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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. |
| 25+ Crypto Pairs | Based on Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Ripple, Zcash, BNB, Cardano, EOS, OmiseGO, Dash, Metaverse ETP, Santiment Network, Iota, Stellar, Monero, Tron, Qtum and others. |
| 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. |
| 4 Soft CFDs | Based on Cocoa, Coffee, Cotton, Sugar. |
| 50+ Stock CFDs | Based on shares of highly capitalized US companies. |
Registered in St. Lucia and operational from 2022, HeroFX is a new 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 stands out from many others by being mainly reliant on crypto for deposits and withdrawals, using either Bitcoin (BTC) or the stablecoin Tether (USDT) over the Ethereum network (as an ERC-20 token transfer).
Other than crypto, trading accounts can also be funded by using Apple Pay or Google Pay, Visa, MasterCard, and Cash App (in the US & UK), offering several convenient options for HeroFX users.
One thing we like about HeroFX is the wide selection of trading instruments available here. This includes 30 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 the HeroFX Pro Platform. The platform incorporates charting and technical analysis tools similar to what can be found on popular charts like TradingView, and should therefore be easy to use for most traders. The trading platform exists in a downloadable desktop version, a web version, and as a mobile app. Update: Since October 2024, HeroFX also offers the TradeLocker trading platform.
Like most forex brokers, HeroFX offers its clients the choice between a trading account with small spreads and commissions on trades, and a trading account with larger spreads and no commissions on trades. With HeroFX, these account types are simply known as the RAW Spread account and the No Commission account. Both of the account types support the full range of instruments offered by the broker, and are available for a minimum deposit of just USD 20.
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. However, given how new this broker is, we also think it has yet to prove itself.
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. The way the website appears at the moment, it is clear that it has been written by people with little understanding of trading, and the information provided is therefore - for the most part - not useful.
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.
