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ApetPro is another forex broker trying to fool investors, and our apetpro.com review exposes this fact. Those who have invested and started trading with the broker are ruing the decision. Apet pro is another forex trading scam.
Despite its claims to be a global liquidity provider, apetpro.com is a high-risk trading platform. As a result, hundreds of investors have lodged complaints against the broker. Here’s our detailed APETPRO REVIEW.
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There’s nothing to write home about when it comes to service delivery. The broker does nothing but block members from withdrawing funds. And that’s why we must put more effort into exposing the red flags found.
From a naïve trader’s point of view, the broker seems legit and transparent. After all, looking at the homepage, nothing screams of a scam. However, it’s not until you look closely do you realize what’s happening.
Starting with navigating through the website, a lot of information is missing. We see a platform hell-bent on luring naïve investors into depositing more funds. The broker is not willing to offer sensitive information to traders.
Going in, you should know when a broker released funds. An accountable trading platform allows members to withdraw funds at any time. Instead, we have a broker who limits withdrawal amounts and sets the time.
These are the reasons why we must expose the platform’s incompetence. There is also the issue of absurd trading conditions such as high leverage. We also don’t know if the broker has a physical office.
Despite the broker offering an accessible trading platform, that’s far from the truth. We have a platform not ready to provide much in terms of stability. A custom-built trading platform that lacks the necessary tools is what’s available.
It would be best if you were trading with world-class trading terminals such as MT4 and MT5. These platforms guarantee users a chance to get better. Likewise, these trading terminals offer investors a chance to be better at trading.
With MT4 and MT5, you get advanced tools for trading. These include technical chart analysis and robots. The terminals are also stable and compatible with all devices. So next time you trade, use MT4, MT5, or SIRIX trading platforms.
There are three plans to choose from with this broker. These include Investor, All Inclusive, and Premium. Each of these plans promises something different to traders. Here’s a closer look at each of these accounts.
It’s the most basic account, which the broker puts as the best for beginners. The minimum acceptable deposit is $150, and the leverage set is 1:100. Members get an instant execution model and unknown spreads.
You have to deposit $1,000 to get started with this account. Leverage starts from 1:500, with the broker promising deposit insurance. Traders also get the promise of trading several crypto pairs. Unfortunately, protection of deposits is not available on the two accounts.
It’s the most exclusive account of them all. Traders must deposit $10,000 and enjoy the leverage of 1:500. The broker also targets institutional investors with the premium account. Members get all available features, including 24/5 support.
From what we have seen, the accounts don’t necessarily offer fair trading conditions. For example, we have a broker setting maximum leverage on forex instruments at 1:500. Therefore, the broker puts your trading position at risk.
There’s also the issue of spreads. Does the liquidity provider offer fixed or variable spreads? The broker fails to give members this information. You only get to learn about the various spread types after signing up.
Your funds are not safe with a broker who fails to offer deposit insurance. The broker openly claims they don’t provide much to two account holders. The broker fails to offer insurance cover for deposits, thereby risking your funds.
What happens when the broker decides to close the shop? Members won’t be receiving any compensation. The website also lacks DDoS protection and SSL encryption. Third parties can quickly take over the funding and transaction processes.
There are five classes of trading instruments available on the platform. These include commodities, cryptos, forex, indices, and stocks. For example, you can trade coffee, cotton, and crude oil commodities.
Crypto and forex tradings are their biggest assets and trading ground. Unfortunately, the broker fails to pair these two against each other. As a result, you can only trade a handful of crypto pairs and major forex currencies.
Available indices include DAX, Dow Jones, and NASDAQ. You can then trade shares of global companies. In addition, the broker offers over 40 shares from all sectors. These include aviation, manufacturing, tech, and textile industries.
If there’s one thing traders hate is slow execution. And that’s precisely what you get from a broker using a custom-built trading platform. These are issues you will face as a trader on the Apet Pro trading platform.
With slow execution, the broker fails to offer robots that can remedy the situation. Moreover, the accuracy of the trading signals is also weak. As a result, no one can even rely on the platform to offer insightful market analysis and volatility alerts.
Due to the influx of complaints, we rate the broker a 1/10. The broker also lacks any backing from the crypto and forex communities. No member or trader gives the broker a thumbs up for the services offered.
And this should point you to a broker failing their service delivery promise. Trading on the platform is a huge scare for investors. Please stay away from the platform or risk losing everything.
Mark decided to sign up with the broker due to the crypto aspect. After depositing $1,000, he went on a losing streak and had a balance of $500. When he decided to withdraw funds, the platform blocked it.
For weeks, Mark has been trying to get a comment from the broker. Instead, the platform sends emails claiming his account is under review. And that’s how the apetpro.com scam works. It tries to fool investors into signing up and blocking funds.
Don’t expect to hear from the broker once you sign up. Unfortunately, we have a broker not willing to offer much in terms of safety. The broker is a sorry excuse and only looks to take advantage of naïve traders.
There’s no live chat support, as members can only reach out via written form. The broker doesn’t want to interact directly with would-be victims. And that’s why we have to expose the broker.
No, the broker posts false license and registration numbers from regulators, including the FCA. We checked with the FCA’s licensed broker list and found no such broker. So that’s the extent the broker will move to fool investors.
Make sure to confirm regulators properly vet a broker before signing up. That’s the best way to safeguard your interest as a trader. You must avoid the broker or face risks such as losing funds.
Please stay away from the broker.
NB: These are reliable crypto investments backed by the crypto community.
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