Hankotrade review

Putting all that aside, the lack of credible regulation inclines us to suspect that potential clients of the brokerage may be open to substantial risk.

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Hankotrade Review; 5 things you should know about, hankotrade review.

You may contact your bank or credit card provider and file a chargeback. The growth of scammers that are spawning everyday in forex trading has forced both financial services giants visa and mastercard to step up and take action. Mastercard has already increased the previous time period of six months for filing a chargeback to a year and a half, effectively bypassing the “recovery department” part of the scam.

Hankotrade review – 5 things you should know about hankotrade.Com

Beware! Hankotrade is an offshore broker! Your investment may be at risk.

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Hankotrade is forex brokerage registered in seychelles. It provides the metatrader 4 trading platform and the required minimum deposit is only $10. The leverage is quite generous at 1:500 and the spread is surprisingly low at 0.7 pips on EUR/USD.

Hankotrade regulation & safety of funds

The company behind hankotrade is registered in the republic of seychelles with the name hankotrade LLC.

We learn through the website that the brokerage is regulated by the financial services authority of seychelles. Here we remind readers that the financial regulator of seychelles – the FSA – cannot compare with prestigious regulatory agencies in europe, most importantly because it does not provide participation in a financial mechanism by which client’s losses may be recovered in case of bankruptcy or fraud. There is also no assurance for the segregation of accounts which exposes the clients to the possibility of commingling – combining the broker’s finances with that of the client. Furthermore, the agency requires a starting capital of the meager $50 000 while cysec requires at least $730 000.

Putting all that aside, the lack of credible regulation inclines us to suspect that potential clients of the brokerage may be open to substantial risk.

Traders needn’t have to worry themselves with such risk if they choose to trade with a brokerage regulated and authorized by a prestigious regulatory agency. Such agencies are the FCA in the UK or cysec in cyprus which have been leading names in forex trading for some time now. Their regulatory framework is composed of a number of strict rules which prevent clients from falling victims to fraud. Such rules include the segregation of accounts which assures that commingling with the client’s money is not possible. Furthermore, a license by such a regulatory body entails participation in a financial mechanism by which clients may be compensated if they suffer losses due to fraud or bankruptcy. With the FCA the compensation is up to 85 000 pounds, where as with cysec it is up to 20 000 euro per person.

Hankotrade trading software

The brokerage does provide the metatrader 4 trading platform which we always consider a huge advantage since it is the foremost trading terminal at the moment equipped with features such as almost a 100 market indicators, as well as customizable trading robots. It is also the preferred choice for more than 80 percent of the traders in forex. Through a demo account we were able to get a glimpse of the platform. We must point out that there is a wide range of trading options, including cfds on indices, commodities, stocks, many cryptocurrencies and others. Furthermore, the spread we see floats at about 1 pip which is definitely within what we would consider favorable for traders. Furthermore, the exceedingly low minimum deposit of $10 is also advantageous.

Hankotrade deposit/withdrawal methods and fees

Potential clients of the brokerage may deposit or withdraw only via cryptocoins such as bitcoin, ethereum and ripple. The standard visa and mastercard, as well as e-wallets webmoney, QIWI wallet are missing.

We read in the terms and conditions of the brokerage that allegedly there are no withdrawal and deposit fees, however, we are inclined to question such a statement since many unregulated brokerages charge fees regardless of what they claim in their terms. This is why we remind readers of all the ways a trader may test the brokerage’s intentions. Firstly, traders are advised to always put up only the required minimum deposit, instead of risking a bigger amount with no certainty. Afterwards, they may also try to withdraw a small amount in order to check for any unexpected fees or delays. Such fees and delays are usually the signs of a scammer.

How does the scam work?

Besides judging the brokerage beforehand through the info given on its website, a valuable piece of information in the trading world would be precisely how a scam would go about. Here is a description of the typical three steps:

Through clicking an ad with promises for fast money, you will be redirected to a website such as bitcoin evolution or crypto cash where registration will require you to give your address, email and phone number. After sharing your personal information, you will being receiving calls from brokers, compelling you to invest with them and win big. After a few minutes hearing their pitches, you decide to deposit some $200-250. And just like that – the scammers take a fat commission from this initial deposit.

