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HankoTrade
HankoTrade: A Comprehensive Review HankoTrade is a forex broker headquartered in Seychelles, offering its services to traders worldwide. While the company is unregulated, it has gained popularity due to its robust trading platform, MT4, which is available for both desktop and mobile devices. One of the standout features of HankoTrade is its wide range of trading instruments. Traders can access over 60 forex pairs, including major and minor currencies. Additionally, the platform supports popular cryptocurrencies like Bitcoin, Litecoin, and Ethereum, providing ample opportunities for crypto enthusiasts. Traders can also explore trading opportunities in stock indexes, precious metals, and commodities through CFDs. It's worth noting that HankoTrade exclusively accepts cryptocurrencies for both deposits and withdrawals. This approach may appeal to traders who prefer the anonymity and security offered by digital currencies. Moreover, the company welcomes clients from the United States, making it accessible to a broader audience. While HankoTrade's minimum trade size is 0.01, allowing traders to start with smaller positions, the maximum leverage of 500:1 offers the potential for significant returns. The minimum amount required to open a live account is $10, making it accessible to traders with varying budgets. Established in an unknown year, HankoTrade operates from its headquarters at 7 Albert Street, Victoria, Seychelles. Traders can reach out to the company via email at contactus@hankotrade.com. Regional offices and regulators associated with HankoTrade are undisclosed. The trading platforms offered by HankoTrade include the popular MT4, known for its user-friendly interface and extensive technical analysis tools. Traders can also engage in web and mobile trading, providing flexibility and convenience. HankoTrade boasts an impressive range of trading conditions, allowing traders to utilize EAs/robots, engage in news trading, and even practice scalping strategies. Additionally, the company offers managed accounts through MAM and PAMM, catering to traders seeking professional money management services. When it comes to deposit and withdrawal methods, HankoTrade exclusively supports cryptocurrencies like Bitcoin, Bitcoin Cash, Ether/Ethereum, Litecoin, and Ripple. This aligns with the company's focus on digital assets and provides a seamless experience for traders involved in the crypto market. In conclusion, HankoTrade offers a diverse range of trading instruments and a user-friendly trading platform. While the company operates in an unregulated environment, its acceptance of cryptocurrencies and accessibility to US clients may attract traders
Broker Details
- Minimum Trade Size: 0.01
- Maximum Leverage: 500:1
- Minimum to Open Live Account: $10
- Established: Unknown
- Address: 7 Albert Street, Victoria, Seychelles
- Contact: contactus@hankotrade.com
- Regional offices: N/A
- Regulators: N/A
- Prohibited countries: Unknown
- Trading platforms: MT4
- Web Trading: ✓ Yes
- Mobile Trading: ✓ Yes
- ECN: ✓ Yes
- Currencies: Trading Instruments (45 )
- Cryptocurrencies: (10 ) Bitcoin, Litecoin, Ethereum
- CFD: (5 ) Gold, Silver, Stock Indexes, Oil
- EAs/Robots: ✓ Yes
- News Trading: ✓ Yes
- Scalping: ✓ Yes
- Managed Accounts & Social Trading
- MAM: ✓ Yes
- PAMM: ✓ Yes
- Deposit Methods: Bitcoin, Bitcoin Cash, Ether/Ethereum, Litecoin, Ripple
- Withdrawal Methods: Bitcoin, Bitcoin Cash, Ether/Ethereum, Litecoin, Ripple
forexroboteasy.com
When it comes to the bustling world of online trading, every new kid on the block aims to bring something fresh to the table. This was my outlook when I ventured into setting up a live trading account with HankoTrade. Despite being somewhat new in the industry, I was pleasantly taken aback with the unexpected liquidity situation which this trading platform offered. Casting doubts aside, I initiated my trading journey by depositing a modest sum of $1K and was ready to test the waters of this platform. What ensued was a remarkable trading experience shaped by an impressive liquidity status. When I placed a 3-lot order on the Euro (EU), the trading process was startlingly seamless; not a hint of slippage was noticed during either, the entry or exit points. The same continued with another 3-lot order placed on Japanese yen (UJ), with just a negligible 0.1 pip slip at entry, and a flawless execution at the take-profit (TP) point. In the world of Forex trading, the Gold-USD pair often assumes a unique position and necessitates a different approach. Using dollars to indicate slippage, a 0.50 lot garnered zero slippage results. Even when I upped the stakes with a 1-lot position, the slip was meager - just $0.01. While both these orders hit the stop-loss (SL) simultaneously, the slippage signified once again a negligible value of $0.02. What stood out in my HankoTrade journey were the incredible thin spreads that this platform offered. The overall cost per trade was significantly low, bringing the average cost per trade even lower than what I've encountered with most other brokers I've had previous experiences with. An excellent trading platform goes beyond just providing a robust trading experience; it's about the overall journey from making profits to seamless withdrawals. As I gear up to process my first profit withdrawal next week, I look forward to evaluating the efficiency and speed of this process. Stand by for an updated post on my withdrawal experience. In conclusion, with HankoTrade, my initial $1K account started with uncertainty but quickly transformed into a surprising, yet satisfactory trading journey. If you’re new to the world of online trading and are looking for a reliable platform, HankoTrade may just have an unprecedented liquidity experience waiting for you.
