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Hextra Prime foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://cabinet.hextraprime.com/register, about the company's legal and temporary regulatory information, the company's address Suite 305, Griffith Corporate Centre, 1510, Beachmont, Kingstown, Saint Vincent and the Grenadines.

Hextra Prime Forex Broker

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Hextra Prime

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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. 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. 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. 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. 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. 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 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.
How to login to Hextra Prime?

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Basic Information

Registered Region
Saint Vincent and the Grenadines
Operating Period
--
Company Name
Hextra Prime LTD.
Abbreviation
Hextra Prime
Company employee
--
Customer Service Email Address
support@hextraprime.com
Company Website
Company Address
Suite 305, Griffith Corporate Centre, 1510, Beachmont, Kingstown, Saint Vincent and the Grenadines
How to login to Hextra Prime?
Hextra Prime Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Hextra Prime Account The first step to accessing the trading features of Hextra Prime is to complete the registration process. Heres how to do it in five straightforward steps: Accessing the Registration Page: Visit the official Hextra Prime website at hextraprime.com and locate the "Register" or "Sign Up" button, typically found at the top right corner of the homepage. Click on it to be directed to the registration form. Filling in Required Information: You will be presented with a registration form. Fill in the required fields, including your full name, email address, phone number, and desired password. Ensure that your password is strong to enhance security. Email/Phone Verification: After submitting the registration form, Hextra Prime will send a verification link to the email address you provided. Check your inbox (and spam folder) for this email and click on the link to verify your email address. Additionally, you may receive a verification code via SMS that you need to enter on the website. Identity Verification (if required): Depending on your region and the regulations applicable, you may be required to verify your identity. This typically involves uploading a government-issued ID (like a passport or drivers license) and proof of address (like a utility bill). Registration Confirmation: Once all required information is submitted and verified, you will receive a confirmation email indicating that your registration was successful. You can now proceed to open your account. Common Registration Issues and Solutions Email Not Received: If you do not receive the verification email, check your spam folder. If its not there, try resending the verification email from the Hextra Prime registration page. Verification Code Issues: If the SMS verification code does not arrive, ensure that your phone number is entered correctly. You may also request a new code. Document Rejection: If your identity verification documents are rejected, ensure they are clear and legible. Resubmit them after checking that they meet the platform's requirements. Regional Differences in Registration Hextra Prime currently only accepts clients from Asia and the Pacific regions, specifically Southeast Asia. Residents from the Americas, Arab states, CIS countries, and European nations are not eligible to register. Always check for regional restrictions when registering. Part Two: Hextra Prime Account Opening Detailed Guide Understanding Account Registration vs. Account Opening While registration is the initial step to create an account on Hextra Prime, account opening involves selecting the account type and funding it for trading. Preparation Work Before Account Opening Before opening an account, ensure that you have: Completed the registration process. Verified your email and phone number. Gathered any required documentation for identity verification. Detailed Account Opening Steps Selecting Account Type: Log in to your Hextra Prime account and navigate to the "Account Types" section. Hextra Prime offers various account types, including Standard, Cashback, Bonus, and Raw accounts. Choose the one that best suits your trading style. Submitting Required Documents: Depending on the account type selected, you may need to submit additional documents. This could include proof of identity, proof of address, and any other documents as specified by Hextra Prime. Account Review Process: After submitting your documents, they will undergo a review process by Hextra Prime's compliance team. This typically takes a few hours to a few days, depending on the volume of applications. Account Activation: Once your account is approved, you will receive a notification via email. Your account will then be activated, allowing you to deposit funds. Initial Setup: After activation, log in to your account and set up your trading preferences. You can also download the trading platform (MT4 or Hextra Prime's proprietary platform) to start trading. Frequently Asked Questions About Account Opening How long does the account opening process take? The process can take anywhere from a few hours to a couple of days, depending on document verification and approval. What is the minimum deposit required? The minimum deposit varies by account type, starting from as low as $15. Next Steps After Opening an Account After successfully opening your account, the next steps include funding your account, familiarizing yourself with the trading platform, and beginning to trade. Make sure to review any educational resources provided by Hextra Prime to enhance your trading knowledge. Part Three: Hextra Prime Login Process Explained Basic Web Login Process Logging into your Hextra Prime account is a straightforward process. Follow these steps: Visit the Hextra Prime Website: Go to the official Hextra Prime website and click on the "Login" button located at the top right corner. Enter Your Credentials: Input your registered email address and password in the respective fields. Two-Factor Authentication (if enabled): If you have enabled two-factor authentication, you will receive a code via SMS or email. Enter this code to proceed. Click on Login: Click the "Login" button to access your account. Successful Login Confirmation: Upon successful login, you will be redirected to your account dashboard where you can manage your trading activities. Mobile App Login Process If you prefer to trade on the go, you can also log in via the Hextra Prime mobile app. The steps are similar to the web process: Open the app, enter your credentials, and follow any additional verification steps. Other Login Methods Currently, Hextra Prime does not support third-party login methods or Single Sign-On (SSO) options. Common Login Issues and Solutions Forgotten Password: If you forget your password, click on the "Forgot Password?" link on the login page. Follow the instructions to reset your password. Account Lockout: If you enter incorrect credentials multiple times, your account may be temporarily locked. Wait for a few minutes before trying again or contact customer support. Technical Issues: If you experience technical difficulties, try clearing your browser cache or using a different browser. Overview of Features After Login Once logged in, you can access various features such as trading platforms, account management tools, market analysis, and customer support options. Additional Sections Account Security Recommendations Use a strong, unique password and enable two-factor authentication for added security. Regularly update your password and be cautious of phishing attempts. Best Practices for Account Management Keep your personal information updated. Regularly monitor your account for any unauthorized transactions. Utilize demo accounts to practice trading strategies without financial risk. How to Get Technical Support If you encounter any issues during registration, account opening, or login, reach out to Hextra Prime's customer support via email at support@hextraprime.com or use the live chat feature on their website. This comprehensive guide aims to provide a clear pathway for users looking to register, open an account, and log in to Hextra Prime. By following these steps and utilizing the provided resources, users can effectively navigate the platform and start their trading journey.