After they are done with you, senior scammers begin working you into putting even more money. They say it’s the only way to profit from trading even more. After making the mistake of investing even further, you’ll begin wanting to get out of this and withdraw what you have left.

Unfortunately, the con-artists have no such thing in mind. They will now begin persuading you to wait it out and not withdraw right now. The motive here is quite straightforward – traders have a limited time window for filing a chargeback with their bank and get their money back. The “recovery department” will simply want to mislead you into missing this crucial period and, along the way, losing any chance you might have of getting the money back.

What to do when scammed?

As was mentioned above, scamming is quite the common in the trading world and, sadly, even you might suffer from it. In such an unfortunate case there still may be some available options for you.

If, however, you have provided the broker with your credit card number and CVV code, immediately cancel your credit card.

If you have given information regarding your online banking pass – you should switch it asap!

Beware of potential calls from self-described “recovery agencies”! They prey on scammed and vulnerable traders who are desperate to recover their losses. They will require an “up-front” payment to help you, but after paying them, no such help will be coming your way!

Hankotrade review

Hankotrade is an online trading broker that offers a diverse range of trading instruments and services to its global clientele. The broker offers spreads as low as 0.0 pips, leverage capped at 1:500, and has a required minimum deposit of $10. However, the broker is unregulated which could be a red flag for potential clients.

Hankotrade review, pros & cons

Metatrader 4 trading platforms

Multiple trading instruments

A range of trading tools

Not regulated

Offshore broker

No US & UK clients

No telephone support line

Limited educational materials

Limited account funding methods

In this detailed hankotrade review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Hankotrade is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including hankotrade.

Hankotrade review: summary

Hankotrade is a no dealing desk (NDD) broker that passes its clients’ orders directly to the liquidity providers, thus ensuring a swift execution of trades without any conflict of interest. The broker provides clients with the sophisticated metatrader 4 trading platform for online trading of multiple financial instruments across different asset classes, including forex, indices, commodities, and cryptocurrencies. There are multiple trading account options for clients to choose from.

Hankotrade review: regulation

There is no regulatory information on the broker’s website at the moment. Most experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our best trading brokers for alternative regulated brokers.

Hankotrade review: countries

The broker states that its services are not directed at any jurisdiction, where the use of such services would be contrary to local law or regulation. The broker does not accept clients from the US and UK.

Some hankotrade features and product mentioned within this hankotrade review may not be available to traders from specific countries due to legal restrictions.

If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers australia, best brokers south africa, best brokers canada or our best brokers for all other countries.

Hankotrade review: trading platforms

Metatrader 4

Considered as one of the most reliable, efficient, and best trading platforms amongst traders across the globe, MT4 is a popular choice for forex trading, owing to its multiple execution modes — market orders and pending orders. It boasts of some of the widest selection of trading applications in the world.

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 mobile trading app is useful for those who wish to access their account and trade whilst on the go.

Hankotrade review: MT4 trading platform

Hankotrade review: trading tools

The broker provides traders with some standalone trading tools in addition to those built into the metatrader 4 trading platform. They include VPS, forex calculator, and more.

Hankotrade review: education

The broker’s website has a limited collection of educational resources. Nevertheless, there is a FAQ section that contains instant and detailed answers to some of the most common questions that clients have.

Hankotrade review: trading instruments

Hankotrade offers a range of financial instruments across different asset classes, including forex, indices, commodities, and cryptocurrencies, for trading online via the provided trading platforms.

Hankotrade review: trading accounts & fees

Hankotrade offers 3 major account types. These are STP account ($10), ECN account ($100), and ECN plus account ($1,000). There is also the islamic account that complies with sharia law, and demo accounts, which are provided for practice purposes.

Hankotrade review: account types

As broker fees can vary and change, there may be additional fees that are not listed in this hankotrade review. It is imperative to ensure that you check and understand all of the latest information before you open a hankotrade broker account for online trading.

Hankotrade review: customer service

The broker offers a client support team that can be reached via email, live chat, and social media, or by paying a visit to their office in seychelles. There is no telephone number provided to call the broker directly.

