Forex traders access financial markets using different trading platforms. Modern forex brokers give access to those platforms. These platforms include MT4, MT5, cTrader, Maxtradefx, and so on. Some of the brokers even offer their own trading platforms. However, MT4 and MT5 are two of the most popular trading platforms in the world. Mt5 is the updated version of MT4. It was released in 2010.
If you’re a forex trader looking for an offshore broker, you may have come across HeroFX. However, does HeroFX support MT5? The answer is “No”. HeroFX currently does not have an MT5 trading platform. In this content, we will explore the platforms used by HeroFX, its alternatives, and so on.
So let’s get started ….
Does HeroFX Work With MT5?
No, HeroFX does not support MetaTrader 5 (MT5). The platform has chosen to implement the Tradelocker trading platform instead. Tradelocker represents the next generation of day trading platforms, strategically designed to meet the demands of bold traders and savvy brokers.
HeroFX at a Glance
- Founded Year: 2020
- Location: Saint Lucia
- Minimum Deposit: $20
- Maximum Leverage: 1:500
- Regulations: None (Unregulated Offshore Broker)
- Trading platform: HeroFX
- Account Types: Zero, Pro, Prime
- Trading Style: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
- Payment Options: Crypto deposits and withdrawals
- US Traders: Accepted
What Trading Platforms Does HeroFX Use
HeroFX Currently Use traderlocker Trading Platform. Trading is a next-generation trading platform that offers advanced charting facilities
Alternatives of HeroFX Trading Platforms
HeroFX is a popular offshore broker. However, there are other brokers that can serve as alternatives to HeroFX. Some of the alternative brokers even offer MT5 Trading Platforms. For example, Plexytrade offers both MT4 and MT5 Trading Platforms. These alternative brokers include
- Founded In: 2024
- Minimum Deposit: $50
- Maximum Leverage: 1:2000
- Regulations: None
- Trading Platforms: MT4, MT5
- Trading Instruments: Forex, cryptos, commodities, indices and stocks CFDs
- Founded In: 2020
- Location: Comoros Union
- Minimum Deposit: $1
- Maximum Leverage: 1:1000
- Regulations: None
- Trading Platforms: MT5
- Trading Instruments: Forex, cryptos, commodities, indices and stocks CFDs
- Founded In: 2017
- Minimum Deposit: $1
- Maximum Leverage: 1:1000
- Regulations: None ( Offshore forex broker)
- Trading Platforms: MT4, MT5
- Trading Instruments: forex, indices, commodities, shares, cryptocurrencies, precious metals
- Founded In: 2022
- Location: Bulgaria
- Minimum Deposit: $10
- Maximum Leverage: 1:1000
- Regulations: None
- Trading Platforms: MT5
- Trading Instruments: Forex, cryptos, commodities, indices and stocks CFDs
- Founded Year: 2020
- Location: Stamford Hill, Durban Kwa-Zulu Natal 4001.
- Minimum Deposit: $10
- Maximum Leverage: 1:500
- Regulations: None (Unregulated Offshore Broker)
- Trading Platforms: MT5, TradeLocker
- Trading Instruments: CFDs on stock indices, various commodities, such as gold and silver, and a wide choice of FX pairs
Frequently Asked Questions (FAQs)
What is 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.
What is the MT5 Trading Platform?
Released in 2010, MetaTrader 5 (MT5) is a multi-asset trading platform developed by MetaQuotes. The platform is widely used in the financial industry. It is the successor to MT4 and offers advanced features such as more timeframes, additional order types, an economic calendar, and improved analytical tools. MT5 is commonly used for forex and CFD trading.
What are the alternatives to MT5 Trading Platforms?
MT5 is the second most popular trading platform in the world. MT5 is not the only platform in the industry, several trading platforms serve as alternatives to MT5. They include.
- MT4 (MetaTrader 4): The predecessor to MT5, it remains immensely popular for its simplicity and wide adoption.
- Ctrader: Known for its user-friendly interface and advanced charting tools.
- Tradingview: A web-based platform appreciated for its social trading features and customizable charts.
- Etoro Platforms: Etoro offers a range of trading platforms, known for its social trading network.
Does HeroFX support the MT4 trading platform?
No, HeroFX currently does not support MetaTrader 4. It uses only the TradeLocker trading platform. TradeLocker is one of the next-generation trading platforms.
Final Verdict :
HeroFX does not offer MetaTrader 5 as its trading platform. It offers Tradelocker as its trading platform.
Tradelocker, powered by Tradingview provides a range of features and tools for executing trades, managing positions, and analyzing markets. Although it may differ from the familiar MT4 interface, Tradelocker is designed to offer a user-friendly and efficient trading experience for HeroFX clients.
Trading forex and CFDs comes with the risk of losing your trading capital. Furthermore, trading with unregulated brokers like HeroFX puts your funds at higher risks
