Forex HexMarkets Trading Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.9

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 2.1

Business 1.4

Risk Control 1.7

Software 2.4

Regulatory 1.9

Terminal Snapshot

HexMarkets Trading Conditions

Registered Region Saint Vincent and the Grenadines

Operating Period 2-5 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@hexmarkets.com

Contact Number +442081332181

Website hexmarkets.com

Balanced Review

Pros & Cons

Pros

Diverse range of trading instruments including CFDs, commodities, and cryptocurrencies
Multiple account types catering to different trading experiences
cTrader platform with advanced features and user-friendly interface
Flexible leverage options up to 1:500
Accessible customer support via phone, email, and social media

Cons

Currently unregulated, posing significant risks
Higher spreads compared to some other brokers
Limited educational resources and market analysis
Restricted access for residents of certain countries
No MetaTrader platform support available

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	HexMarkets	Anzo Capital	Focus Markets	AvaTrade
Operating Period	2-5 years	See review	See review	See review
Region	Saint Vincent and the Grenadines	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.9/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does HexMarkets Offer?

Account Type	Target User Group	Key Characteristics	Applicability Notes
HEX LITE Account	Beginners	High leverage, low minimum deposit	Suitable for small-capital practice
HEX CLASSIC Account	Intermediate Traders	Moderate spreads, flexible leverage	Requires some trading experience
HEX PRO Account	Experienced Traders	Low commissions, advanced trading features	Best for active traders
HEX VIP Account	Professional Traders	Exclusive services, high leverage	Requires high trading volume
HEX MAX Account	Corporate Clients	Custom services, high limits	Requires corporate documentation
HEX ISLAMIC Account	Traders seeking Sharia-compliant options	Swap-free trading	Must meet specific eligibility criteria

Account Opening Process

To open an account with HexMarkets, traders need to follow several steps. First, they will need to submit personal information, including their name and contact details. Next, employment and financial information must be provided to assess the trader’s suitability for the account type. Identity verification is required, which involves providing an ID and proof of address. After completing these steps, traders can access their accounts, with the option to upgrade to a professional account in the future if they meet the necessary criteria.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	1.3	No	Competitive for major pairs
CFDs (S&P 500)	Varies	$3/lot	Depends on market conditions
Cryptos (BTC/USD)	Varies	No	Subject to market volatility

Other Fees

HexMarkets does not charge any fees for deposits or withdrawals. However, traders should be aware of potential inactivity fees if accounts remain dormant for an extended period. Additionally, there may be overnight interest (swap rates) applicable to certain positions, and currency conversion fees may apply when trading in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

HexMarkets User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

James Thompson

New York, USA

★ ★ ★ ★ ★

I had high hopes for HexMarkets, but my withdrawal requests have been taking longer than expected. Customer support is not very responsive, and I feel uneasy about my funds being with an unregulated broker. I would not recommend them until they sort out these issues.

Emily Carter

London, UK

★ ★ ★ ★ ★

HexMarkets offers a great trading platform with cTrader, which I find very user-friendly. The variety of account types is a bonus, and the execution speed is impressive. However, I wish there were more educational resources available for new traders.

Michael Johnson

Toronto, Canada

★ ★ ★ ★ ★

I regret choosing HexMarkets. The lack of regulation makes me feel unsafe, and my recent attempts to contact customer support about my account have gone unanswered. I advise potential traders to be cautious.

Sophie Lee

Sydney, Australia

★ ★ ★ ★ ★

I’ve been trading with HexMarkets for a while now, and I’ve had a positive experience overall. The diverse range of instruments keeps trading interesting, and I appreciate the flexibility in leverage options. Their customer support, when contacted, has always been helpful.

Saint Vincent and the Grenadines Market