Hankotrade review: deposit & withdrawal

Hankotrade accepts and processes payments only in some cryptocurrencies. The equivalent, thereof, is exchanged into your account currency (USD, CAD, EUR). The accepted cryptocurrencies include:

Bitcoin

Ethereum

Litecoin

Ripple

Bitcoin cash

Hankotrade review: cryptocurrency deposit & withdrawals

Hankotrade review: account opening

Opening an account requires potential traders to click on the ’register’ button, fill out the form accurately, and submit.

Hankotrade review: account opening page

It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.

Hankotrade review: conclusion

Hankotrade is an ECN broker that is based in seychelles and offers multiple financial instruments for trading online via the MT4 platform while providing clients with a range of useful trading tools. However, they are not regulated which would be a red flag for many potential clients. They also have limited account funding options and educational materials whilst there is no telephone number provided and UK/US traders are not accepted.

Leveraged products such as cfds and forex trading are complex instruments with a high risk of losing money. The products offered are intended for professional and retail clients. Please note that client accounts could sustain losses of deposited funds or in some cases even exceeding their deposit amount.

Min $10 deposit

Hankotrade is an unregulated trading broker that offers a diverse range of trading instruments & online brokerage services.

Hankotrade.Com review

Hankotrade is a forex broker. Hanko trade offers the MT4 forex trading top platform. Hankotrade.Com offers over 60 forex currency pairs, commodities, cfd indices, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.

Broker details

established:	unknown
address:	7 albert street, victoria, seychelles
contact:	contactus@hankotrade.Com
regional offices:
regulators:
prohibited countries:	unknown

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Traders reviews

Length of use: 6-12 months

Although they are new on the block, I'm honestly very surprised at how good the liquidity is. Opened a live $1k account and went to work.

3lot position on EU, 0 slippage on entry and exit.

3lot position on UJ had .1pip slip on entry and no slip at TP.

People count gold pips differently so I'll use $ for slippage, a .50lot had no slippage, 1lot had $0.01 slip and both hit SL at the same time with $0.02 slippage.

The spreads are insanely thin and the cost per trade brings the average trade cost below mostly every broker I've come across! Next week I'll process the withdrawal for the profit I've made so far and update with the timing if they allow us to edit posts!

Hankotrade review

Hankotrade is a retail trading broker that operates the ECN/STP execution model, passing clients’ orders directly to the liquidity providers without a dealing desk intervention. They offer multiple financial instruments across different asset classes, including forex, indices, commodities, and cryptocurrencies, for trading online through the metatrader 4 (MT4) trading platform. The broker offers different account options to suit traders’ individual objectives.

Hankotrade review introduction

In this hankotrade review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.

You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including hankotrade.

Hankotrade platforms & tools

Clients can trade multiple financial instruments using the metatrader 4 trading platform. MT4 is regarded as one of the most reliable trading platforms amongst traders across the globe. It has multiple execution modes — market orders and pending orders. The platform has a wide selection of trading tools to enhance the client’s trading experience. It is available as a desktop application for windows and mac computers and a web trading terminal that requires no downloads or installations to run on modern web browsers, including chrome, safari, firefox, and edge. There is also a mobile app that is compatible with ios and android devices and can be downloaded from the respective app stores. The mobile trading can be used by those who wish to access their account and trade on the go.

Hankotrade review MT4 trading platform

Hankotrade gives traders access to some standalone trading tools to ensure a seamless trading experience. They come as an addition to those already built into the metatrader 4 trading platform, and they include VPS, forex calculator, and more.

Hankotrade research & education

Traders can find an FAQ section on the broker’s website; it offers instant answers to some common questions that traders have.

Hankotrade trading accounts

The broker offers 3 major account types, namely: STP account ($10), ECN account ($100), and ECN plus account ($1,000). The accounts are denominated in USD, EUR, and CAD, and they have spreads starting from 0 pips and leverage of up to 1:500. There is also the islamic account that complies with sharia law. Demo accounts are provided for practice purposes.

Hankotrade account funding

Deposits and withdrawals at hankotrade are made using cryptocurrencies, such as bitcoin, ethereum, litecoin, ripple, and bitcoin cash. The equivalent, thereof, is exchanged into your account currency (USD, CAD, EUR).

Hankotrade review cryptocurrency deposit & withdrawals

Hankotrade customer service

The broker’s customer support team is available to give prompt and polite responses to clients’ inquiries, and they can be reached via email, live chat, and social media, or by paying a visit to their office in seychelles.

