What Is HexMarkets?
HexMarkets Is A Trading Platform That Aims To Build Trust And Loyalty With Its Clients By Providing A Systematic Trading Experience And Superior Execution. The Platform Strongly Believes In The Power Of Technology To Transform Trading And Offers The Latest Trading Platform That Combines Advanced Features And A User-friendly Interface. HexMarkets Offers A Diverse Range Of Trading Instruments Covering A Wide Range Of Asset Classes With Six Different Live Account Types. The Platform Is Registered In Saint Vincent And The Grenadines And Is Not Currently Regulated.
Advantages And Disadvantages
Advantages:
- Wide Range Of Trading Tools: HexMarkets Offers A Wide Range Of Trading Tools Across Multiple Asset Classes, Providing Traders With Multiple Options.
- Flexible Leverage Ratios: HexMarkets Offers Different Leverage Ratios For Its Different Account Types, Allowing Traders To Adjust Leverage Ratios Based On Risk Tolerance And Trading Strategies.
- Multiple Payment Options: HexMarkets Offers A Wide Range Of Payment Options, Making It Easy For Traders To Access Their Funds.
- Multi-channel Contact Support: HexMarkets Offers Customer Support Through Multiple Channels, Allowing Traders To Seek Assistance Through Various Communication Channels Such As Phone, Email, Or Online Messages.
Cons:
- Unregulated: HexMarkets Is Currently Unregulated, Which Means It Lacks The Oversight And Protection Offered By Regulated Brokers. This May Increase The Risk For Traders.
- Higher Spreads Compared To Some Other Brokers: HexMarkets Has Higher Spreads Compared To Some Other Brokers In The Market, Which May Affect Traders' Overall Transaction Costs.
- Regional Restrictions: HexMarkets Has Regional Restrictions On Its Services To Citizens/residents Of The United States, Cuba, Iraq, Myanmar, North Korea, Sudan That May Restrict Access To Its Trading Platform And Services In Certain Countries Or Regions.
- Lack Of Industry Experience: As HexMarkets Has Been In Operation For Less Than A Year, It May Have A Relatively Limited Track Record And Industry Experience Compared To More Established Brokers. This May Cause Concern For Traders Seeking Brokers With A Longer Operating History.
Is HexMarkets Safe Or A Scam?
HexMarkets Currently Has No Effective Regulation, Which Means That There Is No Government Or Financial Institution Group Overseeing Their Operations. This Makes Investing With Them Risky. As There Is No Regulation, Platform Operators Are Free To Withdraw Money At Will Without Any Responsibility For Their Criminal Actions. They Can Disappear At Any Time Without Any Notice.
If You Are Considering Investing With HexMarkets, It Is Important To Conduct Thorough Research And Weigh Latent Risks Against Potential Returns Before Making A Decision. In General, It Is Recommended To Invest With A Well Regulated Broker To Ensure That Your Funds Are Protected.
Market Instruments
HexMarkets Offers A Wide Range Of Trading Instruments Across Different Asset Classes.
Contracts For Difference (CFDs): HexMarkets Allows You To Trade Contracts For Difference (CFDs), Which Are Derivatives That Enable You To Speculate On The Price Movements Of Underlying Financial Assets Without Owning The Actual Assets. CFDs Can Be Traded On A Variety Of Instruments, Including Stocks, Indices, Commodities, And Cryptocurrencies.
Commodities: HexMarkets Offers Trading Opportunities On Commodities Such As Crude Oil, Gold, Silver, Natural Gas, And Agricultural Commodities. Trading Commodities Allows You To Speculate On Price Movements Of These Physical Commodities Without Directly Owning Them.
Cryptocurrencies: HexMarkets Offers Trading Of Various Cryptocurrencies, Including Popular Options Such As Bitcoin, Ethereum, Litecoin, Ripple And Many More. Trading Cryptocurrency Contracts For Difference (CFDs) Enables You To Take Advantage Of The Price Fluctuations Of The Crypto Market Without Having To Hold Actual Digital Currencies.
Metals: HexMarkets Can Trade Precious Metals Such As Gold And Silver. These Precious Metals Have Always Been Regarded As Store Of Value Assets And Can Be Traded As CFDs To Speculate On Their Price Fluctuations.
Stocks: HexMarkets Allows You To Trade CFDs Based On The Price Of Individual Companies' Shares. This Enables You To Speculate On The Price Performance Of Individual Stocks Without Owning The Underlying Stock.
Indices: HexMarkets Provides Access To Global Stock Market Indices Such As The S & P 500, NASDAQ, Dow Jones, FTSE 100 And More. Trading Index Contracts For Difference (CFDs) Enables You To Participate In The Performance Of A Group Of Stocks In A Particular Market Or Industry.
Account Types
HexMarkets Offers Six Different Real Account Types, Each With Its Own Advantages And Minimum Deposit Requirements. Each Account Has Its Own Advantages, Characteristics And Minimum Deposit Requirements, Providing Traders The Flexibility To Choose The Account Type That Best Suits Their Trading Needs.
Leverage
HexMarkets Offers Different Leverage Ratios For Its Different Account Types. Leverage Represents The Ability That A Broker Offers To Traders To Borrow. It Allows Traders To Control A Larger Position In The Market With Less Capital.
For HEX LITE Accounts, The Leverage Ratio Offered Is 1:500. This Means That For Every $1 Deposited, Traders Can Control A Position Of Up To $500.
HEX CLASSIC Accounts Offer Leverage Of 1:400. This Allows Traders To Control Positions That Are 400 Times More Than The Amount They Deposit.
The HEX PRO Account Offers Leverage Of 1:200, Enabling Traders To Control Positions Larger Than Their Deposit Amount.
The HEX VIP Account Offers Lower Leverage Of 1:100. Although This Leverage Is Lower Than The Previous Accounts, It Still Enables Traders To Control Larger Positions In The Market.
The HEX MAX Account Has Leverage Of 1:200, Giving Traders Greater Purchasing Power In The Market.
The HEX ISLAMIC Account Also Offers Leverage Of 1:400, Providing Traders With More Trading Opportunities.
Trading Platform
The Trading Platform Provided By HexMarkets Is CTrader. It Is A Popular And Advanced Trading Platform That Provides Clients With A Comprehensive Set Of Tools And Features For Trading Various Financial Instruments.
CTrader Is Available On Multiple Platforms, Making It Suitable For A Wide Range Of Users. It Can Be Downloaded From The Play Store To Android Devices, From The App Store To IOS Devices, And From The Microsoft Store To Windows Devices. This Allows Clients To Trade Anytime, Anywhere Using Their Preferred Device.
Customer Support
Tel: + 44 20 8133 2181
Email: Support@hexmarkets.com
Address: 8 Brushfield St, E1 6AN, London, UK
Suite 305, Griffith Enterprise Centre, St. Vincent And The Grenadines
