HERO broker Accounts

hero Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

hero Account Types Explained

Hero offers a variety of account types to cater to different trading needs and preferences. Below is a detailed overview of each account type available.

1. Hero10X Account

• Minimum Deposit Requirement: $50
• Spread/Commission Structure: No profit splits; keep 100% of profits.
• Leverage Options: Up to 1:500
• Key Features:
• Instant capital boost (10X your deposit).
• Withdraw profits anytime.
• Static drawdown of 10%.
• Target User Profile: Intermediate to advanced traders looking for high leverage and capital.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

2. Zero Commission Account

• Minimum Deposit Requirement: $5
• Spread/Commission Structure: Low spreads starting at 1.00 pips; zero commissions.
• Leverage Options: Up to 1:500
• Key Features:
• Access to 170+ trading symbols.
• Suitable for automated trading with Expert Advisors.
• Target User Profile: Beginner to intermediate traders who prefer lower costs.
• Trading Instruments Available: Forex, commodities, indices.

3. Raw Spread Account

• Minimum Deposit Requirement: $5
• Spread/Commission Structure: Raw spreads starting at 0.40 pips; commissions starting at $1 per lot.
• Leverage Options: Up to 1:500
• Key Features:
• Institutional-grade pricing.
• Ideal for high-frequency traders.
• Target User Profile: Advanced traders seeking tight spreads.
• Trading Instruments Available: Forex, commodities, indices.

4. Islamic Account

• Minimum Deposit Requirement: $5
• Spread/Commission Structure: Similar to other accounts, with no swap/interest adjustments.
• Leverage Options: Up to 1:500
• Key Features:
• Complies with Islamic finance principles.
• No overnight interest charges.
• Target User Profile: Muslim traders looking for Sharia-compliant trading options.
• Trading Instruments Available: Forex, commodities, indices.

5. 100% Bonus Account

• Minimum Deposit Requirement: Not specified.
• Spread/Commission Structure: Low spreads starting at 0.01 pips; commissions starting at $1 per lot.
• Leverage Options: Up to 1:500
• Key Features:
• Enjoy institutional-grade pricing.
• Bonus on deposit enhances trading capital.
• Target User Profile: Traders looking to maximize their initial investment.
• Trading Instruments Available: Limited to specific symbols.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginner: Zero Commission Account
• Intermediate: Hero10X Account
• Advanced: Raw Spread Account
• Islamic Compliance: Islamic Account

Detailed hero Account Features

Comparison of Features Across Different Account Types

Advantages of Each Account Type

• Hero10X Account:
• Instant capital boost.
• No profit sharing.
• Flexible withdrawal options.
• Zero Commission Account:
• Low entry cost.
• No commissions on trades.
• Wide range of instruments.
• Raw Spread Account:
• Tight spreads for cost-effective trading.
• Suitable for scalping and high-frequency trading.
• Islamic Account:
• Complies with Islamic finance rules.
• No overnight interest.
• 100% Bonus Account:
• Enhanced trading capital.
• Attractive for new traders.

Disadvantages of Each Account Type

• Hero10X Account:
• Higher risk due to leverage.
• Zero Commission Account:
• Higher spreads compared to raw spread accounts.
• Raw Spread Account:
• Commission fees may add up for frequent traders.
• Islamic Account:
• Limited to specific trading conditions.
• 100% Bonus Account:
• Terms and conditions may apply to bonus withdrawals.

hero Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Some countries may be prohibited; check with the broker.
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.
• Identity Verification Documents Needed:
• Government-issued ID (passport, driver's license).
• Proof of address (utility bill, bank statement).
• Proof of Residence Requirements: Recent documents showing your name and address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• All accounts must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• This includes verification of identity and source of funds.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of submitted documents.

Step-by-Step hero Account Opening Guide

Detailed Registration Process

1. Visit Website: Go to the Hero trading platform website.
2. Click Registration: Locate and click the "Open Account" or "Register" button.
3. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
4. Choose Account Type: Select the account type that suits your trading needs.
5. Set Trading Preferences: Specify your trading preferences, such as leverage and trading instruments.
6. Document Upload: Upload the required identity verification documents.
7. Account Verification: Wait for the broker to verify your account.
8. Fund Your Account: Once verified, deposit funds into your trading account.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with mobile offering a more streamlined experience.

Common Registration Issues and Solutions

• Issue: Document upload failures.

  Solution: Ensure documents are clear and meet the size requirements.

• Issue: Email verification not received.

  Solution: Check spam/junk folders and ensure the correct email was provided.

Average Account Approval Time

• Typically, account approval takes between 1 to 3 business days.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type.

hero Demo Account Guide

Demo Account Features and Benefits

• Features: Access to the same trading platform and tools as live accounts.
• Benefits: Practice trading without financial risk, test strategies, and familiarize yourself with the platform.

How to Open a Demo Account

• Follow the same registration process and select the demo account option.

Demo Account Limitations

• Limited to virtual funds; may have time restrictions for usage.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $10,000 or more.

Demo vs Live Account Differences

• Demo accounts do not involve real money; live accounts require actual funds and involve real trading risks.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for a specified period, often 30 days, after which they may expire unless extended.

hero Islamic Account Details

Swap-Free/Islamic Account Availability

• Hero offers Islamic accounts that comply with Sharia law, meaning no interest is charged or paid.

Eligibility Requirements

• Must be a practicing Muslim to qualify for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for long-term trading.

How to Apply for Islamic Account

• During the registration process, select the Islamic account option and provide necessary documentation.

Restrictions or Special Conditions

• May have specific trading conditions or limitations compared to standard accounts.

FAQs – hero Account Types & Opening

1. What account types does hero offer？

• Hero offers Hero10X, Zero Commission, Raw Spread, Islamic, and 100% Bonus accounts.

1. What is the minimum deposit for each account type？

• Hero10X: $50, Zero Commission: $5, Raw Spread: $5, Islamic: $5, 100% Bonus: Not specified.

1. How long does hero account verification take？

• Verification typically takes 1-3 business days.

1. Does hero offer demo accounts？

• Yes, hero provides demo accounts for practice trading.

1. Can I have multiple account types with hero？

• Yes, you can have multiple account types, but check with customer support for specific policies.

1. Does hero offer Islamic/swap-free accounts？

• Yes, hero offers Islamic accounts that comply with Sharia law.

1. What documents do I need to open a hero account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to change your account type through customer support.