Company Summary
| Aspect | Information |
| Registered Country/Area | ST Vincent and the Grenadines |
| Founded Year | 2019 |
| Company Name | Quotex |
| Regulation | Not Regulated |
| Demo Account | Not Specified |
| Minimum Deposit | $10 |
| Maximum Leverage | 1:500 |
| Spreads | Starting from 0.0 pips |
| Trading Platforms | MetaTrader 4 and MetaTrader 5 |
| Customer Support | Email, Contact Form, Live Chat, and Phone. |
| Payment Methods | CryptoCurrencies |
Introduction
Hankotrade is a CFD online trading platform with multiple trading opportunities. It offers traders assets and tools that enhance the trading experience. Hankotrade is a web-based broker that operates on MT4 and MT5 trading platforms. These platforms offer advanced charting tools and indicators useful for traders with different experience levels.
This Hankotrade review will discuss the platform, its features, and its legitimacy.
Trading Instruments
At Hankotrade, you can trade in 4 different assets in the global market. These products help in building a strong portfolio.
FX Major Pairs
Traders can access over 60 currency pairs. The market is open 24/5 offering wide opportunities to the traders. The platform offers tight spreads and leverage for better trade.
Commodities
The platform offers low and competitive spreads on commodities like precious oils and metals. The spreads can start from as slow as 0.7 pips.
CFD Indices
Hankotrade offers CFD indices trading in over 11 major stocks. The platform makes sure to provide traders with the best trading opportunities.
Cryptocurrencies
With the growing popularity of the digital market, Hankotrade has introduced trading in crypto for its users. The platform offers lower spreads and zero commission.
Withdrawals and Deposits
Hankotrade restricts its users to only one type of payment method which is Cryptocurrencies. The deposits and withdrawals at the platform take not more than one business day making it convenient for the traders. The platform has different minimum deposits for the segregated account types.
The platform does not charge any additional fee for the transactions however, there might be bank charges applied by third parties.
Account Types
The platform offers multiple account types catering to the needs of traders with different trading goals. These account types are:
STP Account
This account type gives global market access to the traders. The STP account holders get commission-free trading with spreads starting from 0.7 pips. The account has a minimum deposit of 10 USD.
ECN Account
Traders with ECN accounts get the advantage of tighter spreads starting from 0.0 pips and a maximum leverage of 1:500. These accounts have commission involved which is 2 USD per side on 100k USD trade.
ECN Plus Account
This account type is the most popular among highly experienced traders. They get access to the most advanced tools and features with minimum commissions. These accounts are for those with high investing budgets as the minimum deposit starts from 1000 US dollars.
Apart from these the platform also offers accounts for traders with Islamic principles. Each of the above account types allows swap-free Islamic account options, making it accessible for them.
