Hankotrade is a No Dealing Desk (NDD) broker that passes its clients’ orders directly to the liquidity providers, thus helping to ensure swift execution of trades without any conflict of interest. The broker provides you with the powerful MetaTrader 4 trading platforms for online trading of multiple financial instruments across different asset classes, including Forex, Indices, Commodities, and Cryptocurrencies. I found them to have very competitive trading conditions along with multiple trading account options for you to choose from and some useful trading tools to assist with your daily trading activities.
Hankotrade state that their mission is to provide retail and institutional clients around the world with an exceptional trading environment and empower them to reach their full potential. Built by traders, the brokers team members have trading experience from trading on all major financial markets from Asia to North America. If you are looking for a non-nonsense broker that gives you market access with minimal fuss, they are certainly worth consideration. I have an account with them and have never had any issues.
Regulation
Hankotrade is registered in the Seychelles, although there is currently no regulatory information on the broker’s website at the moment. Whilst lack of regulation may deter some traders, it does mean that Hankotrade are able to provide certain trading conditions, products and services, that a regulated broker may not be allowed to due to strict rules and regulations. The broker does state that its services are not directed at any jurisdiction, where the use of such services would be contrary to local law or regulation.
Platforms
MetaTrader 4
Considered as one of the most reliable, efficient, and best trading platforms amongst traders across the globe, MetaTrader 4 (MT4) is a popular choice for CFD & Forex trading. This intuitive yet user-friendly platform has all of the features and functionality a trader needs, including different order types, multiple chart timeframes, technical indicators for conducting in-depth analysis and automated trading capabilities. There is a large MetaTrader community online where you can share ideas, signals, trading tools and more.
MetaTrader 4 is very straightforward to operate, and it is available as a desktop application for Windows and Mac computers, a web trading terminal, and a mobile app that is compatible with iOS and Android devices and can be downloaded from the relevant app stores. The web platform can run directly in your browser window without needing to download or install any additional software. The web terminal is handy as you can login on any device and it is always up to date. The MT4 mobile trading app is useful for those of you who wish to access your account and trade whilst on the go. I use the desktop platform to run my automated systems and the mobile app to check my trades as and when I feel like it.
MetaTrader 5
MetaTrader 5 is the follow up to the MT4 platform with a few more bells and whistles. The Hankotrade MT5 multi-asset platform allows trading forex, stocks, commodities, indices and cryptos. It offers superior tools for comprehensive price analysis, use of algorithmic trading applications (trading robots) and copy trading. Rich trading functionality, technical and fundamental market analysis, copy trading and automated trading are all exciting features that you can access for free right now. Just like the MT4 platform, MT5 is also available for desktop, web and mobile.
I think if you just want to trade forex with a few basic technical indicators and don’t have any complex trading strategies, MT4 should be more than sufficient. However, if you are interested in trading stocks and want as many indicators as possible, you might want to consider MT5 instead. Regardless, I think both platforms are excellent for trading online. I have been using MT4 for many years and never felt the need to upgrade as it can do everything that I need it to and more.
Tools
The broker provides you with some useful standalone trading tools in addition to those built into the MetaTrader platforms. They include a VPS, Forex Calculator, and more.
Forex Calculator
Hankotrade provides you with the latest and updated forex calculator that functions in a range of currencies, so you do not have to convert each figure. The forex calculator works out any financing charges or credits on legacy accounts. This helps to ensure a smooth and convenient forex trading experience.
Virtual Private Server
A virtual private server (VPS) can help to deliver a smooth, seamless and efficient trading experience, especially for those of you who are running automated trading systems around the clock. With the VPS, you can rest assured that your system is running and see trade signals without having to be on your laptop or computer at all times.
