Hero FX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-28 18:19

Abstract：Hero FX is a forex and CFD broker that offers trading services on over 200 financial instruments including forex, indices, commodities, and cryptocurrencies. The company operates with raw spreads starting from 0.01 pips on its RAW SPREAD account, and offers leverage up to 1:500. It accepts multiple deposit methods including Bitcoin, Ethereum, and USDT, and provides customer support 24/7 via email and phone. However, the company does not offer any educational resources for traders. Hero FX is registered in the British Virgin Islands and operates under no regulations.

HeroFX Review Summary
Founded	2023
Registered Country/Region	Saint Lucia
Regulation	Not regulated
Market Instruments	Forex, Commodities, Indices, Stocks, Futures, Cryptos
Demo Account	✔
Trading Platform	HeroFX Pro (Desktop, Web, Mobile)
Min Deposit	$30
Customer Support	Phone: Not availableEmail: support@herofx.co24/7 Online Chat: YesPhysical Address: Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros Islet, Saint Lucia

HeroFX Information

　　HeroFX is a Saint Lucia based broker offering Forex, cryptocurrencies, equities, commodities, and indices. Set for 2023, it provides traders ECN access, zero commission options, and raw spreads. The website provides many account types, including Islamic ones and has advanced tools for all trading strategies.

Pros and Cons

Pros	Cons
Offering many account types	Unregulated
Low minimum deposit of $30	No phone support
Demo account provided

Is HeroFX Legit?

　　HeroFX is an unregulated platform.

What Can I Trade on HeroFX?

　　HeroFX offers Forex(Majors,Minors,Exotics), stocks, commodities, indices, cryptocurrencies and futures.

Tradable Instruments	Supported
Forex(Majors,Minors,Exotics)	✔
Commodities	✔
Indices	✔
Shares	✔
Cryptocurrencies	✔
Futures	✔
ETFs	❌
Bonds	❌

Account Types

　　HeroFX provides 4 types of trading accounts, including an Islamic option.

　　Also, a demo account is available.

Account Type	100% Bonus	Zero Commission	Raw Spread	Islamic Account
Key Features	100% bonus up to $25,000	Low Spreads (Starting at 1.5 pips)	RAW Spreads (Starting at 0.00 pips)	RAW Spreads (Starting at 0.01 pips)
	RAW Spreads (Starting at 0.00 pips)	0 Commissions	Flat rate Commissions	Flat rate Commissions
	Flat rate Commissions	Hedging Enabled	Hedging Enabled	Hedging Enabled
	Hedging Enabled	EA Enabled	EA Enabled	EA Enabled
	EA Enabled	All Pairs	All Pairs	No Swap / Interest Adjustments
	All Pairs

HeroFX Fees

　　HeroFX provides a range of spreads and commissions depending on the account type:

Account Type	Spreads	Commissions	Features
100% Bonus	RAW (Starting at 0.00)	Flat rate commissions	Includes hedging, EA enabled, and all pairs
Zero Commission	Low (Starting at 1.5)	Zero	Includes hedging, EA enabled, and all pairs
Raw Spread	RAW (Starting at 0.00)	Flat rate commissions	Includes hedging, EA enabled, and all pairs
Islamic Account	RAW (Starting at 0.01)	Flat rate commissions	No swap/interest adjustments; all pairs

Trading Platform

Trading Platform	Supported	Available Devices	Suitable For
HeroFX Pro	✔	Desktop, Web, Mobile	All traders
MT4	❌		Beginners
MT5	❌		Beginners

Deposit and Withdrawal

　　HeroFX does not charge deposit or withdrawal fees, with a minimum deposit of $30.

Deposit Options	Min. Deposit	Fees	Processing Time
Third-Party pay app(Cash App, Apple Pay, Google Pay)	not mentioned	$0	not mentioned
Credit/Debit Card	not mentioned	$0	Instant
Cryptocurrency(Bitcoin, Ethereum, USDT, USDC)	From $30 to $250	$0	Instant