Hankotrade is a forex broker located in Mwali, regulated by the Mwali International Services Authority (MISA).
Hankotrade accepts clients from all over the world, excluding UK and some other countries where restrictions apply.
Forex broker offers the following underlying assets for trading.
50+ Currency Pairs | Based on major and minor world currencies. |
3 Crypto Pairs | Based on Bitcoin, Ethereum, Litecoin. |
10 Indice CFDs | Based on baskets of different blue-chip stocks. |
2 Metal CFDs | Based on Gold and Silver. |
3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
Established in 2018, Hankotrade is an offshore forex & CFD broker registered in the offshore jurisdiction known as the Comoros Union, and with a physical office in Dubai in the UAE. The broker offers a wide selection of forex pairs for trading, as well as high trading leverage. Also special about this broker is that it relies exclusively on cryptocurrencies for funding trading accounts, with no other funding methods accepted.
Although Hankotrade is based entirely on crypto deposits and withdrawals, trading accounts are not denominated in crypto, but instead in either USD, EUR, or CAD. This means that there will always be a conversion between the crypto a user chooses to fund his account with, and the fiat currency the account is denominated in, whenever inbound transfers are received.
Unfortunately, however, detailed information about the exchange rates used for these necessary conversions are missing from the broker's website.
At the time of this writing, the cryptocurrencies that are accepted by Hankotrade as funding methods are Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tether (USDT), and Bitcoin Cash (BCH).
In terms of instruments available for trading, we already mentioned that Hankotrade has a fairly good selection of forex pairs that traders can choose from. When it comes to other assets, however, the selection is much more limited, with only a handful of commodities, a few cryptocurrencies, and ten stock indices to trade in. This stands in contrast to many other offshore brokers, who often offer everything from single stocks to interest rates, bonds, and a wide range of commodities to their users.
Out of the four stock indices offered by Hankotrade, three are popular American equity indices, while the fourth is the German DAX index.
As its trading platform, Hankotrade offers its own system known as Hanko ActTrader. The platform is well-designed, works with the broker's full range of trading assets, and supports advanced technical analysis tools. The platform is also easy enough for even beginners to use, given new solutions such as the “interactive risk management” module.
The platform is available in its standard downloadable version for Windows computers, as well as in a web version for use on any type of computer, and as mobile versions for Apple and Android mobile devices.
Once signed up, new clients at Hankotrade can choose between a standard STP account with commission-free trading, an ECN account for commission-based trading with tighter spreads, an ECN Plus account with even lower commissions and tight spreads, or a swap-free account designed especially for Muslim traders. The STP account comes with a minimum deposit requirement of USD 10, the ECN account USD 100, and the ECN Plus USD 1,000.
Like nearly all brokers we have reviewed here on FX-List, Hankotrade offers customer service via a live chat function on the website that appears to actually be live most of the time. However, the broker has not published any opening hours for their support department, which in our view is a bit unfortunate. The broker also has not disclosed any phone number that users can call in case of problems, which we also think should be expected of any serious forex broker.
According to its published terms of use, Hankotrade accepts clients from all countries, except the UK and some highly sanctioned countries and regions.
Hankotrade is the best broker for copy trading. Smooth execution every time and their low commission charges are sweet! Never had to worry about withdrawals. Always on time without any deductions.
Things just keep getting better and better at Hanko. First their new HankoX platform, then copy trading and now chart trading. But for me the cherry on the top is their payment and withdrawal system. Always super smooth and fast.
Hankotrade offers a winning combination of advanced features, competitive pricing, and excellent customer service. It's the perfect platform for traders of all levels.
When I signed up with Hankotrade I honestly didn't expect it to be this good! This broker provides one of the sharpest spreads of forex and crypto. I also find their fee quite reasonable as compared to other brokerages.
Hankotrade checks all the boxes of a good broker. It has everything that I expect from a good broker. The platform is fast, has many features, withdrawals are smooth, and I can also copy the trades of other experts.
Enjoying the copy trading and chart trading feature on HankoX. Kudos to Hanko for always giving the best to its traders.
Hankotrade is a good broker for trading crypto. I have found their trading conditions are better than many other brokers. The spreads on the pairs are sharp allowing me to enter and close the trades without bearing any heavy losses.
Customer service is always on point! The trading platform is amazing and has some excellent stuff for traders. Do check them out.
