简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract：HeroFX is an online forex broker offering a series of financial instruments. However, due to the recent exposures, the reliability of HeroFX is suspicious. Therefore, WikiFX made a comprehensive review of this broker so that we can go deep into the details of this broker.
About Hero FX
Registered in the Virgin Islands, Hero FX is an online forex broker that is newly established. It claims to provide its clients with more than 200 tradable assets, including forex, cryptocurrencies, and indices. The physical address of this broker is Trident Chambers P.O. Box 146 Road Town, Tortola British Virgin Islands.
Account Types&Minimum Deposit
HeroFX offers two different accounts for traders to choose from: Raw Spread account and No Commission account.
Leverage
This broker offers leverage of up to 1:500. Which is considerably high. Please note that a high leverage ratio can amplify the benefits as well as the loss. Newbies and inexperienced traders need to be aware of the potential risks.
Spreads & Commissions
Hero FX advertises 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 flat-rate commissions, while the No Commission account with zero commissions.
Trading Platform
According to HeroFXs website, HeroFX uses the MT4 and MT5 platforms as its main trading platforms. In addition, Hero uses a trading platform called Tradingview which is available on desktop, mobile, and the web.
Deposit & Withdrawal
Hero FX claimed 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 emails that most brokers offer.
Regulation: Is this broker legit？
No, HeroFX is not regulated by any regulatory authority according to the investigation of WikiFX. WikiFX has marked this broker as a “No License Broker”. Regulation is one of the fundamental standards to justify the reliability of a forex broker. Since HeroFX is an unregulated broker, investing in this broker may cause catastrophic financial loss as no one can hold it accountable if something goes wrong.
Exposures
As of 24th October 2022, WikiFX received multiple complaints against this broker within three months.
If you are interested in scamming Hero FX involved, you can check this article via this link
https://www.wikifx.com/en/newsdetail/202210191764383908.html
HeroFX on Twitter
Conclusion
Hero FX is not a wise choice for traders who want to enhance their trading results. Since its regulation status is suspicious. We advise you to seek a reliable alternative. WikiFX contains details of more than 39,000 global forex brokers, which gives you a huge advantage when seeking the best forex brokers. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP for free through this link below (https://www.wikifx.com/en/download.html). Running well in both the Android and IOS systems, the WikiFX APP offers you the easiest and most convenient way to seek the brokers you are curious about.
Click on Hero FX' WikiFX page for details
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
You are likely here because you are considering trading with 9X markets, but their very recent launch date has you worried about the safety of your funds. You are right to be cautious.
If you are considering depositing funds with MYFX Markets, you need to pause and read this safety review immediately. While many brokers operate with high standards of transparency, our analysis of the data suggests MYFX Markets poses significant risks to retail investors.
9Cents (established 2024) presents the risk profile of a newly formed, unsupervised financial entity. Despite utilizing the reputable MT5 trading infrastructure, the broker operates without effective regulatory oversight and has already accrued serious allegations regarding fund safety. 9Cents is classified as a High-Risk Platform, primarily due to the discord between its high minimum deposit requirements for competitive accounts and its lack of legal accountability or capital protection schemes.
Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), has issued a public warning against CoinCola, adding the platform to its Alert List of suspicious virtual asset trading platforms (VATPs). According to the SFC, CoinCola operates through the website and is suspected of conducting unlicensed virtual asset activities while appearing to target or operate in Hong Kong.
WikiFXWikiFXWikiFXWikiFXWikiFXWikiFXWikiFXWikiFXWikiFX
