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: | hankotrade.com |
| License: | |
| 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 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: Capital, NaturelFX, CJCMarkets and Glenm
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.
⚖️ Would you recommend me HankoTrade?
HankoTrade is one of tens (possibly hundreds) of brokers operating in the European Union, Australia, New Zealand, Great Britain and United States of America, and that's why it makes no sense to choose HankoTrade as a broker where you trade before you compare it with competitors.
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 26.04.2024 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 26.04.2024 at 11:12 from the web or trading platform of Etoro. |
 | | 0 | 0.9 pips Spread was taken 26.04.2024 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 26.04.2024 at 11:12 from the web or trading platform of XTB. |
 | | 100 USD | 0.8 pips Spread was taken 26.04.2024 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 26.04.2024 at 11:12 from the web or trading platform of Plus500. |
* 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.
I recently started trading with Hankotrade, my first ECN broker, and it’s been a smart move. Their ECN conditions, along with a low $2.50 per lot commission on FX, make more sense to me than dealing with unpredictable spreads. It’s straightforward and fair. Hankotrade is transparent about how they do things, which I respect.. I feel more in control and understand my trades better compared to dealing with spread uncertainties. Choosing Hankotrade has made my trading experience clearer and more satisfying.
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I’ve been trading with HankoTrade for approximately 6 months, and overall, my experience has been positive. The order fills, take profits, and stop losses are efficient, and the spreads are favorable. However, I encountered a setback in my recent withdrawal process. While I typically receive my withdrawals within 24 hours, this time it took an unexpectedly long 4 days. This deviation from the usual promptness was disappointing and raised concerns about the efficiency of their withdrawal process.
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Hankotrade makes my trades seamless with their fast execution and minimal slippage. Their timely support is also very reliable and efficient.
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Trading indices with Hankotrade has been a smooth experience. They execute orders quickly, and even though there’s a slight spread on the indices I trade, I’ve enjoyed my time with them. Withdrawals, especially in USDT, happen fast, which is great. I haven’t faced any major issues so far. Customer support is always there, and the fact that there’s no need for extensive paperwork (KYC) makes everything quicker. Hankotrade being crypto-friendly also meant I could get started swiftly. In simple terms, my journey with Hankotrade has been easy, reliable, and focused on making trading hassle-free.
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Started trading with Hankotrade as a total noob with their STP account, and later hopped on the ECN train. Despite the usual forex rollercoaster, their service kept me happy. Those steady low spreads, no unnecessary widening. Basically Hankotrade’s been a good broker for my trading journey.
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Great execution, stable spreads during news—impressive. However, a 4.5-star rating because HankoTrade lags in industry trends. Missing social trading, which adds human interaction. MAMM and PAMM are okay, but social trading could make a big difference.
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For someone like me looking for simplicity, HankoTrade fits the bill. They don’t overwhelm with countless account types, which was great for me starting out, less confusion. I also like the fast withdrawals and solid support. All good.
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Hankotrade is great for straightforward, smooth trades, and withdrawing money happens really fast. It’s as simple as it gets!
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Hankotrade keeps it simple and effective. Smooth execution of trades, minimal slippage, and withdrawals that happen promptly.
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I may not be an FX expert, but I grasp the essentials, especially the costs involved. HankoTrade has been great – no withdrawal fees, just the standard crypto commission. They don’t tack on extra charges, and the best part is that withdrawals are quick, taking only a few minutes.
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Hankotrade is the smoothest and most cost-effective broker I’ve ever used. 10/10 RECOMMENDED!
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I’ve been trading D30EUR with HankoTrade for a few months now and have been pleased with the overall experience. The spreads are tight, starting from just 1.2 pips, which is lower than other brokers I’ve used in the past.
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Hankotrade’s low fees are easy on the pocket, and I’ve had a smooth ride with minimal slippage. Withdrawals are quick, no unnecessary delays. Practical and straightforward, just the way I like it.
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Trading major currency pairs and commodities on ECN Plus account with lowest spreads and commission fees. Couldn’t have asked for a better trading experience .
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One of the things that really stood out to me was the Execution Type of Market, which means that trades are executed at the best available market price. This is a crucial factor in my trading strategy, and I’m glad that HankoTrade offers it.
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Hankotrade’s zero spread account is an phenomenal . It has certainly simplified my trading experience, allowing me to focus on the markets without worrying about spreads. It’s worth considering if you’re looking for a brokerage that offers this advantage
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I’ve learned to spot the difference between a trustworthy broker and a dubious one. Constant slippages on every stop loss aren’t the norm. I’ve come to understand that while slippages can occur during high market volatility, they shouldn’t be a constant occurrence.
HankoTrade has never raised my suspicions, unlike my previous broker where quote manipulations were a concern
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In my experience, HankoTrade provides a solid trading platform for Forex and commodity/energy pairs. The user interface is easy to navigate, and the trading speeds are fast. I appreciate the transparency of the swap fees, and the MetaTrader 5 Bitcoin Account provides a diverse trading experience. While the bonus conditions are sketchy and can lead to terrible outcomes, HankoTrade’s reliable trading platform makes up for it.
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I love trading using MT4 on my phone with Hankotrade. The platform works really well, and it has extra tools like FX calculators and economic calendars that help me a lot. It has made my trading experience much better!
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I find Hankotrade’s customer service quite handy. They reply really fast on online chat, which is great for quick help. But their email replies are a bit slow sometimes. Waiting longer for emails is annoying. Their online chat is really good, but if they could speed up their email responses, it would make things even better for customers like me.
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I am a new trader on Hankotrade and have made pretty decent profits from this broker. Up till now I haven’t faced any issues with them and hope it will continue like this. All in all the customer service team is fast, spreads are great too! So keep it up Hankotrade.
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It was a 10/10 experience for me with Hankotrade, Specially its customer service needs to be highlighted. They are just phenomenal with their responses. Everytime I had a problem it was sorted out immediately.
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I highly recommend their STP account. It has zero commissions which is ideal for a new trader like me.
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I honestly never really expected this type level of service when I first signed up for Hankotrade. It was just a hopeful shot in a search for a good trading platform, but their on point customer service and low commissions have convinced me to stay for a long time now. So good work Hankotrade.
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Hankotrade is a lifesaver for folks fed up with brokers eating up their earnings with hefty commissions. Pure relief!
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I must say that I am extremely happy with Hankotrade’s withdrawal service. The speed at which they process withdrawals is truly impressive and super fast. Unlike other brokers, where delays and hours of waiting are quite normal Hankotrade transfers my funds within a couple of hours. This swift and efficient service showcases their commitment to client satisfaction.
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Received my withdrawal of $3298 in under 4 hours! Excellent and lightening fast withdrawal processing by Hankotrade
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Hat off to this broker speedy service. I never have to wait long to access my funds as they handle it within a couple of hours. The cherry on top is the 0 withdrawal fee. No need to pay extra to broker to get my own money back.
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No hidden fees at all! That’s why I trust Hankotrade. They are transparent and reliable. They make sure I know exactly what I’m getting into.
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A broker that values my time and money. Withdrawals are lightning-fast, taking only 2 hours, and they don’t burden me with any withdrawal fees.
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