Score

1.32 /10
Danger

ApxPrimeoptions

United States

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Regulatory Index0.00

Business Index5.53

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

ApxPrimeoptions · Company summary
Aspect Information
Company Name ApxPrimeoptions
Registered Country/Area United States
Founded Year 2016
Regulation Unregulated (Warning from FCA regarding ApxPrimeOptions LTD exists)
Market Instruments Cryptocurrencies, Stocks, Options
Account Types A Single Account
Trading Platforms Desktop, Web, Mobile
Demo Account N/A
Customer Support Email: support@ApxPrimeoptions.com
Deposit & Withdrawal BITCOIN Transaction
Educational Resources FAQ

Overview of ApxPrimeoptions

ApxPrimeoptions offers a platform for trading cryptocurrencies, stocks, and options. They boast features like a user-friendly interface accessible through desktop, web, and mobile apps, and claim to connect users with a deep pool of buyers and sellers.

However, there are substantial concerns. ApxPrimeoptions doesn't disclose their specific regulatory oversight, and a warning exists from the Financial Conduct Authority (FCA) regarding a similar company name. Additionally, they only seem to accept Bitcoin deposits and withdrawals. While they provide an FAQ section for educational resources.

Overview of ApxPrimeoptions

Pros and Cons

Pros Cons
Multi-platform Trading Lack of Regulation
Deep Liquidity Limited Educational Resources
Variety of Instruments
Investment and Custodial Services

Pros

  • Multi-platform Trading: ApxPrimeoptions offers a user-friendly interface accessible through desktop, web, and mobile apps.

  • Deep Liquidity: They claim to connect users with a large pool of buyers and sellers, leading to better trade prices.

  • Variety of Instruments: ApxPrimeoptions offers trading in cryptocurrencies, stocks, and options.

  • Investment and Custodial Services: They provide storage solutions for crypto holdings.

Cons

  • Lack of Regulation: ApxPrimeoptions doesn't disclose their regulatory oversight, and a warning exists from the Financial Conduct Authority (FCA) regarding a similar company name. This raises significant questions about their legitimacy and the safety of your funds.

  • Limited Educational Resources: Their educational resources are confined to an FAQ section, which might not be sufficient for new investors.

Regulatory Status

ApxPrimeoptions lacks regulatory oversight from a reputable financial authority. They mentions “custodial solutions” and “compliance” in their services, but there's no mention of specific regulatory bodies.

A web search reveals a warning from the Financial Conduct Authority (FCA) in the UK regarding ApxPrimeOptions LTD (with a slight difference in spelling). This suggests ApxPrimeoptions might not be a legitimate or regulated company, especially since the FCA is a respected financial regulator.

Regulatory Status

Market Instruments

ApxPrimeoptions offers a combination of cryptocurrency-related products and services:

Trading:

ApxPrimeoptions acts as a facilitator for buying and selling cryptocurrencies. They aim to connect you with a large pool of buyers and sellers (liquidity) through various exchanges. This allows you to potentially get better prices on your trades.

Investment:

ApxPrimeoptions offers custodial services, likely acting as a secure vault for your crypto holdings. They claim to be trusted by institutions for the safekeeping of digital assets.

Exchange:

ApxPrimeoptions seems to directly buy Bitcoin from investors. This could be an alternative way to acquire Bitcoin besides their trading platform, potentially offering different payment methods or rates.

Loan:

ApxPrimeoptions might allow you to leverage your existing crypto holdings to gain more buying power for trading. This is not a loan in the traditional sense, but rather using your crypto holdings as collateral to access additional funds for trading within their platform.

Market Instruments

How to Open an Account?

Heres how to create a new account on ApxPrimeoptions:

  1. Click on the “Register” button.

How to Open an Account?
  1. Fill out the registration form

  2. Check the box to agree with their Privacy Policy and Terms & Condition.

  3. Click on the “Register” button again.

How to Open an Account?

Trading Platform

ApxPrimeoptions offers a multi-platform trading experience accessible through desktop, web, and mobile apps. These platforms provide real-time market data and order execution, allowing users to trade various asset classes including cryptocurrencies, stocks, and options. They boast a highly reliable system with a near-perfect uptime record (99.999%).

Trading Platform

Customer Support

ApxPrimeoptions offers robust customer support through their dedicated email address, support@ApxPrimeoptions.com. Clients can reach out to this email address for assistance with any inquiries, issues, or feedback related to their trading, investment, exchange, or loan services.

Customer Support

Educational Resources

ApxPrimeoptions provides educational resources primarily through an online FAQ (Frequently Asked Questions) section. This FAQ section is designed to address common queries and concerns that clients have regarding various aspects of trading, investment, exchange, and loan services offered by ApxPrimeoptions.

The FAQ covers topics such as account setup, trading procedures, security measures, compliance requirements, and other relevant information to help clients navigate their platform effectively and make informed decisions.

Conclusion

ApxPrimeoptions offers a potentially attractive combination of features, including a user-friendly multi-platform interface, deep liquidity for potentially better trade prices, and a variety of instruments including cryptocurrencies, stocks, and options. They even provide custodial services for crypto holdings.

However, a major drawback is the complete lack of transparency regarding regulation. The absence of any disclosed regulatory oversight, coupled with a warning from the FCA about a company with a similar name, raises serious concerns about ApxPrimeoptions' legitimacy and the safety of your funds.

FAQs

Question: How easy is it to set up an account with ApxPrimeoptions?

Answer: ApxPrimeoptions claims their account creation process is straightforward. You can supposedly sign up through their website by filling out a registration form.

Question: Does ApxPrimeoptions offer a practice account for beginners?

Answer: There is no current information available regarding demo accounts on ApxPrimeoptions' platform.

Question: What investment options does ApxPrimeoptions provide?

Answer: ApxPrimeoptions goes beyond just cryptocurrency exchange. They advertise trading in cryptocurrencies, stocks, and even options. Additionally, they offer custodial services to store your crypto holdings.

Question: Is ApxPrimeoptions a safe and reliable platform?

Answer: This is a critical question. ApxPrimeoptions does not disclose any regulatory oversight, and there's a warning from a respected financial authority (FCA) regarding a company with a similar name.

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FX1332549360
more than one year
I trade very intensively throughout the day and often scalp. It is very important for me to enter the market without a hassle. This broker ensures decent execution that makes me feel safe.
I trade very intensively throughout the day and often scalp. It is very important for me to enter the market without a hassle. This broker ensures decent execution that makes me feel safe.
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2023-03-07 11:33
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