BlackBull Markets vs Hankotrade | Our Analysis & Comparison 2024

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BlackBull Markets vs Hankotrade: In a Nutshell

BlackBull Markets

Michael Walker and Selwyn Loekman founded BlackBull in 2014 in Auckland, New Zealand. BlackBull enables the trading of over 26,000 instruments including forex, CFDs, real stocks and ETFs. The available platforms are MT4, MT5, TradingView, cTrader, BlackBull shares and BlackBull Trade. Social trading is through BlackBull CopyTrader and ZuluTrade. Trading tools such as free VPS and Autochartist are provided.  

Blackbull Markets  Overview
  • Founded In: 2014
  • Minimum Deposit: $0
  • Maximum Leverage: 1:500
  • Regulations: FMA ,FSA
  • Trading platform: MT4,MT5, Ctrader ,Tradingview
  • Account Types: Standard, Prime, Institutional
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Cryptocurrency, FasaPay, Neteller, Skrill, UnionPay
  • US Traders: Not Accept

Hankotrade

What makes Hankotrade stand out among unregulated brokers is its ECN Plus account with low commissions and trading on the MetaTrader platforms; MT4 and MT5. There are no restrictions on strategies and no deposit and withdrawal fees. Traders are rewarded with bonuses.

Hankotrade Overview
  • Founded In: 2018
  • Broker Type: ECN/STP
  • Minimum Deposit: $10
  • Maximum Leverage: 1:500
  • Regulations: None 
  • Trading platform: MT4 ,MT5,Webtrader
  • Account Types: 4 Types of Accounts ( STP, ECN, ECN Plus, Islamic)
  • Payment Options: Bitcoin cash. Reimbursed
  • US Traders: Accepted 

BlackBull Markets vs Hankotrade: Side By Side Comparison

BlackBull Markets
Hankotrade
Product
Founded In
Founded In
2014
2020
Founded By
Founded By
Michael Walker and Selwyn Loekman
None
Headquarters
Headquarters
Auckland, New Zealand
Dubai, UAE
Regulations
Regulations
FMA , FSA
None
Min Deposit
Min Deposit
None
$10
Max Leverage
Max Leverage
1:500
1:500
Tradable Assets
Tradable Assets
Forex ,Share, CFDs and Commodities
Cryptocurrencies, indices and commodities.
Fees
Fees
Spread from 0.8 pips, commissions $6/round lot
Spread from 0.7 pips
Platforms and Tools
Platforms and Tools
MT4,MT5, Ctrader ,Tradingview
MT4 ,MT5,Webtrader
US Traders
US Traders
Not Allowed
Allowed

BlackBull Markets vs Hankotrade: Pros and Cons

BlackBull Markets Pros & Cons

Pros
  • Regulated by  FMA, FSPR, FSP, FSA-S
  • Founded in New Zealand and operating globally
  • Professional and Retail Trading options 
  • No Minimum Deposit Requirement ($0) 
  • The Maximum Leverage is as  high as 1:500
  • Allow Scalping, News Trading, EA/Robot Trading 
  • Offers Multiple Trading platforms including MT4, MT5, WebTrader, TradingView
  • Supports multiple third-party copy trading platforms, such as ZuluTrade, Duplitrade, and Myfxbook.
Cons
  • BlackBull lacks additional Tier-1 regulatory licenses outside of New Zealand.
  • $2,000 minimum deposit for Prime Account
  • The Ctrader platform is not offered 
  • Withdrawal fees 
  • Limited Research Tools 
  • Not very diverse range of tradable assets

Hankotrade Pros & Cons

Pros
  • Maximum Leverage is as high as 1:500
  • Faster Trade Execution with ECN/STP Model
  • Low Minimum Deposit ($10)  
  • Tight spreads starting from just 0.0 pips
  • Multiple account types including Islamic, STP, ECN, and ECN Plus accounts.
  • PAMM/MAM accounts are available for interested investors and fund managers.
  • Tools like the Economic Calendar, trading calculators, and VPS are provided.
  • Demo accounts are available for testing trading strategies. 
  • Overall Very Low Trading Fees 
  • Crypto Deposits and Withdrawals available
  • Due to the absence of regulatory restrictions, the broker is open to clients worldwide
  • Allows Scalping, News trading, EA Trading, and FIFO Trading. 
Cons
  • The Broker is not regulated 
  • Only crypto deposits and withdrawals are available 
  • Lack of Educational Resources 
  • No Investor Protection Scheme 
  • No Telephone Service Line 
  • Limited Educational Resources 
  •  NO Ctrader trading platforms 

BlackBull Markets Vs Hankotrade: Our Scores and Ratings

We rated both brokers, BlackBull Markets and Hankotrade, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.

BlackBull Markets:

9
Just Markets Score
Regulation and Security (40%)9
Fees and Commissions (20%)9
Trading (15%)9
Trading tools (10%)9
Customer Support (10%)9.5
Trading Education (5%)8

Hankotrade

4
Hankotrade Scores
Regulation and Security (40%)1.5
Fees and Commissions (20%)8
Trading (15%)7
Trading tools (10%)1
Customer Support (10%)5.5
Trading Education (5%)1

Final Verdict :

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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