I have been a trader of Hankotrade for almost 3 years, I must say they have greatly improved over the years with their customer friendly trading conditions, fast trading terminal, and now including the option of copy trading. The spreads are also very low and there are fewer technical issues as compared to the past. The only thing I am not satisfied about is their crypto-only option for deposits and withdrawals. The broker should add an option for bank transfers too. But overall I am satisfied with their service.
I've been with Hankotrade for a couple of months now, and I love their HankoX platform. The interface is user-friendly, and I've had no issues with slippage. The spreads are some of the best I've seen, usually around 0.2 pips. The exciting part is that now I can do copy trading on Hankotrade. Thanks to their latest update!
I recently opened a Hankotrade ECN copytrading account and it's truly a relief as most of my trading is automated and I don't have to do much except for enjoying good profits.
I've been trading with Hankotrade for about a year now and I'm really happy with my experience. Their ECN Plus account offers tight spreads and low commissions, which is crucial for consistent profitability. When I've needed assistance, their customer service has been top-notch, always quick to respond and helpful. Plus, withdrawals are processed swiftly, which is a huge plus.
Loving my experience with Hankotrade so far! Their platform is sleek and fast, perfect for active trading. Big thumbs up for their responsive customer service too.
I joined Hankotrade a couple of weeks ago after coming across plenty of positive reviews on Youtube. I found Hankotrade a good platform for trading cryptos. The trading terminal has remarkable charting features and execution is super smooth. Never had troubles with deposits or withdrawals.
In my opinion, Hankotrade is a phenomenal broker. Tight spreads, low commissions, quick withdrawals, and timely customer support. Their recently launched HankoX platform is a sweet treat for traders who prefer advanced and swift trading terminals.
Transparency and low-costs at their best! Checkout Hankotrade if you want fast execution and no problems with withdrawals. The best part is that the broker won't charge a fortune as a commission.
As a seasoned trader I value efficiency of the broker and its platform above all else. Hankotrade delivers flawlessly. Their acttrader platform is user-friendly and allows me to execute trades seamlessly. Their tight spreads on forex pairs help me maximize my profits. And their customer service team is also top-notch!
I joined hankotrade for their low spreads and so far I am not disappointed. Everything is going great. I like their new trading platform. Its fast and doesn't lag, not even on my phone.
Whenever I needed assistance, they were both knowledgeable and patient. Their expertise made getting used to the platform simple and fast. Whether it was a simple query or a more complex issue, they guided me through every step with ease. With their help, I felt guided in my interactions with the phoenix program. It's good to know that such experienced professionals have got my back.
Hankotrade ticks all the boxes for traders like myself. Its quick, reliable and doesn't want me to rob a bank to trade and their support team is consistently on point.
Been with this broker for about 8 months. Fills, take profits, stop losses work smoothly. Spreads are also reasonable. I also like the negative balance protection feature on all Hankotrade accounts.
I find it advantageous that Hankotrade offers a swap-free option on their ECN account. While I have the capability to hold my trades for extended periods, I value the option of tight spreads at entry points. This feature enables me to open more positions while maintaining competitive trading conditions. Overall, it caters well to my trading style and preferences.
I like the ability to trade small contract sizes on the ecn account. This feature has been especially beneficial for me as I often opt for lots as small as 0.02 on major currency pairs. The negligible commission, priced at just $2 per 100k traded, further adds to the appeal. Overall, this aspect of Hankotrade's service aligns well with my trading preferences and needs.
I've just recently had problems with Hankotrade and the "spreads". They are executing positions that are way off ~15 pips from my entry, and doing the same when closing the trades. I was in profit on a trade and closed it, they sent it back in neg by 7 pips. Beware!
Hankotrade is the perfect broker for traders looking out for smooth trade execution and stress-free withdrawals. Five stars from me!
While no broker is entirely immune to slippage, I've noticed that the occurrences at Hanko Trade are relatively minimal compared to other brokers, I have used in the past. Moreover, when slippage does happen, it tends to work in my favor more often than not. The spreads offered by Hanko Trade are particularly appealing to me, adding to my positive experience. Overall, I've been fortunate to have a comfortable trading experience with Hanko Trade.
