Is Hex Parasite legal in Standard, Modern, and Commander?

Hex Parasite is legal in: Modern, Legacy, Vintage, Commander.

Hex Parasite

Q: What type of card is Hex Parasite?

Hex Parasite is an Artifact Creature — Phyrexian Insect. Its oracle text reads: "{X}{B/P}: Remove up to X counters from target permanent. For each counter removed this way, this creature gets +1/+0 until end of turn. ({B/P} can be paid with either {B} or 2 life.)"

Artifact Creature — Phyrexian Insect

: Remove up to X counters from target permanent. For each counter removed this way, this creature gets +1/+0 until end of turn. ( can be paid with either or 2 life.)