Hankotrade Broker Review 2024

In this Hankotrade broker review, we will take an in-depth look at Hankotrade broker and its services to determine whether it truly lives up to the hype of being a trading messiah or not. 

Let’s separate the facts from the hype and unveil the real story behind Hankotrade.

Pro Features of Hankotrade Broker

1. Competitive Spreads

At the forefront of their offerings, Hankotrade provides tight spreads. The minimum spread available through Hankotrade is a mere 0.0 pips.

Affordable Commission Rates

There’s nothing worse than winning a trade only to discover that hefty commissions have eaten up a significant portion of your profits. This can be disheartening and might even lead to traders leaving the market.

Hankotrade ensures that its users retain the lion’s share of their earnings by charging minimal commissions. These commission rates can vary depending on the account type:

• Zero commission on the STP account.
• $2 per side per $100k traded for ECN.
• $1 per side per $100k traded for ECN Plus.

1. Generous Leverage

Experienced traders often prioritize maximum leverage when choosing a Forex broker. Hankotrade offers consistent maximum leverage of 1:500 across all account types, enabling traders to execute larger positions relative to their initial balance.

1. Negative Balance Protection

Protecting against negative balances is a critical feature for any trustworthy Forex broker. Hankotrade prioritizes the safety of its users by implementing negative balance protection, which safeguards traders from substantial losses when the market moves against their intended positions.

1. Inclusivity For Muslims Traders

Hankotrade has introduced a unique service catering to Muslim traders, ensuring they can trade in line with their personal and religious beliefs. This service offers swap and commission-free accounts, creating a respectful and inclusive trading environment.

A Variety of Base Currencies

Hankotrade offers traders the choice of three top base currencies: USD, EUR, and CAD.

Hankotrade Top-Notch Trading Platforms

Hankotrade previously provided the MetaTrader platform to its clients. Now, the broker has migrated to the ActTrader platform to align with its vision of providing the best trading environment for its valued clients.

ActTrader, known for its user-friendly interface, extensive charting tools, additional timeframes, economic calendars, and hedging capabilities, makes it the preferred choice for traders seeking a comprehensive trading experience.

ActTrader is superior to MetaTrader in speed, features, and advanced tools. Thus, the brokerage decided to provide its clients with a platform that aids their trading journey and helps them grow in the market.

Top 6 Reasons Why Hankotrade Switched from MetaTrader to ActTrader

Hankotrade switched to ActTrader from MetaTrader because of these valid reasons:

1. Fast Execution and Accuracy

ActTrader’s remarkable capacity to handle over 100 ticks per second ensures swift order execution, eliminating the risk of missed opportunities. ActTrader’s speed is a pivotal factor for making timely decisions in today’s high-speed markets, where every millisecond counts.

2. Tailored Solutions

Unlike the standardized approach of MetaTrader, ActTrader empowers traders to craft their ideal trading environment. Every aspect can be customized to match individual preferences and trading styles, from personalized charts and data layouts to modified risk reports and alerts.

3. Dominance and Authority

ActTrader provides extensive indicators and analytical tools, allowing traders to conduct in-depth market analysis. Seamless charting and backtesting capabilities enable traders to refine their strategies with confidence.

Features like pre-built order templates and robust risk management tools offer heightened control over trades.

4. Automation and Simplicity

ActTrader’s user-friendly visual strategy editor enables traders to create and automate custom strategies without coding. By automating routine tasks, traders can shift their focus to strategic decision-making.

Managing multiple accounts and customizing the platform’s interface are effortlessly handled within ActTrader.

5. Hankotrade’s Dedicated Support

As an official ActTrader partner, Hankotrade doesn’t merely provide the platform; they offer dedicated support and thoughtful customizations. This ensures clients derive maximum value from their trading experience, making the transition to ActTrader seamless and rewarding.

