Forex traders always look for trading with brokers that suit their trading needs and preferences. XTB and Hankotrade are online forex brokers that offer their trading services to traders and investors. XTB is a highly regulated and trusted forex broker. It is regulated in three tier-1 jurisdictions and one tier-4 jurisdictions. On the other hand, Hankotrade is an offshore forex broker which is not regulated by any regulatory bodies.
In this article, we will review and compare the brokerage services offered by XTB and Hankotrade. We will explore options such as regulations, reputations, fees, features, leverage, and more. Additionally, we will analyze and rate the brokers based on macro and micro categories and options. By reviewing these aspects, you will get a clear idea of which broker suits you best for your trading journey.
XTB vs Hankotrade: In a Nutshell
XTB
Founded in 2002, XTB is an exchange-listed forex and CFD broker with headquarters in Poland and offices in over 13 countries. The broker offers more than 5,800 forex, CFDs as well as real stocks and ETFs for trading on its proprietary platforms. XTB boasts of over 800,000 clients from all over the world. However, the broker offers only the xStation platform. The broker also offers real stocks with 0% commissions.
XTB Overview
- Founded In: 2002
- Founder: Jakub Zablocki
- Locations: UK, Cyprus, Belize, Poland.
- Minimum Deposit: $0
- Maximum Leverage: 1:500
- Regulations:CySEC, FCA , KNF , IFSC
- Trading platform:xStation 5 , xStation Mobile
- Account Types: Standard, Pro, Islamic
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Maestro, Neteller, Paysafe, SafetyPay, Skrill
- US Traders: Not Accept
Hankotrade
Founded in 2020, Hankotrade is an online forex and CFD broker. It is an offshore forex broker that offers Cryptocurrencies, indices, and commodities trading services to traders worldwide. The broker allows all trading styles including scalping, hedging, news trading, etc. The maximum leverage of Hankotrade is as high as 1:500. The broker provides an ECN Plus account with low commissions. There are no extra fees for deposits or withdrawals. To learn more about HankoTrade, you can read our review of it.
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
XTB vs : Hankotrade Features
XTB:
- Trading Instruments: 5800+Trading instruments including Real stocks, ETFs, CFDs on forex, CFDs on Indices, CFDs on Commodities
- Maximum leverage: The maximum leverage of XTB is as high as 500:1. Leverage may vary based on jurisdiction and tradable assets. For example, for CySEC jurisdiction the maximum leverage is 30:1.
- Minimum Deposit: No Minimum Deposit. You may deposit as low as possible.
- Account Types: Two ( Stocks &ETFS, and CFD Instruments)
- Trading Fees: The fees of CFD instruments start from as low as 0.5 pips spread. 0% commission on Stock Accounts
- PAMM/ MAM: No
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
Hankotrade
- Trading Instruments: FD Indices, Commodities and Crypto, currencies
- Trading Platforms: Mt4, Web Trading, Mobile
- Minimum Deposit: $10
- Maximum Leverage: 1:500
- Trading Fees: Trading fees (spreads and commissions) depend on account types. The minimum spread is 0.7 pips for the STP account, No Commission for the ECN account, and $2 for the ECN Plus account.
- Minimum Trade Size: 0.01 lot.
- Maximum Trade Size (Lot restriction Hankorade): USD, EUR, CAD
- Trading Style Allowed: All include scalping, hedging, news trading, and EA trading.
- PAMM/ MAM: Available
- Stop Out Level (retail): 50%
- Margin Call Level: 70%
- Negative balance Protection: Yes
- Investor Protection: No investor protection is Available.
- Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity.
- KYC Verification: Required
XTB vs Hankotrade: Pros and Cons
XTB Pros & Cons
- Regulated by FCA, FSC, KNF, DDM-M, DNMV,
- The Minimum deposit is as low as $1
- The Maximum Leverage is as high as 1:500
- Allows scalping, EA/Robot Trading, News Trading
- Trade stocks, ETFs, indices, commodities, cryptocurrencies, and forex
- 0% commission on stock and ETF trading (only applicable to some EU countries)
- Traders can enjoy commission-free trading with spreads as low as 0.25 pips
- XTB does not offer cTrader, MT4/MT5, or Ninja Trader which are the most popular platforms in the world
- No passive investment programme ( PAMM, MAM Accounts)
- Withdrawal fees for transfers below $100 or €200
- Inactivity fee (€10/monthly after 1+ year with no activity plus no deposit in the last 90 days)
- Complex trading platform for a beginner
- CFDs only – so traders do not own the underlying asset
Hankotrade Pros & Cons
- 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.
- 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
XTB vs Hankotrade: Side-by-Side Comparison
XTB Vs Hankotrade: Our Scores and Ratings
We rated both brokers, XTB 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.
XTB :
Hankotrade
Final Verdict :
Both XTB and Hankotrade offer similar trading services worldwide. However, there are differences in their regulations, reputation, and operation. XTB is a highly regulated and trusted forex broker. It is regulated by top-tier regulatory authorities, including CySEC, FCA , KNF, FSC. On the other hand, Hankotrade is an unregulated offshore forex broker. XTB provides Multiple trading platforms including xStation 5,xStation Mobile. On the Contrary, Hankotrade does not offer MT4/MT5. It uses only ActTrader as its trading platform.
As XTB is not licensed in the USA, it cannot accept US clients. Being an unregulated offshore forex broker, Hankotrade can onboard clients from anywhere in the world, including the USA. Therefore, non-US traders may opt for XTB, while US traders looking for offshore forex brokers may consider Hankotrade. Trading with offshore forex brokers is risky and not recommended.