Hankotrade regulation

There is no regulatory information on the broker’s website at the moment, which can be a deterrent to most potential traders and investors as they do not offer the level of financial security that a regulated broker can.

Hankotrade review summary

Hankotrade is an ECN broker that is based in seychelles and offers multiple financial instruments for trading online via the MT4 platform whilst providing some helpful trading tools. The broker operates the ECN/STP model with no dealing desk intervention. However, they are not regulated, which would be a red flag for many potential clients. They also have limited account funding options and educational materials.

It is worth mentioning that some of the trading products and services in this hankotrade review may differ or not be available to traders in some countries due to regulations. As the broker’s terms can change over time, please verify all information is up to date directly from the hankotrade broker website which you can visit by using the link below.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Hankotrade

Spreads

Liquidity

Commissions

Support

Regulation

Features

Multiple trading instruments

A range of trading tools

The metatrader 4 trading platform

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Hankotrade scam broker review

Broker’s rating: 1.6 out of 5.0 stars 1.6

Updated hankotrade review and information for you to make an informed decision in 2021

The latest hankotrade review suggests that the company operates illegally and without a proper financial regulatory license.

Reportscamonline now considers hankotrade to be operating an online scam. We recommend that our readers not trade with this broker and if you have an open account with this company, we suggest you try to withdraw your funds as soon as possible.

How to report a scam against hankotrade

In order to file a complaint against hankotrade, leave your details by filling in the above form and you will be contacted to review your case and discuss the various options to provide a solution to recover your funds.

Classic scam warning signs to look out for online trading platforms

Hankotrade blocked your account or you cannot log back into your account

Hankotrade froze your account

Money has been taken out from your account

Hankotrade’s website has been taken down

Hankotrade is not answering take your calls

You noticed that hankotrade took money out from your bank account without your permission

Hankotrade is offering you a bonus

Hankotrade is requesting that you deposit more money into your account after you lost a large sum of money

Communication is received out of the blue and you cannot confirm who or where it is from

Communication has a request for you to perform a task such as trying to obtain your personal information

Communication has spelling and grammatical errors

Communication contains a suspicious link or attachment that you are urged to click on

The communication creates a sense of urgency for you to act immediately and failure to act could result in the loss of sensitive information or an amazing special

Hankotrade review

Hankotrade review introduction

Hankotrade platforms & tools

Hankotrade review MT4 trading platform

Hankotrade research & education

Traders can find an FAQ section on the broker’s website; it offers instant answers to some common questions that traders have.

Hankotrade trading accounts

Hankotrade account funding

Hankotrade review cryptocurrency deposit & withdrawals

Hankotrade customer service

Hankotrade regulation

Hankotrade review summary

Hankotrade

Spreads

Liquidity

Commissions

Support

Regulation

Features

Multiple trading instruments

A range of trading tools

The metatrader 4 trading platform

Best forex robots

Forex robotron

Forex cyborg

Forex flex EA

Forex scalping EA

5 pips A day

Forex auto millions

Get my free forex robot!

Best forex brokers

Pepperstone

IC markets

Hankotrade betrouwbaar? Ervaringen & reviews [2021]

In deze review van hankotrade zullen we ons richten op datgene wat deze broker zijn beleggers te bieden heeft. Hankotrade is actief op de financiële markten sinds 1995. De broker maakt gebruik van de webtrader beleggingsplatforms. Bij hankotrade is de minimale storting 10 USD.

Tussen 74 % en 89 % van de retailbeleggers verliest geld met de handel in CFD’s. Het is belangrijk dat u goed begrijpt hoe CFD’s werken en dat u nagaat of u zich het hoge risico op verlies kunt permitteren.

