Apex500 Review – 5 things you should know about apex-500.com

Apex500 Review – 5 things you should know about apex-500.com

Rating: 1

Beware! Apex500 is an offshore broker! Your investment may be at risk.



Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


Apex500 has the same bold claims as many scam brokers – ‘ strong sense of security ‘, ‘state-of-the-art user-friendly platform’, ‘competitive trading conditions’, ‘safe depositing and strong security of funds’. As usual, these bold claims are the only things the scammers can offer you. Nothing in their terms is competitive, their platform is far from great and when it comes to fund security – well, don’t try depositing money with this broker because that money will probably be gone and never to be seen again once you have invested it. Apex500 is far from a safe choice for trading and we will explain why in the following review.


Apex500 has provided an address on the Seychelles and a phone number in the UK. The Seychelles are far from the best location where your broker can be regulated. While there is a regulatory body operating (Seychelles Financial Services Authority) and there are some restrictions and rules to be followed, that regulator is far from the strictest when it comes to trading. A broker must register a domestic company with at least two shareholders and two directors and maintain a minimum capital of $50 000. That capital should initially be deposited in a bank on the Seychelles. There are a few problems, however. First of all, the same person can act both as a director and a shareholder. The capital of $50 000 can be used for other activity and does not just serve as insurance that the broker is well-provisioned enough as is the case with EU, UK and Australian brokers. Client deposits are not kept in segregated accounts which means the broker still has access to those money.

These conditions are far from perfect and are more of a bare minimum that actual stern requirements. Furthermore, we looked up Apex500 in the Seychelles Financial Services Authority’s register and could not find any matches which means that the broker could bot even meet those bare-minimum requirements.

If you want to ensure the actual safety of your funds, better opt for an EU, UK or Aussie broker. Such brokers are regulated respectively by the CySEC (as well as local European regulators like the German BaFIN), the FCA and ASIC. With companies licensed by any of these authorities you will be sure that your money is kept in a segregated account and cannot later be reinvested at the brokers whim. The minimum capital requirements are much higher – €730 000 for the UK and the EU and as much as A$1 million Australia. Negative balance protection is also ensured – this means the amount of money you lose cannot exceed the money you have in your account. So better ignore scammers like Apex500 and choose who you do business with among licensed brokers.


We were not impressed with the web-based platform we got access to with Apex500. Such platforms exist by the thousands and are often used by scammers because they are cheaper (although lacking in functionality).

Better try out an established platform like MetaTrader 4 or MetaTrader 5. Both of these platforms have built a reputation as an industry standard and there is a good reason for that. Not only is their interface quite user-friendly but they offer a ton of useful features – like Expert Advisors and VPSs that keep your EAs always operating, even with your computer turned off.


Apex500 are supposed to offer us tempting conditions but we were all but tempted. The minimum deposit is $250 – not to bad but considering that there are enough legitimate brokers nowadays who would open an account for anywhere between $5 and $100, we would refrain from doing business with scammers.

The spreads were, quite frankly, pretty awful. The platform showed us a spread from 3.5 pips on the EURUSD pair which is more than double the industry standard of 1.5 pips.

Things were a bit more interesting when it comes to leverage. The leverage for a basic account is 1:20 – quite reasonable and even lower than the maximum of 1:30 permitted in the EU and the UK. So we were pleasantly surprised here. The impression was ruined when we saw what leverage Apex500 offers to clients that have invested more money but still don’t qualify as professional clients – between 1:50 and 1:100. Don’t be tempted by high leverage. It does enable you to make bigger offers and win more money but the chance of you losing enormous amounts is just as high.


The deposit and withdrawal methods we have at our disposal are the usual Visa/MasterCard and bank transfer as well as well as Qiwi Wallet and WebMoney. As these are scammers, we would definitely not recommend that you transfer any money to them.

Another red flag is the offer of welcome bonuses – between 25% and 100% depending on the account type. But to withdraw that bonus – or any funds from your account, even your own – you will have to reach a turnover of 25 times the deposit plus the bonus. It is insane for a broker to demand you reach some sort of turnover to access you own money so ignore these scammers at all costs.


The way such scams work is usually the same.

You are browsing and you see a banner or an ad for the scammer’s website promising you enormous profit. So you take a look at the website, think it looks good, and register – after all, who would not want to earn money so easily and quickly. And the scammers promise to make an experienced trader out of you in no time. The moment they acquire your contact info, you will start receiving emails and phone calls asking you to deposit. If you do, you will probably see you are making a lot of money soon – a trick aiming to make you invest more.

Time passes, you have made good money and now you want to withdraw. This is the moment the scammers will start making up wild reasons to delay that withdrawal – usually additional taxes. At some point you will start figuring out something is wrong and at that exact moment, the scammers will stop answering your phone calls.


Remain calm and don’t trust any so-called “recovery agents” that say they could retrieve your money if you only paid a small fee. Often enough, these are the same people that scammed you in the first place and even if they are not – that is a whole different type of scam aimed at desperate victims. Your “recovery agent” will disappear as soon as they receive the fee.

What you could do is ask your bank or credit card provider for assistance depending on your deposit method. With credit and debit cards you can file for chargeback within 540 days. Cryptocurrency transactions are non-refundable so don’t trust brokers only offering that payment method. Still, be prepared for the worst since such situations are rarely resolved in a happy manner. If you have verified your account, the scammers might use that as a basis for revoking your claim.

Still, make sure to change any passwords or other sensitive information scammers have received. Notify the authorities and spread the word – in your acquaintance circle and online. You can save a lot of people from the awful situation you might have found yourself in.

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  1. This is Ghulam Farid i am having an account with 4000$ equity and the cfd-apex500.com are not giving me the withdrawal.

  2. Very bad company real dump

  3. Do not trust this company. Its100% a scam. We invested thousands with them. Every week they urge you to deposit funds so you can achieve a higher level. When we went through the reviews it is clearly paid reviews and in noway reflect the truth. We requested to withdraw the money all of a sudden no one is answering the phone calls. They assign a manager ours was named Simon Cole but i doubt its his real name. They are based in Seychelles and its a shell company. They are a huge scam company also named sinara Corp which is a bigger company. Beware do not falċ for this SCAM !!!!!!! Trust Pilot check the reviews they are all false. We have been cheated out of our hard earned money !!!!!!!!

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