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hexmarkets

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ANSWER Dear Investor, We do not recommend using the HexMarkets platform as it does not hold a valid financial licence. HexMarkets claims to operate under Hex Markets Limited, which is registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. While we can confirm that a company with the same name is registered with the SVG FSA, this only grants International Business Company (IBC) status. This does not constitute a valid financial licence. The SVG FSA has clearly stated that it does not regulate or licence forex brokers. Furthermore, HexMarkets displays an office address in the United Kingdom. Furthermore, no record of Hex Markets Limited is listed in the Financial Conduct Authority (FCA)'s registry. Therefore, HexMarkets is essentially unlicensed by any recognised financial authority. This is a major red flag indicating a fraudulent operation. We therefore strongly advise you to avoid trading with HexMarkets to safeguard your funds.

Hi, I cannot find the regulatory information of HexMarkets. Can you help me?

Aliki White

Falkland Islands

Mar 18, 2024

ANSWER HexMarkets appears to solely registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA), an offshore financial regulatory that doesn't license and oversee forex trading brokerage activities. This lack of license renders HexMarkets' provision of financial services in forex trading unlawful.As such, despite its claims of SVG FSA registration, HexMarkets remains an unlicensed broker. We strongly suggest you stay away from it to avoid falling victim to potential fraud and identity theft. To have a safer trading environment, it is highly recommended to choose fully regulated brokers instead.

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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.

Disclaimer

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.