Hankotrade was previously verified as being registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. However, upon re-checking, we found that the FSA had cancelled the registration. Furthermore, the SVG FSA has publicly stated that it neither regulates nor licences forex trading activities. Additionally, Hankotrade does not claim to be supervised or authorised by any other major regulator, which poses a potential risk to its investors. All of the above indicates that Hankotrade may be illegitimate.