Updated October 23, 2026

hankotrade

Summary of Hankotrade

This Hankotrade review covers a forex broker that has outlasted most of its competition. The company says it has been serving forex traders since the 1980s.

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It is still running. ActTrader as the terminal, three account types, leveraged trading. Most of what an active trader needs day to day is covered.

Our score comes out at 6.7 out of 10. Tight spreads, a quick signup and a varied instrument list carry that number, while regulation drags it down.

It is also one of the few brokers that lets you withdraw commissions earned through referrals. Most trap that money in the account.

There is more to unpack. Below I go through the accounts, the costs, the platform and the parts that gave me trouble. Decide from there whether this broker fits how you trade.

Hankotrade at a glance

Everything below comes from the broker's own materials and the platform card, current as of August 2026. Anything the broker does not publish is marked that way.

Rating: 4.5 out of 5 on the platform card, 6.7 out of 10 on our own scoring

Entity: Hankotrade Global Markets, registered office in Belize, physical office in Business Bay, Dubai

Regulation: MISA registration only, no CySEC and no FCA

Minimum deposit: $10 on the STP account

Accounts: STP, ECN, ECN+, an Islamic swap-free version of each, plus a demo

Spreads and commission: 0.7 pips with no commission on STP and Islamic, 0.0 pips with $2 per lot per side on ECN, 0.0 pips with $1 per lot per side on ECN+

Leverage: up to 500x

Instruments: 62+ forex pairs, metals and oil from 0.7 pips, index CFDs, three crypto pairs

Platform: ActTrader on desktop, iOS, Android and web, no MetaTrader 4 or 5

Funding: crypto only, Bitcoin, Litecoin, Ethereum, TrueUSD, USDC, Bitcoin Cash, Dogecoin and Tether on ERC-20

Deposit and withdrawal fees: none from the broker, you pay the network fee

Withdrawal times: not published, check with the broker before funding

Inactivity fee: none

Passive accounts: PAMM and MAM, requiring two sub-accounts and a main balance above $10,000

Copy trading: not available

Affiliate program: Introducing Brokers, up to 40 percent of commissions on traded volume

Security: segregated accounts, two-factor authentication, SSL, cold wallets with offline keys

Support: email answered under 24 hours, phone 24/5, live chat with a human

Availability: 190 countries with exclusions

Two lines deserve the most attention. Funding is crypto only. No card, no bank transfer, and no way out except back into a wallet. The regulator is MISA rather than a mainstream authority. Neither is a disqualifier alone. Together they define who this broker is for, so compare the terms against the regulated brokers in our directory first.

Pros and cons

Pros

Competitive spreads
500x leverage on trades

Cryptocurrency funding

Prompt customer support

Supports passive accounts

Cons

Lightly regulated
Limited withdrawal methods
Recently lost its MT4/5 License
Tether is only supported on the ERC-20 network, which might attract high transaction fees

Evaluating high impact factors

User satisfaction: 7 / 10

Regulation: 3 / 10

Educational Content: 7 / 10

Webinars: 7 / 10

Spreads and commissions: 8 / 10

Customer support: 8 / 10

Trade with Hankotrade if:

You want what an ECN broker does well. Tight spreads and real volume, rather than a dealing desk taking the other side of your order.

Orders can route through the interbank market instead of a desk broker. That single detail is what puts Hankotrade above a lot of names in this bracket.

Don’t trade with Hankotrade if:

You want a licence from a top-tier regulator such as CySEC or the FCA.

Hankotrade holds only a MISA registration. The oversight there is not comparable, and if regulatory protection is your main filter, this broker fails it.

Verified office address

The company is registered as Hankotrade Global Markets, with its registered office in Belize. The physical address sits in Dubai:

Citadel Tower, Office Number-2802, Business Bay, UAE.
Most of the workforce is remote, though people do work from that office.

Expert opinion on Hankotrade

Commentary on X, formerly Twitter, skews negative. Two recent examples:

“Warning! Hankotrade asked customers to transfer their funds to Fyntura… In 2023, Hankotrade found itself under the spotlight when WikiFX uncovered damning evidence against the company.”

Abdul, Crypto Trader: X

“I’m using Hankotrade. They are no longer with MT4 or 5, but they have a partner I can sign up with, Fyntura US client… I’ve heard Coinexx is a good option too.” (Edited for clarity.)

