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Contract reading

What Hankotrade legally published, but does not want you to read

Every clause below is published by Hankotrade itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: Hankotrade Global Markets Limited

hidden feemarketing contradictionsole discretionwithdrawalsbonus lockcounterparty unnameddeemed acceptancekyc burdenmissing client agreementunilateral amendment

Hankotrade publishes four legal documents and none of them is a client agreement. Nothing says which law applies, which court hears a dispute, or which company holds your money. The sign-in page for its platform calls Hankotrade Multi-Regulated, and no document names a regulator. Its bonus rules, which let it void your profits, sit on a marketing page with no date.

Back to Hankotrade

Contract risk

Money at risk
7.8/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
4
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
17
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
6
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
10

How the 17 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical4
Warning11
Notice2

section 27 of 31is where the deepest clause sits, 87% of the way into the document it is in

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

1 of these 4 figures comes from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical4In the contract. Jump to the clause this comes from.No client agreement, and no court named anywhere$50Fee you were not shown. Jump to the clause this comes from.A withdrawal fee under $50 with no amount stated100%Bonus requirement. Jump to the clause this comes from.The 100% bonus is locked credit, not money2 daysWithdrawal limit. Jump to the clause this comes from.Instant withdrawals, allowed 24 business hours

What the documents say

17 clauses worth knowing about, worst first, each quoted from Hankotrade's own files

01

Nothing Hankotrade publishes governs your trading account. Its Terms of Use covers use of the website, and calls itself part of a public documents package that the site never publishes.

Why this matters

If Hankotrade holds on to your money, no document tells you which law applies, which court hears it, or which company you contracted with. You would be arguing from four web pages.

Exhibit 1CriticalRarely seen4

This Agreement is an integral part of the public documents package, pursuant to which the Company provides services (including the services of financial and informational nature, etc.) to its Clients.
Quoted in Terms of Use
Read from the broker's site on Archived copyOpen the reference
Our own capture of hankotrade.com, taken on Oct 16, 2026No client agreement, and no court named anywhereVisit this page on the broker's siteDownload the full size image file

Where it sits: section 3 of 31 in the Terms of Use, near the start.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must give a retail client a written agreement before trading, setting out the service, the costs, the complaints route and the law that governs it. Hankotrade's published set contains none of those things.

Hankotrade is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingA retail broker almost always publishes a client agreement that names the contracting company, the governing law and a court. Hankotrade publishes four web pages, and the one that calls itself an agreement is about using the website.

  • Worse together with Exhibit 15With no agreement and no court, the only route left is an email to the firm you are complaining about.
02

Hankotrade's FAQ tells you its clients cannot lose more than they put in. The risk warning at the foot of every page, and of every legal document, says accounts can lose more than the deposit.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

A loss can take your account below zero, and nothing you agreed to says Hankotrade will write that off. The answer you relied on sits in an FAQ, not in a contract.

Exhibit 2CriticalHarder than usual

please note that client accounts could sustain lossess of deposited funds or in some cases even exceeding their deposit amount.
Clause Risk Warning in Terms of Use
Read from the broker's site on Archived copyOpen the reference
Our own capture of hankotrade.com, taken on Oct 16, 2026The claim, on Answer to FAQ 26, What is negative balance protection in forex trading?Visit this page on the broker's siteDownload the full size image file
Our own capture of hankotrade.com, taken on Oct 16, 2026What the contract says, clause Risk WarningVisit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus), ASIC (Australia), ESMA (EU)

Firms licensed by the FCA, CySEC or ASIC must give retail clients negative balance protection, so a retail account cannot go below zero. Hankotrade's own risk warning says losses can exceed the deposit, and no document it publishes grants that protection.

Hankotrade is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 1A promise made in an FAQ is in no contract, and no document names a court that could enforce it.
03

Trade with a Hankotrade bonus and it can void your profits. If it finds the bonus came from an internal transfer, the bonus goes and every profit that bonus produced goes with it.

