Hero FX-Overview of Minimum Deposit, Leverage, Spreads

General Information & Regulation

Hero FX, a trading name of Hero FX Ltd, is allegedly a suspicious regulated forex broker registered in the Virgin Islands that claims to provide its clients with over 200 tradable assets with leverage up to 1:500 and variable spreads from 0.01 pips on the industry-standard MetaTrader4 and MetaTrader5 trading platforms, as well as a choice of two different account types.

Market Instruments

Hero FX advertises that it offers more than 200 trading instruments in financial markets, including forex, cryptocurrencies and indices.

Account Types

There are two live trading accounts offered by Hero FX, namely Raw Spread and No Commission accounts. However, the broker didnt directly disclose any information about the minimum initial deposit amount to open an account on its official site.

Leverage

The maximum leverage ratio provided by Hero FX is much higher than most brokers, up to 1:500. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Hero FX states that the spread on the Raw Spread account is starting at as low as 0.01 pips, while the clients on the No Commission account experience spreads from 1.5 pips. As for commissions, the Raw Spread account will be levied the flat-rate commissions, while the No Commission account with zero commissions.

Trading Platform Available

When it comes to available trading platforms, Hero FX says to give traders the worlds best MetaTrader4 and MetaTrader5, as well as a trading platform called Tradingview, available on desktop, mobile and the Web. Anyway, we suggest you use MT4 or MT5 as the trading platform. MetaTrader is the most popular forex trading platform, which the traders praise for its stability and trustworthiness. It features sophisticated trading tools such as Expert Advisors, Algo trading, Complex indicators and Strategy tester. Metatrader created a marketplace with currently 10,000+ trading apps the traders can utilize to achieve better results. Both MT4 and MT5 have mobile Apps, trading can be done from anywhere and at any time through the right mobile terminals including iOS and Android devices.

Deposit & Withdrawal

Hero FX says to accept deposit and withdrawal payment methods via cryptocurrencies of Bitcoin and Tether. The minimum deposit requirement is said to be $50.

Customer Support

You can follow Hero FX on some social media platforms such as Facebook, Twitter and Instagram. Company address: Trident Chambers P. O. Box 146 Road Town, Tortola British Virgin Islands. However, this broker doesnt disclose other more direct contact information like telephone numbers or email that most brokers offer.