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Helios FX Review: Legit Broker or Just Another Scam?

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Daniel Johnson

His career began in retail banking, where he honed his skills in assisting clients with various financial needs. Over the years, Daniel transitioned into supporting traders and investors, becoming well-versed in the intricacies of the trading industry.

At traderhelpbook.com, Daniel plays a pivotal role as the head of customer support. He is dedicated to ensuring that every user receives prompt and effective assistance. Daniel ‘s deep understanding of financial services and his commitment to customer satisfaction make him instrumental in providing a positive experience for our users. His friendly demeanor and problem-solving skills contribute to building trust and fostering long-term relationships with our community of traders and investors.

Helios FX — an honest account of a broker that boldly offers clients “super” conditions. Narrow spreads, fast execution, a welcome bonus upon registration: the project owners are confident you’ll like it. To give you more context, here’s the rest of the picture: the registration is fake, no one mentions any license, and trading conditions are only partially disclosed. We are certain that the platform was created by scammers hunting for your funds. To avoid falling victim, read our detailed analysis below.

Does Helios FX Show Any Risk Factors?

The company presents an official website designed to resemble an informational resource of a real regulated broker. At the same time, Helios FX tries to convince visitors that it operates legally and provides services within the law. However, once you examine the official information about the platform, all the owners’ claims vanish like smoke.

And how could it be otherwise, if the company cannot even clearly introduce itself? In the footer, the site states that fxhelios.com is a trademark and belongs to Helios FX, for which a registration number is provided. Meanwhile, on the About page, the company is referred to as LTC F S Group. So, which legal entity actually owns the platform? Such confusion even at the brand level — is a clear red flag: if the company cannot remember or clearly state its own name, how can you trust it with clients’ money?

The provided registration number B21060735 is supposed to reassure traders of the broker’s official existence. Yet it’s completely unclear in which country it was issued, and the site doesn’t say a word about that. An address in Georgia is listed, but the problem is that Georgian company registration numbers (tax numbers) contain 9 digits. Therefore, there is no evidence of registration in Georgia. This was confirmed by checking the official Public Registry of Companies.

We checked all options: the registration number, the company name, the broker’s name (the latter two in different spellings) — no results. We also looked through registries of countries where a similar registration number format is possible: Spain (where this format is common), the UK (less common), and Luxembourg. Search results were also zero. We even checked OpenCorporates, which stores data on 223+ million legal entities worldwide. Nothing there either. In other words, we are dealing either with a false number (if so, another big strike against the company) or with a company that is not registered anywhere.

Moreover, the company’s name is not the only thing the broker’s staff mix up. They also have problems with the project’s age: sometimes they claim the company has existed since 2021 and accumulated significant experience over 5 years, and elsewhere they mention 15 years of successful industry experience. The second statement sounds impressive, of course.

However, Whois doesn’t lie: the domain was registered on January 20, 2025, and the site appeared just four days later. So the broker’s “history” is barely over seven months old, yet it is already embellished with tales of years and even decades. Statistics claiming that 372 million client orders were executed during this time are even more absurd. Even over 5 years, this averages 208,000 trades per day (excluding holidays and weekends), which makes the seven-month claim ridiculous.

Fxhelios.com reviews confirm the story: the company tells a legend but forgot to make it believable. Almost no one knows about it, and only 10 comments appear on Trustpilot. Interestingly, the first one appeared in May 2025, meaning the project may be even younger. Out of these ten posts, nine are glowing, praising the company for everything. Excellent marketing campaign, and the project owners clearly spared no money. By the way, this alone is a red flag: typically, only scammers pay for a positive online image.