1 review
While HankoTrade might be a fresh face amongst Forex brokers, their performance, particularly with regard to liquidity, is surprisingly pleasing. This commendable newcomer has left me truly impressed and I'd like to share my fascinating experience, starting with my modest investment of $1000. I was able to smoothly get to work with my live account, promptly setting up a 3-lot position on the Euro against the US dollar. Remarkably, I didn't experience any form of slippage, whether on entry or exit, a somewhat rare feat in the industry. Don't get me started on my 3-lot position on the Japanese Yen against the US dollar—it boasted only a 0.1 pip slip on entry, which is quite impressive for a new broker. Continuing with the winning spree, no slippage was observed at take profit, reinforcing HankoTrade’s commitment to excellent forex trade execution. Then came the moment of reckoning, trading gold for dollars. Rather than use pips, which are often misunderstood, I preferred to quantify slippage in monetary terms. Trading a 0.50 lot showed zero slippage—an impressive score. A further test with a larger 1-lot trade revealed only a marginal $0.01 slip. It's notable that both trades hit stop loss around the same time with a puny $0.02 slippage. The real kicker with HankoTrade though, lies in their incredibly tight spreads. Combined with their competitive pricing per trade, they effortlessly outcompete most of the brokers I've previously interacted with, providing cost-effective trading experiences. Their efficient and cost-friendly trading system truly adds value to every dollar invested. My subsequent plan is to process a withdrawal for the profit harvested from my trading so far. The response time of HankoTrade in processing my request will reveal yet further dimensions about their service. I am optimistic, based on my current experience, and I look forward to updating this review with the turn of events. New though it may be, HankoTrade's impressively seamless experience and economic trading system prove that they have taken off with the right step in the competitive Forex trading industry."
1 review
When it comes to the world of trading, the new entrant HankoTrade certainly knows how to attract attention. Despite its recent entry, the liquidity potential of this platform is awe-inspiring. To give it a fair judgment, I opened a live $1k account and plunged into the trading realm of HankoTrade. The initial deep dive was into the 3lot position on the EU market. The result? An unexpected pleasant surprise – there was absolutely no slippage at both entry and exit points. Applause-worthy performance for a newcomer in the game! The story was almost the same with a 3lot position on the UJ - a minor 0.1 pip slip at the entry but no slippage while hitting the Take Profit mark. When it comes to gold trading, I know people have their measuring parameters. So, I decided to stick to dollar terms for slippage while trading in it. A 0.50 lot trade showed no slippage, and a 1lot had a minutely insignificant $0.01 slip. It's interesting to note that both positions hit the stop loss simultaneously, with an equally minimal $0.02 slippage. Digging deeper into the platform’s features, you’ll appreciate the incredibly low spreads it offers. The cost per trade is surprisingly economical paving the way for an average trading cost that underscores most of the well-established brokers I've crossed paths with. As the next step, I’ll be initiating the withdrawal process for the profits I've garnered so far. The real taste of a trading platform lies in the efficiency and hassle-free execution of its withdrawal process, right? A detailed update about the withdrawal timing will be shared shortly. In conclusion, HankoTrade is a breath of fresh air in the market with its impressive liquidity performance and user-friendly features. Plainly speaking, the platform is off to a strong start, possibly making it a name to watch out for in the trading industry! Stay tuned for the withdrawal process review!