In this extensive review of Hankotrade Broker, we will explore the ins and outs of Hankotrade Broker and provide a satisfactory answer to your every “how.”
Let’s find out how Hankotrade brokers make trading too easy.
How do I open a trading account with Hankotrade?
Opening a trading account with Hankotrade is as easy as pie. There is no waiting for months or days to start trading. Just follow the simple steps and start trading right away.
- Visit the brokers website, hankotrade.com
- Click on the Register option
- Fill out the sign-up form
- Check the terms and services agreement
- Click to sign up
How does Hankotrade ensure regulations?
Regulations are a must-check before choosing a broker. It ensures that the broker is legally cleared to carry out financial transactions with it and is allowed to operate in your region of stay. The Financial Service Authority of the Seychelles regulates Hankotrade. The FSA ensures that traders’ funds are immune to fraud on Hankotrade.
How do I access new assets with Hankotrade?
Hankotrade isn’t just limited to one trading asset. Instead, four distinct asset options are available for traders to access the new market. Bring diversity to your portfolio with these new trading assets:
- Forex
- CFD indices
- Commodities
- Cryptocurrencies
How to Choose the Best Hankotrade Account Type?
Selecting the most suitable account type for yourself with Hankotrade is a crucial decision. Start by assessing your trading goals, risk tolerance, and experience level. Hankotrade typically offers four account options, each tailored to different needs.
1. For Novice Traders
Most novice traders prefer lower investments at the start of their trading journey, so choosing the STP account would be the perfect choice for them. STP accountscomes with the following features:
- $10 deposit
- Zero commission
- Negative balance protection
- 0.7 pips spread
- 1:500 max leverage
2. For Expert Traders
Experienced traders who are risk-takers don’t worry about investments, but they are very vigilant about their returns.
Expert traders crave maximum profit and minimal commissions. Choosing ECN and ECN Plus is the way to go for expert traders. The details of each are as follows:
ECN
- $100 deposit
- $2 per side per $100k traded commission
- Negative balance protection
- 0.0 pips spread
- 1:500 max leverage
ECN Plus
- $1000 deposit
- $1 per side per $100k traded commission
- Negative balance protection
- 0.0 pips spread
- 1:500 max leverage
3. For Muslim Traders
Hankotrade encourages diversity and understands that not every feature of its service can be suitable for everyone. Some might refrain from it due to religious obligations. To solve this problem, Hankotrade allows Muslim traders to trade with a Shariah-compliant account.
Is Hankotrade’s trading terminal fast and feature-rich?
Hankotrade offers one of the fastest-growing and most robust trading terminals, ActTrader, to its clients. The platform shift from MetaTrader to ActTrader has stirred a lot of concerns amongst traders about finding the answer to why Hankotrade made this decision and changed its trading platform.
Hankotrade believes in providing the best to its clients so they can reap innumerable benefits in the trading world. Therefore, it partnered up with ActTrader to realize its objective of offering traders a conducive trading arena.
Is ActTrader better than MetaTrader?
ActTrader and MetaTrader are reputable platforms, but ActTrader seems to have raised the bar with its cutting-edge features. The lightning-fast execution speed of ActTrader, handling over 100 ticks per second per instrument, sets a new standard for precision in volatile markets. Its tailored approach allows traders to sculpt their ideal environment, a significant departure from the one-size-fits-all design of MetaTrader.
Furthermore, ActTrader’s extensive toolkit of 11 timeframes, 48 indicators, and 18 analytical objects comprehensively visualizes market opportunities. This, coupled with effortless execution through pre-built order templates and risk-free testing capabilities, gives traders a confident edge in refining and deploying strategies.
The intuitive visual strategy editor in ActTrader makes automation accessible without coding—a feature that stands out against MetaTrader. Real-time risk management tools, multiple account management options, and sophisticated algorithmic trading capabilities further highlight the platform’s versatility.
While MetaTrader has been a reliable choice for years, ActTrader’s dedication, as evidenced by its official partner Hanko’s support and customizations, takes the trading experience to a new level. ActTrader offers a more sophisticated and tailored solution for traders seeking precision, customization, and advanced features in the dynamic landscape of modern finance.
How do I identify the best trades with Hankotrades?
Identifying the best trades with Hankotrades involves comprehensive market analysis with competitive trading strategies and trading tools. Hankotrade provides a wide variety of tools to traders, which are listed below, along with strategies to identify the best trades.
1. Identify Your Trading Style
Identifying the best trades in the market requires one to first identify their own trading style. So first, determine your trading strategy – whether you’re a day trader, swing trader, or long-term investor.
2. Trading Charts
Monitor price charts and look for key indicators like support and resistance levels, trend patterns, and oscillators.
3. E-Calendar
With the help of e-calendars, stay attuned to economic events and global news that may impact your chosen assets.
4. Forex Calculators
Use Forex calculators to identify commissions, margins, pips, and swaps of your potential trade.
How do I withdraw funds with Hankotrade?
Hankotrade offers a straightforward process for withdrawing funds. It offers withdrawals in multiple cryptocurrencies. You need to select your preferred cryptocurrency for withdrawal into your e-wallets. The withdrawals are super fast, and it only takes 24 business hours or fewer to process the funds.
However, remember that withdrawals are subject to a transfer fee if the funds are less than $50.
Proof of Hankotrade Withdrawals
How To Earn with Hankotrade Without Trading?
Traders can actually earn with Hankotrade without trading on it. Yes, it’s possible through Hankotrade’s 100% bonus and introducing a broker program. The details of the programs are as follows:
1. 100% Sign Up Bonus
Traders can earn a 100% bonus on their first deposit of $100.
2. Introducing Broker Program
Another option to earn without trading is inviting new traders to the Hankotrade platform and earning commissions of up to 40% through broker programs.
Limitations of Hankotrade Broker
It’s easy to get lost on the positive side of the broker, but it’s not wise to look the other way at the potential shortcomings of the broker. Shortcomings do not mean that the broker is a scam, but instead, it means that it has room for improvement.
Likewise, Hankotrade also needs improvements in the following departments:
- The customer service of Hankotrade needs some special focus; specifically, the mail response time needs to be reduced.
- More withdrawal options would be appreciable apart from Cryptocurrencies.
Public Image of Hankotrade
Hankotrade’s public image is generally positive within the trading community. Traders appreciate the broker’s commitment to transparency and regulatory compliance. Their innovative trading platform, educational resources, and customer support have garnered favorable reviews.
It’s essential to conduct thorough due diligence and consider individual experiences to form a well-rounded understanding of Hankotrade’s reputation. Overall, Hankotrade strives to build trust and credibility in the competitive world of online trading.
Hankotrade Reviews on Sitejabber
Hankotrade Reviews on Slashdot
Hankotrade Reviews on BrokerXplorer
Hankotrade Reviews on BrokersView
Hankotrade Reviews on FX-List
Hankotrade Review on Forbino
Hankotrade Review 2024 Conclusion: Is Hankotrade Broker the New Trend Setter?
In conclusion, as we’ve explored the enticing prospects and potential limitations of Hankotrade, it’s evident that this broker is indeed a new trendsetter in the world of online trading. Hankotrade has carved a path of its own in an industry often dominated by established giants.
For those traders who are willing to chart an unconventional course and explore new horizons, giving Hankotrade a try could be a game-changing move.
As a parting piece of advice, we encourage you to start your journey with Hankotrade with minimal investments. This allows you to experience their offerings firsthand, test their platform, and evaluate their services without a significant financial commitment.
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