Hero FX is a forex broker registered in Saint Lucia on July 31, 2023. It primarily offers trading services in forex, precious metals, indices, energy, futures, cryptocurrencies, stocks, and other financial derivatives. The headquarters of this company is unknown. The broker does not provide services to jurisdictions where it might violate local laws or regulations, such as the United States and Sweden.
Company Registration Information and Regulatory Status
According to public information on its website (herofx.co), Hero FX Limited is registered with the Saint Lucia International Business Companies and International Trust Registry (IFC), with a company registration number of 2023-00356. The company is located at the Financial Services Regulatory Authority St. Lucia W.I, 6th Floor Francis Compton Building Waterfront, Castries. However, the broker has not disclosed any regulatory information on its website.
![Hero FX](https://production-app-asset.traderknows.com/images/449b937959c64b07b499052ab25e7711.width-800.png?Expires=1728278947&Signature=dj1y0RR0AvSkV71W1m6kSgtoeJnT-N~sn2LcuU~i5wE4D7lYslDKVPvgyr0DqrXxTZas3GTV6ONcDloinQZXqD2wYKmurlyIYI8eglJL80omkp81VByMn27jz~A9eIua6yBtob93M-KhrPj0dyRcE~AnziIW~Pfx6LGQaAvs9ysOXckOPekvc35QsI7jruc5wMwKs8Q7yNDj7XNxRXYHys6sxyumy0lAkY5ubwYnH1CTtSolx1vIiLPN30Bi1zqy1Ych8ayOpsDqsGlQumZq~quvMmG5gJCdvyucespzc7~Hnbf9Ygd6z1zl3t7mR69yM72vA91mSCOaB4zXKLhy3Q__&Key-Pair-Id=K3LHBTUA5A7KEY)
![Hero FX](https://production-app-asset.traderknows.com/images/75b959f8b65f4e498cdb4de2c2a8831f.width-800.png?Expires=1728278947&Signature=AdS5-Cv8y5nIU5quAuS7wDpA6kVxZE5XRJQY5xP1YwF5qqYVT1jAP9n7MGeMJiCfyv-cejZfJ6-jmCl5pT251-v~RlekPIMVDqHZveDgiRLwrHNAVyPaHppTr~nYZANrND~afAxMqRYerxyfN8Q9C05rBBiJ8wc3J8AswJr6S~UvxbifesyArTTxzYvfbgYYOeZMSbueoisFIV7uzR4kPs3LifAUup4CTV6EKrWwplPtLqv4QpXT9sqc~X9jpmgK04Fn8-jww6W07m0cB6VEAz5OwhW~0FkKJeZzIRzVu3R0a7O5vF~r6CXuVpsMBkuc2OHG2jzSs~uLmA47o-BsKA__&Key-Pair-Id=K3LHBTUA5A7KEY)
Upon verification, the International Business Companies and International Trust Registry (IFC) of Saint Lucia lists a company named Hero FX Limited with the registration number 2023-00356. However, there is no regulatory information available on the Financial Services Regulatory Authority (FSRA) website for this entity. Moreover, no regulatory information is found for the broker on other major regulatory bodies such as the U.S. Financial Industry Regulatory Authority (FINRA), the UK Financial Conduct Authority (FCA), or the Australian Securities and Investments Commission (ASIC).
Therefore, Hero FX (herofx.co) is essentially an unregulated scam broker website.
