General and Regulatory Information
HERO Capital opened its market in China in 2015, establishing branches in Shanghai and Shenzhen, China, to provide Chinese investment institutions and individual investors with online forex trading services, including 37 currency pairs, 12 CFD products, 3 types of commodities, as well as MT4 trading platform for PC and mobile and using STP-ECN model. HERO currently holds a Canadian FINTRAC foreign exchange license (license number: M19578081).
Market Instruments
HERO offers investors a wide range of financial products, including currency pairs, CFDs, precious metals and crude oil products. Overall, the tradable assets listed at HERO seem quite limited compared to many other brokers.
HERO Minimum Deposit
HERO offers investors three types of live 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 seems quite reasonable for most regular traders to start with.
HERO Leverage
In terms of trading leverage, HERO offers flexible leverage of 20:1, 50:1 and 100:1, so traders can choose based on their risk tolerance.
Spreads and Commissions
HERO's website only claims to offer the most competitive spreads to its clients, but does not provide much information on the spreads for each product. The only spreads available are 4.5 pips for gold and 3.0 pips for silver. In addition, the average EURUSD spread on ECN accounts is 0.2 pips, but in addition, the broker may charge a transaction fee.
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. 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 market trends and effectively help investors make smart decisions in investment analysis and easily take advantage of every trading moment. HERO is compatible with PC, iOS and Android systems.
Deposit and withdrawal of funds.
HERO does not support credit card deposits, but only bank cards, 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.
2. Spreads are not competitive and transaction costs are not transparent 3.
3. Limited deposit and withdrawal methods, no credit card available 4.
4. Withdrawal fees
