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Hero FX Forex Broker provides real users with 3 positive reviews, 3 neutral reviews and 3 exposure review!

Hero FX Broker Review

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Hero FX Review 9

Latest All(9) Positive(3) Neutral(3) Exposure(3)
Positive
Hero FX: Market Mastery Made Easy for Traders of All Levels

Hey, I gotta say, Hero FX is pretty impressive when it comes to market instruments and getting started. With a wide range of options to trade and a minimum initial deposit that's pretty reasonable, it's a great platform for both beginners and experienced traders alike. Plus, the interface is user-friendly and the platform's overall reliability is top-notch. Definitely worth checking out!

Sosaiza
2024-07-09
Positive
Hero FX: Unleash Your Trading Potential with Diverse Cryptocurrencies

Hero FX offers a great selection of cryptocurrencies to trade. Exactly what I was looking for!

Chen Miyagi
2024-06-27
Positive
Hero FX: Swift Trades, Same-Day Withdrawals, Trader's Delight

Absolutely loving❤ Hero FX for its swift transaction times! I've been trading there for a while, and I'm impressed by how quickly⚡ they handle withdrawals—often on the same day. The platform itself is straightforward, making it easy to navigate even for someone like me who isn't a tech wizard. A solid choice for traders who value efficiency and simplicity.

ᴀʜ тοяиɢ
2024-06-21
Neutral
Unregulated Broker Herofx: Funds Withdrawal Woes & Suspicious Practices Exposed

I used Herofx from August 2023 to December 31 2023. As a US client if I had to choose an unregulated broker it would be Herofx. They stopped taking US clients recently and I had an account before that so they said I wouldnt be affected. Theres always a possibility that something unfavorable happens and they use this as ammo for an argument. I dont like being at such a disadvantage to my broker so I decided to withdraw 3 days ago. My deposits were in Eth and they were always in my trading account within minutes. Withdrawals are the important part. I had a total of $3500 in deposits and $288 in withdrawals. Was the ease of withdrawal due to me losing money overall? Thats something I cant confidently answer. My withdrawal took 3 days through Eth and I received $269 from my $288 total, 8% lost. Herofx decided to update their servers and CRM and this update locked everyone out of their trading accounts from Dec 7 to Dec 29. After 22 days and no communication even after they resumed servers, I messaged support because I couldnt sign in to my old trading account on mobile but I could on PC. Seems like they were using a loophole in the Metatrader licensing that doesnt accept unregulated brokers anymore. All around too sketchy for me. Raw spreads account had less than 1 pip on forex pairs and 0.6-3 pips on gold. The commissions are very high though at $16 per lot. Too high 2 stars based on high commissions and fees, sketchy business events, no regulators, and slow withdrawals.

FX9832716632
2024-01-01
Neutral
Hero FX: Competitive Pricing, Speedy Execution, and Flexible Trading Options

Hero FX is my go-to broker for its competitive pricing and fast execution. The raw spreads starting at 0.01 pips and the option for zero commission trading suit my preferences. The support for both MT4 and MT5 is convenient, although I hope they introduce more platform options in the future.

Dreams come True
2023-12-05
Neutral
Hero FX: Accessible Trading Platform with Crypto Deposit Options, yet Lacks Beginner Education

Hero FX is my preferred trading platform with its extensive range of trading instruments, including forex, stocks, and cryptocurrencies. The low minimum initial deposit of $20 and high leverage of 1:500 make it accessible for all types of traders. The choice of depositing in cryptocurrencies is a plus, offering flexibility. The 24/7 customer support is responsive via email and phone. However, I wish they provided more educational resources for beginners to enhance their trading skills.

kinkill
2023-12-04
Exposure

You stop on 9-10-2022  That's your big scam No Regulatory No License 

WaqarKhan
2022-10-30
Exposure

they payment fee is 40$ and 5% payment. they take my 120$ for payment

RealHopeFX
2022-08-05

  

HERO FX 2025 Review: Everything You Need to Know

  In the ever-evolving landscape of online trading, HERO FX has emerged as a broker that claims to offer competitive trading conditions and a wide range of financial instruments. However, a closer examination reveals a multitude of concerns regarding its legitimacy, regulatory status, and customer satisfaction. This review synthesizes key findings from various sources to provide a comprehensive understanding of HERO FX, including its features, strengths, and weaknesses.

