Hankotrade Reviews
RAW Spreads from 0.0
Up to 500:1 Leverage
3 Account Types
HankoX Platform
📊 Hankotrade at a Glance — Broker Profile & Stats
🏢 Who is Hankotrade?
HankoTrade is an online STP/ECN forex & CFD broker offering raw spreads and low commissions across global markets.
- Type: STP / ECN broker — no dealing desk
- Markets: FX, commodities, indices, crypto CFDs
- Clients: 1,000,000+ across 190+ countries
- Platform: HankoX (web & mobile)
- Partners: 145,000+ registered IBs
Why it matters: Raw ECN pricing with $1–$2 per lot commission makes Hanko a genuinely low-cost broker — but confirm its offshore registration before funding.
★ What Traders Say on Trustpilot
4.8 / 5 · 2,551 reviews on Trustpilot.
- 👍 “Customer service was great today”
- 👍 “Good brokerage so far, withdrawals paid out also”
- 👍 “Been using them for 3 years”
Honest take: Praise centres on responsive support and fast withdrawals. As an offshore broker, size positions sensibly and test a withdrawal early.
💰 Lowest-Cost Account Path
| Account | Spread | Commission |
|---|---|---|
| Standard | 0.7 pips | $2 / $100K |
| ECN | 0.0 pips | $2 / $100K |
| ECN Plus | 0.0 pips | $1 / $100K |
Cheapest path: ECN Plus at $1 per side = $2 round-turn per standard lot on 0.0 raw spreads — among the lowest all-in costs in the offshore segment.
🖥️ Platform: HankoX
Hanko runs its own HankoX platform — no MT4/MT5.
- Web platform — trade from any browser
- Mobile apps — iOS & Android (ActTrader engine)
- Free demo accounts for practice
- Copy/social trading (“Become a Top Trader”) rolling out
Why it matters: HankoX is clean and beginner-friendly, but MT4/MT5-only EA traders should note Hanko does not offer MetaTrader.
📈 Markets & Instruments
One account covers four asset classes:
- Forex — majors, minors & exotics
- Indices — global index CFDs
- Commodities — metals & energies
- Crypto CFDs — BTC, ETH & majors
Why it matters: Crypto CFDs trade alongside FX in one platform — useful for diversifying, though crypto carries higher volatility and swap costs.
⚖️ Key Trading Conditions
- Leverage: up to 500:1
- Spreads: from 0.0 pips (raw)
- Execution: instant, STP/ECN
- Islamic: swap-free accounts available
- Bonus: 100% deposit bonus offer (T&Cs apply)
Why it matters: 500:1 leverage magnifies both gains and losses — most account blow-ups start here. Use it conservatively.
🔁 Top Hankotrade Alternatives
🥇 Exness
Exness — instant withdrawals & very low spreads.
- Raw/Zero accounts, spreads from 0.0
- High leverage; strong automation support
- Regulated arms (CySEC, FCA) + offshore
🥈 IC Markets
IC Markets — true ECN, deep liquidity.
- Raw spreads from 0.0, ~$3.5/side
- MT4, MT5 & cTrader
- Regulated by ASIC & CySEC
🥉 FBS
FBS — low entry & frequent bonuses.
- Low minimum deposit
- Cent & standard accounts
- MT4/MT5; large global base
⭐ XM
XM — heavily regulated & beginner-friendly.
- CySEC, ASIC, DFSA oversight
- No-deposit bonus, strong education
- MT4/MT5, fast support
💼 Account Types & Conditions
STP / Standard
- Min spread: 0.7 pips
- Commission: $2 per $100K lot
- Max leverage: 500:1
- Best for: beginners who prefer spread-only pricing
ECN
- Min spread: 0.0 pips (raw)
- Commission: $2 per $100K lot
- Max leverage: 500:1
- Best for: active traders wanting raw spreads
ECN Plus
- Min spread: 0.0 pips (raw)
- Commission: $1 per $100K lot — lowest
- Max leverage: 500:1
- Best for: scalpers & high-volume traders
Why it matters: Halving commission to $1/side is a real edge for high-frequency strategies.
Islamic (Swap-Free)
- Available on Standard/ECN/ECN Plus
- No overnight swap charges
- Same spreads & leverage as the base account
- Best for: traders needing Sharia-compliant terms
💵 Cost Per Trade — Worked Examples
Standard — ~$11 / lot
One standard lot of EUR/USD:
- Spread 0.7 pip ≈ $7
- Commission ≈ $4 round-turn
- Total ≈ $11 per lot
ECN — ~$4 / lot
One standard lot of EUR/USD:
- Spread 0.0 pip ≈ $0
- Commission ≈ $4 round-turn
- Total ≈ $4 per lot
ECN Plus — ~$2 / lot
One standard lot of EUR/USD:
- Spread 0.0 pip ≈ $0
- Commission ≈ $2 round-turn
- Total ≈ $2 per lot — cheapest
How we calculated
Figures use Hanko’s published commissions ($1–$2 per $100K lot per side) and typical raw-spread values. Actual cost varies with the instrument, session liquidity and slippage.
Always confirm live spreads in the HankoX platform before trading.
💵 Commissions & Trading Costs
📊 Spreads & Leverage
- Spreads: from 0.0 pips (ECN/ECN Plus)
- Standard: from 0.7 pips, no commission tier option
- Leverage: up to 500:1
- Execution: instant, no dealing desk
💱 Commissions
- ECN Plus: $1 per $100K lot (per side)
- ECN / Standard: $2 per $100K lot
- No inactivity commission published
Why it matters: At $1/side, ECN Plus is one of the cheapest commission tiers among offshore brokers.
💸 Funding, Withdrawals & Bonus
- Card, bank & crypto deposits (BTC, ETH, USDT, USDC +)
- 100% deposit bonus offer (T&Cs apply)
- Withdrawals widely praised as fast in reviews
Tip: Bonus credit usually carries trading-volume conditions — read the terms before opting in.
🚫 Restricted Countries
🚫 Where Hankotrade May Not Accept Clients
Hankotrade does not publish a full restricted-country list; its risk notice states the site is not directed at jurisdictions where such use would breach local law. Typically excluded or restricted:
🇺🇸 USA🇨🇺 Cuba🇮🇷 Iran🇰🇵 N.Korea🇸🇾 Syria🇷🇺 Russia🇸🇩 Sudan
Verify first: Confirm your country is accepted during sign-up — KYC may reject restricted regions after deposit.
🎥 Video Guides & Reviews
🎥 Watch Before You Trade