Why this matters

Hankotrade decides on its own whether a transfer was misrepresented, and nothing defines what counts as circumventing. The rule lives on a marketing page it can rewrite tonight, with no version history to show what changed.

Exhibit 4CriticalHarder than usual

If a client is found to have received a bonus as a result of an internal transfer—whether by circumventing or misrepresenting the nature of the transfer—the bonus will be immediately revoked, and any profits generated on the account as a result of the bonus will be voided and removed.
Clause 3 in Trading Bonus & Promotions
Read from the broker's site on Open the reference
Our own capture of hankotrade.com, taken on Oct 16, 2026Hankotrade can void the profit a bonus produced (clause 3)Visit this page on the broker's siteDownload the full size image file
  • Worse together with Exhibit 7The bonus you cannot withdraw until you trade half its value in lots is the same bonus whose profits can be voided.
04

Hankotrade's Terms of Use say it does not accept clients from the USA or the UK. The account opening form still offers both, and nothing warns you before you deposit.

Why this matters

Deposit from London or New York and you hold an account the Terms say Hankotrade does not accept. It can point at that line whenever it suits, and you ticked it at signup.

Exhibit 5CriticalHarder than usual

Company does not accept clients from USA, UK
Quoted in Terms of Use
Read from the broker's site on Archived copyOpen the reference
Our own capture of hankotrade.com, taken on Oct 16, 2026The claim, on Homepage, section headed Global reachVisit this page on the broker's siteDownload the full size image file
Our own capture of hankotrade.com, taken on Oct 16, 2026What the contract saysVisit this page on the broker's siteDownload the full size image file

Where it sits: section 11 of 31 in the Terms of Use, 35% of the way through.

05

The sign-in page of Hankotrade's trading platform is titled Multi-Regulated. None of the documents it publishes names a regulator, a licence number or a jurisdiction.

Why this matters

There is no authority you can take a complaint to, and no compensation scheme behind your balance. No document says your money is held separately from the company's own.

Exhibit 3WarningHarder than usual

This website is not directed at or intended to elicit citizens and is not intended for distribution to or use by any person in any jurisdiction where such distribution or use would be contrary to local law or regulation.
Clause Risk Discloser in Terms of Use
Read from the broker's site on Archived copyOpen the reference
Our own capture of hankotrade.com, taken on Oct 16, 2026What the contract says, clause Risk DiscloserVisit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus), ASIC (Australia)

Firms licensed by the FCA, CySEC or ASIC must name the regulator and the licence number in their client documents, and must hold client money in segregated accounts. No Hankotrade document names a regulator, a licence number or a segregated account.

Hankotrade is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

06

Take out less than $50 and Hankotrade charges a withdrawal fee. The Withdrawal Policy says the fee exists and never says what it is, and the bullet above it says Hankotrade applies no charges at all.

Why this matters

You cannot work out what a small withdrawal costs you before you ask for it. Hankotrade's FAQ sets the minimum deposit at $15, so a first deposit can be too small to take out cleanly.

Exhibit 6WarningHarder than usual$50

The minimum amount of withdrawal is positioned at $50 (Withdrawals below this amount are subject to a withdrawal fee).
Quoted in Withdrawal Policy
Read from the broker's site on Open the reference
Our own capture of hankotrade.com, taken on Oct 16, 2026The claim, on Answer to FAQ 11, Will I get charged by Hankotrade for any deposits or withdrawals?Visit this page on the broker's siteDownload the full size image file
Our own capture of hankotrade.com, taken on Oct 16, 2026What the contract saysVisit this page on the broker's siteDownload the full size image file

What it costsDeposit the $15 minimum and your balance is $35 short of the $50 you need to withdraw without a fee.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must disclose all costs and charges to a retail client before they trade. Hankotrade states that a fee applies below $50 and nowhere states its amount.

