakup of different deposit requirements for each account is listed as follows:
- $10 for STP
- $100 for ECN
- $1000 for ECN PLUS
What is the ‘Introducing Broker’ Program of Hankotrade?
Hankotrade’s Introducing Broker Program provides an opportunity for individuals or organizations to earn commissions by referring new clients to the broker. Through this program, traders can invite other traders via an affiliate link and earn up to 40% profit when the referred client wins a trade.
By participating in the Introducing Broker Program, traders can leverage their network and connections to earn commissions on the trading activities of their referred clients. The program is open to anyone who wishes to participate, and there are no upfront fees or charges to join.
For more details, visit: https://hankotrade.com/ib
Does Hankotrade Provide a Swap-Free Account for Muslim Traders?
Hankotrade understands that some Muslims cannot trade using a commission model because of their beliefs. To help these traders participate in the financial markets without compromising their faith, Hankotrade has created an Islamic account that is shariah-compliant. This special account allows Muslim traders to trade without breaking their religious rules
Does Hankotrade Provide a Sign-Up Bonus?
Yes, Hankotrade does provide signup bonuses to its traders also known as a 100% sign-up bonus. This promotional offer requires traders to deposit a minimum of $100 into their trading accounts. Once the deposit is made the same amount is credited to the trader’s account as a signup bonus reward.
Does Hankotrade Provide Negative Balance Protection?
Undoubtedly Hankotrade is a secure trading platform that ensures that their client’s investment is safe from any unfortunate circumstances. Hankotrade has a negative balance protection feature present in every account type which saves traders’ investments from any trading disaster that can occur due to certain economic conditions or blunders made by the traders themselves.
How Can Traders Contact Hankotrade Broker?
Hankotrade provides several contact options to its users, which are enlisted below:
Live Chat Assistance
This option can be accessed by navigating to the traders’ homepage. A message icon will appear at the right bottom of the homepage. Traders can chat with Hankotrade’s assistant for quick responses.
Some queries are more detailed and need special attention to details. So for this Hankotrade has provided a contact form on their contact form page. Users can fill up this form with their contact details and queries, and they will soon be reached with an appropriate response.
Hankotrade can be reached at the contact number +2347465136225 as provided on their contact page.
Which Trading Terminals Does Hankotrade Offer?
Hankotrade provides options for both MetaTrader4 and MetaTrader5 as trading terminals. It’s best to choose a trading terminal according to your need and experience.
If you are unsure of which trading terminal to choose you can try it out first in demo accounts to make a more informed decision.
Does Hankotrade Have a Verified User Base?
Yes, every trader on Hankotrade’s platform is registered and verified. This means that there are no fake traders on this platform which makes it a more reliable choice for traders.
The verification process for Hankotrade brokers is simple, traders just need to fill up the signup form with appropriate and accurate information to get verified.
Is Hankotrade a Reliable Broker?
Overall Hankotrade is a well-received trading broker among traders. Hankotrade has received an overwhelmingly positive rating on Trustpilot.com with 4.7 stars with more than 400 reviews appreciating the broker for its remarkable services.
Take a look at some of the top Hankotrade reviews on different platforms:
Final Verdict: Should You Consider Hankotrade as Your Trading Broker?
If you’re looking for a reliable and trustworthy trading broker, Hankotrade should definitely be on your radar. With a plethora of impressive features available for just $10, this broker offers excellent value for money.
After conducting an unbiased and thorough review of Hankotrade, we believe it’s a reputable broker that can enhance your trading journey. Ultimately, the decision to give it a try is up to you, but we highly recommend considering Hankotrade.
Regardless of your decision, we wish you the best of luck in your trading endeavors.