Hankotrade Review 2026

Item: Hankotrade
Rating: 3.19
Author: Oleg Tkachenko

By: Oleg Tkachenko
Updated: July 06, 2026

Top Brokers Overview — United States

Visit the site anyway

Min. deposit $10
Fees 9 /10
Account types 4.3 /10
Regulation 2 /10

3.2 /10

High risk

Hankotrade User Reviews 3.8
Commissions and Fees 9.0
Regulation and Safety 2.0
Account Types 4.3
Deposit and Withdrawal 3.0
Markets and Tradable Assets 5.3
Trading Account Opening 10.0
Customer Support 4.2

Hankotrade Pros & Cons

Traders have access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, as well as to desktop and mobile trading. Clients can also use web versions of the platforms;
Bonuses are available;
Passive investment in PAMM and MAMaccounts;
Demo accounts are available for testing trading strategies;
Flexible spreads that depend on the asset;
Prompt client support;
The IB (Introducing Broker) program for extra income.

The broker is not regulated;
Mandatory verification;
A limited number of withdrawal methods.

TU Expert Verdict

Hankotrade carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.

Top-5 Brokers Traders Prefer

zForex

7.9 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.5 /10

Regulation Tier-1

EUR/USD 0.5 pips

Trading.com USA

6.8 /10

Regulation Tier-1

EUR/USD 0.9 pips

OANDA

6.8 /10

Regulation Tier-1

EUR/USD 0.1 pips

FOREX.com

6.7 /10

Regulation Tier-1

EUR/USD 0.7 pips

Hankotrade User Reviews

Score:

3.8 /10

8 total

5-star

0%
4-star

0%
3-star

38%
2-star

13%
1-star

50%

Hankotrade traders can use MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as trade from a desktop computer, mobile device or the web version of the platforms. Personally, I prefer MT4 - it's more familiar, more user-friendly and fits my strategy perfectly. The platform works stably, without fail, and allows you to execute trades quickly. Negative point: the broker is not regulated, which represents a risk for traders. Although trading conditions are generally not bad, the lack of a license raises doubts about the safety of funds. I therefore recommend that you choose a broker carefully and take this point into account.

Les traders de Hankotrade peuvent utiliser MetaTrader 4 (MT4) et MetaTrader 5 (MT5), ainsi que négocier à partir d'un ordinateur de bureau, d'un appareil mobile ou de la version Web des plateformes. Personnellement, je préfère MT4 - elle est plus familière, plus conviviale et correspond parfaitement à ma stratégie. La plateforme fonctionne de manière stable, sans défaillance, et vous permet d'exécuter des transactions rapidement.
Point négatif : le courtier n'est pas réglementé, ce qui représente un risque pour les traders. Bien que les conditions de trading ne soient généralement pas mauvaises, l'absence de licence laisse planer des doutes sur la sécurité des fonds. Je vous recommande donc de choisir un courtier avec soin et de tenir compte de ce point.

The Hankotrade registration process wasn't as easy as I'd hoped - the mandatory document verification was a bit maddening. I wanted to start trading more quickly, but instead I had to wait for confirmation. Of course, I understand that this is standard procedure for security, but I still would have liked it to have been quicker and without unnecessary complications. But I was pleased with the presence of bonuses - it's a nice extra that can help at the beginning. In general, if we close our eyes to the time-consuming verification, the broker's conditions are pretty good.

Le processus d'inscription à Hankotrade n'a pas été aussi facile que je l'espérais - la vérification obligatoire des documents était un peu exaspérante. Je voulais commencer à négocier plus rapidement, mais au lieu de cela, j'ai dû attendre la confirmation. Bien sûr, je comprends qu'il s'agit d'une procédure standard pour la sécurité, mais j'aurais quand même aimé que ce soit plus rapide et sans complications inutiles.
Mais j'ai été satisfait de la présence de bonus - c'est un plus appréciable qui peut aider au début. En général, si nous fermons les yeux sur la longue vérification, les conditions du courtier sont plutôt bonnes.

