NewsWikiFX Review: Is Hankotrade an Attractive Broker Or Just Another Scam?
Hankotrade is a forex broker offering a series of financial instruments to its clients. Is this broker OK to invest in? WikiFX intends to tell you more about this broker that you may not know before.
NewsBANKS CURB FX ACCESS AS RESERVES FALL TO A SEVEN-MONTH LOW
The country's external reserves fell to $38.57 in billion as of May 25, 2022, a seven-month low, according to information acquired from the Central Bank of Nigeria. According to results, as scarcity bites deeper, the country's external reserves necessary to safeguard the naira's value are pushing banks to restrict access to foreign currency to visitors and other authorized users.
NewsGuide on how to trade bullions in the forex market today
Bullions refer to highly volatile pairs such as Gold and Silver. Given the fact that the US dollar has been pegged against these two pairs, any trader who wants to make profits while trading the bullions will have to pay close attention to the dollar index. This is because the bullions move in opposite directions to the US dollar. A strong dollar index will impact the Bullions negatively and vice-versa.
NewsWikiFX report: Hankotrade News
Clearly, Hankotrade accomplished none of the above, and could not even be considered a broker, but rather a foreign exchange market con. If Hankotrade offers more leverage than this, it's a sign that it's a possible con. Hankotrade is more likely to be a fraud if it requires a higher-than-average sum. A legitimate broker will usually ask around $5 to $10 in exchange for their services.