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
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.