Score

1.54 /10
Danger

ApexFutures

United States

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

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Score

Regulatory Index0.00

Business Index7.24

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

VPS Standard
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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-27
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United StatesNFA regulation (license number: 0425012) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

ApexFutures · Company summary
ApexFutures Review Summary
Founded2000
Registered Country/RegionUnited States
RegulationSuspicious clone license
Market InstrumentsFutures and Options
Demo Account
Leverage/
Spread$0.99 per contract (Commission, not spread-based pricing)
Trading PlatformApexTrader
Min Deposit/
Customer SupportPhone: 800-411-2004 / 312-267-2277
Fax: 312-267-2266
Email: info@apexfutures.com

ApexFutures Information

ApexTrader, ApexFutures' proprietary trading platform, offers customisable and automated futures and options trading. Cloned licenses deceive users about the broker's validity.

ApexFutures Information

Pros and Cons

Pros Cons
Free trading platform, live data feed, and charting toolsOperates under a cloned regulatory license
Low per-contract commission ratesLack of transparency in leverage and deposit requirements
Supports demo accounts for testingNo Islamic account options

Is ApexFutures Legit?

ApexFutures operates under a cloned regulatory license, misleading traders by falsely associating itself with the NFA. Investors are advised to avoid this broker due to its deceptive practices.

Regulatory StatusSuspicious clone
Regulated byNational Futures Association (NFA), United States
Licensed InstitutionAPEX TRADING GROUP INC
License TypeCommon Financial Service License
License Number425012
Is ApexFutures Legit?

What Can I Trade on ApexFutures?

ApexFutures offers trading primarily in futures and options.

Tradable Instruments Supported
Futures
Options
What Can I Trade on ApexFutures?

Account Types

The ApexTrader platform supports numerous methods and tools for trading futures and options with ApexFutures' principal live account type. Demo accounts are available on the platform, but Islamic accounts are not. Professional traders interested in automated trading, bespoke indicators, and options spreads should use the live account. Starters and strategy testers use the demo account.

Account Types

ApexFutures Fees

Commission: $0.99 per contract for E-mini & Micro indexes, bitcoin, energies, metals, currencies, commodities, and interest rate futures.

Day Trading Margins: Micro E-mini index futures (e.g., ES, YM, NQ) require as little as $75 per contract.

ApexTrader does not charge platform, charting, maintenance, or monthly fees.

Fee TypeDetails
Commission per Contract$0.99
Day Trade Margins$75 per contract
Platform FeesNone
Maintenance FeesNone
ApexFutures Fees

Trading Platform

Trading PlatformSupported Available Devices Suitable for what kind of traders
ApexTraderDesktop, Microsoft Excel IntegrationAdvanced futures and options traders requiring automated and customizable trading solutions.

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FX1140398987
more than one year
I think the most important thing is safety. If your money is scammed, what's the point of other trading conditions? So I wouldn't do business with this potentially clone company.
I think the most important thing is safety. If your money is scammed, what's the point of other trading conditions? So I wouldn't do business with this potentially clone company.
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2022-12-12 10:22
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