Gino Tamayo, Trader: X

Both testimonials point at the same event, and it is the most important thing on this page. Hankotrade lost its MetaTrader licence. It now runs on its own terminal, with Fyntura named as the partner clients were pointed toward. Verify that arrangement with support before moving funds anywhere on someone's instruction. A request to send your balance to a third party should always be checked by phone.

Expert review of Hankotrade

The chatter is one thing. I opened an account and tested the platform myself, and here is what came out of it.

An impressive selection of trading instruments

Forex is the core of what Hankotrade does.

Over 62 major, minor and exotic pairs are available, with spreads from 0.0 pips on the ECN tiers. On the exotics, where spreads widen, the VPS helps with latency.

Here are just some of forex pairs offered by Hankotrade:

Commodities are a strong point too, metals and oil included. Spreads there start at 0.7 pips.

Index CFDs are supported as well. A CFD is a bet on where the price goes next. That makes it one of the more aggressive instruments here. The website does not always show the index CFDs correctly, and I have raised that with support.

Crypto is limited to three pairs: LTC-USD, BTC-USD and ETH-USD.

Choice of accounts

There are three account types: STP, ECN and ECN+.

Any of them can be converted into an Islamic swap-free account.

I started on STP. A $10 minimum deposit and no commission make it an easy place to begin.

For spreads from 0.0 pips you need ECN or ECN+, and there you pay per lot instead.

Demo support

New traders can open a demo account and learn the interface before risking anything.

If you already hold a live account, you can log straight into the demo interface without opening a second one.

The trading screen shows market depth, order book detail and the settings tied to your account type.

Video resources

Education here is kept simple. Hankotrade runs a YouTube channel with tutorials on the ActTrader interface, and that is the extent of it.

Signing up with Hankotrade

Registration is a four-step process:

Click “Register” at the top of the homepage

Fill in your info (name, email, country of residence, phone number)

Read and agree to the Terms and Conditions and the General Risk Disclosure

Click the “Sign Up” button

It should be quick. In practice I waited while the system processed the form. Most brokers do not make you sit through a buffering screen at signup.

On the dashboard you verify your email with a six-digit code. After that the platform opens up.

This part gave me trouble as well. Verification took several attempts, because the system kept returning an Invalid Code error on a code that was correct. Worth knowing before you start.

Dashboard experience

The Hankotrade dashboard is minimal, and that works in its favour.

A Quick Links panel sits on the right and covers everything from account types to the FX calculators.

No filler, no hunting for a setting, no confusing tabs. It is all in one place.

Deposits and withdrawals

Funding is one of the better parts of this broker, and also one of the most restrictive.

Crypto is the only option, in or out. The supported tokens are:

Bitcoin

Litecoin, Ethereum (ETH network), TrueUSD (ETH network), USDC (ETH network), Bitcoin Cash, Dogecoin, Tether (ERC 20 Address)

The broker charges nothing on deposits or withdrawals. You pay the network fee, which applies to any crypto transaction.

I had ERC-20 Tether sitting in MetaMask and moved it into the Hankotrade wallet without any friction.

TRC-20 Tether support would be better. Gas fees on that network are a fraction of what ERC-20 costs.

Trading conditions

Spreads and commissions depend on which account you hold:

STP and Islamic Accounts: 0.7 pips, zero commissions
ECN: 0.0 pips, $2 commission per lot per side

ECN+: 0.0 pips, $1 commission per lot per side

Run those three lines against your own volume before choosing. ECN charges $2 per lot per side, so a round turn costs $4 on a standard lot. STP charges nothing but starts at 0.7 pips. On a major pair that is roughly $7 per lot. At that level ECN wins. ECN+ halves the commission again to $1 per side, the cheapest of the three for anyone trading regularly. One catch: the broker does not publish a minimum deposit for the ECN tiers, so ask before you assume $10 applies there.

There is no inactivity fee, which matters if you trade in bursts rather than daily.

The 0.7 pip figure is a starting point rather than a ceiling. Raw spreads are usually available, and they move with volatility and liquidity.

How to start trading on Hankotrade

Once the account exists and the email is verified, you can trade.

ActTrader is the broker's own terminal. It borrows heavily from MetaTrader 4 and MetaTrader 5. It runs as an Android app, a desktop app, an iOS app or in the browser.

