Hankotrade

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.

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:

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.

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.

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.