Overview of HankoX
HankoX, a forex broker, and cryptocurrency trader, is one of the world’s leading brokers in HANKOX platform.
The platform guarantees an active user base of over 100,000 traders. The brokers promise ultra-low spreads (starting from 0.0 pips), swift order execution, and round-the-clock client service.
Features of Core Platform
a) Fast Execution and Ultra-low Spreads
On pairs like EUR/USD, USD/CHF, spreads start at a minimum of 0.0 pips.
Supported by “lightning-fast execution” and high execution rate.
b) Different Markets
Wide access to:
Over 50+ forex pairs.
20+ cryptocurrencies.
Precious metals (gold, silver), commodities, global indices.
c) Minimum Deposits and Account Types
STP: $10 minimum deposit and spreads from 0.7 pips.
ECN: $100 minimum deposit with raw spreads from 0.0 and $2 per side per $100K traded.
ECN Plus: $1,000 minimum deposit with reduced commission ($1 per $100K).
Islamic: Swap-free, $10 deposit, same leverage, and spreads as mentioned above.
d) Platform and Charting Tools
Customizable interface with widgets, multiple saved layouts, and one-click trading.
High-level charting includes over 100 technical indicators, multiple timeframe views, and various drawing aid tools.
Diverse order types and built-in risk devices.
e) Copy Trading
Enables users to follow top traders with customizable risk per trade.
Real-time sync makes it easy to follow traders live as they make moves.
f) Education and Support
Educational resources such as “Forex Basics”, guides, and risk-free calculators.
Around-the-clock live chat support alongside a Discord community boasting over 10k active users.
g) Security and Reliability
Funds are kept in tier-1 banks.
99.9% uptime, military grade encryption, and redundant servers.
Company Background and Reputation
The platform is positioned as “one of the oldest and highly reputed forex trading platforms,” used by hedge funds and high frequency trading firms.
The global aim of the company, “#1 Forex Broker,” underscores low spreads, performance, and tailored tools.
Reviews note benefits such as:
A clear display of a swap rate as a USD value instead of points captures the trader’s attention.
New live chart trading features increase usability.
Active traders: Over 100K
Currency pairs: 50+
Cryptocurrency assets: 20+
Spreads: 0.0–0.7 pips depending on account type.
Advanced indicators and customizable settings underline a serious focus on trader empowerment.
User Experience & Feedback
Educational Quality
Systematic syllabus of elementary to advanced aids beginners.
Chart Updates & Copy Trading
New chart trading updates are a hit among active traders.
Inexperienced users can copy top traders using the copy trading feature.
Transparency of Costs
Clear disclosure of swap rates in USD enhances transparency.
Risks & Areas to Improve
Excessive exposure to risk is caused by high leverage (up to 1:500). New traders need to manage these risks effectively.
Regulatory status not available in the search results should be present. Confirmation of oversight (ex. FCA, CYSEC) is crucial.
Explanation of the commissions’ framework accuracy—surcharges on ECN accounts must be evaluated against the savings, which is unclear.
Summary Table
| Feature | Details |
|---|---|
| Trader base | 100,000+ active users |
| Currency pairs | 50+ |
| Cryptocurrencies | 20+ |
| Spreads | 0.0–0.7 pips |
| Account types | STP, ECN, ECN Plus, Islamic |
| Minimum deposit | $10–$1,000 |
| Platform tools | 100+ indicators, custom layouts |
| Copy trading | Yes |
| Education | Guides, videos, Forex basics |
| Support | 24/7 live chat, Discord |
| Security | Segregated funds, encryption, 99.9% uptime |
Industry Comparison
- Spreads are on par with top-tier brokers IC Markets and Pepperstone.
- Copy trading services place it in competition with eToro and ZuluTrade.
- Advanced charting tools rival MT4/MT5 and cTrader.
- Absence of a public clear regulatory license and compliance information is an important consideration for risk-averse traders.
Video Highlight
Here’s a useful video on how to use the HankoX platform:
FAQ
1. What is HankoX (Hankotrade)?
They offer an array of trading services including forex, CFDs, and crypto, backed by comprehensive tools and educational resources.
2. Is HankoX regulated?
These licenses are not publicly available so check the official site or documentation prior to trading large sums of money.
3. Which account type suits me?
STP- best for low capital under $100 due to variable spreads.
ECN- Mid-level trading with raw spreads and small commission.
Islamic- Swap-free accounts are available for Sharia compliant traders.
4. The number of spreads are quite low as:
On ECN/ECN Plus, it’s from 0.0 pips and STP is approximately 0.7 pips.
5. Is it possible for me to mimic the trades of others?
Mimicry is permitted—real-time copy trading with customizable risk parameters is available on HankoX.
6. What resources and tools are provided?
From basics to expert training, tutorial videos, risk calculators, and an active Discord community.
7. How safe is my money?
My funds are retained in segregated tier-1 bank accounts—military grade encryption is used, with a 99.9% uptime.
8. What are some other cons?
Very little information on licensing and regulation.
Due to leverage, there is an incredibly high potential risk.
Account type comparison must be done thoroughly as there are commissions and fee charges.
HankoX Summary
HankoX has ultra-low spreads along with the ability to copy trade, and supports multiple international traders, making it a robust broker platform.
However, their major drawback of not being well regulated results in all potential clients having concerns about verification checks.
The conclusion is that, if the candidate is serious about funding, then checking the regulatory approval signs alongside the fee details and set execution speed needs to be clarified first to ensure better flexibility with respect to the regulated brokers.