FXchoice vs Hankotrade | Compare Pros, Cons and More (2024)

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FXchoice vs Hankotrade: In a Nutshell

FXchoice

FXchoice Overview
  • Founded In: 2010
  • Minimum Deposit: $10
  • Maximum Leverage: 1:1000
  • Regulations: FCA, CySEC, FSA, FSA (Labuan), and FSCA.
  • Trading platform: MT4/5, Mobile Trading, Web TerminalTrader
  • Account Types: Classic, Optimum, Pro
  • Payment Options: VISA, MasterCard, AstroPay, Bitcoin, ePayments, Ether/Ethereum, FasaPay, Neteller, PaySafe Card, PerfectMoney, Poli, Qiwi, Rapid Pay, 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 

FXchoice vs Hankotrade: Side By Side Comparison

FXchoice
Hankotrade
Product
Founded In
Founded In
2010
2020
Founded By
Founded By
Not Found
Not Found
Headquarters
Headquarters
Belize City, Belize
Dubai, UAE
Regulations
Regulations
IFSC
None
Min Deposit
Min Deposit
$10
$10
Max Leverage
Max Leverage
1:1000
1:500
Tradable Assets
Tradable Assets
Forex , Indices, Commodities, Share
Cryptocurrencies, indices and commodities.
Fees
Fees
Spread from 0.5 pips
Spread from 0.7 pips
Platforms and Tools
Platforms and Tools
MT4/5, Mobile Trading, Web TerminalTrader
MT4 ,MT5,Webtrader
US Traders
US Traders
Not Allowed
Allowed

FXchoice vs Hankotrade: Pros and Cons

FXchoice Pros & Cons

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 

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.

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