Hextra Prime Forex Broker - Complete Information Guide

1. Broker Overview

Hextra Prime, established in 2020, is an online trading broker that operates under the name Hextra Prime Ltd. The company is headquartered in Kingstown, Saint Vincent and the Grenadines, and is privately held. Hextra Prime primarily serves clients in the Asia-Pacific region, specifically targeting Southeast Asia. The broker claims to offer a wide range of trading services, including forex trading and Contracts for Difference (CFDs).

Since its inception, Hextra Prime has aimed to provide competitive trading conditions, including low spreads and high leverage options, appealing to both novice and experienced traders. However, the company has faced scrutiny regarding its regulatory status and operational practices. Hextra Prime's business model focuses on retail forex trading, and it also claims to provide institutional services, although specific details about these offerings are limited.

Despite its claims of compliance with financial regulations, various reports indicate that Hextra Prime may not be operating under legitimate regulatory oversight, raising concerns about the safety of client funds. This situation has led to the broker being flagged by multiple regulatory bodies.

2. Regulatory and Compliance Information

Hextra Prime does not hold a valid license from any recognized financial regulatory authority. The Securities Commission of Malaysia has added Hextra Prime to its investor alert list, warning that the broker may be operating an illegal investment scheme. The broker claims to be registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, but there is no evidence of such registration being valid or recognized for forex trading activities.

The lack of regulation implies that Hextra Prime does not offer investor protection schemes, such as compensation funds or segregated accounts for client deposits. Furthermore, the broker's compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations is unclear, which poses additional risks for potential investors.

Given these factors, it is crucial for traders to exercise caution when considering Hextra Prime as their forex broker, as the absence of regulatory oversight significantly increases the risk of financial loss.

3. Trading Products and Services

Hextra Prime claims to offer a variety of trading products, including:

  • Forex Currency Pairs: The broker provides access to numerous forex pairs, although the exact number is not specified.
  • CFD Products: This includes indices, commodities, precious metals, and cryptocurrencies. However, the availability of certain asset classes may vary.
  • Special Products: There are indications that Hextra Prime may offer unique trading opportunities, but specific details are scarce.

