Hankotrade Review

Understanding Hankotrade’s Pricing for Vietnam

Vietnam’s trading community has become far more selective about where it trades and how much those trades cost. Local traders pay closer attention to spreads, commissions, and overnight charges, mainly because offshore brokers target the region with high-leverage offers.

Hankotrade markets itself as a low-cost option with tight spreads and competitive trading fees. Understanding how those fees are charged helps you decide whether the pricing works in your favour or won’t be worth it long-term.

Hankotrade Trading Fees

Hankotrade’s fee structure includes spreads, commissions, and overnight charges.

STP accounts don’t have commissions but charge wider spreads, while ECN and ECN Plus accounts reduce spreads and charge a flat commission per trade.

All accounts offer leverage up to 1:500 and access to the same instruments, from forex to crypto.

How much are the spreads?

Hankotrade uses variable spreads that differ by account type. The tighter the spread, the higher the minimum deposit required.

Spreads also depend on the instrument being traded.

Overall, lower spreads on ECN accounts benefit Vietnamese traders who trade frequently or scalp smaller positions.

★★★★

Minimum Deposit: $10 Regulated by: Not Regulated Leverage: Up to 1:500

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Commission fees with Hankotrade

Hankotrade applies commissions only on its ECN and ECN Plus accounts. Both account types use a “per side” model, meaning you are charged a set fee when you open a trade and the same fee again when you close it.

• ECN Account: $2 per side for every $100,000 traded
• ECN Plus Account: $1 per side for every $100,000 traded

You open a 1-lot EUR/USD trade under each account type:

A standard lot in forex trading equals 100,000 units of the base currency. If you trade one standard lot of EUR/USD (worth 100,000 euros), Hankotrade’s system calculates the commission in USD because that’s the account currency.

Considering this, here is an example:

You open a 1-lot EUR/USD trade under each account type:

If you open half a lot (0.5 lot, or 50,000 units), the commission is halved accordingly.

For a 0.5-lot trade on ECN, you’d pay:

• $1 when opening
• $1 when closing
• = $2 total round-trip commission

For a 0.5-lot trade on ECN Plus, you’d pay:

• $0.50 when opening
• $0.50 when closing
• = $1 total round-trip commission

These charges are automatically deducted when trades are executed, and you’ll see them reflected in your trade history rather than as a separate invoice.

This model can scale quickly for Vietnamese traders. For example, opening five standard lots on the ECN account would cost a total of $20 in commissions, while the same position on ECN Plus would cost $10.

What happens to overnight positions after market close?

Positions held open past market close are charged or credited daily swap rates. Hankotrade calculates these rates based on trade size and the interest rate differential between currencies or assets.

Traders using swap-free (Islamic) accounts are exempt from overnight interest. Instead, Hankotrade applies fixed administrative charges after two days, depending on the instrument.

Islamic Account Admin Fees

Hankotrade replaces interest swaps with a fixed admin charge measured in “points” on Swap-Free Accounts. Each point represents a fractional value of the instrument’s price movement.

The longer a trade remains open beyond the two days, the greater the deduction.

Here are the admin fees on instruments:

Admin fees apply once your trade remains open after the grace period has expired. If Vietnamese traders hold positions for the long term, they must check the schedule to see which symbols attract higher deductions.

What is the commission structure at Hankotrade? 

Commissions are free for STP accounts, $2 per side per $100,000 traded for ECN accounts, and $1 per side per $100,000 traded for ECN Plus accounts. 

What are the spreads for each account type? 

Spreads commence at 0.7 for STP and 0 for ECN and ECN Plus.