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What is Hankotrade?

Hankotrade operates as a worldwide broker for Forex and Cryptocurrency, led by a proficient team that comprehends traders' requirements in the market.

The broker provides a diverse selection of trading options, including 62 major currency pairs, 3 cryptocurrency pairs, 11 international stocks, precious metals, and 2 energy products.

Hankotrade aims to enhance the trading experience for investors by granting them access to a robust foreign currency platform. Since its inception in 2018, the organization has been committed to delivering exceptional investment opportunities along with a range of effective trading tools.

The numerous favorable reviews, various account types, low initial deposit requirements, competitive spreads, and efficient features suggest that Hankotrade is a trustworthy brokerage.

Additionally, the process for new traders to create accounts is straightforward, as they can simply visit the website and fill out the necessary registration forms with ease.

Overall, Hankotrade stands out in the trading industry by prioritizing user experience and providing valuable resources for traders at all levels.

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Company Facts

Company Name:
Hankotrade
Date Founded:
2018
Company Location:
Seychelles
Company Website:
hankotrade.com
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Product Details

Deployment
SaaS
Training Options
Online Training
Support
24 Hour Support
Web-Based Support

Product Details

Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Startup
Supported Languages
English

Hankotrade Categories and Features

  • Reviewer Name: David P.
    Position: Insurance Agent
    Has used product for: Less than 6 months
    Uses the product: Weekly
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Hankotrade's ECN account is really worth it

    Date: Apr 17 2023
    Summary

    I've written a lot of reviews on different websites and I try to be fair and give helpful information, so others can make informed decisions when choosing a broker. Unfortunately, there are some people on the web who write fake and negative reviews, which is a big problem for everyone who uses brokers. I've been trading for 6 years and recently tried out Hankotrade by opening its ECN account.

    Positive

    I am really impressed with Hankotrade's services. They offer good spreads and you can trade many different instruments. Their support team is great too, and they actually know their stuff and instantly help you with any questions or concerns you may have. So good to have a broker like Hankotrade.

    Negative

    They need to upgrade their forex trading VPS in my opinion.

    Read More...
  • Reviewer Name: Phillip S.
    Position: Teller
    Has used product for: Less than 6 months
    Uses the product: Weekly
    Org Size (# of Employees): 1,000 - 4,999
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Smooth and quick withdrawals every time with hankotrade

    Date: Mar 25 2023
    Summary

    Hankotrade's withdrawal mechanism is promisingly fast and efficient when compared to other brokers. Moving my trading account funds to my personal account is an absolute breeze. What's even better is that all transaction requests are processed without any hiccups, saving me precious time and efforts.

    Positive

    I love how I don't have to wait for days to get my withdrawal. Hankotrade usually processes my withdrawals within 24-36 hours.

    Negative

    The only thing that I don't like about this broker is its customer support. They are really slow at times.

    Read More...
  • Reviewer Name: Carson R.
    Position: Sales Manager
    Has used product for: 6-12 Months
    Uses the product: Weekly
    Org Size (# of Employees): 26 - 99
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    I decided to switch from an STP account to an ECN account.

    Date: Sep 20 2023
    Summary

    I started with HankoTrade on their STP account, and while it was a good entry point with its low minimum deposit of $10 and zero commissions, I found myself wanting a bit more. So, I decided to switch to their ECN account.

    I saw the potential of tighter trading conditions for My Bot. The commission of $2 per side per $100k traded seems reasonable. Also, the GMT+2 server time aligned well with my trading preferences. The fact that EA's, hedging, and scalping were allowed on both accounts gives me the flexibility I needed.

    All in all, while I started with the STP account, moving to the ECN option made sense given the improved trading conditions and potential for more precise trades.

    Positive

    Good trading conditions for trading, clear trading platform. The support team responds quickly to requests.

    Negative

    This broker does not have market analysis. No training materials.

    Read More...
  • Reviewer Name: Becca R.
    Position: Stocks Broker
    Has used product for: Less than 6 months
    Uses the product: Daily
    Org Size (# of Employees): 26 - 99
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Impressive liquidity and low slippage

    Date: Apr 10 2023
    Summary

    I recently opened my account with Hankotrade as the spreads with my previous broker were very high. I began trading with them and was able to make some decent profits. Their slippage and low spreads are the best.

    When I opened a position of 1 lot on the EUR/USD pair, I experienced no slippage on entry or exit. Similarly, when I opened a 0.5 lot position on the USD/JPY pair, there was only a minimal slippage of 0.1 pips on entry and none on TP.

