Hankotrade Review
💰 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.
Read our full Exness review
- Raw/Zero accounts, spreads from 0.0
- High leverage; strong automation support
- Regulated arms (CySEC, FCA) + offshore
Read our full Exness review
🥈 IC Markets
IC Markets — true ECN, deep liquidity.
Read our full IC Markets review
- Raw spreads from 0.0, ~$3.5/side
- MT4, MT5 & cTrader
- Regulated by ASIC & CySEC
Read our full IC Markets review
🥉 FBS
FBS — low entry & frequent bonuses.
Read our full FBS review
- Low minimum deposit
- Cent & standard accounts
- MT4/MT5; large global base
Read our full FBS review
⭐ XM
XM — heavily regulated & beginner-friendly.
Read our full XM review
- CySEC, ASIC, DFSA oversight
- No-deposit bonus, strong education
- MT4/MT5, fast support
Read our full XM review
💼 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
⚖️ Pros and Cons of Hankotrade
✓ Pros
- Raw spreads from 0.0 pips
- $1 per lot commission on ECN Plus
- Leverage up to 500:1
- 4.8/5 on Trustpilot (2,551 reviews)
- Fast withdrawals widely praised
- Islamic swap-free accounts
- FX, indices, commodities & crypto CFDs
- Free demo & 100% deposit bonus offer
- 1,000,000+ clients in 190+ countries
✗ Cons
- Offshore broker — limited tier-1 regulatory transparency
- No MT4/MT5 — HankoX platform only
- 500:1 leverage is high-risk
- Bonus carries trading-volume conditions
- US traders not accepted
- Full restricted-country list not published
💳 Hankotrade Pricing & Account Plans
Hankotrade keeps pricing simple: choose a spread-only Standard account or a raw-spread ECN account with low per-lot commission. All accounts share up to 500:1 leverage and an Islamic swap-free option.
| Account | Min Spread | Commission | Max Leverage |
|---|---|---|---|
| Standard | 0.7 pips | $2 / $100K | 500:1 |
| ECN | 0.0 pips | $2 / $100K | 500:1 |
| ECN Plus | 0.0 pips | $1 / $100K | 500:1 |
📊 Hankotrade vs Exness vs IC Markets vs XM
How Hankotrade compares with three popular alternatives on the metrics that matter:
| Metric | Hankotrade | Exness | IC Markets | XM |
|---|---|---|---|---|
| Min spread | 0.0 | 0.0 | 0.0 | 0.6 |
| Commission/side | $1 | ~$3.5 | ~$3.5 | $0 |
| Max leverage | 500:1 | Unlimited* | 500:1 | 1000:1 |
| Platforms | HankoX | MT4/5 | MT4/5/cTrader | MT4/5 |
| Trustpilot | 4.8 | 3.9 | 4.7 | 4.3 |
*Exness offers unlimited leverage on eligible accounts. Ratings/figures change — verify before opening.
⭐ Hankotrade Review 2026: Is It Worth It?
Hankotrade review 2026 — short answer: it’s a strong pick if your priority is low cost. Raw 0.0 spreads with $1-per-lot commission on ECN Plus, up to 500:1 leverage, a 4.8/5 Trustpilot score from 2,551 reviews, and a reputation for fast withdrawals make it competitive in the offshore segment.
Who it’s best for
- Cost-sensitive scalpers and high-volume traders (ECN Plus)
- Traders who want crypto CFDs and FX in one platform
- Beginners who prefer the simple HankoX interface
- Traders needing Islamic swap-free accounts
Who should look elsewhere
- US traders — not accepted
- MT4/MT5 / EA users — Hanko offers HankoX only
- Traders who require tier-1 (FCA/ASIC) regulatory protection
Final word: The cost advantage is real and customer feedback is genuinely positive. Treat it as an offshore broker — start small, test a withdrawal early, and skip the bonus if its volume terms don’t suit you.
🔗 Why Choose Hankotrade as Your Trusted Trading Broker?
★ Trustpilot 4.8 · 2,551 reviews
RAW 0.0 spreads · $1/lot ECN Plus
HankoTrade
STP/ECN broker · raw 0.0 spreads
★ 4.8 / 5 · 2,551 reviews
Up to 500:1 leverage
100% DEPOSIT BONUS OFFER
Try Hankotrade →★ Trustpilot 4.8 / 5 · 2,551 reviews
Raw 0.0 spreads · $1/lot ECN Plus · up to 500:1
Open a Free Hankotrade Account →HankoTrade is a low-cost STP/ECN broker serving 1,000,000+ clients across 190+ countries. The pitch is simple: raw 0.0 spreads, commissions as low as $1 per lot on ECN Plus, leverage up to 500:1, and fast withdrawals that traders consistently praise on Trustpilot (4.8/5 across 2,551 reviews).
What makes Hankotrade different
- Cost. ECN Plus at $1/side is among the cheapest commission tiers in the offshore space.
- HankoX platform. A clean, beginner-friendly web & mobile platform (no MT4/MT5).
- Breadth. FX, indices, commodities and crypto CFDs in one account.
- Flexibility. Islamic swap-free accounts and a 100% deposit bonus offer.
What to watch out for
Hankotrade operates as an offshore broker and does not prominently publish a tier-1 licence, so it lacks the statutory protections of FCA/ASIC-regulated firms. It does not accept US clients, and the 100% bonus carries trading-volume conditions. Manage leverage carefully and test a small withdrawal before scaling up.
Frequently Asked Questions
Hankotrade is an established online STP/ECN broker with 1,000,000+ clients across 190+ countries and a 4.8/5 Trustpilot score from over 2,551 reviews. It operates offshore, so it lacks tier-1 regulatory protection — start small and test a withdrawal early.
Hankotrade does not prominently publish a tier-1 (FCA/ASIC) licence and operates as an offshore broker. Always verify its current registration and your local rules before depositing.
Hankotrade is known for a low minimum deposit suited to beginners. The exact amount can change, so confirm the current minimum when opening your account.
Hankotrade offers leverage of up to 500:1 across its account types. High leverage magnifies both profits and losses, so use it conservatively.
ECN and ECN Plus accounts offer raw spreads from 0.0 pips. Commission is $1 per $100K lot on ECN Plus and $2 on ECN/Standard. The Standard account is spread-only from 0.7 pips.
Hankotrade runs its own HankoX platform, available on web and mobile (iOS and Android). It does not offer MetaTrader 4 or 5, so MT4/MT5 EA users should note this.
Reviewers frequently praise Hankotrade for fast deposits and withdrawals via card, bank and crypto. Processing times vary by method — test a small withdrawal first.
Hankotrade promotes a 100% deposit bonus. Bonuses usually carry trading-volume conditions, so read the terms before opting in.
Yes. Swap-free Islamic accounts are available on Standard, ECN and ECN Plus, with no overnight swap charges and the same spreads and leverage as the base account.
No. Hankotrade does not accept US clients, and its services are not directed at jurisdictions where local law would prohibit them. Confirm your country is accepted during sign-up.