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Hankotrade regulation: what happens if the firm fails
The licence is what decides where your money sits and who is obliged to do something about it. Here is who licenses Hankotrade and what the protections are.
Facts last checked . Read the full Hankotrade review.
Regulation and safety
- Regulation
- Unregulated
- Regulator tier
- Unregulated
- Register entry
- No financial-services regulator register identified
- Client money segregated
- Not publicly confirmed
- Held at
- Not disclosed
- Negative balance protection
- Yes
- Compensation scheme
- None
- Audited by
- Not publicly disclosed
- Not available to
- Sanctioned/prohibited jurisdictions and jurisdictions where services would violate local law
What this means
The licence is what decides where your money sits and who is obliged to do something about it.
Hankotrade is not regulated by any financial authority. That means there is no regulator's register to check it against, and none of the client money and compensation rules a licence brings.
Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.
No compensation scheme covers this entity. If the firm fails owing you money there is no statutory fund to claim against, and what you get back depends entirely on what administrators recover.
Questions about Hankotrade regulation
Is client money segregated at Hankotrade?
Client money segregation at Hankotrade is recorded as: Not publicly confirmed.
Does Hankotrade offer negative balance protection?
Yes. Hankotrade offers negative balance protection, so a losing position cannot leave you owing the broker more than your account held.
Is there a compensation scheme at Hankotrade?
Hankotrade's compensation scheme is recorded as: None. A scheme covers the broker failing, not losses on your trades.