Hankotrade Review & Victims’ Experiences

Hankotrade.com Review: Independent Analysis of User Ratings, Complaints, and Trustworthiness

Scam Broker Overview

Website: https://hankotrade.com/
Website Availability: Yes
Address: Blake Building, Corner Houston & Eyre Street, Belize City, Belize
Warning: Not Recommended By Review Website Like Skyrecoup
Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.

Hankotrade has been flagged as a potential scam in the online trading space. Many traders have reported issues related to fund withdrawals, misleading promises, and a lack of transparency. While the broker may present itself as legitimate, the lack of regulatory oversight raises serious concerns. Traders are strongly advised to stay cautious before investing any amount with hankotrade.com.

Hankotrade – Is It Safe to Trade?

Hankotrade is an online forex broker that has raised serious concerns about its legitimacy. The broker’s registration with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines has been revoked. Importantly, the SVG FSA has clarified that it does not regulate or license forex trading, meaning Hankotrade is currently operating without valid oversight.

This lack of regulation poses a major risk to investors, as funds are not protected by any financial authority. Users on Reddit have also reported negative experiences, with issues like poor customer support and trouble withdrawing funds.

Hankotrade promotes itself as a global broker with headquarters in Seychelles. It provides access to popular trading platforms like MT4 and MT5, available on desktop and mobile. Traders can use the platform to trade more than 60 forex pairs, cryptocurrencies like Bitcoin and Ethereum, as well as stock indices, precious metals, and commodities as CFDs.

However, all deposits and withdrawals are processed only through cryptocurrencies, which makes transactions harder to trace and recover. The fact that Hankotrade also accepts clients from the USA without proper regulation is another red flag.

Overall, Hankotrade appears to be an unsafe and unregulated broker.

Victims’ Reviews & Experiences

Various traders have expressed disappointment with Hankotrade due to delayed or blocked withdrawals. Generally, users complain about the misleading nature of promises of profits being made and poor customer service. Complaints also highlight the opaque nature of the trading conditions, which leaves investors unsure if they are willing to deposit.

Conclusion – Should You Trust Hankotrade?

Based on the findings above, extreme caution is advised when dealing with Hankotrade. The absence of regulation, lack of transparency, and ongoing user complaints indicate that this broker poses a serious risk to investors. Always prioritize safety and verify the legitimacy of any financial platform before investing.

FAQs (Frequently Asked Questions)

Q1: Is Hankotrade regulated?

A: No, presently, hankotrade.com is not regulated by any financial authorities.

Q2: Can I withdraw my funds safely from the Hankotrade?

A: Many users report having issues withdrawing their funds; therefore, there is a high risk involved.

Q3: How can I report Hankotrade for fraud?

A: You can report suspicious activity via financial watchdogs and use a platform like Skyrecoup to receive assistance.

Q4: Is it possible to recover my money from the Hankotrade?

A: Yes, there are fund recovery services like Skyrecoup, which help victims reclaim their investments.

Recover Your Funds with Skyrecoup

If you’ve been a victim of Hankotrade or any other fraudulent platform, Skyrecoup can help.

Skyrecoup is a global leader in chargeback and fund recovery services, specializing in Forex, Crypto, Binary Options, and online trading scams. With one of the industry’s highest success rates, we are committed to confronting scammers and recovering your hard-earned money.