This review will cover the maximum aspects of Hankotrade broker, explaining how it can help you crack the best deals in the market.
Just like the trio of water, air, and shelter makes life possible. Forex trading also has its own trio set, which includes a good internet connection, substantial budget, and a good Forex trading broker.
Assuming that you can take care of the first two things because they are pretty self-explanatory, let’s move directly toward Forex broker. Choosing a good Forex broker for yourself can be a bit technical, and you might need honest reviews.
Hence to simplify your task, we present a detailed analysis of Hankotrade broker. Read the features and other perks offered by this broker to decide whether it’s a profitable broker for you.
What Exactly Is Hankotrade Broker and How Does It Work?
Hankotrade is a trading platform that provides opportunities in multiple streams like the Forex exchange market, commodities market, CFD indices, and cryptocurrencies.
As a broker, Hankotrade provides the best trading opportunity to the traders on their platform by providing them with excellent features and multiple account types. Their latest technological advancements and features help traders identify the best trades in the market, which has helped them emerge as one of the ideal trading brokers.
Promotional and Referral Program by Hankotrade
Hankotrade provides you the opportunity to earn extra money as bonuses and rewards. These bonuses and rewards can be claimed using the Hankotrade partners program in their partnership section. These options are:
1. Introducing Broker
Introducing Forex Broker is a referral program offered by Hankotrade for traders to earn a commission for referring the Hankotrade broker in their social circle.
When someone joins Hankotrade and completes certain transactions on the account, the person whose referral link is used is awarded a commission. By signing up for the Introducing Broker program, the trader can mint a good amount of commission in his trading account.
It’s important to note that Hankotrade offers more significant referral commissions than other trading brokers, around 40 percent of the total.
2. 100% Bonus
Hankotrade offers traders a 100% sign-up bonus, which can significantly increase their trading budget. The process to avail of this broker bonus is conditional. It requires the trader to deposit a minimum of $100 into their trading account.
Once the condition is met, Hankotrade will automatically reward you with the same amount doubling your wallet. However, note that a 100% deposit Bonus will be credited as an additional margin. Traders can opt for more significant positions than their existing resources.
This shows the dedication of brokers toward their traders to make their experience worthwhile.
Visit the following link to learn more about Hankotrade’s 100% Sign up Bonus:
https://hankotrade.com/100bonus
Top 2 Trading Tools for Clients
1. Forex Calculator
Hankotrade comes with an integrated Forex calculator for a smoother trading experience. You no longer need to look for other 3rd party calculators to calculate your profit margins. Just open up your FX calculator, and you’re good to go.
Forex calculator in Hankotrade can be further divided into parts:
- Commission calculator
- Margin calculator
- Pip calculator
- Swap calculator
2. E-Calendar
Fundamental analysis is essential to curate a robust trading strategy. However, while immersed in the trading, many traders forget about checking the news or important dates that can affect the market. For this purpose, Hankotrade’s e-calendar comes in handy.
The e-calendar shows the list of all the upcoming dates and events that can change the market environment. Moreover, this calendar also shows trade patterns and reasonable forecasts about the market. Traders can keep themselves aware by using this super helpful tool before opening or closing their positions.
Multiple Account Types Offered by Hankotrade:
Hankotrade provides four different types of accounts for traders. The details are enlisted as follows:
1. STP
The very first trading account that Hankotrade offers is STP. The first benefit of using an STP account is that it’s free of commissions. A minimal cost of $10 is required to set up an STP account. It offers the 3 most significant base currencies: USD, EUR, and CAD. It also provides max leverage of 1:500 with negative balance protection.
STP account is concrete proof that Hankotrade is one of the lowest-commission Forex broker choices for traders.
2. ECN Forex Broker
The most convenient and beneficial account option for traders, according to Hankotrade, is the ECN account. Providing max leverage of 1:500 with 0.0 spreads with a minimum commission of $2 per side per $100k trade.
ECN requires a minimum deposit of $100 for account opening.
3. ECN Plus Broker
Another popular account type in Hankotrade is ECN Plus. ECN Plus provides all the features the ECN account offers but with an ultra-low commission rate so that you can make the most of your trading.
Moreover, the spread on this account is 0.0 pips, which makes Hankotrade the zero-spread Forex broker.
It only charges a commission of $1 per side per $100k traded. A minimum of $1000 deposit is required for the ECN Plus account.
4. Islamic Account
Hankotrade makes sure that its trading ecosystem is vast with diversity and open to everyone from anywhere.
They have introduced Islamic accounts within religious bounds to facilitate Muslim traders with profitable trades in their trading ecosystem without religious obligations. These accounts do not have swaps and commissions like the other three types.
Access to Trading Terminals
Hankotrade provides two of the best trading platforms available in the trading market.
1. Metatrader 4
One of the most efficient trading platforms available in the trading market is also available to traders on Hankotrade. MT4 is excellent for fast trading and cross-platform trading, like trading from windows, Mac OS, and mobile OS. MT4 is available 24/5 to traders
2. Metatrader 5
MT5 is the advanced version of MT4, and not so surprisingly, it has started dominating the Forex market for good. It provides more advanced features not available in the MT4 version, like 21 different chart time frames, additional pending orders, and many more exciting features.
The option to choose between the best trading platforms allows traders to select the platform according to their trading style.
Is It Safe to Open the Account with Hankotrade?
Many new traders are hesitant to trust an unknown broker with their assets. They find it extremely hard to switch from their old brokers to new ones. You might have apprehensions about Hankotrade and its services, which is natural.
We have something for you that will remove your doubts and fears about Hankotrade. The following video by Patrick Ryan from the channel Trade with Pat will walk you through every aspect of Hankotrade, including making a deposit and withdrawing profits from the trading account.
Trial and Error Stages for Beginner Traders
Word of mouth can be great for something where the stakes are not as high as in the trading arena. So, a trader needs to test a trading broker themselves before investing in them instead of investing based on others’ opinions.
Hankotrade allows a new trader to test its service on a demo trading account. So that traders can get a glimpse of what they can expect and whether it’s the right trading broker for them.
Final Thoughts on Hankotrade Broker
Having a good trading broker by your side is vital to excelling in the trading market. It helps you make more informed and planned trading decisions while providing you perks and benefits of the ecosystem.
We have made our utmost effort to provide an unbiased review of Hankotrade broker. However, it would be best if you didn’t make decisions based solely on our words. We would recommend you do your research. Once you’re completely satisfied with the reports you have gathered about your trading broker, only invest in it.
Don’t forget to check out the official website of Hankotrade for their terms, conditions, and policies if you’re interested.