HeyForex review: Trading instruments, Platforms, Broker features, and Traders ratings.
4 •
1 REVIEWS
What is HeyForex?
HeyForex is a forex broker with the TradeLocker as their trading platform in PC and Mobile version.
Hey Forex offers over 50 forex currency pairs, indices, commodities, metals, stocks, bitcoin and other cryptocurrencies for your personal investment and trading options.
Please read HeyForex Reviews below and share your live trading experiences with this broker.
Broker Details
| Minimum Trade Size: | 0.01 |
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| Maximum Leverage: | 500:1 |
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| Minimum to Open Live: | $25 |
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| Established: | 2020 |
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| Address: | Beachmont Business Centre, Suite 125, Kingstown, Saint Vincent And Grenadines |
| Contact: | support@HeyForex.com |
| Regional offices: | |
| Regulators: | |
| Prohibited countries: |
| Trading platforms: | TradeLocker |
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| Web Trading: | ✅ Yes |
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| Mobile Trading: | ✅ Yes |
| ECN: | ✅ Yes |
| Currencies: | (55+) |
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| Cryptocurrencies: | (30+) Bitcoin, Litecoin, Ethereum |
| CFD: | (125+) Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities |
Trading Conditions |
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| Hedge: | ✅ Yes |
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| News Trading: | ✅ Yes |
| Scalping: | ✅ Yes |
| Deposit Methods: | Bitcoin, Dogecoin (DOGE), Ether/Ethereum, Litecoin, Ripple (XRP), Tether (USDT), USD Coin (USDC) |
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| Withdrawal Methods: | Bitcoin |
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4 •
1 REVIEWS
Recent User Reviews of HeyForex
D
DerkWehler
Oregon, USA,
May 27, 2021,
Registered user
So far so good -with caveat
Service use: Live
Length of use: 0-3 Months
So far this broker seems pretty good. But be warned: I denominated my account in BTC and every single crypto trade I took cost 1500 uBTC per transaction. Bitcoin was near $40000 at the time, so that is $60 per lot! In a USD-denominated account, the same trade is $7 commission. Not sure how other (forex) commissions are with BTC-denominated account, but nearly 10X as high with crypto!
I contacted them and they responded, just claiming that commission was different cause BTC is volatile. Not an adequate explanation IMHO.
I contacted them and they responded, just claiming that commission was different cause BTC is volatile. Not an adequate explanation IMHO.
1 trader has found this review helpful