Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Basic information from HankoTrade review
About the broker
| Web: | https://hankotrade.com |
| Supported languages: | English |
| Year of foundation: | 2019 |
| Holder: | Hankotrade LLC |
| Headquarters: | 7 Albert Street, Victoria, Seychelles |
| Methods of contacting customer support: | E-mail, phone, online chat |
| Contact: | contactus@hankotrade.com +44 20 8123 9377 |
| Deposit methods: | Bitcon Bitcoin Cash, Ethereum, Litecoin, Ripple |
| Withdrawal methods: | Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple |
About trading with HankoTrade
| Minimum deposit: | 10 USD |
| Min. trade: | 0.01 |
Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:500 |
| Spreads: | Look at the spread table - spread on the currency pair EUR/USD is 2.0 pips * on a standard account type |
Underlying assets: Might be a CFD. | Forex (45), cryptocurrencies (10) |
| Base currencies: | USD |
| Mobile app: |  |
| MetaTrader 4: | |
| Other trading platforms: | WebTrader |
| Social trading: |  |
Spreads & fees
Fees of most brokers change relatively often and unfortunately it is not in our possibilities to keep up-to-date information about fees at HankoTrade, of course you can find current info on their website https://hankotrade.com.
Spreads at HankoTrade on standard account*
| EUR/USD | GBP/USD | USD/JPY | EUR/GBP | USD/CHF | EUR/JPY |
|---|---|---|---|---|---|
| 2.0 | 0.2 |
* Spread was taken 17.09.2020 at 09:49 from the web or trading platform of HankoTrade.
Random reviews of competing CFD brokers: InvestFW, TenkoFx, ACYSecurities and HugosWay
Frequently Asked Questions
🧐 Is HankoTrade a scam?
We highly recommend you to read the user reviews on our website before you start trading with this brokerage company. It will help you to determine if HankoTrade is a scam or not.
🆓 How to open a free demo account?
Opening a demo account with HankoTrade is very simple, just register on their website.
📱 Does HankoTrade offer the best mobile app for trading?
HankoTrade offers a mobile trading app and you can definitely start trading with it. It is very difficult and subjective to determine if they feature the best mobile platform. However, you are welcome to test it yourself.
We compared some reputable brokers and their mobile trading apps, check out the comparison and be saved from the hassle of testing the HankoTrade mobile app.
We operate our website in full transparency, we recommend reliable brokers with an excellent reputation and we honestly admit to you that we receive commissions for that from these brokers. You can find the mentioned brokers in the table below with a clickable link to their site. You don't pay anything extra, you get a reliable business partner and you help us keep the website up and running. Thank you.
| Broker | English | Min. deposit | Spread EUR/USD* | Platforms | License | |
|---|---|---|---|---|---|---|
 | | 100 USD | 1.0 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of Etoro. | In-house built platform | FCAASICCySec | etoro.comreview EUR/USD*: 1.0 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of Etoro. |
 | | 0 | 0.9 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of XTB. | In-house built platform | FCA CySec | xtb.comreview EUR/USD*: 0.9 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of XTB. 74% of retail investor accounts lose money when trading CFDs with this provider |
 | | 100 USD | 0.8 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of Plus500. | In-house built CFD platform | FCAASICCySec | plus500.comreview EUR/USD*: 0.8 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of Plus500. 80% of retail investor accounts lose money when trading CFDs with this provider |
* The spread is variable for most brokers and changes depending on market volatility.
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Comparing spreads, fees, trading platforms, regulations and reading dozens of user reviews of all popular FX and CFD brokers is very time-consuming for every trader. That is why we have done all this hard work for you so you could already only start trading with a company that features a quick modern trading platform, a large variety of assets and a quick customer service. From our comparisons, all these criteria are met by Etoro 51% of retail investor accounts lose money when trading CFDs with this provider - advertising partner.
That is why it is important to choose the right one. Choosing the right broker often stands between profit and loss. Don't you know how to choose? We have prepared an independent article for you, which will help you with your broker selection. You will get to know, what factors are important to watch out for when you are choosing a forex/CFD broker.
If you have any experience with HankoTrade, please share it in the comments to help others to choose the suitable broker.
Hankotrade is a good brokerage with sharp spreads and variety of assets. I like their platform hankoX and everything works smoothly, no technical glitches or issues.
0
Whenever I had questions or needed assistance, Hankotrade’s customer support was there, quick and responsive. It’s refreshing to interact with a broker that actually listens and resolves issues promptly. Their team is professional, knowledgeable, and genuinely cares about their traders
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I am very satisfied with this broker. especially after they have upgraded their trading terminal. the fast execution and speed ensures that I don not miss out on good opportunities. also one thing that I would like to appreciate about this broker is its fast transactions. deposits and withdrawals are quick and honestly I don’t have to worry about it.
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Hankotrade is an outstanding broker with transparent cost structure and remarkable trading conditions. Been with them for over 2 years and now and never faced any issue regarding my money. I wouldn’t hesitate to recommend it to my friends.
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I’ve been trading with Hankotrade for over a year now, and I couldn’t be happier with their services. One of the standout features for me has been the seamless withdrawal process. Every time I’ve requested a withdrawal, the funds have hit my account in no time. It’s refreshing to work with a broker that prioritizes efficiency and reliability.
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Hankotrade offers excellent account options and a seamless trading experience with their HankoX platform. The execution speed is impressive, and withdrawals are super fast. Highly recommended!
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Started using Hankotrade a couple of months ago. Honestly? Best decision I’ve made for my trading. The spreads are tight, and the execution is lightning-fast. Can’t see myself switching anytime soon.