Hankotrade is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

A fee below $50 that no Hankotrade document puts a number on

The Hankotrade Withdrawal Policy sets a $50 minimum and says withdrawals below it carry a fee, without ever naming the amount. The FAQ on the same site calls it a zero fees policy. The Terms of Use also keep the right to charge extra fees for any service, at a price Hankotrade sets alone.

Cost disclosure1 clause flagged

Hankotrade keeps the right to charge extra fees for any information or service it provides, and to set that price alone. The sentence sits in the website Terms of Use, not in either payment policy where fees are discussed.

Why this matters

A new charge can appear without your agreement, because the same document counts your continued use as acceptance. Nothing Hankotrade publishes caps what it can charge.

Exhibit 11WarningHarder than usual

In particular, the Company reserves the right to charge extra fees for using this or that information or service.
Clause Company Responsibilities and Rights in Terms of Use
Read from the broker's site on Archived copyOpen the reference

Buried at section 26 of 31 in the Terms of Use, 84% of the way through.

  • Worse together with Exhibit 10Hankotrade sets a new fee and the same Terms treat your next login as agreement to it.

Withdrawals are called instant and allowed 24 business hours

The Hankotrade Withdrawal Policy allows up to 24 business hours to process a payout, while the same page calls its payment methods instant. You have 48 hours to authenticate a request, or Hankotrade can decline it. The three grounds for declining are specific, which is better than most contracts manage.

Exit conditions1 clause flagged

Hankotrade calls its payment methods instant at the top of the Withdrawal Policy. The same page gives it up to 24 business hours to process a withdrawal, and no document says how long a business hour is.

Why this matters

You also have 48 hours to authenticate a withdrawal request. Miss that window and Hankotrade can decline it, and you start the request again.

Exhibit 9WarningStandard wording2 days

Hankotrade uses an efficient and safe procedure to process withdrawals and it may take up to 24 business hours for a withdrawal to be processed.
Quoted in Withdrawal Policy
Read from the broker's site on Open the reference
Our own capture of hankotrade.com, taken on Oct 16, 2026The claim, on Answer to FAQ 1, Why should I choose Hankotrade for my forex trading experience?Visit this page on the broker's siteDownload the full size image file
Our own capture of hankotrade.com, taken on Oct 16, 2026What the contract saysVisit this page on the broker's siteDownload the full size image file

A 100% bonus you cannot withdraw until you trade half its value in lots

Hankotrade matches your deposit 100%, then locks the bonus until you trade standard lots equal to the bonus divided by two. A $500 bonus means 250 standard lots. Once your own deposit balance is used up, Hankotrade removes the bonus.

Bonus lock1 clause flagged

Hankotrade matches your deposit with a 100% bonus, then holds it as margin you cannot withdraw. It unlocks only as you trade standard lots equal to the bonus divided by two, and once your own deposit balance is used up the bonus is removed.

Why this matters

The bonus cannot absorb a floating loss and it disappears with your own money, so it buys you position size rather than a cushion. Cancel it and the full amount comes straight out of your free margin.

Exhibit 7WarningHarder than usual100%

The bonus is credited to your account as additional margin and cannot be used to cover floating losses. It is not withdrawable until trading volume requirements are fulfilled.
Clause 2 in Trading Bonus & Promotions
Read from the broker's site on Open the reference
Our own capture of hankotrade.com, taken on Oct 16, 2026The claim, on Headline of the Hankotrade bonus pageVisit this page on the broker's siteDownload the full size image file
Our own capture of hankotrade.com, taken on Oct 16, 2026What the contract says, clause 2Visit this page on the broker's siteDownload the full size image file

What it costsA $500 bonus on a $500 deposit needs 250 standard lots traded before any of it is yours. In gold or oil, where a trade counts as 0.1 of a lot, that is 2,500 lots.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Deposit $100 or moreA 100% bonus becomes available on that deposit, and on every later one.2
Within 24 hoursYou have to ask live chat for the bonus, or it is not credited.2
Bonus divided by two, in standard lotsThe bonus is released hourly as the volume is met, moving from credit to balance.8
Deposit balance used upHankotrade removes the bonus.2

Hankotrade can rewrite the agreement and need not tell you

The Hankotrade Terms of Use let it change the agreement at any time, and say a client may also be notified. Checking the page is your job, and continued use counts as acceptance of every change. Nothing sets a notice period.

