Hankotrade review

Spread from

0.0 pips

EUR/USD spread

Approx. 0.1 pips, ECN

GBP/USD spread

Approx. 0.3 pips, ECN

Commission

$2 per side / $4 round turn, ECN

All-in cost, EUR/USD

Approx. 0.5 pips

Spread type

Variable

Overnight swap

Both: overnight swaps may be charged or credited

Deposit fee

None internally

Withdrawal fee

None for withdrawals of $50+; smaller withdrawals subject to a fee

Currency conversion

Not publicly disclosed

Cost is where brokers in the same regulatory bracket actually differ.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

Hankotrade lists a minimum deposit of $15. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Markets

Forex, Indices, Commodities, Metals, Energies, Cryptocurrencies

Currency pairs

60+

Total instruments

100+

Crypto CFDs

Yes

Maximum leverage

1:500

Execution model

NDD

Execution speed

Fast/instant execution advertised; exact average not disclosed

Order types

Market, limit, stop, stop-loss, take-profit and platform-specific pending orders

Servers

Not publicly disclosed

Leverage up to 1:500 is available on this entity. High leverage does not increase your expected return - it increases position size for the same deposit, and shortens the move needed to close you out.

Hankotrade covers forex, indices, commodities, metals, energies, cryptocurrencies. A wider range matters less than depth in the instruments you actually trade.

Funding options: bitcoin, ethereum, litecoin, dogecoin, bitcoin cash, usdt, usdc, trueusd. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Platforms

HankoX Web, HankoX Mobile

Own platform

Yes

Mobile app

Proprietary, iOS and Android

Browser trading

Yes

Automated trading

Yes

Copy trading

Yes

Indicators

Integrated technical charting and indicators

Third-party tools

Trading/charting technology integrated into HankoX

API access

Not publicly offered as a standard retail feature

Hankotrade offers HankoX Web, HankoX Mobile. A proprietary platform can be excellent, but it means your setup does not transfer if you later change broker.

Regulated by

Unregulated

Regulator tier

Unregulated

Register entry

No financial-services regulator register identified

Client money segregated

Not publicly confirmed

Held at

Not disclosed

Negative balance protection

Yes

Compensation scheme

None

Audited by

Not publicly disclosed

Not available to

Sanctioned/prohibited jurisdictions and jurisdictions where services would violate local law

Across a hundred brokers, the licence is what separates the field fastest.

Hankotrade lists its regulation as Unregulated.

Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.

No compensation scheme covers this entity. If the firm fails owing you money there is no statutory fund to claim against, and what you get back depends entirely on what administrators recover.

Minimum deposit

$15

Account types

STP, ECN, ECN Plus, Islamic, Demo

Account currencies

USD, CAD, EUR, AUD

Islamic account

Yes

Demo account

Yes

Professional account

No dedicated professional classification

Minimum trade size

0.01 lots

Time to open

Typically a few minutes

Hankotrade runs 5 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.

Base currencies: USD, CAD, EUR, AUD. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.

The smallest position is 0.01 lots. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.

A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.

Deposit methods

Bitcoin, Ethereum, Litecoin, Dogecoin, Bitcoin Cash, USDT, USDC, TrueUSD

Withdrawal methods

Cryptocurrency

Deposit time

Instant

Withdrawal time

Processed within 24 business hours

Minimum withdrawal

$50 for fee-free withdrawals

Local payment methods

No

Withdrawals are stated at Processed within 24 business hours, against Instant for deposits. A gap between the two is normal and not in itself a warning sign - identity checks are a legal obligation, not obstruction. What is worth noticing is a withdrawal that keeps meeting new conditions after those checks are done.

Withdrawal routes: cryptocurrency. Money is usually returned by the route it arrived on, so the deposit method you pick is in effect the withdrawal method you are picking too.

The minimum withdrawal is $50 for fee-free withdrawals - relevant if you intend to fund the account lightly, since it sets the smallest amount you can take out at a time.

Support hours

24/5 trading support

Contact channels

Live chat, email, phone, Skype/contact form

Languages

English primarily

Telephone

N/A

Email

support@hankotrade.com

Live chat response

Typically within minutes

Education

Basic: FAQs, platform/account guidance and trading information

Research

Limited

Support runs 24/5 trading support. Round-the-clock cover matters more than it sounds: a position held over a weekend or through an unexpected halt is exactly when you need somebody to answer.

Reachable by live chat, email, phone, skype/contact form. A published telephone number is the one channel that is hard to fake and hard to ignore, so whether there is one says more than the number of channels does.

Languages: English primarily. Being able to raise a complaint in your own language is worth more than it appears, because complaints are where precision matters most.

Education: basic: faqs, platform/account guidance and trading information. Treat broker-published material as an introduction rather than as advice - it is produced by a firm whose revenue rises when you trade more.

Legal entity

Hankotrade Global Markets Limited

Company number

Not publicly disclosed

Headquarters

Belize City, Belize

Founded

2018

Publicly listed

No

Parent company

Independent

Employees

Approx. 10-50

Also trades as

Hankotrade; HankoTrade

Hankotrade is roughly 8 years old. Younger is not worse, but there is less public record to judge it on, so the licence and the protections carry proportionally more weight.

The contracting entity is Hankotrade Global Markets Limited. This is the company you would actually have a relationship with, and it is worth checking that it is the same one named on the licence you are relying on: large brokers commonly operate several, and they are not equally protected.

Part of Independent. A parent adds resources, but the protections that apply to you are the ones attached to the entity that holds your account, not to the group.