Hextra Prime-Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

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.

Market Instruments

With Hextra Prime, traders can get access to multiple financial instruments, including forex, precious metals, energies, stocks, indices, and cryptocurrencies.

Minimum Deposit

The minimum deposit required to start trading is $10. Although this amount sounds reasonable, given the fact that Hextra Prime is not regulated, traders are advised not to open accounts here.

Leverage

In terms of trading leverage, the maximum leverage level offered by Hextra Prime is way too high, reaching up to 1:5000. Since leverage can amplify gains as well as losses, traders should learn to manage risks and use leverage properly.

Spreads & Commissions

As per Hextra Primes website, the minimum spread from 0.1 pip, with the commission of 10 USD per lot.

Trading Platform Available

Al trading activities at Hextra Prime are carried out on the MetaTrader 4 trading platform. The MT4 trading platform is an advanced trading platform that was launched in 2005 by a Russian software company known as MetaQuotes. The platform is built with various tools and capabilities, including tehcnical indicators for market analysis and expert advisors, to help offer seamless access to the global financial markets. Hextra Prime makes the MT4 trading platform available in desktop, web, and mobile versions.

Deposit & Withdrawal

Traders are allowed to deposit and withdraw funds using the payment methods including Bank Transfer, Credit Card/Debit Card, such as MasterCard, Visa, as well as some online payment processors like Skrill and Neteller.

Customer Service

Hextra Prime s customer support team who are available 24/5 and can be contacted via telephone, email, online form, Live Chat, and social media — Facebook, Instagram, LinkedIn, YouTube, and Twitter.