Changing the deal1 clause flagged

Hankotrade can change the agreement at any time, and says a client may also be notified. Watching the page for edits is your job, and carrying on using the site counts as agreeing to every change.

Why this matters

You can be bound by a term you never saw, because nothing sets a notice period or a way of telling you. The only record of what you agreed to is the page as it reads today.

Exhibit 10WarningHarder than usual

The Company reserves the right to amend and addition this agreement at anytime and in such case client may also be notified.
Clause Amendments in Terms of Use
Read from the broker's site on Archived copyOpen the reference

Buried at section 27 of 31 in the Terms of Use, 87% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must give a retail client advance written notice of a change to the terms of the relationship. Hankotrade's Terms say a client may also be notified, and set no notice period at all.

Hankotrade is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

One email address is the whole complaints procedure

Hankotrade's only published complaints route is an email to its compliance team, with no deadline, no reply time and no escalation. Its Privacy Policy promises to tell you how to contact supervisory authorities, then names none. The Terms of Use make you solely responsible for everything done through your account, including losses to Hankotrade.

Complaint route2 clauses flagged

The only complaints route Hankotrade publishes is an email to its compliance team, and it sits inside the Privacy Policy. No document sets a deadline, a reply time or an escalation step, and none names an authority you could go to next.

Why this matters

Your complaint begins and ends inside the company. The Privacy Policy opens by promising to tell you how to reach supervisory authorities, and then names none.

Exhibit 15WarningHarder than usual

We try to satisfy all of our clients requirements but if you have any complaints or require assistance then you write to our compliance team
Clause Complaint Procedure in Privacy Policy
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must run a written complaints procedure with fixed response deadlines, and must tell a retail client about the independent scheme that hears the complaint next. Hankotrade publishes an email address.

Hankotrade is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Everything done through your account is yours alone under the Terms of Use, including anything that causes Hankotrade a loss. The duty has no cap, and no matching duty runs back to you.

Why this matters

If someone gets into your account and trades it, the Terms leave the bill with you. Hankotrade takes on no liability of its own anywhere in what it publishes.

Exhibit 16NoticeHarder than usual

Be fully and solely responsible, according to the effective legislation and public documents of the Company, for all actions, carried out using the Client's account, including actions that caused damage or loss to the Company (namely: the Client is responsible for any unlawful (or inconsistent with Company public documents) actions carried out via his/her account).
Clause Client Responsibilities and Rights in Terms of Use
Read from the broker's site on Archived copyOpen the reference

Buried at section 23 of 31 in the Terms of Use, 74% of the way through.

Hankotrade publishes no client agreement and names no court

Hankotrade publishes four legal documents and none of them governs your trading account. No document names the company you contract with, the law that applies, or a court. The privacy policy at its signup gate names a different company again, Hanko Global Markets Limited.

Missing contract1 clause flagged

At account opening you tick one box for the Terms and the Privacy Policy. The Privacy Policy it opens belongs to Hanko Global Markets Limited at www.hanko-x.com, not to the Hankotrade policy published on the website, and the word Terms beside it links to nothing.

Why this matters

You cannot read the Terms you are agreeing to, and the privacy terms you do accept are a different company's. If something goes wrong, which document applies is an argument before it is a complaint.

