Hankotrade Review – Is Hankotrade Regulated?

The Financial Services Authority of Seychelles regulates the Sanko trade.

Hankotrade is a Seychelles-registered forex broker with ECN trading for significant currency pairs, indices, and cryptocurrencies. It offers competitive spreads, high leverage, and numerous trading options. It also offers trading on MetaTrader 4 and 5 platforms.

The company offers a variety of account types, including STP, ECN, and ECN Plus accounts. Additionally, it offers a swap-free Islamic account, which complies with Sharia law. Hankotrade is regulated by the Financial Services Authority of Seychelles but does not disclose details on its website.

Hankotrade is an ECN broker, meaning its clients place orders directly with liquidity providers, eliminating potential delays in trade execution. They also offer MetaTrader 4, a popular trading platform that can trade multiple asset classes. In addition, they offer low commissions and leverage up to 1:500. The company’s website also has several helpful trading tools, such as a virtual currency calculator.

There are several risks associated with working with an unregulated broker. First, learn more about the broker’s licensing before making a deposit. This could be a red flag if the broker lacks a license or is based offshore.

Sanko trade offers high trading leverage up to 1:500

Hankotrade is a good choice if you want an unregulated broker with high trading leverage. The company allows traders to trade on various instruments and requires just a $10 minimum deposit to open an account. The company also offers low commissions and tight spreads. Additionally, a demo account is available for those not yet comfortable trading with real money.

The company has several trading platforms that offer high trading leverage. For example, with Hankotrade, you can use a leverage of up to 1:500. You can choose from major currency pairs, minor currency pairs, cryptocurrencies, and gold. You can also trade with a leverage of 1:50 or 1:500 for Islamic accounts.

As a No Dealing Desk broker, Hankotrade passes your orders directly to liquidity providers for fast execution. It provides MetaTrader 4 trading platforms for traders of all experience levels. In addition, it offers a wide range of trading tools, including common technical indicators, to identify the market’s direction.

Sanko trade offers a demo account.

Demo accounts are an excellent way to see what the market is like without committing to a real trading account. These virtual accounts can provide the same access to trading instruments as a real one, and you can start one with as little as $10. The main advantage of a demo account is that you don’t risk your own money. You can also get help from customer support via social media, email, or live chat. Sometimes, you can even get a callback if you have a question.

There are several different types of accounts available at Hankotrade. Traders can choose one that suits their trading needs, from those who want to practice in a low-risk environment to traders who want tight spreads and lower commissions. There are also two options for account holders who want to trade in multiple currencies. These options include STP and ECN accounts and an ECN Plus account.

Hankotrade is a Dealing Desk broker, which means that the brokerage passes client orders directly to liquidity providers, making trade execution faster. Additionally, the company offers MetaTrader 4 trading platforms, which support multiple asset classes. The company offers demo accounts, multiple deposit options, and helpful trading tools.

Sanko trade offers a rescue bonus.

Hankotrade promises a $100 welcome bonus for its customers. Besides this, it also offers a rescue bonus of up to $100, so there’s an additional incentive to sign up. However, these bonuses do not amount to much. The downside is that many scam artists use the company’s services and will demand a bonus deposit from their customers before allowing them to withdraw their money. This means they’ll make up to $1,200 from their customers before withdrawing their money.

In addition to the rescue bonus, Hankotrade also offers a 100% credit bonus. This is designed to protect your trades when they’re in a drawdown. This bonus is available to you after you’ve traded the required lots, and there’s no expiration date.

While rescue bonuses are an excellent option for traders looking for more leverage, they’re not available with every broker. The rescue bonus is a way for traders to boost their trading capital and avoid losing money during a period of severe drawdown. Most brokers don’t offer this type of bonus, but Hankotrade offers a rescue bonus for their traders.