The United Kingdom’s Financial Conduct Authority has issued a warning against Apex Coins in October 2023
If you are looking for a way to invest in cryptocurrencies, you may have come across Apex Coins Broker, a platform that claims to offer trading services for various digital assets. But is Apex Coins Broker a legit company or a scam? In this review, we will examine the features, pros and cons, and reputation of Apex Coins Broker to help you make an informed decision.
What is Apex Coins Broker?
Apex Coins Broker is an online platform that allows users to trade cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ripple, and more. According to its website, Apex Coins Broker was founded in 2017 and has offices in London, New York, and Hong Kong. The platform claims to have over 500,000 registered users and to process over $10 million worth of transactions per day.
How does Apex Coins Broker work?
To start trading with Apex Coins Broker, you need to create an account on its website and verify your identity. You can then deposit funds using various methods such as credit cards, bank transfers, e-wallets, or cryptocurrencies. You can also choose to trade with leverage, which means you can borrow money from the platform to increase your exposure and potential profits. However, leverage also increases your risk of losing money if the market moves against you.
Apex Coins Broker offers a web-based trading platform that is compatible with any device and browser. You can access various tools and features such as charts, indicators, news feeds, order types, and more. You can also use the platform to trade over 100 different cryptocurrencies and pairs.
What are the advantages of Apex Coins Broker?
- It supports a wide range of cryptocurrencies and pairs.
- It offers multiple payment options and fast withdrawals.
- It provides a user-friendly and intuitive trading platform.
- It has a responsive and helpful customer support team.
- It offers educational resources and market analysis for beginners and experts.
What are the disadvantages of Apex Coins Broker?
- It is not regulated by any reputable authority or agency.
- It has received several complaints and negative reviews from users who claim to have been scammed or unable to withdraw their funds.
- It has a high minimum deposit requirement of $250.
- It charges high fees and commissions for trading and withdrawals.
- It does not have a mobile app or a demo account.
Is Apex Coins Broker a scam?
Based on our research and analysis, we cannot recommend Apex Coins Broker as a trustworthy or reliable platform for trading cryptocurrencies. There are several red flags that suggest that Apex Coins Broker is a scam or at least a very risky option. These include:
- Lack of regulation: Apex Coins Broker does not have any license or authorization from any reputable regulator or agency. This means that it is not subject to any rules or standards that protect the interests and rights of its customers. If you encounter any issues or disputes with the platform, you may not have any legal recourse or protection.
- Negative reputation: Apex Coins Broker has received many complaints and negative reviews from users who claim to have been scammed or unable to withdraw their funds. Some users also report that the platform uses aggressive and misleading marketing tactics to lure unsuspecting customers. For example, some users claim that they received unsolicited calls from Apex Coins Broker agents who pressured them to deposit more money or trade with high leverage.
- High fees and commissions: Apex Coins Broker charges high fees and commissions for trading and withdrawals. For example, it charges a 5% fee for every withdrawal, which is much higher than the industry average. It also charges a 10% commission for every trade, which can significantly reduce your profits or increase your losses.
- No mobile app or demo account: Apex Coins Broker does not have a mobile app or a demo account that allows users to trade on the go or practice their skills without risking real money. This limits the convenience and accessibility of the platform.
Apex Coins Broker is an online platform that claims to offer trading services for various cryptocurrencies. However, based on our review, we do not recommend using Apex Coins Broker as it appears to be a scam or at least a very risky option. The platform lacks regulation, has a negative reputation, charges high fees and commissions, and does not have a mobile app or a demo account. Therefore, we advise you to avoid Apex Coins Broker and look for other alternatives that are more trustworthy and reliable.
What to Do If You’ve Lost Money with Apex Coins?
If you have been scammed by Apex Coins or any other broker, you’ll want to seek assistance from cryptocointrace.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Cryptocointrace.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.