Broker review

HeroFX review

HeroFX Ltd is registered in Saint Lucia under number 2023-00356. Its website names no regulator anywhere, publishes no licence number, and takes deposits from $5 in crypto. A company registration number is not a licence, and here there is nothing else.

Last verified 12 August 2026 · how we check

Verdict	avoid
Regulators	not verified
Minimum deposit	$5
Maximum leverage	1:500
Platforms	MT5

We read the HeroFX homepage, its account terms and its footer looking for the name of a regulator. There isn’t one.

Not a weak one, not an offshore one, not a disputed one. The words “regulated”, “licensed”, “FSA”, “FSC”, “CySEC”, “ASIC” and “FCA” do not appear on the site at all. What appears instead is this, in the footer:

© 2026 HeroFX Ltd — All rights reserved Register No. 2023-00356 Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia

That is a company registration in Saint Lucia. It is worth being precise about what that is, because the two things get conflated constantly and the difference is the whole point.

A registration number is not a licence

Registering a company means a registry recorded that the company exists, took a fee, and holds a name and an address. It involves no capital requirement, no audit, no rule about client money, and no supervisor who can be complained to.

A licence means a financial regulator examined the firm, imposed conditions, and can withdraw permission. Those conditions are what produce segregated accounts and enforceable obligations.

HeroFX publishes the first and not the second. The number 2023-00356 also dates the company: it was registered in 2023.

✓ a recorded name and address ✓ a filing fee, paid once ✗ capital requirement ✗ audits ✗ rule on client money ✗ a supervisor to complain to

<text x="392" y="80">✓  a recorded name and address</text>
<text x="392" y="102">✓  capital the firm must hold</text>
<text x="392" y="130">✓  periodic audits</text>
<text x="392" y="150">✓  client money kept apart</text>
<text x="392" y="170">✓  permission that can be withdrawn</text>
<text x="392" y="190">✓  somewhere to bring a complaint</text>

Both columns start the same way, and that is why the numbers look alike in a footer. Everything that protects a balance is in the right column.

Saint Lucia is a registration jurisdiction

Saint Lucia registers international business companies. It is not a place brokers go to be supervised as brokers, and HeroFX does not claim it is: the site asserts no oversight of any kind. That is at least internally consistent, which is more than can be said for firms that print an invented number.

The consequences are the ordinary ones for an unsupervised counterparty. There is no compensation scheme. There is no rule requiring your deposit to be held apart from the firm’s operating money. There is no regulator to tell if a withdrawal stops arriving.

Deposits from $5, in crypto

The signup flow advertises funding from $5 with crypto or $30 with fiat, and leverage up to 1:500.

The $5 floor is not the problem; a tiny minimum is a fair way to let someone test a platform. The pairing is what matters. Crypto deposits to an unsupervised company are the combination with the fewest exits: the transfer cannot be reversed, there is no chargeback, no card issuer to appeal to, and no supervisor behind the recipient. If the money does not come back, every ordinary route for getting it back is closed at once.

That is a structural point about the arrangement, not a prediction about this firm.

Registers we hold in full

Register	Result
ASIC (Australia), 6,525 licensees	HeroFX not found
CySEC (Cyprus), 248 investment firms	not found
FCA register, incl. unauthorised firms	no entry, checked 12 August 2026

For a firm that claims no licence anywhere, these results are expected and prove nothing on their own. The FCA line carries our usual caveat: that register lists firms the FCA authorised and firms it warned UK consumers about, so a firm that never approached anyone in Britain will not appear whatever it does.

Age

herofx.co has been archived since April 2022, and the company number dates registration to 2023. Roughly four years of website, three of company. Short, but the site has been continuously live, which is not true of every brand we cover: compare OspreyFX and KOT4X, both gone.

A second domain, herofx.com, also resolves and serves the brand.

What we checked, and what we didn’t

We read the site and its terms, and searched three registers we hold locally. We have not opened an account, deposited money, or tested execution, withdrawals or support. Nothing here is a report on how HeroFX treats its clients, because we have not been a client.

What we can say is narrower and checkable by anyone in five minutes. The firm names no regulator. The number in its footer is a company registration, in a jurisdiction that does not supervise brokers. It asks for crypto deposits from $5. Whether to send money into that arrangement is a decision that should be made knowing those three facts, and they are all on the firm’s own website.

Sources

Scored against the published methodology. Figures were accurate on 12 August 2026 and change frequently — confirm current terms with the provider. Not investment advice; see the risk disclaimer.