CYSEC — Cyprus
TRADE CAPITAL MARKETS (TCM) LTD
Regulated · No. 227/14
Hero Markets Review — Overview
Regulation
Tier-2 regulated
Licence
CYSEC · No. 227/14 • FSCA
Licence status
Regulated
Platforms
WebTrader
Max. leverage
1:2
Instruments
Forex, commodities, indices, cryptos
Typical spread
12
Operating
Est. 2016
Main market
NO
Entity
TRADE CAPITAL MARKETS (TCM) LTD
Website
Unknown
Hero Markets is a forex & CFD broker based in Cyprus, established in 2016. On Trust Broker Hub it holds a Trust Score of 5.6 out of 10, which we rate as Fair — above the industry average of 3.3/10. Mixed profile — check regulation and conditions before depositing.
Hero Markets's licence comes from an offshore jurisdiction (CYSEC and FSCA). Offshore regulation is far lighter than tier-1 oversight from bodies like the FCA (UK) or ASIC (Australia): there is usually no compensation scheme, and recovering funds can be difficult if the broker runs into trouble. Treat it with extra caution and verify the licence on the regulator's own register.
Hero Markets provides access to Forex, commodities, indices, cryptos. Published conditions include leverage up to 1:2. No complaints are currently on record. Overall, Hero Markets has a mixed profile: check its regulation and conditions carefully before depositing.
Trust score breakdown
How is this calculated?Trust Score history
Hero Markets currently scores 5.6/10. The trend line will build here as the Trust Score is re-evaluated over time.
Pros
- Holds a CYSEC licence
- No unresolved complaints on record
- Listed in our verified broker directory
Cons
- Offshore-only regulation with weaker investor protection
- Always verify the licence directly before depositing
Regulation
Tier 2 · Mid
Verified
FSCA — South Africa
TRADE CAPITAL MARKETS (TCM) LTD
Licence
Tier 2 · Mid
Verified
Offshore (tier-3) regulators typically have lower capital requirements and no compensation scheme. Funds may not be protected if the broker fails.
Trading conditions
| Instruments | Forex, commodities, indices, cryptos, shares, CFDs |
| Minimum deposit | Not disclosed |
| Maximum leverage | 1:2 |
| Typical spread | 12 |
| Platforms | WebTrader |
| Demo account | ✅ |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on Hero Markets
Our analysis · editorial
5.6/10
A mixed risk profile
Hero Markets is regulated under a mid-tier authority (CYSEC, FSCA). Based in Cyprus, it has been operating for about 10 years. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 5.6/10 — a mixed profile.
Strengths
- Holds a recognised mid-tier licence (CYSEC, FSCA)
- Holds 2 regulatory licences across multiple jurisdictions
- Long 10-year operating track record
- No complaints on record with us
- Supports WebTrader trading
Watch-outs
- Always confirm the licensed entity covers traders in your country
Bottom line: Proceed with caution: start with a small deposit and test a withdrawal early.
This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.
User reviews
5 0
4 0
3 0
2 0
1 0
Hero Markets — Questions & Answers
Log in to ask a question about Hero Markets.
No questions yet about Hero Markets. Be the first to ask — answers from the community and our team help every trader.
Complaints & alerts
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag Hero Markets here if that changes.
Full specifications
Regulated region
Cyprus
Operating period
2-5 years
Main market
NO
Licensed entity
TRADE CAPITAL MARKETS (TCM) LTD
License status
Regulated
Instruments
Forex, commodities, indices, cryptos, shares, CFDs
Year founded
2016
Frequently asked
Is Hero Markets a safe broker?
Hero Markets scores 5.6 / 10 on our Trust Score, above the 3.3 industry average. It is only offshore-regulated, which means weaker protection. It has no complaints on record. Trade only with funds you can afford to lose.
How is the Hero Markets trust score calculated?
The score weighs five factors: regulation tier, transparency of disclosures, operating footprint, user sentiment, and complaint history. Each is scored out of 10 and combined into the overall figure shown at the top. Read our methodology.
What does "offshore regulated" mean?
It means the broker's licence comes from a jurisdiction with lighter requirements than tier-1 regulators like the FCA or ASIC. There's usually no compensation scheme, so recovering funds can be difficult if the broker fails.
Can I withdraw funds easily from Hero Markets?
Hero Markets publishes some trading terms, but always confirm withdrawal fees directly. Test with a small amount first and document every transaction.