6. Strategic Decision-Making

Hankotrade’s transition wasn’t a result of following trends but a well-calculated decision to equip clients with top-notch tools. ActTrader’s superior speed, precision, and adaptability give traders a distinct advantage in today’s competitive financial landscape. It represents a significant progression, offering control and empowerment to traders navigating the dynamic realm of finance.

In essence, Hankotrade’s move to ActTrader is driven by speed, customization, analytical capabilities, automation features, and the unwavering support Hankotrade provides as an official partner. It reflects a strategic choice to give traders a competitive edge in the ever-evolving financial markets.

Diverse Asset Portfolio

One of the standout features of Hankotrade is its extensive range of tradable assets, from CFD indices and commodities to cryptocurrencies and Forex. This diversity empowers users to explore different markets and diversify their investment portfolios, minimizing risks associated with dependency on a single asset.

Regulatory Compliance and Security

The online world is rife with scams and fraudulent activities, and to ensure that you’re not the vulnerable one, regulatory compliance and security should be at the forefront of any trader’s concerns. Hankotrade demonstrates a strong commitment to both. The platform is licensed and regulated by reputable financial service authorities of Seychelles, providing users with an added layer of assurance. Additionally, robust security measures, including encryption protocols and multi-factor authentication, safeguard user data and funds.

Educational Resources

Hankotrade recognizes the importance of education in empowering traders to make informed decisions. Hankotrade has one of the most comprehensive FAQ pages, serving as a valuable educational resource for traders. It offers clear and concise answers to a wide range of frequently asked questions, making it a go-to source for addressing common queries and concerns in the world of trading.

Moreover, informative webinars and tutorials are also available for traders.

Deposit and Withdrawal Methods

Hankotrade has made the method for money transferring really easy for traders. Traders can choose from a wide range of digital coins to make a deposit or withdrawal. These digital coins are:

1. Bitcoin
2. Litecoin
3. Dash 
4. Ethereum 
5. True USD
6. Gemini USD
7. USDC
8. EOS
9. Bitcoin Cash
10. Z Cash

Hankotrade Withdrawal Time

Although Hankotrade’s withdrawals are limited to cryptocurrencies only, the process is lightning-fast. It takes a maximum of 2 to 4 business hours to transfer the requested funds from your trading account to your e-wallet.

Also, it’s worth noting that Hankotrade does not charge any transaction amount from traders if the requested funds are more than $50.

Hankotrade Withdrawal Proofs

Generous Promotional Offers

Hankotrade presents a highly enticing promotional offer to its users in the form of a 100% deposit bonus. This bonus is exclusively applicable to the first deposit, which provides traders with a remarkable opportunity to boost their trading capital. To redeem this offer, traders need to deposit a minimum of $100, and the same amount will be transferred into the trader’s wallet as a bonus. The maximum redeemable amount is $25k, which requires a deposit of $25k. 

Responsive Customer Support

Effective customer support is a critical aspect of any trading platform, and so is Hankotrade. Hankotrade distinguishes itself by offering responsive and knowledgeable customer support. Users can reach out via multiple channels, including live chat, email, and phone support.

Ratings of Hankotrade Broker 

Ratings are a very important aspect of any broker. It provides a crystal clear picture of the broker’s intentions and dedication towards its users. Hankotrade has made a very strong statement with overwhelmingly positive ratings on Trustpilot.com, Slashdot.org, Sitejabber.com, etc.

Hankotrade Reviews on SiteJabber

Hankotrade Reviews on Slashdot

Hankotrade Reviews on BrokerXplorer

Hankotrade Reviews on BrokersView

Hankotrade Reviews on Fx-List

Hankotrade Reviews on Forbino

Hankotrade Review Conclusion: A Promising Contender

In conclusion, Hankotrade Broker emerges as a promising contender in the competitive world of online trading platforms. But as with any trading platform, users should conduct their due diligence and consider their specific trading needs and preferences before choosing Hankotrade as their new trading messiah.