HERO is a broker that offers forex, precious metals, crude oil, and stock trading services to investors. The official website of HERO is https://www.heroli.com/, and it only supports English and Simplified Chinese as its languages of use. According to the Whois domain registration information, the company's website domain was registered on October 26, 2016, which means it has been registered for just over six years.
Company Background:
HERO's official website does not provide any information about the company's place of registration. However, the Whois domain registration information indicates the United States as the location of registration, suggesting that the company's registration may be in the United States. Additionally, according to the Whois domain registration information, the company's website domain was registered on October 26, 2016.
Account Registration:
HERO's official website provides a registration link for real accounts, allowing investors to complete the account registration by filling in the required information. To register for a real account, you can open HERO's official website, click on "Register" in the top right corner of the website, and then fill in the required information such as name, email, phone number, etc. However, HERO's official website does not provide a registration link for demo accounts, which are typically used for practice trading.
Account Types:
HERO's official website states that the company offers three types of trading accounts: Standard account, VIP account, and ECN account. However, these account types differ in various aspects, including spreads, margin ratios, minimum deposit amounts, maximum position sizes, and other features.
Trading Products:
HERO's official website states that the company offers trading services for forex, precious metals, crude oil, and stocks. However, the website does not provide specific information about the trading products within these categories or details such as spreads and fees associated with trading forex, precious metals, crude oil, or stocks.
Margin Ratio:
The HERO official website indicates that the company can offer a leverage ratio of up to 200:1 for forex trading accounts, as stated in their risk disclosure. However, the company has not provided specific information about the margin ratios for individual forex trading products within these accounts, nor have they provided margin ratio details for precious metals, crude oil, or stocks.
Trading Hours:
HERO's website does not provide information about the trading hours for forex, precious metals, crude oil, or stocks.
Deposits and Withdrawals:
HERO's website displays potential payment methods for deposits and withdrawals, including MasterCard, UnionPay, VISA, SecurePay, and CASH. It also mentions minimum deposit amounts, processing times, and withdrawal fees. However, the website does not specify the supported payment methods or currencies in the deposits and withdrawals section.
Trading Software:
HERO's website mentions that the company offers MetaTrader 4 (MT4) trading software, including desktop versions for Windows and mobile versions for iOS and Android. However, there may be issues with downloading the Android version of MT4 in some regions.
Partnerships:
HERO's website provides information about partnership programs, including the IB Cooperation Program, Fund Manager, and Other Cooperation options, which cater to different types of investors seeking collaboration.
Regulatory Information:
HERO's website displays conflicting regulatory information. While the Chinese version of the website indicates regulation by the Australian Securities and Investments Commission (ASIC) and the Canadian Financial Transactions and Reports Analysis Centre (FINTRAC), the English version of the website does not provide any information about regulation by ASIC or FINTRAC. Furthermore, a search with FINTRAC confirms the company's regulation, but there is no regulatory information found for HERO with ASIC.
Summary:
HERO is suspected of being involved in fraudulent activities. While the website displays information about account types, trading products, margin ratios, and other details, it does not provide information about the company's place of registration. Additionally, the website presents false information about regulation by ASIC. Furthermore, the English version of the website lacks regulatory information. Based on these inconsistencies, there is suspicion of fraud associated with HERO, and investors should exercise caution when considering its services. TraderKnows reminds you to be vigilant about the security of your assets and avoid falling into scams.