Exhibit 12WarningRarely seen

Hanko Global Markets Limited, Blake Building, Corner Houston & Eyre Street, Belize City, Belize.
Clause 14 in Privacy Policy
Read from the broker's site on Open the reference
Our own capture of login.hankotrade.com, taken on Oct 16, 2026The claim, on Consent checkbox on the Hankotrade account opening formVisit this page on the broker's siteDownload the full size image file

Our readingTwo privacy policies for one signup is unusual on its own. Here the one at the gate names another company and another website, while the published one names neither, so the document you accept is not the document on the legal shelf.

Two privacy policies, two companies, two retention periods

The privacy policy you accept at account opening is not the one Hankotrade publishes. The published one keeps your data five years and promises never to disclose it to third parties. The one you accept lets the company share it with marketing and analytics vendors and fixes no retention period.

Your data2 clauses flagged

The published Privacy Policy promises Hankotrade will never disclose your personal and financial information to third parties, apart from a short list, and keeps your data five years after you close the account. The policy you accept at signup allows sharing with payment, analytics and marketing vendors, and fixes no retention period.

Why this matters

Which promise covers your passport scan depends on which document applies, and the two do not agree. The signup version also lets your data move with the business if the company is sold.

Exhibit 13WarningHarder than usual

We at Hankotrade recognize the importance of our clients privacy and we will never use, disclose, sell, rent or lease the client’s personal and financial information to any third parties except to persons acting in a judiciary, representative, or attorney capacity in relation to the client’s trading account, in order to protect against fraud, money laundering, unauthorized transactions, claims or other liabilities.
Quoted in Privacy Policy
Read from the broker's site on Open the reference
Our own capture of hankotrade.com, taken on Oct 16, 2026The claim, on Answer to FAQ 3, Can I delete my account if I am no longer interested in trading?Visit this page on the broker's siteDownload the full size image file
Our own capture of hankotrade.com, taken on Oct 16, 2026What the contract says, clause How long your personal information will be keptVisit this page on the broker's siteDownload the full size image file
  • Same clause as Exhibit 12Both come from the policy at the signup gate: one is about which company it is, the other about what that company may do with your data.

Hankotrade says it may ask about your ethnicity to meet its identity and anti money laundering duties. The Privacy Policy lists it beside your passport number and your social security number.

Why this matters

You hand a special category of personal data to a company that names no regulator and no data protection authority in any document. The policy gives no reason why your ethnicity is needed.

Exhibit 14WarningRarely seen

We may also ask you about your ethnicity, citizenship, social security number or passport number to comply with our KYC and to complete AML obligations.
Clause Purpose of data collection in Privacy Policy
Read from the broker's site on Open the reference

Our readingIdentity and source of funds checks ask for documents, not for ethnicity. Ethnicity is treated as a special category of personal data in most data protection regimes, and no anti money laundering regime requires it.

Trade too little and Hankotrade can take back the fees it reimbursed

All eight Hankotrade deposit methods show the transfer fee as Reimbursed. One line in the Withdrawal Policy lets Hankotrade cancel those reimbursements for a lack of trading activity. No document defines how little trading triggers it, or how much money is at stake.

Idle accounts1 clause flagged

Hankotrade shows the transfer fee as Reimbursed on all eight deposit methods. One line in the Withdrawal Policy lets it cancel those reimbursements for a lack of trading activity, and no document says how little trading is too little.

In plain words

Dormancy means an account left unused.

Why this matters

Money already credited to you can be pulled back, on a test only Hankotrade applies. You get no period, no threshold and no notice to work with.

Exhibit 8WarningRarely seen

Hankotrade reserves the right to cancel reimbursed transfer fees in case of lack of trading activity.
Quoted in Withdrawal Policy
Read from the broker's site on Open the reference

Our readingA dormancy clause normally charges a stated fee after a stated number of idle days. This one instead takes back money the broker has already credited you, with neither a period nor an amount fixed anywhere.

Hankotrade says there is no conflict of interest, in an FAQ answer

Hankotrade's FAQ says all orders are settled with liquidity providers, so there is no conflict of interest. No conflicts policy and no execution policy is published. The only mention of pricing in its documents is the quotation flow from the Company's own trading server.

