Apex500 Review: Apex-500.com A Desperate Broker

Apex500 is a company that claims it has the best trading results in the market. They allegedly have multiple clients across the globe.  This is just another website that hides behind the technology. There are no trading activities taking place in this scheme. 

Nonetheless, the venture boasts it has top-notch trading tools. The venture state it operates in full transparency. However, they do not see the need of disclosing the individuals behind the company.

The broker also states it has top-notch security. Hence, investors have nothing to worry about. Unfortunately, the platform has not revealed the bank it segregates the funds. Your money is a greater risk as it is not protected. The firm can do whatever it pleases with your savings. 

Apex500 has several accounts that investors can choose from. The firm also has account insurance. Trusting an offshore company often leads to regrets. The venture disappears in thin air leaving traders high and dry.

Apex-500.com Review

The firm state it has an award-winning trading interface. Anyone can use it regardless of their investment background. The available assets are; cryptos, forex, CFDs, energies, commodities, and indices.

Apex500 is a venture that assures clients their withdrawal requests shall be handled in time. However, we are yet to encounter anyone that has successfully cashed out. 

In regards to security, the platform only has an SSL certificate to show. The data of traders is not protected. Scammers tend to sell information about their victims to third parties without their consent. This could land you in more trouble.

To avoid all the bad outcomes of unregulated entities trade with the best leading forex trading entities in the market. These are companies that have been in the industry for years. You will earn reasonable returns. 

How Does Apex500 Operate?

All Ponzi schemes operate in the same manner. You will encounter an intriguing advert that tempts you to join a particular broker. Their trading conditions are heavenly. They promise quick riches without having to do the hard work. The company even assures you that you will be a professional trader within no time. Sounds fantastic, right? 

The moment you share your data, their sales reps get busy. They will call you endlessly, convincing you to deposit funds to become rich overnight. These are tactical and prolific scammers. You will proceed and cash in. The money will be available in your dashboard, but you won't be able to withdrawal.

Once you become a nuisance and keep following withdrawals up, the con artist will cut you off. They will stop responding to your calls. Eventually, the website will shut down. You cannot go after the fraudsters behind the scene as they are anonymous. 

Trading Conditions and Accounts 

The available trading platform that the entity offers is a web-based trader. The interface does not have attractive features. Moreover, it is incomparable with the MetaTrader.

The minimum amount that one can deposit is $250. It is in line with the market standard. Apex500 offers investors widespread that is not attractive or profitable. EURUSD pair grants clients a spread of 3.5; opening a trade is extremely expensive. There are reputable firms that give traders 1 pip and below. 

The leverage range from 1:30, 1:50, and 1:100. The latter limit is beyond what the regulatory bodies permits. Hence, investors attract more risks.

Withdrawal and Deposits 

Apex500 lists multiple payment methods: Visa, Mastercard, Yandex, and Qiwi. The only secure option is the bank cards. However, we do not recommend trading with this offshore unlicensed platform. 

The venture uses bonuses to attract its victims. The lucrative range from 25% to 100%. Do not be glad because the requirement that you have to meet to cash out is outrageous. Scammers use this tactic to limit investors from withdrawing money

There are far better investment schemes that can help you earn passive income. They put the security of their customer first, and the withdrawal process is also swift. There are no hidden terms or illegal bonuses. 

Regulation Status of Apex500

The platform purports to be operating from Seychelles. Their phone number is from the United Kingdom. This is one of the countries with strict rules for investment ventures. A company must be regulated for it to collect funds from members of the public.

Seychelles also has lenient rules for brokers. The final financial agency of the company is Seychelles Financial Services Authority (SFSA). The operating capital is $50,000 and is registered in the country. They must also have two directors and two shareholders. Sadly, after checking whether the company is on the list of licensed ventures, we found nil results.

The drawback is that the shareholder can also be the director. Apex500 does not safeguard the funds of investors. Traders will not receive compensation once the broker collapses. If you invest with a platform, run its business legally in the United Kingdom and have an FCA license, you will receive considerable compensation. 

Contact Details and Customer Support 

The reallocation of Apex500 is still a big mystery. The people behind the scam have done a perfect job to ensure they remain discreet. The address that the platform features are fake. 

Scammers would not be naive to live their data. The authority would come after Apex500 unlicensed offshore and put them behind bars. It is safe if they remain anonymous. There is no customer support in this entity. Why would anyone risk trusting their funds with a company that lacks the decency of being transparent? Who will resolve any issue that you face? Refrain from doing business with this murky scheme. 

Furthermore, we are yet to see endorsements from those that have earned using Apex500. After spending quality time researching, we did not find anyone who validates what they have earned. We suggest that you watch out for these kinds of platforms in the market. 

The Domain Insight

Given the promises that Apex500 makes, we expected to see more traffic coming their way. Sadly, the number of visitors to the firm is wanting. This proves that no one is interested in their services. 

The domain name has also been recently registered. Apex500  targets being in the market for only one year. This is proof that you cannot rely on the broker for long-term services. Ponzi schemes rarely make it past a year. They are either exposed or run out of funds and have to close down their business. 

Final Verdict

Apex500 is a company that you should approach with caution. Giving them the benefit of the doubt will only leave you in bad shape. There are no trading activities on the platform as we are yet to see a legit trader who has earned using their website. 

The venture is not reporting its daily trading activities to anyone. Hence, it is easy to manipulate data. It may appear as though you are winning, while in reality, you are only losing funds to the con artist.

Investment is a serious matter that you should not rush to without thorough due diligence. Otherwise, you will lose everything in the blink of an eye. Here is a list of some of the reliable and legit forex trading companies in the markets.

Does Apex500 have a reliable software?

Apex500 style of operation has alot of murkiness and its software is unknown.

Does the company have a refund policy?

Apex500 does not allow you to have your money back.

Can you easily withdraw funds from the company?

Apex500 does not have a withdrawal policy and funds are not safe.