Abstract:Hankotrade is an NDD (No-Dealer-Dealer Platform) broker that allows for fast execution of trades by sending client orders directly to liquidity providers. Hankotrade is an unregulated broker so far.
General Information & Regulation
Hankotrade is an NDD (No-Dealer-Dealer Platform) broker that allows for fast execution of trades by sending client orders directly to liquidity providers. Hankotrade is an unregulated broker so far.
Market Instruments
Hankotrade offers investors a wide range of financial instruments, mainly Forex currency pairs, indices, commodities, and cryptocurrencies.
Minimum Deposit
Hankotrade offers investors three different types of accounts: STP (minimum deposit of $10), ECN (minimum deposit of $100), and ECN Plus (minimum deposit of $1,000).
Hankotrade Leverage
In terms of trading leverage, the maximum leverage for forex trading is up to 1:500. Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use high trading leverage.
Spreads & Commissions
Spreads on Hankotrade STP accounts start from 0.7 pips with no commission, on ECN accounts from 0.0 pips with a commission of $ per side per $100K traded, on ECN+ accounts from 0.0 pips with a minimum commission of $1 per side per $100K traded.
Trading Platforms
Hankotrade offers traders the most popular, trusted, and efficient MT4 trading platform on the Forex market today. MT4 has multiple execution modes, market & pending orders, easy to use, and available for Windows & Mac desktop, web, and mobile app versions.
Deposit & Withdrawal
Hankotrade only supports traders to deposit and withdraw funds to their investment accounts via some cryptocurrency payment methods, such as Bitcoin, Ether, Litecoin, Ripple, and Bitcoin Cash.
Hankotrade Pros & Cons
Hankotrade Advantages Include:
1. MT4 trading platform
2. VPS
Hankotrade Disadvantages:
1. Not subject to any regulation
2. Not accepting US & UK clients
3. No telephone service line
4. Fewer ways to deposit and withdraw funds
5. Limited educational resources