Hero Markets Review - Does This Broker Offer MT4 & MT5? - WikiFX

Hero Markets, founded in 2016 and registered in Cyprus, is a financial company regulated by the Cyprus Securities and Exchange Commission (CYSEC),but their FSCA license status is listed as exceeded. It offers diverse tradable instruments like forex, commodities, indices, cryptocurrencies, shares, and CFDs with a minimum deposit of €100.Moreover, trading is supported through its WebTrader.

Pros and Cons

Is Hero Markets Legit?

Yes, Hero Markets is currently regulated by CYSEC, holding a Market Maker (MM) License,while its Financial Service Corporate license under the FSCA has been exceeded.

Regulated Country	Regulated Authority	Regulated Entity	Current Status	License Type	License Number
	Cyprus Securities and Exchange Commission (CySEC)	Trade Capital Markets (TCM) Ltd	Regulated	Market Maker (MM)	227/14
	Financial Sector Conduct Authority (FSCA)	TRADE CAPITAL MARKETS (TCM) LTD	Exceeded	Financial Service Corporate	47857

What Can I Trade on Hero Markets?

On Hero Markets, you can trade with Forex, commodities, indices, cryptos, shares, and CFDs.

Leverage

The maximum leverage for crypto is up to 1:2. This limited leverage is often in place due to the inherent volatility and risk associated with cryptocurrency trading.

Spreads and Commissions

The spread for EUR/USD is 12, and there is no commission. For more details, you can refer to their website and download the spreads overview.

Fees

The minimum deposit at Hero Markets is €100.According to their website, there are no other fees for live course data, account documentation fees, etc.

But note that if there is no trading activity for more than 90 days, we charge a monthly fee.

For inactive accounts over a period of more than 12 months, an annual inactivity fee will be charged.

Trading Platform

Deposit and Withdrawal

Hero Markets supports payment methods through PayPal, NETELLER, Skrill, and VISA.And you will not be charged any deposit or withdrawal fees as they are covered by Hero Markets.