CryptoApexFX Review: Illegal Scam

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CryptoApexFX Review: Illegal Scam

CryptoApexFX claims that it is a global investment venture that trades Forex and shares. There are multiple trading opportunities in the market. The entity allegedly provides a tight spread without commission to investors.

The platform offers over 14K trading assets to its customers. The firm guarantees that you will earn a profit daily. The company also states that it provides fund safety. Therefore, customers can conduct trading activities with confidence.

CryptoApexFX features the benefits of investing funds in the online market. Unfortunately, the entity does not have a trading platform. The people behind this fraudster firm only have an enticing fantasy that will lure innocent traders to their doorsteps.

Invest with legit forex trading companies that are reliable and transparent. There is no need to waste time with a dirty scam. There are better platforms in the industry that you can use. Normalize performing thorough research before depositing funds. It will save you a lot of trouble.

CryptoApexFX is operating illegally. Anonymity is one of the features that are common with scammers. It makes sense because when they are conducting illegal services, the scammers are risking facing criminal charges. Review

CryptoApexFX brags that it is an award-winning entity. You can also trade using your phone. The platform is dealing with forex, crypto, stock, commodities, and indices. The trading process is easy as you need to complete the registration process, deposit funds, and start making a profit.

Additionally, it is up to the investors to either reinvest their funds or cash out. The company tries very hard to remain relevant in the market. The award they present is allegedly from various summits from London, TradeON, Dubai Forex Expo, Jordan, and iFX Expo, all from the year 2020.

CryptoApexFX Review, CryptoApexFX Company

Unfortunately, this information is false, and the entity is not reputable in the industry. Furthermore, the venture does not have a trading history. Scammers are the ones that present false info to win more sales. You can trade from anywhere in the world.

CryptoApexFX is a built-in manner that is professional. However, if you pay attention, you will realize that this is nothing but a big scam. The signup process is straightforward, unlike in legit companies. They do not ask for documents that verify the registration process.

Additionally, the venture uses a chart that is not theirs to advertise trading software. These data belong to TadingView Company, and the resources are free to the public. Multiple scammers in the market use these widgets and proclaim it is their personal trading EA.

CryptoApexFX Trading Conditions

There is enough evidence that shows CryptoApexFX is a scam. The entity offers high leverage of 1:1000 cap. You will never see a legit forex broker offering such amounts. The entity states that it is regulated.

However, the market’s financial bodies only permit investment companies to provide leverage between 1:30 up to 1:40 at most. The broker exposes you to multiple risks. It is unwise to give the Ponzi scheme a try.

Never trust the information presented by a scam. Furthermore, this entity does not have a trading platform. It is enough proof that there is no investment taking place. They provide inadequate information on their website.

Withdrawal and Deposits

The company is accepting funds via PayPal, Visa, MasterCard, and Skrill. The platform does not include the minimum amount of funds that you can deposit in their venture. It is reckless to leave out such an important aspect.

You can use the same means of deposit to cash out your money. The withdrawal requested will be handled within 5 business days. The entity does not have the Terms and Conditions sections. Therefore, expect the worst from this venture.

CryptoApexFX is unregulated, and they can subject their customers to pay additional charges. The information of the dormant account is also unavailable. The entity has shown that it is not reliable, and we do not recommend it to the public.

Regulation Status of CryptoApexFX

CryptoApexFX claims that it has a regulatory document from the FCA, FSCA, and ASIC. Sadly, the company is lying to investors as they are not regulated. The platform is allegedly based in the United Kingdom.

Therefore, the firm should abide by the Financial Conduct Authority of the UK’s rules and regulations. Unfortunately, the entity is bluffing, and most certainly, it is an offshore entity. There is no way that a strict watchdog like FCA can regulate a shady firm like CryptoApexFX.

After searching on their database and we weren’t surprised to find their name missing. Therefore, the broker can do anything that it pleases without minding their clients. You will find Ponzi schemes changing their term of service and having hidden charges.

Some advantages might come with unregulated brokers, like high leverage and spread. However, it is important to consider that you might lose all your funds. Considering that the firms are anonymous, there is nothing that you can do.

Licensed brokers will have a compensation plan in place to fund their clients in case of insolvency. Additionally, they protect traders’ funds by keeping them in segregated accounts. Your data will never be sold to third parties in the industry.

Customer Support

The platform states that it has a professional team that manages its operations. Their main focus is on attaining customer satisfaction. They have support via multiple languages. The platform can be contacted via email or telephone number.

The address of this entity is at 123 Cromwell Rd, Kensington, London SW7 4ET, UK. There is no data on the corporate that oversee the trading activity of CryptoApexFX. They have links to their social media pages, but the problem is that the links will redirect you to the contact page.

Is CryptoApexFX Legit?

The entity is a virtual, anonymous broker that has an attractive offer for its victims. There is no information that can lead to the whereabouts of this venture. Their main objective is to steal from innocent people in the industry.

CryptoApexFX features a fake address, and this is a major red flag. The leverage which the entity is offering is a characteristic that is common with Ponzi schemes. If they exit the market, there is no way of recovering your funds.

The broker has no intention of yielding returns to their clients. Stick to the regulated entities to avoid being conned. The venture is a get rich quick scheme that is only after satisfying their greedy needs.

There is no info regarding the founder of the company. Additionally, this appears to be a mastermind of one individual. There is no team involved because there is no information presented. It is not very reasonable to trust someone you do not know with the safety of your money.

Furthermore, the entity does not have a history of trading. Their domain is new, and there are complaints from investors having a bad experience in the venture. In a short period, they will leave the market.

Final Verdict

CryptoApexFX is a fraudulent company that does not have a minimum amount of deposit. We assume that they call their victims with different quotations. It is reckless of them to leave out such critical data.

Invest with legit forex trading companies that are reliable and transparent. You will earn a decent amount of money while your safety is guaranteed. Never waste money with a dirty scam that entices you with fake promises.



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