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I’m very satisfied with Hankotrade’s low fees and easy deposit and withdrawal systems making trading affordable for me. Moving funds in and out takes no time at all.
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Withdrawing funds from Hankotrade is pleasantly surprising considering that no broker that I have dealt with is quick in this regard. I also like the price alerts on the ActTrader platform. Super helpful and allow me me to enter the market at more advantageous price levels. I recommend Hankotrade
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My experience with HankoTrade has been generally positive, thanks to their low trading costs. ActTrader provides robust tools for analysis, although its complexity might be overwhelming for new traders. One of the standout features of ActTrader by Hankotrade is its ultra-fast trade execution. I’ve noticed minimal slippage, even during high volatility periods, which ensures I can enter and exit trades exactly when I want to.
HankoTrade seems okay for experienced traders due to tight spreads and a variety of leverage settings.
No kyc is a bonus
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Hankotrade is an excellent broker with low spreads and remarkable customer service. 10/10 recommended to everyone looking for a reliable broker and fast withdrawal
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Swap fees on Hankotrade fluctuate daily, but I’ve consistently found them to be very low than other places I have traded.
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Good trading conditions, fast execution, prompt support, and the best part? Quick transactions. What’s there to not like about Hankotrade? Going to stick with them for a while now
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I’ve been lucky to experience positive slippage on Hankotrade. Positive slippage occurs when my trade is executed at a better price than expected. When it happened, it was a surprise and boosted my trust in the fairness of their execution system.
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As a trading noob I love Hankotrade’s beginner friendly features. They also quickly process deposits and withdrawals without making me wait for days or weeks. If you are just starting out in the trading world, give hanko a try. their ECN account will help you in your trading journey.
0
I like that Hankotrade doesn’t limit my trading. I can hedge and do arbitrage freely. But it’s hard to do arbitrage because Hankotrade doesn’t have tick data. They say it’s because their platform can’t store all the ticks and it would slow down the servers. So, they don’t provide tick data for now.
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Hanko Trade’s quick order execution and little slippage are essential for my trading strategy. I use an EA for barcode scalping on M1 and M5 charts. This strategy involves fast trading in high volumes, needing precise entry and exit points. With Hanko Trade, I can quickly execute trades, making the most of fast-moving markets. Low slippage means my trades happen at the right prices, boosting the effectiveness of my scalping strategy. Overall, Hanko Trade’s platform works perfectly for barcode scalping, thanks to its fast execution and minimal slippage.
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I prefer using the ACT Trader platform on Hanko Trade over MetaTrader because it shows swap values in USD, which is easier to understand. At first, I was sad when they took away MetaTrader. But then, I found out that ACT Trader is actually better.
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At Hanko Trade, I’ve experienced a level of service that truly stands out. Their responsiveness to even the smallest issues speaks volumes about their commitment to client satisfaction. It’s also great that their spreads dont widen during market fluctuations – spreads remain consistent, providing a dependable trading environment. true ecn spreads and comissions.
Overall, my experience with Hanko Trade has been positive, and I can recommend to fellow traders.
0
I find it quite simple to steer clear of trading commissions while still enjoying competitive spreads, and HankoTrade makes this possible. Using their STP account, I’ve observed an average spread of around 0.7 pips, which is satisfactory. What I appreciate more is that they don’t manipulate or widen the spread, allowing me to avoid paying commissions that would be incurred on an ECN account. While it might not be widely known, a 0.7-pip spread is often lower than the $2 commission on an ECN account, making HankoTrade a cost-effective choice for my trading.
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I’ve tried a few brokers with low spreads, and it seems I’ll be staying with Hankotrade. They process my orders quickly, and even though they don’t have copy trading, copying my trades through an outside provider is easy. Their low costs and raw spreads give me a little extra profit, making trading with Hankotrade a good choice for me.
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Now, counting gold pips is a bit of a puzzle, so let’s talk dollars for slippage. A 0.50 lot faced no slippage, a 1 lot incurred a negligible $0.01 slip, and both hit SL simultaneously with a minimal $0.02 slippage.
The spreads are thin, and factoring in the cost per trade, the average trade cost beats most brokers I’ve encountered. Planning to process a withdrawal next week for the profits and will update on the timing, pending the platform allows post edits!
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I’ve been with HankoTrade for two years, and despite my initial worries about an unregulated broker, it’s been surprisingly good. When MetaQuotes removed MT5, I thought it might be a problem, but HankoTrade quickly introduced ACT Trader, so I can still trade. I have to figure out ACT Trader a bit, but at least I know I’ll have a platform to trade on when I come back, and my money is safe. The lack of strict rules seems to help HankoTrade adapt faster and keep providing service. While it’s important to be careful with unregulated brokers, HankoTrade has proven reliable and flexible in my experience.
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I recommend this broker, especially for those who like bonuses linked to leverage. rading EUR/USD with HankoTrade’s ECN account is fantastic. They offer 0 pip spreads on this pair, making trading cost-effective. The quick trade execution and flexible leverage, up to 1:500, create an exciting trading experience, especially during favorable market movements.
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I’ve tried out my EA on different ECN brokers, and I always had problems with order execution when using high-frequency settings on different platforms. Even though I was hesitant about Hankotrade because it’s relatively new, it surprised me by being the only ECN broker where my EA worked smoothly without missing any orders. Hankotrade has proven to be reliable, surpassing more established platforms when it comes to accurately executing orders, despite its relatively short time in the market.
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