Corporate Profile
Hankotrade Is An Online Contract For Difference (CFD) And Forex Broker Established In 2018. The Company Is Headquartered In Saint Vincent And The Grenadines And Provides Forex Trading Services Worldwide. As A Market Maker, Hankotrade Acts As A Counterparty To Its Clients, Executing Orders Directly From Its Own Liquidity Pool. The Company's Goal Is To Provide Traders With A Diverse Range Of Trading Tools, Flexible Account Types, And Efficient Customer Support.
Regulatory Information
As Of The Third Quarter Of 2023, Hankotrade Has Not Been Officially Licensed Or Regulated By Any International Financial Regulator. The Company Is Currently Not Directly Regulated By Financial Regulators In Any Country Or Region (e.g. FCA, ASIC, Etc.). This Situation May Pose A Risk To Some Traders, And It Is Recommended To Evaluate Carefully Before Choosing This Platform.
Trading Products
Hankotrade Offers A Wide Range Of Financial Trading Tools, Covering The Following Categories:
- Forex Pairs : Supports Trading Of Major And Minor Currency Pairs Around The World.
- Commodities : Includes Gold, Silver, Crude Oil, Etc.
- Cryptocurrencies : Offers Trading Of Mainstream Cryptocurrencies Such As Bitcoin And Ethereum.
- Contracts For Difference (CFD) : Covers Stock Indices, Commodity Indices, Etc.
These Tools Offer Traders The Ability To Diversify And Capture Market Opportunities.
Trading Software
Hankotrade Uses The Mainstream Trading Platforms MetaTrader 4 (MT4) And MetaTrader 5 (MT5) . Both Platforms Are Known For Their Reliability, Extensive Functionality, And Strong Support For Custom Indicators. MT4 Is Suitable For Beginner To Intermediate Traders, While MT5 Offers More Advanced Features For Advanced Traders.
Deposit And Withdrawal Methods
Hankotrade Provides A Variety Of Deposit And Withdrawal Methods, Mainly Supporting:
- Cryptocurrencies : Including Bitcoin (BTC), Ethereum (ETH), Etc.
- Bank Transfer : Deposit And Withdrawal Through The Bank's Telegraphic Transfer Transaction.
It Is Worth Noting That The Company Does Not Support Credit Or Debit Card Deposits And Withdrawals. The Deposit And Withdrawal Process Is Free, And Withdrawals Are Usually Completed Within 1 Working Day.
Customer Support
Hankotrade Provides Multi-channel Customer Support, Including:
- Live Chat Phone Support
- Skype
The Customer Support Team Is Able To Provide Services In Multiple Languages, Covering Major Trading Sessions. However, There Is Currently No 24/7 Customer Support And There Is A Lack Of Customer Support On Social Media Channels.
Core Business And Services
Hankotrade 's Core Business Is To Provide Traders With The Following Services:
- Flexible Account Types : Including STP Accounts , ECN Accounts And ECN Plus Accounts To Meet Different Trading Needs.
- High Leverage : Provides Leverage Up To 1:500, Allowing Clients To Control Large Positions With Small Funds.
- Negative Balance Protection : Ensures That Clients' Accounts Do Not Have Negative Balances, And Losses Beyond The Account Balance Are Borne By The Company.
Technical Infrastructure
Hankotrade Uses The MetaTrader 4 And MetaTrader 5 Platforms, Both Of Which Are Known For Their User-friendly Interface And Powerful Features. MT4 Is Particularly Suitable For Novice Traders, While MT5 Provides Advanced Traders With More Advanced Features, Such As Multiple Order Types And More Detailed Technical Analysis Tools.
Compliance And Risk Control System
Hankotrade Provides Negative Balance Protection , Which Is At The Heart Of Its Risk Management Measures. This Feature Ensures That Traders' Accounts Do Not Incur Losses Beyond The Initial Deposit Due To Market Volatility. However, As The Company Is Not Currently Under Direct Supervision By Any Regulatory Authority, The Details Of Other Compliance And Risk Control Measures Have Not Been Fully Disclosed.
Market Positioning And Competitive Advantage
As A Market Maker, Hankotrade 's Main Advantage Is Its Ability To Offer Lower Spreads And Fixed Cost Structures. This Model Is More Popular With Traders Who Prefer Fixed Transaction Costs Compared To ECN Brokers. In Addition, The Company Offers High Leverage Of 1:500, Providing Important Market Access Opportunities For Traders With Limited Funds.
Customer Support & Empower
Hankotrade Offers A Range Of Educational Resources, Including:
- Economic Calendar : Provides Real-time Alerts Of Important Economic Events And Data Releases.
- Forex Calculator : Helps Traders Calculate Latent Risk And Return.
- VPS Services : Provides A Reliable Connection To Automated Trading Strategies.
However, The Company Has Relatively Limited Educational Resources And Lacks In-depth Educational Content Or Personalized Learning Tools.
Social Responsibility And ESG
Currently, Hankotrade Has Not Detailed Its Social Responsibility And Environmental, Social And Corporate Governance (ESG) Efforts In Its Public Profile. Further Information Has Not Been Disclosed.
Strategic Collaboration Ecosystem
As Of The 3rd Quarter Of 2023, Hankotrade Has Not Disclosed Details Of Its Strategic Partners Or Ecosystem. The Company's Current Focus Appears To Be More On Providing Services Directly To Its Customers.
Financial Health
As Hankotrade Has Not Been Audited By A Third Party Or Made Public Its Financial Statements, Specific Information On Its Financial Health Cannot Be Provided At This Time.
Future Roadmap
Regarding The Future Development Of Hankotrade , The Company Has Not Yet Provided A Clear Roadmap. However, As A Relatively Young Broker, It May Expand Its Product Line, Increase Its Presence In Regulated Jurisdictions, Or Further Improve Its Compliance And Risk Control System In The Future.
Through The Above Introduction, Hankotrade , As A Market Maker Type Online Trading Platform, Offers Traders A Variety Of Trading Tools And Flexible Service Options, But Its Unregulated Status May Pose A Certain Risk To Risk-sensitive Traders.
