
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
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.
BrokersView found that the domain "https://hextraprimeasia.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
BrokersView found that the domain "https://hextraprimeasia.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.