Hankotrade Review – Is Hankotrade a Regulated Broker?
- Website: https://hankotrade.com/
- Website Availability: Yes
- Address: Blake Building, Corner Houston & Eyre Street, Belize City, Belize
- Warning: Not Recommended By Review Website Like Proupshot.co
- Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
Hankotrade Warning Signs That Shouldn’t Be Ignored
Hankotrade is an online trading platform that was previously listed with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, but its registration has been cancelled. The SVG FSA has confirmed that it does not regulate forex trading, and Hankotrade is not authorized by any major financial regulator. This lack of supervision puts investors at serious risk.
The broker is unregulated and carries a WikiFX score of 1.54/10 – Danger. There is no official trading software, and the website is currently inactive, which raises concerns about its reliability and legitimacy.
Hankotrade allows trading on forex, cryptocurrencies, indices, and commodities, with leverage up to 1:500 and spreads starting from 0.0 pips on the HankoX platform. The minimum deposit is $10, and the platform claims to provide negative balance protection. While leverage can amplify profits, it also increases potential losses, making trading on unregulated platforms especially risky.
Users on Reddit have shared negative experiences, reporting frozen accounts, difficulties withdrawing funds, and unresponsive support. Comments like “HankoTrade is screwing me” reflect real concerns from traders.
Key Advice: Avoid trading with Hankotrade until proper regulation is confirmed. Always verify licenses and regulatory oversight before investing to protect your money.
Why You Must Be Careful?
We’ve been tracking down fake brokers and dark investment plans for many years. Our investigations cover many cases, from forex trading scams to currency trading scams and crypto scams. After years of research and hundreds of real cases, we now know how these scams work and how they play with innocent victims.
Grand promises, unusually high excess returns, and withdrawal issues – these are all common investor-trapping tactics.
If trading with hankotrade.com is a possibility, remain cautious. There has to be thorough research and intelligence supervision so that one is not made a victim of any such dishonest practice.
Avoid Trending Financial Frauds
Scammers never stop inventing new techniques for scamming unsuspecting people. Some of the most trending frauds include:
Investor Impersonation Scams: Fraudulent investment companies promise high profits within a short time; they disappear with every deposit.
Romantic Scams: Scammers pretend to develop online relationships merely to gain victims’ financial trust before scamming them.
Gift Card Scams: Scammers insist on payments being made through gift Card, hence making the transactions irreversible.
Bank Account Fraud: Identity theft and unauthorized access are applied for the purpose of empty bank accounts.
Phishing Fraud: Emails and messages trick people into sharing confidential information.
Cryptocurrency scams: Ponzi schemes and deceptive exchanges trick traders into losing funds.
Forex scams: Unregistered brokers manipulate trades and hold up withdrawals.
Ransomware: Frauds demand ransom to decrypt the information they have encrypted.
When doing financial transactions online, always be observant and handle it cautiously. Meanwhile, verify the legitimacy of a particular broker.
How to Recover Lost Funds?
If you’ve lost money to Hankotrade or similar forex trading scams, you’re not alone. Victims of crypto scams, currency trading scams, and other scam brokers or shady platforms often struggle with scam money recovery.
We assist to recover money from scammers using proven strategies like chargebacks, dispute resolution, and legal action. Our team provides expert advice to help with scammed money recovery and guides victims through the entire recovery process.
Contact Us for a free consultation regarding the recovery of your funds.
Frequently Asked Questions
Q1. Is Hankotrade a safe broker?
No. hankotrade.com shows major red flags, including no verified regulation and scam-like practices.
Q2. What problems do traders face with Hankotrade?
Users report withdrawal issues, hidden fees, and false promises of high returns.
Q3. How can I recover money lost to Hankotrade?
Document all transactions, report to regulators, and seek expert recovery help. Services like Proupshot assist victims with scam money recovery.
About Proupshot
Proupshot.co is dedicated to revealing every fraudulent broker and delivering accurate information to a trader. We aim to protect investors from scams or fraud in finance and also help victims in recovering their lost funds.
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Also, read BX Trade Review.
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