The broker also mentions that it provides retail trading services, focusing on individual traders, but does not provide comprehensive information about institutional client services or white-label solutions. The frequency of product updates and the introduction of new trading instruments have not been disclosed, making it difficult to assess the broker's commitment to expanding its offerings.

4. Trading Platforms and Technology

Hextra Prime offers the widely recognized MetaTrader 4 (MT4) platform for trading, which is known for its user-friendly interface and advanced trading tools. The broker also claims to have developed its proprietary trading platform, although details about its features and functionalities remain vague.

The broker supports both desktop and mobile trading applications, allowing clients to trade on the go. However, the absence of a MetaTrader 5 (MT5) option may limit some advanced trading functionalities. Hextra Prime operates on an ECN execution model, which is designed to provide direct market access and competitive pricing.

The technical infrastructure of Hextra Prime, including server locations and latency, has not been disclosed, which raises questions about the quality of trade execution and overall trading experience. Additionally, API access for automated trading is not mentioned, potentially limiting algorithmic trading opportunities for clients.

5. Account Types and Trading Conditions

Hextra Prime offers several account types, including:

  • Standard Account: Minimum deposit of $15, with spreads starting from 1.5 pips and no commissions.
  • Cashback Account: Similar minimum deposit requirements, but offers cashback incentives.
  • Bonus Account: Designed to attract new clients with promotional bonuses.
  • Raw Account: Requires a minimum deposit of $100, with spreads starting from 0.01 pips and commissions ranging from $3 to $6 per lot.

The maximum leverage offered by Hextra Prime varies by account type, with ratios reaching up to 1:5000, which is significantly higher than what is typically offered by regulated brokers. The minimum trading lot size and overnight fees are not explicitly detailed, which may affect traders' decision-making.

6. Fund Management

Hextra Prime supports various deposit methods, including bank transfers and credit/debit cards. The minimum deposit requirement varies by account type, with the lowest being $15 for standard accounts. However, specific details regarding deposit processing times and fees are not clearly outlined on the broker's website.

Withdrawal methods and restrictions are also ambiguous, with reports indicating that clients often face difficulties accessing their funds. Withdrawal processing times are not specified, and there are indications of potential fees associated with withdrawals, particularly for inactive accounts.

7. Customer Support and Educational Resources

Customer support at Hextra Prime is available through email and online chat, but the absence of a dedicated phone line may limit accessibility for some clients. The broker operates within a 24/5 service window, catering primarily to clients in the Asia-Pacific region.

The support team claims to provide assistance for various inquiries, but the effectiveness of their responses has been questioned by users. Additionally, Hextra Prime does not appear to offer a comprehensive suite of educational resources, such as webinars, tutorials, or market analysis, which may hinder the development of novice traders.

8. Regional Coverage and Restrictions

Hextra Prime primarily serves clients from the Asia-Pacific region, specifically Southeast Asia. The broker does not accept clients from the Americas, Arab states, CIS countries, or European nations, which limits its market reach significantly.

This restriction may be due to the broker's unregulated status, as many jurisdictions require brokers to be licensed to operate within their territories. As such, potential clients are advised to consider these limitations when evaluating Hextra Prime as a trading option.

In conclusion, while Hextra Prime presents itself as a forex broker with a range of trading products and services, the lack of regulatory oversight and transparency raises serious concerns about its legitimacy and the safety of client funds. Prospective traders should exercise extreme caution and consider established, regulated brokers for their trading needs.

Latest Reviews

FX1264856520

FX1264856520

South Africa

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.

37130

2023-02-28

FX1071083505

FX1071083505

Australia

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.

Positive

2022-12-02

Hextra Prime

News

Zulu Trade Declares Partnership with Hextra Prime

News Zulu Trade Declares Partnership with Hextra Prime

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.

Hextra Prime Forex Broker has an overall rating of 1.53, Regulatory Index 0.00, License Index 0.00, Business Index 7.13, Software Index 4.00 Risk Control Index 0.00.
Hextra Prime