Hankotrade

Hankotrade Broker Overview

Hankotrade is an online forex and CFD broker that has operated since 2018 and trades under the legal name Hankotrade Global Markets Limited. Its contact page gives a single office, at the Blake Building, Corner Houston and Eyre Street, Belize City, Belize, and Belize is the jurisdiction the broker associates itself with. No financial regulator licence appears on its record. Accounts are funded in cryptocurrency only, and the broker offers three funded tiers plus a swap-free option, traded on its own HankoX terminal with leverage up to 1:500.

Is Hankotrade Regulated?

No confirmed financial regulation was found for Hankotrade. The record holds no regulator licence for Hankotrade Global Markets Limited, and the broker is classified as having no confirmed regulation. The Belize City address on its contact page is a corporate address, which is not financial supervision, and nothing on the record shows a regulator authorising this firm to hold client money.

For a client the consequences are specific: there is no regulator to complain to, no confirmed compensation or investor protection scheme, and no supervised capital or client-money segregation requirement standing behind the account.

Is Hankotrade Safe?

Safety here turns on what the broker documents rather than on who supervises it, and the documentation is thin. Hankotrade publishes a Deposit Policy and a Withdrawal Policy, and those two pages are the only contract-level funding documents on the site: its Terms of Use is a website information usage agreement and carries no deposit or withdrawal clauses at all. No complaints address and no grievance procedure are published anywhere on the site, so a dispute has nowhere to go but the general support channel.

Two further points weigh on that. Funding is cryptocurrency only, so transfers are irreversible, and the broker states it may decline a withdrawal for an incorrect wallet address, for insufficient free margin, or where the client does not authenticate the request within 48 hours. On the other side, the brand has traded since 2018 on the same domain, and its website, client area and browser terminal are all live.

Hankotrade Account Types

Hankotrade publishes three funded tiers and a swap-free account, each with its own page:

• STP: from 15 USD, spreads from 0.7 pips, no commission.
• ECN: from 100 USD, spreads from 0.0 pips, commission of 2 USD per side per 100,000 USD traded.
• ECN Plus: from 1,000 USD, spreads from 0.0 pips, commission of 1 USD per side per 100,000 USD traded.
• Islamic, swap-free: offered both as an account of its own and as an option on the other three tiers. The broker publishes no minimum deposit, leverage or commission for it.

The three funded tiers share a minimum trade size of 0.01 lots, base currencies in USD, CAD, EUR and AUD, No Dealing Desk market execution on a GMT+2 server, negative balance protection, and permission to use expert advisors, hedging and scalping. ECN and ECN Plus publish a margin call at 70 per cent and a stop out at 50 per cent, while the STP page publishes neither level. The Islamic account page contradicts itself on cost, calling the account commission free in its heading while the body states its features match the other accounts apart from swap charges, and both ECN tiers charge commission. In place of swaps it publishes an administration charge in points, applied when a position is held for two days.

Hankotrade Spreads, Commissions and Fees

The lowest advertised spread is 0.0 pips, on the ECN and ECN Plus tiers; STP starts from 0.7 pips and carries no commission. Commission is charged per side per 100,000 USD traded, at 2 USD on ECN and 1 USD on ECN Plus.

On transfers the broker's own pages do not agree. Its FAQ states a zero fees policy on deposits and withdrawals, and the Withdrawal Policy repeats that the broker applies no charges for transfers, yet the same policy reserves a fee on withdrawals below the 50 USD minimum without publishing a rate, and reserves the right to cancel reimbursed transfer fees where there is no trading activity. Deposit transfer fees are listed as reimbursed. Because charges are reserved in both directions, Hankotrade should not be read as fee free on transfers. Costs taken by a client's own exchange or wallet are separate again, and the broker says those are outside its control.

Hankotrade Leverage

Leverage reaches 1:500, and the same cap applies to all three funded tiers rather than varying between them. Bonus credit is treated separately: funds from the deposit bonus may be used with leverage of up to 1:200, with positions up to 750 times the deposit, or up to 2,000 times during special promotions.