At Hankotrade, I particularly appreciate the possibility of investing passively thanks to the PAMM and MAM accounts. This is an excellent option for me, as I don't want to analyze the market and open trades myself. I've chosen several managers with good statistics and divided the capital between them. Today, my income depends on their trades, and I save time by simply following the results. The downside of Hankotrade is that the broker offers a limited number of withdrawal methods. I'd like to have more options, especially convenient electronic payment systems. Otherwise, the investment platform works stably, and so far I'm satisfied with the results.

Chez Hankotrade, j'apprécie particulièrement la possibilité d'investir passivement grâce aux comptes PAMM et MAM. C'est une excellente option pour moi, car je ne veux pas analyser le marché et ouvrir des transactions moi-même. J'ai choisi plusieurs gestionnaires ayant de bonnes statistiques et j'ai réparti le capital entre eux. Aujourd'hui, mes revenus dépendent de leurs opérations, et je gagne du temps en suivant simplement les résultats.
L'inconvénient de Hankotrade est que le courtier offre un nombre limité de méthodes de retrait. J'aimerais avoir plus d'options, en particulier des systèmes de paiement électronique pratiques. Sinon, la plateforme d'investissement fonctionne de manière stable, et jusqu'à présent je suis satisfait des résultats.

Make your review professional!

In order to send a review as a PRO, fill out all fields of the form.

What's in it for you?

This review will be posted higher on the list than others.
More users will be able to see your review.
Your review will be marked as "PRO".

Add your photo:

Available JPG or PNG Change

Rate the company:

Each star gives 2 points to the company's score.

POINT OUT THE ADVANTAGES OF THE COMPANY

Point out its weaknesses

Your Name

Social media link:

Leave a message:

Add your image or video:

Commissions and Fees

Score:

9 /10

The trading and non-trading commissions of Hankotrade have been analyzed and rated as having Low fees, with a fees score of 9/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.

Low Forex trading fees
Tight EUR/USD market spread
No inactivity fee
No deposit fee
No withdrawal fee

Complex fee structure

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of Hankotrade with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, Hankotrade’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

Hankotrade Standard spreads
	Hankotrade	ZForex	OANDA
EUR/USD min, pips	0.9	0.1	0.1
EUR/USD max, pips	1.5	0.4	0.5
GPB/USD min, pips	1.1	0.2	0.1
GPB/USD max, pips	1.7	0.6	0.5

RAW/ECN Account Commission And Spread

The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

Hankotrade RAW/ECN spreads
	Hankotrade	ZForex	OANDA
Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency).	2	7	3.5
EUR/USD avg spread	0.1	0.1	0.15
GBP/USD avg spread	0.1	0.15	0.2

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with Hankotrade. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

Hankotrade Non-Trading Fees
	Hankotrade	ZForex	OANDA
Deposit fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0	0
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0	0
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks.	0	0	0-15
Inactivity fee ($, per month)	0	0	0

Is Hankotrade Safe?

Score:

2 /10

Hankotrade has a safety score of 2/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Negative balance protection
Track record over 9 years

Not tier-1 regulated
Not regulated

Hankotrade Security Factors
Foundation date	2017
Negative balance protection	Yes
Verification (KYC)	Yes

Hankotrade is Not a Regulated Broker

Attention! It's your choice to work with regulated or unregulated brokers, but please consider the risks carefully. Unregulated brokers might offer lower fees and flexible trading options, but they lack investor protection, have a higher fraud risk, and no guarantee of withdrawals. Thoroughly research before deciding.

Account Types

Score:

4.3 /10

Hankotrade offers the following account options: Demo, Standard, ECN/Raw spread, Swap Free, Managed.

However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.

