Hankotrade vs FXTM

Hankotrade or FXTM – which is better for UK traders 2024? Compare Hankotrade and FXTM in this detailed breakdown of their platforms, features and fees.

Hankotrade vs FXTM Comparison Table 2024
Hankotrade FXTM
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2
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4
Hankotrade is ranked #97 among CFD brokers. FXTM is ranked #51 among CFD brokers.
Review
Review
Hankotrade is an offshore broker with high leverage, low fees and a welcome bonus. FXTM is a top-rated forex and CFD broker established in 2011 and operating across 4 continents. The company is secure and regulated by leading authorities, including the FCA and CySEC. Offering 1000+ trading markets and three account types, they cater to all levels of trader.
Pros
  • Demo account
  • MT4 integration
  • Low minimum deposit
  • The broker delivers an excellent charting environment for traders, with over 30 technical tools offered in the MT4 platform, plus a range of additional platform indicators for monitoring spreads, orders, pivot levels and more
  • Beginners can access a strong range of free educational materials and short-term market insights, including a podcast hosted by the brand’s expert team
  • FXTM offers free VPS hosting for active traders looking for 24/7 uninterrupted connection with up to 99.9% uptime
  • The broker has a good reputation with multiple industry awards and oversight from top-tier regulators like the CySEC
  • Customer support is reliable and available in 30+ languages, making FXTM a top choice among global traders
  • Negative Balance Protection is available to clients registering with the EU and UK entities
Cons
  • No regulatory oversight
  • Few payment methods
  • No copy trading
  • It’s a shame that ETFs and bond products are not available, and the selection of stocks is not extensive compared to competitors like AvaTrade
  • Spreads are mediocre in the commission-free accounts, with typical EUR/USD spreads around 1.9 pips - the industry average is around 1.2 pips
  • Withdrawal fees apply, including a 30 EUR fee on bank wire withdrawals
  • There are limited e-wallet payment options compared to alternatives
Awards
  • Best Trading Experience 2021 - World Finance Awards
  • Best Online Leveraged Trading Services 2021 - Global Business Awards
  • Best Forex Education Partner Nigeria 2021 - World Business Outlook
  • Best Trading Experience 2020 - World Finance Awards
  • Best ECN Broker 2020 - DayTrading.com
FCA Regulated
No

List of FCA Regulated Brokers

Yes
Instruments
CFDs, Forex, Indices, Commodities, Cryptos Forex, CFDs, Indices, Commodities, Stocks
Demo Account
Yes Yes
Minimum Deposit
$10 $10
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
CySEC, FCA, FSCA, FSC
Mobile Apps
iOS & Android iOS & Android
Trading App

FXTM deliver a great mobile trading experience. Fast, secure and easy-to-use, the app supports both MetaTrader 4 and 5 and delivers real time quotes, all trading execution types and full account maintenance. The charting facilities are also among the best of any mobile app. Download it today.
iOS App Rating
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4.8
Android App Rating
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4.4
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
Yes Yes
ECN Account
Yes Yes
DMA Account
No No
MAM Account
Yes Yes
PAMM Account
Yes Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
MetaTrader Yes
VPS Hosting
Yes Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0 $5
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • CAD
  • USD
  • EUR
  • GBP
Commodities
  • Gold
  • Silver
  • Natural Gas
  • Oil
  • Gold
  • Silver
  • Natural Gas
  • Oil
  • Precious Metals
CFD
Speculate on rising and falling prices using highly leveraged CFDs FXTM’s CFD offering spans 250+ forex, stocks, commodities and indices, plus crypto CFDs at the global entity. Leverage up to 1:30 is available from the CySEC-regulated branch, though highly seasoned traders can also access massive 1:2000 rates from the global entity.
Leverage
1:500 1:30
FTSE Spread
From 0.0 pips 1.3
GBPUSD Spread<
From 0.0 pips 0.2
Oil Spread
From 0.0 pips 5.0
Stocks Spread
NA 0.1
Forex
Trade major and minor currency pairs 24/5 FXTM offers a strong range of 60+ currency pairs - more than many competitors including AvaTrade. There’s also 6 currency indices for traders looking to diversify their forex portfolios. The brand’s ECN account offers competitively low spreads from 0 pips, with equally low commissions up to $2 per lot.
Assets
62 50+
GBPUSD Spread
From 0.0 pips 0.2
EURUSD Spread
From 0.0 pips 0.1
EURGBP Spread
From 0.0 pips 0.6
Currency Indices
  • USD
  • EUR
  • GBP
  • JPY
  • AUD
  • NZD
Cryptocurrency
Trade leading cryptos against the US Dollar Cryptocurrency CFDs are available on 11 popular digital coins for those using the international entity. Bitcoin is available, alongside popular altcoins like Avalanch and Dogecoin. Spreads are floating and minimum lot sizes from 0.01 are available.
Spread
From 0.0 pips Variable
Coins
  • BTC
  • ETH
  • LTC
  • BTC
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Hankotrade FXTM
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