HEROMARKETS COPY TRADING REVIEW 2026
#1 RatedCySEC-regulated broker with copy trading powered by Pelican Exchange - the same technology behind IC Markets and Pepperstone. Clean mobile experience, zero deposit fees, and a focus on the Nordic market.
OUR VERDICT
HeroMarkets is a CySEC-regulated broker operated by Trade Capital Markets (TCM) Ltd, primarily targeting the Nordic market. The copy trading system uses Pelican Exchange - the same technology behind IC Markets and Pepperstone's copy trading. The mobile app is polished, but spreads are above average, there's no MT4 support, and the aggressive inactivity fee structure is a real drawback. A decent option for Norwegian-speaking traders who value a clean mobile experience, but not competitive on cost or platform choice.
DETAILED SCORES
Trust & Regulation
78CySEC regulated (227/14), but FSCA license disputed. Only 11 Trustpilot reviews.
Copy Trading
82Pelican Exchange tech (same as IC Markets). Performance fees 0-50% set by providers.
Fees & Spreads
72~1.2 pips EUR/USD, no raw account option. 2% currency conversion fee.
Platform & UX
80Clean proprietary WebTrader and mobile app. No MT4, MT5 only for copy trading.
Asset Selection
70400+ instruments - well below IC Markets (3,583) and eToro (7,441).
Customer Support
68Email only. No phone or live chat. English and Norwegian only.
PROS
Legitimate CySEC Regulation
Regulated under CySEC license 227/14 as part of Trade Capital Holdings group, which also operates Trade.com.
Solid Copy Trading Technology
Uses Pelican Exchange - the same infrastructure powering IC Markets' IC Social and Pepperstone's copy trading.
Clean Mobile Experience
The Hero Markets app has a 4.8-star rating on the App Store. Clean UI, full trading functionality.
Zero Deposit/Withdrawal Fees
No fees on deposits or withdrawals currently, though the broker reserves the right to introduce them.
CONS
Above-Average Spreads
EUR/USD at ~1.2 pips is worse than IC Markets (0.62 pips Standard) and Pepperstone (1.1 pips). No raw account option.
No MT4 Support
Only the proprietary WebTrader for regular trading. MT5 is restricted to copy trading accounts. No cTrader.
Aggressive Inactivity Fees
$25/month after just 90 days of no trading, escalating to $100/quarter after 12 months. Among the harshest in the industry.
Email-Only Support
No phone or live chat. Only English and Norwegian. Competitors offer 24/7 multi-channel support.
2% Currency Conversion Fee
Charged on all currency conversions including overnight rollovers, dividends, and splits. This adds up.
Brand Confusion Risk
Multiple unrelated entities use the "Hero Markets" name. Some have been flagged by CySEC for unlicensed activity.
COMPANY HISTORY
Trade Capital Markets (TCM) Ltd incorporated in Cyprus
CySEC license 227/14 granted
HeroMarkets brand launched targeting Nordic market
Hero Social copy trading launched via Pelican Exchange
CySEC warns against impersonator site heromarkets-it.com
READY TO START?
Open an account with HeroMarkets today and start copy trading with as little as $100.
Risk Warning: CFDs are complex instruments with high risk of losing money rapidly due to leverage. 67-84% of retail investor accounts lose money when trading CFDs.