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 trader’s dream! Low spreads, minimal slippage, and speedy withdrawals- highly recommended to all forex and crypto traders.
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I’m so satisfied with the trading conditions Hankotrade broker provides. Their ultra competitive spreads and negligible commissions maximize my profit potential on every trade. Best of all, withdrawals are lightning fast – I can access my funds in just a few hours. This broker checks all the boxes for my trading needs: tight spreads, low commissions, and super speedy withdrawals.
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Hankotrade is a good broker for every type of trader. It’s spreads and fees are super affordable even for people like me to starts a side hustle in market. I am happy with hankotrade
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Hankotrade is undoubtedly a reliable and professional broker in the market that maintains transparency about their spread and commission costs. Their customer service is awesome and will always go above and beyond to help you so matter how small the query is.
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The spreads on GBP/USD and EUR/USD are super tight on ECN account! If you are a scalper Hankotrade won’t disappoint you. Give it a try
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Hats off to remarkable customer service of Hankotrade. I am always responded timely and helped whenever I face issues regarding my account or withdrawals. the team has always resolved my issues on the same day. Another thing that I appreciate about this broker is their commitment to process withdrawasl on time. Many brokers promise to send funds within a day but we all know its a hoax. But Hankotrade has never taken more than 3 to 4 hours to transfer my money back into my wallet. Good work Hanko!
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Hankotrade is a pretty reasonable broker especially for people like me who are just starting out in the trading world. The spreads are superb, the commission charges are low, and I opened my account with just $50 and after trading for over a month my balance is $367. Their customer team is great and never ever hesitated to respond to my queries to solve my issues. after reading a few scary reviews of hanko on different portals I was sure that I had lost my money and I wouldn’t get it back but thank God, Hanko isn’t a scam. I got all my money back within a few hours of requesting a withdrawal Phew!
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I have to say, I’m genuinely impressed with their service so far. The whole experience, from signing up to getting my questions answered, has been really great. And let me tell you, their website is super user-friendly, especially the FAQ section – it’s been a total lifesaver. But you know what truly amazed me? Their withdrawals are ridiculously fast! Whenever I needed to cash out, these guys processed it within just a few hours! It’s such a relief knowing I can get my money whenever I need it, without any hassle or delays.
I have to say, I’m genuinely impressed with their service so far. The whole experience, from signing up to getting my questions answered, has been really great. And let me tell you, their website is super user-friendly, especially the FAQ section – it’s been a total lifesaver. But you know what truly amazed me? Their withdrawals are ridiculously fast! Whenever I needed to cash out, these guys processed it within just a few hours! It’s such a relief knowing I can get my money whenever I need it, without any hassle or delays. Honestly, they’ve really got their act together unlike many other broker that I have dealt with.
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one of the no kyc broker =) it’s able to withdraw funds to different wallets, which is great for managing finances and preserving tax records. This flexibility is a major reason why I continue to use Hanko Trade as my go-to broker.
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I’m usually not one to write reviews, but I recently had a fantastic customer service experience with Hanko Trade that I feel compelled to share. When I reached out to their support team, I was impressed by the level of knowledge and kindness that they showed me. It was clear that they were committed to helping me navigate the world of trading and ensuring that I had the best experience possible.
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I just wanted to give a shoutout to this awesome forex broker hankotrade I’ve been using recently. The minimum deposit required to get started is seriously cool, and it’s been a game-changer for me as someone new to trading. I opened STP account with only $10 and the best part is that it is commission free.
It really made it easy for me to get started with forex trading without breaking the bank. The platform is user-friendly and easy to navigate, even for someone like me who’s not tech-savvy. Plus the customer support team is always quick to respond and helpful with any questions i have.
However, I do really wish hankotrade had some educational materials on their website…..it’s a bit frustrating having to go searching for resources elsewhere, especially as a beginner. It would be so much more convenient if they could include some tutorials or guides right there on their site.
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I have been trading for around 17 months now with a number of other brokers, and had a few issues with spreads blowing out and not being able to deposit during margin periods. So far with hankotrade everything has been smooth, the trading environment is very stable and the spreads are very good for 500-1 leverage. Very happy I have found a legitimate broker who has offered me exactly what I was looking for.
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My experience with Hanko Trade has been quite positive. I’m particularly happy with the ECN spreads on BTCUSD and US30, which are among the best I’ve seen.
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I have to say I’m pretty impressed with hankotrade’s withdrawal system. The whole experience, from registration to answering questions has been great. The website’s interface, particularly the FAQ section, is easy to navigate and helpful. But what really amazed me was instant withdrawals. Whenever I’ve needed to withdraw my money, these guys have been lightning fast in getting it processed – within just 4-6 hours. It’s such a weight off my mind to know that I can get my funds whenever I need them without any hassle or any delay
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So I’ve been using hankotrade for a few months now, and let me tell you, they’re pretty darn good. What I love the most about them is that they’ve never given me any trouble when it comes to withdrawing my money. I mean, seriously, as someone who’s been scammed by sketchy brokers in the past, it’s a huge deal to be with a company that’s so transparent and easy to deal with. Hanko really processes withdrawals super fast – I’ve always gotten my money within under 4 hours (rarely it goes up to 6 hours), which is pretty amazing. It’s one less thing to worry about, you know? they never hit you with any sneaky fees or hidden charges. What you see is what you get, which is quite rare in the world of trading.
