ApexTradings (apextradings.com) is facing serious fraud charges from CNMV and other investors. The platform has been masquerading as a trading platform which is far from the truth. Once the platform gets a hold of your funds, it makes it virtually impossible to withdraw. And this is the reason members turned to the Spanish regulator for help. We, too, have been receiving complaints from members. Here’s our detailed APEXTRADINGS REVIEW.
According to the about us page, ApexTradings claims to have been established in 2012. The parent company is listed as Apex Trading Investment Platform. However, there’s no public record of the company or when it was registered.
We have seen several red flags with Apex Tradings, and we believe it’s best to point them out. First, the platform has been swindling funds from investors, which is unfair. Second, those who have been trading are now out of luck. Withdrawal is impossible!
Apex Tradings is taking advantage of naïve investors who fail to do a thorough background check. Instead, what the owner does is impersonate a trading platform and take all the funds. And this is a habit that we must expose at all costs.
You need to find a reliable trading platform that enjoys the backing of investors. Go for platforms that offer an immense trading experience at an affordable price. We suggest getting your hands in Coin staking, DeFi, and Masternoding.
Apextradings.com has an appealing web design, and we have to give them that. It’s the reason why most investors trust the platform without even looking at the facts. For example, there are false allegations on the about us page, such as regulation from the FCA.
Your first step in considering a trading platform is to confirm compliance. You should do due diligence and ensure the platform guarantees safety of funds. Without it, your funds are at risk from the owner.
Apex Tradings does not offer a variety of accounts, and you get to trade with a single account. The problem with their single account is the lack of features. No one knows what the account offers to investors in terms of leverage and spreads.
The platform claims to offer a trading account. It also promises an account for consulting, marketing, and planning. In addition, members are asked to deposit more funds in the hopes of earning high returns.
You should know that regulators have set $250 as the acceptable minimum deposit. There are even regulated platforms that accept $1 as the minimum deposit. Any platform asking for more is taking advantage of investors.
In terms of leverage, regulators too have put a cap on it. The maximum leverage we have seen in most jurisdictions is 1:100. For retail traders in the United States, the maximum leverage is set at 1:50.
The platform claims to offer over 10,000 trading instruments in its arsenal. According to the index page, there are 376 ongoing projects. These are false facts without any proof of concept or reality.
Apex Tradings is not a licensed or regulated platform. So what we have is a platform already facing a warning from one of Europe’s most prominent regulators. The CNMV makes a list of platforms that are high-risk investments. And apextradings.com made it to the list.
Complaints from investors have contributed to the platform’s addition to the warning list. In addition, the platform does not follow protocol in terms of acceptable minimum deposit and leverage. High leverage means more risk to investors.
Apex Tradings also fails to offer any meaningful documents to prove compliance. We have a platform with no license documents or license numbers. What this shows is that the platform wants to operate in the grey.
Make sure to check with regulators and confirm whether the platform in question is compliant. Go for platforms regulated by ASIC, CNMV, CONSOB, CySEC, and the FCA. Other reputable regulators include BaFIN, FINMA, NFA, and the SEC.
These regulators ensure all parties involved get to follow strict regulations. The regulator also holds funds from platforms as insurance cover. Each regulated platform must deposit a certain amount to start offering trading services.
Your funds are far from safe with a platform that doesn’t segregate accounts. We believe the platform is storing all funds in one account. It puts your funds at risk as the platform could face bankruptcy and insolvency.
If this occurs, no member will get any compensation. The fact that apextradings.com is not regulated is also problematic. It means the platform doesn’t offer insurance cover for deposits made by investors.
There’s no stopping the platform from blocking you out. Authorities won’t help as the platform is completely anonymous. Hiring a recovery agent won’t help your cause. These agents can’t freeze the platform’s bank accounts.
You will get five classes of trading instruments available on the platform. The five include commodities, crypto, forex, indices, and stocks. Most of the commodities include products from the energy and manufacturing sectors.
With the crypto market gaining ground, everyone wants a piece of the cake. We recommend trading with crypto as it’s a volatile market. It would be best if you only traded crypto with proven platforms, not apextradings.com.
Forex trading happens to be the core of their platform. The platform offers CFDs on currency pairs. These pairs are exotic, major, and minor pairs. Members get to trade with over 100 currency pairs thus, spreading risks.
Indices represent the international market cap. These include more than the five indices found on the platform. The five include DAX, Dow Jones, NASDAQ, NYSE, S&P 500, and more.
You also get to trade stocks from leading international companies. The platform avails the FAANG group stocks, which are highly traded in the markets. Other notable stocks include shares from Amazon, Tesla, and more.
As we pointed out earlier, there’s no information on the entity Apex Trading Investment Platform. The platform claims to be regulated by the FCA, which means it’s located in the UK. However, it’s not the case as the Company House UK doesn’t have such an entity.
We believe this is an offshore-led platform trying to use the UK financial background. There’s no information on the CEO or CFO of the platform, which is burst. And this means we are dealing with an anonymous and unregulated trading platform.
When selecting which platform to go with, ensure you test the support structure. Please go through the different contact options and try how effective and fast their support becomes. It goes a long way to create an engaging environment with the platform.
What we have instead is a platform trying to control the communication process. You only get to make contact via email. It gives the platform the option of not responding and blocking your requests. And this is what’s happening to all withdrawal requests.
To ensure everyone gets to deposit funds fast, the platform avails of regular funding options. You get to fund your account using bank and wire transfers. After the deposit is complete, the funds will appear in your trading account within 24 hours.
Withdrawing funds from the platform is the biggest hurdle facing investors. No one has had the chance to enjoy the fruits of their labor for the past few weeks. Therefore, it would be best if you stayed away from such platforms that block withdrawals.
There’s no way we would recommend using the platform. Apex Tradings is a high-risk investment platform with a warning from regulators.
The best way of investing is going for reliable investment platforms. These platforms are what make investing successful. So try your hand in the best ways of investing the industry has to offer.
If you have any questions, feel free to leave a comment or write to us.
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