The feature set differs slightly by platform.

Desktop app

Packed with 50+ indicators

Optimized for the wider screen

Easy to download and install

iOS app (ActPhone)

Secured by biometrics

Improved charting experience

Supports price quotes up to 8 decimal places

Live streamed rates

Easy order management

Android app (ACTDroid)

Features account monitoring tools

Access to 48+ indicators

Built-in language translator

Web platform

Customizable platform

Offers insights related to the account types

Multi-window platform

Supports visual algorithmic trading via advisors

Whichever version you pick, ActTrader gives you 11 time frames and four pending order types on every instrument.

Useful tools for traders

Users can access the following tools and resources on Hankotrade:

Advanced charting support via the Act Trader interface
Multiple technical indicators and expert advisors for automated trading
Customizable indicators, courtesy of MQL programming language implementation
Forex calculator to help you identify the commissions, margin, Pip, swap rates, and more
Virtual private server (VPS) for lowering latency, which can minimize forex-specific slippages
An economic calendar that tracks key market-related world events

Investing opportunities

The trading tools were the part I enjoyed most. The broker also offers ways to earn without trading yourself.

Copy trading is not available. PAMM and MAM accounts are, which was a pleasant surprise at this level.

The entry conditions are steep. You need two sub-accounts and a main account balance above $10,000. These are products for larger investors, not for someone starting on $10.

Once the account is open, you register as a manager and set what share of client profits you take.

The minimum trade size on PAMM and MAM accounts is 0.01 lots.

Hankotrade affiliate program

The affiliate scheme is called Introducing Brokers, or IB. Referrers can earn up to 40 percent of the commissions generated by their traded volume. That is generous by industry standards.

Opening an IB account is straightforward. Opt in, take the referral link, invite traders.

IB holders can also earn by bringing other people into the affiliate program itself.

Security standards

The safeguards Hankotrade lists are:

Separate accounts to keep client funds safe

Two-factor authentication

Secure SSL encryption

Advanced encryption standards

Client funds kept in cold wallets, with private keys stored elsewhere on offline devices

The homepage carries a CFD risk disclosure and a restricted countries notice. That is the minimum any broker should publish.

State of customer support

The security list impressed me. Then the one-time password stopped working and I raised a ticket. The response was fast and the problem was fixed properly, which counts for more than the list did.

If something goes wrong, there are three ways to reach the support team:

Emailing them at support@hankotrade.com for more descriptive concerns (typical response time is under 24 hours)

Calling them at 1-607-558-0575 (available 24/5)

Opening a livechat window to speak with an actual human being (not a chatbot)

Who Hankotrade suits

It suits an active forex trader who already holds crypto and is comfortable funding with it. Tight spreads, a $1 commission tier and no inactivity fee add up over a year.

It suits a referrer with an audience. The IB program pays 40 percent and lets you withdraw those commissions.

It does not suit anyone who needs MetaTrader. That licence is gone and ActTrader is the only option.

It does not suit a trader funding from a bank card, or one who wants a mainstream regulator to complain to. On both counts our broker ratings are the place to start instead.

FAQ

What is Hankotrade?

Hankotrade is a forex and CFD broker registered as Hankotrade Global Markets, with a registered office in Belize and a physical office in Dubai. It offers over 62 currency pairs, commodities, index CFDs and three crypto pairs through its own ActTrader platform.

How does Hankotrade work in 2026?

You register, verify your email, fund the account with crypto and trade through ActTrader on desktop, mobile or the web. Three account tiers set your costs: STP pays no commission on wider spreads, while ECN and ECN+ start at 0.0 pips and charge per lot.

Is the platform safe and regulated?

It holds a MISA registration and nothing from CySEC or the FCA, so regulatory protection is thin. The broker does list segregated client accounts, two-factor authentication, SSL and cold wallet storage with keys kept offline. Those are its own measures, not supervised ones.

What is the minimum deposit on the platform?

Ten dollars on the STP account. The material we reviewed does not state a separate minimum for ECN or ECN+, so confirm the figure with support before funding one of those tiers. There is no inactivity fee on any account.

How long does a withdrawal take on the platform?

The broker does not publish processing times. Withdrawals go out in crypto only, using the same tokens accepted for deposits. Hankotrade charges nothing itself, so the cost is the network fee, and on ERC-20 Tether that fee can be significant.