![Hero FX](https://production-app-asset.traderknows.com/images/41efd483f223470f9d44df83d1fdc75d.width-800.png?Expires=1728278947&Signature=SvM2XRJGzv~j3XrzRRfYZiDZwBCDER-LNbEStW-989UgwJE940N8M4rAL-SRWrEot8lykSgSt-nmLofTGnKQqH6N2z42v87FV3Q6QSmpVP0KHaRh2g3cvjO3-hjwatrlK3Rnhi1r3U04K5niJiTgT6-hijzVpSPG76zdlHRT0M--FLIuJft9FJk5luUYwG5p0e~FzPKXV5pO9yokpP8k8gqHkutsZgO7jxFVWfQWwo9Eo~eTjEWgaoDtp3gZUjkmkr9Hbipz06fpZgGpdwor9-iUoGPEr4sq~zHQ3r6hUJoDXAffaLuANdhyUJ6LZlq~ElXsT5G5BrjqKJn5WKKBbA__&Key-Pair-Id=K3LHBTUA5A7KEY)
![Hero FX](https://production-app-asset.traderknows.com/images/015068a74e9644ac8f12449079c521c7.width-800.png?Expires=1728278947&Signature=Kw1uzAG4u8Idhr7aRdJP~q011-zqF90S0z2Qwncqp~S5ueI12Q-tNBRziX5Su7xNc5fES8m3BziTNrSmJHpTJP8L42QBIPMvUno1DRppIB-1iShZsBdOcmru6f6JeklvaQ6Rz01dRH962SRaxDSIM0kL1r6ZzPbSa7wHRptMaeNtwLY3ZHz8hmszwBUt02wBd6KpcEDAEJ~X4pUMc2MtuQYD3M2mkl3YWyzHFMs9x1JeEO5GEPIupwjhJxUGUh98mgJHT0qwOqCNysYTa05328Zz-ucBFqCMRsYu7Z4QCKmoC~vDytWGqtaXQiSihHAMpHrNgBJntd6SsDFBHLuoTA__&Key-Pair-Id=K3LHBTUA5A7KEY)
![Hero FX](https://production-app-asset.traderknows.com/images/1c6e5411000c4f81bcf4c5ffb91ef52d.width-800.png?Expires=1728278947&Signature=HP02c~DpgifGYRnXcGRtqKK-dH8huvIHv3crpGNDGN7Tzp8yhWhwTqaUgQFYOjHnEXYblIT1D18x7VUiNvIbTaXz81j5jav-UO07hhUF6ANCnfpQ23bbMskfSqPDrb0t3xeKQd0yuqWXnL29E5vExaAJBgff6Tm90h~o2zN8bexlFCxjEjC0GMOrVm0-Q5YVAAOWCyxNoTrjPYZKljEJlxvJAbia2h-7VYslpitImk2R~hoUMcLcUHECSl-ON6u27zS5vTJt0nJeeKb0NdbvVU8ve~qzJ8BcyzHBYUvrEbHX1W~pm4mBPea6CmhAfjXsQKYNWc25Ss~Cc1968E7MXg__&Key-Pair-Id=K3LHBTUA5A7KEY)
![Hero FX](https://production-app-asset.traderknows.com/images/6185312321a148c9bf23fca4aced14ec.width-800.png?Expires=1728278947&Signature=AV~bf5r9JlOudOOsC5nlIydiQf8J1Jv2JyKrpNlZwgYmGKP5Sja7mlo0c1UakRTRn0RpZARoR6m8lhPj~m63I-KZbpE8GyvQ3rhrf5vtSZAXn3XTRshMKR3IA96EgNcCfVBFml06doNwRVMbBIdL9xewq78S1B51abamKcn7-obQDJ4fBqwKvOMdW29yHgfzxUzjq1NA3dOPtgxOHkBPLFNrBPx0qqUpXkE2OzjDmZc1HM17OsCI6fpcoy4-ngi1ll4Ep2xUC5UrdVthfStlgCgF071VWj6pk3U1ADjuem2dJ-wbrBEKvdhuUvf1X~9i1SjLFJ0mmqre627wUnTN3A__&Key-Pair-Id=K3LHBTUA5A7KEY)
![Hero FX](https://production-app-asset.traderknows.com/images/6fc960474168494db739dd72c4f0c634.width-800.png?Expires=1728278947&Signature=VwNTnMz~TvKiohlCyNgBi4V6HzCEj-7dQGKzAOTCUmsz13hP7SLuQjHEKp8BciFOj2XNDGOQ9~i3wA1rD0FmjZwQ-E9rt9e6u5YvmpPAmZ~ofgMN-HRFaHFkK5MWzdbXU~30f8tt7BsWCt5YcZzsTqJlufK8RTCl78XFbdl9JCZRbrOyMfTSAv96FC4nDHL0MdzhNT-wxjkPPq5cxq84TzR3P1B0aaHn1INuDNpUo9YBs53I32mbAIcLOwl~S1tYQLiPym2DTMqqUe5eGBAnQiUtoEeW4pfreKn6R1HGER8pVslW44KfaMfGXUZ6qKSmpLjieJmRCCgSJ9LKBEyOyA__&Key-Pair-Id=K3LHBTUA5A7KEY)
Trading Instruments
Hero FX offers a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Trading indices allows speculation on the performance of entire markets or specific sectors without trading individual stocks. Exploring popular indices can provide diversified trading opportunities and leverage to enhance potential returns.
