Skilling vs Hankotrade Compared in 2024

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Skilling vs Hankotrade: In a Nutshell

Skilling

Established in 2016 by Scandinavian entrepreneurs, Lennart Clausen, André Lavold, Henrik Ekdahl, and Mikael Harstad, Skilling is a regulated and innovative forex broker. It offers traders access to more than 900 forex and CFDs on its Skilling Trader, cTrader, and MT4 platforms. The broker’s Premium account features competitive spreads and low commissions, ideal for advanced traders. Skilling.com provides forex pairs, CFDs, commodities, shares, indices, gold, silver, oil, bitcoin, and other cryptocurrencies for your personal investment and trading options. Additionally, Skilling provides tools like TradingView, an economic calendar, market news, and detailed analysis to enhance trading decisions.

Skilling Overview
  • Founded In: 2016
  • Minimum Deposit: 
  • Maximum Leverage: Up to 1:1000 for non-EU retail traders,1:30 for EU retail traders.  1:200 for professional traders
  • Regulations:CySEC, FSA, and FCA (recently deregistered from FCA)
  • Trading platform: MT4, MT5, cTrader, Skilling Trader, and Skilling Copy
  • Account Types:  Offers 3 account types: Standard, Premium, MT4
  • Payment Options:Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, CoinsPaid, Directa24, FasaPay, Klarna, Neteller, Ngan Luong, Pagsmile, PayPal, PayRetailers, PayTrust88, Skrill, Swish, Trustly, UnionPay, WebMoney
  • US Traders: Not Accepted

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: 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 

Skilling vs Hankotrade: Pros and Cons

Skilling

Pros
  • Regulated by CySEC,  FSA, and FCA.
  • The Maximum leverage is as high as 1:1000 for global entities, 1:30 for EU traders, and 1:200
  • Fully Digital Account Opening ( Easy Sign and Verification Process)
  • Demo Accounts are Available
  • Low Trading fees starting from 0.8 pips for standard accounts, and 0.10 pips for premium accounts
  • Offers both leverage and non-leverage cryptos of trading
  • Educational resources with a new 'Trading Study Hub' for beginner investors to learn more about investing
  • Offers a variety of trading platforms and tools including MT4, Ctrader, Skilling Social Copy Trading, and Skilling own trading platform
  • Straightforward fees, no hidden charge
  • No deposit and withdrawal fees
Cons
  • Higher minimum deposit of $100 for Standard accounts, and $5000 for Premium accounts in the EU
  • Degegistered  from FCA regulations 
  • Service is not available in many countries including Canada and the US
  • 1:2 leverage for cryptocurrencies
  • Only Forex and CFDs are offered

Hankotrade

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 

Skilling vs Hankotrade: Side-by-Side Comparison

Skilling
Hankotrade
Product
Founded In
Founded In
2016
2020
Founded By
Founded By
Scandinavian Entrepreneurs
Not Found
Headquarters
Headquarters
Mahe, Seychelles
Dubai, UAE
Regulations
Regulations
CySEC, FSA, and FCA.
None
Min Deposit
Min Deposit
$25 for the Non-EU standard account, $100 for the EU standard account, and $5000 for the premium account.
$10
Max Leverage
Max Leverage
up to 1:1000 for non-EU retail traders,1:30 for EU retail traders. 1:200 for professional traders
1:500
Tradable Assets
Tradable Assets
220+ trading instruments including forex, cryptocurrencies, shares, commodities, indices.
Cryptocurrencies, indices and commodities.
Fees
Fees
starting from 0.8 pips for a standard account,
Spread from 0.7 pips
Platforms and Tools
Platforms and Tools
MT4, Ctrader, Skilling Social Copy Trading, and Skilling own trading platform
MT4 ,MT5,Webtrader
US Traders
US Traders
Not Allowed
Allowed

Skilling Vs Hankotrade: Our Scores and Ratings

We rated both brokers, Skilling 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.

Skilling:

8.8
Skilling Score
Regulation and Security (40%)9
Fees and Commissions (20%)9
Trading (15%)9
Trading tools (10%)9
Customer Support (10%)8
Trading Education (5%)7

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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