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.<\/p>\n\n\n\n
As an aspiring trader who\u2019s 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. Traders worldwide must choose a trading platform that fits and conforms to their needs, trading personalities, and strategies. By now, you should know that trading expenses like commissions and spreads eat quite a sizeable chunk of your profits, and that\u2019s where Hankotrade\u2019s commitment to ensuring some of the lowest and most favorable spreads and commissions in the game comes into the limelight. For many traders who are just beginning their trading adventure, Access to huge sums of capital isn\u2019t 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\u2019t want to risk ridiculous sums of money, thanks to the dynamic nature of the financial markets.
The broker’s compliance also helps to show prospective forex, cryptocurrency, and indices traders <\/a>how committed they are to providing a transparent and secure trading environment for all their clients, which in turn has helped build the broker\u2019s credibility scores.<\/p>\n\n\n\nHankotrade\u2019s 5 Major Competitive Advantages in the Financial Markets<\/h2>\n\n\n\n
Whether you are an experienced trader who has reaped the benefits of enjoying consistent profits from the forex market<\/a> or a newbie trader who\u2019s driven to quite the 9-5 daily grind in favor of the nomad lifestyle, it\u2019s 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.<\/p>\n\n\n\n1. Minimal spreads and commissions<\/h3>\n\n\n\n
Of course, when you have such alluring perks, traders will tend to flock to your firm because every trader\u2019s goal is to keep the majority of their profits.
Whether you are a trader who prefers trading indices, cryptocurrencies, commodities<\/a>, CFDs, or forex, you\u2019ll appreciate Hankotrade\u2019s attractive pricing.
– ECN Account
<\/strong>It’s an account with zero spreads, and their commission charges start at $2 per $100,000 traded.
– ECN Plus Account
<\/strong>A zero-spread account with trade commissions starting at $1 per $100,000 traded.
– STP Account
<\/strong>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\u2019d probably scour the internet for hours on end before finding a broker who would offer such favorable forex trading expenses.<\/p>\n\n\n\n2. Low minimum deposit requirement<\/h3>\n\n\n\n
That\u2019s 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?<\/p>\n\n\n\n3. Referral bonus<\/h3>\n\n\n\n