Headquartered in the Seychelles islands, Hankotrade is a Contract For Differences (CFD) and forex trading broker that offers access to advanced investing instruments. With Hankotrade, you can access dozens of forex, commodities, and cryptocurrency pairs in worldwide financial markets.
Hankotrade offers three main types of accounts – including a Sharia law-compliant version of each –with very low spreads starting at 0.0 pips and commissions per 100k lot going as low as $1. Experienced investors can access maximum leverage of 1:500. For beginners; there’s a completely safe Demo Account where you can test your strategies using real-time data and polish your strategy before risking real money.
In this quick Hankotrade summary, I will go over all the best features of this platform. If you want to read a more in-depth analysis, check out our full Hankotrade review.
All accounts support USD, EUR, and CAD and up to 1:500 leverage. The main difference between these accounts is that the STP Account doesn’t charge commissions but has a spread of 0.7 pips. The ECN and the ECN Plus accounts have a commission of $2 and $1 per $100k traded, respectively, and spreads start at 0.0 pips.
Additionally, you can contact Hankotrade’s customer support for a Sharia law-compliant, swap-free Islamic account. All three regular accounts can be changed to swap-free Islamic accounts anytime.
If you’re looking to take advantage of your IRA through a Self-Directed IRA, we recommend checking out Rocket Dollar, one of the more established platforms in the US.
Hankotrade supports Fx Markets, Commodities Markets, CFD Indices, and Cryptocurrencies and continually expands its offerings. Here’s the breakdown of all the instruments currently available:
Additionally, Hankotrade is fully compatible with trading platforms MetaTrader 4 and MetaTrader 5, which makes it an ideal companion if you’re looking to take your profits to the next level.
We recommend MetaTrader 4 if you’re looking for a simple platform to trade forex and CFDs. MetaTrader 4 is very flexible and beginner-friendly, plus it supports complex trading strategies, mobile trading, and multiple trading signals.
If you’re an experienced investor and you have investments across multiple asset classes, MT5 improves on MT4 and supports stocks, futures, bonds, options, and crypto – in addition to forex and CFDs.
Through the Hankotrade Demo Account, you can access all the markets and instruments and test your strategies safely using real data. The Hankotrade Demo Account is fully customizable; you can always contact Hankotrade’s customer support reps to adjust your balance or make any other change.
If you’re looking for another demo account, we recommend checking out the SpeedTrader review and their demo account, with dozens of features and a free 14-day trial.
Signing up for Hankotrade is very quick and won’t take more than a couple of minutes. There are no special requirements to get started, and here are the steps:
Keep in mind that you can always change your account to be Sharia law-compliant.
If you use our link to sign up, Hankotrade will match your initial deposit – as long as it is over $100. That means if you deposit $1,000, you’ll get a credit for $1,000 in your account, which can be used as additional leverage.
Hankotrade has outstanding user reviews, with an average rating of 4.8 on Trustpilot. Here’s what some of those users have to say about Hankotrade:
If you are still not convinced this service is right, we recommend checking out our TradeStation review. TradeStation supports most financial instruments, including CFDs, forex, stocks, ETFs, options, futures, and crypto, and has comparable fees to Hankotrade.
Also, read CAKTUS AI Review as it has an excellent review as an ai writing tool.
Hankotrade is a very flexible broker with three different accounts to choose from and comprehensive support for financial markets. With Hankotrade, you can access significant forex pairs, commodity/energy pairs, CFD indices, and even cryptocurrency pairs. Hankotrade has excellent Trustpilot reviews and offers beginners a good place to start. If you want more of a charting software, then check out the best charting software for stocks. Experienced investors have access to Sharia law-compliant accounts, customizable demo accounts – with complete access to real market data –and very low fees and commissions. For those reasons, we recommend Hankotrade as one of the best CFD and forex trading platforms.
