The internet is full of stories where naive traders got scammed because of trusting an unreliable broker. Selecting a Forex broker is an important decision; thus, it shouldn’t be made hastily or under the influence of some random person on the internet.
Always conduct thorough research to find the best Forex broker for yourself. You must read plenty of legit reviews and client testimonials to learn more about the broker.
Today’s post thoroughly reviews Hankotrade and its lucrative features for traders. So, let’s begin…
What is the Objective of Hankotrade?
Hankotrade was established in 2018 by a commendable group of traders. Hankotrade’s purpose is to provide its client with an outstanding trading environment to help them ace their trading and make a sustainable career in the trading world.
Promotional Offers and Referral Programs
Hankotrade offers 2 programs through which potential and existing traders can earn and grow their accounts. The first program is a 100% deposit bonus, and the second one is the Introducing broker program. Let’s discuss both programs in detail:
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100% Sign Up Bonus
Hankotrade offers a 100% bonus to traders on depositing a minimum of $100 into their trading accounts. The broker will credit the bonus as an additional margin, which the trader can use to open bigger positions.
This bonus is helpful for traders with limited trading resources who want to opt for bigger positions. Traders can use this bonus to leverage their accounts. For instance, if a person deposits $250 in his account. The broker will credit an additional $250 in his account, to be used as an additional margin.
Terms and Conditions
- The minimum deposit required to avail of this bonus is $100.
- Traders can enjoy the maximum bonus of $25K. They can either claim it in a single bonus of $25K or installments of deposits leading up to $25K.
Click here to get your first sign-up bonus.
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Introducing Broker Program
Hankotrade has also initiated a referral program, ‘Introducing Broker,’ that enables traders to earn a commission when they refer the broker to new traders.
Moreover, Hankotrade also commissions the trader if the client brought in by him initiates a trade.
What Trading Instruments Does Hankotrade Offer?
Hankotrade offers the following trading instruments:
- More than 60 currencies, including major and minor pairs,
- Gold and Silver,
- Energy products, UK Oil and WTI,
- 11 Major International Stock Indices,
- And cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
How Many Account Types Does Hankotrade Provide?
Hankotrade provides 3 major account types, STP, ECN, and ECN Plus account.
- STP account is the most basic trading account which can be opened with a small deposit of $10. The spreads on this account begin from 0.7 pips. The best part about this account is that it is commission-free, making Hankotrade the lowest commission Forex broker in the market.
- The second account type is ECN. Traders can open this account by making a small deposit of $100. The commission charged on this account is $2 per side per 100K traded. The spreads on this account are tight and as low as 0.0 pips. The low spreads on this account make Hankotrade one of the zero-spread Forex brokers in the market.
- The third account is a popular choice amongst traders. The deposit required to open this account is fairly large, i.e., $1,000. The spreads on this account are low, and the commission charged is only $1 per side per 100K traded. Traders can also enjoy the leverage of 1:500 on this account.
- Hankotrade also offers a swap-free Islamic account for its Muslim traders. They can enjoy all the benefits provided in the trading accounts while abiding by the Sharia laws.
Which Trading Platform Does Hankotrade Provide?
Hankotrade provides 2 popular trading terminals to its clients, MetaTrader4 and MetaTrader5. The infra paragraphs discuss the features of both trading platforms:
MetaTrader4
The Metatrader4 or MT4 platform is a popular choice of trading terminal amongst traders. It provides excellent speed, execution, and flexibility to traders. The smart features of MT4 include multiple modes for execution, pending orders, market orders, and overall a spectacular trading terminal for all levels of traders.
MetaTrader5
MetaTrader5 or MT5 is an advanced version of MT4 and includes fantastic features to kick up your trading game a notch or two. Its trader-friendly UI, along with multiple technical indicators, different timeframes, and smooth execution of complex strategies, enhances the traders’ performance.
Both trading platforms are available in web, desktop, and mobile applications to keep the trader connected to the trading market anytime, anywhere.
How to Open an Account with Hankotrade?
The account opening process at Hankotrade is seamless and only requires a few minutes. Traders can head to the broker’s website and navigate to the Register option on the homepage. Upon clicking the button, a registration form will appear asking for the basic details of the trader, such as name, email address, contact number, etc.
After filling up the form and agreeing to the broker’s terms and conditions, an OTP verification code will be sent to your email address. Traders must enter the code on the website and select their account type. That’s it!
The best part about their registration process is its quickness and no unnecessary filling of forms.
Customer Testimonials 2023
Hankotrade has served many Forex and cryptocurrency traders in the market. The traders have vouched for this broker’s reliability and outstanding services on plenty of authentic testimonial websites.
Take a look at some of the top and positive reviews earned by the broker on credible review posting forums:
Is Hankotrade a Legit Broker?
It is difficult for new traders to trust a broker because of the hundreds of scary scam stories circulating on the internet.
Hankotrade is not a new broker in the market. In fact, it has been operational for 5 years and serves traders all across the globe. Its services are widely praised and appreciated on many trading forums and websites.
You can visit Hankotrade’s website to learn more about its services and policies. Also, don’t forget to log on to credible websites to learn more about Hankotrade from its actual clients.
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