Hankotrade Trading Platforms

Hankotrade trades on one platform, its own HankoX terminal, which it describes as a customised web and app based platform and credits to ActTrader technology. It is published as a browser terminal at trade.hankotrade.com, with Windows, macOS and Linux installers and iOS and Android apps, and the broker also publishes REST, Java and FIX API access. The terminal ships 48 default indicators, 18 analytical objects, 11 time frames and four pending order types, alongside one-click trading, a built-in multi account manager and demo accounts.

One claim on the site is not borne out by it. The site's own page metadata describes the broker as offering MT4, MT5 and ActTrader platforms, but the Trading Platforms menu lists only HankoX, no MetaTrader page, download, server name or connection guide appears anywhere on the site, and the FAQ never mentions MetaTrader. A reader expecting to trade here on MetaTrader should treat that claim as unsupported.

Hankotrade Deposits and Withdrawals

Funding is cryptocurrency only. The Deposit Policy and the deposit method page list eight channels and nothing else: Bitcoin, Ethereum, Litecoin, Dogecoin, Bitcoin Cash, Tether, USD Coin and TrueUSD. No card, bank transfer, wire or electronic wallet option appears on the funding pages, the policies or the FAQ.

Deposits are shown as instant. The minimum withdrawal is 50 USD, and the Withdrawal Policy allows up to 24 business hours to process one while the FAQ says within one working day on business days. Withdrawals are normally returned by the method used to deposit, although the broker says it will send profits by another method in the client's own name on request, and it does not offer transfers to other brokers. No maximum deposit or withdrawal is published, and no per-channel minimum deposit is published either.

The deposit method page is inconsistent about networks for three coins: its summary table lists Arbitrum for Ethereum, Solana for Dogecoin and Polygon for Bitcoin Cash, while the individual coin cards on the same page name Ethereum ERC20, Doge and Bitcoin Cash. A transfer sent on the wrong network cannot be recovered, so that inconsistency is worth settling with the broker before a first deposit.

Hankotrade Support

Support runs through one email address, support@hankotrade.com, together with live chat and a contact form, and the site carries a 30 question FAQ. The broker also runs an official Discord community and a YouTube channel of platform tutorials. Its platform page describes support as 24/5 and multilingual, and no support hours appear in the visible text of the home, contact or FAQ pages. No telephone number is published, even though the contact page names telephone and Skype among its channels, and no separate complaints address is given.

Hankotrade Pros and Cons

Strengths. A low entry point of 15 USD on the STP tier; spreads from 0.0 pips with commission of 1 USD to 2 USD per side per 100,000 USD on the ECN tiers; one platform delivered across browser, desktop and mobile with API access; a swap-free option available on every tier; negative balance protection on the funded tiers; and instant crypto deposits.

Limitations. No confirmed regulation and no confirmed compensation scheme; funding restricted to cryptocurrency, with no card or bank route; transfer charges reserved in both directions despite a stated zero fees policy; a MetaTrader claim in the site's own metadata that the site itself does not support; no published telephone number and no complaints channel; and no client agreement covering deposits and withdrawals beyond the two policy pages.

Hankotrade Review and Assessment

Hankotrade presents as a low cost ECN style broker, and on pricing it largely delivers: 0.0 pip spreads with 1 USD to 2 USD per side commission on the ECN tiers, a 15 USD entry on STP, and a terminal that runs in the browser, on three desktop systems, on mobile and through an API. Against that sit the absence of any confirmed regulation, a funding route that exists only in cryptocurrency, and funding documentation that reserves charges its own marketing denies.

The decision a prospective client faces is therefore not really about spreads. It is whether to send irreversible crypto transfers to an offshore company whose only published funding terms are two policy pages, with no regulator behind the account and no complaints channel on the site. Anyone who proceeds should read the Deposit Policy and the Withdrawal Policy in full first, and settle the MetaTrader claim and the published deposit networks with the broker before funding an account.