Hankotrade is a brokerage firm that offers access to various trading markets, allowing traders to diversify their portfolios and take advantage of different market conditions. Established in 2018 and based in Dubai, UAE, the broker provides CFD, Forex, commodities, and cryptocurrency trading services.
With over 60 major and minor currency pairs, 11 major international stocks, and various precious metals, energy resources, and cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, Hankotrade offers traders a diverse range of options.
Let’s take a deeper look at the broker’s offerings and services.
How Many Account Types Does Hankotrade Offer?
Hankotrade offers three account types: STP, ECN, and ECN Plus, to cater to traders’ specific needs and preferences. Each account type has its unique features and benefits. The STP account offers commission-free trading, while the ECN and ECN Plus accounts offer lower commissions and tighter spreads.
As you consider which account type best suits your trading style and objectives, be sure to review the details of each account type. You can visit https://hankotrade.com/ecnPlus, to learn further details about each account type.
Does Hankotrade Provide Negative Balance Protection?
Yes, Hankotrade offers negative balance protection to its clients. Suppose a trader’s account balance falls below zero due to highly volatile market conditions. In that case, the broker will cover the negative balance, ensuring that the trader does not owe the broker any money.
Note: Negative balance protection does not guarantee against all potential losses from trading.
What Is the Leverage Offered by Hankotrade?
Hankotrade offers a high leverage ratio of 1:500 across all its trading accounts, regardless of the account balance and deposit requirements.
What Are the Available Deposit and Withdrawal Methods at Hankotrade?
Hankotrade only offers payment and withdrawals via cryptocurrency. Traders can deposit funds using Bitcoin, Ethereum, and Litecoin, and withdrawals are also processed in cryptocurrency.
How Long Does It Take Hankotrade to Process Withdrawals?
Hankotrade prioritizes a quick withdrawal process and transfer of funds. According to the broker’s website, processing withdrawals takes one business day. However, many customers have reported receiving their funds within a few hours after requesting the withdrawal.
Take a look at some of the hankotrade reviews that praise the broker for its prompt withdrawal process.
* Hankotrade Reviews on Fx-List.com
* Hankotrade Reviews on Slashdot.org
* Hankotrade Reviews on Sitejabber
* Hankotrade Instant Withdrawal Evidences
How Can Customers Get in Touch with Hankotrade’s Support Team?
Hankotrade offers various customer support channels, including email, live chat, Skype, telephone, and contact forms. These channels give customers multiple options to contact the support team, depending on their needs and preferences.
Customers can engage in real-time conversations with support representatives through the live chat function on the Hankotrade website. Alternatively, they can reach out via email, the contact form on the Hankotrade website, Skype or telephone.
Areas of Enhancement for Hankotrade: Improving the Platform for Traders!
1. Diversify Funding Options
Hankotrade only supports cryptocurrencies as a funding method, which could limit its reach in areas where cryptocurrency regulations are stricter. Hankotrade should consider adding more deposit options, such as bank transfers, to broaden its customer base.
2. Enhance Educational Materials
Although Hankotrade offers a good range of educational resources, there is still room for improvement. By providing more informative materials, Hankotrade can increase customer confidence in its services and foster long-term relationships with its users.
Hankotrade Customer Satisfaction!
Hankotrade has established a strong reputation among its global clients as a trustworthy trading broker. Traders have reported high satisfaction levels with Hankotrade’s platform, as evidenced by positive reviews on multiple websites, including Trustpilot, Forbino, Sitejabber, FX-List, Slashdot.org, and others.
Hankotrade has consistently received a high rating of 4.8 out of 5 stars on Trustpilot, reflecting the broker’s commitment to providing reliable and top-notch customer service.
Customer Reviews on Trustpilot.com
Customer Feedback on Brokerxplorer.com
Customer Feedback on Forbino.com
The Bottom Line: Should You Sign Up with Hankotrade?
Choosing a trading platform is significant and requires careful consideration of various factors. Although there are areas where Hankotrade could improve, it remains a compelling option for traders looking for a reliable and regulated broker. With a low deposit requirement of just $10 for a demo or a live STP account, it’s easy to explore the platform’s offerings and decide if it suits your trading needs. Moreover, Hankotrade’s 100% deposit bonus and Introducing Forex broker commission are the cherry on the top for a remarkable trading experience.
While the limited payment methods and lack of educational resources may not appeal to all traders, the overwhelmingly positive customer reviews on third-party websites indicate that many traders have had a great experience with Hankotrade.
Whether Hankotrade is the right broker depends on your trading preferences and needs. However, given its regulatory status and track record of positive customer feedback, it’s worth considering as a potential option for your trading journey. So why not take the first step and explore what Hankotrade offers?
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