General Information & Regulation
HERO Capital opened its China market in 2015, setting up branches in Shanghai and Shenzhen, China to provide Chinese investment institutions and individual investors with online forex trading services, including 37 forex currency pairs, 12 CFD products, 3 types of commodities, as well as the MT4 trading platform for PC and mobile and using the STP-ECN model. HERO currently holds a Canadian FINTRAC currency exchange license (license number: M19578081).
Market Instruments
HERO offers investors a wide range of financial products, including foreign exchange currency pairs, CFDs, precious metals, and crude oil products. Overall, tradable assets listed on HERO assets seem quite limited compared with many other brokers.
HERO Minimum Deposit
HERO offers investors three types of real trading accounts: Standard (minimum opening amount of $100), VIP (minimum opening amount of $2,000), and ECN (minimum opening amount of $30,000). The initial deposit of $100 sounds quite reasonable for most regular traders to get started.
HERO Leverage
In terms of trading leverage, HERO offers flexible leverage like 20:1, 50:1, and 100:1, for traders to choose in light of their risk tolerance.
Spreads & Commissions
HERO's website only states that it offers the most competitive spreads to its clients but does not provide much information on the spreads of each product. The only spreads available are 4.5 pips for gold and 3.0 pips for silver. Additionally, the average EURUSD spread on ECN accounts is 0.2 pips, but on top of that, the broker may charge a commission on the transaction.
Trading Platforms
HERO Metatrader 4.0 (MT4) is HERO's advanced and efficient financial products trading platform for investors. The MT4 trading platform enjoys a leading position in the global capital markets. The MT4 provides dozens of default technical indicators, and investors can also develop or add their own technical indicators, along with advanced charting tools, to analyze the market trends and efficiently help investors to make smart decisions on investment analysis and easily grasp every trading moment. HERO supports PC, iOS, and Android systems.
Deposit & Withdrawal
HERO does not support credit card deposits, but only bank card deposits, with a minimum amount of $100, which will be received within 2 hours.
Cons
There are some disadvantages about this broker:
1. Limited range of tradable instruments
2. Spreads not competitive, and transaction costs not transparent
3. Limited deposit and withdrawal methods, credit card not available
4. Withdrawals fees