If you are a forex trader looking for an offshore forex broker for restriction-free forex and CFD trading, you may come across the name Hankotrade.
Hankotrade is an unregulated forex broker that offers a range of trading services and features. It is known for its advanced features, user-friendly interface, and robust functionality.
So, if you are considering using Hankotrade as your broker, you may be wondering if it works with MT5.
In this article, we will explore whether Hankotrade is compatible with MT5 and what this means for traders. We will discuss the benefits and drawbacks of using MT5 with Hankotrade and provide insights from account creation to trading experience.
Does Hankotrade Work With MT5?
No, Hankotrade does not work with MetaTrader 5 (MT5). The platform has chosen to implement the ActTrader trading platform instead. ActTrader is a brokerage solution provider with robust technology and powerful liquidity solutions. It offers a full-featured trading interface that provides numerous customization options for both brokers and traders
Hankotrade Overview
- Founded In: 2018
- Broker Type: ECN/STP
- Minimum Deposit: between $10 and $100: $10 for STP, $100 for ECN, and $1000 for ECN plus accounts
- Maximum Leverage: 1:500
- Account Types: 4 account types: STP, ECN, and ECN Plus, Islamic Accounts
- Trading Fees: STP account:0.7 Pips spread, ECN account: $2 for Standard lot/per side, and for ECN Plus account: $1 for standard lot/per side
- Regulations: None
- Trading platform: ActTrader (Web+Mobile)
- Payment Options: 8 methods (Bitcoin, Litecoin, Ethereum, True USD, USDC- Bitcoin Cash, Tether, Dogecoin)
- PAMM/ MAM Account: Available
- Bonus: 100% Deposit Bonus
- US Traders: Accepted
What other platforms does Hankotrade use?
ActTrader currently does not use any other trading platform other than ActTrader.
Alternatives of Hankotrade:
Hankotrade is a popular offshore broker. However, there are other brokers that can serve as alternatives to Hankotrade. Offshore brokers do not usually offer MT4 or MT5 trading platforms due to restrictions on MT4 for allowing US traders to trade CFDs. Here are the alternatives to Hankotrade
- Founded In: 2024
- Minimum Deposit: $50
- Maximum Leverage: 1:2000
- Regulations: None
- Trading Platforms: MT4, MT5
- Trading Instruments: Forex, cryptos, commodities, indices and stocks CFDs
- Founded In: 2020
- Location: Comoros Union
- Minimum Deposit: $1
- Maximum Leverage: 1:1000
- Regulations: None
- Trading Platforms: MT5
- Trading Instruments: Forex, cryptos, commodities, indices and stocks CFDs
- Founded In: 2017
- Minimum Deposit: $1
- Maximum Leverage: 1:1000
- Regulations: None ( Offshore forex broker)
- Trading Platforms: MT4, MT5
- Trading Instruments: forex, indices, commodities, shares, cryptocurrencies, precious metals
- Founded In: 2022
- Location: Bulgaria
- Minimum Deposit: $10
- Maximum Leverage: 1:1000
- Regulations: None
- Trading Platforms: MT5
- Trading Instruments: Forex, cryptos, commodities, indices and stocks CFDs
- Founded Year: 2020
- Location: Stamford Hill, Durban Kwa-Zulu Natal 4001.
- Minimum Deposit: $10
- Maximum Leverage: 1:500
- Regulations: None (Unregulated Offshore Broker)
- Trading Platforms: MT5, TradeLocker
- Trading Instruments: CFDs on stock indices, various commodities, such as gold and silver, and a wide choice of FX pairs
Frequently Asked Questions (FAQs)
What is HankoTrade?
HankoTrade is an unregulated forex broker founded in 2018. It is an offshore forex broker that offers forex, Crypto, and CFD trading.
What is MT5?
MetaTrader 5 (MT5), is a multi-asset trading platform developed by MetaQuotes Software Corp. It serves as the successor to MetaTrader 4 (MT4) and is designed to offer a broader range of features and capabilities. MT5 provides advanced charting tools, expanded technical indicators, and enhanced trading facilities compared to its predecessor, MT4. With support for trading various asset classes including forex, stocks, commodities, indices, and cryptocurrencies, MT5 has become a popular choice among traders seeking a versatile and comprehensive trading platform.
What is ActTrader?
Founded in 2000, ActTrader is a pioneering company in the financial technology (FinTech) sector, specializing in online trading solutions. The company has established itself as a leader in the industry, offering a range of innovative products and services tailored to meet the needs of both brokers and traders in the global financial markets.
At its core, ActTrader provides a comprehensive trading platform that empowers users with advanced tools and features to execute trades across various asset classes, including forex, stocks, commodities, and indices. With a focus on user experience and technological innovation, ActTrader strives to deliver cutting-edge solutions that enhance efficiency, reliability, and performance in online trading.
Does Hankotrade offer an ActTrader Demo Account for Free?
Yes, Hankotrade provides traders with the opportunity to explore the features and functionality of the ActTrader platform through a free demo account.
What is the timezone of Hankotrade ActTrader?
The server time zone for Hankotrade Acttrader follows Greenwich Mean Time (GMT), with adjustments made for daylight saving time. During the winter months, the server time is GMT+2, while during the summer months, it is GMT+3.
Can I Use Expert Advisors (EAs) with Hankotrade ActTrader?
No, Currently traders can use Expert Advisors (EAs)/robots with Hankotrade ActTrader. It might be available in the future.
What is the Minimum Amount I Can Deposit for Hankotrade?
The minimum deposit required to open an account with Hankotrade is $10. This low barrier to entry enables traders of all budget sizes to participate in the forex market and access the platform’s features and services.
Where is the Headquarters of Hankotrade Located?
Hankotrade is headquartered in Dubai, United Arab Emirates.
What Types of Accounts Does Hankotrade Offer?
Hankotrade offers three major types of accounts: STP, ECN, and ECN Plus. Additionally, it also offers Islamic accounts
Is Hankotrade ActTrader Available for MAC Users?
Yes, Hankotrade Acttrader is available for MAC users. Traders using MAC computers can easily download and install the Acttrader platform to access the full suite of trading features.
Is Hankotrade ActTrader Available on Android Devices?
Yes, ActTrader is available on Android devices. Traders can download the mobile app from the Google Play Store and enjoy the convenience of trading on the go.
What Instruments Can I Trade on Hankotrade ActTrader?
On Hankotrade, traders have access to 90+ trading instruments including forex (45+) currency pairs, cryptocurrencies(10+), Contracts for Difference (CFDs) (5+), and more. These instruments allow for a comprehensive trading experience across various financial markets.
Final Thoughts:
Hankotrade uses Acttrader as its trading platform. The broker does not use the MT4 or MT5 trading platform. ActTrader is a brokerage solution provider with robust technology and powerful liquidity solutions. It offers a full-featured trading interface that provides numerous customization options for both brokers and traders It facilitates online trading in various financial markets.
ActTrader offers a suite of complementary services, including liquidity solutions, risk management tools, and back-office support, designed to streamline operations and optimize the trading experience for clients. With a commitment to excellence and a track record of success spanning over two decades, ActTrader continues to be at the forefront of driving innovation and shaping the future of online trading
Disclaimer: Trading forex and CFDs comes with the risk of losing your trading capital. Moreover, trading with offshore forex brokers like Hankotrade puts your funds at higher risks
