Apex360 Review – Reasons to Avoid apex360.io

Without a respected license and strict regulatory oversight, the Apex360 broker is nothing but another offshore threat to the financial stability and integrity of many retail Forex investors. 

The exceptionally slow and glitchy web pages open only once in a while, company data is faked and user feedback falsified that even review sites warn about its untruthfulness. Be extremely cautious and make sure you read this Apex360 review if you value the safety of your investment capital.

Another Offshore Sham

The company headquarters are located in a small offshore zone of St. Lucia, where the financial regulator, FSRA, doesn’t license Forex market participants. Besides that, the firm doesn’t own a legit certificate by any other authority, including FCA, BaFin, CySEC and ASIC. 

Engaging in risky trading on defective websites can only lead to loss. After all, no compensation scheme can help you recover lost assets and you’re quickly led to disdain due to the missing negative balance insurance. As you will shortly see, trading conditions can also efficiently expose a scammer, so read on.

Workings of a Fraudulent Scheme

While the apex360.io has only been launched in June 2023, it’s already encountering serious issues and breakdowns. The areas in which these fraudsters are most active are these:

• Australia
• Netherlands
• United States

As a so-called boiler room, this fraudulent forex service relies on contacting the potential victims directly. This is done by boiler room agents, who mostly work by phone and various chat services.

Once the money is in the clutches of these cybercriminals, it’s nearly impossible to get it back without prompt legal action. Should you require help in this regard, contact our recovery professionals.

Fake Reviews Cake On The Lies

It’s inevitable for a prominent firm to accrue a poor trust score over time, just take a look at Apple for instance. The Apex360 reviews, which give the company an impeccable trust score, certainly raise some eyebrows.

Indeed, SiteJabber is already investigating this firm specifically for the reason of faked review scores. If you take a look at TrustPilot, Reviews.io and TrustedReviews pages, you’ll see the exact same strategy unfold. This strategy is often employed by other con artists like Trader Trust EU for instance.

Illegal Leverage Amounts

As it usually is with unsupervised Forex market participants, their leverage ratio is uncapped. Just like YourGlobalDeal, this portal allows you to trade under the ratio of up 1:400, with the 1:100 being the starting, default value. 

Spreads aren’t even defined, so you’ll only see weasel words like “premium” and “golden” spreads/costs. Also, a whole lot of fees are mentioned but not revealed: handling fees, withdrawal tax, processing commission, additional expenses and so on. We could only find that inactivity is charged with 10% monthly. 

First Time Deposit Bonus

To no one’s surprise the 20-30% deposit bonus is used to lure in investors that aren’t familiar with the problem of trading volume requirements. 

You see, in order to be able to withdraw anything from a credited trading account, you have to reach a certain turnover. The Apex360 scam demands a turnover of 30 times the deposit amount plus the bonus issued.

The same conditions apply for the Ponzi trap called referral bonus, which is, in this case 30%.

Is Anything of Use on the Site?

Each and every element of the total offer is a complete and utter failure. Starting from over expensive feature bundles to the rudimentary software, nothing is worth paying for. Think twice if you wish to rely on such a pathetic offer of tools!

Familiar Web Software

The entirety of the Apex360 trading platform is a dysfunctional web trader, stripped of all useful features. 

The fact that you cannot rely on advanced analytical tools and options suggest heavy data tampering, something synonymous with scammers. It is altogether better to just go with a regulated broker that offers industry standard apps like MT4 and MT5. 

Assets Shown on Platform

Since the website doesn’t clearly present the details about concrete trading products, we had to rely on the information found inside the web terminal:

• Commodity CFDs (Cocoa, Aluminum, Coffee)
• Share CFDs (Caterpillar, Coca Cola, Delta Air Lines)
• Indices CFDs (Nasdaq, Dow Jones, Nikkei)
• Crypto CFDs (BTC, ETH, BNB)
• Forex (EUR/USD, USD/GBP, USD/JPY)

Minimum Investment Ripoff

Majority of the Apex360 accounts are a total ripoff for anyone but the extremely wealthy. Just take a look at these starting deposits:

• Welcome – €250
• Bronze – €10,000
• Silver – €50,000
• Gold – €100,000
• Platinum – €250,000
• VIP – €500,000

To justify these insane prices, the con artists are claiming various benefits. These are based on the tier system, and include some fee discounts and other minor perks.

Demo Deception

Anyone who registers an Apex360 login, gets access to a demo account. Now, don’t mistake this for any kind of transparency on behalf of the criminals. These demos get loaded with misleading market data, which will lull you into a sense of great financial opportunity in order to encourage a greater deposit.

Unmatching Funding Channels

While the website lists one group of accepted payment methods, something completely different is found in the client zone. Therefore, the concrete transfer channels remain undeterminable before full user verification (KYC). 

Legal documents say that typical processing time during payouts is around 5 business days, but who could trust that information coming from a corrupted Forex dealer?!

Unreachable Support

The Apex360 Forex broker claims to pride itself in the quality of their customer support. While the site features a few phone numbers, an email and a live chat, there’s nobody actually working in the support department at all.

With no human interaction available, the clients end up relying on the same boiler room agent that stole their money in the first place.

Want to Recover Lost Funds? Contact Us!

Forex market is risky and hard to muster as it is. You don’t need to be faced with additional dangers and have your capital compromised by financial swindlers. That’s why it’s of crucial importance to stay informed and make profitable choices.

In addition, if the scam does happen, our recovery agents and legal professionals can help you safely restore stolen cash. Contact us for more details.

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