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Margin and Leverage

About Margin
Margin is the amount of collateral needed to cover any credit risks that might occur during your trading. The rate of margin is determined by Equity divided by the margin used. It is recommended that you either close off positions to free up liquidity or add additional funds to expand the liquidity available.

Margin is expressed as the percentage of position size (e.g. 1%), and the only real reason for having funds in your trading account is to ensure a sufficient margin. On a 1% margin, for instance, a position of $1,000,000 will require a deposit of $10,000. The margin in your trading account needs to be above the margin call level in order for you to be able to open new trades unless the new trades will result in your trading account is fully hedged.

Margin Monitoring
At Hextra Prime you can control your real-time risk exposure by monitoring your used and free margin.  Together, used and free margin forms your equity. Used margin refers to the amount of money you need to deposit to keep the trade (for example, if you set your account at a leverage of 100:1, the margin you need to set aside is 1 percent of your size). Free margin is the amount of money that you left in your trading account and fluctuates according to your portfolio equity; you can open new positions with it, or absorb any losses.

About Leverage
Using leverage means you are able to trade positions that are greater than the sum of money in your bank account. A sum of leverage is expressed as a ratio, for example, 50:1, 100:1, or 500:1. If you have $1,000 in your trading account, and selling 500,000 USD / JPY ticket sizes, the leverage would be 500:1.

How will the sum you have at your disposal be tradeable 3000 times? You have a free short-term credit balance at Hextra Prime if you transact on a margin: this helps you to buy an amount that exceeds your account value. Without this grant, you are only able to purchase or sell $1,000 tickets at a time.

Leverage Risk
On the one hand, you can make a substantial profit by using the leverage, even from a relatively small initial investment. On the other hand, if you fail to apply proper risk management, the losses can also get dramatic. That is why Hextra Prime offers a leverage package that lets you select your desired level of risk.

Hextra Prime shall monitor the leverage ratio applied to customer accounts at all times and retains the right to make adjustments to and amend the leverage ratio (i.e. decrease the leverage ratio), at its absolute discretion and without warning on a case-by-case basis, and/or on all or any customer accounts as Hextra Prime considers to be necessary.

Leverage On Equity
Leverage for your accounts depends on the type of account you are opening and the amount of equity in all of your accounts.  Margin requirements do not change during the week, nor do they widen overnight or at weekends. Leverage change according to equity will be instant. We also have the right to change client’s trading accounts leverage whenever necessary according to trading behavior, market condition, which will be informed as at earliest 24 hours before changes.

Hextra Prime offers the following leverage:-

1:5000, 1:2000, 1:1000, 1:500, 1:200, 1:100, 1:50, 1:1

Equity (USD)Leverage
1 to 5005000
501 to 20002000
2001 to 50001000
5001 to 20000500
20001 to 50000200
50001 and above100

Margin Call Level
If your account equity drops below 50% of the margin needed to retain your open positions, you need to be alert with the margin call level warning that you do not have enough equity to cover open positions. It is recommended that you either close off positions to free up liquidity or inject extra funds to increase the available liquidity.

Stop Out Level
The level of stop-out relates to the level of equity at which the open positions automatically close. Our stop-out level is at 30% of the margin. If you reach the stop-out level, positions will start to be automatically close starting from the least profitable positions.

Negative Balance Protection
Although each client is entirely responsible for controlling their trading account operation, Hextra Prime follows a policy of negative balance protection to ensure that the overall potential risk does not surpass the account equity. In case if your account equity goes negative, Hextra Prime will cover the negative amount. Negative balance protection means that you can’t lose more than your deposited money, i.e. you won’t owe money to the broker. 

IMPORTANT NOTES 1: Kindly note that the Negative Compensation Rules as the Negative Balance Protection program execute at the 51st minutes every hour server time, automatically. In case if clients’ accounts got stopped out, and the clients want to redeposit again, kindly wait for the balance to reset automatically before making the deposit. In case if you deposited without notifying us, the action is at the clients’ own discretion and we are not responsible to give compensation for the negated amount.

IMPORTANT NOTES 2: Kindly note that the Negative Compensation Rules will automatically be triggered if your account EQUITY has become negative, meaning that both BALANCE and CREDIT have been used up.

IMPORTANT NOTES 3: In case if your account has been only negative in BALANCE, but not in CREDIT, meaning that the EQUITY is still positive and tradable, please do not do any transaction. Please request for manual balance and credit reset, before you do any new deposit to your account.

Restricted Trading Style

Each client is entirely responsible for how they trade, either manual or automatically using Expert Advisor. However, under circumstances that any trading activity that we found may involve such as:-

i. Exploiting price via trade balance (eg: buy/sell stop order simultaneously during high impact news)
ii. Hedging with different Metatrader account; kindly note hedging is allowed within the same one Metatrader account only
iii. High-frequency trading that sends order more than the max allowed or High-frequency trading that disrupts the server
iv. Expert Advisor that is manipulative in nature or manipulating the bid and ask price latency 
v. Any directly or indirectly fraud activity or methods

Any aforementioned activities will result in the termination of your account and per case basis review, we will return or refund back your initial or available capital while the profit resulted will be canceled, case by case basis.

Current restricted specific Expert Advisor that has breached any of the items above with name mention below are not allowed at Hextra Prime:-

i. Enigma / Jtayu.com Pulse
ii. Biohazard
iii. High-Frequency Trading

Execution and Liquidity

RegionCitySummerWinterActive Currencies
AsiaTokyo/Hongkong/Singapore23.00 – 08.0000.00 – 09.00JPY
EuropeFrankfurt/London08.00 – 16.0009.00 – 17.00CHF, EUR, GBP
AmericaNew York/Chicago13.00 – 21.0014.00 – 22.00CAD, USD
PacificSydney22.00 – 06.0023.00 – 07.00AUD

Trading Charges

Information

Legal Announcement: Hextra Prime is incorporated in Saint Vincent & the Grenadines as a licensed Business Company under Financial Services Authority with registration number 25989 BC 2020. The website is owned and operated by Hextra Prime group of companies.

General Disclaimer: Trading Forex, CFDs, and any financial derivative instruments on margin carries a high level of risk and may not be suitable for all investors, as you could sustain losses. The Company under no circumstances shall be liable to any persons or entity for any loss or damage in the whole or part caused by, resulting from, or relating to any transactions related to CFDs. Hextra Prime assumes no liability for errors, inaccuracies, or omissions, does not warrant the accuracy, completeness of information, text, graphics, links, or other items within these materials.

Risk Warning: Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments and level of experience, before trading, and if necessary, seek independent advice.

Regional Restrictions: Hextra Prime currently only accepts clients from Asia & Pacific confederation specifically from South East Asia. Hextra Prime does not provide services to residents of the Americas region, Arab states, CIS countries, and European nations.