Hextra Prime Journal (Broker out of business)
| Journal status: closed Hextra Prime out of business |
Hextra Prime Profile
Website
hextraprime.com
Year
2020
Country
SVG
Branches
1
Regulation
not regulated
Registration
FSA SVG
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х Armenia, Austria, Azerbaijan, Belarus, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Georgia, Germany, Greece, Hungary, Ireland, Italy, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Luxembourg, Malta, Moldova, Netherlands, Poland, Portugal, Romania, Russia, Slovakia, Slovenia, Spain, Sweden, Tajikistan, Turkmenistan, UAE, US, Ukraine, Uzbekistan
Broker type
DMA, ECN marketing
Dealing book
A-book
Tier
3
Execution speed
3 ms
LPs total
20
LPs quality
Tier-1 Banks, Non-banks, ECNs
LPs names
...
Hextra Prime Accounts
ECN
Minimum Deposit
10 $
Leverage
5000 : 1
Minimum Lot
0.01 lots
EURUSD spread
0.1 pips
Commission
20 $/lotRT
Volume
50 lots
Margin Call
50 %
Stop Out
30 %
Execution
Market
Spread
floating
Scalping
no
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Bitcoin
Base currency
USD
Segregated accounts
no
Interest on margin
no
Inactivity fee
after 12 months
| Update broker |
Is Hextra Prime safe?
- Investor protection: no
- Regulation: not regulated
- Registration: FSA SVG
- Publicly traded: no
- Segregated account: no
- Guaranteed Stop Loss: no
- Negative Balance Protection: yes
Is Hextra Prime trusted?
- Information transparency: sufficient
★★★ - Customer service: ...
- Hextra Prime website: highly detailed, updated
★★★★★ - Hextra Prime popularity (by visitor count): low visits
★★
How Hextra Prime works
Aggregated Liquidity Pool
Over 20 liquidity providers: banks, non-banks, and ECN trading network
Over 20 liquidity providers: banks, non-banks, and ECN trading network
https://hextraprime.com/ecn-technology/
https://hextraprime.com/about-us/
The Company acts as principal and agent for the transmission of orders to the external market on behalf of the Client for the purposes of the security orders provided by the company; hence, the Company is not the solve execution venue for the execution of the orders of the Client. In external market, the company also transmits the customer's order.
https://hextraprime.com/order-execution-policy-i/
18.2. We may impose volume or other limits on any account at our own discretion.
51.11 ...on a per account basis, Hextra Prime follow a Negative Balance Protection policy that aims to ensure that your maximum losses from trading CFDs, including all related costs, are limited to (i.e. no additional liability incurs) the total funds in your trading account.
59.3 Unlawful trading techniques
..The idea of utilizing exchange procedures pointed towards misusing blunders in costs and additionally finishing up exchanges at off-market costs as well as by exploiting web delays (ordinarily known as "exchange", "killing" or "scalping" hereinafter, y and large, alludes as an "Exchange"). can't exist in an OTC market where the customer is purchasing or selling straightforwardly from the head; as needs be, we save the right, at our sole carefulness, NOT to allow the injurious abuse of Arbitrage on our Online Trading Facility...
51.11 ...on a per account basis, Hextra Prime follow a Negative Balance Protection policy that aims to ensure that your maximum losses from trading CFDs, including all related costs, are limited to (i.e. no additional liability incurs) the total funds in your trading account.
59.3 Unlawful trading techniques
..The idea of utilizing exchange procedures pointed towards misusing blunders in costs and additionally finishing up exchanges at off-market costs as well as by exploiting web delays (ordinarily known as "exchange", "killing" or "scalping" hereinafter, y and large, alludes as an "Exchange"). can't exist in an OTC market where the customer is purchasing or selling straightforwardly from the head; as needs be, we save the right, at our sole carefulness, NOT to allow the injurious abuse of Arbitrage on our Online Trading Facility...
https://hextraprime.com/client-agreement-terms-and-conditions-of-business-i/
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