Hankotrade Broker Review 2025

In online forex trading, Hankotrade has emerged as a notable player and offers competitive trading conditions (Spreads & commissions from 0).

As we explore this comprehensive Hankotrade review, we'll examine this broker's features, such as a minimum deposit for STP, ECN, and ECN Plus accounts, as well as its advantages and potential drawbacks.

Company Information & Regulation Status

Hankotrade has positioned itself as an innovative forex market and CFD broker, aiming to provide traders with cutting-edge technology and favorable trading conditions since 2018. However, it's crucial to note that no financial authority currently regulates Hankotrade. Keynotes:

• Absence of regulatory oversight may increase risks for traders
• No protection from compensation schemes typically offered by regulated brokers
• Potential for less transparency in operations and conflict resolution

Despite these regulatory concerns, the Forex broker has built a reputation among traders due to its competitive offerings and advanced trading platform.

Hankotrade Broker Summary of Specifics

To provide a quick overview of Hankotrade's key features, here's a summary table:

This table highlights Hankotrade's focus on providing diverse account options and competitive trading conditions despite the lack of regulation.

Hankotrade’s Types of Accounts

Hanko Trade offers a range of account types to cater to different trading styles and preferences:

• STP Account: With a low entry barrier of just $15, this account offers commission-free trading and spreads starting from 0.7 pips. It supports hedging and scalping;

• ECN Account: Requires a minimum deposit of $100. It features raw spreads from 0.0 pips and a commission of $2 per side per $100,000 traded;

• ECN Plus Account: This account starts at $1,000, offering 0.0 pip spreads and just $1 commission per side. It also includes full support for scalping and hedging strategies;

• Islamic Account: Available for all account tiers, this swap-free option complies with Sharia law while retaining the same core features of the selected trading account.

Account Types Comparison:

Each account type is tailored to meet specific trading needs, allowing traders to choose the one that best aligns with their strategy and experience level.

Hankotrade’s Advantages and Disadvantages

To help you have a better perspective, let's examine the pros and cons of trading with Hankotrade:

Signing Up & Verification Process

Hanko Trade simplifies the registration process by offering a crypto only onboarding model, eliminating the need for traditional KYC documentation.

#1 Access the Platform

Head to the official Hanko Trade website and find the “Open Free Account” option on the homepage.

#2 Provide Your Basic Information

Complete the form with the following details:

• First and last name
• Country of residence
• A valid phone number
• Email address
• Strong password

#3 Agree and Secure Your Account

Review and accept the terms & conditions, set a secure password, and finalize by clicking “Sign Up”.

Trading Platforms for Hankotrade

Hankotrade's trading platform is HankoX, a proprietary solution designed to offer traders a seamless and feature-rich trading experience:

• User-friendly interface suitable for both new and professional traders
• Advanced charting tools with multiple timeframes and indicators
• Real-time market data and news feeds
• Mobile trading on the go
• Customizable workspace to suit individual preferences

While HankoX offers a robust trading environment, some traders might prefer more widespread platforms like MetaTrader 4 or MetaTrader 5.

Spreads and Commission Structure

Hanko Trade is known for its competitive pricing structure:

The tight spreads and low commissions make Hankotrade an attractive option for high-volume and scalping traders.

Beyond trading costs, Hankotrade stands out for having no deposit or withdrawal fees and no inactivity charges.

Swap Fee at Hankotrade

Overnight swap fees at Hankotrade vary daily and depend on the instrument and market conditions. These charges are automatically reflected in the trading terminal, allowing traders to track real-time rollover costs with accuracy.

However, for clients who prefer not to pay or receive swaps, Hankotrade provides a dedicated swap-free/Islamic account option.

Below are the main highlights regarding swap charges and related account options:

• There is no fixed swap rate table on the website; traders must verify the current swap values inside their trading platform;
• Standard account types (STP, ECN, ECN Plus) are subject to overnight rollover charges depending on the traded pair and position size;
• Hankotrade offers Islamic swap-free accounts, eliminating all overnight interest charges while maintaining the same trading conditions;
• The swap-free account preserves leverage up to 1:500, with identical spreads and execution speed as regular accounts.