    It's worth noting that people count pips in gold differently, so I'll use monetary values instead. I opened a 0.1 lot position and experienced no slippage, while a 0.5 lot position had only a 0.02 slippage. Both positions hit the SL at the same time, with only a 0.06 slippage.

    Positive

    Hankotrade offers insanely tight spreads which brings down the average trade cost compared to most other brokers. I will process my withdrawal next week and I really hope that Hankotrade doesn't make me beg for my own money. Fingers crossed!

    Negative

    Their trading VPS appears to be a bit slow. I have already lodged a support ticket to resolve this.

    Read More...
  • Reviewer Name: Charlie M.
    Position: Credit Officer
    Has used product for: 6-12 Months
    Uses the product: Daily
    Org Size (# of Employees): 20,000 or More
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Been with Hankotrade for 7 months now

    Date: Apr 05 2023
    Summary

    After trading with Hankotrade for 7 months now, I can confidently say that I'm delighted with their services. Hankotrade offers a wide range of features and their recent update has made the experience even better. Their trading platform is seamless, and the spread on the trading account is excellent. I also got commissions when a friend of mine opened and registered through this platform on my recommendation. I am starting to trust Hankotrade and looking forward to availing all of their amazing offers.

    Positive

    I like their fast customer service, low deposits requirement, and negative balance protection feature the most.

    Negative

    I am glad that Hankotrade facilitates its clients at every step of trading. The only thing I'd like to suggest to this broker is to add more crypto pairs for deposits.

    Read More...
  • Reviewer Name: Gray C.
    Position: Investment Client Associate
    Has used product for: Less than 6 months
    Uses the product: Weekly
    Org Size (# of Employees): 1,000 - 4,999
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    An outstanding overall broker

    Date: Mar 22 2023
    Summary

    After reading several Hankotrade reviews, I can confidently say that I'm not the only trader who speaks highly of this broker. Many traders commend the company for good reason. Hankotrade's services operate flawlessly, from deposit transactions to profit withdrawals.
    In my opinion, Hankotrade is an outstanding broker, and I wouldn't hesitate to recommend it to my friends.

    Positive

    - There is a wide variety of trading platforms and accounts available.
    - This broker ensures safety of your funds.
    - The maximum leverage of 1:500 is a real delight for traders like me.

    Negative

    Hankotrade should really introduce cTrader. It has smarter tools and options that are helpful for forex trader.

    Read More...
  • Reviewer Name: Shawn F.
    Position: Retailer
    Has used product for: 6-12 Months
    Uses the product: Weekly
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Great trading conditions

    Date: Aug 15 2023
    Summary

    Hankotrade broker is truly praise worthy for its offerings. I really appreciate their trading conditions, low spreads, low commissions, and notably their fast withdrawal service. Throughout my experience, I have never encountered inconveniences when withdrawing my funds.

    Positive

    I like this broker's customer service which is always ready to help. Their remarkably low spreads and commission, and the withdrawal process is simply too good. It is super fast.

    Negative

    Just one drawback of this broker is that it only accepts crypto. It would be great to have bank option as using crypto is not always convenient for me.

    Read More...
  • Reviewer Name: Antimo C.
    Position: Sales Manager
    Has used product for: Less than 6 months
    Uses the product: Weekly
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    A broker that does not interfere with trading

    Date: Apr 22 2023
    Summary

    I recently switched over to Hankotrade from a broker that was constantly spamming me with promotional offers and emails to trade more. Let me tell you, it's been a breath of fresh air. Hankotrade only sends emails when it's necessary, such as for server maintenance. It's nice to be able to focus on trading without being bombarded by marketing messages all the time.

    Positive

    Good technical support, competitive spreads. The platform is convenient and understandable for trading.

    Negative

    Few crypto pairs to deposit. There is a delay with the withdrawal of funds 2-3 hours.

    Read More...
  • Reviewer Name: Henry D.
    Position: Quality Control Assistant
    Has used product for: 6-12 Months
    Uses the product: Weekly
    Org Size (# of Employees): 500 - 999
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Smooth execution and tight spreads are a win-win

    Date: Oct 16 2023
    Summary

    I trade fx currency pairs and crypto on Hankotrade's platform and up till now I have no major complains. I am satisfied with the commission charges, withdrawal speed, and slippage is also on-existent. All in all a good broker.

    Positive

    I started trading with Hankotrade's STP account but recently upgraded it to ECN Plus account which is spread free. the commission charges are quite attractive and overall the platform works quiet smoothly.

    Negative

    1. Hankotrade's customer team needs to step up their game. The chat agent on their website sometimes takes very long to replay.

