On this page, we review the Hankotrade broker. It is safe to say that the Hankotrade broker has very prominent points compared to other brokers which makes it different from other brokers. Stay with us for more information about Hencotrade broker.
| Broker name | Hankotrade |
| Established year | 2018 |
| Spread rate | low |
| Central office | Seychelles |
| Regulation | - |
| Minimum deposit | 10 $ |
| The easiest way to deposit and withdraw | Digital currencies |
Cent Account
Copy Trading
Spread Reduction Trick
Islamic Account
Permission To Trade Scalping
Hankotrade is the name of one of the brokers active in the financial markets, which has very special capabilities; for example, you can work with this broker without authentication or use the 100% bonus of this broker, and other features of the Hankotrade broker can be Deposits and withdrawals are very easy using digital currencies.
Despite providing exceptional services, hankotrade broker is not regulated, and in fact, this broker is not under the supervision of any regulatory organization, and in terms of history, because it was established and opened in 2018, it does not have much of a history.
According to the inquiry made by our website’s research team, unfortunately, no regulations have been registered for Hencotrade broker.
According to the conversations we had with the hankotrade broker support team, this broker has an active office in Seychelles.
Hencotrade was established and opened in 2018, and in terms of history, it can be placed in the category of brokers with a medium history.
| Profile / account name | ECN plus | ECN | STP |
|---|---|---|---|
| Minimum deposit for opening | 1000$ | 100$ | 10$ |
| Spreads | Starting from 0 | Starting from 0 | Starting from 0.7 |
| Commission | $1 per trade lot | $2 per trade lot | 0 |
| Maximum leverage | 1:500 | 1:500 | 1:500 |
| Ability to trade currency pairs | Yes | Yes | Yes |
| Ability to trade stocks and indices | Yes | Yes | Yes |
| Possibility of digital currency trading | Yes | Yes | Yes |
| Scalp permission | Yes | Yes | Yes |
| Permission to use Expert | Yes | Yes | Yes |
Hankotrade broker offers users three types of trading accounts, which we will introduce in detail below.
The minimum deposit for opening an stp account in Hencotrade broker is $10, this account has a maximum leverage of 1:500, and one of the advantages of using this account is that there is no commission, and its spread starts from 0.7 pips.
To open an ECN account in hankotrade broker, a minimum deposit of $100 is required, the spread of this account starts from 0 pips, and the broker earns a commission of $2 from users per lot trade, also traders can use this account with a maximum leverage factor of 1:500 should be used.
Compared to other hankotrade broker accounts, the ECN plus account has the highest minimum deposit amount of 1000 dollars. Also, its commission is 1 dollar per lot trade, and its spread starts from 0; the maximum leverage of this account is 1:500.
The start of the spread in the ECN and ECN plus accounts of this broker is from 0 pips. Still, the broker receives a commission from users for doing transactions in these accounts, but in the standard account of this broker, the commission amount is 0, but the start of the spread in this account is from 0.7 pips. So, when opening an account in hankotrade broker, you should pay attention to this very important point, which of the mentioned accounts is more compatible with your personal strategy.
All three Hencotrade broker accounts: STP, ECN and ECN plus, can become Islamic; in fact, the advantage of the Islamic account over other accounts is that there is no need to pay swaps or overnight interest, and traders who use these Islamic accounts can do so without paying swaps. Make transactions at night, which is one of the advantages of this broker.
The minimum deposit amount in Hencotrade broker is 10 dollars, and you will be able to open a standard account in this broker with this deposit amount.
The only method of depositing and withdrawing in hankotrade broker is the use of digital currencies, and this broker does not support other payment methods.
One of the most attractive and active bonuses currently available in the hankotrade broker is the 100% bonus that users can receive for their first deposit in this broker, for example, if you deposit $500 to your account. The broker also adds 500 dollars to your account, and you can trade with 1000 dollars in your account; offering this bonus in hankotrade broker is one of the strengths of this broker because this feature is not supported by many brokers.
One of the points that makes Hencotrade broker different from other brokers is that users can trade in this broker without authentication. In fact, after initial registration and entering your email address on this broker’s website, You will be able to use all hankotrade broker services.
Tradable assets in Hencotrade broker include digital currencies, currency pairs, stocks and indices, etc.
Fortunately, Hencotrade broker supports both popular Metatrader 4 and 5 trading platforms. You can click on the links below to download these platforms.
One of the excellent benefits of opening an account at the hankotrade broker is the offering of the copy trade system, which is one of the most attractive systems for earning dollars without the need to learn financial markets and is used by many users around the world. You can contact us to get more information about copy trade through the communication channels of the site.
Although the hankotrade broker is not regulated and does not have a significant history in the financial markets, fortunately, we have not received a report of this broker’s fraud so far, and it seems that even though this broker is not under the supervision of any regulatory organization, it provides quality services to provides, users.