Let’s Break Down the Jurisdiction

Helios FX lists an address in Georgia. If the company’s registration were confirmed, what would it mean for a trader? In Georgia, brokers obtain authorization from the National Bank of Georgia (NBG). Licenses issued by the NBG are considered reliable and trustworthy because:

  • The National Bank of Georgia is the country’s main financial regulator, responsible for overseeing the entire financial sector. It operates independently and strives to meet international standards, including Basel III principles and EU directives.
  • NBG requires brokers to follow strict rules, including anti-money laundering (AML) and Know Your Customer (KYC) policies. This significantly reduces risks for clients.
  • To obtain a license, brokerage companies must meet requirements regarding authorized capital, management qualifications, and technological infrastructure. This ensures that only serious and financially stable companies operate in the market.
  • The regulator publishes a list of all licensed brokers and investment companies on its website, allowing anyone to verify the legality of a broker’s operations. Information about Forex brokers can be found here.
  • The National Bank of Georgia is the country’s main financial regulator, responsible for overseeing the entire financial sector. It operates independently and strives to meet international standards, including Basel III principles and EU directives.
  • NBG requires brokers to follow strict rules, including anti-money laundering (AML) and Know Your Customer (KYC) policies. This significantly reduces risks for clients.
  • To obtain a license, brokerage companies must meet requirements regarding authorized capital, management qualifications, and technological infrastructure. This ensures that only serious and financially stable companies operate in the market.
  • The regulator publishes a list of all licensed brokers and investment companies on its website, allowing anyone to verify the legality of a broker’s operations. Information about Forex brokers can be found here.

What Does the Fxhelios.com Website Reveal?

We have already noted that Helios FX tried to make the website look as much like a licensed broker’s web resource as possible. In many respects, it succeeded. This applies to the number of pages, their topics, and the organization of navigation. Everything looks quite solid and well thought out. The less successful color scheme and images are merely a matter of designer taste and template limitations.

However, a closer look at the content revealed that things are not as impressive as they seemed. There are far more shortcomings than strengths. Some of the problems include:

  • Lack of detailed information about the company. An address and contact details are far from everything a trader wants to know. A trader would expect to see registration information, license number and date, the regulator that issued it, company banking details, management information, financial statements, etc. Most regulators (all European ones) also require this. Yet the broker ignores both the requests of clients and regulatory requirements. Then again, what else could be expected from an unlicensed platform?
  • Hidden information about trading instruments and contract terms. In the Markets section, traders will find decent descriptions of each available asset group. But why didn’t Helios FX provide lists of trading instruments for each group (there are about 2,100 on the platform) and publish contract specifications? We have no answer to this.
  • Legal documents that do not meet industry standards. Take a look at the Terms of Use — is THIS a proper user agreement? And the Privacy Policy ignores the laws of almost every country.
  • Lack of detailed information about the company. An address and contact details are far from everything a trader wants to know. A trader would expect to see registration information, license number and date, the regulator that issued it, company banking details, management information, financial statements, etc. Most regulators (all European ones) also require this. Yet the broker ignores both the requests of clients and regulatory requirements. Then again, what else could be expected from an unlicensed platform?
  • Hidden information about trading instruments and contract terms. In the Markets section, traders will find decent descriptions of each available asset group. But why didn’t Helios FX provide lists of trading instruments for each group (there are about 2,100 on the platform) and publish contract specifications? We have no answer to this.
  • Legal documents that do not meet industry standards. Take a look at the Terms of Use — is THIS a proper user agreement? And the Privacy Policy ignores the laws of almost every country.

However, our goal is not to go into every detail. It is enough for potential clients to notice even a few shortcomings and ask themselves: is this broker really as good as it claims to be? Hopefully, this will at least prevent some traders from suffering significant financial losses.

Is the Broker Offering Fair or Risky Terms for Traders?

So, the main source of information about Helios FX’s trading conditions is not published. There are no contract specifications, so traders have to make do with the minimum that content managers included in the account types table.

