FxGecko's top 100 forex brokers you can refer to for selection. If it is not in the top 100, you should pay special attention to the broker's main white label relationships and risk tips.
Today, I want to help you evaluate a Forex broker. Recently, some investors asked forex broker Hankotrade has partnered with Fyntura, are they good?
Fyntura Review: Is Fyntura a legit or a scam?
According to the broker data on the FxGecko APP, Hankotrade, whose original company name was Hankotrade LLC, an unregulated forex broker, was renamed Hankotrade Global Markets Limited, and still does not have a valid forex trading license. This means that Hankotrade is unregulated and the safety of its clients' funds is not effectively protected, beware.
FxGecko risk warning shows that Hankotrade has 12 risks. Investors need to pay attention to the relevant risk alerts for this broker.
Hankotrade has 2 MT4 servers and 2 MT5 servers.
The master white label relationship shows that Hankotrade has 27 associated brokers. You need to pay attention to whether the associated brokers are running away. This is the business risk of the brokers and the past business history, which can be used as an important reference condition for selecting brokers. The broker relationship data comes from the data of MetaQuotes.
According to information provided by some clients, Hankotrade asked clients to transfer funds from Hankotrade to their new MT4 broker, Fyntura, but the clients were never able to withdraw their funds, which is a red flag to be vigilant!
Investing is risky. FxGecko recommends you to check broker information on FxGecko before investing and avoid high risk trading platforms.
Reminder 1: The trading market is full of uncertainty, do not blindly pursue high returns. And always be cautious when you come across investment opportunities that promise high returns with little or no risk. These are likely to be scams.
Reminder 2: Don't trust individuals or organisations who claim to be able to get your money back - they may be selling hope and scamming you again. This is especially true if they ask you to pay in advance, which is a "recovery scam".
If you've been scammed, your best option is to gather evidence and report it to your local police and law enforcement as soon as possible.
In the meantime, you can also file a complaint on the FxGecko website or app, where staff will further expose the scam to alert others not to be scammed.
You can check the regulatory licenses, security scores, customer complaints and other information about global trading platforms at FxGecko to avoid any potential scams.
Click here to recognize common investment trading scams to avoid being scammed.
Click here to see how to check if a broker is safe and what to do if you encounter a scam broker.
