Company Profile
Company Profile
Review summary
| 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 |
Greer
India
Hero FX is a scam broker. Every time there’s news or any type of press release on any type of tradable asset, commodity Forex index, money, any type of currency any news the MT5 Or MT4 version of hero FX that they offer always freezes every time News is about to release hero FX is a scam they don’t let you trade news and if you’re trying to trade me, you will f u over because it will freeze on you and you can’t get out of the trade I hate this company I lost over $2000 trading on their platform because I was trading How do you say promoting hero FX? They’re all getting paid for it so hero FX can make their money back and scam all of these innocence treaters and get all of your retail traders money so don’t fall for any of 4X gurus on YouTube selling courses all of these promotional money.
Exposure
RealHopeFX
South Korea
they payment fee is 40$ and 5% payment. they take my 120$ for payment
Exposure
RealHopeFX
South Korea
$40 fee for both deposit/withdrawals fee and add a total of 5% payment
Exposure
FX3969170172
United States
I've had a great experience with hero. Don't fall for this nonsense posted on here. 10x accounts are awesome! Raw spread accounts unmatched! (negative spread conditions) Not regulated? Thank you! I want a broker that gives me opportunities to trade like everyone else in the world gets the opportunities. Everyone knows "regulation" is just an expensive rubber stamp to market directly to clients in a specific jurisdiction. Regulated companies fail all the time. Google much? There are no deposit fees on crypto unless your exchange charges you a fee or if you use the debit/apple/gpay option and that's not hero charging the fee. Min deposit is $5. Withdraws are always almost in my wallet inside the hour. Most often under 15 mins. Support team is actually incredible, and the AI tool is the best for instant inquiry. Anyways, maybe that helps someone who's naive and buys the BS on here. 10/10 going on multiple years trading with Hero. Grateful! Test for yourself!
Positive
Sosaiza
Japan
Hey, I gotta say, Hero FX is pretty impressive when it comes to market instruments and getting started. With a wide range of options to trade and a minimum initial deposit that's pretty reasonable, it's a great platform for both beginners and experienced traders alike. Plus, the interface is user-friendly and the platform's overall reliability is top-notch. Definitely worth checking out!
Positive
Chen Miyagi
Singapore
Hero FX offers a great selection of cryptocurrencies to trade. Exactly what I was looking for!
Positive
ᴀʜ тοяиɢ
Russia
Absolutely loving❤ Hero FX for its swift transaction times! I've been trading there for a while, and I'm impressed by how quickly⚡ they handle withdrawals—often on the same day. The platform itself is straightforward, making it easy to navigate even for someone like me who isn't a tech wizard. A solid choice for traders who value efficiency and simplicity.
Positive
FX9832716632
United States
I used Herofx from August 2023 to December 31 2023. As a US client if I had to choose an unregulated broker it would be Herofx. They stopped taking US clients recently and I had an account before that so they said I wouldnt be affected. Theres always a possibility that something unfavorable happens and they use this as ammo for an argument. I dont like being at such a disadvantage to my broker so I decided to withdraw 3 days ago. My deposits were in Eth and they were always in my trading account within minutes. Withdrawals are the important part. I had a total of $3500 in deposits and $288 in withdrawals. Was the ease of withdrawal due to me losing money overall? Thats something I cant confidently answer. My withdrawal took 3 days through Eth and I received $269 from my $288 total, 8% lost. Herofx decided to update their servers and CRM and this update locked everyone out of their trading accounts from Dec 7 to Dec 29. After 22 days and no communication even after they resumed servers, I messaged support because I couldnt sign in to my old trading account on mobile but I could on PC. Seems like they were using a loophole in the Metatrader licensing that doesnt accept unregulated brokers anymore. All around too sketchy for me. Raw spreads account had less than 1 pip on forex pairs and 0.6-3 pips on gold. The commissions are very high though at $16 per lot. Too high 2 stars based on high commissions and fees, sketchy business events, no regulators, and slow withdrawals.
Neutral
Dreams come True
Portugal
Hero FX is my go-to broker for its competitive pricing and fast execution. The raw spreads starting at 0.01 pips and the option for zero commission trading suit my preferences. The support for both MT4 and MT5 is convenient, although I hope they introduce more platform options in the future.
Neutral
kinkill
Argentina
Hero FX is my preferred trading platform with its extensive range of trading instruments, including forex, stocks, and cryptocurrencies. The low minimum initial deposit of $20 and high leverage of 1:500 make it accessible for all types of traders. The choice of depositing in cryptocurrencies is a plus, offering flexibility. The 24/7 customer support is responsive via email and phone. However, I wish they provided more educational resources for beginners to enhance their trading skills.
Neutral
WaqarKhan
Pakistan
You stop on 9-10-2022 That's your big scam No Regulatory No License
Exposure