HeroFX and SolidECN are two popular offshore forex and CFD brokers that offer online trading services to traders and investors worldwide. Both brokers accept U.S. clients and provide trading facilities with no FIFO rule, high leverage, low fees, and tight spreads without restrictions. Although these brokers offer similar services, each has its strengths and weaknesses.
In this article, we will compare and review HeroFX and SolidECN by exploring their trading conditions, instruments, minimum deposits, fees, features, and customer support. This comparison and research will help you determine which broker is better suited to your trading style and preferences.
Herofx vs SolidECN: In a Nutshell
Herofx
Founded in 2020, HeroFX is an online forex and CFD broker. It is an offshore forex broker that offers 100+ trading instruments including 71 forex pairs, 59 Stock CFDs, and 30 Cryptocurrencies. The broker allows all trading styles including scalping, hedging, news trading, etc. The maximum leverage of HeroFX is as high as 1:500.
HeroFX at a Glance
- Founded Year: 2020
- Location: Saint Lucia
- Minimum Deposit: $20
- Maximum Leverage: 1:500
- Regulations: None (Unregulated Offshore Broker)
- Trading platform: HX4, HX5
- Account Types: Zero, Pro, Prime
- Trading Style: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
- Payment Options: Crypto deposits and withdrawals
- US Traders: Accepted
SolidECN
Founded in 2020, SolidECN is an online forex and CFD broker. It is an offshore forex broker that offers Forex, Stocks, Indices, Commodities, and CFDs to traders worldwide. The broker allows all trading styles including scalping, hedging, news trading, etc. The maximum leverage of Solid ECN is as high as 1:1000.
SolidECN at a Glance
- Founded Year: 2020
- Location: Saint Vincent and the Grenadines
- Minimum Deposit: No minimum Deposit (You may deposit as low as $1)
- Maximum Leverage: 1:1000
- Regulations: None (Unregulated Offshore Broker)
- Trading platform: MT5 (Desktop, Web, Mobile)
- Account Types: Micro, Standard, ECN
- Trading Style: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
- Payment Options: Perfect Money, Cryptocurrencies, Altcoins
- US Traders: Accepted
Herofx vs SolidECN: Side By Side Comparison
Herofx vs SolidECN: Pros and Cons
Herofx Pros & Cons
- Low Minimum Deposit- You may deposit as low as $20
- Allow Crypto CFD Trading
- Demo Accounts are Available
- Higher Leverage for US, and EU clients. Maximum leverage is as high as 1:500
- Allow Scalping, EA Trading, and News Trading
- HeroFX Accepts Crypto Deposits
- Unregulated offshore forex broker
- Limited Deposit and Withdrawal Option
- No Managed Account Options
SolidECN Pros & Cons
- No Minimum Deposit – You may deposit as low as $1
- Allow Crypto CFD Trading
- Offers leverage as high as 1:1000
- Very tight spreads starting from 0.0 pips
- Offers MT5 trading platforms (Desktop, Web, mobile version)
- Demo Accounts are Available
- Higher Leverage for US, and EU clients.
- Allow Scalping, EA Trading, and News Trading
- Solid ECN Accepts Crypto Deposits
Cons:
- Unregulated Offshore Forex Broker
- Only Crypto Deposit and Withdrawal Option
- No Managed Account Options
Final Thoughts:
HeroFX and SolidECN are unregulated offshore forex and CFD brokers in the industry. They offer similar trading services; they both allow scalping, hedging, EA trading, and Copy trading EA. The minimum order size for both of them is 0.01
However, there are a few areas where you may find some differences. For example, HeroFX supports Desktop Terminal, WebTrader, Trading App trading platforms. On the other hand, SolidECN does not support MetaTrader MT4 trading platform. It uses the MT5 trading platform. The minimum deposit for HeroFX is $20, whereas the minimum deposit for SolidECN is $10. Additionally, the maximum leverage for HeroFX is 500:1, while the maximum leverage for SolidECN is 1000:1.
Our score for HeroFX is 4.5, and for SolidECN, it is 4 So, If you are looking for a high-leverage offshore broker with Desktop Terminal, WebTrader, Trading App trading platform you may choose HeroFX. However, if you prefer not to use MT4, you may choose SolidECN.
Disclaimer: Trading forex and CFDs comes with the risk of losing your trading capital. Moreover, trading with offshore forex brokers puts your funds at higher risks
