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Hamen Prime

United Kingdom|2-5 years|
White label MT5|Regional Brokers|Australia Appointed Representative(AR) Revoked|High potential risk|

https://www.hamenprime.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

1
Server Name
HamenPrime-Server MT5
Server Location Hong Kong

Contact

hamenprime@gmail.com
https://www.hamenprime.com/

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Broker Information

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Company Name

Hamen Prime Limited

Company Abbreviation

Hamen Prime

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-05-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • AustraliaASIC (license number: 001293984) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

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Hamen Prime · Company Summary

General Information & Regulation

Established in 2015, Hamen Prime is an online forex broker registered in the United States. With its rapid development, this company has been able to provide services in more than 120 countries around the world. Hamen Prime Limited is currently authorized and regulated by the Australia Securities and Investment Commission (Appointed Representative License), with regulatory license number 001293984.

Market Instruments

Hamen Prime offers popular trading products, including forex currencies, index, metals, commodity, stocks as well as cryptocurrencies.

Minimum Deposit

Hamen Prime offers two types of trading accounts, that is, the standard account and the prime account. However, this broker seems not disclose its minimum initial deposit for these two trading accounts.

Leverage

Trading leverage differs depending on particular instruments. The maximum leverage for forex trading up to 500:1, index trading up to 333:1, leverage for XAGUSD trading up to 100:1, XAUUSD trading up to 500:1, oil trading up to 200:1, maximum available leverage for stock up to 20:1, for cryptocurrency up to 33:1.

Spreads & Commissions

Spreads and commissions vary depending on different trading accounts. For example, the minimum spread on the EUR/USD pair for the standard account is from 1.4 pips, requiring no handling fees. And the Prime account require a commission of $7 per lot with its spreads as low as 0.2 pips on the EUR/USD pair.

Swap Rates

Hamen Prime may charge overnight interests, and the following shows the latest swap rates on the platform.

Swap

Trading Platform Available

When it comes to trading platform available, what Hamen Prime provides its traders is not the famous MT4 or MT5 trading platform, it is an App instead, available on Android and IOS devices.

Trading Time

The table below to check the opening and closing time of the product. Please note that the server time and the chart of Hamen Prime are GMT+2 or GMT +3 (daylight saving time).

Trading

Deposit & Withdrawal

Each minimum deposit remains unknown. Hamen Prime does not disclose its payment methods supported.

Customer Service

Hamen Prime offers 24/7 customer support and they can be reached through live chat.

The Hamen Prime official website is multilingual, available in English, French, German, Japanese, Spanish, and Chinese.

User Reviews

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FX1421001220
more than one year
I recently came across Hamen Prime, and was initially impressed by their claim to be regulated by ASIC. However, upon further investigation, I discovered that their ASIC license had actually expired. This has made me very concerned about the legitimacy of this company, and I no longer feel comfortable investing with them.
2023-04-03 16:35
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