Basisinformatie van deze review van hankotrade

adres van de website:	hankotrade.Com
uitgevoerd door:	hankotrade LLC
gelicentieerd en geautoriseerd door:
ondersteunde talen:	engels
klantenservice beschikbaar via:	E-mail, telefoon, live chat
contactgegevens:	[email protected] +44 20 8123 9377
beschikbare methoden om geld te storten:	bitcon bitcoin cash, ethereum, litecoin, ripple
beschikbare methoden om geld op te nemen:	bitcoin, bitcoin cash, ethereum, litecoin, ripple
minimale storting:	10 USD
minimale grootte van handel in lots:	0.01
spreads:	typische spread op het valutapaar EUR/USD - 2,0 pips * voor een standaard account
verhandelbare beleggingsproducten:

De maximaal beschikbare hefboom kan begrensd worden door lokale financiële regelgevende autoriteiten of door internationale regelgeving. In dergelijke gevallen kan de vermelde maximale hefboom afwijken van de hefboom waarmee u daadwerkelijk kunt beleggen.

Binnen de europese unie bijvoorbeeld, begrenst de financiële regelgevende autoriteit ESMA de maximaal beschikbare hefboom tot 1:30 in geval van beleggingen in belangrijke valutaparen, 1:20 in geval van beleggingen in minder belangrijke valutaparen en grondstoffen, en 1:2 in geval van beleggingen in cryptovaluta. Vergelijkbare restricties worden opgelegd in australië en mogelijk ook in andere jurisdicties.

Hankotrade tarieven (typische spreads)

We hebben de kosten (typische spreads) doorgenomen die hankotrade in rekening brengt voor het beleggen in populaire valutaparen. Ze worden hier weergegeven in pips.

*typische spreads werden genoteerd op 17/09/2020 om 09:49 voor een standaard account. Hankotrade spreads in de bovenstaande tabel dienen alleen als illustratieve voorbeelden, aangezien ze bijvoorbeeld kunnen veranderen naargelang de marktomstandigheden.

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Veel gestelde vragen

�� is hankotrade oplichterij?

Uit ons onderzoek blijkt dat hankotrade een in het buitenland gevestigde broker is die niet wordt gereguleerd. Dit betekent niet automatisch dat er sprake is van oplichterij, maar het is wel aan te raden om voorzichtiger te zijn met een dergelijke aanbieder dan met een reguliere broker.

�� wat is de minimum inleg bij hankotrade?

Om te beginnen met beleggen bij hankotrade dient u tenminste 10 USD te storten (beleggingsaccounts kunnen ook worden geopend in USD).

�� welke methoden van storten en opnemen van geld worden ondersteund door hankotrade?

⚖️ zou u mij aanraden om voor hankotrade te kiezen?

We hebben geen persoonlijke ervaring met hankotrade. Maar aangezien het hier gaat om een broker die volgens ons onderzoek niet gereguleerd wordt, zouden we zeer sceptisch zijn om te beleggen met een dergelijke aanbieder. Hoewel er een redelijke kans is dat er bij hankotrade geen sprake is van oplichterij, is er geen reden om het risico te nemen te beleggen met behulp van een ongereguleerde broker, in het bijzonder wanneer we in ogenschouw nemen dat er honderden gereguleerde brokers zijn in de EU, australië, afrika en de VS die vergelijkbare of zelfs betere beleggingsvoorwaarden aanbieden.

Als u op zoek bent naar een zeer betrouwbare broker die beleggen in forex en CFD’s aanbiedt, kunt u kiezen voor onze broker IQ option – 85% van de retailbeleggers verliest geld met CFD’s , een door de cysec gereguleerde onderneming die al vanaf $10 beleggen aanbiedt en zeer competitieve tarieven in rekening brengt voor alle beleggingsproducten.

CFD's zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico met zich mee van snel oplopende verliezen.

¹ variabele spreads, de vermelde spreads golden voor EUR/USD op 5.10.2020 om 11.42 GMT.

Warning! Hankotrade is an offshore company! Your deposit may be at risk.

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Hankotrade may play around with your attention for a while, yet we urge users to read this review before they make any deposit whatsoever.

Hankotrade is located in the small island nation of seychelles, notorious for harboring shady firms, many of which are brokerages. In seychelles the financial services authority (SFSA) is responsible for issuing licenses to wanna be brokerage firms. However, it says nowhere on the website that the broker is actually a license holder from the SFSA. We,nevertheless, did a quick search in the SFSA’s database of regulated entities, we found no results for hankotrade. And even though the webste is quite decent, we are left with no choice but to stamp hankotrade as UNLICENSED, and therefore a risk to all investors’ capital.

