Hankotrade

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    Review of a Hankotrade broker – is it a scam or not?

    Nowadays, trading with brokers has become more popular and attractive to many people. But it is really necessary to find a reliable partner for trading. Everyday people find themselves ensnared in the trading set by brokers. These deceptive brokers will go to lengths to deceive traders into entrusting their funds with fraudulent brokerage firms. If you have fallen victim to the practices of Hankotrade, it is imperative that you seek assistance without any delay. It is important to understand that you are not alone in being defrauded by a Hankotrade broker and there remains a chance for a refund of your funds. So let’s take a look at real customer reviews and let’s roll straight into the topic!

    Date grounds

    2021 year

    Official website of the company

    hankotrade.com

    Contact details

    [email protected]
    +44 20 8123 9377
    7 Albert Street, Victoria, Seychelles

    Pros
    • There is a trust management
    Cons
    • No license from the Central Bank
    • False registration address
    • No information about withdrawal of money
    Trading platform

    МТ4, МТ5

    Accounts

    STP, ECN, ECN Plus, Islamic Account, Demo Account

    Account currency

    USD

    Deposit/withdrawal

    10$

    Minimum deposit amount

    10$

    Leverage

    1:500

    Min order

    0,1

    Spread

    2.0

    Financial instruments

    Stocks, indices, commodities, precious metals, currency pairs, cryptocurrencies

    Trading Features

    The office is a fake broker that does not withdraw profits and blocks the withdrawal of client investments

    Competitions and bonuses

    100% deposit bonus

    What do people say about this broker?

    Hankotrade has garnered reviews from its users with differing opinions on whether it’s a reliable website or a potential scam. The polarized nature of these opinions suggests that there may be concerns associated with the platform. However, it’s worth noting that there are a number of comments, which experts will now delve into as they review some Hankotrade feedback from Trustpilot.

    Hankotrade

    This comment suggests that the company is a Scam platform. Customer told people that he requested money withdrawal a long time ago, but he is still in a pending state. He hasn’t got the message about payment status or some money. So this customer advises traders to be careful when using the Hankotrade platform or when choosing a broker at all.

    Also,  there were some Hankotrade reviews on the Reddit platform:

    Hankotrade UK

    This user remarked that Hankotrade UK orchestrated a quite popular fraudulent scheme, deliberately shutting down all of his transactions, leaving him with nothing. Despite having a $20,000 account, they liquidated all his positions. As a result, he gained substantial losses. Customer strongly advises against depositing funds with this broker, as you could become a victim just like he did.

    Hankotrade review

    In this customer review, experts view that the user has doubts about the platform’s credibility. He has been trading with them for months. Unfortunately, he experienced significant losses. However, as he remarks, something remarkable happened yesterday when he successfully turned a $104 account balance into a $1163 profit by trading CPI news. So he was overjoyed by such an achievement. Also he has captured a screenshot as proof. Without delay, the user decided to withdraw the account balance. But when he checked the MT5 account hours later the trade had mysteriously vanished from history and his withdrawal request was denied.

    SCAM Hankotrade

    It is another negative feedback from real customers. User has described everything in detail. So as experts can see, users suggest that it is the worst broker on his way. Every time there’s market instability, their so-called ‘market execution’ and ‘limit orders’ take an incredibly long time to process conveniently aligning with the exact moment the market changes direction. Usually if an order is not executed immediately it can be canceled…How can they justify a delay of over 30 seconds for executing a limit order especially when the price reaches the limit? User remarked that it’s completely pointless to attempt scalping during news releases with this broker. By the way, this situation has happened many times, as he said. The main issue lies in the unreasonable delay in executing a market or limit order.

    It’s important to mention that during periods of volatility all orders are executed at a rate 15-20 pips higher than the displayed spread. HankoTrade’s presence is a disgrace and tarnishes the reputation of the industry. He strongly and unequivocally discourages anyone from engaging with this broker.

    How do they mislead people?

    Hankotrade is another scam platform in the world of trading. They claim to offer spreads starting from 0.0 pips and boast about providing a leverage of up to 500x. Unfortunately, many investors unknowingly fall into their trap without realizing that it’s all a scam. Recently, there have been reports from members who had their accounts frozen for no reason.

    The company follows a strategy where they initially present returns to gain the trust of investors and make them believe that making money is easy. Once this trust is established they encourage investors to invest funds in order to achieve higher returns. However, once the fraudulent company believes they have extracted all funds from an investor, they may suspend the account leaving the investor unable to access his invested capital.

    Experts’ opinion

    Experts are raising concerns about Hankotrade, a company that they consider to be highly problematic and deceptive. They believe that the company takes advantage of cryptocurrency investors. It appears that positive reviews might be misleading as there have been issues with withdrawing money. The experts strongly advise investors to stay from Hankotrade and any other brokers engaged in practices.

    According to experts, the company’s location is in Seychelles. So there is doubt about whether this platform’s licensed by the appropriate authorities. The homepage does not provide any indication of HankoTrade ever obtaining a license. A major issue with this platform is the absence of any information to verify their licensing status. And as a result Hankotrade does not hold a license to offer any trading services.

    Why should you trust an unlicensed entity to keep your funds secure? It’s risky to deposit funds into the owner’s bank account without any segregation. Considering this information, it’s advisable to steer. Scam platforms like Hankotrade have a reputation for swindling funds from users.

    What does the company tell about itself

    Hankotrade positions itself as a user-friendly platform for cryptocurrency trading. They prioritize offering a range of services and features to help investors navigate the potentially profitable world of cryptocurrencies. According to their position, Hankotrade operates with a focus on serving their clients, ensuring fast order execution and maintaining standards in the trading process. The broker doesn’t impose restrictions on trading strategies allowing traders to employ hedging and scalping techniques.

    Expert opinion

    Eugene Rudenko

    Желание зарабатывать достойно есть у многих людей, но не все знают, как его воплотить в жизнь. Инвестиции – это один из способов улучшить финансовое положение, но тут существуют высокие риски. Причем они относятся не только к самому инвестированию и трейдингу, но и к выбору торговой площадки. В сети много мошенников выдают себя за торговые площадки. К таким жуликам относится брокер Hankotrade. У компании нет юридической документации, реального адреса регистрации. Контакты для связи недействительны (номер телефона). Валидный только адрес электронной почты. Что касается онлайн-чата, то техническая поддержка любит игнорировать запросы клиентов, часто оставляя их без ответа. У компании присутствуют все признаки мошеннического ресурса.

    Want to spread the word about your company or have you been in a negative review? Contact the portal editorial office right now

    In conclusion 

    Based on the Hankotrade review, it has been found that making money with a company is not always possible. There are some concerns. Many clients have reported difficulties in withdrawing their funds from Hankotrade. They allege that the broker is deliberately delaying their withdrawal requests and providing excuses. This raises concerns about whether they will return the money. The broker experts pressure clients to transfer funds immediately. Additionally, the offers made by the broker may seem good to be true. There is a possibility that brokers might pressure clients into investing in high risk ventures. It’s important to be cautious if the broker requests checks or addressing them to the firm.

     

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    FAQ

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    Does the opinion of a broker's clients affect its reputation?

    The company’s rating and reputation largely depend on whether its clients are satisfied. The reviews about Hankotrade are not the most flattering, and therefore you should take a close look at them before deciding to cooperate with this platform.

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    How to write a review about cooperation with Hankotrade on the website?

    To add a review of this company on the resource, you do not need to spend a lot of time. The whole procedure takes no more than 5 minutes, and this is already with registration. A letter with a link to confirm registration will be sent to your e-mail, and it will also contain detailed instructions on how to add a review to the site.

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