With inflation rates climbing and economic uncertainties affecting the whole globe, relying solely on a single source of income isn’t enough anymore.
Many are turning to online trading as a lucrative side hustle, and the possibilities can be exciting; if you find the right platform.
Hankotrade, a Dubai-based No Dealing Desk (NDD) broker, is one such platform that can help you enter the online trading world. The broker has been in business since 2018, and since then, it has served plenty of clients and
Let’s explore if Hankotrade is the right choice for new traders.
Hankotrade Overview
Hankotrade is a global online brokerage offering a wide range of tradable assets, including forex, commodities, indices, and cryptocurrencies.
Its standout feature?
It’s built to cater to both beginner and experienced traders. Hankotrade’s transparent fee structure, advanced trading platforms, and reliable support have made it a noteworthy option in the competitive trading market.
Account Types
Hankotrade offers three primary account types tailored to different trader needs:
1. STP Account
Designed for beginners, it requires a low deposit of just $10, has no commission fees, and offers spreads starting at 0.7 pips. It’s an excellent entry point for those new to trading.
2. ECN Account
Perfect for intermediate traders, this account requires a $100 deposit and features tighter spreads starting from 0.0 pips with a $2 commission per 100k traded volume.
3. ECN Plus Account
Ideal for high-volume or professional traders, it requires a $1,000 deposit and offers the lowest commissions ($1 per 100k traded volume) alongside zero spreads.
For beginners, the STP Account is the best starting point, a low-risk way to explore the platform and its features.
Open Hankotrade STP Account today.
HankoX: The Proprietary Platform
HankoX is Hankotrade’s proprietary trading terminal, and it’s perfect for beginners. Why? Its simplicity.
1. User-Friendly Interface
HankoX is intuitive and easy to navigate, even for those just starting. Its clean layout eliminates the overwhelm many trading platforms create.
2. Advanced Tools
The platform offers customizable charts, technical indicators, and real-time updates to help traders make informed decisions.
3. Accessibility
As a web-based application, HankoX works seamlessly across devices, meaning you can trade on the go without installing additional apps.
Copy Trading: A Beginner’s Shortcut
Copy trading is one of the simplest ways for new traders to enter the market. At Hankotrade, this feature makes the trading process not only easier but also educational and engaging. Let’s break it down step by step:
How Copy Trading Works
- Start by creating an ECN account with Hankotrade.
- Explore the detailed profiles of professional traders, complete with performance stats, risk levels, and trading histories.
- Choose a trader whose strategy aligns with your goals. Allocate funds, set risk limits, and let the system replicate their trades in your account.
Why is Copy Trading Ideal for Beginners?
1. Learn as You Earn
Beginners can observe the strategies of seasoned traders in real time, gaining practical insights into market dynamics without spending years learning technical analysis.
2. Flexibility
Hankotrade allows you to switch traders, adjust investments, or pause copy trading at any time. You remain in control of your portfolio.
3. Risk Management
Allocate specific amounts to different traders and set stop-loss limits to minimize potential losses. These tools help maintain a balance between earning and safeguarding your funds.
Key Benefits of Copy Trading
1. Transparency
Hankotrade provides access to comprehensive metrics for each trader, allowing you to make informed decisions about whom to follow.
2. Time Efficiency
Copy trading saves you the hassle of constant monitoring and analysis, making it perfect for those with busy schedules.
3. Customizable Approach
Whether you want to follow a conservative trader or someone with a higher risk appetite, Hankotrade offers a wide variety of options.
Getting Started with Confidence
Copy trading on Hankotrade isn’t just about mimicking trades; it’s an opportunity to learn, grow, and build confidence in the trading world. By leveraging the expertise of professionals, beginners can fast-track their journey into trading while minimizing risks.
Hankotrade x MagnoFX: The MTX4 Platform
The partnership between Hankotrade and MagnoFX has resulted in the creation of the MTX4 trading platform. MTX4 is tailored for those who wish to use Expert Advisors (EAs) for automated trading. Here’s why it’s a game-changer:
- Round-the-Clock Trading– With EAs, your trading continues even when you’re asleep.
- Emotion-Free Decisions– Automation eliminates impulsive trading decisions, ensuring disciplined execution.
- Backtesting– Test your strategies and fine-tune them before applying them in live markets.
MTX4 offers beginner traders a way to trade with precision while leveraging cutting-edge automation.
Safe and Secure Crypto Transactions
Did you know that global online fraud cases increased by 17% in 2024 alone?
Online trading can come with risks, particularly in the form of cyber fraud. Safety should be a priority for any trader, especially beginners.
Hankotrade ensures secure transactions by:
- Accepting only cryptocurrency for deposits and withdrawals, providing added anonymity and protection.
- Using ECN Protocols for direct, interference-free trade execution.
- Incorporating SSL Encryption to safeguard sensitive data and financial transactions.
These measures create a robust security net, making Hankotrade a safe environment for trading.
Hankotrade Proof of Withdrawals
Is Hankotrade Safe for Beginners?
The answer is a reassuring yes. The broker offers a user-friendly platform, low barriers to entry, and comprehensive safety protocols. However, no research is complete without hearing from the people who’ve used the platform.
We encourage you to explore customer reviews to gain a holistic understanding of their experience with Hankotrade’s services. Hearing from real users will further validate its reliability.
HankotradeReviews on Reviews.IO
Hankotrade Reviews on BrokersView
Hankotrade Reviews on Earn Forex
Hankotrade Reviews on Trust Recap
In a Nutshell
Hankotrade emerges as a promising platform for beginners looking to dive into the world of online trading. From its intuitive HankoX platform to beginner-friendly STP accounts, automated MTX4 trading, and secure transactions, it checks all the right boxes.
Still, don’t rush in.
Do your own research, visit Hankotrade’s website, and consider opening an STP account for a test drive. Test the platform rigorously to ensure it aligns with your trading goals.
Online trading has its risks, but with a safe and reliable partner like Hankotrade, you’re off to a great start.
