This Hankotrade review will discuss the many benefits and drawbacks of this trading platform. We’ll cover its trading fees, leverage and low technical analysis features. Plus, we’ll discuss whether a no-dealing desk intervention is the best option for you. And we’ll touch on other aspects, such as the ease of use. Regardless of which features you value the most, we’re certain you’ll find them helpful.
Table of Contents
Enhanced technical analysis features
MT4 is a trading platform that supports multiple asset classes. Its enhanced technical analysis features include 44 analytical objects, depth of market pricing, and Bitcoin accounts. Furthermore, it offers standalone trading tools, including VPS, Forex Calculator, and the MetaTrader 4 trading platform. This makes MT4 an excellent choice for all kinds of traders. In addition to the above features, MT4 is compatible with multiple platforms, including desktop, web, and mobile.
Unlike other brokers, Sanko trade has an ECN/STP model, which eliminates dealing desk intervention. The platform also offers helpful trading tools such as a virtual private server, trading calculator, and a private trading server. Furthermore, the broker supports crypto deposits, which makes it one of the few trading platforms that accept such a deposit. Hankotrade also offers customer support via live chat, a welcome feature. However, it is worth noting that this brokerage is not regulated, and its educational materials are limited.
Despite its extensive feature set, the main drawback of HaHankotrade’s trading platform is the limited number of assets it supports. In addition, it only supports cryptocurrencies, so you will be unable to trade real assets on the platform. Although, it is an excellent option for cryptocurrency traders who value anonymity. A bonus for using cryptocurrency is exchanging your digital currency into your account currency.
Low trading fees
One of the best things about Hankotrade is that they offer low trading fees and commission-free trading. In addition, they have a wide range of financial instruments and platforms to trade in. CFD trading is a contract between a broker and trader that lasts for a short period, often less than a day, though it can be longer depending on your trading strategy. The profits you make from a CFD trade are determined by the difference in prices between the time you open and close your position, minus any brokerage fees you may incur.
Customers can open one of three accounts: STP, ECN, or a Swap-Free account. These accounts require a minimum deposit of a few hundred dollars, which is more than enough for most new traders. You can choose either a standard STP account or a high-quality ECN account, with spreads starting at 0.0 pips and leverages ranging up to 1:500. You can even open an Islamic account at Hankotrade if you want to avoid paying a swap.
In addition to low trading fees, Hankotrade offers a No Dealing Desk (NDD) execution model, which means that it passes orders directly to liquidity providers, ensuring quick execution of trades. It offers multiple asset classes and financial instruments and supports MetaTrader trading platforms. The company offers low spreads, a wide range of trading instruments, and useful tools for new investors. And it’s all registered in Seychelles.
High trading leverage
High trading leverage at Hankotrade allows you to take larger positions, increasing your potential profit and risk. There are three main account types at Hankotrade: STP Account, ECN Account, and ECN Plus Account. If you are a Muslim, you can even open an account with a swap-free Islamic account. Besides the various account types, Hankotrade also provides demo accounts that can help you get a feel for trading.
There are three main accounts at Hankotrade: standard STP account, ECN account, and swap-free account. The STP account is available only in USD, while ECN accounts have lower spreads and high leverage. The Muslim trading account is swap-free but requires a minimum deposit of USD 1,000. The trading leverage is one:500. You can also open a demo account to practice your skills.
Real leverage is the opposite of margin-based leverage. In margin-based trading, you can use 1% of the total value of your transaction as a margin. In other words, if you have $10K in your account, you can trade with US$10,000 at 100 times leverage. This is the maximum real leverage you can use, but most traders won’t use their entire account as margin. That means the difference between margin-based and real leverage is large.
When it comes to high trading leverage, Hankotrade has some good features. It offers CFD trading in different asset classes, including Forex, commodities, and cryptocurrency. A contract for difference is a contract between a buyer and a seller. If a price rises, the buyer pays the difference. The difference in price between when the contract is entered and when it is exited is the profit. A broker’s fee is also part of the cost of using this type of trading.
No dealing desk intervention
Hankotrade is a No Dealing Desk broker, meaning its orders are passed directly to liquidity providers and executed instantly. The broker offers multiple asset classes and financial instruments on its MetaTrader 4 trading platform and multiple trading account types, with negative balance protection available on all accounts. The company has a good FPA rating and is committed to trading transparency and order execution quality. Its customer service is also a top priority, reflected in trades’ fast and reliable execution.
Another key benefit of a No Dealing Desk broker is its support for cryptocurrency deposits. Hankotrade is one of the few brokers that accept these digital assets. It also provides customers helpful tools such as a trading calculator and a virtual private server. Additionally, it has live customer support. This is a great feature in an online trading platform, as it provides real-time customer support. But there are also drawbacks, including that any government agency does not regulate Hankotrade. In addition, its limited account funding options and lack of educational materials make this a less attractive choice for some traders.
Another key benefit of Hankotrade is its STP platform. It removes the possibility of dealing with desk intervention and offers three different ways to assess DOM. This provides investors with a means to monitor the liquidity of markets. It also offers a tool called cAlgo, which allows participants to program robots and test strategies using backtesting. Finally, Hankotrade is one of the few brokers to provide ECN trading.
MT4 trading platform
One of the most popular trading platforms is MetaTrader 4, first released in 2005. It offers a flexible and convenient trading environment that influences your trading performance. You can trade Forex with the help of this platform, as it offers various execution modes, including market and pending orders. It also offers a range of chart types and timeframes, making it suitable for all levels of traders. To learn more about the program and its features, read on!
MetaTrader 5 is a follow-up to MT4 and offers advanced features for technical and fundamental market analysis, copy trading, and automated trading. The program is available for desktop, mobile, and web platforms. The platform is highly customizable and includes more tools and features than MT4.
Hankotrade passes orders directly to liquidity providers as a No Dealing Desk broker. This guarantees quick execution of trades and enables a variety of trading instruments. The platform supports multiple asset classes and trading leverage. Additionally, Hankotrade has several trading account types and useful trading tools. If you’re looking for a new broker, Hankotrade is a solid choice for you. You’ll find their platform extremely easy to use, and you can get started with just $10.
Demo account
You should open a Demo account at Hankotrade and trade on the platform to get started. You can access the same financial instruments as you would on a real trading account but with virtual money. This way, you can practice trading without risking your actual money. Hankotrade offers social media, email, and live chat support, as well as a demo account that lets you trade on a limited number of real assets. If you have questions or need assistance, you can also try their instant chat or email support, which can be extremely helpful. If you prefer a callback, you can also try EagleFX.
If you are a beginner trader, a demo account is a great way to practice and perfect your strategy. Demo accounts give you the time and platform to perfect your trading strategy before applying it to live markets. You can trade on over 8,000 different financial instruments with this multi-award-winning, global brokerage. In addition, the platform is compatible with MetaTrader 4, the world’s most popular trading platform. You can even use the demo account to practice new strategies without risking any of your own money.
Another great feature of HaHankotrade is its economic calendar, which gives you predictions, patterns, and alerts for upcoming market movements. While beginners don’t need to trade on the economic calendar, it is beneficial for advanced traders who need to make decisions based on it. Finally, for those new to the trading industry, a demo account at Hankotrade is a great way to practice trading, develop your strategies, and improve your risk-adjusted returns.
