Red Flags
18
Hankotrade
Hankotrade’s attempts to hide negative reviews raise serious questions about its legitimacy and trustworthiness.
Quick summary on Hankotrade
Hankotrade, an offshore forex and CFD broker, has been the subject of numerous complaints from traders. Despite offering competitive spreads and advanced tools, the company faces accusations of withdrawal issues, account manipulation, and poor customer service. Operating in an offshore jurisdiction, it raises concerns about its regulatory oversight and financial security.
Fake Copyright Takedown Notices
Hankotrade has been accused of using fraudulent DMCA takedown notices to remove negative reviews and articles from search engines like Google. A reputation management agency appears to have created fake news websites to claim copyright ownership over critical content, hoping to have it removed from online platforms.
Concerns Raised by Traders
Reports from platforms like Myfxbook indicate that Hankotrade has faced backlash for long withdrawal delays, manipulation of trading accounts, and poor customer support. These issues, combined with its offshore registration, suggest that traders should be cautious before engaging with the broker.
Legal and Ethical Implications
Hankotrade’s actions raise questions about its ethical standards and business practices. The use of fake DMCA notices to suppress unfavorable content could have serious legal consequences. The company may be implicated in a larger reputation laundering scheme, which is commonly employed by businesses with questionable histories.
Traders are advised to proceed with caution when considering Hankotrade. While it markets itself as a competitive broker, its reputation for hiding critical feedback and negative reviews indicates a need for further scrutiny.
Country: Hankotrade operates out of an offshore jurisdiction.
Intel Reports
by: Miles Gilbert
Operating from an offshore jurisdiction means Hankotrade is free to ignore regulations that protect traders. Without proper oversight, your money could be at serious risk.
Cons
by: Leo Chapman
Account manipulation allegations are everywhere. Hankotrade’s system appears designed to benefit the broker, not the trader. If you’re not making money, they sure are.
by: Stella Warren
Despite offering competitive spreads, Hankotrade’s withdrawal delays are notorious. Traders are left waiting for their money, while the broker seems in no rush to process requests. This is not just a poor service it’s a red flag.
by: Henry Barnes
Hankotrade’s use of fake DMCA takedown notices to remove negative reviews is nothing short of a scandal. It’s not reputation management it’s an attempt to cover up the truth.
by: Mason Delaney
Hankotrade manipulates trades and stops out profitable positions $15,000 gone in an instant with no explanation!
by: Madison Walsh
Hankotrade’s platform conveniently glitched right before I was about to cash out my profits now my account is wiped!
by: Lucas Higgins
I deposited $20,000 with Hankotrade, and now my withdrawals are mysteriously under review for weeks this feels like a scam!
by: Shawn Bennett
If you're looking for a broker, go with one that’s actually regulated. Offshore brokers like this exist for a reason to avoid accountability..!!
by: Deborah Carter
A legit company doesn’t need to fake DMCA notices to hide bad reviews. If they put as much effort into being honest as they do into covering up the truth, maybe they wouldn’t have so many complaints.
by: Kristen Lee
If a broker needs to delete negative reviews instead of fixing their issues, you already know something’s shady..!!!
by: Peter Price
A legit company doesn’t need to fake DMCA notices to hide bad reviews. If they put as much effort into being honest as they do into covering up the truth, maybe they wouldn’t have so many complaints.
by: Vanessa Mason
Tried to withdraw my funds, and suddenly my account had “technical issues.” Took weeks to get a response, and even then, they kept making excuses. Feels like they hold on to your money as long as possible, hoping you’ll give...