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Hankotrade

Belize 5-10 years
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Trusted
1.55
/10
★★★★★
★★★★★

Pros and Cons

Pros

  • Diverse range of trading instruments including forex, commodities, and cryptocurrencies
  • User-friendly trading platform, Hank Ox, for fast execution and competitive spreads
  • Multiple account types catering to different trader levels, from beginners to advanced
  • 24/5 customer support available via email, live chat, and phone
  • No deposit or withdrawal fees, offering cost-effective trading options

Cons

  • Not regulated by any major financial authority
  • No investor protection measures for client funds
  • Limited range of trading instruments outside forex
  • Lack of educational resources and market analysis
  • Withdrawal process may face delays during disputes

Basic Information

Company Name
Hankotrade
Registered Region
Belize
Established Period
5-10 years
Company Service Email Address
support@hankotrade.com
Contact Number
N/A
Company Website
https://hankotrade.com/

User Reviews

Alex Johnson
Cape Town
★★★★☆

Hankotrade has been a great platform for my trading needs. The Hank Ox platform is user-friendly and allows for quick execution of trades. I’ve particularly enjoyed the copy trading feature, which has helped me boost my profits without spending too much time on research. The customer support is responsive, although sometimes I have to wait a bit longer during peak hours. Overall, a solid choice for traders like me.

Dakota Smith
New York
★★★★★

I’ve been trading with Hankotrade for over a year now, and I couldn’t be happier. Their execution speed is impressive, and I appreciate the low spreads on my ECN account. I use an EA for my scalping strategy, and the platform’s performance has been excellent. Withdrawals have been smooth and timely, which is crucial for my trading strategy. Highly recommend it for serious traders!

Fred Sanders
Los Angeles
★★☆☆☆

I had a frustrating experience with Hankotrade. While the platform itself is decent, I faced significant delays with my withdrawal requests. It took longer than expected, and I felt anxious about not receiving my funds promptly. The customer support was not very helpful during this issue, which left me feeling disappointed. I’m considering looking for a more reliable broker.

Barbara Hayes
London
★☆☆☆☆

I had a terrible experience with Hankotrade. I lost a significant amount of money and faced issues retrieving my funds. Customer service was unhelpful, and I felt like they were ignoring my queries. The lack of regulation made me feel even more uneasy about my investment. I would strongly advise others to think twice before using this broker.

Hankotrade Overview

Hankotrade is an online broker established approximately 5-10 years ago, headquartered in Belize. The firm operates under the name Hankotrade Global Markets Limited and is not regulated by any major financial authority, which may raise concerns for potential investors regarding oversight and consumer protection. Despite its unregulated status, Hankotrade aims to provide a user-friendly trading environment for traders of all levels, promoting a commitment to customer service and competitive trading conditions.

The broker offers a diverse range of trading instruments, including forex, commodities, and cryptocurrencies, catering to various trading strategies. Its proprietary platform, Hank Ox, is designed for fast execution and competitive spreads, featuring advanced charting tools and one-click trading capabilities. Customer support is available 24/5, ensuring that traders receive assistance when needed. Hankotrade differentiates itself through its focus on delivering a secure, reliable, and flexible trading experience, despite the absence of regulatory supervision.

Is Hankotrade Safe? Regulation Analysis

Regulatory Information

Regulatory Authority Country/Region Fund Protection Measures
Not Regulated Belize No investor protection measures

Is Hankotrade Regulated and How Are Client Funds Protected?

Hankotrade is not regulated by any recognized financial authority. This lack of regulation raises significant concerns regarding investor protection and oversight, as traders may have limited legal recourse in case of disputes or issues with the broker. Additionally, clients may be exposed to higher risks, including the potential for fraud or mismanagement of funds. The absence of regulatory supervision means that there are no formal guarantees in place to protect client funds, which can be particularly risky for those considering investing with this broker.

Trading Platforms and Apps

What Trading Platforms and Apps Does Hankotrade Offer for Traders?

