Score

1.10 /10
Danger

HeroFx

United States

Within 1 year

Suspicious Regulatory License

High potential risk

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Score

Regulatory Index0.00

Business Index3.88

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

HeroFx · Company summary
AspectInformation
Company NameHeroFx
Registered Country/AreaUnited States
RegulationUnregulatory
Minimum Deposit$100
Tradable AssetsCryptocurrency, forex, commodities, real estate, and agricultural products
Account TypesStarter, Standard,Classic, Executive, Expert and Partnership
Customer SupportEmail and live chat
Educational ResourcesFAQs

Overview of HeroFx

HeroFx is a new US-based online investment platform established by a team of professional traders focusing mainly on crypto currency trading over multiple exchanges and market. The platform offers a wide range of services, including trading on financial markets, cryptocurrency exchanges, real estate investment, stock trading, and gold trading.

They claim to offer a user-friendly trading experience with a wide range of tradable instruments, multiple account types, and educational resources. However, the website lacks transparency regarding key areas such as trading platforms and fees.

Overview of HeroFx

Regulatory Status

HeroFx currently does not hold any valid regulatory certificates. Although it is incorporated in the United States, it lacks regulation from any recognized financial authority. It is crucial to understand that engaging with an unregulated broker involves significant risks, as there is no supervisory entity to enforce ethical practices and safeguard client assets.

Regulatory Status

Pros and Cons

HeroFx provides a wide range of tradable instruments, including cryptocurrencies, forex, commodities, real estate, and agricultural products. The platform's multiple account types cater to different levels of investors, from beginners to high-net-worth individuals. Additionally, HeroFx offers a straightforward account opening process, making it easy for new users to get started. The platform also boasts a responsive customer support team available via email and online chat.

However, there are several drawbacks to consider. One of the significant issues is the lack of regulatory oversight, as HeroFx does not hold any valid regulatory certificates. Another disadvantage is the platform's limited transparency regarding trading platforms and fees, which could hinder informed decision-making. Additionally, withdrawals are only processed on Saturdays, which could be inconvenient for investors needing timely access to their funds.

ProsCons
Diverse range of tradable instrumentsNo valid regulatory certificates
Multiple account typesLimited transparency regarding trading platforms and fees
Straightforward account opening processWithdrawals only processed on Saturdays
Range of educational resourceLimited educational resources
Responsive customer support available via email and online chat

Market Instruments

HeroFx offers a diverse range of market instruments, providing investors with numerous opportunities to diversify their portfolios and maximize returns. The primary market instruments available on HeroFx include:

  1. Cryptocurrency Trading: HeroFx focuses heavily on cryptocurrency trading, particularly Bitcoin. The platform allows investors to trade various cryptocurrencies across multiple exchanges, leveraging the expertise of professional traders to navigate the volatile crypto market and generate profits.
  2. Forex Trading: The foreign exchange market is another significant area of focus for HeroFx. Investors can trade various currency pairs, benefiting from the platform's advanced trading tools and strategies designed to optimize forex trading performance.
  3. Commodities: HeroFx offers trading opportunities in commodities such as gold, oil, and gas. These commodities provide a hedge against inflation and market volatility, allowing investors to balance their portfolios and reduce risk.
  4. Real Estate: Real estate investment is another key instrument available on HeroFx. The platform provides access to lucrative real estate projects, enabling investors to gain exposure to the property market and benefit from long-term capital appreciation.
  5. Agricultural Products: HeroFx also includes agricultural products in its range of market instruments. Investing in agriculture can provide stable returns and diversification, as the demand for food and agricultural commodities tends to be less volatile compared to other markets.
Market Instruments

Account Types

HeroFx offers several account types to cater to the diverse needs of its investors. These account types are structured to accommodate varying levels of investment and risk tolerance, ensuring that both novice and experienced investors can find a suitable plan:

  1. Starter Plan: Designed for beginners, this plan requires a minimum investment of $100 and offers a daily return of 2% over six days.
  2. Standard Plan: With a minimum investment of $5,000, this plan provides a daily return of 2.5% over six days.
  3. Classic Plan: This plan requires a minimum investment of $50,000 and offers a daily return of 3% over six days.
  4. Executive Plan: For more experienced investors, this plan requires a minimum investment of $70,000 and provides a daily return of 3.5% over six days.
  5. Expert Plan: This plan targets high-net-worth individuals, requiring a minimum investment of $100,000 and offering a daily return of 4% over six days.
  6. Partnership Plan: The most exclusive plan, requiring a minimum investment of $500,000, provides a daily return of 4.5% over six days.
Account Types

Account Opening Process

Opening an account with HeroFx is straightforward and user-friendly. Here are the steps to get started:

  1. Registration: Visit the HeroFx website and click on the “Create Account” button. Fill in the required details, including your name, email address, and password.
  2. Verification: Verify your email address by clicking on the confirmation link sent to your inbox. This step is crucial for account security and to activate your account.
  3. Deposit Funds: Once your account is verified, log in and navigate to the “New Investment” section in the dashboard. Choose your preferred deposit method and enter the amount you wish to invest. Follow the on-screen instructions to complete the deposit.
  4. Start Trading: After your deposit is confirmed, you can start trading by selecting your desired investment plan and letting the platform's experts manage your investments.
Account Opening Process

Deposit and Withdrawal

HeroFX boasts a streamlined deposit process for trading accounts. Clients can choose from a variety of unspecified deposit methods for their convenience. The process involves logging in, navigating to the “New Investment” button in the dashboard, selecting a deposit method and completing the form with investment amount and package details. After receiving a wallet address, clients complete the payment and contact HeroFX support for confirmation.

Withdrawals are a separate process with a crucial limitation. HeroFX only processes withdrawal requests on Saturdays. Clients should plan accordingly and submit their withdrawal requests using the “WITHDRAW” button located at the top center of their account dashboard. While HeroFX states they will process the withdrawal immediately and send funds directly to the client's Bitcoin wallet, the Saturday-only processing window is essential to consider.

Deposit and Withdrawal

Customer Support Options

HeroFx prides itself on providing excellent customer service. Clients can reach the support team through various channels, including email(contact@herofx.org) and online Chat feature. The customer service team is responsive and knowledgeable, assisting clients with any issues they may encounter. This high level of support ensures that clients can resolve their problems efficiently and continue trading with minimal disruptions.

Customer Support Options

Educational Resources

HeroFx offers a FAQs section to answer questions abount account management and deposite & withdrawal. These resources are available to guide clients through the basic functionalities of HeroFx's trading platforms. Unfortunately, more diverse educational resources currently are unavailable.

Educational Resources

Conclusion

HeroFX offers a tempting array of tradable instruments and caters to various investor levels with its account types. The streamlined deposit process and responsive customer support are additional conveniences. However, significant drawbacks exist. The lack of regulatory oversight poses a major risk, and the platform's lack of transparency regarding fees and trading platforms makes informed decision-making difficult. Furthermore, Saturday-only withdrawals restrict investor flexibility.

FAQs

Is HeroFx Investment a regulated broker?

No, HeroFx Investment is not regulated by any financial authority.

What types of investments does HeroFX offer?

HeroFX offers a variety of investment options, including cryptocurrency, forex, commodities, real estate, and agricultural products.

What account types does HeroFX offer?

HeroFX has various account types with different minimum investment requirements and promised returns.

How can I contact HeroFX customer support?

HeroFX offers customer support via email and online chat.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

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