Hankotrade Exposed: Does it Harm Traders with Manipulated MT4 Chart and High Spreads & Slippage?

Have you witnessed a manipulated MT4 chart on Hankotrade login, showing inaccurate trading figures? Have you been victimized by high swap fees, inflated spreads, and massive slippage? Is the payment processing time too long at Hankotrade? Do you face downtime issues, especially when the New York trading session is on? These are some top complaints against the Belize-based forex broker. In this article, we have shared these complaints. Take a look!

Elaborating on the Top Complaints Against Hankotrade

The Manipulated MT4 Chart Complaint

This complaint talks about a trader who sounds annoyed after seeing the inefficiencies in the MT4 chart in the 1-minute time frame on a demat account opened with the forex broker. Concerned by this, the trader shared the Hankotrade review on WikiFX. Here is a screenshot.

High Slippage, Spreads & Trade Order Execution Inefficiencies

A trader alleged that the broker caused losses by charging high slippage and spreads. If there were not enough, the broker placed the order far away from the bid. Amid losses due to these unexpected trading circumstances, the trader shared this Hankotrade review.

Platform Downtime Causing a Trading Halt

Traders often witness platform downtime, especially during the New York session, causing severe delays in trade execution. As a trader, one cannot open or close the trade given the severe downtime. Here is the trader sharing a painful trading recount at Hankotrade.

Deliberate Fund Removal from the Hankotrade Trading Account

A trader accused Hankotrade of deliberately removing the fund from the trading account and stating that he lost it. Shocked by this alleged trading behavior, the trader shared a painful review of Hankotrade.

Sharing the Hankotrade WikiFX Review: Score & Regulation Status

The complaints mentioned above point to a potential lapse in trading activities by Hankotrade. This further raises the need to investigate the broker thoroughly to find whether these complaints are just individual experiences or there are potential losses for almost all the traders. So, the WikiFX team investigated Hankotrade regulation thoroughly, only to find that it does not carry any license. Consequently, the score for the broker stands at a poor 1.55 out of 10.

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