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Hextra Prime

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Hextra Prime is a forex broker that offers low-cost trading fees and commissions. Read our review to learn more about Hextra Prime and to see if it's the right broker for you.

Operating status: SCAM

Website: https://hextraprimeasia.com/

Broker violations and abnormal records
  • 2021-02-02 The Securities Commission Malaysia (SC) Added Hextra Prime into Its Investor Alert List

    In 2021, The Securities Commission Malaysia (SC) issued a warning against Hextra Prime that this firm may possibly be a clone operating an illegal investment scheme and carrying on unlicensed capital market activities of dealing in securities. You may visit: https://www.sc.com.my/regulation/enforcement/investor-alerts/sc-investor-alerts/investor-alert-list


    In 2021, The Securities Commission Malaysia (SC) issued a warning against Hextra Prime that this firm may possibly be a clone operating an illegal investment scheme and carrying on unlicensed capital market activities of dealing in securities. You may visit: https://www.sc.com.my/regulation/enforcement/investor-alerts/sc-investor-alerts/investor-alert-list
  • 2022-02-14 BrokersView has reviewed that Hextra Prime is an Unregulated Forex Broker

    Hextra Prime claims to be owned and operated by Hextra Prime LTD., a liability company domiciled in the Kingstown, Saint Vincent and the Grenadines. We checked on FSA of St. Vincent (SVG FSA) and didn't find such matching from the registry list. Besides, even if the company is registered with SVG FSA, as a forex trader, you have to know that the SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate or supervise international companies engaging in such activities. Therefore, the broker is an unregulated entity. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, It is a scam. 

    Hextra Prime claims to be owned and operated by Hextra Prime LTD., a liability company domiciled in the Kingstown, Saint Vincent and the Grenadines. We checked on FSA of St. Vincent (SVG FSA) and didn't find such matching from the registry list. Besides, even if the company is registered with SVG FSA, as a forex trader, you have to know that the SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate or supervise international companies engaging in such activities. Therefore, the broker is an unregulated entity. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, It is a scam. 

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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