简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Urgent warning for traders: HankoTrade faces allegations of manipulating trading prices during their Hollowen promo, casting doubt on the broker's practices. Stay vigilant and verify broker regulation.
In a concerning turn of events, allegations of price manipulation have emerged against the online brokerage firm HankoTrade. The suspicions arose following a promotional event that promised exceptionally high leverage to its traders, leading to widespread scrutiny by market professionals. This press release aims to inform and warn the trading public about these practices and to urge caution when selecting a brokerage platform.
The initial allure of HankoTrades Spooky Hollowen Trading Promo, which offered a staggering 1000X leverage on deposits exceeding 2,000 USD, captured the attention of many seasoned traders. However, the excitement was short-lived as discrepancies in price movements on the HankoTrade MetaTrader platform compared to those on TradingView became apparent, sparking suspicions of potential manipulation.
Evidence of these inconsistencies was brought to light on social media, with multiple traders voicing their concerns and posting comparative images of the price charts from both platforms. Significant differences were noted, which could potentially indicate manipulative practices by HankoTrade.
Comment #1
Comment #2
A concerned professional trader, who chose to remain anonymous, took to Facebook to highlight these discrepancies, further enforcing the gravity of the situation. Their comparison showed stark variations in price charts from TradingView and HankoTrade‘s MetaTrader platform, raising red flags about the broker’s operations.
TradingView
MetaTrader
HankoTrade operates from the Business Bay in Dubai, offering various account types including STP, ECN, ECN Plus, and an Islamic Account. It provides a range of trading instruments and utilizes the popular MetaTrader 4 and MetaTrader 5 platforms. Despite this, the firms regulatory status remains ambiguous.
STP
ECN
ECN Plus
Islamic Account
While HankoTrade does not disclose any regulatory oversight on its website, investigations reveal that it is registered in Saint Vincent and the Grenadines—a jurisdiction known for its association with unregulated brokers.
Adding to the concern, Saint Vincent and the Grenadines declared that online trading and brokerage activities, including FOREX and Binary options, are not permitted within its borders, casting further doubt on the legitimacy of HankoTrades operations.
The enticing Hollowen Trading promotion drew in numerous traders despite the lack of regulatory assurances. This event has sounded the alarm for the public to exercise extreme caution and avoid investing with unregulated entities, irrespective of the attractiveness of their offerings. The significant deposit required for the promotion hints at an underlying strategy that could place investor funds at risk.
This situation serves as a stark reminder of the perils associated with unregulated brokers. Traders are urged to conduct due diligence and to remain vigilant against offers that seem too good to be true. If you encounter any suspicious broker practices, do not hesitate to reach out to WikiFX Support with evidence, or through the contact information provided below. Protect your investments by staying informed and cautious.
Note to Editors
The information in this release is based on the latest available data and has been prepared to inform the public. We encourage readers to conduct their own research and to report any irregularities they may encounter in the trading sphere.
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.
Tickmill has integrated SoFinX's platform to enhance its copy trading services, promising a superior trading experience.
Early summer in Hong Kong saw the sun shining over the sparkling waters of Victoria Harbour, much like the bright ideas shaping the future of the financial industry. Today (May 17), the highly anticipated financial event, The WIKI FINANCE EXPO HONG KONG 2024 concluded successfully at SKY 100 in ICC, Tsim Sha Tsui, Kowloon, Hong Kong. Organized by WikiGlobal, this financial technology extravaganza gathered top figures from the global financial sector to explore the development and future trends of financial technology.
The article underscores the imperative for public vigilance against impersonation scams targeting bank customers, emphasizing the heightened risk posed by fraudulent calls from individuals masquerading as National Scam Response Centre officers.
If you have been scammed before, you may be vulnerable to refund or recovery scams. These schemes promise to help you recover lost funds or the item you never received, but only after you pay an upfront fee. Beware of this scenario as this is a new deceptive scam lurking in the dark!