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HeroFX is a forex broker located in Saint Lucia, regulated by the Financial Services Regulatory Authority (FSRA).
HeroFX accepts clients from all over the world, excluding most OFAC and FATF sanctioned countries.
Forex broker offers the following underlying assets for trading.
| 70+ Currency Pairs | Based on major and minor world currencies. |
| 12 Crypto Pairs | Based on Bitcoin, Bitcoin Cash, Ethereum, Cardano, OMG, Litecoin, Stellar, Monero, Doge, Zcash. |
| 9 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 8 Metal CFDs | Based on Gold, Silver, Platinum, Palladium and Copper. |
| 3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
| 50+ Stock CFDs | Based on shares of highly capitalized US companies. |
Registered in St. Lucia and operational from 2022, HeroFX is an offshore forex broker that offers very high trading leverage of up to 1:500, and the option to fund trading accounts with crypto. The broker accepts clients from most countries in the world, with the notable exception of the US and Sweden.
The broker stands out from many others by being mainly reliant on crypto for deposits and withdrawals, using either Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Polkadot (DOT), BNB, Tron (TRX), Polygon (MATIC), or the stablecoins Tether (USDT) and USD Coin (USDC). The minimum amount for crypto deposits is $5.
Other than crypto, trading accounts can also be funded with fiat by using Apple Pay, Google Pay, and debit cards like Visa and MasterCard. The minimum amount for fiat deposits is $30.
One thing we like about HeroFX is the wide selection of trading instruments available here. This includes 12 unique crypto pairs, stocks of more than 50 large-cap US companies, well over 70 forex pairs, as well as a pretty standard selection of stock indices and commodities.
In terms of trading platforms, HeroFX has chosen to offer its own well-designed platform called TradeLocker. The platform incorporates charts from the popular TradingView platform, and should therefore be easy to use for most traders. The trading platform exists in a downloadable desktop version for Windows and Mac computers, a web version, and as mobile apps for Apple and Android devices.
In addition to TradeLocker, HeroFX also supports trading on the well-known MetaTrader 5 (MT5) platform for those who prefer that.
Like most forex brokers, HeroFX offers its clients the choice between trading accounts with small spreads and commissions on trades, and accounts with larger spreads and no commissions on trades. With HeroFX, these account types are simply known as the RAW Spread account, the Zero Commission account, and the more flexible Hero10X account. All of the account types support the full range of instruments offered by the broker, and are available for a minimum deposit of just $5.
In addition, HeroFX also offers a swap-free Islamic account for Muslim traders with commission-based trading and otherwise similar trading conditions as the other trading accounts.
In case of any issues during the sign-up process or later during trading, HeroFX's customer support can be reached from within the trading platform interface via a support ticket system. The broker promises on its website that support is available 24/7, but unfortunately they have not listed any phone number for clients to use. It's also worth noting that the broker is one of just a few that we have seen with no live chat option available on its website.
In conclusion, we see HeroFX as a forex broker with a great potential, especially for native crypto users who want to be able to fund their forex trading account with crypto. We also believe this broker has earned some credibility given that it now has a track record as a successful company dating back to 2022.
One of the areas the broker should focus on improving is to offer even better spreads and commission fees. In addition, we would like to see an overhaul of the content on the website to make the information there clearer for everyone, including information about how to reach live customer support.
These people stole my deposit. It's been 20 hours. No customer service. I switch to this platform without reading up on it. They say they can't find my money, but the blockchain says my deposit got processed.
