Score

1.49 /10
Danger

Apptrader

Saint Vincent and the Grenadines

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index6.86

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

FR AMF
2020-08-13

Broker Information

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Company Name

RT Global LTD

Company Abbreviation

Apptrader

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
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Apptrader · Company summary

BASIC INFORMATION

AppTrader is an offshore Forex broker that sells financial goods and services on regulated markets without being properly licensed. The fact alone does not necessarily make a broker a scam scheme, but a violation of financial regulations indicates that the company is engaging in unlawful activities, so you should avoid it. The fact that AppTrader has previously been scrutinized by European financial regulators makes us strongly advise traders to avoid it.

AppTrader REGULATION AND SAFETY OF FUNDS

AppTrader is an offshore Forex broker that‘s purportedly owned and operated by an SVG company. It’s a problem for the traders because St. Vincent and the Grenadines is one of those offshore jurisdictions thats known for the shortage of adequate financial control. In fact, SVGFSA- the financial authority in the Caribbean island do not even issue Forex licenses, which makes the SVG brokers risky to trade with. The lack of rules and regulations means lack of customer protection, and the clients might even lose their money to scam. Not surprisingly, SVG is filled to the brim with scammers, and the absence of control is the single most important factor that attracts fraudulent enterprises.

AppTrader TRADING SOFTWARE

AppTrader offers some web-based trading platform that‘s seemingly developed by themselves. It’s a problem for the traders because such platforms are unstable and unreliable, but most importantly, these might be prone to fraud and price manipulation. Have a look at their platform at the end of this section. Beware!

We recommend the regulated MetaTrader4 or MetaTrader5 Forex brokers to the traders because MT is the best retail Forex platform available on the market and it‘s free to use. It’s stable and also feature sophisticated trading tools such as Expert Advisors, Algo trading, Complex indicators and even a marketplace where the traders can buy or use for free third-party-developed trading solutions.

AppTrader DEPOSIT/WITHDRAW METHODS AND FEES

The minimum initial deposit is $250, which is in line with the offshore brokers but more than twice higher than the regulated brokers standards- $100 on average.

The single funding method possible is Credit/Debit card. Standard payment methods such as Wire Transfers, Skrill, Neteller or Bitcoin are not available to make a deposit, and this fact certainly limits the traders.

No minimum withdrawal requirements set and also there are no fees specified, but the company reserves the right to impose transfer fees. Its an unfair clause because they might invent all kind of fees that they want on the run. Most of the legit brokers in comparison do not charge any transfer fees.

An account becomes dormant after 12 months of inactivity, but no inactivity specified either. In the same manner, AppTrader reserves the right to introduce fees and they even state that the traders will be informed explicitly about the charges that should be paid!

Bonuses are abundant, including Deposit Bonus starting from 30%, e-mail verification bonus, phone verification bonus and others. The Deposit bonus bounds with separate terms and conditions. It‘s said that the trader should execute a minimum trading volume of 10 times the amount of the bonus in 30 days, which is yet another unfair clause! If the requirements are not met, the bonus and the profits gained will expire, which means that the traders might end up losing its time to gain profits that the broker’s going to pocket!

News

NewsWikiFX report: AppTrader Review

RTGlobal Ltd owns AppTrader, an online trading broker based in Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont Kingstown, St. Vincent and the Grenadines.

WikiFX
2022-04-06 15:11
WikiFX report: AppTrader Review

NewsWikiFX report: THE APPTRADER PLATFORM IS ON THE LIST OF KNF WARNINGS

The Polish Financial Supervision Authority announced the addition of two new organizations to the list of public alerts on February 10, 2022: AppTrader (investment platform www.apptrader.com) and Acme Partners sp. z oo with its headquarters in Warsaw (not affiliated to the CFD, Forex, or Crypto market).

WikiFX
2022-04-06 15:07
WikiFX report: THE APPTRADER PLATFORM IS ON THE LIST OF KNF WARNINGS

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李奎
more than one year
My experience with Apptrader has been quite disappointing. The VIP deposit requirement was too high, and the spreads were too wide. I also experienced significant slippage while trading. Overall, I found the trading conditions to be below average. Overall, I found that the trading conditions with Apptrader were not favorable, and I would recommend seeking out other brokers with better trading conditions.
My experience with Apptrader has been quite disappointing. The VIP deposit requirement was too high, and the spreads were too wide. I also experienced significant slippage while trading. Overall, I found the trading conditions to be below average. Overall, I found that the trading conditions with Apptrader were not favorable, and I would recommend seeking out other brokers with better trading conditions.
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2023-03-21 18:20
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渝、
more than one year
I hope this review helps to stop them from getting one more cent. Don't be a fool like me, a complete scam 100%. Don't give your hard-earned money to these people. If you ask to close your account they will stop replying and continue to trade your money without your permission.
I hope this review helps to stop them from getting one more cent. Don't be a fool like me, a complete scam 100%. Don't give your hard-earned money to these people. If you ask to close your account they will stop replying and continue to trade your money without your permission.
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2023-03-13 14:01
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