Good reputation among the community. I've been trading with Hanko for about six months now, and it's been worry free. This broker has been around for a while and is well-liked by traders. The platform works great, and orders get filled fast. I mainly trade currency pairs following my own strategy. Low comissions, quick order execution, and the ability to scalp, suit my style perfectly. Plus, knowing that the margin call/stop-out levels are at 70%/50% is good. I can manage my lot sizes because of that. Overall, Hanko has been a reliable choice for me, and I'm happy to keep trading with them.
Have been trading with Hanko for over 2 years. I've found no faults with the broker. Their trading conditions surpass those of larger firms. The spreads on the ECN account are minimal, making scalping on pairs like EUR/USD and USD/JPY enjoyable.
My experience with Hanko continues to get better and better. The withdrawal process is reasonably swift, and I can't praise their customer support enough – truly excellent. While I faced a hiccup closing one of my recent trades, the support team swiftly stepped in to resolve the issue. What's even better, they went above and beyond by reimbursing me for the inconvenience. It's this kind of proactive and customer-centric approach that sets Hanko apart for me. Their commitment to addressing concerns and ensuring a positive experience has certainly solidified my trust in their service.
Always on the hunt for brokers with sweet deals, I took a chance with HankoTrade, and it's been a pleasant experience. Their spreads kick off at a sleek 0.0 pips, and the commission is a pocket-friendly $2 per side per $100k traded. This combo has saved me a decent chunk on my trades, making my experience here not just satisfactory but genuinely money-smart. HankoTrade is the real deal for those eyeing tight spreads and competitive commissions. It's not just about savings, it's about a smooth, cost-effective trading vibe that syncs perfectly with my financial plans.
Having encountered various brokers, I can affirm that Hanko stands out, particularly in the area of spreads, especially for non-USD pairs. However, what truly clinches the deal for me is their user interface – it's uncomplicated, instinctive, and effortlessly navigable. There are no intricate features or unnecessary embellishments. Instead, it offers a plain and effective trading experience that meets my needs.
I'm a client of hanko for more than a year. Few month ago they stopped to provide mt4 and offered acttrader instead of that. That's not so comfortable, i've requested few withdrawals and i've finally recieved them. So hope the hanko team will be still one of the best team in the markets. For now hanko offers to trade mt4 but by another broker. So hope to stay hanko client in future.
I've been using Hankotrade for about a year. When their Metaquotes license was still in place, everything was operating smooth. In my opinion, Hankotrade was one of the best offshore broker available for US clients. However since the migration, they have completely collapsed, and have diminished as far as efficiency and problem solving goes.
I was completely caught off guard when MT4/MT5 stopped working. During the migration to ACT, I had opened trades, I was attempting to flip my account using a small amount. It was a Thursday, I held it overnight as I was reassured that my trades would still be active, the next day, with a slight waiting time via live chat. On Friday morning, I still didn't have access to my account, using the MT4 chart I realized that my trades would have been in profit. However, during a news report, my trades went the opposite direction and I was locked out of my account, in turn I ended up loosing money and my account went negative. At first I wasn't mad or angry, I understand things happen and this may have been an inconvenience for them as well. I submitted multiple tickets and was told that I would be reimbursed for my losses shortly and was asked to be patient. It took 3 weeks, but I received it.
Last week I attempted to place a trade and couldn't because the ACT app was having technical difficulties. The demo account worked fine, but live was completely out of whack. Anyways, I submitted a ticket and used the live chat and again was told that the issue would be resolved. The next day, I saw that they took my reimbursement out of my account and it went back to negative. It's been a week since, resubmitting a ticket and still this issue is unresolved. I would like to think they are being sincere with their efforts to fix these issues. However, I'm not sure why it's so difficult or taking so long to get it done. It's a small amount, but for the simple fact, they aren't reliable fixing this issue, it makes me very hesitant to deposit any more money. I can only imagine if I had thousands or millions in my account, what a headache this would be!
Anyways, in my opinion, if they can update the ACT trading app and resolve these issues... honestly, Hankotrade would still be one of the top offshore brokers for US clients. I hope my relationship with Hankotrade can be improved once this is resolved. As for now, if you're thinking of signing up... be very careful! Only use a small amount and trade safely.
Fair and Transparent Broker. I always check the costs of my trades, and this broker provides the lowest commissions for ECN conditions without compromising on execution speeds and other important factors. The live chat is fast enough, and everything seems clear and straightforward. I rarely need to reach out to them because everything works smoothly.