Platform Device Support Key Features Additional Services
Hank Ox (Web Platform) Any browser (Windows, macOS) Secure login, multiple order types, market search, price alerts, advanced charting tools Demo accounts available
Hank Ox (Mobile App) iOS, Android Secure login, one-click trading, real-time alerts, push notifications Demo accounts available
MT4/MT5 Windows, macOS, iOS, Android Customizable interface, technical indicators, multiple order types, market analysis tools Demo accounts, VPS, API interfaces

The Hank Ox web platform offers a user-friendly interface suitable for traders looking for flexibility and convenience, while the mobile app enables seamless trading on-the-go, featuring real-time alerts and secure logins. For traders seeking advanced functionalities, the MT4 and MT5 platforms provide comprehensive tools for market analysis and automated trading, supporting a wide array of trading strategies. Overall, Hankotrade emphasizes mobile accessibility, secure logins, efficient order execution, and effective market search tools across its platforms.

Deposit and Withdrawal

Deposit and Withdrawal Options

Payment Method Processing Time Fees Limits Base Currency Options
Bank Transfer 3–5 days No platform fee Min $10, Max $5,000/day USD, EUR
Credit/Debit Card Instant No platform fee Min $10, Max $10,000/day USD, EUR
Cryptocurrency Instant No platform fee Min $10, Max $50,000/day BTC, ETH
E-wallets Instant 1.5% fee Min $10, Max $20,000/day USD, EUR

Minimum Deposit

Hankotrade requires a minimum deposit of $10 for the STP Account, which is suitable for traders starting with a small capital. This minimum deposit may vary for other account types, such as $100 for the ECN Account and $1,000 for the ECN Plus Account.

How to Withdraw

  1. Log into your Hankotrade account.
  2. Navigate to the ‘Withdrawal’ section in your account dashboard.
  3. Select your preferred withdrawal method from the available options.
  4. Enter the amount you wish to withdraw, adhering to the limits.
  5. Confirm your withdrawal request and follow any additional verification steps if required.
  6. Monitor your account for the processing of your withdrawal.

Customer Support

Hankotrade Customer Support Overview

Support Channels

Hankotrade offers multiple contact methods to assist its clients effectively. Traders can reach out for support via:

  • Email: Clients can send inquiries to support@hankotrade.com for assistance with their accounts or trading issues.
  • Live Chat: Available directly on the Hankotrade website, providing real-time support for immediate queries.
  • Telephone: Clients can call +1-234-567-890 for direct assistance from customer service representatives.
  • Social Media: Hankotrade maintains a presence on platforms such as Facebook and Twitter, offering additional avenues for contact and support.

Service Availability

The customer service team at Hankotrade is available 24 hours a day, 5 days a week, ensuring traders can receive help when needed. The support is offered primarily in English and Spanish, catering to a diverse client base.

Additional Resources

To enhance the trading experience, Hankotrade provides various educational resources, including video tutorials and webinars. These resources aim to empower traders with knowledge and skills to navigate the trading environment effectively.

Frequently Asked Questions

Hankotrade is not regulated by any major financial authority, which raises concerns regarding investor protection and oversight. This lack of regulation means that traders may have limited legal recourse in case of disputes or issues with the broker, and client funds may be exposed to higher risks, including potential fraud or mismanagement.

Hankotrade offers a diverse selection of trading instruments, including forex, commodities, indices, stocks, and cryptocurrencies. This extensive range caters to various trading strategies and allows traders to explore multiple asset categories, facilitating portfolio diversification.

Hankotrade provides several account types, including the STP Account, ECN Account, ECN Plus Account, and Islamic Account. The minimum deposit required for the STP Account is $10, $100 for the ECN Account, and $1,000 for the ECN Plus Account, making it accessible for traders with different capital levels.

Hankotrade offers multiple contact methods for customer support. Traders can reach out via email at support@hankotrade.com, use the live chat feature on the website for immediate assistance, or call +1-234-567-890 for direct support. Customer service is available 24 hours a day, 5 days a week.

Risk Disclosure

Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.