Swap Free (Islamic) account
Low minimum deposit
Tight spread ECN account

Micro lots are not available
No VIP account option

Hankotrade account types vs top competitors
	Hankotrade	ZForex	Plus500
Standard	Yes	Yes	Yes
ECN/Raw spread	Yes	Yes	No
Demo	Yes	Yes	Yes
Cent	No	No	No
Micro	No	No	No
Swap Free	Yes	Yes	Yes
VIP	No	No	No
Managed	Yes	No	No

Hankotrade accounts trading conditions

Three accounts are available to Hankotrade traders, which can be created on any trading platform. The maximum leverage for both retail and professional clients is 1:500. The minimum deposit for standard and ECN and ECN Plus accounts is different.

Account types:

Account Type	Description
STP	The minimum deposit is $10. The main account currencies are USD, EUR, and CAD. The minimum spread is 0.7 pips. The maximum leverage is 1:500. Negative balance protection is available. The minimum order is 0.01 lots. Additional trading fees are not charged;
ECN	The minimum deposit is $100. Basic currencies are USD, EUR, and CAD. Spread is from 0 pips. The maximum leverage is 1:500. There is negative balance protection and a fee of $2 in each direction for the turnover of $100,000;
ECN Plus	The minimum deposit is $1,000. The main account currencies are USD, EUR, and CAD. The spread is from 0 points. The maximum leverage is 1:500. There is negative balance protection. A fee of $1 in each direction is charged for the turnover of $100,000.

You can create a demo account in each version of the trading platform.

Hankotrade is a broker offering favorable trading conditions for novice traders and professionals.

Deposit and Withdrawal

Score:

3 /10

Hankotrade received a Low score for the efficiency and convenience of its deposit and withdrawal processes.

Hankotrade offers limited payment options and accessibility, which may impact its competitiveness.

No withdrawal fee
BTC available as a base account currency
Minimum deposit below industry average
No deposit fee

PayPal not supported
No bank card option
Only major base currencies available

What are Hankotrade deposit and withdrawal options?

Hankotrade offers a limited selection of deposit and withdrawal methods, including BTC, USDT, Ethereum. This limitation may restrict flexibility for users, making Hankotrade less competitive for those seeking diverse payment options.

Hankotrade Deposit and Withdrawal Methods vs Competitors
	Hankotrade	ZForex	Plus500
Bank Wire	No	No	Yes
Bank card	No	Yes	Yes
PayPal	No	No	Yes
Wise	No	No	No
BTC	Yes	Yes	No

What are Hankotrade base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Hankotrade supports the following base account currencies: Bitcoin.

What are Hankotrade's minimum deposit and withdrawal amounts?

The minimum deposit on Hankotrade is $10, while the minimum withdrawal amount is $50. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Hankotrade’s support team.

Markets and Tradable Assets

Score:

5.3 /10

Hankotrade offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 62 Forex pairs.

Indices trading
Crypto trading
62 supported currency pairs

Limited asset selection
No ETFs

Supported markets vs top competitors

We have compared the range of assets and markets supported by Hankotrade with its competitors, making it easier for you to find the perfect fit.

	Hankotrade	ZForex	Plus500
Currency pairs	62	50	60
Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs.		80	2800
Stocks	No	Yes	Yes
Commodity futures	Yes	Yes	Yes
Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.	Yes	Yes	Yes
Stock indices	Yes	No	Yes
Options	No	No	Yes

Investment options

We also explored the trading assets and products Hankotrade offers for beginner traders and investors who prefer not to engage in active trading.

	Hankotrade	ZForex	Plus500
Bonds	No	No	No
ETFs	No	No	Yes
Copy trading	Yes	Yes	No
PAMM investing	Yes	No	No
Managed accounts	Yes	No	No

Trading Account Opening

Score:

10 /10

We successfully registered an account with Hankotrade in 8 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at Hankotrade is $10.

This is one of the most accessible and hassle-free onboarding procedures on the market.

Fast registration time (up to 15 minutes)
Fully online account opening process
Quick KYC verification (1 business day or less)

Account setup process may feel less convenient for beginners

Hankotrade account opening
	Hankotrade	ZForex	Plus500
Online Registration	Yes	Yes	Yes
Minimum deposit	$10	$10	$100
Mandatory KYC	Yes	Yes	Yes
Registration time (min)	8	8	5
KYC time (days)	1	1	3

Is Hankotrade available in my country?

