Brokers  /  Herzen

Herzen

Severe risk
Marshall Islands · 2-5 years · since 2022-01-18 · Herzen
Unregulated
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Independent ratingshow third parties score this broker
WikiFX1.49/10
Trustpilot/5
Forex Peace Army/5
75
Severe risk
Scam Risk Scoremonitored · 2026-07-06
Lower riskHigher risk
  • No verified regulatory license on file
  • Registered in Marshall Islands (offshore, light oversight)
  • Withdrawal complaints in ~71% of recent reviews
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age4515%
Clone / impersonation012%
Withdrawal & exposure complaints5412%
Offshore registration808%
Transparency (site/info/social)5310%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameHerzen
Headquarters Marshall Islands
Founded2022-01-18
Years operating2-5 years
Employees0
Official websiteherzen-int.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods
Withdrawal methods
Instruments
Registered address
Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Repubic of Marshall Island MH96960.

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

Across 7 recent Trustpilot reviews, 29% are 1–2 star. The single most common complaint is being unable to withdraw funds (5 reports) — the classic warning sign in forex.

0
Period:
What users complain about
What users praise
Where reviewers are from
Malaysia3
Hong Kong1
Singapore1
United Kingdom1
Thailand1

Real user reviews

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About Herzen

Herzen is a forex and CFD broker based in Marshall Islands, with records dating to 2022-01-18. Critically, we could not verify any active forex-trading license for this broker.

FXCanary’s verdict is “Severe.” The combination of weak regulation and user complaints means your capital could be at serious risk.

Overview compiled by FXCanary from regulatory records and public data. full Herzen review