Global Broker Regulation Inquiry App
WikiFX
Ashraf20 
1-2 years
Is HeroFx a regulated broker?
Broker Issues
Regulation
07-05
United States
WikiFX
Reply
No, HeroFx is an unregulated broker. It was founded in 2017 in the United States but has not been regulated by any major financial authorities like the FCA, ASIC, or CySEC. This means that HeroFx does not adhere to the safety standards that regulated brokers must follow. For me, this lack of regulation is a major concern, as it leaves investors with limited protection in case of issues such as fraud or disputes. If you're considering using HeroFx for cryptocurrency or forex trading, it's important to understand the risks involved due to this regulatory gap.
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