Apex-500.com Reviews Scam

Apex-500.com Reviews

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32 Reviews

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Apex-500.com Reviews - Is Apex-500.com Legit?

If you're unsure about the legitimacy of a broker, you're not alone. Many people have made the mistake of trusting offshore companies that disappear into thin air. While Apex500 promises a high-quality trading interface, it's also been the subject of numerous complaints and warnings on online review sites. The broker is rated poorly on many online platforms, and this is indicative of its poor reputation with investors. Unfortunately, some of these investors have lost their money and wasted their time.

While Seychelles is a low-regulation country, it still has rules for brokers. According to the Financial Services Authority, a broker is required to have at least $50,000 in operating capital, two directors and at least one shareholder, who can also be the company's chairman. Regardless of its licensing status, Apex500 does not adequately protect the funds of its investors. If the broker crashes and goes out of business, traders won't receive any compensation.

While Apex500's website claims that it's registered in Germany, there are several reports of fraudulent websites using its phone number. Regardless of the reason, the number is used on fake websites and stock traders submit fake data. This isn't surprising given the company's negative reputation. Many traders have already lost money on Apex500 because of fraudulent websites, so don't waste your time with these companies.

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