In today’s post, we present Hankotrade Forex broker review for you. We will highlight its features, account types, commission charges, and every other aspect crucial for your understanding. It will help you decide if Hankotrade is a worthy choice as a Forex broker for you in 2023.
Hankotrade Review: Variety of Accounts with Low Commissions
Firstly, it’s important to note that all accounts offered by Hankotrade have the same max leverage of 1:500 with a negative balance protection feature.
The only major differences in these accounts are commission rates and minimum account setup deposit.
1. STP Account
A commission-free trading account is a dream come true moment for traders as they get to keep all their earnings to themselves. Hankotrade is a lowest-commission Forex broker with a $0 commission on its STP account.
The account requires only a minimal investment of $10 to set up.
2. ECN Forex Broker Account
ECN is the ideal account choice among traders, according to Hankotrade’s official website. ECN Forex broker accounts can be opened with a minimum deposit of $100. It charges a minimum commission of $2 per side per $100k traded.
The best part about this account is its tight spread, which begins from 0.0 pips. There are only a few zero-spread Forex brokers in the market, and Hankotrade is one of them.
3. ECN Plus Broker Account
ECN Plus Broker account is for those traders who want to make the most out of their trades with barely any commission. It charges only $1 per side per $100k traded. ECN plus requires a minimum deposit of $1000 to set up.
4. Islamic Account
Hankotrade offers a special account type for Muslim traders: the Islamic Account, which is swap and commission free to enable Muslim traders to trade within their religious bounds.
Does Hankotrade Offer Any Rewards and Bonuses?
Rewards and bonuses are necessary to build a healthy and compatible trading ecosystem. Hankotrade makes sure that their traders are making the most out of their trading platform with the following:
1. Promotional Bonus
Hankotrades offers a promotional trade bonus with their popular promotion 100% deposit bonus.
This promotional offer can be claimed by depositing a minimum of $100 in the broker account. Once the condition is met, the broker will automatically transfer the same amount as a bonus to the trader’s account.
2. Introducing Forex Broker Program
While it’s common to earn by referring others, not every broker rewards the same commission for it.
Hankotrade affiliate bonus is huge, where a trader can earn up to 40% of the total traded volume of the referral client.
Smart Integrated Trading Tools
Hankotrade provides you with the latest and necessary trading tools, so you don’t have to pay extra for these amazing tools.
1. Virtual Private Server
VPS in Hankotrade is a virtual private server. This is used for the trading system’s smooth, seamless, and efficient running. Fill out the form in the tools VPS section to avail of this tool.
Hankotrade ensures that its clients know of any pre-scheduled major events that can affect the trading market. It provides the smart tool of an e-calendar to notify the trader about important dates that pose a risk or a profitable opportunity.
Forex is a quick market; you need something easily accessible to perform your calculations faster. For that reason, Hankotrade provides 4 different types of Forex calculators according to different market needs. These calculators are commission, margin, pip, and swap calculators.
Is Hankotrade Backed by Trader’s Trust?
Yes, Hankotrade is trusted by hundreds of traders who are satisfied with its services and have shared their honest feedback about Hankotrade on multiple testimonial posting forums. By reading the Hankotrade reviews by real traders, you can get an insight into the services and performance of the broker.
Although we can’t state each review of all the customers in this review, it’s important to note that Hankotrade has a good review score on trustpilot.com. Having a score of 4.8 stars out of 5 is a strong indication of its legitimacy. We are attaching a few testimonials for you to get an idea of what traders think of this broker:
Does Hankotrade Have a Strong Social Media Presence?
Hankotrade has a strong presence on Instagram with a considerable following. The broker shares snippets of important market information to prepare its traders for potential risks or opportunities.
You can follow Hankotrade on Instagram to update yourself on critical economic and financial news that can impact the trading world.
Quality of Client Assistance
Good customer service is an essential feature of a reliable Forex trading broker. Take a look at these 3 options provided by Hankotrade for your assistance.
1. Contact Form
In case of a query about Hankotrade’s fees, promotional program, or other details, you can fill up the contact form, and Hankotrade’s customer support team will reach you with a detailed and appropriate response.
2. Frequently Asked Questions
Hankotrade has dedicated a page for frequently asked questions and their answers so you can find the solution to your query more quickly.
3. Live Chat Support
If the other two options are not working well for you or you need further assistance without waiting long for a response, you can try their live chat support. The support agent on the other side will respond to your query immediately.
The Final Verdict: Should You Select Hankotrade as Your Forex Broker?
In this modern age of technology, everything is evolving into an ecosystem, and so is trading. You need to be a part of a healthy ecosystem to survive in this market. You need to have a good Forex broker by your side.
We have reviewed Hankotrade Forex broker for your assistance to ensure you’re investing in the right Forex broker service. However, it would help if you didn’t blindly follow our words. It’s best to satisfy yourself by further investigating the broker yourself.
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