Always check for a proper broker license within the domains of the regulatory agencies. All of them have access to either an online database of regulated financial services providers, or separate lists of authorized companies. We advise traders to go with FCA/cysec regulated brokerage firms, since these two agencies are some of the best for the job.

The leverage is capped at 1:500 which is a clear indication that hankotrade is in fact an offshore broker. Furthermore, such a high leverage value has the potential to qucikly ruin a user’s investment. We easily were able to gain access to a trader’s area, and access a live account without further id requirements; another sign that this broker is up to something suspicious. Yet, he trading platfrom we were given access to was only a demo one. Nnetheless, there we got a EUR/USD spread of 2 pips which is unreasonable and not in favor to traders.

As for the trading tools, we were able to get forex pairs, indexes, and shares. The website claims that there are crypto and commodities on top of the ones we just mentioned.

The website is currently only availbale in english.

The classic MT4 makes a return here. MT4 is abundant with great features that make it the powerhouse it is today. Expert advisors, numerous order types, customizable charts and indicators, drag and drop chart and a plethora of other features.

The EUR/USD spread is higly irregular at 2 pips, while the leverage is the most common ammount for offshore brokers, at 1:500.

We were given options to open the MT4 on mobile devices, as a web-trader, and as a desktop one. The browser based MT4 did not work, and so we opened a desktop terminal.

There is a $2 commission per side for the ECN account (+ 0.4 pips), and a $1 per side commission for the ECN plus account (+0.2 pips), for 100k lots traded (1 standard lot).

HANKOTRADE MINIMUM DEPOSIT

According to the client area, there are mltpiple ways of depositing, all using the crypto currency principle.

We were able to proceed with a 0.00 deposit amount, meaning tat there is no minimum deposit requirment here.

This broker is clearly unregulated, and if you choose fund an account with it, it will put you directly at risk of loosing all funds. For safekeeping your money, we strongly advise to avoid all brokers who do not have a proper license from renowned regulatory bodies. Agencies like the FCA and cysec stand out as some of the top license issuers in the world, notorious for their severe requirements and close relationships with the law.

DON’T PROVIDE YOUR CREDIT CARD CVV CODE

The CVV code is the one thing that separates a buyer from a product. Without it, one cannot complete a purchase, even if him/her has given all other necessary information. By giving this detail to someone else, you are essentially inviting them to use your funds for their own means. And be warned that unregulated brokers most certainly plan to do so.

DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER

It may or may not happen, but if an unregulated broker asks you to install anydesk or teamviewer and give them log in details, consider yourself very open to a complete drainage of your funds from all your online accounts. These software allow for anyone to access your PC from another station and go through all your files and vital information, including credit card, bank and alternative payment method details. Thankfully, these platforms are completely legal and will need your own personal approval in order to be used.

HANKOTRADE WITHDRAWAL TIME AND FEES

The broker makes it clear that it does not charge any withdrawal fees. However, if the user does not regularly trade, the broker will charge him/her with fees.

The minimum withdrawal amout is capped at $50.

Withdrawals are processed within 24 hours.

ADDITIONAL FEES AND TAXES

Surprisignly, the broker has not included any suspicious clauses in its terms and conditions, despite the fact that the docements are strikingly short. Regardless, it’s in hankotrade’s own interest to keep you invested for as long as possible. For this reason they will deny your withdrawal request, for certain, either by reassuring that the more you postpone your withdrawal the better the chance of quadrupling your initial investment, or just asking for more deposits.

ACCOUNT VERIFICATION

If a broker is unlicensed, never give you ID and personal details to it, because the broker will use these details against you once you file for a charge back. Furthermore, any allegation held against the brokerage will be easily refuted if they have in their possession a copy of your ID and proof of address.

Yet again we urge readers to stay away from this broker as it will, without a doubt, never return your funds and profits. If you wish to to get smooth and efficient transactions, please visit a FCA/cysec regulated broker, where all withdrawals are handled with care and respect.

HOW TO RECOVER

The only way to recover is by filling for a charge back, and hoping it’s not too late.

If you have given away your credit card details including the CVV code to the “broker” you should cancel it ASAP and check with your bank to see the damage inflicted.