- Futures: Futures trading covers key resources in global markets, enabling traders to buy and sell a variety of raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading allows investors to participate in the price fluctuations of publicly traded companies, earning profits based on company performance and dividends, without actually holding the stocks.
- Cryptocurrencies: Cryptocurrency trading gives digital currency enthusiasts opportunities to profit from high-volatility assets.
Account Opening
To open an account with Hero FX, visit the broker's website, click on the “OPEN FREE ACCOUNT” button at the top right corner of the homepage, and follow the instructions to fill in your name, personal email address, phone number, and set a password. After submission, the broker will send a confirmation link to the provided email. Click the link to confirm your email and complete the account registration. After successfully registering your account, you will need to verify your identity to make deposits and start trading.
![Hero FX](https://production-app-asset.traderknows.com/images/6513147bd6194181b3c9f161f57e5238.width-800.png?Expires=1728278947&Signature=qmgri1aKczQsVwYjskR8zMDgcPYKE2n95DM83hgnLYOphr6dcbx0~Uldu29Qz8V4OG7H20vCp53D6j2We9GEgI~EQEyUsE9oLGOnTYqZ6xyotknm9VzqImy-q2Sft33q3hDOkTy0FuaqVulI7rIaEhlkDmMZ55tk9PVkBT52H1YVcPEsyyvB5QoxBfylo4avafBla--nPGsp2Eb9hQlLggoxFt37AsOZBd1EfPtzenlMFa8cMa9sZ-b2k8HvCIASYV30Hd5xwVarA-HyeR61sMxfJu02BVFud-m2MzUS4-lksBqIZ0uNWY87nmJPW-NBvdwCa0dcpfkpHBrEGBgVEg__&Key-Pair-Id=K3LHBTUA5A7KEY)
Account Types
Hero FX offers three different types of live trading accounts: Zero Commission, Raw Spread, and Islamic Account.
Zero Commission:
- Spreads: Starting from 1.5 pips
- Zero commission
- Supports hedging
- Supports EA
- Tradable instruments: All currency pairs
Raw Spread:
- Spreads: Raw spreads starting from 0.0 pips
- Fixed commission
- Supports hedging
- Supports EA
- Tradable instruments: All currency pairs
Islamic Account:
- Spreads: Raw spreads starting from 0.1 pips
- Fixed commission
- Supports hedging
- Supports EA
- No swap/interest adjustments
![Hero FX](https://production-app-asset.traderknows.com/images/6c2a50e163bb44e0b35ac3a8d538bdaf.width-800.png?Expires=1728278947&Signature=GQdT8tF1Plhv5su2U9w6KNeDHG817QWTEW7AbF3V0F6aQ2bZyx21fRD1U14K9egqald5BVFE0sDAZ2RQnGMYXhk-eog3tKX002rWBo9klPIrLv6cYe833mXBh1GJmhPSEQfSpQ~N6QXAlezzxzFNecJpUoXusqEFn8sJJDehGkqEb7CMNil7yqvoTX66LsNfynVXtrjb72NReo~KeZ5wZ7z02wCRa6CzbnC1msVYGOPEptCt5glZYA8v9OW7l3ERqIcjhImjmMX9oL7bfVrtSlUMVpb7OMcKQz7EXb1JzEjUGMZV09gooohdts6XJx0s2ECAe~k32dv1cZv4j9q5CQ__&Key-Pair-Id=K3LHBTUA5A7KEY)
Trading Platform
Hero FX claims to provide users with its self-developed trading platforms, HX4 and HX5, available on both web and mobile. However, during the installation process, the mobile app could not be downloaded, and the download process did not appear to be legitimate.
