Hermes Market

Hermes Market is a retail forex and CFD broker operating under the domain hermesmarket.net. It was founded on 1 April 2020 and is registered in Australia, though its regulatory oversight is based in Cyprus through the Cyprus Securities and Exchange Commission (CYSEC).

The broker presents itself as an online trading platform, but independent public information about its operations, ownership, and track record is extremely limited. As of this review, there are no user testimonials, detailed trading histories, or third-party audits available to verify its claims.

Hermes Market holds a CYSEC licence, which is a European regulatory framework. However, the status of this licence is marked as '—', meaning its current validity or operational standing cannot be confirmed through independent sources. CYSEC-regulated brokers are typically subject to capital adequacy requirements and client fund segregation rules, but without clear evidence of active compliance, this licence may offer limited protection.

The broker is registered in Australia but does not hold an Australian Financial Services Licence (AFSL), indicating that its Australian registration may be for corporate purposes only and not for offering financial services in that jurisdiction. This regulatory ambiguity is a significant red flag for traders seeking a protected trading environment.

Due to the lack of publicly available information, specific trading conditions such as spreads, leverage, instruments, platforms, and account types cannot be independently verified. The broker's website may claim to offer forex, commodities, indices, and cryptocurrencies as CFDs, but these details remain unconfirmed.

Potential clients are advised to approach any advertised features with caution. The absence of transparent or audited data suggests that traders may be taking on substantial risk without the ability to properly assess the broker's reliability or performance.

FXCanary's in-house analysis assigns Hermes Market a Scam Risk Score of 85 out of 100, categorised as 'Severe'. This score reflects the combination of an unverifiable regulatory status, limited public footprint, and the absence of independent user reviews.

The broker's business model, regulatory gaps, and lack of transparency place it in a high-risk category. Traders considering Hermes Market should be aware that the potential for fraud or operational failure is significantly elevated. In FXCanary's assessment, the risk of losing deposited funds is substantial.

Hermes Market is not recommended for any category of trader, whether beginner or experienced, due to the severe risk profile. The broker's unclear regulatory standing and lack of verifiable data make it unsuitable for those seeking a secure and transparent trading experience.

Traders who prioritise regulatory protection, client fund safety, and proven track records should avoid Hermes Market entirely. There are many regulated brokers with strong reputations and clear operational histories that offer far safer trading environments.