Quite suitable for aggressive scalping. Low margin requirements and minimal commissions. Compared to the other ECN brokers I used, Hanko gives me the highest pip-to-commission ratio. Will continue to trade with them as long as trading conditions remain the same.
I use a semi-automated system based on the ATR indicator on HankoTrade's ECN account, and their honesty with spreads is commendable. With the EURUSD's average daily volatility at 95 pips, I set my trailing stop 10 pips away once my trade gains 20 pips. Other brokers I've tried caused me to get stopped out due to spreads on the first pullback. This is not the case, with HankoTrade, I've consistently collected an average of 60 pips daily and occasionally the full 95 pips, making it a preferred choice for day trading the Fiber (EURUSD).
I've been using HankoTrade's ECNPlus demo for a few months, and I have only positive things to say. I'm genuinely impressed because I've never encountered re-quotes or slippage. It's also nice that I can set stop losses and take profits close to the market price.
Hankotrade is the best broker for smooth execution and low commission charges. I can execute my trades quickly and efficiently, and their fees are some of the lowest in the industry.
They are scammers!!! Stay away I warned u!!!!
Over the past year, I haven't encountered any issues at all. Withdrawals have consistently been on time, showing they prioritize having my money ready when I require it. Executions are quick, and I've developed trust in setting stop losses and take profits. Recommed.
Hankotrade has been my trading partner for over a year. Simple platform, great support. They've got transparency and reliability down pat. Thumbs up from me!
My time with HankoTrade has been generally positive. The platform's user-friendliness suggests it's catered to traders of varying levels. Though, there were a couple of moments when navigating got a bit tricky due to naming asssets differently. Like 100GBP instead of UK100.
Kudos to Hankotrade for making my trading and money matters easier. Seriously no one handles withdrawals like them. Just a couple of hours and your money will get back to you. No waiting around crazily for days.
1) I really want to highlight that I always receive my withdrawals on time with Hanko.
2) Order processing is simple, and they usually execute open trades when the take profit level is hit. Spreads are really low, which is nice. Based on my positive experience over the past 2 years, I recommend this broker. I'm hoping for more of the same in the future.
Excellent broker. Please don't change. Continue being the great broker you are!
Good broker to work with, and their efficiency of instant crypto withdrawals only adds to the appeal. Recommend.
Good broker. Only had a problem once with my funds being stuck. Contacted the customer service and my issue was resolved on the spot.
I like trading with Hankotrade. It's a convenient and easy trading platform compared to many others. No complex processes for withdrawals, multiple cryptocurrency options, and fast transfer of funds without long delays.
I have to admit that I have never traded in such a trading environment before. Everything about Hankotrade is top notch from tight spreads and low commissions to customer service.
Awesome broker with tight spreads, low commissions, and helpful customer service. Recommended.
A broker that values my time and money. Withdrawals are lightning-fast, taking only 2 hours, and they don't burden me with any withdrawal fees. Top-notch service.
Customer satisfaction at its best. Hankotrade's customer care team has always gone above and beyond to assist me. It's refreshing to have a broker that actually pays heed to your problem and tries its best to resolve it.
5 stars for hankotrade broker. Very amazing broker. Fast withdrawals. Keep it up!
Hanko is one of the best brokers out there for scalpers. Also, instant withdrawals are fabulous.
Good customer support, tight spreads, instant execution, and timely withdrawals. All in all, a good broker for noob crypto traders like me.
I've been trading with hankotrade since 2020 and I gotta say they've never let me down. Their trading conditions are awesome, spreads are comparatively low and commissions are reasonable too. They've also improved their website's design and functionality lately. And let me tell you their live chat support is super helpful and they are always there when I need them. I'd totally recommend hankotrade to other fellow traders.
Good broker, no kyc, crypto friendly. Recommend for hiding =) and trading.
I've been trading with this broker for a while now and I must say their trading conditions are top-notch. Their spreads on commodity/energy pairs like XAUUSD and XNGUSD are incredibly low, which has saved me a lot of money on transaction costs.
Their ECN account is definitely worth it. Initially, I had a STP account and was copying (via metaquotes signals) from an ECN account, but my trades were not triggering as the spread (including commission) was way wider on the copying account. Switching to a HankoTrade's ECN account helped a lot. I've got a significant improvement.
