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HankoTrade Review (#1 Forex Broker)

HankoTrade is the #1 Forex Broker, for a multitude of reasons, and they’re the broker that I trust personally with my trading accounts.

If you are a trader, and you’re taking your trading seriously, you need a broker that gives you the best chance to win. In my experience, HankoTrade gives me the edge because of fast execution times, and tight spreads.

With other brokers, and I’ve traded with MANY, I wouldn’t always win trades that I was supposed to win. I would get stopped out due to bad spreads all the time, and it would drive me crazy.

With Hanko, I win the trades I’m supposed to win, and I get my withdrawals on time.

Contents

HankoTrade Review

For a comprehensive view of the broker, watch my full HankoTrade Review video here:

In this video I go through all the most important aspects of the broker, and why I feel there are specific categories that mean the most to me. These categories are client reviews, platform, spread, leverage and withdrawals.

Now, I’ll go through each of these with examples to flush out the idea and prove why I believe Hanko is the #1 Forex broker.

Client Reviews

Now you probably want to see my Withdrawals, and I’ll definitely get to that with full images, but I think client reviews is a great place to start.

Currently, HankoTrade is rated 4.7/5 stars on Trustpilot by real clients.

The majority of the reviews are very positive, and are in-line with the experiences that I’ve had with the broker so far.

Though, not every review is positive. It would be suspicious if they were, but whenever there is a negative review, the support team responds to it, which is a huge plus.

This was a response to a negative review claiming the withdrawal was taking too long. Now, I’ve had my withdrawals within a few hours, but I generally withdraw my funds in Bitcoin.

In this case, the client tried to withdraw in Ethereum, and so there was a delay but it was still processed in under 24 hours so I don’t see the big deal here either.

Platform

Next, I want to talk about the HankoTrade platform. Here you have multiple options to trade.

In the members area, you can download MT4 or MT5 for desktop, IOS, Android, MAC or Web Trader. You can also download the ACT platform, which I have no experience with. So, obviously I prefer using MetaTrader.

I have MT4/MT5 on my PC’s and on my Phone so that I can manage trades on the go, or enter positions while I wait for my wife to pick out shoes.

Spread

Spread is arguably one of the largest issues with Forex brokers today. If you have a broker with really large spreads, you can get knocked out of trades that you should be winning.

I’ve actually had clients in my VIP room, use one of my winning signals, and then claim that it’s a loss, all due to a broker with a bad spread.

You can see this is the trade right here, the wick never touches the stop loss, but if you have a broker with a bad spread, it’ll still trigger your loss.

In my case, I won this trade, and so did most members in my VIP trading room.

This was because HankoTrade provides low spreads which you can see in the image from their website below.

You can also see the low spreads in MetaTrader as well here:

The spreads on this image are provided in points on the rightmost column, so none of the spreads for any of these pairs are even a single pip. Which means, that if you get close to that stop loss, you don’t have to worry about the spread knocking you out prematurely.

Leverage

One of the main aspects of using an overseas broker is that you get access to higher leverage. HankoTrade accounts can lever up to 1:500.

I don’t try to risk too much of my account per trade, but in certain circumstances, when I feel very confident in a position I am happy that I have the option to use leverage to my advantage. This can result in some real windfall wins because I have more purchasing power behind my positions.

Withdrawal

The most important part of this HankoTrade review, or any Forex broker review is the withdrawal. Why is that? Because if you trade somewhere, but you can’t get your money out of the platform, you’re screwed.

I’ve been with the broker for close to a year, and I’ve had a withdrawal almost every single month.

The most recent withdrawal was for $24,329.93.

This withdrawal took only a few hours to process, much like my other withdrawals.

So it’s safe to say that I’m confident in the brokers ability to pay me out my earnings, after I go on a nice win streak!

The withdrawal process is very simple. You just go to the withdrawal request section of the members area.

You select the trading account you wish to withdraw.

Then select the crypto currency and enter your wallet address. I withdraw in bitcoin because it’s the most stable. Then I change those funds to USD or CAD in my coinbase account to withdraw to my bank.

It’s a quick and easy process.

How to Sign Up / Deposit

To sign up with HankoTrade, all you need to do is click the image below and it will take you to the free registration page.

All you need to do is enter your first name, last name, email, password, country and phone number.

Registration is completely free, and it will give you access to the members area where you can start downloading the MT4 / MT5 platforms to start trading. You can do this for free as well, and even start trading on demo accounts before you deposit any real funds.

When you do want to trade on a live account, simply go back to the HankoTrade members area where you can click the deposit:

On the deposit page, simply click the Trading ID (which is the live account you want to put the funds), then you’ll see the current account balance and the account currency, USD.

Then simply select the deposit currency, and you’ll get an address where you can send the bitcoin.

If you don’t have any crypto, open up an account with coinbase for free, and you can easily purchase some with your credit card. I prefer doing everything like this in crypto for faster transactions, and to hide it from my wife!

Conclusion

I’ve been with a litany of brokers in my 14 years of Forex trading. All of them paid me out, and treated me with respect.

But the reason I switched to HankoTrade, and continue to trade there is because I win more trades with their platform. I know that sounds incredibly simple, but that’s what matters most to me. Low commissions, tight spreads, fast execution times are all part of this equation.

If I’m sending trading signals to my VIP members, I want to ensure that when a signal wins, that my members get that win. If not, my reputation takes a hit, and it looks like I don’t know what I’m doing.

A win should always be a win, and anything else is unacceptable.

HankoTrade
  • Client Reviews
  • Spreads
  • Withdrawals
  • Leverage
  • Platform

Summary

The HankoTrade broker is currently my favorite place to trade. They payout my earnings, and have a perfect track record with me through over 1000 trades placed.

Overall
4.4
Comments Rating 4.8 (5 reviews)

Pros

  • Tight spreads
  • Great client feedback
  • High leverage available
  • MT4, MT5 & ACT platforms
  • Fast withdrawals

Cons

  • Minor negative feedback
  • Overseas

About Patrick Ryan

Patrick is a Forex enthusiast, with over 10 years of experience in finance, and market analysis. He's eager to help traders achieve their goals, whether they are short or long-term. Patrick's penned thousands of reviews, and is always available to discuss trading with anyone who's interested.

12 comments

  1. Is that a good broker to trade with?

  2. Is that good broker to trade with? Interesting in crypto friendly brokers. Thanks

  3. hey
    are they good for ea trading?
    thanks

  4. Good trading conditions.

    I gave this broker a shot, and I have to say, they`ve consistently impressed me. Their trading conditions are solid, although I noticed they don`t offer VPS. I made use of their 100% deposit bonus to dive into news trading on the ECN account. All in all, I`d easily rate their service a 5 out of 5 for the excellent experience they provide.

  5. I like HankoTrade

    I recently learned that Hanko Trade operates as a No Dealing Desk (NDD) broker, and I have to say, I was impressed. As someone who values transparency and fairness in the trading world, it`s reassuring to know that Hanko Trade has taken steps to eliminate any potential conflicts of interest.

  6. Hi, what do you think about that broker? my review is lower

    – they don`t have kyc, is that a pro side?
    – are you trading here news or probably do you have EA in hanko?

    I`m trading here despite the higher VPS price. That`s because in my experience, their slippage is low compared to most brokers I`ve used. I trust that my trades will be executed accurately and quickly, which is worth the extra cost for me.

  7. Winning more trades..

    I AM winning more trades since I switched over to be with hanko for all of my trading. I do think like you say that the spread was making me lose more trades before so it’s good that I switched and I’ll be staying. I’ll also be doing a small test withdrawal soon before I deposit more.

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