Do you want to trade on Hextraprime.com? Before you do that, read review to find out if Hextraprime FX is worth the cost.
About Hextraprime FX
Hextraprime is an offshore brokerage company with a lot of offers for traders. This broker claims ownership under the company called Hextra Prime group of companies. Also, it promises different accounting types such as Standard, Cashback, Bonus and Raw.
What is more, the broker offers different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
In spite the many trading instruments Hextraprime FX promises to offer, traders must know they are dealing with an unknown broker whose regulation claim is false.
See section below:
Withdrawal and Deposit
Hextraprime Withdrawal process:
Under withdrawal policy, Hextraprime does not provide information on withdrawal fee nor processing days on withdrawal request. The only documents specified are inactive accounts of $5 monthly fee and “research fee” of $150 if a chargeback is requested.
Minimum Deposit:
Hextraprime minimum deposit is indicated $15.
As for the payment methods, the broker does not mention any payment information. Legitimate brokers typically offer trader/users different payment methods such as bank transfer, credit/debit cards and established e-wallets.
Hextraprime Platform
Hextraprime offers MT4 (Industry standard trading platforms). The presence of MT4 doesn’t make the broker legit because any scam broker can do the same to lure forex traders. However, the broker is already a red flag for traders.
More so, leverage can get up to 5000. Well, steer clear from this broker as it is a way to make traders put good amount of money expecting to get big profit.
Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
More Reasons You Should Avoid Hextraprime.com Broker
Hextraprime.com is a platform with no financial authority overseeing its financial services. We believe this broker is not worth your money because Financial Services Authority SVG does not monitor or regulate brokers.
Regrettably, the broker is a clear scam whose presentation of SVG governance and regulation cannot be proved. We know SVG financial authority is not known for regulating forex brokers. This is a big warning for traders to avoid losing money with this broker. See excerpt from SVG
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
Hextraprime Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its licensed and regulation claims are false and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Conclusion:
Here, Hextraprime.com claims to be a regulated broker is not genuine. From indications, we would advise users to steer clear from this broker as it likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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