![Hero FX](https://production-app-asset.traderknows.com/images/266302a410664083b7597be1d345b86c.width-800.png?Expires=1728278947&Signature=NwJ-1UYsx99w7njMj3HGK4iOER9XbfXAgQtlnZXD6fSifH70~FDMqLwwLRZ9by12Oh56P2KRGZ7PX~WFliIQ7fJ92AaqYqv~ooYFJ0MOpITxsWcmjI8ZdmVzsFeDZw3D0TnVWLmpLZ-3LQF2hwfXEUptW9DyXHj2hxDm23g2f9u~F6jSNCERAB3gBKKlzw43g5cCrtEBNToPqX9rm7P~WL5E~zjh12D1bHktrZSMjNTiJ7xLKlQq3GO~OIJ0-n64O6e87bJ~YCkaG2jMZ3hLkxoDgs~N66-WKryjSw7djFPpgQy9bgw7BL2CafIFIBgnUQaAJVmo4FJK5b1~QExmKg__&Key-Pair-Id=K3LHBTUA5A7KEY)
Deposits and Withdrawals
Hero FX supports deposits via cryptocurrencies, CashApp, Apple Pay, Google Pay, and debit cards. Withdrawals are processed through cryptocurrencies.
![Hero FX](https://production-app-asset.traderknows.com/images/e53960b8a0994cd382f06e05a861199e.width-800.png?Expires=1728278947&Signature=rZUsLnczw5MYYrdAqWzSuopkrzSGSdwIXyNoxA90GHeCKLFUDhbN2WQDG93wvQOmhZu~n4IPd2kUPI9YL--BviZglxdWn36lFMe9hcC6Eqc8bwYO0ErgamUygy3cXn20ZlSKGWwu2o3g9BL7xZ252fab9S~2MWH0r6pUSuGR21X7eycn-~XejhMB-8j3M5eGN3UecguiuQFfEPjlzbxOeX-Hg~4JxMbrCaVC33WbUiQO-h4yocFeGWTtwsE03e5F9fJi7yixGWuuAWC7Gbjj1xtb9Jzc2OkxAbuO59uTMfqsIkhgt0~az7waJAzp0V6XTb1zf~Ymq2ZS-eDvPYk47A__&Key-Pair-Id=K3LHBTUA5A7KEY)
![Hero FX](https://production-app-asset.traderknows.com/images/bee7d79fc3c04677adb3bec43571ebd6.width-800.png?Expires=1728278947&Signature=i80IyTzY90EYZioH-~bxQonKVEmWR9H7dNvUcWcf6WGlo1ZoCUwA8BDG92QHnZHyzM-gw1fdL1JAp5ZLzs5Yx1TIQVVevyzUueWlQThxn7k6AmPxW3TSH-BfIvqul7TtE--1U32JAo89WO4VdSUZSYYoej816rPxezbEcGjtf74HaJEcyUGluLGI5G4Zu41wizRzAZQKH828gmh5X5zkM~jlO5pUJrxRC3MUSViHCijDUw9pBIH1hr7BTVg8~ekNfXmkEADoPqxcP35~5UGl7RcsEtAtmhvMzxuolmqaUq2RZeaIXsLD88Z33aNE2Ywlnjpym65-bqHTo83s-gsLog__&Key-Pair-Id=K3LHBTUA5A7KEY)
Conclusion
Traderknows reminds investors that Hero FX is actually an unregulated scam broker website, and the contact method is limited to email. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.