Apex Platform: customer reviews of the company’s performance in 2023
Information about Apex Platform: what you need to know
Educational courses, information newsletters, an innovative trading platform, and the opportunity for free training – all of this is provided for free to newcomers by Apex Platform. At first glance, this broker seems like the best choice. But caution is advised. There are no reviews from real clients, and its offer looks suspicious. Let’s delve into the details.
Our investigation of Apex Platform
According to information, the average trading volume on the Apex Platform platform reaches $100M+, and the number of active traders is 100T+ (the largest number in Europe and the USA). The broker claims to actively collaborate with both professionals and novice traders. Their service covers 34 countries. Despite the lack of feedback in the Russian internet, the company is trying to attract clients from the Russian-speaking segment by translating content into Russian.
According to a whois check, the broker’s domain was registered less than a month ago on March 21. It’s questionable to trust the information on its website since false data is clearly provided here in an attempt to gain trust and convince potential clients of its reliability.
A specialized rating service assessed the platform at only 5 rubles, indicating its spontaneous establishment.
Getting quick support will be problematic. The company only provides an email address and a fake phone number. Scammers will spam their clients, but they won’t do anything else.
Legal information
A fake broker mentions its registration in Australia, but there is no legal address on its website. Internal documents regulating relationships between the administration and traders are missing. It’s hard to understand the basis on which users register on this platform and entrust it with their funds.
Information about licenses from the Australian regulator ASIC is publicly available, and through it, we found out that Apex Platform is a fake. The broker offers its services without legal grounds and cannot guarantee honest operation.
Among licensed regulators such as the Central Bank of the Russian Federation, the Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan, the National Bank of Belarus, we couldn’t find Apex Platform. The company operates contrary to local legislation. Traders who register on their platform are deprived of legal protection.
Types of accounts
Apex Platform offers many advantageous conditions for potential clients, with many bonuses available for free. For example, there is an opportunity to practice on a demo account before investing real funds. This method is often used by scammers to attract newcomers. They conduct profitable trades on demo accounts and then reset users’ earnings to zero. Without legal grounds for operation, they can only create an illusion of trading, so even without reviews, it can be assumed that collaborating with Apex Platform will not be beneficial.
Commercial offer features:
- CFD trading on cryptocurrency and other assets,
- free education (videos, texts),
- daily market reviews,
- low commissions (1%),
- opportunities for algorithmic trading,
- minimum entry threshold – from 1,000 to 40,000 dollars,
- spreads from 0.5 points,
- leverage up to 1:1000,
- bonuses from 10 to 40%,
- some tariffs include corporate trading, insurance, Hedge fund support.
We couldn’t find reviews confirming the intermediary’s financial stability. Even funding/withdrawal methods, commissions, and rules for payouts are unknown.
Why are there no reviews about Apex Platform?
Apex Platform is a new scam, so the absence of feedback is quite understandable. Nevertheless, the company actively promotes its product, uses cold calls, and pseudo-accounts on social networks. We are confident that reviews will appear, but for now, we recommend to be cautious.
If you have dealt with Apex Platform and wish to share your experience, publish your review. This will help others avoid major losses.
Scammer strategies
The authors of Apex Platform didn’t randomly choose this name – it’s the name of a well-known cryptocurrency exchange. Users may confuse these platforms.
Initially, scammers will offer to try a demo account, then ask to switch to a real one. The minimum losses amount to 1,000 dollars. By simulating profitable trades, they persuade to invest more until the trader wants to withdraw funds. Then problems will start. They will discourage due to technical issues and then simply disappear. The investor will be blocked in their account.
Research conclusions
Apex Platform is another scam in this sphere. We do not recommend dealing with them and trusting them with your money. Otherwise, you risk losing your investments. Scammers won’t even return the initial deposit.