Score
2-5 years Suspicious Regulatory License
MT4/5 White Label
Regional Brokers
High potential risk
Influence
A
Score
License Index0.00
Business Index6.19
Risk Management Index0.00
Software Index4.00
Regulatory Index0.00
Influence
A
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
More
Company Name
Hankotrade
Company Abbreviation
Hankotrade
Platform registered country and region
Saint Vincent and the Grenadines
Company website
Company summary
Pyramid scheme complaint
Expose
Capital
$(USD)
Hankotrade is a forex broker offering a series of financial instruments to its clients. Is this broker OK to invest in? WikiFX intends to tell you more about this broker that you may not know before.
WikiFX
The country's external reserves fell to $38.57 in billion as of May 25, 2022, a seven-month low, according to information acquired from the Central Bank of Nigeria. According to results, as scarcity bites deeper, the country's external reserves necessary to safeguard the naira's value are pushing banks to restrict access to foreign currency to visitors and other authorized users.
WikiFXBullions refer to highly volatile pairs such as Gold and Silver. Given the fact that the US dollar has been pegged against these two pairs, any trader who wants to make profits while trading the bullions will have to pay close attention to the dollar index. This is because the bullions move in opposite directions to the US dollar. A strong dollar index will impact the Bullions negatively and vice-versa.
WikiFXLet's first define ECN and how it works before determining which ECN brokers are the best in the world. What is an Electronic Communications Network Broker? In a word, when it comes to foreign currency trading, the goal is to make as much money as possible as often as feasible. There are two basic types of brokers in the forex market. STP brokers, or'straight-through processing,' are the first type of broker. This is the'middleman' who serves as a conduit between liquidity providers and you (the trader).Then there are ECN brokers, who provide a direct line of communication between you (the trader) and the providers of trading assets (liquidity providers). The usage of an ECN'system' is what distinguishes an ECN broker from a regular broker.
WikiFXAnyone who trades the forex market without a proper understanding of the fundamental factors that move the Forex Market is a gambler. The Forex Market is ontologically designed to be an investment package for individuals, companies, and government. However, the desire to make quick money by scalpers has dented the image of the forex industry. Forex is a tool for hedging against inflation and maximizing profits. And never a place for gambling.
WikiFXIn keeping with its commercial development strategy, the Dangote Group said on Thursday that it was diversifying into the steel sector due to its huge potential.
WikiFXTrading in the foreign exchange market, like any other career, necessitates specialized knowledge, abilities, and moral traits. So, how can you trade forex in South Africa and reach your goal?
WikiFXVery often many traders get curious when they hear that the forex market has the largest amount of capital investment in the world with over 6.2 Trillion dollars invested and roughly 1.5 Trillion dollars traded daily. Some pause to argue where these large capitals come from. To this end, we have discussed extensively in the article, the major sources of the Capital traded in the forex market today.
WikiFXBoom and Crash are highly volatile Synthetic Indices offered solely by Deriv broker. It is the only financial instrument in the market that is not pegged against the US dollar. Boom and Crash indices are usually in four different forms as: Boom 1000, Boom 500, Crash 1000, and Crash 500. The Boom index as the name suggests refers to a sudden large spike in the market that could be as huge as 50-60 pips in the spike While the Crash Index refers to a sudden breakdown in the market prices that could be as huge as 50-60 pips. These spikes or breakdowns could occur within the one-minute timeframe chart.
WikiFXThanks to soaring oil prices over the past decade, the Middle East has maintained rapid economic growth, and it has become one of the richest and fastest-growing regions in the world. We are delighted to announce that WikiFinance EXPO 2022 will be held in Dubai.
WikiFXForex (foreign exchange) is almost certainly something you've heard or read about, demonstrating how widely it's used. However, there are many people who are interested but lack a basic understanding of how the South African financial market works or just do not know where to begin.
WikiFXThe Forex market is a textbook example of a perfect market built by humans. A market is defined as any location where buyers and sellers come together. When there are numerous buyers and sellers, and they are all aware of who has the best prices, perfect competition is accomplished. Consider ordering your favorite pizza for the greatest price and having it delivered in less than a second. That is what the forex trading market is capable of, despite the fact that it solely deals with currency exchange.
WikiFXClearly, Hankotrade accomplished none of the above, and could not even be considered a broker, but rather a foreign exchange market con. If Hankotrade offers more leverage than this, it's a sign that it's a possible con. Hankotrade is more likely to be a fraud if it requires a higher-than-average sum. A legitimate broker will usually ask around $5 to $10 in exchange for their services.
WikiFX
