In this article, we embark on a journey to explore Hankotrade broker's services, uncovering the key elements that make them a potential game-changer in the trading landscape of 2023 and beyond. We will delve deep into their offerings, dissect their strengths and weaknesses, and ultimately provide you with the insights you need to make informed decisions in the highly competitive trading arena.
So, let's begin.
Account Types: Choosing the Right Fit With Hankotrade Broker
One of the standout advantages of Hankotrade Broker is its flexibility when it comes to trading accounts. This flexibility empowers traders to tailor their choices based on their budget constraints and specific spread requirements. This means you can find an account type that aligns perfectly with your individual trading goals and financial situation, ensuring a more personalized and accommodating trading experience.
The following four account options are below with their investments and features specified:
1. STP
$10 minimum investment
1:500 max leverage
Negative balance protection feature
No commission
Spreads from 0.7 pips
2. ECN
$100 minimum investment
1:500 max leverage
Negative balance protection feature
Commission $2 per side per $100k traded
Spreads from 0.0 pips
3. ECN Plus
$1,000 investment
1:500 max leverage
Negative balance protection feature
Commission $1 per side per $100k traded
Spreads from 0.0 pips
4. Islamic Swap Free Account
A swap-free account to facilitate Muslim traders so they can trade within their religious bounds.
Variety of Assets to Trader at Hankotrade
A wide variety of assets are available at Hankotrade for traders to diversify their investment portfolios. The asset range includes:
1. Forex Market
The global marketplace for trading currencies, where participants exchange one currency for another, aiming to profit from currency price fluctuations.
2. CFD Indices
Contracts for Difference (CFD) are based on stock market indices, allowing traders to speculate on index price movements without owning the underlying assets.
3. Commodities
Tradeable physical goods like precious metals, energy resources, and agricultural products provide investors with opportunities for diversification and hedging.
4. Cryptocurrencies
Digital or virtual currencies utilizing cryptography for security are decentralized and often volatile, offering investment opportunities and new forms of digital exchange.
Regulation of Hankotrade Broker
One of the gravest concerns for any trader is being tied to an unregulated broker, risking their hard-earned funds. Thankfully, Hankotrade prioritizes safety. Regulated by the Financial Services Authority (FSA) of Seychelles, they provide a shield for traders, ensuring their investments are in secure hands.
This regulatory backing offers traders the peace of mind they need to focus on their trading journey with confidence.
Making Precise Calculations: Trading Tools at Hankotrade Broker
They provide a proper suite for calculating tools to their users so that they can trade with ease and make the best trading decisions.
A. Forex Calculators
The Forex calculator at Hankotrade is a group of useful calculators that traders can use according to their needs.
I. Pip Calculator
The Pip Calculator is your go-to tool for swiftly calculating the value of pips, ensuring precise profit and loss analysis in your forex trades.
II. Commission Calculator
With the Commission Calculator, traders can effortlessly estimate their trading costs, helping them stay in control of expenses while pursuing their financial goals.
III. Margin Calculator
The Margin Calculator provides traders with a clear understanding of the required margin for their positions, enabling effective risk management and position sizing.
IV. Swap Calculator
The Swap Calculator equips traders with the ability to anticipate potential overnight swap fees, allowing for better planning and decision-making in longer-term trades.
B. E-Calendars
E-calendars can be very useful for traders for the following reasons:
I. Event Awareness
Economic calendars inform traders about upcoming economic events, helping them anticipate market movements and volatility.
II. Market Impact Assessment
These calendars rate events by importance, aiding traders in prioritizing their focus on events likely to affect markets significantly.
III. Long-Term Strategy Planning
Economic calendars help traders shape long-term strategies by tracking recurring events and their historical market impact.
Managing Funds: A Closer Look at Withdrawals With Hankotrade Broker
Hankotrade takes the lead when it comes to being the fastest broker with regard to withdrawals. They take up to 24 business hours to process the funds for withdrawals. All the funds are transferred in cryptocurrency to traders. However, it's important to note some of the crucial points from their withdrawal policy:
1. No charges for fund transfer.
2. Charges may apply on withdrawals less than $50.
3. Efficient and safe procedure to transfer funds.
4. Withdrawals may be denied if:
Funds are insufficient
Wrong wallet address
Not confirming the withdrawal request within 48 hours.
Proof of Hankotrade Withdrawals
Hankotrade Trading Platforms
MetaTrader4 and 5 are considered two of the best trading platforms across the online trading world. Hankotrade does not fall back when it comes to providing traders with the best opportunities and services in the trading world.
Hence, these platforms are present on Hankotrade, too. Both of these platforms have distinct features which can be useful to different trading needs of traders.
The key features of MetaTrader4 and 5 are as follows:
1. Effortless Trading Speed
MetaTrader4 offers swift and hassle-free execution, eliminating re-quotes and partial fills for a seamless trading experience.
2. Access Anytime, Anywhere
MT4 platform is available around the clock, accessible via Windows, web, and mobile apps (both Android and IOS) for traders' convenience.
3. Maximize Your Trades
With MetaTrader 4, you can hedge your positions and effortlessly run various expert advisors (EAs) and indicators 24/5, enhancing the benefits of your trading strategy.
4. Diverse Chart Time Frames
Unlock extensive market insights with 21 unique chart time frames, including 11-minute charts, seven hourly options, and the standard daily, weekly, and monthly time frames for comprehensive market analysis.
5. Advanced Order Flexibility
Beyond Buy and Sell stop/limit orders, you can employ additional order types like Buy Stop-Limit and Sell Stop-Limit, providing enhanced control over your trades.
6. Robust Technical Analysis
Elevate your trading precision with access to 38 diverse technical indicators, 44 analytical tools, and market depth, increasing your trade success potential.
7. Bitcoin Trading
MT5 expands your trading horizon by offering Bitcoin-denominated accounts alongside USD, EUR, and CAD options, diversifying your trading opportunities.
Experience of Real Traders with Hankotrade Broker
Before diving into the world of trading on any platform, it's essential to understand what real traders have experienced. Reviews from fellow traders provide valuable insights into a trading platform's performance, reliability, and overall user experience.
To help you make an informed decision, we've compiled reviews from various reputable platforms, giving you a comprehensive understanding of the trading landscape with Hankotrade Broker.
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 Broker's Customer Support and Resources
Hankotrade Broker excels in customer support, garnering high praise from traders. They offer multiple avenues for assistance, including live chat, contact forms, and email support. Traders can rely on their responsive and helpful team for any queries or assistance they may need.
Final Thoughts: Is Hankotrade Broker Right for You?
Remember, trading involves risks, especially when you lack knowledge. That's why we've conducted this extensive review of Hankotrade Broker—to empower you with information and prevent uninformed decisions.
So, is Hankotrade the right broker for you? If you think so, then definitely yes, but if you need hands-on experience to decide, then we recommend you start from a demo account or an STP account.
Lastly, make a well-informed choice and mitigate risks by leveraging our insights.