The broker offers users five account plans:

  • Bronze. Requires a deposit starting from $250. Maximum leverage is 1:100, trading commissions are $2 per lot, and spreads start from 1.8 points. As with most scammers, costs on the starter account are significantly inflated.
  • Silver. Requires a deposit from $2,500. Commissions are reduced to $1.75, spreads to 1.5 points. Traders gain access, in addition to cryptocurrencies and Forex, to exchange-traded commodities. For such modest upgrades compared to the starter plan, the tenfold price increase is excessive.
  • Gold (from $7,500) and Platinum (from $25,000). Leverage increases further: up to 1:200 and 1:250 respectively, with lower costs.
  • Diamond (minimum $50,000). Spread sizes are unknown (the broker only mentions “raw spreads”), trading commission is $0.25 per lot. Leverage goes up to 1:500.
  • Bronze. Requires a deposit starting from $250. Maximum leverage is 1:100, trading commissions are $2 per lot, and spreads start from 1.8 points. As with most scammers, costs on the starter account are significantly inflated.
  • Silver. Requires a deposit from $2,500. Commissions are reduced to $1.75, spreads to 1.5 points. Traders gain access, in addition to cryptocurrencies and Forex, to exchange-traded commodities. For such modest upgrades compared to the starter plan, the tenfold price increase is excessive.
  • Gold (from $7,500) and Platinum (from $25,000). Leverage increases further: up to 1:200 and 1:250 respectively, with lower costs.
  • Diamond (minimum $50,000). Spread sizes are unknown (the broker only mentions “raw spreads”), trading commission is $0.25 per lot. Leverage goes up to 1:500.

In short, everything looks familiar: the trader is practically forced to deposit more to receive better conditions. But at the same time, leverage rises, increasing risks to unacceptable levels. This is the classic scammer scenario we have seen hundreds of times.

At the same time, without contract specifications, one of the main cost components — swaps — remains unknown. Clients also cannot see Margin Call and Stop Out levels. Without the first, it is impossible to assess potential trading profitability; without the second, the real risk level is unknown. A novice might agree to trade under such conditions, but for an experienced trader, this is a red warning light when it comes to Helios FX.

Technical Support Analysis of Helios FX

Those looking to communicate with the broker’s support will also encounter a few surprises. On the Contacts page, the company provides:

  • A feedback form.
  • Support email address.
  • An address in Georgia, listed as: Gori, village Kirbali.
  • A phone number from a Georgian mobile operator.
  • A feedback form.
  • Support email address.
  • An address in Georgia, listed as: Gori, village Kirbali.
  • A phone number from a Georgian mobile operator.

The only reliable channel appears to be submitting a request through the feedback form. Checking the email shows it is valid, but the server is down most of the time. The mobile phone number cannot be relied upon, as the listed settlement is on a boundary line and the signal can be cut at any moment.

The address itself looks quite strange. It does not include a street, building number, or office. It gives the impression that the entire village is occupied by the broker, or that they could not find a proper address online to pass off as theirs. It is almost openly suggested that looking for the company in the village Kirbali is pointless.

By the way, there are no links to social media pages. It seems the company cannot afford groups or channels, as there is no one to maintain activity in them. Updating the news feed on the website is as much as they manage. Speaking seriously, all this resembles the worst kind of scam rather than a legitimate platform.

Strengths and Weaknesses

  • The broker’s official website is well-structured and contains a lot of useful information.
  • The starting deposit of $250 is accessible to almost any trader.
  • The broker’s official website is well-structured and contains a lot of useful information.
  • The starting deposit of $250 is accessible to almost any trader.
  • The company’s official registration is not verified; no legal entity with this name is found in any registry.
  • There is no license, and the broker does not even mention one, which means that brokerage services are provided illegally.
  • Trading conditions are not fully disclosed, and those that are published lead to inflated costs and risks for platform clients.
  • The website contains a lot of inaccurate information, such as the company’s claimed history.
  • Reviews about the broker online are few, and the majority of those found are paid or commissioned by the project owners.
  • The company’s official registration is not verified; no legal entity with this name is found in any registry.
  • There is no license, and the broker does not even mention one, which means that brokerage services are provided illegally.
  • Trading conditions are not fully disclosed, and those that are published lead to inflated costs and risks for platform clients.
  • The website contains a lot of inaccurate information, such as the company’s claimed history.
  • Reviews about the broker online are few, and the majority of those found are paid or commissioned by the project owners.