    2. I was disappointed that Hankotrade doesn't offer any educational material or market forecasts on its website.

    Read More...
  • Reviewer Name: Tyrese L.
    Position: I trade with a broker
    Has used product for: 6-12 Months
    Uses the product: Daily
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Good broker.

    Date: Nov 19 2023
    Summary

    I can say that it's a really great broker company. I like their RULES and RESTRICTIONS they have for trading with them. Which is NO RULES.
    I trade FOR THE DAY and EVERYDAY I make a withdrawable profit, I have it on the same day. Shoutout to Hankotrade- The real MVP.

    Positive

    Great brokerage company. Fast withdrawal of funds. Good and clear platform for trading. Technical support responds quickly.

    Negative

    While I'm trading here, I haven't seen any cons. There are some downsides, but they don't bother me yet.

    Read More...
  • Reviewer Name: Michael J.
    Position: Customer Support Representative
    Has used product for: 2+ Years
    Uses the product: Weekly
    Org Size (# of Employees): 26 - 99
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Experiencing top notch trading conditions from the last 2 years :)

    Date: Apr 17 2023
    Summary

    I have been trading with Hankotrade since 2021 and they've never let me down. They're a super reliable and trustworthy broker. Their trading conditions are top-notch with some of the lowest spreads in the industry.

    Positive

    Over the past year I've noticed that they've really upped their game when it comes to UX and their live chat is incredibly helpful and responsive - it's like having a personal trading assistant. I would highly recommend Hankotrade to everyone.

    Negative

    I would suggest adding more withdrawal and deposit options. Currently, it's only limited to crypto.

    Read More...
  • Reviewer Name: Daniel S.
    Position: Call center-sales agent
    Has used product for: 1-2 Years
    Uses the product: Weekly
    Org Size (# of Employees): 100 - 499
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Best beginner-friendly broker

    Date: Jun 14 2023
    Summary

    Hankotrade is a pretty good broker for beginner traders. Their STP and ECN account have super good features that are really helpful to get started with the trading without investing too much of your money. Plus, they are quick about processing deposits and withdrawals which is honestly a big relief that my money is safe and i'll get it whenever i want.

    Positive

    I loved Hankotrade's beginner friendly features and the fact that they quickly process deposits and withdrawals without making me wait for days or weeks.

    Negative

    Hankotrade's customer service via email is not good. they take ages to reply back to queries on email.

    Read More...
  • Reviewer Name: A Verified Reviewer
    Position: Photographer
    Has used product for: 1-2 Years
    Uses the product: Weekly
    Org Size (# of Employees): 26 - 99
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    No Issues to date

    Updated: Aug 07 2023
    Summary

    My experience with Hankotrade broker has been consistently positive. I've encountered no issues to date and honestly I am really happy about it. Hankotrade's seamless services, epic customer service, and quick withdrawals make it an amazing platform for every type of trader.

    Positive

    Their customer service is commendable, and the crypto currency withdrawal option adds another layer of convenience for me.

    Negative

    The broker doesn't have advanced trading tools and a good VPN. But other than that, everything else is just great!

    Read More...
  • Reviewer Name: Anderson N.
    Position: Trade Officer
    Has used product for: 1-2 Years
    Uses the product: Weekly
    Org Size (# of Employees): 20,000 or More
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Trading with hankotrade for over a year with no problems

    Date: Apr 01 2023
    Summary

    I consider myself a satisfied customer of Hankotrade. I'm genuinely pleased with their services across the board. That's why I've stuck with them for my trading needs for over a year.

    Positive

    I've found that everything from their deposit and withdrawal services to their customer support is reliable and efficient. Additionally, their order execution speed is impressive and has helped me make the most of my trades.

    Negative

    This broker doesn't offer much in the way of educational materials or market analysis for new traders. This could be a bit of a challenge for those who are just starting in the world of trading and looking for some guidance.

    Read More...
  • Reviewer Name: Milan S.
    Position: Guest Servces Spervisor
    Has used product for: 2+ Years
    Uses the product: Weekly
    Org Size (# of Employees): 500 - 999
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    A complete package of excellent features, service, and reliability

    Date: Jul 15 2023
    Summary

    I signed up with Hankotrade 2 years back and don't regret my decision. This broker has everything that traders like me need. It's fast, reliable, charges nominal commission, and is always available to help. Hankotrade is also super fast when it comes to money matters. My deposits and withdrawals are never delayed and always on time.