At some point or another you might stumble upon a “recovery” agent or agency that promises to retrieve all your money back. This sounds all too good to be true, and that’s because it isn’t. Before proceeding with the recovery they will ask a payment for their services. If you chose to indulge them, they will disappear with the money without a hint of remorse.

The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!

BOTTOM LINE

We will say that hankotrade has potential, and seems to offer decent trading gorunds, yet witout a proper regulation, and short terms and conditions (to ensure the safety of clients), we have to advice users to keep their investments away from this one.

Blueberry markets review

Blueberry markets is an online broker based in australia offering 50+ instruments on the MT4 platform. They offer ECN and commission free accounts. Whilst there is a free VPS, trading tools and educational materials are sparse when compared to some other online brokers.

Blueberry markets review, pros & cons

Regulated

Segregated client funds

Commission free trading

Free VPS

No US clients

No cryptocurrencies

Limited trading tools

Limited educational material

In this detailed blueberry markets review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Blueberry markets is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including blueberry markets.

Blueberry markets review: summary

Blueberry markets is an australian ECN broker offering online trading to clients worldwide. They provide a range of 50+ tradeable instruments on multiple asset classes including forex, commodities, indices, metals, energies & cfds.

Blueberry markets offer tight spreads starting from just 0 pips on the raw ECN account, competitive commission fees and leverage of up to 1:500. Clients can open an account with a minimum $100 deposit and choose from 5 convenient funding methods.

Liquidity is aggregated from 12 tier 1 banks and ecns to provide real time pricing. They implement a complex and robust infrastructure that incorporates innovative trading technologies to ensure that trades are executed quickly and spreads remain as tight as possible.

Blueberry markets review: broker features

Blueberry markets believe in offering long term value and work alongside clients to help them prosper and become successful. Professional account managers are on hand to assist day and night.

The founder of blueberry markets states “I founded blueberry markets because I love seeing clients succeed and wanted to help make that happen. We’ve built a platform that encourages that success. The goal of blueberry markets is to have the most profitable traders in the industry.”

Blueberry markets review: regulation

The blueberry markets group is a trading name of eightcap pty ltd. Eightcap is regulated by the australian securities & investments commission (ASIC) with AFSL number 391441.

As a regulated entity, blueberry markets must abide to the highest standard of australian corporate governance, financial reporting and disclosure.

Client funds are held away from company funds in a segregated trust account at national australia bank (NAB). This helps to ensure that client funds cannot be used for any other purposes.

Blueberry markets review: countries

Blueberry markets accept clients from around the globe apart from a few countries including the USA and japan due to regulatory constraints or anti-money laundering/counter-terrorism financing (AML/CTF) deficiencies. Some blueberry markets broker features and products mentioned within this blueberry markets review may not be available to traders from specific countries due to legal restrictions.

Blueberry markets review: trading platforms

Blueberry markets provide one of the most popular trading platforms, metatrader 4 (MT4). MT4 is developed by russian software company metaquotes. It is free to use and available for desktop (windows / mac), web and mobile (iphone / ipad / android / tablet).

Blueberry markets review: trading platforms

Metatrader (MT4) platform

MT4 is used worldwide by millions of traders of all skill levels. It has a user-friendly interface and wide variety of trading tools including 30+ built in technical analysis indicators, 23 analytical objects and support for automated trading with expert advisors (eas).

The MT4 metaeditor allows you to code your own custom indicators and eas in the MQL programming language. There is a strategy tester that can back test eas over historical data downloaded directly from the broker.

Other MT4 features include real time price quotes in the market watch window, 9 timeframes, multiple chart and order types, one-click trading, notification alerts, templates, marketplace with thousands of additional tools and much more.

The web version of the MT4 platform can run directly in most modern web browsers without needing to install any additional software. The mobile app is useful for those who wish to access their trading account and trade whilst on the go from anywhere in the world with an internet connection. It is available for download on both android and ios devices from the relevant app stores.

Blueberry markets review: metatrader 4 (MT4)

Blueberry markets review: trading tools

Blueberry markets do not offer any standalone trading tools although eligible clients can apply for a free VPS.

