bayanalpha Reviews

Review for

Indiana, USA,
Dec 3, 2020,
Registered user

Pretty Garbage Broker with slow order fill, high

Service use: Live

Length of use: 0-3 Months

This broker is not interested in protecting your capital at all. They charge swap fees upto 20$ a day?? haah ridiculous. The slippage is ridiculous and used to steal capital. Spreads are good for about 4 pairs only (3-10). For every other pair, its a spread from 30-50. Which by the way their demo account shows spreads very very tight (same account types). The orders take about 3 seconds to fill. THE WORST PART ABOUT THE BROKER: They place your orders far from the bid and ask line ( using small lot sizes).
  4 traders have found this review helpful
Reply by Hankotrade submitted Jun 10, 2021:
Hi bayanalpha. We are sorry you had a bad experience however please note that swap are mentioned clearly on MT4 and is appears from your conversation with one our agent that you were charged a 3-day swap which is setup on Wednesday close (mentioned on MT4)

In regard to the spread we are proud of the spread which competes with any other top broker. However spread can change depending on liquidity.

Looking at our records we cannot locate any information on your particular trades affected by slippage. We'd appreciate if you could contact us on for us to look into slippage you have received.

Hankotrade Team