  Note: It is important to recognize that HERO FX operates in multiple jurisdictions, and the absence of regulatory oversight in many regions raises significant concerns about the safety of client funds and the overall trustworthiness of the broker.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 4
Tools and Resources 5
Customer Service and Support 3
Trading Experience 4
Trust Level 2
User Experience 3
Overall Rating 3.5

  We evaluate brokers based on a combination of user feedback, expert opinions, and factual data from credible sources.

  

Broker Overview

  Established in 2021, HERO FX is an offshore forex and CFD broker that operates primarily from Saint Lucia and the British Virgin Islands. The broker offers a proprietary trading platform alongside popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). HERO FX provides access to a diverse range of trading instruments, including forex pairs, cryptocurrencies, commodities, and indices. However, the lack of regulation from reputable financial authorities raises red flags about its credibility and the safety of client funds.

  

Detailed Breakdown

  

Regulatory Status

  HERO FX is not regulated by any major financial authority, which is a significant concern for potential traders. While it claims to be based in Saint Lucia, the absence of a legitimate forex license means that traders have no legal recourse in case of disputes. This lack of oversight can lead to unfair trading practices and potential financial losses.

  

Deposit and Withdrawal Methods

  HERO FX primarily accepts deposits in cryptocurrencies such as Bitcoin, Ethereum, and Tether, with a minimum deposit requirement of $20. However, the broker has been criticized for high withdrawal fees, reportedly charging around $40 plus a 5% fee on withdrawal amounts. This has raised concerns among users about the transparency of the fee structure and the overall cost of trading.

  

Bonus and Promotions

  The broker offers a promotional program that includes a 50% bonus on deposits over $250. However, this bonus comes with trading volume requirements that can make it difficult for traders to withdraw their funds, leading to dissatisfaction among users.

  

Trading Instruments

  HERO FX provides access to over 70 forex pairs, various cryptocurrencies, commodities, and indices. This diversity allows traders to explore different markets; however, the limited range of educational resources may hinder beginners from fully capitalizing on these opportunities.

  

Costs (Spreads, Fees, Commissions)

  The spreads on HERO FX are variable, starting from 0.01 pips on the raw spread account, while the no-commission account offers spreads starting from 1.5 pips. The commission structure is not clearly outlined, leading to confusion about the true cost of trading.

  

Leverage

  HERO FX offers high leverage of up to 1:500, which can amplify both potential profits and losses. While this may appeal to experienced traders, it also poses significant risks, particularly for those who are less familiar with margin trading.

  

Allowed Trading Platforms

  The broker supports trading on both MT4 and MT5, as well as its proprietary web trader. However, the lack of advanced features on its proprietary platform may limit the trading experience for more sophisticated traders.

  

Restricted Regions

  While HERO FX claims to accept clients from various countries, it explicitly states that it does not welcome clients from the U.S. and Sweden. Nevertheless, reports indicate that individuals from these regions can still open accounts, which raises questions about the broker's compliance with regional regulations.

  

Available Customer Support Languages

  Customer support is available primarily in English, and users have reported mixed experiences. Many have expressed frustration with the slow response times and inadequate support, particularly regarding withdrawal issues.

  

Detailed Ratings Breakdown

  •   Account Conditions (4/10): The minimum deposit is low, but the withdrawal fees and unclear commission structure detract from the overall value.

  •   Tools and Resources (5/10): While the broker offers access to popular trading platforms, the lack of educational resources limits the ability of novice traders to succeed.

  •   Customer Service and Support (3/10): Customer feedback highlights significant issues with responsiveness and effectiveness, particularly during withdrawal processes.

  •   Trading Experience (4/10): The trading conditions appear attractive at first glance, but the lack of regulation and transparency undermines the overall experience.

  •   Trust Level (2/10): The absence of regulation and numerous negative user reviews contribute to a low trust level.

  •   User Experience (3/10): Users report difficulties with withdrawals and customer support, leading to an overall negative trading experience.

      

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    Conclusion

      HERO FX presents itself as a competitive broker with attractive trading conditions, but the red flags surrounding its regulatory status and customer service raise serious concerns. Potential traders should exercise caution and consider alternative brokers that offer robust regulatory oversight, transparent fee structures, and reliable customer support. It is crucial to conduct thorough research and weigh all available options before committing funds to any trading platform.