Hero Markets Forex Broker

Hero Markets Review SummaryFounded2016Registered Country/RegionCyprusRegulationCYSEC (regulated), FSCA (exceeded)Market InstrumentsForex, commodities, indices, cryptos, shares, CFDsDemo Account✅LeverageUp to 1:2 (Crypto)EUR/USD Spread12Trading PlatformWebTraderMinimum Deposit€100Customer SupportFacebook, Instagram, LinkedInEmail: support@heromarkets.com (Sunday 22:00 - Friday 22:00 GMT) Hero Markets, founded in 2016 and registered in Cyprus, is a financial company regulated by the Cyprus Securities and Exchange Commission (CYSEC),but their FSCA license status is listed as exceeded. It offers diverse tradable instruments like forex, commodities, indices, cryptocurrencies, shares, and CFDs with a minimum deposit of €100.Moreover, trading is supported through its WebTrader.Pros and ConsPros Cons Regulated by CYSECExceeded FSCA licenseDemo accounts availableLimited customer support channelsA wide range of trading productsMT4 & MT5 unavailableNo fees for deposits/withdrawalsInactivity fee chargedIs Hero Markets Legit? Yes, Hero Markets is currently regulated by CYSEC, holding a Market Maker (MM) License,while its Financial Service Corporate license under the FSCA has been exceeded.Regulated CountryRegulated AuthorityRegulated EntityCurrent StatusLicense TypeLicense NumberCyprus Securities and Exchange Commission (CySEC)Trade Capital Markets (TCM) LtdRegulated Market Maker (MM)227/14Financial Sector Conduct Authority (FSCA)TRADE CAPITAL MARKETS (TCM) LTDExceeded Financial Service Corporate47857What Can I Trade on Hero Markets? On Hero Markets, you can trade with Forex, commodities, indices, cryptos, shares, and CFDs.Tradable Instruments Supported Forex✔CFDs✔Commodities✔Indices✔Cryptocurrencies✔Shares✔Bonds❌OptionsETFs❌Mutual Funds❌Leverage The maximum leverage for crypto is up to 1:2. This limited leverage is often in place due to the inherent volatility and risk associated with cryptocurrency trading.Spreads and Commissions The spread for EUR/USD is 12, and there is no commission. For more details, you can refer to their website and download the spreads overview.Fees The minimum deposit at Hero Markets is €100.According to their website, there are no other fees for live course data, account documentation fees, etc. But note that if there is no trading activity for more than 90 days, we charge a monthly fee. For inactive accounts over a period of more than 12 months, an annual inactivity fee will be charged.Trading PlatformTrading PlatformSupported Available Devices Suitable for WebTrader✔iOS, Android/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal Hero Markets supports payment methods through PayPal, NETELLER, Skrill, and VISA.And you will not be charged any deposit or withdrawal fees as they are covered by Hero Markets.