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We understand the importance of making an informed decision, which is why this comprehensive review aims to provide you with answers to every question you might have about Hankotrade. Whether you’re a seasoned trader seeking a new brokerage or a beginner taking your first steps in the trading world, this article is designed to be your one-stop resource. 

Your journey to selecting the ideal broker starts right here, with all the essential insights you need to consider Hankotrade as your trading partner.

What Is Hankotrade, and What Services Do They Offer?

Hankotrade is an online brokerage platform introduced in 2018, with its headquarters based in Seychelles. The main aim of Hankotrade Broker from day one is to provide the best trading platform to its traders with the lowest commission rates. That’s why Hankotrade is also known as one of the lowest commission brokers in the trading world. 

The broker offers a wide range of services to its users, such as multiple trading accounts, a wide variety of assets, trading tools, trading platforms, and much more, which will be discussed later in the review.

Is Hankotrade Regulated and Compliant with Industry Standards?

The short answer to this is Yes. They are regulated, and they comply with the industry standards. Hankotrade is regulated by the FSA, known as the financial service authority of Seychelles.

The FSA makes sure that trading platforms are not practicing fraudulent activities with their clients’ money. This gives traders an added layer of confidence and trust in their broker so that they can trade with ease without worry. 

How Can Potential Clients Get Started with Hankotrade and Open an Account?

Opening a trading account with Hankotrade is very simple. They don’t make you wait for days to approve your account. The process for account opening is instantaneous so that traders can start trading right away.

Just follow these steps to make your trading account on Hankotrade: 

1. Enter the first name
2. Enter the last name 
3. Enter email address
4. Enter password
5. Enter country
6. Enter phone number 
7. Agree with terms and conditions 
8. Click Signup 

What Are the Available Account Types and Their Benefits at Hankotrade?

Hankotrade provides four different account types to its users. These accounts are tailored for traders with different needs and preferences. All accounts are listed below, with their benefits explained.

• STP

STP account is a zero-commission account for traders who want to start trading with a minimal investment of only $10. The spreads on an STP account start from 0.7 pips with negative balance protection.

• ECN

ECN account is for more experienced traders. It requires only a $100 investment with a commission rate of $2 per side per $100k traded. The spreads are 0.0 pips with negative balance protection.

• ECN Plus

ECN Plus account has very similar offerings to the ECN account with lesser commission rates. It requires a $1,000 investment with a commission rate of $1 per side per $100k traded. The spreads are 0.0 pips with negative balance protection.

• Islamic Swap Free Account

An Islamic swap-free account is an option for Muslim traders to opt for a Sharia-compliant account. So they can trade without being religiously bound. 

How Does Hankotrade Handle Security and Safeguarding of Client Funds?

Hankotrade ensures that it complies with strict security protocols when it comes to safeguarding the funds of its clients. Hankotrade integrates SSL certificates on its website, which makes it secure and immune to external fraudulent activity. 

What Is the Range of Assets and Markets Available for Trading with Hankotrade?

Hankotrade takes the concept of versatility to a whole new level by offering traders an all-in-one platform that transcends the limitations of trading a single asset. Instead of confining its users to one solitary market, Hankotrade provides access to four distinct asset classes, creating a diverse and multifaceted trading environment. 

Whether you’re interested in stocks, forex, commodities, or cryptocurrencies, Hankotrade empowers traders to explore and capitalize on a wide range of financial markets, all under one roof.

How Does the Customer Support at Hankotrade Perform?

To describe it in one word, it’s just phenomenal. It’s not our word, but the users themselves have reported good customer support from Hankotrade Broker. They provide multi-channel customer support to their customers no matter how small or big the problem is. 

They can be reached through an email address, a contact form, or directly asking your queries to the live chat support available at the homepage of Hankotrade Broker.

Does Hankotrade Provide any Educational Resources for Traders?

Yes, there are multiple educational resources available at Hankotrade Broker. Those resources are:

1. FAQ page answering most common questions of users.
2. Demo accounts to practice trades in a controlled environment.
3. Value-loaded market insights on Instagram page. 
4. Forex calculators for calculating pip, margins, and commissions.
5. E-Calendars for highlighting important dates which can impact the market significantly

Efficiency of Withdrawal Methods at Hankotrade

When it comes to withdrawals, Hankotrade is one of the most efficient brokerage platforms. Although the transfer methods are limited to cryptocurrencies only, it’s super-fast. Traders usually receive their funds within 24 business hours or shorter.

Proof of Hankotrade Withdrawal (Shared by Real Clients)

What Do Clients Have to Say About Their Experiences with Hankotrade?

According to our findings across different credible review platforms like SiteJabber, FX-List, Slashdot, Forbino, BrokersView, BrokerXplorer etc, we are confident in saying that most of the users are really pleased with Hankotrade and its services. All they have is praise with a little bit of suggestions to make the platform even greater.

Hankotrade Review: Conclusion

So, do we recommend Hankotrade as your new trading partner? 

Yes, because it’s not a problem to at least give it a try. However, we would recommend you take risks according to your risk tolerance and immunity and suggest you start with small investments like the STP account.

Lastly, we wish you the best in your trading career.