HeroFX Review 2025
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Updated:
Reason to avoid: No license
Listed Date: December 15, 2023
Top 3 Forex Brokers
Beware HeroFX is a Non-Regulated Broker. It is NOT SAFE to trade
Advertising Disclosure
Updated:
Reason to avoid: No license
Listed Date: December 15, 2023
Beware HeroFX is a Non-Regulated Broker. It is NOT SAFE to trade
No, HeroFX cannot be considered a reliable option for investment as the broker is not regulated. The lack of appropriate regulatory status and licenses raises doubts about HeroFX’s legitimacy.
🏢 Registered in | the Financial Services Regulatory Authority |
🗺️ Type of License | No license |
🛡️ Is HeroFX safe to trade? | No |
🗺️ Recommended Licenses | FCA in the UK 🇬🇧 and ASIC in Australia 🇦🇺 |
🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
HeroFX enables trading with Forex, Indices, Shares, Futures, Crypto, Metals, and Energies. The broker mentions its raw spreads, low commissions, and favorable trading conditions. It enables access to Social trading, offers trading signals and expert advisors with no fees.
Yet, closer research revealed significant concerns about HeroFX that every trader should be aware of before investing with the broker:
Based on our research, we have encountered substantial concerns regarding HeroFX’s reliability and its adherence to regulatory standards. Consequently, we are unable to issue a favorable rating for HeroFX.
Ranking | HeroFX | Go Markets | XM |
---|---|---|---|
Ranking | ⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
Is Broker safe? | No | Yes | Yes |
Advantages | None | Trading Environment | Education |
In light of the concerns surrounding the reliability and security of HeroFX, we highly recommend that traders explore alternative options that offer stronger regulatory oversight and enhanced trading conditions. Below is a list of reputable brokers that provide reliable choices and a secure trading environment for your consideration:
HeroFX offers multiple deposit methods including BTC/ ETH/ USDT (ERC-20). The minimum deposit in BTC is $250. The funding process can take up to 6 hours and mostly depends on the blockchain network.
HeroFX offers two account options: Raw Spread and No Commission. The trading conditions for the account types differ.
Considering the information we have gathered about HeroFX, there are substantial concerns regarding the broker’s trustworthiness and credibility. The main concern about the broker is the absence of regulation. Besides, there are numerous complaints and negative reviews regarding the broker’s withdrawal process and customer support. Therefore, we strongly urge traders to exercise caution and refrain from using HeroFX for their trading activities.
We highly recommend considering brokers that are licensed by reputable authorities such as FCA, ASIC, or CySEC. Many regulated brokers offer excellent services and favorable trading conditions while adhering to top-tier regulations, thus ensuring a secure trading environment. Some examples of such brokers include HFM, OANDA, and BlackBull Markets. These options can provide traders with a higher level of confidence and protection.
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