If ever you are in the search for a broker, perhaps the name ‘Hankotrade’ might just pop on your search list.
Hankotrade is an ECN broker that offers a wide range of financial instruments, including forex, cryptocurrencies, stocks, and commodities.
What’s even more interesting is their high leverage and low commissions, along with a deposit bonus.
While it proclaims a competitive service, let’s first assess all sorts of goodies and anomalies.
So, before you tick off or consider this broker, a complete, thorough Hankotrade review won’t hurt.
Owing to these remarks, this TRU insight is your open book, allowing you to dissect every detail with honesty. No sugarcoats, just a pure and comprehensive review.
What is Hankotrade?
Hankotrade is an online trading broker established in 2010. It operates as an offshore broker based in Seychelles and is currently unregulated.
It’s known as an ECN (Electronic Communication Network) broker for forex trading and also offers CFD trading on cryptocurrencies, commodities, and indices.
Notably, Hankotrade follows a No-Dealing-Desk (NDD) model, which means that client orders are passed directly to liquidity providers. This setup helps ensure faster execution and minimize potential conflicts of interest.
Hankotrade Review: Full Lists of Features Per Account
Above all kinds of reviews, assessing each feature is important to gauge every detail that might work in your favor or against it.
Here are the complete lists of features for your review:
STP Account
Ideal for beginners, the STP Account offers low entry with a $10 minimum deposit and zero commission trading.
It’s designed to provide straightforward access to forex markets with competitive spreads and reliable execution.
| Feature | Details |
|---|---|
| Minimum Deposit | $10 |
| Minimum Withdrawal | $50 (Crypto) |
| Payment Methods | Crypto (BTC, ETH, LTC, USDT) |
| Trading Fees | 0 commission, spreads from 0.7 pips |
| Leverage | Up to 1:500 |
| Trading Platforms | MT4 and MT5 |
| Tools | Basic ECN tools, fast execution |
| Support | 24/5 live multilingual support |
ECN Account
The ECN Account suits more experienced traders seeking ultra-low spreads from 0.0 pips and competitive commissions.
It delivers direct market access with enhanced liquidity and fast order execution for serious forex traders.
| Feature | Details |
|---|---|
| Minimum Deposit | $100 |
| Minimum Withdrawal | $50 (Crypto) |
| Payment Methods | Crypto only |
| Trading Fees | $2 per side per $100k, spreads from 0.0 pips |
| Leverage | Up to 1:500 |
| Trading Platforms | MT4 and MT5 |
| Tools | Advanced ECN tools, lower latency |
| Support | 24/5 live multilingual support |
Islamic Account
The Islamic Account caters to Muslim traders by offering a Sharia-compliant, swap-free trading option without rollover interest.
It maintains all standard trading features while respecting religious principles.
| Feature | Details |
|---|---|
| Minimum Deposit | Same as the selected account type |
| Minimum Withdrawal | $50 (Crypto) |
| Payment Methods | Crypto only |
| Trading Fees | Same as STP/ECN, but no swap fees |
| Leverage | Up to 1:500 |
| Trading Platforms | MT4 and MT5 |
| Tools | The same tools as the chosen account |
| Support | 24/5 live multilingual support |
Hankotrade Demo Account
Hankotrade offers a demo account alongside its three live account types.
It allows you to trade with virtual funds, making it perfect for testing strategies and exploring the Hankotrade platform before going live.
Regulation and License Check: Is Hankotrade safe?
The main downside we’ve encountered so far is Hankotrade’s lack of regulation. While it offers promising features, safety should always take precedence over potential risks.
Hankotrade isn’t licensed by any top-tier regulators like the FCA, SEC, or ASIC or by any formal regulatory body at all. This means investor protection is limited, and there are no guaranteed compensation schemes or official support for dispute resolution.
Market awareness and financial literacy are your edge. Perhaps there are terms right here that are difficult to decipher for a beginner who’s in search of the right broker.
Here’s a solid foundation to better navigate the twists and turns of the trading world.
A learner is a better trader.
What are the Pros and Cons of Hankotrade?
No broker is perfect. While there are risks, too, it’s still important to weigh them against the potential benefits.
Pros
- Leverage offered reaches up to 1:500
- ECN and STP execution ensure fast order processing
- Entry-level deposits start at just $10
- Offers ultra-tight spreads, going as low as 0.0 pips
- Variety of account types: Islamic, STP, ECN, and ECN Plus
- PAMM and MAM options available for money managers
- Helpful tools like VPS hosting, economic calendars, and trading calculators
- Free demo accounts let users test strategies safely
- Trading costs are competitively low overall
- Supports crypto for both funding and withdrawals
- Open to global traders thanks to minimal regional restrictions
- Permits scalping, EA bots, news-based strategies, and FIFO trading
Cons
- Operates without regulatory oversight
- Only cryptocurrency options are accepted for deposits and withdrawals
- Educational materials are limited or lacking
- No protection scheme for investor funds
- No phone-based customer support
- cTrader platform not supported
Hankotrade FAQ
Does Hankotrade have a deposit bonus?
According to the official Hankotrade site, they offer a 100% deposit bonus for new clients depositing at least $100, up to $25,000.
Withdrawals require meeting certain trading volume conditions, so it’s important to review the terms carefully before accepting.
What makes Hankotrade different from other ECN brokers?
Hankotrade offers low minimum deposits of $10 and flexible accounts that let traders manage multiple clients’ funds.
It also supports crypto deposits and withdrawals worldwide.
Read more: Who Are the Top ECN Brokers in South Africa in 2025?
Is Hankotrade a scam?
Hankotrade is not regulated by top-tier authorities, which means higher risk, but it’s not officially labeled a scam.
Traders should always research and trade cautiously.
Vouch for Hankotrade at CommuniTrade
You may or may not have arrived at the conclusion of signing up to Hankotrade, and it’s okay. I know how difficult it is to trust a broker that comes with certain risks and promising features.
That’s why it’s crucial to join a trading community to further assess things with fellow traders.
In CommuniTrade, you can vouch for brokers on their discussion board. You can even read further lessons or just hang out with memes and daily insights from seasonal traders.
An environment that suits you helps you choose the right brokers that are best suited for you.
