Apex Trade: reviews and broker rating in 2022
Apex Trade: reviews and broker rating in 2022
Company Apex Trade presents itself as a successful participant in the international financial market for over 10 years. However, there are certain doubts about this company. Initially, there was little information about it, and the website itself functions exclusively in Russian, with a director from the Russian Federation. In this review, we will examine how the company interacts with foreign traders, whether it has the necessary legal documents for its activities, and also look at reviews for an independent assessment.
Assessment of the Apex Trade website
The appearance of the Apex Trade company website resembles an advertising brochure filled with praises. Some information is still available on the site. For example, the company advertises its work since 2011 and lists various awards. However, in reality, according to Whois data, the platform only started operating last year. Information about prestigious awards, numerous investors, and transaction volume turned out to be false.
Also, information about the company Platinum Finance sometimes appears on the site, but it is unclear how it is related to Apex Trade. The site mentions Viktor Timoshin as the supposed CEO of the company, but information about him is not confirmed anywhere, and his image is found on LinkedIn. The contact information on the site may be confusing, but as traders note in reviews, after encountering financial problems, communication with the company seems impossible.
Legal aspects
At first glance, it seems that the company operates in a regulated sphere. The website indicates that the brand management is carried out by the company APEX FINANCIAL MANAGEMENT LIMITED, registered in the UK. However, the specified company is engaged in consulting and has no correspondence in brokerage activities. For the company’s legal operation, an FCA license is required, but according to the data, the wrongdoers do not comply with the legislation.
Given the Russian-language interface and reviews in the Runet, it can be assumed that the company targets Russian traders. The Central Bank of the Russian Federation uncovered the company’s fraud and conducted additional investigation. The connection with Platinum Finance is confirmed.
Commercial offer
The company fully adopted the commercial offer from Platinum Finance. The platform promises access to trading various assets, starting from $1,000 as the minimum deposit. The company does not provide detailed information about contracts on its website, and information about leverage and spreads becomes available only after registration.
Reviews on fraud
Reviews about the company Apex Trade are mostly negative, reflecting its inclination towards fraudulent activities and financial fraud.
How they scam at Apex Trade?
The company uses various schemes to attract newcomers and manipulates the trust of clients to lure money. This may include the use of manipulated terminals or offering ready-made portfolios that may be lost later.
Our verdict
Collaborating with Apex Trade carries risks, as confirmed by customer reviews. Scammers have already rebranded and may do so again in case of accumulating negativity. All signs of unreliability have been identified, and investing in this company is not recommended.