Hankotrade is a straight-through processing (STP) cryptocurrency and forex broker for professional and retail traders. The brokerage is registered in the Comoros Union, with its physical offices located in Business Bay, Dubai, in the United Arab Emirates.
What sets Hankotrade apart from its competitors is the fact that it was founded by a group of experienced financial market traders as opposed to conventional financial experts. Thus, the reason for the platform having exceptional insights into the needle in the flesh for most traders.
Hankotrade’s Compliance with the FSA in the Seychelles
As an aspiring trader who’s considering Hankotrade as a potential broker, I am sure knowing that they are compliant with the Financial Services Authority situated in the Seychelles can help you sleep a bit better at night, knowing that your money is secure.
The broker’s compliance also helps to show prospective forex, cryptocurrency, and indices traders how committed they are to providing a transparent and secure trading environment for all their clients, which in turn has helped build the broker’s credibility scores.
Hankotrade’s 5 Major Competitive Advantages in the Financial Markets
Traders worldwide must choose a trading platform that fits and conforms to their needs, trading personalities, and strategies.
Whether you are an experienced trader who has reaped the benefits of enjoying consistent profits from the forex market or a newbie trader who’s driven to quite the 9-5 daily grind in favor of the nomad lifestyle, it’s essential to pay attention to the features and perks offered by a broker, as they play a crucial role in your trading career.
Below, we will delve into some of the important features that set Hankotrade apart from its competition and why so many traders worldwide are so riled up about the broker.
1. Minimal spreads and commissions
By now, you should know that trading expenses like commissions and spreads eat quite a sizeable chunk of your profits, and that’s where Hankotrade’s commitment to ensuring some of the lowest and most favorable spreads and commissions in the game comes into the limelight.
Of course, when you have such alluring perks, traders will tend to flock to your firm because every trader’s goal is to keep the majority of their profits.
Whether you are a trader who prefers trading indices, cryptocurrencies, commodities, CFDs, or forex, you’ll appreciate Hankotrade’s attractive pricing.
– ECN Account
It’s an account with zero spreads, and their commission charges start at $2 per $100,000 traded.
– ECN Plus Account
A zero-spread account with trade commissions starting at $1 per $100,000 traded.
– STP Account
The account is not devoid of spreads, but compared to most brokers, their spreads beginning at 0.7 pips with $0 commissions seem like a good deal to me.
You’d probably scour the internet for hours on end before finding a broker who would offer such favorable forex trading expenses.
2. Low minimum deposit requirement
For many traders who are just beginning their trading adventure, Access to huge sums of capital isn’t easy to come by, since most traders are just looking to get their feet wet in the trading world, and at the back of their minds, they also don’t want to risk ridiculous sums of money, thanks to the dynamic nature of the financial markets.
That’s where Hankotrade comes in. Their leadership team was aware of this challenge, and that is why they set up to offer one of the lowest minimum deposit requirements in the brokerage industry.
– ECN Plus Account: $1,000
– STP Account: $10
– ECN Account: $100
Can you imagine? It’s mind-blowing. Where do you find a broker who makes it that easy for you to commence your trading journey?
3. Referral bonus
In addition to their ridiculously low deposit requirements and bonus advantage, Hankotrade also rewards those who refer their platform to their social circles. This perk allows traders to earn from their trading prowess and their networking efforts.
Apart from the monetary benefit, it also enables traders to build their social networks, because trading can be a lonely journey. From spending hours backtesting your trading strategies to analyzing the next market moves, one can easily go for days without human interaction.
So, it’s not a bad thing to make some forex trader friends who you can hang out with and enjoy different hobbies with.
4. Excellent customer support
Overall, many companies from various industries underplay the value of stellar customer support.
Well, not Hankotrade. Many brokers love to talk big when it comes to providing their customers with fast and efficient customer service, but Hankotrade has taken it up a notch by ensuring a responsive and proactive approach.
Whether you need assistance with setting up your trading account or need some information about the various trading instruments, Hankotrade’s customer support is available 24/5 to provide swift and accurate responses to all your inquiries.
5. Efficient and fast withdrawals
For most traders, me included, when I am looking to set up shop with a broker, I always end up searching for their customer reviews, specifically how fast their customer response times are and whether they have any challenges when it comes to processing payouts.
Ideally, a green flag for me would be zero complaints because of the withdrawal process. The broker’s payout processing times take precedence over the customer service, but that’s my preference because I don’t like to play with my hard-earned money.
The good news is that Hankotrade has an excellent reputation for having a hassle-free payout process because if you have a positive balance, you can cash out on your profits at any time. Now what better way to leave than to know you can easily and conveniently access your funds at a moment’s notice without being given the runaround?
Final Remarks: Hanko Trade Review
In a nutshell, Hankotrade has come in with a bang and has appealed to many traders globally, thanks to its outstanding features and exceptional withdrawal processes.
Traders who also prefer to rack up their cryptocurrency portfolio have nothing but great things to say because Hankotrade has solidified its place in the industry as one of the few brokers that allow traders to withdraw their profits in cryptocurrency.
