CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Trade only with money you can afford to lose.
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HeroFX for Canadian traders

Trade Forex & CFDs with HeroFX in Canada

HeroFX offers Standard, Raw Spread and Hero10X accounts on MetaTrader 5 and TradeLocker — raw spreads from 0.0 pips, leverage up to 1:500 and a $50 minimum deposit. Confirm current terms and Canadian availability before you trade.

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Min deposit $50  ·  Up to 1:500  ·  Rating 4.0/5

HeroFX is an online forex and CFD broker, registered in 2023, that offers Standard, Raw Spread and Hero10X accounts on MetaTrader 5 and TradeLocker. It advertises raw spreads from 0.0 pips, leverage up to 1:500 and a $50 minimum deposit, and accepts traders from many countries. Always confirm the current terms and that HeroFX accepts Canadian residents before you deposit.

$50Min deposit
Up to 1:500Max leverage
2023Founded

Why traders consider HeroFX

HeroFX account types at a glance

AccountPlatformSpread fromCommissionBest for
StandardMT5 / TradeLocker1.0 pips$0Beginners who prefer one all-in spread, $50 minimum
Raw SpreadMT5 / TradeLocker0.0 pips$7 per lotActive traders who want the tightest spreads, $50 minimum
Hero10XMT5 / TradeLockerRaw + included commissionIncludedHeroFX's funded program — $500 minimum, leverage up to 1:200

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Explore HeroFX

More: leverage & margin, demo account, trading app, account verification and how to open an account.

HeroFX Canada — quick verdict

HeroFX is a newer online forex and CFD broker (registered in 2023) offering raw spreads from 0.0 pips, leverage up to 1:500 and a low $50 minimum deposit on MetaTrader 5 and TradeLocker. It suits traders who want tight spreads and a simple three-account line-up, but as a newer name it has a shorter public track record than long-established brokers — so weigh that up and confirm the latest terms before depositing. Trading CFDs carries a high risk of losing money.

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Frequently asked questions

Is HeroFX available in Canada?
HeroFX accepts clients from many countries. Availability can change, so confirm on the HeroFX website that it currently accepts Canadian residents before opening an account.
What is the minimum deposit at HeroFX?
The minimum deposit on a Standard or Raw Spread account is $50. The Hero10X funded program requires a higher minimum of $500.
What platforms does HeroFX offer?
HeroFX offers MetaTrader 5 (MT5) and TradeLocker, which includes TradingView charting. There is no MetaTrader 4.
What can you trade on HeroFX?
HeroFX offers forex pairs, indices, metals and commodities traded as CFDs.