Apex500
We checked Apex500 against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
Apex500 shows that it has thousands of grateful clients and provides competitive trading conditions. However, when we checked its domain, the result shows the firm was newly created on 2021-11-5. How it can reach these figures in about 2 months? Thus, there is the highest possible level of caution for you when dealing with Apex500. Besides, we found Apex500 has no regulation license. What’s more, the broker shows that its headquarter is at Bockenheimer Landstraße 51, 60325 Frankfurt am Main, Germany. If you are a forex trader, no matter a fresh one or an experienced one, you must know the two basic essential things about trading with German reliable broker: 1)to operate in Germany, a broker needs to have a license; 2)the regulatory body that oversee the German markets is BaFin. It has rectified its operational procedures and is considered to be among the best regulatory agencies in the retail FX trading industry. After checking on the BaFin, we found out that there is no mentioning of Apex500 company there. That means Apex500 has neither registration nor regulation. Therefore, it is a scam broker.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report Apex500.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.