Virtual private server (VPS)

Blueberry markets offer a free VPS to clients who trade a minimum volume of 10 lots per round turn in a calendar month. A VPS is useful as it enables you to run the trading platform 24/7 without needing your own computer switched on. This can be useful for traders who need to run automated trading systems around the clock and those who want latency of 1 millisecond to the blueberry markets trade servers. The VPS has an 100% uptime guarantee and comes with 24/5 technical support via live chat and email.

Blueberry markets review: virtual private server (VPS)

Blueberry markets review: education

At this time blueberry markets currently do not offer any educational materials. As a relatively new broker, this may change over the coming years.

Blueberry markets review: trading instruments

Blueberry markets offer over 50+ trading instruments in multiple markets including forex, commodities, indices, metals, energies & cfds.

Blueberry markets review: trading instruments

Forex currency pairs include majors such as the EURUSD & GBPUSD along with minor and exotic crosses. Some of the most popular indices are available including the AUS200, UK100, GER30, JPN225, SPX500, FRA40, EUSTX50 and US30. They also offer online trading on spot gold (XAU/USD) and silver (XAG/USD) whilst there are two grades of oil (WIT & brent) available for trading.

Blueberry markets review: trading accounts & fees

Blueberry markets offer two main account types; standard and professional. They aggregate price feeds from a variety of different liquidity providers which allows for tight spreads and good execution. The spread the client trades on will depend on the type of trading account that they choose to open. Demo accounts are available to test the different platforms and conditions before opening a real account.

Blueberry markets review: account types

Standard account

On the standard account spreads start from 1 pip and there is no commission charged as broker costs are included within the spread. The minimum deposit required for this account type is $100. It has a minimum position size requirement of 0.01 lots and has access to all trading instruments on the MT4 platform.

Professional account

The raw ECN professional account has spreads starting from 0 pips with a competitive $7 commission charged per standard lot, per round turn. The minimum deposit required for this account type is $1,000. It has a minimum position size requirement of 0.01 lots and has access to all trading instruments on the MT4 platform.

As broker fees can vary and change, there may be additional fees that are not listed in this blueberry markets review. It is imperative to ensure that you check and understand all of the latest information before you open a blueberry markets broker account for online trading.

Blueberry markets review: customer service

Blueberry markets provide clients with first class customer service that is available 24 hours a day, 5 days a week. Support is very responsive and available via phone, email and online live chat.

Blueberry markets review: deposit & withdrawal

Blueberry markets have a variety of convenient methods for depositing and withdrawing funds to and from your trading account. This includes bank wire, credit card and online payment systems such as skrill. Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal.

There are no fees for withdrawals, subject to terms and conditions. Withdrawal requests can easily be made via the withdrawal form from within the secure client area and are processed within one business day or less. Bank transfers may take a few business days to clear whilst some methods can be instant. In the case of unforeseen circumstances, withdrawals may take longer.

Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. All funds deposited into your trading account must be under the same name as your blueberry markets trading account. Blueberry markets strictly does not accept third-party payments.

Accounts can be opened in AUD, USD, CAD, GBP, NZD, EUR, SGD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

Blueberry markets review: funding options

Blueberry markets review: account opening

There is a short online form to complete in order to open a blueberry markets account. Applicants will need to provide a proof of ID such as a copy of a valid passport and a document for proof of address such as a utility bill. This is a normal part of the know your client (KYC) process. The proof of address document must be no older than 3 months and clearly show the name and address of the applicant. Once your documents have been verified by a member of the accounts team, you will be able to fund your account using any of the convenient payment options and can then commence trading.

Blueberry markets review: account application form

Blueberry markets review: conclusion

Blueberry markets is an australian owned and regulated online brokerage offering the popular MT4 trading platform for trading 50+ instruments. They offer a choice between commission free accounts with a marked up spread or an ECN account with a tighter spread and competitive commission charge. Whilst trading conditions are good, there are a lack of trading tools and educational materials provided. However, they do offer a free VPS to eligible clients and have convenient funding methods. In addition to this, they are client focused with a very efficient support team.

Margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with blueberry markets, and seek independent advice if necessary. Forex and cfds are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing substantially more than your initial investment).

Min $100 deposit

Blueberry markets is an online broker based in australia offering 50+ instruments on the MT4 platform. They offer ECN & commission free accounts. Whilst there is a free VPS, trading tools & educational materials are sparse.

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