WikiFX Review: Can HeroFX be your "hero" in forex trading?

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