    Positive

    I love the broker's tight spreads on ECN Plus account, small commission rates, fantastic around the clock customer service, and easy to use website and client portal.

    Negative

    The broker should upgrade its trading tools. the ones available are for babies and not of practical use. Other than that everything is good.

    Read More...
  • Reviewer Name: Fatim E.
    Position: Management Trainee Officer
    Has used product for: 6-12 Months
    Uses the product: Weekly
    Org Size (# of Employees): 1,000 - 4,999
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Super fast order executions

    Date: Apr 26 2023
    Summary

    I've been trading with these guys for about 7 months now and I must say, they're pretty solid. They've got all the features I need and their recent update is seriously impressive and has made order execution faster than ever.

    Positive

    24/7 fast support.
    Low commissions.
    Deposit bonus (for real!)
    Quick instant withdrawals.

    their major pros..

    Negative

    They only take deposits and issue withdrawals via crypto. Unfortunately they don’t have other methods. Sigh :’(

    Read More...
  • Reviewer Name: Elijah S.
    Position: Assistant hotel manager
    Has used product for: 1-2 Years
    Uses the product: Monthly
    Org Size (# of Employees): 1,000 - 4,999
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Great customer support, excellent trading conditions, low spreads

    Date: Jun 16 2023
    Summary

    Hankotrade has been my forex and crypto broker for more than a year now. I opened the ECN account with them and to date I haven't faced any big issues related to spreads or commission. I like their leverage and negative balance protection. It allows me to trade peacefully.

    Positive

    I like their friendly customer support team and their quick withdrawal processing. I have always received my money in around 6 to 7 hours. I don't know why people call them scam of complain about late withdrawals.

    Negative

    The broker only accepts deposits and withdrawals via crypto and it is not convenient every time. It must arrange something else for non-crypto people.

    Read More...
  • Reviewer Name: George K.
    Position: Backend Developer
    Has used product for: 1-2 Years
    Uses the product: Weekly
    Org Size (# of Employees): 1,000 - 4,999
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    HANDS DOWN THE BEST BROKER!

    Date: Aug 02 2023
    Summary

    I can't express how thrilled I am with Hankotrade. Starting with just $250 for a test, I withdrew it without any hassle. Then, I increased my investments to $500 and even $5000, and each time, the withdrawals went through smoothly. What really stands out is their support team - they're so knowledgeable and ready to help everytime making it easy to communicate and get help when needed. And here's the best part - they don't pressure me to invest more or try to push any unwanted decisions on me. It's refreshing to deal with a broker that genuinely values their clients.

    Positive

    I really like their Helpful customer service, hassle-free withdrawals, swift execution, low commission charges, and transparency in fees and other charges.

    Negative

    The only small downside I've noticed is that the spreads can be a bit larger on crypto pairs. But honestly, I don't mind it at all, especially when compared to the shady practices of some other brokers out there. With Hankotrade, I feel like I can trust them completely. They've won me over, and I'm sticking with them for the long run.

    Read More...
  • Reviewer Name: Richard W.
    Position: Compliance Supervisor
    Has used product for: Less than 6 months
    Uses the product: Weekly
    Org Size (# of Employees): 26 - 99
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Amazed by their fast execution times and no manipulations at all.

    Date: Apr 19 2023
    Summary

    If you're just starting out in the trading world, I highly recommend giving Hankotrade a shot. They offer great opportunities for newbie traders including a zero-commission account and top-notch customer service that's always there to assist you.

    But even if you're a seasoned pro, don't overlook Hankotrade. Their fast order execution, coupled with the reliable and responsive support team, make them the best broker of the trading world. Trust me it's worth giving Hankotrade a try.

    Positive

    Hankotrade's spreads are super tight with no shady manipulations while trading. Really hope they remain honest and transparent like this.

    Negative

    I have a suggestion for this platform. It does not provide any market information or insights on its website or dashboard. Would really help me out if Hankotrade posted detailed analysis or something on its website

    Read More...
  • Reviewer Name: Nathan K.
    Position: Business Developer
    Has used product for: Less than 6 months
    Uses the product: Daily
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Finally a Forex broker that offers tight spreads

    Date: Apr 01 2023
    Summary

    I absolutely love every aspect of this platform - trading here is a complete and seamless experience with no loopholes. I can easily manage my entire portfolio without needing any additional tools or platforms.

    Positive

    I like that Hankotrade offers a wide range of features, competitive spreads, and an inventory full of assets from different asset classes.

    Negative

    One drawback of this broker is that they only accept deposits via cryptocurrency, which may not be convenient for traders who prefer to use other payment methods.

    Read More...