HeyForex review: Trading instruments, Platforms, Broker features, and Traders ratings.

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Updated: Jan 20, 2024

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
Maximum Leverage: 500:1
Minimum to Open Live: $25
Established: 2020
Address: Beachmont Business Centre, Suite 125, Kingstown, Saint Vincent And Grenadines
Contact: support@HeyForex.com
Regional offices:
Prohibited countries:
Trading platforms: TradeLocker
Web Trading: ✅ Yes
Mobile Trading: ✅ Yes
ECN: ✅ Yes

Trading Instruments

Currencies: (55+)
Cryptocurrencies: (30+) Bitcoin, Litecoin, Ethereum
CFD: (125+) Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities

Trading Conditions

Hedge: ✅ Yes
News Trading: ✅ Yes
Scalping: ✅ Yes

Managed Accounts & Social Trading

Deposit Methods: Bitcoin, Dogecoin (DOGE), Ether/Ethereum, Litecoin, Ripple (XRP), Tether (USDT), USD Coin (USDC)
Withdrawal Methods: Bitcoin
* Please check broker website for more information

Recent User Reviews of HeyForex

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.
1 trader has found this review helpful