Reply To: HeroFX – legit or scam?

#199698
James Barra
Moderator
    DayTrading.com Team

    Hi Sol,

    Thanks for your message.

    While our testing team haven’t yet conducted a full evaluation of HeroFX, I’ve done some preliminary digging and have a few concerns – despite the platform’s slick website and polished marketing.

    The main issue is regulation. HeroFX is not licensed by any of the ‘green tier’ regulators listed in DayTrading.com’s Regulation & Trust Rating.

    Instead, it’s registered in Saint Lucia – an offshore jurisdiction that some brokers use to sidestep the stricter oversight designed to protect retail traders from excessive risk and questionable trading practices.

    If it was me, I’d opt for a well-regulated brokerage where you’re more likely to get strong account safeguards and recourse options in case of disputes.