Reply To: HankoTrade – legit or scam?

#185886
James Barra
Moderator
    DayTrading.com Team

    Hi O_Dover,

    Thanks for your message.

    HankoTrade has weak regulatory credentials which raises concerns:

    • HankoTrade is not regulated by a trusted financial body like the UK’s FCA or Australia’s ASIC.
    • HankoTrade operates offshore in St Vincent and the Grenadines where there are more relaxed setup requirements compared to robust trading jurisdictions like Europe.
    • There is limited information about the company’s background and management team. This lack of transparency contrasts with our most trusted brokers.