Hankotrade vs FP Markets

Hankotrade vs FP Markets Comparison Table 2024
Hankotrade	FP Markets
Review 2 Hankotrade is #15 in our CFD broker rankings.	Review 4
Traders from US accepted	Traders from US not accepted See available CFD brokers
Hankotrade is an offshore broker with high leverage, low fees and a welcome bonus.	Established in 2005 in Australia, FP Markets is an ASIC- and CySEC-regulated broker boasting an extensive suite of tradable assets. Its Standard and Raw accounts cater to day traders at every level, while it packs a punch in the tooling department, from the MetaTrader suite and intuitive TradingView to actionable trading ideas from Trading Central and AutoChartist.
Bonus Offer
100% Deposit Bonus
Comment by Reviewer
	"FP Markets strikes an ideal balance between affordability and quality for active traders. They’ve managed to keep trading costs low while expanding their investment offering, charting tools, and research features, all while providing excellent support you can rely on for urgent trading queries."
Pros
Demo account MT4 integration Low minimum deposit	FP Markets offers a superb selection of tradable assets, especially since expanding its suite of commodities and supporting over 10,000 stocks. With MetaTrader, cTrader, Iress and more recently TradingView, FP Markets is one of the most accommodating brokers in terms of platform choice. FP Markets delivers fast and dependable support, available 24/5 with average response times of less than 1 minute during testing. FP Markets has a seamless onboarding experience, standing out with crypto deposits and over 10 base currencies, catering to global traders. FP Markets has integrated top-notch research tools from Trading Central and Autochartist, helping traders identify short-term opportunities based on chart patterns, indicators, and other technical factors.
Cons
No regulatory oversight Few payment methods No copy trading	While pricing in the Raw account is excellent, spreads in the Standard account trail the cheapest brokers with a 1.1-pip average spread on the EUR/USD compared to the 0.8-pip average at IC Markets. FP Markets’ Iress platform is only available to clients in Australia. It also primarily emphasizes stock trading over forex trading, and data fees can accumulate rapidly unless you're an active trader or maintain a high-balance account. FP Markets trails the best MetaTrader brokers, despite offering a Trader's Toolbox on MT4, just 130 instruments are available, limiting opportunities for serious traders, especially compared to Pepperstone with its 1,300 assets. Although Traders Hub provides rich research, notably the Daily Report, Technical Report, Market Insights, and Fundamental Analysis, it needs to widen its daily content variety and keep its forex news updated to match category leaders like IG.
Awards
	Best Global Forex Value Broker 2023 - Global Forex Awards Best Forex Partners Programme Asia 2023 - Global Forex Awards Best Forex Broker Europe 2023 - Global Forex Awards Best Global Forex Value Broker 2022 - Global Forex Awards Best Global Forex Value Broker 2021 - Global Forex Awards
Instruments
CFDs, Forex, Indices, Commodities, Cryptos	CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$10	$40
Trading Platforms
MT4 MT5	Iress MT4 MT5 cTrader TradingView AutoChartist TradingCentral
Payment Methods
Bitcoin Payments Ethereum Payments	Apple Pay Bitcoin Payments Credit Card Debit Card Dragonpay FasaPay Google Wallet Mastercard Neteller Perfect Money Rapid Transfer Skrill Sticpay Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
	ASIC, CySEC, FSA, CMA
Margin Trading
Yes	Yes
STP Account
Yes	Yes
ECN Account
Yes	Yes
DMA Account
No	Yes
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	No
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
iOS & Android	iOS & Android
App Review
	FP Markets does not provide a proprietary web-based or mobile app, a downside for beginners. However, there are the mobile versions of MT4/MT5, cTrader, and TradingView that offer real-time quotes, advanced charting tools, account management features, and order execution. Australian clients are also exclusively offered access to the Iress mobile platform, which delivers sophisticated features including analytics, module linking, and multiple portfolio management.
Android App Rating
	4
iOS App Rating
	4
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	Yes
Copy Trading Platform
	FP Markets introduced a proprietary social copy trading platform, alongside access to the MetaTrader signals market. These offerings, coupled with support for Myfxbook, establish FP Markets as an excellent option for social copy trading, even if the system is less intuitive compared to cTrader Copy.
Social Trading
No	Yes
Trade Signals
MetaTrader
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	$0
Islamic Account
Yes	Yes
Account Currencies
USD EUR CAD	USD EUR GBP CAD AUD NZD JPY TRY CHF HKD SGD
Stock Exchanges
DAX GER 40 Index Dow Jones FTSE UK Index Hang Seng Nasdaq S&P 500	Australian Securities Exchange (ASX) Borsa Italiana CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Japan Exchange Group London Stock Exchange Nasdaq National Stock Exchange Of India New York Stock Exchange S&P 500
Commodities
Gold Natural Gas Oil Silver	Aluminium Cocoa Coffee Copper Corn Cotton Gold Iron Natural Gas Oil Palladium Platinum Silver Soybeans Steel Sugar Wheat
CFD Trading
Speculate on rising and falling prices using highly leveraged CFDs	FP Markets offers CFD trading on a first-rate selection of financial markets, spanning stocks, major global indices, commodities, metals, cryptocurrencies, and bonds. With tight spreads, fast execution speeds, leverage up to 1:500 and top-tier liquidity, short-term traders get an efficient and seamless trading experience.
Leverage
1:500	1:30 (UK), 1:500 (Global)
FTSE Spread
From 0.0 pips	1.64
GBPUSD Spread
From 0.0 pips	1.9 average
Oil Spread
From 0.0 pips	0.04
Stocks Spread
NA	Variable
Forex Trading
Trade major and minor currency pairs 24/5	FP Markets stands out as an excellent option for forex traders, boasting a selection of over 70 currency pairs covering a wide range of currencies, especially since expanding its choice of exotics. With average spreads of just 0.1 on the EUR/USD in its Raw account, the broker provides competitive pricing for day traders.
GBPUSD Spread
From 0.0 pips	0.2
EURUSD Spread
From 0.0 pips	0.1
EURGBP Spread
From 0.0 pips	0.3
Assets
62	70+
Currency Indices
	USD
Cryptocurrency
Trade leading cryptos against the US Dollar	FP Markets supports CFDs on popular cryptos including Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin. Yet while you can speculate on price movements through CFDs, direct ownership of coins is not supported. FP Markets also doesn’t add up-and-coming tokens for crypto enthusiasts on the pulse.
Spread
From 0.0 pips	17.3 (Bitcoin)
Coins
BTC ETH LTC	ADA BCH BTC DOG DOT EOS ETH LNK LTC RPL SOL XLM
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review