Thinking of getting into business with Apex Tradings? Here is what you must know about this broker. Carefully read this review to find out if apextradings.com is the trading platform you will want to trade with.
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About Apex Tradings Broker
Apex Tradings is an offshore brokerage company with a lot of promises for traders. The broker location shows it is from the United States.
Added, the broker claims to offer outstanding execution speed, advanced trading tools and 24/5 customer support.
To clarify, in spite the trading instruments Apex Tradings claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
Interestingly, we find out that Apex Tradings has not in any way met the requirements by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA).
apextradings.com: Reasons to Avoid This Broker
Firstly, apextradings.com is a platform with no financial authority overseeing its financial services. The regulation claim is not legit because (CNMV) has already labeled this broker “unlicensed entity“.
Secondly, the broker claimed regulation from Financial Conduct Authority, UK which is an absolute lies because UK regulator does not recognize Apex Tradings.
Again, we noticed apextradings.com has no demo account for traders. Since traders can’t test Apex Tradings on a free account, we can’t know its viability in the forex market.
Further, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
Lastly, the importance of legal documents cannot be under emphasized especially when doing due diligence. Truly, we could not assess the broker’s legal documents as we found it missing on the webpage.
These are cons for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Withdrawal and Deposit
Withdrawal process
Under the withdrawal policy, Apex Tradings leaves us with no information on what fees forex traders will be charged for any withdrawal nor processing days on each withdrawal. Truly, this broker is a scam and its fraudulent schemes are clear.
Minimum Deposit
Apex Tradings minimum deposit is pegged at $300.
As for the payment methods, broker accepts Bitcoin, Skrill, Ethereum, LiteCoin, PerfectMoney, PayPal, Bank transfer, MoneyGram and more. But, you should not consider making any payment with this broker because it is a risk and scam. So beware!
Apex Tradings Platform
Apex Tradings offers web based platform and not MT4 or its successor MT5 (Industry standard trading platform) which gives us more reason not to take this broker serious.
As for the leverage, the broker mentioned nothing on its leverage. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Apex Tradings Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
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Conclusion: Is apextradings.com a Reliable Broker?
No, apextradings.com does not seem like a reliable broker for traders even though it promises offers that look good to be true.
Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to review scam forex brokers and also share reasons, we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.