HankoTrade review - Pros, Cons and Traders Ratings.

2.58 • 22 REVIEWS
Updated: Sep 28, 2023

5 star review by drrucker, USA

I've been with HankoTrade for about 3 months now, I have been nothing but impressed with them thus far. Withdrawal times have been very reasonable, the spreads are low, but the customer service has been even better. Any time I've reached out for help they've solved my issue... 

What is HankoTrade?

HankoTrade is an unregulated forex broker with Seychelles located headquarters.

MT4 platform available for desktop and mobile devices is the sole trading platform offered by Hanko Trade

Trading instruments include over 60 forex pairs; cryptocurrencies, including bitcoin, litecoin and ethereum; as well stock indexes, precious metal, commodities as CFDs.

HankoTrade withdrawal and deposit are only available with cryptocurrencies. Hanko broker is accepting clients from USA.

Please read HankoTrade Reviews below and share live trading experiences with this broker.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum to Open Live: $10
Established: Unknown
Address: 7 Albert Street, Victoria, Seychelles
Contact: contactus@hankotrade.com
Regional offices:
Prohibited countries: Unknown
Trading platforms: MT4
Web Trading: ✅ Yes
Mobile Trading: ✅ Yes
ECN: ✅ Yes

Trading Instruments

Currencies: (45+)
Cryptocurrencies: (10+) Bitcoin, Litecoin, Ethereum
CFD: (5+) Gold, Silver, Stock Indexes, Oil

Trading Conditions

EAs/Robots: ✅ Yes
News Trading: ✅ Yes
Scalping: ✅ Yes

Managed Accounts & Social Trading

MAM: ✅ Yes
PAMM: ✅ Yes
Deposit Methods: Bitcoin, Bitcoin Cash, Ether/Ethereum, Litecoin, Ripple (XRP)
Withdrawal Methods: Bitcoin, Bitcoin Cash, Ether/Ethereum, Litecoin, Ripple (XRP)
* Please check broker website for more information
2.58 • 22 REVIEWS

Recent User Reviews of HankoTrade

Alhassa, Saudi Arabia,
Jun 27, 2023,
Registered user

you need to beg for your money

Service use: Live Length of use: 6-12 Months
Although they accept only BTC and they promise that the withdraw won't exceed 24 hours, but that is not true

I had to contact them many times to get my money and it was way pass the 24 hours
Morocco, Morocco,
Jun 27, 2023,
Registered user


Service use: Live Length of use: 0-3 Months
Worst experience with a broker ever, if you are an indices trader, you literally can’t trade, they have the slowest execution I ever experienced, hit buy or sell and wait 20sec for it to be executed, already in drawdown, oh its okey let me place my SL, wait another 20sec, ok market hit my SL, wait for another 20sec to get out of the position
New York, USA,
Jun 2, 2023,
Registered user

To put it lightly this is by far; Worst broker I’ve ever used!

Service use: Live Length of use: 3-6 Months
Definitely the worst broker I've dealt with. I don’t understand how the forex YouTube community recommends them. They are terrible. Their "market execution," and “limit orders” whenever there's a bit of volatility, can take a long time to be executed, and coincidentally, it always happens at the market reversal. Normally, when an order isn't executed instantly, it gets rejected or can be canceled, but not with them. How can they explain that a limit order can take over 30 seconds to be executed especially when the price reaches my limit order, and, as if by "chance," the order always ends up going through just as the market changes direction, after making a significant move in the initially taken direction... It's impossible to scalp during economic news releases with this broker. This happened numerous times! Their explanation: "The price at which your sell order was executed was the best available given the slippage conditions." The issue is NOT the price at which the order was executed but the RIDICULOUS DELAY in executing a market or limit order. Additionally, it must be mentioned that 95% of the time in low volatility situations, orders are always executed with 15-20 pips higher than the displayed spread. Hankotrade, you are a real joke and a true disgrace to the industry. I definitely DO NOT recommend this scam broker.
Midwest, USA,
Mar 14, 2023,
Registered user

They Literally Remove Profitable Trades Hours After They Close

Service use: Live Length of use: 3-6 Months
Hankotrade is a scam by every sense of the word, they literally remove profitable trades after they close wiping any record of it in MT4. They then call you unethical because you had a profitable trade. If you lose money with these same "unethical" trading activities they keep that money even if it was a trade right before or after the profitable one. Trustpilot has dozen of negative reviews which only get removed after days of posting, Trustpilot doesn't seem trustworthy after witnessing the scams take place and yet only fake positive reviews seem to remain on the page leaving new users unprepared for being scammed by Hankotrade.
1 trader has found this review helpful
Panama, Panama,
Feb 26, 2023,
Registered user

