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Hero FX

Operating status: Unregulated

Website: https://herofx.co/

High-Risk Active

Broker violations and abnormal records

2022-08-08 BrokersView has Reviewed that Hero FX is an Unregulated Forex Broker

Hero FX claims to be a reliable firm while presenting neither details about its regulations nor legal documents (terms & conditions, risk disclosure, and privacy policy, etc.). Lacking the above information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.
Besides, Hero FX claims its company address is in the British Virgin Islands. However, we did not find any match results to Hero FX in the British Virgin Islands Financial Services Commission (SVG FSA). That means Hero FX is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Hero FX claims to be a reliable firm while presenting neither details about its regulations nor legal documents (terms & conditions, risk disclosure, and privacy policy, etc.). Lacking the above information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.
Besides, Hero FX claims its company address is in the British Virgin Islands. However, we did not find any match results to Hero FX in the British Virgin Islands Financial Services Commission (SVG FSA). That means Hero FX is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Hero FX claims to be a reliable firm while presenting neither details about its regulations nor legal documents (terms & conditions, risk disclosure, and privacy policy, etc.). Lacking the above information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.
Besides, Hero FX claims its company address is in the British Virgin Islands. However, we did not find any match results to Hero FX in the British Virgin Islands Financial Services Commission (SVG FSA). That means Hero FX is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Related Complaints

Q&A Complaints

They seem quite active, not really sure if they're trustworthy.

Leigh

Liberia

2025-08-07

ANSWER Dear Investor, Hero FX does not appear to be a reliable broker. It does not display any regulatory information on its website and provides only a registered address in Saint Lucia. While we have verified that Hero FX Limited is indeed registered with the Saint Lucia International Financial Centre (IFC), this registration merely grants it International Business Company (IBC) status. It is important to note that the IFC does not regulate or supervise forex trading activities. As such, Hero FX appears to operate without oversight from any legitimate financial regulatory authority, raising serious concerns about potential fraudulent practices. In light of these findings, Hero FX currently appears to be operating without regulation from any recognized financial authority, exposing investors to substantial risks. We strongly advise extreme caution and avoid trading with Hero FX.

8 comments

Santi Suarez

Great broker, highly recommend. Deposits and withdrawals are fast and convenient.

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2023-06-07

Buzzy

Nothing about this broker is fair I regret depositing and trying that bonus account isn’t worth it. Stay away!!

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2023-05-19

Schaffer

The rules and regulations, Bonus and Withdrawal policies are not legitimate and they are made for defrauding traders. They just keep calling traders and urging them to invest more and more.

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2023-02-17

mathewesaa

bad i lost a lot of money in here

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2023-02-14

BXS111

Total scam

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2023-02-10

fxhis443

trash！ hard to believe they are still scamming people.

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2023-02-10

normandiss

I have lost all my money in this company !they would never allow you to withdraw!scammer!

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2023-02-10

564851631

scamscamscamscamscamscamscamscamscamscamscamscamscamscamscamscamscamscamscamscamscamscam

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2023-02-10

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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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