Wikilix independent safety report
Apex Markets (apexmarkets.io) is a likely scam. It takes deposits without any financial licence, and clients repeatedly report that their withdrawals are stalled for months or released only after pay…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
What Wikilix has recorded about ApexMarkets: its history, the licences it holds, its trading conditions and its fees.
About ApexMarkets Broker
Overview and Introduction
Finding the right broker is extremely important for all types of traders. ApexMarkets is a trading broker that has developed a wide-range of products that focus on meeting the needs of many different trading styles. As the financial environment continues to evolve, ApexMarkets is committed to providing traders with tools and platforms that allow them to be successful in the marketplace.
This review includes information on the Background of ApexMarkets along with its features, regulatory status, Trading Conditions, Fees, and User Experience, and will highlight all available information about ApexMarkets while also providing details around areas that are still lacking.
Background & History
ApexMarkets is an up-and-coming trading broker focusing on creating global trading solutions for all asset classes. Although there is very little public historical information available, it is important to note that ApexMarkets appears to be targeting both retail and institutional clients by providing competitive trading conditions through user-friendly trading platforms.
Key Features & Services
ApexMarkets offers a multitude of potential trading instruments and services including
Forex
Commodities
Indices
Most likely some type of cryptocurrency offerings.
The core focus of ApexMarkets is on both the technology behind its trading platform and providing outstanding customer service; both of which are key to successfully performing trades as well as an overall positive experience. The specifics of the technology and customer service offered by ApexMarkets are not currently available.
Regulatory Compliance
Apex Markets has currently disclosed very limited information regarding its regulatory compliance status to the public. As a trader looking to determine whether to trade with Apex or not it would be wise to verify their regulatory compliance directly with Apex Markets. The following table outlines limited regulatory compliance information that is currently available.
Regulator, License Number, Status
Limited available information; N/A; N/A.
Trading Conditions & Technology Platform
Understanding the trading conditions offered by Apex Markets will help you to determine the overall cost and access to the trading services. Currently, Apex has not released any public information regarding its:
Spreads
Leverage
Minimum deposit
Supported trading platforms
Trading Condition, Details
Spreads, Limited information available.
Leverage, Limited information available.
Minimum Deposit, Limited information available.
Platform Technology, Limited information available.
Fee Structure
Understanding the structure of fees is essential to evaluating the cost effectiveness of a broker. Apex Markets has not yet made public its full fee structure, so it is not possible to evaluate how much it will ultimately cost to trade.
Fee Type, Details
Deposit Fees, Limited information available.
Withdrawal Fees, Limited information available.
Commission, Limited information available.
User Experience and Reputation
At this time, due to the lack of public information on Apex Markets it is impossible to conclude on the overall market reputation of Apex Markets as well as customer experience with Apex Markets. I would highly recommend that traders do the following:
Look for independent reviews/testimonials.
Test the platform using a demo account, if possible.
Recent Developments
Currently, Apex Markets has not had any major developments nor announcements publicly available. If you are interested in Trading Apex Markets please make sure to stay up-to-date with Apex Markets' official communications as well as stay informed through the various financial publications.
Conclusion
Apex Markets is attempting to be a broker for all types of traders. However, with the limited amount of regulatory status, Trading Conditions, Fees, and User Experience it can be difficult to determine whether or not to trust Apex Markets. I recommend doing your own research, contacting Apex Markets for clarification, and testing the trading platform on a demo account before committing any funds. To ensure a safe and informed trading experience it is essential that you verify transparency and credentials.
No tier-1 or tier-2 licence is in force. The regulation ApexMarkets holds is lighter, and each licence's record says what its regulator requires.
WIKILIX
Licence intelligence
The only licence on file
Licence Verification Record
Recorded from the firm's own disclosure. Not yet checked against the register.
A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
One account type on record. Minimum deposit from USD 100. Leverage up to 1:500.
| Account | Min Deposit | Leverage | Commission |
|---|---|---|---|
| ProVIP | USD 100 | 1:500 | in forex: $3 (Per Side); in Equities 0.1% |
3 ways to fund an account. 3 credit instantly.
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
| Visa/MasterCardDebit Card | Not recorded | Not recorded | USD 100 | Not recordedNot recorded | Instant |
| Bank Wire TransferWire Transfer | Not recorded | Not recorded | USD 100 | Not recordedNot recorded | Instant |
| CryptocurrencyCryptocurrency | Not recorded | Not recorded | USD 100 | Not recordedNot recorded | Instant |
One trading platform on record: MetaTrader 5.
MetaTrader 5 (MT5) is a next-generation multi-asset platform for trading Forex, stocks, and futures, with advanced analytics, faster execution, and powerful algorithmic trading tools.
One domain on record. All active and served over HTTPS.
ApexMarkets names Apex Capital Markets LLC as the operating company. We could not confirm that registration on the registry.
3 other brokers on the record share what ApexMarkets offers — its country, regulator, account types or platforms — set beside it on the same measures.
Common questions about ApexMarkets
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