In plain words

Liquidity providers are outside banks and brokers.

Who takes the other side1 clause flagged

Hankotrade rules out a conflict of interest in an FAQ answer about its execution model. It publishes no conflicts of interest policy and no execution policy, and the only mention of pricing in its documents is its own trading server.

Why this matters

Nothing you agree to says who takes the other side of your trade, or where the price you are filled at comes from. Your fills are measured against Hankotrade's own quotes, with no outside benchmark named.

Exhibit 17NoticeStandard wording

The Company's Trading Server is a software and hardware system connected to the Internet and capable of providing a certain amount of information upon request, if provided authorization is successful. In particular, the information may include the financial instruments quotation flow and economic news.
Clause Basic Definition used in the Agreement in Terms of Use
Read from the broker's site on Archived copyOpen the reference
Our own capture of hankotrade.com, taken on Oct 16, 2026The claim, on Answer to FAQ 21, Does Hankotrade have a dealing desk?Visit this page on the broker's siteDownload the full size image file
Our own capture of hankotrade.com, taken on Oct 16, 2026What the contract says, clause Basic Definition used in the AgreementVisit this page on the broker's siteDownload the full size image file

Where it sits: section 14 of 31 in the Terms of Use, 45% of the way through.

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The FAQ says clients cannot lose more than they invest, and the risk warning under every page says accounts can lose more than the deposit.

Said in public, in English

With Negative Balance Protection, our clients do not lose any more than the total sum invested for CFDs.

Answer to FAQ 26, What is negative balance protection in forex trading?

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of hankotrade.com

In the contract · clause Risk Warning

please note that client accounts could sustain lossess of deposited funds or in some cases even exceeding their deposit amount.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of hankotrade.com

02

The homepage counts its reach in countries while the Terms refuse two of them, and the account opening form still lists both.

Said in public, in English

Hankotrade partners with businesses and individuals in over 190 countries, providing them with reliable and efficient trading solutions.

Homepage, section headed Global reach

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of hankotrade.com

In the contract

Company does not accept clients from USA, UK

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of hankotrade.com

03

The platform page calls Hankotrade multi-regulated, and the closest its documents come to the subject is a line disclaiming any jurisdiction.

Said in public, in English

Hankotrade : Trade with Global Multi Asset Broker | Multi-Regulated

Page title of the Hankotrade trading platform sign-in page

In the contract · clause Risk Discloser

This website is not directed at or intended to elicit citizens and is not intended for distribution to or use by any person in any jurisdiction where such distribution or use would be contrary to local law or regulation.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of hankotrade.com

04

A zero fees policy in the FAQ sits against a withdrawal fee in the Withdrawal Policy whose amount is never stated.

Said in public, in English

No, Hankotrade does not have any charges on deposits and/or withdrawals for its clients. We have a zero fees policy for our clients in this regard.

Answer to FAQ 11, Will I get charged by Hankotrade for any deposits or withdrawals?

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In the contract

The minimum amount of withdrawal is positioned at $50 (Withdrawals below this amount are subject to a withdrawal fee).

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of hankotrade.com

05

Withdrawals are sold as instant and the policy allows up to 24 business hours, a unit no document defines.

Said in public, in English

Hankotrade has maintained its reliable and client freindly reputation through its low spreads, easy deposits and instant withdrawals.

Answer to FAQ 1, Why should I choose Hankotrade for my forex trading experience?

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of hankotrade.com

In the contract

Hankotrade uses an efficient and safe procedure to process withdrawals and it may take up to 24 business hours for a withdrawal to be processed.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of hankotrade.com

06

The headline doubles your deposit while condition 2 makes the second half locked margin that cannot absorb a loss or be withdrawn.

