Overall Rating: ★★☆☆☆ (2.3/5.0)

HeroFX is an offshore forex and CFD broker offering trading via MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. While it markets itself as a zero-commission, raw-spread broker with high leverage and crypto funding, it operates without regulation from any top-tier authority. HeroFX is primarily registered in St. Vincent and the Grenadines, a known jurisdiction for unregulated brokers, and offers limited transparency on company structure or client fund security.

This HeroFX review evaluates its platform, pricing, safety, and whether it is a viable broker in 2025.

Key Features

HeroFX targets retail traders looking for anonymous account setup, crypto funding, and low-spread trading.

• Trading Platforms:
  • MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)
  • Available on desktop, mobile, and web
• Markets Offered:
  • Forex, indices, metals, commodities, stocks, and cryptocurrencies
• Account Types:
  • RAW MT5, Standard MT5, and ECN MT4
• Leverage:
  • Up to 1:500
• Minimum Deposit:
  • $20
• Funding Methods:
  • Primarily cryptocurrency only (BTC, USDT, ETH, etc.)

Regulation and Security

HeroFX is an unregulated offshore broker, posing a significant risk to client fund security.

• Registered in St. Vincent and the Grenadines
• No regulation from FCA, ASIC, CySEC, or FSCA
• No investor protection or compensation scheme
• No confirmed segregation of client funds
• No KYC for crypto deposits (anonymity possible)

Pricing and Costs

HeroFX claims to offer tight spreads and zero commission, but transparency is limited on actual trading costs.

• Spreads:
  • Raw Account: From 0.0 pips
  • Standard Account: From 1.0–1.5 pips
• Commission:
  • $6–$7 per lot round-turn on ECN accounts
• Deposit/Withdrawal Fees:
  • No fees from HeroFX, but blockchain network fees apply
• Inactivity Fee:
  • Not clearly disclosed

Educational Resources and Customer Support

HeroFX provides limited educational content, mostly promotional material and platform guides.

• Education:
  • No structured courses or webinars
  • Basic MT4/MT5 setup and FAQs
• Customer Support:
  • Live chat, email, and ticket system
  • No phone support
  • Availability is not 24/7

Risk Management Tools

HeroFX provides standard tools within MT4 and MT5, with no advanced analytics or built-in protection.

• Stop-loss, take-profit, trailing stops
• No guaranteed stop-loss orders (GSLOs)
• No negative balance protection confirmed
• Leverage fixed per account type, no dynamic margin tools

Pros and Cons

Pros

• MT4 and MT5 access
• Raw spreads available on ECN accounts
• Crypto-friendly with low minimum deposit
• Fast account setup without KYC for crypto users

Cons

• Unregulated broker with no investor protection
• Crypto-only funding limits accessibility
• No educational depth or advanced tools
• No guaranteed stop-loss orders or safety net
• Limited transparency and legal accountability

Conclusion: Is HeroFX the Right Choice?

No — HeroFX is not recommended for serious or security-conscious traders. While its raw spreads and crypto flexibility may attract short-term speculators, its lack of regulation, weak transparency, and absence of fund protection pose serious risks. Traders looking for reliable, well-regulated brokers with similar pricing should consider IC Markets, Pepperstone, or FP Markets instead.