A financial regulator has publicly named this broker for soliciting the public without the required registration — a serious warning sign, reflected in the scam-risk score.
A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.
| Factor | Score | Weight |
|---|---|---|
| Regulation & licensing | 96 | 35% |
| Company age | 22 | 15% |
| Clone / impersonation | 0 | 12% |
| Withdrawal & exposure complaints | 42 | 12% |
| Offshore registration | 80 | 8% |
| Transparency (site/info/social) | 53 | 10% |
| Real-user sentiment | 50 | 8% |
Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.
| Account | Max leverage | Min. deposit | Min. spread | Commission | EA |
|---|---|---|---|---|---|
| ECN Plus | 1:500 | $1,000 | 0.0 | $1/$100K | ✓ |
| ECN | 1:500 | $100 | 0.0 | $2 / $100K | ✓ |
| STP | 1:500 | $15 | 0.7 | $0 | ✓ |
Across 12 recent Trustpilot reviews, 25% are 1–2 star. The single most common complaint is being unable to withdraw funds (1 reports) — the classic warning sign in forex.
0Hankotrade is a forex and CFD broker based in Belize, with records dating to 2019-11-26. Critically, we could not verify any active forex-trading license for this broker.
FXCanary’s verdict is “Severe.” The combination of weak regulation and user complaints means your capital could be at serious risk.
Overview compiled by FXCanary from regulatory records and public data. full Hankotrade review