Said in public, in English

Double your Deposit with a 100% Matching Bonus

Headline of the Hankotrade bonus page

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In the contract · clause 2

The bonus is credited to your account as additional margin and cannot be used to cover floating losses. It is not withdrawable until trading volume requirements are fulfilled.

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07

The FAQ says there are no restrictions, while the bonus conditions ban internal transfers and void the profits a bonus produced.

Said in public, in English

There are no restrictions on the platform

Answer to FAQ 17, Are there any restrictions for trading with Hankotrade

In the contract · clause 3

If a client is found to have received a bonus as a result of an internal transfer—whether by circumventing or misrepresenting the nature of the transfer—the bonus will be immediately revoked, and any profits generated on the account as a result of the bonus will be voided and removed.

08

Account deletion is answered as 7 days in the FAQ and as five years in the Privacy Policy.

Said in public, in English

However, we will keep your data on our files for a minimum period of 7 days after you request account deletion.

Answer to FAQ 3, Can I delete my account if I am no longer interested in trading?

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In the contract · clause How long your personal information will be kept

Once you close your account with Hankotrade we shall hold your data for a period of five years to comply with our record keeping obligations under the Money Laundering Regulations 2017.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of hankotrade.com

09

The box commits you to a Privacy Policy belonging to a different company from the one on the website, and to Terms that link nowhere.

Said in public, in English

I agree to the Terms & Privacy Policy

Consent checkbox on the Hankotrade account opening form

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In the contract · clause 14

Hanko Global Markets Limited, Blake Building, Corner Houston & Eyre Street, Belize City, Belize.

10

The FAQ rules out a conflict of interest, while the documents publish no execution or conflicts policy and describe prices coming from Hankotrade's own server.

Said in public, in English

All of our orders are settled with liquidity providers thus ensuring that there is no conflict of interest with our clients.

Answer to FAQ 21, Does Hankotrade have a dealing desk?

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In the contract · clause Basic Definition used in the Agreement

In particular, the information may include the financial instruments quotation flow and economic news.

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The documents this reading is based on

6 files, all published by Hankotrade. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording Hankotrade publishes.

How this reading was done

Every clause above was read out of a document Hankotrade publishes itself

This reading was published on .

Documents
6 of 6downloaded from the broker's site, and 6 read in full
Pages opened
81pages walked to find those documents, footer links included
Older copies
4earlier versions downloaded
Marketing pages
5public pages set against what the contract says
Position measured
6clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

Hankotrade Global Markets Limited

None of the four published documents names the company you contract with. The Terms of Use says the agreement is made between Hankotrade "represented by its Affiliated Partners" and the client, and stops there. The contact page names Hankotrade Global Markets Limited at Blake Building, Corner Houston & Eyre Street, Belize City. The privacy policy you accept at account opening names a different company at that same address, Hanko Global Markets Limited, and sends you to www.hanko-x.com. No document names a regulator, a licence number or a jurisdiction.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

The Withdrawal Policy names three specific grounds for declining a payout: not enough margin, a wrong wallet address, and no authentication within 48 hours. Most contracts reserve a general discretion instead. Hankotrade also reimburses the transfer fee on all eight deposit methods, and says that a crypto exchange in the middle may deduct a percentage it does not control. The risk warning sits at the foot of every page, including every legal document, and it does not soften what leveraged trading can cost.

This review covers all four documents Hankotrade publishes, plus two it does not list on its legal shelf: the bonus conditions on its promotions page and the privacy policy PDF behind its account opening form. Neither the website nor the folder that holds that PDF contains a client agreement. Any documents inside the client area, which opens only to account holders, are not covered. Hankotrade publishes in English only, so there was no second language version of its pages to set against the contract. The bonus conditions carry no date and no version, so there is no way to tell when they last changed.

How to check any of this yourself

Every quote above links to the Hankotrade file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document Hankotrade publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge Hankotrade on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Oct 16, 2026.

If you represent Hankotrade and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on Hankotrade. Whether its licence is real and current is a separate check on the broker profile.

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