Withdrawal problem

Service use: Live Length of use: 0-3 Months
They placed my usdc payment on the etherium network with low gas fees and won’t acknowledge the fact that they can fix it I will not change my reviews until I get my money

These people need to be regulated and under control they literally told there is something wrong with the etherium network I don’t want to hear pathological liars like this I want my money Hanko trade !!!!!
1 trader has found this review helpful
Home, USA,
Feb 25, 2023,
Registered user

I want to give ZERO stars but it makes me select at least one star

Service use: Live Length of use: 3-6 Months
Would give these mother lovers negative stars if I could.Trash broker,stole my money.they will easily accept your deposit and never give you a withdrawal.theyvliterally denied my withdrawal and said I had insufficient funds.u can't even start a withdrawal of you don't have the money in the act.they keep saying I must have had open trades which I horizontal tangoing did not bad donkey brokers.will come up with any excuse to not give you your money ,please stay far away.it has happened twice already.2nd time I allegedly gave them wrong address.i copied and pasted from my browser and made sure.nope they just keep your money
1 trader has found this review helpful
Europe, Latvia,
Jan 11, 2023,
Registered user

Price slippage to liquidate your positions !

Service use: Live Length of use: 0-3 Months
Hello, don't use this broker. They are liquidating your positions with abnormal price movements. Tried this broker cause lot of YouTubers advertise it. Was hoping finally for one good broker with high leverage, but probably that's impossible ! I have screenshots why I can't upload them ?
2 traders have found this review helpful
Forex Peace Army
Review moderation team note
If you want to upload screenshots to support a complaint, open a Problem thread in the Financial Companies Comparisons and Discussions folder.
kingston, Jamaica,
Dec 20, 2022,
Registered user

Update: Hankotrade rep was helpful in addressing my issue

Service use: Live Length of use: 6-12 Months
A Hankotrade representative by the name Frank M. reached out to me to address my issue. He was understanding and was eager to assist. He apologies for the inconvenience and ensured that my funds were reimbursed. For that they deserve a better rating.

Dec 19, 2022 - 1 Star On Dec 13, 2022 during cpi news using account# 4420342 I executed a winning nas100 buy trade using .40 lots (11831 -12121.9) which yielding a profit of 1163.60. Being that this was my most successful live trade to date I was very excited and I ensured I took a screenshot of the trade.

I decided at this point i would not continue any live trading for the rest of the day and proceeded to request a withdrawal. However, before doing so i transferred a some of $1.78 from another account and then initiated a withdrawal of $1269.39. Immediately after I received an email with confirmation of my request.

A few hours later I went into my mt5 account and notice that the earlier executed trade and profits was no longer reflected in my account. I immediately logged onto hankotrade.com and reported the issue to an agent who suggested that i send an email to the support group which I did. For days I have sent multiple emails requesting an update and I have shared valid evidence of the discrepancy (screenshots of the trade and profit, withdrawal confirmation email and also my mt5 journal for the day).

Today Dec 19 a clear 6 days after, they respond telling me that my trade was rejected and suggesting that going forward i should change my trading strategy and engage in more ethical trading. This after me winning the trade and making a profit. This a trade I have done for months where I have loss thousands of dollars and it was never considered unethical until I made a profit. (Trading during news).

When a broker have the power to erase trade history in mt5 , that is very very concerning. $1163 profit compared to the sums I have lost in months due to ridiculous time outs and trades opening distances away from where it is initiated. When I lose during news I have accept the loss but when i do make a profit it is now unethical and considered misuse of their platform.
1 trader has found this review helpful
California, USA,
Jul 21, 2022,

Slow withdrawal fund. Took over 24hrs.

Service use: Live Length of use: 3-6 Months
Easy to deposit funds. Takes a long time for withdrawals. Mine took over 24hrs as they stated they manually processed withdrawals in batches. While their confirmation emails stated within 12hrs. I also use a different broker and it takes them less than 30mins for withdrawals.
Florida, USA,
Mar 3, 2022,

Robbed By HankoTrade

Service use: Live Length of use: 3-6 Months
While I was asleep, HankoTrade placed a trade on my account & it blew the remainder of my funds. My MT5 shows no activity in the journal at that time. The terminal shows a sell, & on the deals tab it shows that I bought. They offered me no help on this situation, stating that since the trade was placed at my IP address that there was no discrepancy on their part (obviously if it was a glitch in the system then it would still appear at my IP address). I asked why my trade conveyed two different messages (Buy & Sell), but they ignored my question.

I 110% recommend choosing another broker.
3 traders have found this review helpful