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Hankotrade (Hankotrade.com) is another rotten CFDs and Forex scam platform to hit the lucrative trading world. Hanko Trade is purporting to offer spreads starting from as low as 0.0 pips. With claims of also offering leverage of 500x, most investors sign up not knowing the scam behind it. Members are coming out crying foul after having their accounts frozen for no reason. Read this full HANKOTRADE Review for more details.
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What we learned in regards to this platform is shocking beyond words. Scam artists are behind this trading platform and are stealing from anyone who deposits funds. With strong evidence showing these are offshore brokers, we must expose this platform. Hankotrade is another online scam platform targeting unsuspecting online investors. Without further delay, we will expose the tricks used by these scam artists. Continue reading this detailed and eye-opening Hanko Trade Review for more.
Why do investors fall for scams? Scam artists know for a fact that we all want to make an extra buck. With this in mind, they come up with over the moon claims to attract unsuspecting investors. In most cases, they will guarantee a profit margin of over 90%. Hanko trade is using the same tactic only that they appear to offer attractive features. With a well-designed website, it is easy for the naked eye to fall in love with the platform. Thanks to our years of trading experience, we know how to spot a scam from a mile away.
Disclaimer at the footer of their homepage does not reveal any information regarding ownership. We headed for their contact page to know more about this platform. Details show the platform is operating in Seychelles which means we are dealing with offshore brokers. A huge problem with offshore brokers is they don’t follow strict industry guidelines. Hankotrade is not going to insure funds as dictated by trading laws. Whoever signs up with this platform should expect nothing but shoddy activities.
Who is the person behind this platform? Why can’t we get the names of people running this website? Without an actual name, it is clear HANKOTRADE is anonymous. Anonymity is a scammer’s best friend and it allows owners to do what they want. Scam artists will openly refuse members to withdraw funds which is what’s happening. Investors are warned not to associate with any platform which is anonymous. Phone number listed is also a red flag as it is actually based in the Auk.
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Being based in Seychelles, we highly doubt this platform is licensed by proper authorities. Homepage does not give any indication of Hanko Trade ever being licensed. A huge problem with this platform is they don’t post any information to validate their licensing. We made sure to contact leading regulatory bodies and check whether Hanko trade is licensed. Shocked by what we found out, it is clear some European bodies have issued an alert over this platform. Hankotrade is not licensed to operate any Forex trading services.
Why have they failed to give details regarding their license and registration number? As an investor, you would expect to find license details posted on the website. Copies of their license and registration certificates should be displayed for all to see. Without a valid trading license, any investor who signs up should expect nothing but trouble. Governing bodies such as ASIC, CONSOB, CySEC, FCA, NFA, and SEC have blacklisted Hanko trade. Stay away from this platform.
We could not come up with any advantage of trading with this bogus platform. Hankotrade is simply targeting investors from Europe with their bogus platform. A platform which has no record of being licensed is not worth your money and time. A huge problem with this platform is their anonymous nature and lack of license. No advantage can come out of trading with brokers who are off the grid. The internet is growing with negative comments from members of this rotten platform.
Hanko trade is furnishing users with three types of account types to choose from. Accounts are listed as STP, ECN, and ECN Plus. What we noticed weird with these accounts is in relation to similarity of features. Why would an investor deposit more than $1,000 and get same results as one who deposits $100? These are some of the red flags which newbies don’t realize unless it is too late. Best thing before opening an account is to go through the features of accounts on offer.
What we noticed weird with this demo account is it is rigged to produce over the moon results. Once you start trading with their demo account, you will notice making over 98% profits. Remember a demo account is used to give users a feel of what to expect with a real account. Demo accounts use virtual money which is not real. Scam artists take advantage of this and rig the demo account to produce high profits. With these results, investors rush to open a real account and deposit real funds.
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Once you sign up with Hankotrade, users are promised to get a welcome bonus of $100. Not only will you get a welcome bonus, they also offer a rescue bonus. Bonuses may seem to be a huge advantage but they are not. Scam artists will demand you pay them back their bonus before withdrawing. You make have a bonus of $100, a balance of $1,000, and they will demand you deposit their $100 bonus. It ensures they get $1,200 from you. Stay away from any of their promotional materials.
Hankotrade is using the acceptable MT4 trading platform. What we have a problem with their platform is lack of proper security features. Even with the best platform on their side, they still don’t secure their website. If you look closely at their website, it lacks basic security features. Without DDoS Protection and SSL Encryption, hackers can easily take over this platform. Best be safe and use platforms which properly secure information. Your credit card detail is at risk of being used by third parties.
How can funds be safe with an anonymous and unlicensed entity? Funds are not secure with a platform which is not segregating funds. Users are depositing funds straight to owner’s bank account. With this information on your mind, it is best to stay away. Scam platforms such as Hanko trade will do nothing but steal your funds from you.
With all evidence pointing at one direction, we are sure Hanko trade is a scam. Make sure to ignore all their calls to join their pathetic platform. Mark all their emails as spam and never click on any links sent by their email marketing team. Make sure to stay away from such platforms or lose your entire deposits. Now you know what to expect if you decide to open an account with Hanko Trade
We will be adding this platform to our scam blacklist to ensure our readers are safe.
Wishing all investors a happy and prosperous trading period.
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Hi Henry. Your review is very broad! Do you have something to backup your theory?
It sounds like you are a learning trader who is upset at the broker and needs to get back to their trading plan.
I think it is unfair to generalize that all offshore brokers are a scam. I have had a handful of trading experiences with some of those brokers which turned out to be better. And hankotrade is one of them. In fact, you actually get better trading conditions – Low spreads, no requotes, no slippage, no glitches. Got the most value for my money with them.
hankotrade scammed a person out over 2 million dollars. check their company address on their contact us page and search google for their address, many scams are being operated at this address. If you win and win big they wont let you withdraw.
Every thing this Guy said is Absolutely right. HankoTrade is a scam and got me for over 2500$ and can’t even provide me with any answers, I just keep getting a automated robot that replies to my text and issues of my Money and trades just disappear… Never again will I use that broker, worse experience ever… I should have just Kept using OANDA!!! Do yourself a favor ppl and stay away from HankoTrade, you will definitely regret it, especially when your long trades start being sold without your knowledge or consent and befor you know it your account is Negative!!! Worse trading experience ever!!!
HankoTrade is liquidating your positions with abnormal price slippage !
I have 2 withdrawals stuck with them .one reason is they say I gave the wrong BTC address which I didn’t and the next is I didn’t have the funds to withdraw.what a f*cking joke please don’t use this scam broker.