Non-Trading Fees at Hankotrade

The broker states clearly that there are no fees charged by them for deposits or withdrawals, which means clients face zero standard non-trading charges from the broker itself.

The following bullets therefore highlight key details:

• While the broker charges nothing, external payment systems or banks may apply fees;
• There is no reference to any inactivity or dormant account fee on the official website.

Deposit & Withdrawal Methods

Hankotrade exclusively uses cryptocurrencies for deposits and withdrawals, which offers both advantages and limitations:

Supported cryptocurrencies typically include Bitcoin, Ethereum, and other major altcoins, but checking the latest options on the Hanko Trade website is advisable.

Deposit Methods at Hankotrade

Hankotrade supports a wide range of crypto-based funding methods designed for speed, transparency, and cost efficiency. All deposits are processed through secure blockchain networks, ensuring seamless transfers without third-party banking delays.

The broker emphasizes zero deposit fees and near-instant processing times across all supported digital assets.

Below is a complete breakdown of the available deposit options:

Withdrawal Methods at Hankotrade

Hankotrade provides fast and secure withdrawal options using the same digital assets available for deposits, ensuring continuity and convenience for traders.

Withdrawals are processed through blockchain networks, giving users full control over their funds with minimal delays.

The broker highlights zero internal fees and near-instant processing for all supported cryptocurrencies.

Below is a detailed table of withdrawal options and their key parameters:

Copy Trading & Investment Options on Hanko Trade

While Hankotrade doesn't offer a dedicated crypto copy trading software or a copy trading service for any other markets, it does provide PAMM (Percentage Allocation Management Module) accounts:

• PAMM allows investors to allocate funds to experienced money managers;
• Potential for passive income through expert trading strategies.

A copy trading feature might be necessary for some traders who prefer this type of social trading.

Tradable Markets & Symbols Overview

Hankotrade offers a diverse range of tradable instruments:

This wide selection allows traders to diversify their portfolios and exploit various market opportunities.

Bonus offerings and Promotions

Hanko Trade offers several attractive bonuses and promotional programs:

• 100% Deposit Bonus: Double your initial deposit to increase trading capital;
• Introducing Broker (IB) Program: Earn commissions by referring new clients;
• Loyalty rewards: Benefit from ongoing promotions for regular traders.

While these offers can be appealing, it's essential to carefully read and understand the terms and conditions associated with each program.

Hankotrade Awards

Hankotrade has not received any awards. There is no official information or public record of the broker earning industry recognitions or accolades.

Hankotrade’s Support Team & Hours

Hanko Trade provides multiple channels for customer support:

• Email: support@hankotrade.com
• 24/7 Live chat
• Phone support
• Skype
• Contact form

The availability of diverse support options suggests a commitment to customer service, which is crucial given the broker's unregulated status. Based on what our team experienced with the live chat, it was so quick and informative enough.

List of Restricted Countries for Hankotrade

Hanko Trade imposes restrictions on traders from certain countries:

• United States
• United Kingdom

It's important to note that the list of restricted countries may change, and traders should always verify their eligibility before opening an account.

Hankotrade’s Trust Scores & Reviews on Trustpilot

The HankoTrade Trustpilot profile has a 4.8/5 rating, garnering positive feedback, particularly for its trading conditions and customer support.

Although these scores are promising, traders should approach unregulated brokers with caution and perform comprehensive due diligence before engaging.

Some areas of concern include:

• Lack of regulation
• Complaints about the Not Working CopyTrading system
• Some reports of the platform not working on MT4

Educational Content on Hankotrade

Unfortunately, Hankotrade's educational resources appear to be limited:

• Lack of comprehensive trading courses or webinars;
• Minimal trading guides or tutorials on the website;
• No mention of a dedicated education center.

This absence of educational materials could be a significant drawback for novice traders looking to improve their skills and knowledge.

Hankotrade vs Other Brokers

Here's a comparison between the reviewed broker and its peers:

Conclusion and Final Words

Hankotrade offers an intriguing package with its advanced HankoX platform, competitive trading conditions (spreads from 0), and diverse account types (STP, ECN, ECN Plus, Islamic).

However, the lack of regulation remains a significant concern that cannot be overlooked.

While the broker has garnered positive reviews and offers attractive features, potential clients should consider the risks of trading through an unregulated entity.