What Account Types and Fees Does Hero Markets Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, access to educational resources |
Suitable for traders starting with smaller capital |
| Professional Account |
Experienced traders |
Higher leverage, lower spreads, advanced trading tools |
Requires proof of trading experience and volume |
| Corporate Account |
Corporate clients |
Custom services, multi-user access, dedicated account management |
Requires corporate documentation and verification |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free trading, no overnight interest |
Available upon request and verification of eligibility |
| Demo Account |
All traders |
Practice trading with virtual funds, access to all features |
Designed for testing strategies without financial risk |
Account Opening Process
To open an account with Hero Markets, prospective traders must follow several straightforward steps. First, they need to provide personal information, including their full name, contact details, and date of birth. Next, employment and financial information will be required to assess the trader’s background and experience level. Identity verification is an essential part of the process, which includes submitting a government-issued ID and proof of address. Once the account is created, traders have the flexibility to upgrade to a professional account in the future if they meet the necessary criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
12 |
$0 |
Standard spread for major pairs |
| CFDs (Stocks) |
0.1% – 0.5% |
$0 |
Varies by stock |
| CFDs (Indices) |
1.0 |
$0 |
Competitive spread for major indices |
| CFDs (Commodities) |
2.0 |
$0 |
Standard spreads for commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
Hero Markets charges no deposit or withdrawal fees, making it cost-effective for traders looking to manage their funds. However, an inactivity fee is applied to accounts that have not shown trading activity for more than 90 days. Additionally, an annual inactivity fee will be charged for accounts that remain inactive for over 12 months. Traders should also be aware of overnight interest (swap rates) that may apply to certain positions, as well as potential currency conversion fees when trading in different currencies.
