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Hextra Prime

Saint Vincent and the Grenadines|2-5 years|
Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|High potential risk|

https://hextraprime.com

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

3
Server Name
HextraPrime-DEMO MT4
Server Location France

Contact

support@hextraprime.com
https://hextraprime.com
Suite 305, Griffith Corporate Centre, 1510, Beachmont, Kingstown, Saint Vincent and the Grenadines
https://web.facebook.com/Hextra-Prime-International-107333281787202/?_rdc=1&_rdr

Licenses

No valid regulatory information, please be aware of the risk!

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

Single Core

1G

40G

Open Now

Disclosure

Danger

MY SCM
2021-01-01
INVESTOR ALERT LIST
Hextra Prime

Broker Information

More

Company Name

Hextra Prime LTD.

Company Abbreviation

Hextra Prime

Platform registered country and region

Saint Vincent and the Grenadines

Company website
Facebook
Instagram
Linkedin

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-03-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Hextra Prime · Company Summary

Registered in St. Vincent and the Grenadines
Regulated by No effective regulation at this time
Year(s) of establishment 2-5 years
Trading instruments Currency pairs, metals, energy
Minimum Initial Deposit $15
Maximum Leverage 1:5000
Minimum spread 0.01 pips onwards
Trading platform MT4, own platform
Deposit and withdrawal method sure pay, rhb, affinbank, bsn, cimb, ambank, hongleong bank, publicbank
Customer Service Email/phone number/address/live chat
Fraud Complaints Exposure No for now

General information and regulations of Hextra Prime

Operating from Kingstown, Saint Vincent and the Grenadines, Hextra Prime is an online retail broker that was launched in 2020. Hextra Prime currently only accepts clients from Asia & the Pacific confederation, specifically from South East Asia. Hextra Prime does not provide services to the American region, Arab states, CIS countries, and European nations. Hextra Prime does not fall under any regulatory agency at this stage.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.

At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.

General information

Market instruments

Currency pairs, metals, energy.... Hextra Prime allows clients to access a series of trading markets. However, we must admit that there are not as many instruments as other forex brokers provide. cryptocurrencies, stocks and indices are currently unavailable.

market instruments

Spreads and commissions for trading with Hextra Prime

In the case of Hextra Prime, spreads and commissions depend on the instrument and the account. Let's take a raw account as an example. Minimum spreads are about 0.01 pips and commission is $3 - $6 per lot.

Account Types for Hextra Prime

Demo Account: Hextra Prime provides a demo account that allows you to try out the financial markets without the risk of losing money.

Live Account: Hextra Prime offers a total of 4 account types: standard, cashback, bonus and raw. The minimum deposit to open an account is $15, $15, $15 and $100 respectively. The threshold to open an account at Hextra Prime is quite low. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.

account types

Trading platforms offered by Hextra Prime

As for the trading platform, Hextra Prime provides its clients with two options. There is public platform such as MT4 that have served many clients worldwide, also Hextra Prime's own platform. If you didn't want to spend time familiarizing yourself with a new platform, you could choose MT4. But Hextra Prime's own platform provides better compatibility with businesses, as they are specially developed and customized platforms. The choice is yours.

trading platform

Leverage offered by Hextra Prime

Hextra Prime offers a maximum leverage of up to 1:5000, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.

Deposit and withdrawal methods and fees

As for deposits and withdrawals, the company lists only a few payment options, but does not cover the most important parts, such as additional fees, minimum amounts, time required for procedures, etc. the possible payment methods are: sure pay, rhb, affinbank, bsn, cimb, ambank, hongleong bank, publicbank.

deposit and withdrawal

Educational resources

There is no education section on the Hextra Prime website. Many brokers are able to provide a variety of educational resources such as video courses, seminars, e-books, related articles, glossaries that provide some basic knowledge about trading. This is not the case with Hextra Prime.

Customer support of Hextra Prime

Below are the details about the customer service.

Language(s): English

Service Hours: 24/5

Email: support@hextraprime.com

Address: Hextra Prime LTD. Suite 305, Griffith Corporate Centre, 1510, Beachmont, Kingstown, Saint Vincent and the Grenadines

customer support

Users exposures on WikiFX

We have not received any reports of fraudulent activity at this time. However, this does not necessarily mean that this broker is safe and you should remain vigilant to prevent being scammed.

Advantages and disadvantages of Hextra Prime

Advantages:

High leverage

MT4

Demo account

Low minimum deposit

Disadvantages:

No effective regulation

Few instruments available

Few information available

Few deposit and withdrawal information

No MT5

No copy trading

No educational resources

Frequent asked questions about Hextra Prime

Is this broker well regulated?

No, it is currently not effectively regulated and you are advised to be aware of its potential risks.

News

Zulu Trade Declares Partnership with Hextra Prime

NewsZulu Trade Declares Partnership with Hextra Prime

2023-07-04 16:36

ZuluTrade, the renowned online trading platform, has recently announced a collaborative effort with Hextra Prime, a prominent online forex broker. This partnership aims to provide Hextra Prime clients with seamless access to ZuluTrade's innovative social trading platform, empowering them with advanced features and functionalities.

WikiFX
2023-07-04 16:36
News
Zulu Trade Declares Partnership with Hextra Prime

User Reviews

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User comment

4

Comments

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FX1264856520
more than one year
I don't understand all the negative feedback here, It had me all stressed out and doubtful throughout the entire registration and withdrawal process. So I ended up doing a small test run with a small deposit and withdrew profits with no issues.
2023-02-28 15:07
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0
0
善不可失。
more than one year
Low minimum deposit brokers are always my type, plus its amazing leverage up to 1:5000, rich educational resources... Hextra Prime seems perfect, and I can’t help giving it a shot😀 😀😀
2023-02-15 09:13
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0
0
FX1071083505
more than one year
A very very young broker, an employee of this company contacted me to make investments here. I reviewed their official website, full of professional contents, rich charts & tools, technical and educational resources. I decided to open a demo account to see what’s gonna happen.
2022-12-02 13:34
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0
0
Jasmine
more than one year
1:500 leverage is amazing! Such high leverage is not recommended for beginners. After all, high leverage brings high profits but also high risks. Fraud brokers often use high leverage to induce traders to invest, and they will say very well that you only need to invest $10, but you're actually trading for $50,000 and you can make a lot of money. But the reality often backfires. The probability of losing is much higher than the probability of gaining.
2022-12-02 11:12
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