APG PRIME Information
APG PRIME is a trading platform based on MetaTrader 5, which provides access to Forex, CFDs, shares, and commodities. It supports the Cent, Standard and Low Spread accounts with a leverage of 1:2000. Some accounts have zero commissions, however, there are regulatory events that push the firm beyond the limits of its FCA license and there are tensions regarding withdrawal problems.
Pros and Cons
Is APG PRIME Legit?
APG PRIME has some legitimacy issues that can be understood rather easily. A report has recently come out that although APG PRIME is registered with the Financial Conduct Authority (FCA) under license number 14429710, the APG PRIME business passes the limits of the permitted business activities and takes up some clients who involve it into non Forex license business. This danger, however, goes on to show that the brokerage may be conducting business that is not strictly within the dictates of the FCA authorization.
In addition, many clients have lodged complaints about the companys withdrawal problems, missing funds or excessive delays, and unhelpful staff when contacted. These are operational risk factors that seem to be present in the case in which traders need to guarantee their caution.
Customers have to take sources of this nature to be concerned and validate the standing of the broker on the official FCA website as well as other traders sources prior to making any transactions.
What Can I Trade on APG PRIME?
Within the framework of APG PRIME, it is possible to conduct trading operations involving a great number of CFDs on different basic CFD assets. Those include:
- Forex: Transact currency pairs like EUR/USD, GBP/USD and USD/JPY with a leverage of as high as 1:2000.
- Precious Metals: Engage in trading gold, silver and other precious metals.
- Shares: The possibility of trading in CFDs on the major global shares that enables up to speculating on the price movement without the need to rally upon the stock.
- Indices: Here, you can trade stock indices CFDs like S & P 500, NASDAQ, and FTSE 100.
- Commodities: Take part in the trading moreover you will find the CFDs on the oil, natural gas and agriculture commodities.
- Bonds: Further, you can trade on the government and corporate bond markets pursuing CFDs on these instruments.
Account Type
To suit the aspirations of various levels of traders, APG PRIME has developed three different account types. All account types require a minimum deposit of $40.
The CENT Account is ideal for beginners or investors who are not ready to make large investments and there are no any commission fees. It allows traders to start trading at a very low level of exposure risk.
The STANDARD Account is adequate for experienced traders who would like to trade at low trading expense with no further commission charged.
The LOW SPREAD Account is most recommended to professional market participants with ultra narrow spreads starting from 0 pips but this has since a $6 commission per transaction.
Leverage
APG PRIME provides a level of leverage of up to 1:2000 for all account types. This means that a trader uses only a small amount of his or her capital in order to control a huge amount of position. High leverage is advantageous for the traders who want more potential return but it increases the risk as well.
APG PRIME Fees
Trading Platform
APG PRIME providing immense coverage also allows its users to utilize the MetaTrader 5 (MT5), an online trading platform which is among the most distinguished. Many MT5 users praise the simplicity of the interface, which makes it possible to trade, monitor markets and control risks with ease.
It comprises more than 80 different trading products, including Forex, CFDs, shares, and indices, and cryptocurrencies. Additionally the platform allows trading through automated trading strategies known as Expert Advisors (EAs), incorporates 30 analysers of market price activity and has a useful trading history tab for review of actions taken.
MT5 is also available on desktop and mobile devices, and features full specifications for trading as well as complete functionality for analysis and an entire array of orders which allows it to cater for all people.
Customer Service
The Bottom Line
Overall, APG PRIME does provides competing leverage and zero commission on different accounts, and the chance of trading in many markets on the industry-leading MetaTrader 5. Nevertheless, there are concerns as support has had reports of withdrawal-related issues and a regulator bypassing its business scope of operations through its FCAs license. It is important to exercise caution while trading with this platform.
FAQs
Is APG PRIME regulated?
APG PRIME is a registered member of the FCA; however, they do business outside of the scope of the regulated business.
What trading platforms does APG PRIME use?
APG PRIME employs the MetaTrader 5 (MT5) platform.
Does APG PRIME provide non-commission trading?
Yes, there are no commissions on the Cent and Standard accounts.
2024-09-28 09:40
