Fair assessment of Apex Crypt’s performance: review of trading conditions, feedback.
Fair assessment of Apex Crypt work: trading conditions review, feedback
Scam brokers often try to assign themselves high titles and connections with well-known financial organizations. Judging by the number of reviews from deceived clients, many newcomers fall for such bait. They only realize they have fallen into a scam when they are left with an empty wallet. In this review, we will talk about the broker Apex Crypt, which has all the signs of a scam. Despite the fact that the company has been operating since 2018, there are virtually no reviews about working with them. Why is that? We have encountered similar situations when preparing previous reviews of fake brokers. Most likely, the authors of apexcrypt.com simply delete negative reviews to hide the truth.
Information about the company Apexcrypt LTD
When preparing a review of the broker Apex Crypt, we decided to first check the information about its parent company. We could not find the launch date of the project on the official website, and in the About Us tab, the story of the creation of Commonwealth Bank is inexplicably told, which was founded in 1911, its founders, and main subdivisions.
We could not understand the connection between this institution and the forex broker in our review. It seems that scammers simply copied information from Wikipedia and placed it on their website to deceive potential victims.
The Apex Crypt legend falls apart when you start to delve deeper into the information on the official website of this scam. It turns out that the company is registered in an offshore jurisdiction (in the Marshall Islands). Trust Company Complex, Ajeltake road, Ajeltake Island, Majuro, Marshall Islands, MH96960 – this address is well known to us from our experience of writing previous reviews, as various fake brokers (AzaForex Broker, Strade24, Infinitrade, CodexFx, and other bogus intermediaries with many negative reviews) use it.
Nothing is known about the management of the company Apex Crypt. Fraudsters prefer to remain anonymous. Instead of their names, they mention top managers of Commonwealth Bank. It is unlikely that the top executives of one of the largest financial institutions in Australia are aware of this. It is clear that in case of deposit loss, no one will compensate for the damage or return the capital.
In addition, during the review preparation, we found out that this shady company has no permissions for brokerage activities. The scammers from Apex Crypt did not even bother to create a fake registration certificate and license in Photoshop to at least attract traders. They are counting on newcomers who may not pay attention to the absence of regulatory documents.
As for the contact information, the pseudo-broker Apex Crypt website lists the following contact channels:
- email address: info@apexcrypt.com,
- phone number: +441420358246.
Additionally, there is a feedback form on the website, which the fraudsters have placed on practically every page of apexcrypt.com. This is not done for the benefit of clients and to help them solve complex issues. When sending a message to the admins of Apex Crypt, you will have to provide contact information, which the scammers will later use for their own purposes. The mildest outcome would be annoying calls from other black brokers and spam emails. On thematic forums, we have repeatedly seen reviews from traders who have encountered such situations.
How to create an account on apexcrypt.com?
To open a trading account with Apex Crypt, you need to register. The process is simple and involves filling out an online form, where you need to provide:
- first and last name,
- email address,
- password for future access to the personal account,
- date of birth,
- phone number (you need to select the country of residence beforehand to format the number internationally).
While writing the review, we came across feedback where users complained about the leakage of clients’ personal information by Apex Crypt into the darknet. Most likely, this is the work of the authors of the scam project themselves, who decided to make an additional profit by reselling traders’ personal data to other black brokers.
Detailed review of the Apex Crypt user agreement
Before registering on the Apex Crypt platform, we recommend reviewing the client agreement and other documents. According to feedback from experienced traders, this will help avoid many unpleasant situations.
We carefully studied the user agreement and selected several points that indicate fraud on the part of the company:
- clause 2.2 – Apex Crypt claims not to provide trust management services and not to give trading recommendations. This is a blatant lie! Right on the website, it is stated that personal manager assistance is provided, and the broker is ready to take your funds under management. Most likely, the admins of Apex Crypt simply copied the document from other scammers and did not notice the oversight,
- clause 2.4 – Apex Crypt does provide recommendations after all, but it does not intend to take responsibility for their consequences. The trader will have to take the blame for the deposit loss,
- clause 4.2 – this is a subtle hint that the pseudo-broker Apex Crypt intends to lead the trader into a debt pit. They will impose bonuses and then make them work them off. If that fails, there will be a mutual offset of obligations,
- clause 10.2 – the fake broker Apex Crypt renders clients completely powerless. The bogus intermediary is entitled to close deals without notifying clients, deduct any sums from the account, and block the account,
- clause 13.2 – the crown jewel of any scammer. It absolves the fake broker Apex Crypt of any responsibility for the losses incurred by clients and the missed profits.
By registering on the Apex Crypt platform, the client should immediately understand the possible risks.
What does Apex Crypt offer: product overview, trading accounts
On the official Apex Crypt website, there is a Products tab, which indicates that the company specializes in:
- crypto funds,
- algorithmic trading,
- bonds,
- trust management.
Potential clients are promised quality education (video tutorials, electronic materials, etc.), analytical tools, professional consultations, but in reality, all of this turns out to be fake. The pseudo-broker plays an unfair game and forces traders to risk their funds from the start, as confirmed by feedback from former clients. There is no demo account on the platform, only trading accounts.
- Start. Entry threshold – $250. Traders get access to 100 assets, educational courses, analytics. According to regulations, withdrawal requests are processed within 5 days, but in feedback, clients note constant issues with fund withdrawals,
- Standard. To open such an account, you need 10 times more than the previous one. The only difference is the availability of algorithmic signals and the promise to process withdrawal requests within three days,
- Optimal. Starting deposit – from $10,000. Features include access to analytics and trading paired with a professional trader, no withdrawal commission, expedited withdrawal (they promise to pay within two days),
- Gold. Minimum deposit – $25,000. Features include 1 risk-free trade, a six-month business plan, ready-made trading solutions,
- VIP. To open such an account, you need to deposit a minimum of $50,000. Different from the previous account type in that daily analytics is provided, the business plan is for 12 months, there is a ready-made trading portfolio, individual investment models, and 24/7 support.
In the rare client feedback we managed to find, people express distrust towards the promises of the pseudo-broker. Essentially, the only available account in the lineup offered by Apex Crypt is the Standard one.
Feedback from former clients of Apex Crypt
How did a scheme like Apex Crypt manage to stay on the market for a couple of years? It’s simple: the managers of this fraudulent company actively remove negative reviews and prevent the truth from coming out. They try their best to at least maintain a neutral reputation.
Reviews about this pseudo-broker can be counted on one hand. There is nothing to praise them for, and negative feedback is removed. We only managed to find posts from July:
Scam scheme: how Apex Crypt deceives clients?
From the start, Apex Crypt bombards potential clients with empty promises. Those who fall for the bait are then persuaded to invest funds. Believe me, the pseudo-broker only recruits experienced scammers into their team, who can easily find a way to each user.
Novices will be offered free training and forced mentorship. It is not advisable to trust the recommendations of experienced specialists, as their sole goal is to quickly steal from clients. To simplify their task, scammers have developed their own terminal. Judging by the feedback from ex-clients, Apex Crypt plays an unfair game, making traders risk their funds from the start. There is no demo account on the platform, only trading accounts.