ApexMarkets review – 5 things you should know about apexmarkets.io

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

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

ApexMarkets’ website is an odd choice of elements, but it seems that these are made for the purpose of covering the broker’s scammer tracks. Read on to see what ApexMarkets has to hide.

ApexMarkets Regulation and safety of funds

The only thing that we were able to acquire were a couple of vague references to the EU but that’s all. There is nothing to say about this. ApexMarkets is not at all legalized in the EU, but may be illicitly regulated there. The EU is home to some of the best regulators in the world that have built their reputations for decades; never would they accept a broker that plays out like ApexMarkets, sicnce it is a complete scam and thief.

Another slight scammer thing is the fact that the only legal documents is the Privacy Policy, which means that the broker excludes all the importer details that protect the user from the bad-doings of the broker.

Overall, ApexMarkets is a scam and completely unregulated. 

ApexMarkets Trading software

We were not able to open an account after reaching the final steps; the confirmation code we got was not applicable, and when we entered it it did nothing, no matter how many times or codes we tries. On the website, users are given the ability to download an MT5, yes that MT5, and it’s apparently owned by the broker. At such times we immediately start wondering how was an illicit broker able to procure the best trading software, but then we remember that anyone can purchase it, or even hack it with sufficient skill. The MT5 might eb available here but running it and trading on it is a risk to your money and personal data.

ApexMarkets Trading instruments

According to the site, the available assets to trade with are forex currency pairs, commodities, stocks, cryptocurrencies, indices, and oil. These are great, were it not for the fact that ApexMarkets is a scam.

ApexMarkets Spreads and cost of trading

The website claims that the spreads start from 0 pips, but this is pretty much correct for all spreads in the indusrty; they all have to start from somewhere. There are no specific costs of trade on the website, and so we leave it at that. The only thing we found out is that there is a $3 per side commission on Pro accounts, however in the account creator there was no choice between accounts, which probably means that ApexMarkets has lied here.

ApexMarkets Maximum leverage

The advertised leverage goes all the was up to 1:500, and that’s all we have to say about that. If you want a high leverage experience then check you the ones in the link; only be aware that the higher the leverage the bigger the overall trade risk is.

ApexMarkets Deposit and withdrawal methods

According to the website, the available payment methods are credit cards, debit cards, bank transfer, and an assortment of crypto methods.

Crypto payments take 10 minutes to process, bank transfers usually between 2 and 5 days, and card payments are instant. This applies to both deposits and withdrawals.

ApexMarkets Minimum deposit

The minimum deposit is $0. Note also that any deposit equal to or above $100 will be automatically be credited with a bonus, which means that the user will be tied to a bunch of shady bonus conditions that are created to be close to impossible to complete, like very high turnover requirements and the like. It’s a clear attempt on ApexMarkets’ side to retain you as a user until it comes up with additional ways to take your money.

If you want reliable minimum deposit brokers then you should check out our list of such entities.

ApexMarkets Withdrawal requirements

The broker makes it clear that it never applies any deposit or withdrawal fees. Only the system fees, those responsible fo the payments, may be charged, which is understandable and a common occurrence.

The FAQ section revealed another thing worth noting that reveals just how scammer ApexMarkets really is:

According to this, filing for a chargeback will ban your account, and it seems that ApexMarkets has purposefully left out the details on the remainder of a client’s account money. Are these funds lost or sent back to the client? This stipulation is made even worse when reminded that chargebacks are one of the few sure ways to get back your money after losing them to the broker.