Hero FX is a forex broker registered in Saint Lucia on July 31, 2023, mainly providing investors with financial derivative trading services such as forex, cryptocurrency, and indices, with its headquarters unknown. The broker does not offer its services in jurisdictions where it may violate local laws or regulations, such as the United States and Sweden.
Company Registration Information and Regulatory Status:
According to publicly available information on the Hero FX official website, it is registered in the Saint Lucia International Business Company and International Trust Registry (ifc) as Hero FX Limited, with the company registration address Financial Services Regulatory Authority St. Lucia W.I, 6th Floor Francis Compton Building Waterfront, Castries, and the company registration number is 2023-00356.
Verification shows that the Saint Lucia International Business Company and International Trust Registry (ifc) has a registered entity named Hero FX Limited, with the registration number 2023-00356. However, this entity is not found in the Financial Services Regulatory Authority (FSRA) of Saint Lucia nor is it listed by other official financial regulatory authorities in different jurisdictions.
According to information found through Whois, the domain name of this broker was registered on January 5, 2022. Moreover, as of February 6, 2024, the broker has been established for less than a year.
Account Opening:
To open an account with Hero FX: visit the broker's official website and click “OPEN FREE ACCOUNT” in the top right corner of the webpage to enter the account registration interface. Fill in the required information such as name, personal email address, phone number, and set a login password before submitting the form. After submission, the broker will send a confirmation link to the email address provided. Clicking this link to confirm your email completes the registration process.
Account Types:
Hero FX offers users two different types of real trading accounts: RAW SPREAD Account and NO COMMISSION.
RAW SPREAD Account:
- Spread: From 0.01 pip
- Unified commission
- Supports hedging
- Supports EA
NO COMMISSION:
- Low spread (from 1.5 pips)
- Zero commission
- Supports hedging
- Supports EA
Trading Platform:
The Hero FX official website claims to offer the MT4 and MT5 trading platforms, but these platforms do not list this broker.
Deposits and Withdrawals:
Hero FX supports deposits through cryptocurrency, CashApp, Apple Pay, Google Pay, debit cards, and bank wire transfer, and withdrawals through Bitcoin and Tether.
Summary:
Traderknows reminds investors that Hero FX is an unregulated forex broker. Traderknows advises investors to choose brokers that are transparent, well-regulated and reputable for their trading activities, in order to avoid unnecessary losses of their assets.
Currently, this broker is marked as "suspected of fraud" on Traderknows.
