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Hankotrade Overview

Hankotrade is a brokerage firm registered in Seychelles specializes in trading Forex, CFD, and cryptocurrencies. It was established in 2018 by a group of investors with a good industry reputation. The main objective of Hankotrade is to provide an exceptional trading experience for institutional and individual clients.

Let’s take a look at the account types offered by Hankotrade and which one is the best for you:

Account Types Offered by Hankotrade

Hankotrade offers traders four different account types, each with its unique features:

1.    STP Account

The initial trading account provided by Hankotrade is the STP account, which has no commission fees. A minimal setup cost of $10 is required to establish an STP account. It provides traders with the choice of three major base currencies: USD, EUR, and CAD, along with negative balance protection and a maximum leverage of 1:500.

The STP account is evidence of Hankotrade's commitment to being one of the most affordable Forex brokers for traders.

2.    ECN Forex Broker Account

Hankotrade considers the ECN account the most convenient and advantageous option for traders. This account gives traders a maximum leverage of 1:500, 0.0 spreads, and a minimum commission of $2 per side per $100k trade. To open an ECN account, traders must make a minimum deposit of $100.

3.    ECN Plus Broker Account

The ECN Plus account is another common account type available at Hankotrade. It offers all of the benefits of the ECN account but with an ultra-low commission rate, enabling traders to make the most of their trading experience.

Furthermore, the spread on this account is 0.0 pips, making Hankotrade a zero-spread Forex broker. A minimum deposit of $1000 is required to open an ECN Plus account.

For more details, visit: https://hankotrade.com/ecnPlus

4.    Islamic Account

Hankotrade aims to make its trading ecosystem diverse and accessible to traders worldwide, which is why it has introduced Islamic accounts that adhere to religious guidelines. These accounts do not have swaps or commissions like the other three types, allowing Muslim traders to engage in profitable trades without violating their religious obligations.

Which Hankotrade Account Is Best for You?

If you are a newbie in the trading world, The STP account is your safest choice. It requires only $10 to open the account and start trading. One of the significant advantages of beginning with this account is that you won’t lose a massive chunk of money if the market turns against you. Once you get the hang of the trading world, you can easily deposit more amount and grow your account.

However, if you are a professional trader, the ECN Plus Forex broker account is perfect for you. With tight spreads, the lowest commissions, and high leverage, you can easily score trades in your favor and enjoy good profits.

Which Trading Platforms Are Available at Hankotrade?

At Hankotrade, clients can utilize two of the most renowned and reliable trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). MT4 is a highly trusted and widely used trading platform among traders due to its security and stability. Meanwhile, MT5 provides advanced features and executes trades quickly without any lag.

Moreover, traders can access the trading platforms through their web browsers, desktop, or mobile devices, ensuring they stay connected to the trading market no matter where they are.

Steps to Open a Trading Account with Hankotrade

Opening an account with Hankotrade is a straightforward and speedy process that can be completed in just a few minutes. Simply follow these accounts to open your account in no time:

1.    To open an account with Hankotrade, traders can start by clicking the Register button on the broker's website homepage.

2.    Once they click the button, they will be directed to a registration form where they must provide their basic information like name, email address, and contact details.

3.    After filling out the form and accepting the broker's terms and conditions, traders will receive an OTP verification code in their email addresses for verification purposes.

4.    Once verified, they can select their preferred account type and deposit funds into their accounts.

What sets Hankotrade apart is its quick and straightforward account opening process that doesn't require multiple forms or hundreds of questions. In a few minutes, traders can open an account and start trading.

What Is The Processing Time for Withdrawals at Hankotrade?

Hankotrade places a high priority on swiftly processing withdrawals to ensure minimal waiting time for clients' funds. Traders can expect to receive their requested amount in their accounts within 5 to 6 hours. According to information on Hankotrade's website, the broker ensures that funds are processed and transferred within a maximum timeframe of 1 day.

Withdrawal Evidence: Proof of Withdrawal Shared by Real Traders

You can examine screenshots of withdrawal emails shared by actual traders as solid evidence that Hankotrade follows through on transferring funds and does not engage in fraudulent activities.

Is Hankotrade a Trustworthy Broker?

Hankotrade has gathered significant positive feedback from both Forex and cryptocurrency traders. Many traders have praised the broker's dependability and exceptional services on reputable testimonial websites.

Hankotrade broker has received numerous favorable reviews on credible review posting forums, demonstrating its excellent reputation in the market. Some of the most noteworthy reviews are listed below for reference.

Hankotrade Customer Reviews On Trustpilot.com

Hankotrade Customer Review On Sitejaber.com

Hankotrade Customer Reviews On Slashdot.org

Hankotrade Customer Reviews On Fx-list.com

What is Introducing Forex Broker Program at Hankotrade?

Hankotrade offers a Forex Introducing Broker referral program that rewards traders for introducing the broker to their friends and social circle. Participants in the program can earn a bonus commission when someone they referred to opens an account and makes a profit.

Compared to other brokers in the market, Hankotrade has a generous referral commission rate, offering 40% of the total commission paid by the referred clients. This program can be an excellent way for traders to earn additional income while helping their acquaintances find a reliable broker.

How to Sign Up for Introducing Forex Broker Program?

To become an introducing broker, traders must first register with the broker on its website. Next, Hankotrade will verify the traders’ accounts and provide a unique referral link, which they can share with their acquaintances and social network.

When individuals they refer sign up and trade successfully, the introducing broker will receive a percentage of the winning trades as their commission.

What Is the Quality of Customer Care at Hankotrade?

Hankotrade offers multiple options for clients, both new and existing, to get in touch with their customer service team. These include:

Contact Form

On the Contact Us page of the Hankotrade website, visitors can fill out a form to submit their questions or concerns. The form includes fields for contact information and a message.

By filling out the form with their correct information and explaining their concerns, traders can submit the form, and a customer service representative will investigate the matter and respond to them accordingly

Live Chat

For a quick and efficient solution, clients can use the live chat option to connect with a customer service representative directly. This option provides real-time communication and allows individuals to receive fast responses to their queries.

Summing It Up: Is Hankotrade the Right Choice Of Broker For You?

In a world where trading can be risky and daunting, Hankotrade offers traders a reliable platform to pursue their financial goals confidently.

Upon thoroughly examining its features and client feedback, it is safe to say that Hankotrade is a favorable choice for traders. The broker offers a variety of trading instruments, bonuses, and commissions to enhance the trading experience.

To explore Hankotrade and its account options, you can visit its website or social media accounts. Additionally, you can submit any questions via email, and they will provide answers.

However, before registering, it is essential to read Hankotrade's terms and conditions carefully, frequently asked questions, and other regulations. This will ensure you understand the broker's policies and are comfortable with them before committing to their services.