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I’ve been trading with hankotrade for almost 7 months now, and I’m really impressed with their services and efficient withdrawals. I usually get my funds on the same day which is a big weight off my shoulders. And let me tell you about those margin requirements and spreads for trading in the indices and oil markets – they’re seriously amazing. It’s made investing in those markets so much more affordable and accessible for me, which is really important when you’re trying to turn a profit. It’s been a game-changer for me in terms of managing my investments and keeping my expenses in check.
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I absolutely love trading with hankotrade . They are hands down the best forex brokerage company I’ve ever tried. I have tried other brokers in the past but I am now a dedicated hankotrade customer for life. Their trading platform is so easy to use and I’ve never had a bad experience with it. And whenever I’ve had questions or needed help their customer service team has been nothing short of amazing. They always treat me with respect and courtesy which is so important to me as a customer.
Honestly I would recommend hankotrade to anyone who’s new to trading.
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Last week I deposited $4560 in my account and managed to make a profit of $381. I was pretty impressed with myself, haha 😉 But what really surprised me was how quickly I was able to withdraw my funds. I’ve never had such a smooth and speedy withdrawal process with any other broker before. It only took around 3 hours for me to get my withdrawal in my wallet. I know there are a lot of mixed reviews out there but my personal experience with hankotrade has been nothing but positive.
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I’ve been trading with hankotrade for some time now, and I’m impressed with the features they offer. Although there are swap fees, I appreciate that they are transparent and competitive compared to other brokers.
I love the minimal slippage on their trading accounts. They are quite reasonable compared to some renowned forex brokers I have encountered, and they have been transparent with their pricing. While the spreads may be tighter on four of the most popular pairs, I’ve found that this is similar to other brokers. The wide range of trading pairs they offer is definitely a plus, as I can easily diversify my portfolio.
The orders are filled on time, and the broker has continuously improved their systems and processes. I appreciate that they use small lot sizes to manage risk, which helps me feel confident that my capital is not at stake.
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As someone who’s been using this broker for a while, I have to say that I’m really impressed with their service. Their platform is easy to use, and I’ve never had any major issues depositing or withdrawing money when I need it. I have had a terrible experience with some brokers in the past where I had to wait for at least a week to get my money into my account. But I am so happy that hankotrade isn’t like them. Whenever I request a withdrawal from hankotrade, I usually get my withdrawal in my Coinbase wallet within 3-4 hours, and if there’s a delay they always email me to keep me in the loop. I think it’s awesome that they’re so transparent and responsive to their customers, especially regarding withdrawals. It shows that they really care about providing a great experience and making sure that every trader is happy.
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I have been trading with hankotrade for the last 2 months or so, and have had nothing but positive experiences. I recently requested a withdrawal and was pleased to see that it was processed within just 4 hours. I received my funds within the expected timeframe and had no issues. I am very satisfied with their service and would highly recommend them to anyone looking for a reliable forex broker.
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I’m always a bit nervous when it comes to withdrawing my profits, but with hankotrade I never have to worry. Their withdrawal process is speedy and easy to use. I’ve never had any issues with delays or complications unless there is a problem from my end. Overall, I’m very satisfied with their withdrawal process.
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I have tested Hankotrade for more than a month, and I have to say, I am impressed! The account creation was super-fast and simple, with constant guidance from the customer care team. The low deposits and commission-free accounts were a real delight because of my limited trading budget.
About the overall service – I am very happy about it too. The built-in chat provides quick replies to all your account queries. So far, hankotrade has not disappointed me! I hope it maintains its services and transparency in the future as well.
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I recently had a really positive experience with this broker. I was initially hesitant to trust them, especially after reading some negative reviews, but I decided to make a deposit of $500 and give them a chance. I’m so glad I did because the whole process was smooth and hassle-free. When I later requested a withdrawal of my funds, I wasn’t charged any hidden fees and received the full amount of $500 back in my account. Overall, I am impressed with the level of service and transparency Hankotrade provides. I highly recommend trying them and forming your own opinion based on your experiences with them.
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The good things about this broker are its fast execution, low spreads, and, thank god, no issues regarding withdrawal. The broker takes around 12 hours to sometimes 30 hours to send the funds. But, it is still better than some brokers that make you wait for 1 week or sometimes even more.
Hankotrade’s swap-free account and bonus and referral programs make trading even more exciting for traders like me.
If you are new to the FX world, Hankotrade will be your right partner.
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hankotrade is not trustworthy because they manipulate the price to take stop loss, this is their problem because their liquidity providers falter
then they blame you the trader
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While I was asleep, HankoTrade placed a trade on my account & it blew the remainder of my funds. My MT5 shows no activity in the journal at that time. The terminal shows a sell, & on the deals tab it shows that I bought. They offered me no help on this situation, stating that since the trade was placed at my IP address that there was no discrepancy on their part (obviously if it was a glitch in the system then it would still appear at my IP address). I asked why my trade conveyed two different messages (Buy & Sell), but they ignored my question.
I 110% recommend choosing another broker.
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Regulated or not, hankotrade is decent to trade. Trading conditions are good to go. Commission is cheap, based on 3 different plans. My suggestion – Use ecn one for better trading experience.
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Stumbled on them while looking for a broker.
Spreads and commission – tight and cheap.
Platform – need MT5 as well.
Withdrawal – no issues.
Good customer service.
Overall, a solid broker.
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