As a day trader I've been using the Hankotrade's PC desktop MT5 platform for a while now and I have to say, it's been a game changer for me. Their spreads are superb... It allows me to scalp the market (especially EURUSD and GBPUSD) more efficiently. I also like that they offer good leverage on all their accounts. Another great thing about this broker is the large variety of instruments available for trading. This is a big plus for me as I like to have the flexibility to choose different financial instruments and diversify my trading portfolio.
I have been trading with them for a month now, and I've never had any issues with withdrawals as I usually receive them within 3-5 hours approx. It's always been super smooth sailing. The only thing that would make their service even better, in my opinion, is if they added bank transfers for deposits and withdrawals.
I see some people reporting withdrawal issues here and it's quite disturbing, honestly... but I actually had a positive experience with the withdrawal process from my trading account with Hanko. I requested to withdraw $3670 at around 7 am in the morning and received my funds in my Coinbase wallet account by 1:40 pm the same day.
Good luck getting your money back from hanko. Tried to withdraw two times, both times they gave me BS reason that my withdrawal was denied due to congestion on ETH network. Lesson learned.
The commission charges of Hankotrade are really good and don't strip me of my earnings. The support team is prompt and available all day and night, which is great because I need help sometimes. The spreads are really low, so it's affordable for me to trade. However, I think their platform should integrate more advanced trading tools.
I recently made a withdrawal, and although it took almost 11 hours, I contacted the customer service team, and they kept me updated about my withdrawal process. I did receive my funds without any deductions within 40 minutes to be precise. I really appreciate the updates I received throughout the process, and the team was transparent with me about the delays.
I've been trading Forex for a few years now, and I have to say that Hankotrade's withdrawals are lightning fast. Whenever I request a withdrawal, I can always count on it being processed quickly and efficiently. It's such a relief to know that I can access my funds whenever I need them.
I had invested a lot of time looking for a reputable forex broker, but was still unsure about which one to choose. I found hankotrade through my friend. They streamlined and facilitated the registration procedure. Started with their demo account since I wasn't sure. Got really surprised when found out about their zero deposit fee and low commissions. Now trade with hankotrade without any worries. However, they do need to work on their customer support which is slow at times :(
Honestly, I wasn't expecting hankotrade to give me an IB bonus since I have been already scammed in the past by other brokers. Literally a lot of brokers claim to provide IB bonuses, and rewards and all that fancy stuff, but once the referrals get registered on their platforms, they start making false excuses for not giving you the bonus. Harsh reality! Glad hankotrade really kept its words.
Unfortunately, my account balance became negative since I made an impulsive decision. Then I contacted my Hankotrade account manager, and my account balance was back to zero in no time. Hankotrade's negative balance protection is truly a life saver.
Horrible execution times (>3 seconds), slippage in price (always the wrong way), no one can trade under these conditions.
Scam broker. Liquidating your positions with abnormal price movents, slippages!
I've been with hankotrade for over 3 years. At first i had 0 problems, ever since becoming a full time trader i've ran into many issues, to which i've had 0 support from their “25/7 live support“. Beware hankotrade will indefinitely refuse withdrawals and steal deposits often without any reasoning, as well as frozen charts in the middle of high volatility moves, afterwards they did apologize and offer $50 compensation for over $900 in losses. Ironically they never even gave me the $50 compensation and stopped answering emails on this aswell. Moral of the story, think twice before trusting this broker with your money.
Best broker, low spreads with low commissions. Recomended to everyone, especially to scalpers.
Unless you are a swing trader, I would stay away from this broker.
Been with them for 4 months, no issues at all. Have received all my withdrawals on time. I show a lot of the trades live on my YouTube channel "Trade with Pat".
Stay away. Market execution and take profits off by 15 to 18 pips. No help from support. No phone number. My money was stolen with no remorse on their part.
Yep, they took my position out with the excuse of poor liquidity and blaimed me. Stay away, bad broker.
Changed our margins without warning or authorization. Stole our money overnight. AVOID!
Scam. Customer support email is unreachable. Cannot place any trade because "not enough money". Avoid!
Highly recommended for both newbie and experienced traders. Best trading conditions even during news events.
3 months and still on the go, finally a broker with perfect trading conditions. ECN account is better, since spreads are low too.