Read this complete HankoTrade review to know more about the HankoTrade scam.
Website – https://hankotrade.com/
Address – Saint Vincent and the Grenadines
Warned By – Not Recommended By Review Website Like Enverra Capital
Domain Information:
Overview of HankoTrade
The Seychelles-based forex broker HankoTrade is unregulated and has its headquarters there. The broker exclusively provides the MT4 trading platform, which is available on PC and mobile platforms. Over 60 forex pairs, cryptocurrencies like Litecoin, Bitcoin, and Ethereum, commodities, stock indexes, and precious metals available for CFD trading are all included in HankoTrade’s list of tradable instruments. Only cryptocurrency deposits and withdrawals are supported by this broker, and US clients are welcome. Please go through this HankoTrade Review to understand what it’s like to trade with this broker, or even share your personal experiences!
The disclaimer at the bottom of the Hankotrade homepage attests to the company’s owners’ decision to maintain their anonymity. When we visited their contact page, we discovered that they are based in Seychelles, a region known for harboring offshore brokers that violate industry rules. Sadly, this implies that Hankotrade will likewise be unable to guarantee funds by trading regulations, and investors should anticipate dishonest practices if they choose to do business with them. An important warning sign for investors is the website’s lack of transparency on who owns it. Scammers frequently deny members’ requests for withdrawals when their identities are concealed. Not to mention the phone number provided, which is based in Auk, is another reason to be concerned.
Once you join Hankotrade, they promise a welcome bonus of $100. However, it may not be as beneficial as it seems, as scam artists could require you to pay back your bonus before withdrawing funds. You may have a balance of $1,000 plus the bonus of $100 yet they could demand that another $100 be deposited so they can get $1,200 from you instead. It’s best to stay away from their promotional offers for that reason.
Hankotrade is using the MT4 trading platform which should work okay, however, it lacks proper security features and can easily be breached without DDoS Protection or SSL Encryption in place. This leaves your credit card details at risk of being accessed by hackers – use platforms that are properly secure!
Is it safe to invest funds with Hankotrade?
There is no guarantee of security since this platform is anonymous and unlicensed. Furthermore, users’ deposits go straight to the owner’s bank account, making the risk of theft highly likely. Based on this evidence, it is wise to stay away from Hankotrade as it could end up being a scam.
One User’s Review
Hankotrade is a complete scam; they have been known to delete profitable trades after closing and then accuse customers of unethical trading. If a customer simply loses money as a result of their activities, Hankotrade will keep the money regardless of whether or not it was from a trade just before or after the winning one. It has been observed that numerous negative reviews on Trustpilot are removed after being posted for some time, raising doubts about the reliability of this website. Moreover, only positive reviews appear to be left on the page when new customers search for information regarding Hankotrade, leaving them unprepared and vulnerable to being scammed.
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