If you are a citizen of United States, the broker accepts clients from your country.

Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

Account opening details

Before you start trading, you must register a user account and create a trading account. Registration instructions are as follows:

On the Hankotrade website, click the “Register Live Account” button. Next, fill out the registration form. A confirmation code will be sent to the email address you provided during registration.
After confirming the account, the system will automatically open the user account. You need to create a live account in it. You can do this by clicking the “Add Live Account” button. Next, a menu with a list of available platforms and accounts will appear. Here select the required type of trading account and platform, and specify the desired leverage.

Deposits and withdrawals of funds.
Registration of PAMM and MAM accounts.

Functions of the user account:

Economic calendar;
Detailed report on a trading account;
Quick access to bonuses and referral system;
2FA (two-factor authentication) connection;
Communication with the Hankotrade technical support.

Customer Support

Score:

4.2 /10

The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.

In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.

Information

The client support service operates 24/7.

Operators of the technical support help solving relevant problems
Non-members can get assistance

To communicate with technical support, trader’s contact information is required
Minimal delays are possible

Ways to contact the representatives of the brokerage company:

via live chat on the website;
by writing an email;
through the Account Operation section in the user account;
by creating a ticket in the user account.

You don't need to have an active account to receive a response to your question. Hankotrade technical support is available to traders who do not trade regularly.

Contacts
Foundation date	2017
Registration address	Hankotrade LLC First floor, First St Vincent Bank Ltd Build, James Street, Kingstown, St Vincent and the Grenadine.
Official site	https://hankotrade.com/
Contacts	contactus@hankotrade.com

Best Hankotrade Alternatives

zForex

7.9 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.5 /10

Regulation Tier-1

EUR/USD 0.5 pips

Trading.com USA

6.8 /10

Regulation Tier-1

EUR/USD 0.9 pips

OANDA

6.8 /10

Regulation Tier-1

EUR/USD 0.1 pips

FOREX.com

6.7 /10

Regulation Tier-1

EUR/USD 0.7 pips

FAQs

What trading commissions and non-trading fees does Hankotrade apply on its forex accounts?

Hankotrade is assessed as having low overall fees, with a fees score of 9/10, and does not charge deposit, withdrawal, or inactivity fees according to the provided data. On Standard accounts, trading costs are built into floating spreads (for example, EUR/USD typically ranges from 0.9 to 1.5 pips), while RAW/ECN accounts use market-based spreads plus a $2 commission per lot with average spreads of about 0.1 pips on major pairs.

How do Hankotrade account types differ in minimum deposit and trading conditions?

Hankotrade offers STP, ECN, and ECN Plus accounts, all with maximum leverage of 1:500 and negative balance protection, but with different minimum deposits and fee structures. The STP account starts from a $10 minimum deposit with spreads from 0.7 pips and no additional trading fees, while ECN and ECN Plus require $100 and $1,000 respectively, with spreads from 0 and commissions of $2 and $1 per $100,000 turnover in each direction.

What do Hankotrade user reviews indicate about overall client satisfaction?

The user satisfaction score for Hankotrade is 3.8/10 based on 8 reviews, with 50% of ratings at 1 star and no 4- or 5-star reviews. According to user reviews, overall sentiment is mostly negative, with a larger share of low ratings than neutral or moderate ones.

How straightforward is the Hankotrade trading account opening process?

The account opening process at Hankotrade is fully online, with registration reportedly taking about 8 minutes and KYC verification completed within 1 business day. The minimum deposit is $10, and while the procedure is described as accessible and hassle-free, it may feel less convenient for some beginners.

What feedback is available on Hankotrade customer support responsiveness and availability?

Testing indicates that Hankotrade customer support operates 24/7 but may have noticeable delays in replies and limited depth of assistance, sometimes requiring repeated contact. Based on user feedback in the review, support can help resolve relevant problems and is available even to non-active or non-registered traders, though providing contact information is required and minor delays are noted.